The Slate from Chase has improved from just being a credit card with a not-really-clever “vertical” design to one that is now offering a competitive 0% APR for both balance transfers and purchases for 15 months to those with good to excellent credit. No annual fee.
The fine print does show a balance transfer fee of 3% with a $5 minimum, which is I’m afraid the norm these days, but you should also consider one of the cards below first to see if they fit better.
If you have a smaller balance to transfer, check out the Chase Freedom Visa – $100 Bonus Cash Back that offers 0% APR on balance transfers and purchases for 15 months and a lower 3% balance transfer fee ($5 minimum). On top of that, you can offset the fee with the $100 cash back you get after make $500 in purchases within 3 months. There’s also the rotating 5% back rewards program. No annual fee.
Finally, the longest 0% balance transfer offer out there is the Citi Platinum Select MasterCard with 0% APR interest for 18 months on balance transfers. There is no annual fee and the balance transfer fee is 3% ($5 minimum). The card also includes 0% APR for 18 months on purchases.
Don’t use this as an excuse to fund any crazy holiday shopping sprees, but instead as an accelerant to pay down any balances or carefully-planned large purchases at a lower overall net interest rate. It’s really hard to find any offers with no transfer fees now, but a loan at 0% interest + a fixed fee spread out over 1.5-2 years can be much better than the current average credit card APR of 14.39%. Unfortunately, there are no longer any no fee 0% APR balance transfer offers to arbitrage easy money with.