Chase Slate No Fee Balance Transfer!

November 1, 2011 10 Comments »
Chase Slate No Fee Balance Transfer!

A huge credit card deal just got released today. For a limited time (it’s unknown how long), you can get your hands on a no fee balance transfer credit card via Slate from Chase.

As long as you transfer your existing high-rate balances during the first 60 days your account is open, you will pay NO balance transfer fee! That’s right!  Zero dollars to transfer an existing credit card balance.

(After the 60 days are up, the balance transfer fee rises to the industry standard 3%, with a minimum charge of $5.)

And yes, this Chase Slate offer comes with 0% APR on balance transfers (and purchases) for a full 15 months. This makes it the only 0% APR no fee balance transfer on the market at the moment.

There are a few other no fee balance transfer credit cards out there, but they don’t come with 0% APR, which kind of defeats the purpose of executing a balance transfer.

So if you’ve got high-APR credit card balances, this deal can save you a ton of money on costly credit card finance charges. It’s a great way to get out of debt quickly at the lowest cost, zero.

Once the 0% APR period ends, the APR will rise to a variable 11.99%, 16.99%, or 21.99% rate. So it’s best to pay off the entire transferred amount during the 0% promotional APR period to avoid interest altogether.

Quick example to highlight the potential savings of Chase Slate’s No Fee BT offer:

Existing credit card debt: $5,000 @19.99% APR
Balance transfer fee: $0
Balance transfer APR: 0% for 15 months

In the first year alone, you’d save roughly $1000, or $83 a month by going with this balance transfer deal. So it’s pretty much a no-brainer if you’ve got existing credit card debt. And there’s no annual fee! Try saving that much by clipping coupons…

If you don’t know what a credit card balance transfer is, learn more about them by clicking the preceding link. They’re simple to execute and can save you a ton of money, while simultaneously getting you out of the credit card debt cycle for good.

Back in the day, I didn’t know what a balance transfer was, and approached them very cautiously. I always figured they were just another scam that credit card issuers tried to force down our collective throats.

But I quickly discovered that it was a great tool to pay off my credit card debt (yes, I racked up a lot of debt after college) and avoid paying interest without any funny business.

Tip: The average credit score approved for the Chase Slate No Fee offer is 730, which is considered great credit. The lowest score approved was 566, all according to stats from Credit Karma. In other words, you’ll want to have good credit prior to applying for this offer.

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  1. Brendan January 22, 2014 at 10:47 am -

    This saved me…I had like $5,000 I needed transferred, which would have cost me $150 with other card issuers. Thank you Chase!

  2. Eugene February 18, 2014 at 4:16 pm -

    Is this no fee offer still available? I got a mailer with a 2% fee.

  3. Colin Robertson February 18, 2014 at 9:16 pm -

    Yes, it’s available on the Chase website, so make sure you apply via the no fee offer.

  4. Halley February 21, 2014 at 3:13 am -

    I originally took out the Chase Slate No Fee card and transferred a balance, which I have since paid off. Just this week they sent me 0% balance transfer checks with a 2% fee. It says I can deposit $5,000 in my bank account, which would cost only $100. And the 0% APR is good until like spring 2015. Not a bad deal either.

  5. Colin Robertson February 21, 2014 at 5:09 pm -

    Yep, I got the same thing in the mail this week. If I needed the money, $100 isn’t a huge price to pay for $5,000 cash at zero interest for the next year. Just gotta make sure you can pay it back!

  6. Rosalie March 6, 2014 at 9:15 am -

    What credit limit have people received for this offer? Thinking about applying but want to make sure I get a good limit.

  7. Colin Robertson March 7, 2014 at 8:48 am -

    It will depend on your credit history/score, so it’s hard to say, but the limits are certainly pretty high from what I’ve seen. But you won’t know unless you apply.

  8. Shauna March 14, 2014 at 3:58 pm -

    This didn’t work for me. I was trying to transfer a balance from my Chase Freedom card but Chase said no way.

  9. Colin Robertson March 22, 2014 at 8:08 am -

    You aren’t allowed to transfer balances from the same issuer, so Chase balances cannot be transferred onto the Chase Slate card. Only balances from other cards.

  10. Dana M. March 29, 2014 at 4:30 am -

    Just got approved for this offer! Free money!!

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