Chase Slate Credit Card Review of Benefits

The Slate from Chase credit card is a well known credit card, mainly for its ability to help you pay down your debt faster through a combination of introductory rates and the Blueprint feature.

This credit card is best used by those who just want a normal sort of credit card that won’t force people to pay through the nose for the privilege. It’s useful for those who want to pay down an old balance on another card, make a large purchase to be paid off or for day to day use. If this sounds like something you would be interested in, what should you know about the Slate from Chase?

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Do You have a Blueprint for Your Debt Repayment? The Slate Does!

One of the big problems with credit cards and other debt is paying it off; after all, it’s another bill to pay. In the case of credit cards, it can feel like you’ll be paying that bill for ages because of things like interest rates, fees, and more importantly, no real concrete plan to pay down the debt. The Slate from Chase seems to have realized that—as other cards from Chase have—and this is where the Blueprint feature comes in. This feature is one of the main perks of the Slate card, as well as others like it from Chase.

Basically, the Blueprint feature gives you the plans you need to pay down your balance faster using your monetary situation as a guideline. There are four options for paying down your debt:

Full: Pay no interest on selected purchases like groceries, gas or prescription drugs if you pay them in full each month, even if you already have a balance. Basically you’ll be paying down your card every month.

Split: Pay off big purchases on the terms you deem best. You can set the number of payments or monthly payment amounts and then Chase will show you on your statement what you’re playing.

Finish: This option gets you to set an end date for your current balance. Chase then figures out how much you have to pay monthly and updates you on your progress every month.

Track: See how close you are to achieving your goal by tracing progress. You can also view your spending instantly so that you don’t have to bother with a monthly statement.

You can choose any combination of these options as you wish; the overall idea is to create a plan of action whereby you can pay off your debt a little easier.

There are other ways that this card helps you to deal with debt a little more smoothly. The Slate features an introductory rate of 0% on purchases and balance transfers for fifteen months. After that, the rate is one of three numbers, from somewhat low, to somewhat high depending on your creditworthiness. This card also has a 0% balance transaction fee if you do the move within sixty days of opening your account. After that, the standard fee of 3% applies. And of course this card has no annual fee to worry about. All of these things make this card fairly affordable to use and when you pair it with the Blueprint feature, it’s pretty easy to stay on top of your debt!

Other Little Benefits

This card is not a rewards style credit card, so if you’re looking for something like cash back or points, you’re looking at the wrong card. However, you do get a few perks with this card, albeit little ones. These include fraud alerts, purchase protections, additional cards and the ability to auto pay a certain amount on each due date of your credit card. You also have zero liability protection in case your card is stolen and used. These are just little things, but hey, they’re nice to have.

The main benefits of the Slate by Chase are its ability to help you stay on top of this bill through the Blueprint Feature and through low fees and interest rates. So, if you’re looking for a good day to day card, this could be the one for you. You can apply for the Slate by Chase here and enjoy!

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