Chase Slate Card Review: No Interest for 15 Months and No Balance Transfer Fees

Feb 6, 2012

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Credit cards are an amazing way to rack up free miles and points very quickly, but you can also get burned if you don’t manage your finances appropriately. The APRs on most mileage earning credit and charge cards are usually very high and if you are carrying a balance, the interest you pay can easily negate the value of any points earned.

As much as I preach about not carrying balances, I also realize that it’s easier said than done. Out of college I carried a balance for several years as I struggled to get my finances under control (and adjust to paying insane NYC rent and cost of living). I remember always seeing credit cards that offered “No interest on balance transfers,” but in the fine print it almost always stated there was a fee for balance transfers – like 3% or more of the total amount of the balance.

Although card that have these promotions aren’t for the experienced mileage collector who is looking to pad their account balances, they should be an option for anyone looking to make a smart financial decision to work on paying off existing balances since that’s a huge part of your credit score. Chase has Blueprint, which is a program designed to help you understand your finances create an action plan to pay off your balance.


Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points


CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Intro APR on Purchases
Regular APR
15.99%-22.99% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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