Verdict: Slate(SM) from Chase can be a good card for those who like to micro manage their finances. This card allows you to separate out larger items from the smaller purchases on your statement, so that you can avoid paying interest on every day items. Slate also has a 0% introductory APR for a full year after signing up. The downside to this card is the lack of a rewards program.

Overview:

Slate(SM) from Chase is anything but a traditional credit card, solely because of the Blueprint program. It appears as though the new Slate card was designed around the idea that some customers want more customization when it comes to repayment and tracking of their balance. For this reason, they released the Slate Blueprint card that allows customers to customize their payment terms to their liking. Everyone uses their credit card a bit differently, which is why it perplexes me that most card companies don’t have a program like this already.

For those of us who use our card for large purchases we with to pay off over time, and smaller every day items, this card provides more control over what you want to pay off, which can result in paying less interest over time.

How This Card Works:

Although it may sound complicated, using the Slate(SM) from Chase credit card is fairly simple. You have several options to choose from:

• Full pay. With this option you can avoid costly interest charges on particular items by paying in full. Items that fit into this category will be separated from the rest on your statement.
• Split. This option gives you the ability to payoff large purchases on terms that best suit you. You have the ability to set a monthly payment or a goal date in which you want to have the item paid off by.
• Finish it. This allows you to pay down your balance as quickly as possible. You set a goal or date, and we make sure you stay on track.
• Track it. Chase Slate gives you the ability to track your progress, while also seeing how close you are to reaching your goals.  

Membership Benefits:

To fully understand the most important benefits of the Slate(SM) from Chase, you do not have to look any further than the “How This Card Works” section above. The main benefit of the card is the ability to customize payment terms to best suit your financial situation.

Also, don’t overlook the benefit of having a tracking feature. This is not something that directly saves you money, but being able to see the progress you are making allows you to stay the course until you reach all your goals. 

Pros:

• Zero percent introductory APR.
• No annual fee.
• The ability to customize your “blueprint” for free.
• Separate items on your bill so you can pay some in full while leaving others.

Cons:

• Chase still sets the terms at which you have to abide. In other words, no matter what purchases carry over you still have to pay interest.
• Some people will see this as a “plain Jane” credit card disguised as something more.
• No rewards program.

Fees

There is no annual fee associated with Slate(SM) from Chase. Some fees to be aware of include: three percent of the amount of each balance transfer; three percent of the amount of each cash advance; late payment fees of up to $39; and an over-credit-limit fee of $39.

Apply for Slate(SM) from Chase.

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