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Chase re-launches Slate

By Jeanine Skowronski ·
Friday, April 3, 2015
Posted: 1 pm ET


Chase is giving its popular Slate credit card a makeover.

Effective March 22, new cardholders were given free access to their FICO Score and an explanation of what's driving that score. Chase also redesigned the card, and it will now come with an Europay, MasterCard and Visa, or EMV, chip. And, starting in May, Chase will eliminate Slate's penalty annual percentage rate -- which is a rate that applies to all or part of your balance when an account goes into default.

Why should you care?

A good credit report -- and the score associated with it -- helps you secure financing and receive affordable rates on home, auto and other loans. They're also used by cellphone providers and insurance companies to determine rates, and employers use them to vet new applicants.

Slate's new credit score feature allows cardholders to learn their score each month and track how it changes over time. Its Credit Dashboard (pictured below) shows a person's score over a 12-month period of time. Cardholders will also be able to explore key details from their credit bureau report so they can work to improve their creditworthiness.


According to research conducted by Chase in conjunction with the launch, nearly four-in-10 Americans do not know their current credit score.

The rest of the story

Chase isn't the only issuer jumping on the free credit score bandwagon. Back in February 2014, the Consumer Financial Protection Bureau urged major issuers to make credit scores and related content available for free to customers.

Capital One and Discover offer credit scores to cardholders. Wells Fargo has also offered free credit scores to its customers annually.

New Slate credit cardholders will be able to track their scores on Existing Slate customers will be phased in to the service over time. However, if you're an existing cardholder, and you like the new credit-scoring feature, you can call to request access to the service as well as the redesigned card.

More enhancements may be on the horizon.

"There are a whole host of things we are thinking about beyond the Chase Slate credit score," says Steve Goodman, director of marketing for Chase Slate.

Prior to Slate's re-launch, the card was best known for its generous balance transfer offer -- a 0 percent introductory annual percentage rate, or APR, for the first 15 months and no fee for transferring a balance within the first 60 days of opening an account.

Check out Bankrate's complete Chase Slate credit card review.

Would you choose one credit card over another to get access to a credit score education? Let us know in the comments below.

Follow me on Twitter: @JeanineSko.




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November 27, 2015 at 6:22 pm

So I am a little confused: Is this a Visa or MasterCard backed card? If its neither will I have any problems using it to rent cars, hotels, book travel, etc? I've only had a Visa or MC over the years and I don't want to transfer my balance if i shoot myself in the foot in those other regards later on... any idea?

April 07, 2015 at 10:23 am

To Earl. Such a device ALREADY exists and has for several years. We bought card holders that have a metal foil shield surrounding the area where the cards are! The technology does exist and is being used by the crooks TODAY!

Jerome A. Pittman, Sr
April 07, 2015 at 8:31 am

Thank GOD and you also for this, it really will help the less fortunate.

Suzanne M
April 07, 2015 at 6:20 am

The EMV cards will be much more secure than
today's magnetic strip cards. The reason is
that they will encrypt your credit card
information when it's used at the point-of-sale
device. It's also encrypted from there all the
way across the network to the credit card
company which pays the merchant (but credit card
data in transit is encrypted today, too).

The EMV card number encryption will be different
every time you use the card, so it will be
much, much harder for anyone to steal that card

The hackers that committed the
big Target and Home Depot breaches and got all
those credit card numbers did it by inserting
malware into the point-of-sale devices. The
malware let them pull the credit card numbers
right out of the device's RAM, where they sat in
the clear. Since the numbers weren't encrypted
while in RAM, they were easy for the hackers to
steal. Last year, more than one billion data
records were stolen from around the world—
the largest number yet. But there were many
fewer breaches in Europe than in the U.S.
because EMV cards are standard there.

Frank Gaydos
April 07, 2015 at 12:13 am

I like the credit report feature and will ask for it in the near future.

Anna G
April 06, 2015 at 11:03 pm

For Richard S--Found out at our local Costco that in 2016
they will be switching to Visa--BUT, you will have to apply
for Costco's Visa Card!

April 06, 2015 at 10:15 pm

I already have a Chase card, and I'm happy with it as is. I can get my credit score free by asking for it on line. I will not want one with a chip in it. Why make it easier for the hackers as they won't have to rely on double swipes or hacking secure (?) web sites. Some enterprising individual will figure out how to make a scanner that will scan the chip while the card is in your pocket.

April 06, 2015 at 8:53 pm

Costco has gone with Citibanks credit card not Chase

Richard S
April 06, 2015 at 7:46 pm

I have had a chase card for years but it took the back seat to my American Express because I shop at Costco and it also works at their gas pumps. I understand that costco is going with another card next year. I'm wondering if they are going with chase and if so will I need to upgrade my chase card and get it out from storage. The credit report feature sounds great as well.