If you’re like me, not only planning to eat healthier this year, but putting some financial goals in place for 2018, you may be looking at how to reduce expenses and increase income. Who isn’t, right? Chase Slate may be able to help.
If you hold any credit card balances on cards that charge interest, especially those that charge HIGH interest, transferring balances to a 0% APR card is a great option to drop those rates and get the balance paid as quickly as possible.
The catch on some of these GREAT balance transfer offers is that they charge a balance transfer fee. Not Chase Slate.
My favorite card to get rid of pesky interest rates is Chase Slate, because it charges NO BALANCE TRANSFER FEES for transfers made in the first 60 days of opening the card, and it comes with a 0% APR for transfers made within the first 15 months. After that, it increases to 16.49-25.24%.
Chase Slate Review
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Chase Slate is my favorite balance transfer credit card to help you quickly pay down card balances with interest!
To recap, it offers:
- 0% interest for balance transfers for 15 months
- NO Balance Transfer Fees for the first 60 days
- NO Annual Fee
The Best Way to Use Chase Slate
Here is the best scenario to max out this card’s benefits:
- Write down any card balances you are carrying and their current APR (annual percentage rate/interest).
- Apply for the card using the TRAVEL CREDIT CARDS or compare cards link above.
- Move over balances with cards with the highest interest rates first, depending on the amount of credit you are awarded.
- Take your total balance due for Chase Slate and divide it by 15 (15 months of 0 interest) and add that to your monthly bill list to pay every month. This will ensure the entire balance is paid with no interest within 15 months. If you wait until month 16, they add the high interest rate of 16%+ to any remaining balance, which you definitely DO NOT want to happen.
Chase will not approve you for any of their cards if you have been approved for five or more cards in the last 24 months (some business cards are excluded from this), and often if you have applied for another of their cards within 30 days.
So… if you want to earn the Southwest Companion Pass so one person can fly free with you for up to two years, that is most easily earned by applying for two of Chase’s Southwest cards. Be sure you have applied for those first, and perhaps Chase Sapphire Preferred, another of my favorites whose points instantly transfer to Southwest at a 1:1 ratio, before applying for Chase Slate.
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