Digital News Report – Balance transfer credit cards are popular this time of year. Chase has been advertising their Slate card for balance transfers.
This is not a credit card for bad credit customers. The bank offers terms for people with good credit and average credit scores. Customers with good credit can expect 12 months of zero percent interest on both purchases and balance transfers. Customers with an average score get six months.
After that the rate is variable between 11.24% or 17.24% customers with a good credit history. The interest rate will be higher for those with an average score.
Customers can avoid paying interest on certain categories you choose when you pay them in full.
The bank is trying to make it easy for their customers. Cardholders can pick a goal date and the bank will do the math to figure out a monthly payment schedule.
Chase has patented a fraud protection plan. There is zero liability policy with email and text alerts.
There is no annual fee.
By Tina Brown