A Clean Slate with Chase: Slate

Summary: The Chase Slate card is a no-frills card that, combined with Blueprint, can help users pay down their balances faster. With great introductory and balance transfer rates it is easy to go from large balances to no balance in the blink of an eye.

Life seems to have a way of creeping up on us when we least expect it. Unforeseen expenses pop up, emergencies happen, and sometimes the only way to pay for them is by credit card. But when you have the Chase Slate card at your side, you will be able to manage those unforeseen expenses with ease, helping to make your financial life a bit easier. Its simple, no fuss design makes it the perfect go-to card in case of emergency.

Chase has designed the Slate card for those with a good to excellent credit rating, and uses a tiered pricing structure to determine the applicant’s APR. The main factors in determining which tier the applicant falls under are their credit history and credit score. Chase currently has three pricing tiers; Elite, Premium, and Standard, and the APR’s for each tier are as follows: 13.24% variable for Elite; 17.24% variable for Premium, and 22.24% variable for Standard.

The Chase Slate card features a zero percent introductory rate for both purchases and balance transfers for twelve months for those that qualify for Elite or Premium pricing. Standard pricing cardholders will qualify for zero percent interest on balance transfers for six months. Chase Slate has no annual fee, so that all your payments go toward paying your balance down instead of paying to use the card.

The Slate card also come standard with Blueprint by Chase. This amazing set of tools allows you to stay on top of your debt and learn how to pay it off. One of the best features of Blueprint is Full Pay. When using Full Pay, you can select the categories of purchases, like gas or groceries, that you want to pay in full every month. As long as you make your Blueprint payment before your payment is due, no interest will be paid on those purchases. Even if you carry a balance, interest will only be applied to the purchases that are not a part of Full Pay.

The other features of Blueprint are Split, Finish It, and Track It. Split is designed to help you set up a payment plan for specific, larger purchases while Finish It applies the payment plan to your entire balance. Track It categorizes your purchases, whether it be gas, groceries, or dining out, and separates them so that you can see where your money is being spent. The nice thing about your enrollment in Blueprint is that it isn’t set in stone. You can change your settings to meet your financial needs from month to month without penalty. And as long as you pay at least your minimum due before your due date, your account will stay in good standing.

The Slate card also has great additional benefits provided to you at no extra cost, just for being a Chase cardholder, like:

• 24/7 Fraud Monitoring - Your account is monitored for suspicious activity and reported to you as necessary.

• Zero Liability for Unauthorized Purchases - Find a charge on your statement you didn’t make? You won’t have to pay for it, though certain restrictions do apply. Be sure to check the details.

• Email and Text Alerts - Not sure when your payment is due? Can’t remember if a payment was made? By using email and text alerts, you will always be on top of your account. While this service is free through Chase, standard text messaging and/or data rates may apply.

• Global Acceptance - The Chase Slate card is co-branded with Visa, so it's accepted in 26 million locations worldwide in over 150 countries, easily covering you in the event of an emergency.

The biggest drawback to this card is the lack of a rewards program. This card was designed for the credit card user who either uses credit sparingly or who wants to pay down a higher balance from elsewhere. There are also other cards out there that have a lower APR; while Slate cards do have a lower rate than some, they certainly are not the lowest. Knowing what you want and need in a credit card will help you determine whether the Chase Slate card is right for you.

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