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No fee, 0% balance transfer from Chase Slate

Written by Nickel - 4 Comments

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No Fee, 0% Balance Transfer From Chase Slate

Prior to 2009, you could hardly open your mailbox without getting an offer for a no fee, 0% balance transfer from one credit card issuer or another. And then it happened. The economy crashed and the credit markets tightened up. And pretty much every attractive credit card offer dried up.

Over the past year or so, more attractive offers have been coming back on the market, but it’s still relatively rare to see 0% balance transfer offers without a 3-5% transfer fee. Whether you’re looking to make a quick buck or reduce your interest payments, these fees have been a very unwelcome addition.

The good news is that, while fee-free offers are rare, they are not unheard of. For example, the Chase Slate card can help consumers save with a:

  • $0 introductory balance transfer fee
  • 0% introductory APR for 15 months on purchases and balance transfers
  • $0 annual fee


Note, however, that the $0 introductory balance transfer fee only applies to transfers made within 60 days of account-opening. Beyond 60 days, the balance transfer fee is $5 or 5% of the amount of each transfer, whichever is greater.

While the 0% arbitrage game has gone down the tubes ever since bank interest rates tanked, these cards are still a great way to reduce your interest obligations if you’re digging yourself out of debt. Just be sure to stop buying things on credit or you’ll wind up even deeper in debt than when you started.

You also need to be sure that you’ll be able to pay off the balance before the promo period ends or you’ll wind up back where you started. Remember, as the past few years have shown us, these sorts of offers come and go, so there are no guarantees that you’ll be able to find another 0% offer to switch to a year from now.

Published on November 4th, 2011 - 4 Comments
Filed under: Credit Cards

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Comments (scroll down to add your own):

  1. Any idea if this would apply to an existing account holder?

    Comment by Anonymous — Nov 5th 2011 @ 11:52 pm
  2. A similar offer may be available to current account holders.

    I have a Chase Freedom card and just got a no-fee transfer offer in the mail. It came with a 3.99% rate for one year.

    Comment by Anonymous — Nov 7th 2011 @ 1:19 pm
  3. My average credit score is 750 which is considered excellent in most cases, but Chase has decided that I am “average” since I only qualified for $5K credit limit and an APR of 21.99 and only 6 months promo period. I dont have high debt and I make a great salary. I take my credit very seriously and continuously monitor my credit. Only mentioning all of this to point out that Chase is running some sort of false-advertisement with this promo.

    Comment by Anonymous — Jan 31st 2012 @ 3:28 pm
  4. I have an odd issue… I recently did a balance transfer to my existing Chase Slate card. The terms stated that I would have to pay a 3% fee, and it was charged accordingly. I check my accounts today, a month after this transfer, and find that I’ve been credited the fee back! No other things seem to be out of order. Completely stumped on this one.

    Comment by Anonymous — Mar 3rd 2012 @ 5:42 pm

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