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The Chase Slate credit card is a no-nonsense card for people who just need a card without any frills. While most cardholders prefer to use a card with rewards of some sort, there are always people who are uninterested in earning cash back, points, or rewards. For those customers, the Chase Slate card is the perfect selection. With a great introductory APR on all balance transfers, no annual fee, and other perks, it makes a great card for those who want to pay off their debts without incurring more credit card debt.

No APR

apr3Any new cardholder who wishes to transfer balances to a new Chase Slate card has the opportunity to do so within two months of opening the account without paying any balance transfer fees. Get those balances transferred in 60 days or less, and you pay nothing to pay your debts. Once you transfer your balances, you pay 0% interest for 15-months. Once your 0% APR period ends, interest accrues for the past 15-months on any balances remaining. Get those balances paid off while they’re free to pay, and you’ll see yourself in a much more appropriate financial situation.

Along with no APR on all balance transfers for more than a year, the Chase Slate card doesn’t raise your APR if you make a late payment. Most cards raise your rate if your payment is even one day late, but this card doesn’t. Depending on your credit history, your APR is anywhere from 13.24% to 23.24% on all purchase and once your balance transfer period expires.

Other Benefits

The Chase Slate card doesn’t charge an annual fee to any cardholder. Some cards offer no annual fee for the first year, but this one offers no annual fee at all. This makes it far easier for you to afford the card since there are no rewards. Another perk is being able to obtain your free FICO score every month. This allows cardholders an opportunity to maintain their credit and keep an eye on their report free of charge every month.

Downfalls

chase-slateThe only downfall to the Chase Slate Card is the lack of rewards. Many cardholders prefer a travel card or a cash back credit card, but this one is more appropriate for anyone who wishes to pay the balances they owe otherwise without being tempted to use the card for other purchases. It makes for a great emergency card, too. It’s for anyone with good to excellent credit. There is no introductory offer rewards, no cash back options, and you don’t earn points or miles on any purchases.

The Chase Slate card is best used when you pay the balance in full each month to avoid interest charges from being charged for any outstanding balances. Use this card responsibly to maintain a high credit score, and be sure to take advantage of the free credit reporting tool every month to ensure your score is where it needs to be to stay good.