Chase Slate Review: A Cheap Way to Pay Off Credit Card Debt

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.

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chase slate

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The average U.S. household has $6,662 in credit card debt with an interest rate of 13.61% APR, according to a recent Student Loan Hero study.

Assuming a minimum payment of $133 — or 2 percent of the balance — it’d take you a little more than six years to pay off that debt. Plus, you’d pay $3,239 in interest along the way.

In some situations, the combination of high interest rates and low minimum monthly payments might mean you’ll never pay off your credit card completely.

To help you pay off your debt faster and with less interest, the Chase Slate credit card offers a 0% APR promotion and no upfront balance transfer fee. Depending on your credit situation and how much debt you have, though, it might not be the best fit for you.

Here’s what you need to know about this credit card with our latest Chase Slate review.

Chase Slate review

Before we dive into a full review of the card, here’s a quick summary of its benefits and drawbacks:

Pros Cons
  • Offers a 0% APR promotion for 15 months
  • Doesn’t offer rewards such as cash back or travel points
  • No balance transfer fee for the first 60 days
  • Doesn’t allow transfers of more than $15,000
  • No annual fee
  • High interest rate between 15.99% and 24.74% APR after the promotion ends (as of December 2017)
Visit Chase Slate

Chase Slate card details

The Chase Slate offers a 0% APR for 15 months on both purchases and balance transfers. It also comes with no balance transfer fee if you make the transfer within 60 days of opening the account.

Many balance transfer cards charge a balance transfer fee of 3 percent to 5 percent, so getting a card with no fee could save you hundreds of dollars upfront. For example, if you have $10,000 in credit card debt, you’d pay between $300 and $500 on many other balance transfer cards.

The card also offers free access to your FICO score, allowing you to monitor how your score changes over time.

One big drawback to the card is the fact that your balance transfer can’t be more than $15,000 or your available credit, whichever is lower. So, if you get a $15,000 credit limit and have $20,000 in debt, you’ll have to find another way to get a lower interest rate on the remaining $5,000.

Plus, Chase Slate doesn’t offer any credit card rewards, so it doesn’t provide a lot of value once the 0% APR promotion is over.

Chase Slate interest rates and fees

As of December 2017, once the 0% APR promotion ends, your interest rate will be between 15.99% and 24.74% APR for the Chase Slate credit card, depending on your creditworthiness.

The average credit card interest rate is 16.15% APR, according to a November 2017 report by So, unless your credit and financial profile are stellar, it’s likely you’ll get an above-average interest rate.

That said, the card doesn’t charge a penalty APR on late payments. With other cards, the penalty APR can be much higher than the regular purchase APR, making it even harder to get ahead on your debt.

The card also doesn’t charge an annual fee, so you don’t have to worry about losing money on the card.

Chase Slate eligibility requirements

There’s no minimum required credit score to get the Chase Slate, but it’s generally targeted to people who have at least fair to good credit.

Chase also doesn’t publish a minimum income requirement, but it’s legally required to ensure that you have the ability to repay whatever debt you incur on the card.

Visit Chase Slate

Using the Chase Slate online platform

You can access your Chase Slate account through Chase’s website or the Chase mobile banking app. As of November 2017, the app has 4.6 out of 5 stars on both the Apple App Store and the Google Play Store.

If you’re interested in applying for the card, head to the Chase Slate landing page and click on “Apply Now.” If you already have an account with Chase, you’ll have the option to log in so Chase can populate the application with the information it has on file.

If you don’t, the application still takes only a few minutes to complete. You’ll start by sharing your name and address.

chase slate

Image credit: Chase

Next, you’ll enter some financial information, including what type of bank accounts you have, your residence status, and your income and employment information.

 chase slate review

Image credit: Chase

Finally, you’ll fill out some information to keep your application and account secure, including your phone number, email address, date of birth, Social Security number, and mother’s maiden name.

chase slate card review

Image credit: Chase

Once you’ve entered all of your information, you’ll be asked to review Chase’s terms and conditions. At this point, you’ll also be able to add an authorized user and initiate a balance transfer request.

Then, you can submit the application and get a response within a minute. If the application is pending further review, you’ll typically get a response within seven to 10 business days.

Chase Slate customer service

There are mixed reviews about the Chase Slate credit card on Credit Karma.

One customer had a great experience with the application and balance transfer process: “At the time of applying for this card, my credit score was 640, and I was instantly approved for $3,200. I transferred two balances to this card, and the process was smooth, and [the] customer service was excellent.”

Another customer complained they couldn’t get a credit limit increase after receiving a low credit limit initially: “$400 credit limit. I have been a member for 11 and a half years, usually carrying about a $100 balance. I went as far as spending $300 and paying it off once or twice a week for six months. Credit limit increase denied. I had one payment [that was 30 days late] about eights years ago when I switched from [a] bank account to [a] credit union and forgot to update my autopay info. Other than that, 11 years and five months, [and] never a late payment.”

If you have any questions about the Chase Slate before or after the application process, you can reach its customer service team at 1-800-432-3117. Alternatively, you can reach out to its social media team via Facebook or Twitter.

Visit Chase Slate

Chase Slate review: Should you get the card?

Although Chase Slate’s waived balance transfer fee is a solid offer, it isn’t unique. The BankAmericard credit card also offers that feature.

Chase Slate’s lack of rewards is another concern. The Citi Double Cash offers a 0% APR promotion on balance transfers for 18 months and solid rewards that can easily make up for the balance transfer fee.

Whichever card you choose, check out several credit cards with a 0% APR promotion before making a decision. As you compare features and fees, you’ll be in a better position to determine which card is best for your needs.

Interested in refinancing student loans?

Here are the top 6 lenders of 2018!
LenderVariable APREligible Degrees 
Get real rates from up to 4 Lenders at once

Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Laurel Road.

Laurel Road Disclosures

  1. VARIABLE APR – APR is subject to increase after consummation. The variable interest rates are based on a Current Index, which is the 1-month London Interbank Offered Rate (LIBOR) (currency in US dollars), as published on The Wall Street Journal’s website. The variable interest rates and Annual Percentage Rate (APR) will increase or decrease when the 1-month LIBOR index changes.

2 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student Loan RefinanceFixed rates from 3.999% APR to 7.804% APR (with AutoPay). Variable rates from 2.480% APR to 7.524% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.480% APR assumes current 1 month LIBOR rate of 2.07% plus 0.91% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score
  2. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (

3 Important Disclosures for CommonBond.

CommonBond Disclosures

  1. Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). The following table displays the estimated monthly payment, total interest, and Annual Percentage Rates (APR) for a $10,000 loan. The Annual Percentage Rate (APR) shown for each in-school loan product reflects the accruing interest, the effect of one-time capitalization of interest at the end of a deferment period, a 2% origination fee, and the applicable Repayment Plan. All loans are eligible for a 0.25% reduction in interest rate by agreeing to automatic payment withdrawals once in repayment, which is reflected in the interest rates and APRs displayed. Variable rates may increase after consummation. All variable rates are based on a 1-month LIBOR assumption of 2.08% effective July 25, 2018.

4 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Education Refinance Loan Rate DisclosureVariable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of August 1, 2018, the one-month LIBOR rate is 2.07%. Variable interest rates range from 2.72%-8.17% (2.72%-8.17% APR) and will fluctuate over the term of the borrower’s loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a cosigner. Fixed interest rates range from 3.50%-8.69% (3.50% – 8.69% APR) based on applicable terms, level of degree earned and presence of a cosigner. Lowest rates shown require application with a cosigner, are for eligible, creditworthy applicants with a graduate level degree, require a 5-year repayment term and include our Loyalty discount and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty and Automatic Payment Discount disclosures. The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.
  2. Federal Loan vs. Private Loan Benefits: Some federal student loans include unique benefits that the borrower may not receive with a private student loan, some of which we do not offer with the Education Refinance Loan. Borrowers should carefully review their current benefits, especially if they work in public service, are in the military, are currently on or considering income based repayment options or are concerned about a steady source of future income and would want to lower their payments at some time in the future. When the borrower refinances, they waive any current and potential future benefits of their federal loans and replace those with the benefits of the Education Refinance Loan. For more information about federal student loan benefits and federal loan consolidation, visit We also have several resources available to help the borrower make a decision at, including Should I Refinance My Student Loans? and our FAQs. Should I Refinance My Student Loans? includes a comparison of federal and private student loan benefits that we encourage the borrower to review.
  3. Citizens Bank Education Refinance Loan Eligibility: Eligible applicants may not be currently enrolled, must be in repayment of their existing student loan(s) and must make the minimum number of payments after leaving school. Primary borrowers must be a U.S. citizen, permanent resident or resident alien with a valid U.S. Social Security Number residing in the United States. Resident aliens must apply with a co-signer who is a U.S. citizen or permanent resident. The co-signer (if applicable) must be a U.S. citizen or permanent resident with a valid U.S. Social Security Number residing in the United States. For applicants who have not attained the age of majority in their state of residence, a co-signer will be required. Citizens Bank reserves the right to modify eligibility criteria at anytime. Interest rate ranges subject to change. Education Refinance Loans are subject to credit qualification, completion of a loan application/consumer credit agreement, verification of application information, certification of borrower’s student loan amount(s) and highest degree earned.
  4. Loyalty Discount Disclosure: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, or other student loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, and VT and some products may have an associated cost. This discount will be reflected in the interest rate disclosed in the Loan Approval Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  5. Automatic Payment Discount Disclosure: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their student loans owned by Citizens Bank, N.A. during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. Discount is not available when payments are not due, such as during forbearance. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account three or more times within any 12-month period, the borrower will no longer be eligible for this discount.
  6. Co-signer Release: Borrowers may apply for co-signer release after making 36 consecutive on-time payments of principal and interest. For the purpose of the application for co-signer release, on-time payments are defined as payments received within 15 days of the due date. Interest only payments do not qualify. The borrower must meet certain credit and eligibility guidelines when applying for the co-signer release. Borrowers must complete an application for release and provide income verification documents as part of the review. Borrowers who use deferment or forbearance will need to make 36 consecutive on-time payments after reentering repayment to qualify for release. The borrower applying for co-signer release must be a U.S. citizen or permanent resident. If an application for co-signer release is denied, the borrower may not reapply for co-signer release until at least one year from the date the application for co-signer release was received. Terms and conditions apply.
  7. Average savings based on 18,113 actual customers who refinanced their federal and private student loans through our Education Refinance Loan between January 1, 2017 and December 31, 2017. The calculation is derived by averaging the monthly savings of Education Refinance Loan customers whose payments decreased after refinancing, which is calculated by taking the monthly student loan payments prior to refinancing minus the monthly student loan payments after refinancing. The borrower’s savings might vary based on the interest rates, balances and remaining repayment term of the loans they are seeking to refinance. The borrower’s overall repayment amount may be higher than the loans they are refinancing even if their monthly payments are lower.
2.57% – 5.87%Undergrad
& Graduate
Visit Earnest
2.80% – 6.38%1Undergrad
& Graduate
Visit Laurel Road
2.48% – 7.52%2Undergrad
& Graduate
Visit SoFi
2.47% – 7.99%Undergrad
& Graduate
Visit Lendkey
2.57% – 6.65%3Undergrad
& Graduate
Visit CommonBond
2.72% – 8.17%4Undergrad
& Graduate
Visit Citizens
Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.