NextAdvisor. com was present at the New York headquarters Chase last week when the company officially unveiled updates to its map of Slate. Generally considered one of the currently best balance transfer credit cards available, Chase redesigned the look of the Slate card and added some features that are designed to help customers better keep track of their credit health.
What is the offer to update the Chase Slate card?
Chase Slate is the first credit card offered by Chase to include a FICO credit score, which will be updated on a monthly basis. The credit score is provided by Experian, one of the three major credit bureaus - the others are Equifax and TransUnion. Chase joined Barclaycard and Discover as the major credit card providers that offer customers a FICO score on their monthly statement. But Chase is not only shows you a score, it is also available up to 12 months in the history of your FICO score to give you an idea of your progress on a stretch of time, from the month when you apply and are approved. Current customers will have their accounts updated in the coming weeks to integrate the new information, while new customers will immediately after approval. Current customers can call Chase and request features improved earlier too.
Chase also added a credit dashboard that provides information on why the score of a customer is the way it is. Although not as detailed as the full credit report, the panel will provide a summary of your report and explain the factors that determine a credit score, including payment history, the age of your credit and debt ratio -credit. There are no plans to expand the score and credit dashboard FICO program to other Chase credit cards, but the leaders noted that it was possible in the future.
What are the Chase Slate features already come up with?
The Chase Slate card offers 0% Intro APR on purchases and balance transfers for the first 15 months you have the card. Another great feature is that new customers have 60 days to transfer a balance from their Slate card without having to pay balance transfer fees or 5% of the total transfer thereafter. This means you can save $ 300 in costs if you transfer a balance of $ 10,000 at Chase Slate. The card comes with no annual fee, and unlike many credit cards that offer a 0% introductory APR on balance transfers and purchases, customers must do "good" credit to qualify for Chase Slate.
Visit our Chase Slate magazine to learn more about this updated.
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