[Consolidated] Chase Slate questions

Old Aug 23, 2014, 6:10 pm
  #1  
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Join Date: Dec 2012
Location: ATL
Posts: 177
[Consolidated] Chase Slate questions

Suppose I have 4 cards with around 25k CL with chase. If I apply and get approved for Slate for say 5K, can I move 10K CL from other cards and get 0% on the whole 15k?
mapotofu is offline  
Old Aug 23, 2014, 11:10 pm
  #2  
 
Join Date: Dec 2013
Posts: 175
Yes you can
whitesol is offline  
Old Aug 24, 2014, 4:34 pm
  #3  
 
Join Date: Sep 2013
Posts: 19
Does someone have Slate?

whata does transfer mean?
Can I transfer the money from Slate to my checking account??
or use the checking of Slate to pay the bill?
poorguysanta is offline  
Old Aug 24, 2014, 7:16 pm
  #4  
 
Join Date: Jul 2014
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I assume you are talking about the balance transfer that the card is famous for. It is useful in the case if you want to transfer the balance on a different credit card to the Slate.

You likely will have a period of zero interest that would useful if you are paying interest on another card. Your chase statement for the card will tell you what your interest terms are.

Transferring funds to your checking will likely considered a cash advance meaning you get destroyed by the ~25% APR.

In summary the card is to help you pay down credit card balances faster if you are swimming in it.
Couches is offline  
Old Aug 25, 2014, 12:25 pm
  #5  
 
Join Date: Jul 2014
Location: PHL ILG
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They do have some nice balance transfer checks which you can deposit into your checking account. Usually they have a 2% fee and are good for 0% interest for 12 months.

I have two slates and personally I don't care for them. Unfortunately they are some of my oldest CC accounts so both of them will be sticking around...
mandj is offline  

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