Chase Slate Adds No penalty April Feature

Chase Slate Adds No penalty April Feature -

Chase Slate, our # 1 rated transfer card balance, just added a new feature. Now, cardholders will no longer see their interest rate increase if they pay late for some reason. Many cards impose a penalty in April after just one late payment, but Chase Slate will never increase your APR for late payments. This without penalty function in April can save you a ton of money if you tend to be late with your payments, but it is just one of many fantastic components of Slate.

This addition to the non-punishment of April, you will not pay a cent in annual fees with Chase Slate. And 15 months 0% Intro APR on balance transfers and purchases means that you will not pay interest for more than a year. The 0% introductory APR can save you a good amount of money if you transfer balances from other high APR Chase Slate card. This is because with a 15 months 0% Intro April period you have enough time to pay off your balance without incurring interest charges. You can even think of it as a free loan for 15 months, because it gives you the opportunity to reduce (or even eliminate) your balance without paying a penny in interest charges.

One of the biggest benefits of the Chase Slate is he no balance transfer fee . Most credit cards charge a percentage of the balance (usually about 3%) to transfer your balance on their card. Not Chase Slate. If you transfer your balance to another card in the first 60 days, you do so entirely free. This can save you a good amount of cash, balance transfer fees can easily add up to something you did not expect to pay.

The 15 months 0% Introductory APR also extends to purchases , so you can use Chase Slate to help pay for major expenses or small who return without being bogged down by interest payments. It is a great way to take a well deserved holiday or pay for a car repair that gives you some flexibility to repay without incurring interest charges for more than a year.

Anyone carrying balances on other credit cards with high interest rates should seriously consider Chase Slate. Its no annual fee, no fee balance transfer and 15 months 0% Intro APR make a card worth it, especially if you want a break on your current balances of credit cards. Furthermore the intro period of 0% APR will allow you to make payments without interest against your transferred balance, allowing you to pay down over time.

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