However, the Chase Slate Edge gives you more control over this rate than the average credit card. Card rates and feesĪfter your intro APR period ends, you’ll face the Chase Slate Edge card’s ongoing variable APR of 19.24% to 27.99%, depending on your creditworthiness. If you then made the same payment of $300 per month payment, your balance would be paid off in just under 18 months and your only cost would be the $150 balance transfer fee. If you transferred your balance within the first 60 days, you’d pay a 3% balance transfer fee of $150, bringing your total balance to $5,150.
At this rate, it would take you 20 months to pay off your balance, and you’d fork over around $964 in total interest payments.Īs you can see if you try out our balance transfer calculator, if you transferred your balance to the Chase Slate Edge card instead, you could be debt-free in a little under 18 months and save nearly $814 in interest payments when you account for the balance transfer fee. To get a sense of how much you can save by taking advantage of this Chase balance transfer offer let’s say you owe $5,000 on a credit card with a 21% APR and you’re currently paying $300 per month to get out of debt. And since all of your payments will be going toward your principal balance for the first 18 months, you can get out of debt faster. Having 18 months worth of breathing room to finance new purchases or chip away at card debt while paying no interest will still save you a significant amount of money. Bank Visa® Platinum Card which carries a 0% intro APR offer on balance transfers for a 18 billing cycles (a variable APR of 18.99%-28.99% applies after that). Now that it has increased to 18 months, the card is positioned to be much more competitive with similar cards. Previously, the card came with only a 12 month introductory APR period. The card offers a 0% intro APR on new purchases and balance transfers for your first 18 months, after which a variable APR of 19.24% to 27.99% applies (about the average credit card APR range). See related: How do balance transfers work? Current intro APR offerĪlthough the Chase Slate Edge no longer carries some unique features for a balance transfer card, it could be a solid option if getting a competitive intro APR period is your top priority.
While you may need to do the math and put together a debt payoff plan to see if the Chase Slate Edge makes sense for you, you’ll likely find that perks like credit educational tools and a chance at lowering your ongoing APR can’t make up for the card’s limited long-term value. With a revised intro APR offer, the Chase Slate Edge could be the balance transfer card you need in your wallet. Although the Chase Slate Edge no longer offers a cash bonus offer, you can lower your ongoing APR and be eligible for a credit line increase when you meet the card’s minimum spending and on-time payment requirements. The newest balance transfer credit card from Chase, the Chase Slate Edge, comes with an array of unique features that set it apart from others in its category.
0 kommentar(er)
