Executive Summary -
In our wrap up of this review, we look at whether this is a good card or not. To summarize, we think this card will appeal to those looking to do a balance transfer and is also most suitable for folks who would like to track and manage their credit card payments. It presently has the best balance transfer deal at the moment because you do not have to pay any balance transfer fee during the first 60 days of your card membership.
At first glance, this card appears to be just a vanilla card. But there are a few good features going for it.
Blue Print is great for folks who need help in managing credit
- Many folks get a credit card, and then get into trouble because the easy availability results in over spending. Sometimes, people simply pay the minimum without realizing how much interest they are paying. The CARD Act and new disclosures help a bit.
If you are the sort of person that carries a balance (either frequently or occasionally) and want some guidance and help in paying off your credit card bills and balances, then this card (and cards from Chase) would be something that could help you and be useful.
No Balance Transfer Fee for 60 Days
- If you are looking for a 0% deal for balance transfers or purchases, then this would also be a great card to consider at the moment. At present, you do not have to pay a BT fee if you transfer a balance during the first 60 days (you get 0% Intro APR for both purchases and balance transfer for 15 months).
Should We Get The Chase Freedom Visa Instead?
- One of the most frequent questions we get asked is whether one should get this card or the Chase Freedom Visa? Well, in terms of earning rewards, the Freedom is clearly a better card because you can earn ultimate reward points and it also has the BluePrint feature. If you pay your bills in full every month, then I would think the Freedom rather than Slate would be a better alternative.
But if you are looking for a good balance transfer deal, then this card would probably be more suitable.
At the end of the day, I think this card would appeal to those looking for a good 0% teaser deal or those who would like some help in managing their credit card balances. Their "BluePrint" feature is what makes this card stand out among all other issuers. If the above describes you, then I would say that this is a good card for you.
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