Morning everyone!
I was recently approved for a Chase Slate card. There's a BT offer I would like to take advantage of, but somewher I have read that there would [could?] be an issue with interest kicking in if you make a purchase after you do the BT?
What can I do if I want to transfer a balance, but also charge some collections balances to the card? Should I charge the collection balances first and then BT? Or even if I do it that way I am subject to raising the interest on the BT offer?
Thanks a bunch ( in advance 
)
J
Never heard of such of thing. Discover didn't work that way, and I doubt Slate would, either.
OP, any time you make a BT, that goes into a specific bucket on your card, with the APR applied.
If you add charges, or a different APR offer to the same card, those go into a bucket for each of those, with a specific APR and time period. Adding a new bucket does not directly "terminate" any existing bucket.
When you pay, your minimum payment is applied first to the lowest APR, so your 0% BT.
Amounts over the minimum payment are applied to the highest APR balances first, then as those are paid off, apply to lower APR stepping down toward the 0% APR.
With Chase, you can set your Slate with Minimum Payment as the auto payment, the other option being Pay Full Balance, which you won't select.
Then, go to your Blueprint settings, and select the Full Pay option. Select all the Categories in there, and new swipes will be added to your miminum payment, building a Blueprint Payment that keeps those new swipes from getting interest cost. This means you can use the card for regular spend you know you can PIF, without affecting the Balance Transfers.
If you add collections charges to the Slate, you probably intend to pay those over time, as well as the BT over time, so you can use the Finish It option in Blueprint to add yet another component to your Blueprint Payment.
Do you have another card to charge the collections items to? Reason to ask is you can potentially put the collections charges on that other card if it is outside Chase, then include it in your overall BT onto the Slate resulting in a lower APR than if you just swipe onto the Slate (unless there is a 0% APR on spend during the first year, then swipe away) This may not be what you want to do if you will be paying off the collections charges in a few months.
@Anonymous wrote:
@sr383 wrote:Never heard of such of thing. Discover didn't work that way, and I doubt Slate would, either.
Most 0% deals on NEW accounts are 0% on purchases AND BTs. Usually on an existing account, when you take advantage of a 0% offer for a BT after your initial deal on application, your purchases are at whatever interest rate you have on your account at the time.
Discover works for me that way now. I called to ask for a lower APR, they offered a 0% APR on purchases for a year. Took a 0% BT offer as well, so the BT and the spend live quite happily on the same card.
With BofA, I can charge and pay to keep the new charges from picking up interest. Only US Bank gives me trouble with interest on new charges when a BT is in place, so I just don't use US Bank for any new charges if there's a BT in place. Chase regular cards with a BT? Definitely can use for charges, if Slate, Freedom or CSP.