Chase Slate

[Anonymous]

Hello myFICO family!

I am looking into applying for the Chase Slate for the BT offer, and had a few questions for those who have had experience with the card. What attracts me to this card is the $0 BT fee - better then 3% fee charge. 

Normally when I do a BT I always use my Citi card; however, I do not have any BT offers at the moment. Not only do I utilize a BT offer, but I have the money direct deposited into my checking account, that way my other CCC do not know that I am using a BT to pay off the balance. (You know, you do not want your right hand to know what your left hand is doing). I also pay off the balance before the terms are up for the 0% (that has never been a problem). 

My concerns and questions for the Slate are as follows: I have read on different sites that the Slate does not give high SL (greater than $7K, mostly in the $1K-$4K limits), as this would be a problem since I am looking to transfer $9K onto the card - Is this true? I have also read that they will only allow you to transfer up to 90% of your CL for BT - is this also true? I am concerned that Chase will not allow me to transfer the money into my checking account and use the money that way. I do not wish to actually have balances transferred to the account, I like seeing only one large transactions that include all balances not multiple. Plus I do not think some of my CCC would take kindly to a BT transaction. 

Being approved for the card is not a problem, it is just what will my SL look like. I am willing to move some of my Rtiz CL to the Slate if I actually do apply for the card, receive a low SL, and I am able to utilize BT in the way that I am accustom. My current uti is 19% - I just do not want to pay any interest on my balances. I DO UNDERSTAND that majority of Chase's credit decisions heavily relies on its internal score. I do bank with Chase. I only have one Chase CC - Ritz, which my SL is $13.5K. Income is $45K. 

I welcome any and all advice, criticism, or any further inquiries. My current scores are in my signature. 

[sccredit]

I have the Slate with a $13.5k limit so I wouldn't say that they only give low limits.  

[Anonymous]

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@sccredit wrote:

I have the Slate with a $13.5k limit so I wouldn't say that they only give low limits.  

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Thank you for your response! Was that your SL? Also, if I may ask, is your income much higher than mine?

[Skye12329]

They will only allow 90% of limit to be used as BT. When I applied they gave me $600...however this was because my other chase cards has a balance of 50% each they said. My freedom has a 4k limit and csp 5k. So they gave me slate with $600. Income is 42k.

[Anonymous]

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@Anonymous wrote:

Hello myFICO family!

I am looking into applying for the Chase Slate for the BT offer, and had a few questions for those who have had experience with the card. What attracts me to this card is the $0 BT fee - better then 3% fee charge. 

Normally when I do a BT I always use my Citi card; however, I do not have any BT offers at the moment. Not only do I utilize a BT offer, but I have the money direct deposited into my checking account, that way my other CCC do not know that I am using a BT to pay off the balance. (You know, you do not want your right hand to know what your left hand is doing). I also pay off the balance before the terms are up for the 0% (that has never been a problem). 

My concerns and questions for the Slate are as follows: I have read on different sites that the Slate does not give high SL (greater than $7K, mostly in the $1K-$4K limits), as this would be a problem since I am looking to transfer $9K onto the card - Is this true? I have also read that they will only allow you to transfer up to 90% of your CL for BT - is this also true? I am concerned that Chase will not allow me to transfer the money into my checking account and use the money that way. I do not wish to actually have balances transferred to the account, I like seeing only one large transactions that include all balances not multiple. Plus I do not think some of my CCC would take kindly to a BT transaction. 

Being approved for the card is not a problem, it is just what will my SL look like. I am willing to move some of my Rtiz CL to the Slate if I actually do apply for the card, receive a low SL, and I am able to utilize BT in the way that I am accustom. My current uti is 19% - I just do not want to pay any interest on my balances. I DO UNDERSTAND that majority of Chase's credit decisions heavily relies on its internal score. I do bank with Chase. I only have one Chase CC - Ritz, which my SL is $13.5K. Income is $45K. 

I welcome any and all advice, criticism, or any further inquiries. My current scores are in my signature. 

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If you have 45K income and 13.5K line from Chase, I would say you possibly have more room to go with Chase. Except you recently applied a lot other lines (more than 2 in the past 6-12month), they may reject or issue you a relatively low CL. BTW, if you are interested in BT, why not think about CITI Diamond something card? I got that offer every week, 0%APR BT for 21month, seems better than Slate. 

Anyway, don't do too much BT. 

[Anonymous]

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@Anonymous wrote:

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If you have 45K income and 13.5K line from Chase, I would say you possibly have more room to go with Chase. Except you recently applied a lot other lines (more than 2 in the past 6-12month), they may reject or issue you a relatively low CL. BTW, if you are interested in BT, why not think about CITI Diamond something card? I got that offer every week, 0%APR BT for 21month, seems better than Slate. 

Anyway, don't do too much BT. 

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Thank you for your response! I will look into the CITI Diamond Preferred (I think it is called). I was mainly looking at the Slate due to the $0 BT fee. I can reduce my BT balance to $7k if that would bring less suspension and less eyebrows raised on me. 

EDIT: I have opened 3 new accounts in the past few months. 

[scorewatcher7]

If you really need to move balances to lower your monthly payments then you should try not to focus so much on how CCC feel about it. The impact on them is minimal compared to the impact on your ability to pay off the card in a more timely manner.  I'm like you in the respect that I don't want to transfer balances because I think it might damage my relationship with the CCC, so its really about necessity. If you want a lower APR, you can't concern yourself with them. Also, any portion of balances you can transfer to a lower APR is better than the alternative. I'm sure you already know this. I can't help you directly with how Chase handles the whole process, but in the end its your finances and I wouldn't let a process get in the way of saving money if it didn't make a difference. 

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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If you have 45K income and 13.5K line from Chase, I would say you possibly have more room to go with Chase. Except you recently applied a lot other lines (more than 2 in the past 6-12month), they may reject or issue you a relatively low CL. BTW, if you are interested in BT, why not think about CITI Diamond something card? I got that offer every week, 0%APR BT for 21month, seems better than Slate. 

Anyway, don't do too much BT. 

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Thank you for your response! I will look into the CITI Diamond Preferred (I think it is called). I was mainly looking at the Slate due to the $0 BT fee. I can reduce my BT balance to $7k if that would bring less suspension and less eyebrows raised on me. 

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Maybe you can consider both. With $7K balance, I think CC company wont give you really high limit for this type of card. 

[Skye12329]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

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If you have 45K income and 13.5K line from Chase, I would say you possibly have more room to go with Chase. Except you recently applied a lot other lines (more than 2 in the past 6-12month), they may reject or issue you a relatively low CL. BTW, if you are interested in BT, why not think about CITI Diamond something card? I got that offer every week, 0%APR BT for 21month, seems better than Slate. 

Anyway, don't do too much BT. 

---

Thank you for your response! I will look into the CITI Diamond Preferred (I think it is called). I was mainly looking at the Slate due to the $0 BT fee. I can reduce my BT balance to $7k if that would bring less suspension and less eyebrows raised on me. 

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Maybe you can consider both. With $7K balance, I think CC company wont give you really high limit for this type of card. 

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Its always a YMMV sometimes you get a great limit other times not so much. However as mentioned with recent approvals and such. My biggest question would be how close are you to Chases internal limit? That could be a factor if you go with Slate.

[Anonymous]

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@Anonymous wrote:

Hello myFICO family!

I am looking into applying for the Chase Slate for the BT offer, and had a few questions for those who have had experience with the card. What attracts me to this card is the $0 BT fee - better then 3% fee charge. 

Normally when I do a BT I always use my Citi card; however, I do not have any BT offers at the moment. Not only do I utilize a BT offer, but I have the money direct deposited into my checking account, that way my other CCC do not know that I am using a BT to pay off the balance. (You know, you do not want your right hand to know what your left hand is doing). I also pay off the balance before the terms are up for the 0% (that has never been a problem). 

My concerns and questions for the Slate are as follows: I have read on different sites that the Slate does not give high SL (greater than $7K, mostly in the $1K-$4K limits), as this would be a problem since I am looking to transfer $9K onto the card - Is this true? I have also read that they will only allow you to transfer up to 90% of your CL for BT - is this also true? I am concerned that Chase will not allow me to transfer the money into my checking account and use the money that way. I do not wish to actually have balances transferred to the account, I like seeing only one large transactions that include all balances not multiple. Plus I do not think some of my CCC would take kindly to a BT transaction. 

Being approved for the card is not a problem, it is just what will my SL look like. I am willing to move some of my Rtiz CL to the Slate if I actually do apply for the card, receive a low SL, and I am able to utilize BT in the way that I am accustom. My current uti is 19% - I just do not want to pay any interest on my balances. I DO UNDERSTAND that majority of Chase's credit decisions heavily relies on its internal score. I do bank with Chase. I only have one Chase CC - Ritz, which my SL is $13.5K. Income is $45K. 

I welcome any and all advice, criticism, or any further inquiries. My current scores are in my signature. 

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It seems like I saw somewhere that chase has a limit on how much they are willing to let you deposit into your account for balance transfers. I believe it's around $5K.