Another Chance for a No Fee Balance Transfer

I always write about any possible no fee balance transfer I see. It’s probably the most exciting news that ever comes out of the otherwise dull balance transfer world.

And so here we go again (you’d think we aren’t in a recession).

Earlier this week, Chase revealed a new bonus related to their Slate credit card, which comes with 0% APR on both purchases and balance transfers for up to 15 months.

For a limited time, they’re offering a $75 statement credit if you spend $300 in the first three months from account opening.

As always, “spending” means qualifying transactions, which include both standard purchases and balance transfers.

$75 Bonus Offsets 3% Balance Transfer Fee

So with this offer, you can balance transfer up to $2,500 to the Chase Slate credit card and completely offset the 3% balance transfer fee.

Sure, it’s not the traditional no fee balance transfer offer of a few years ago that is now essentially extinct.

But it’s pretty much the same deal in the end.

And you could even argue that it’s better, given the fact that any transferred amount below $2,500 will net you some positive gains.

If you’re interested, you can apply here (offer expired).

Chase Freedom Maybe Sweeter

Keep in mind that Chase has a slightly sweeter deal in its Chase Freedom credit card.

You get $100 cash back after spending (transferring) $500 within the first three months.

So you get another $25, or the ability to transfer $3,333 while offsetting the entire 3% fee.

The only downside to this offer is the promotional 0% APR period is just 12 months.

In summary, there are still a ton of great balance transfer offers available, despite all the economic woes that continue to rattle our economy.

So now could be one of the best times to transfer a high-APR credit card balance. And doing so could save you thousands in credit card finance charges.