Slate® Credit Card
- Best for: Paying off a large purchase or a transferred balance over nearly two years
- What Sets It Apart: 21 months at 0% on purchases and balance transfers, with purchase and warranty coverage the Wells Fargo Reflect lacks
- Features: Six months of DashPass; purchase protection for 120 days (90 in New York), up to $500 an item; one extra year on manufacturer’s warranties of three years or less; credit limit review every 6 months or sooner
- Annual Fee: $0
- Intro APR: 0% on purchases and transfers for 21 months
- APR: 18.49% to 28.49% variable
- Cost: Balance transfer fee of 5% or $5, whichever is greater
- Pros: No interest on new purchases or transferred balances for nearly two years; purchase protection and an extended warranty; no annual fee
- Cons: No rewards or cash sign-up bonus; purchase protection capped at $500 an item; the 21 months count from account opening; 18.49% to 28.49% variable APR afterward
Get the Slate® Credit Card if you need close to two years to pay off a big purchase or a balance moved from another bank’s card. Purchases and transfers cost no interest for 21 months, and the card adds purchase protection and an extended warranty. It earns no rewards, so take a cash back card if you’ll pay in full.
The Slate is Chase’s no-annual-fee card for financing furniture, an appliance, or a big repair. It’s a different card from the Slate Edge, which Chase makes for fair credit.
Key Features
- 0% interest on purchases or balance transfers for 21 months after account opening, then a variable rate of 18.49% to 28.49%
- Balance transfer fee of 5% or $5, whichever is greater ($250 on a $5,000 balance)
- No annual fee
- Purchase protection against damage or theft for 120 days (90 in New York), up to $500 an item
- An extended warranty that adds a year to a manufacturer’s warranty of three years or less, covering up to $10,000 an item
Pros
- No interest on new purchases or transferred balances for nearly two years
- Purchase protection and an extended warranty, which the Wells Fargo Reflect, another 21-month 0% card, doesn’t include
- No annual fee to eat into the interest you save
- Automatic review for a higher credit limit every 6 months or sooner
Cons
- No rewards or cash sign-up bonus
- Purchase protection covers at most $500 of any one item, however much it cost
- The 21 months count from account opening, so a later purchase gets less interest-free time
- A variable rate of 18.49% to 28.49% on anything still owed when the 0% ends
The Slate is worth getting for a big purchase or a transferred balance that will take more than 15 months to pay off, since it charges no interest for 21 months. For a payoff within 15 months, the Chase Freedom Unlimited is the better card, because it also charges 0% for that long and earns at least 1.5% cash back.
Learn more about the Slate® Credit Card or see how it compares to the best 0% APR credit cards.
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