Chase Slate 0% Intro APR Reduces Net Debt Cost by $800 on $6,000 Balance

A $6,000 credit card balance transferred to the Chase Slate can save a borrower roughly $800 in net costs. This saving is the result of a 0% intro APR on balance transfers and purchases for 21 months. The card carries no annual fee. To move a balance, the user pays a balance transfer fee of either 5% of the transfer amount or $5, whichever is greater. On a $6,000 balance, the fee is $300. A balance of that size at a 20% APR would cost roughly $100 per month in interest. Over 21 months, the interest avoided is roughly $1,100. The net savings is around $800.