The main feature of the Chase Slate is the balance transfer ability. The card doesn’t come with a typically sign up bonus, but it does let you transfer balances to it and offers a 0% APR for 15 months. Other than that though, there isn’t much of a benefit of holding this card long term. There is one feature that this card has that no other Chase card offers though, and that is an actual FICO score. The other Chase cards do offer some sort of credit monitoring, but it is more so a Vantage 3.0 score through Chase’s credit journey.
It looks like the FICO feature on the Chase Slate may be a thing of the past. Starting on June 9th, 2019, the FICO feature will be replaced with Chase’s Credit Journey instead.
It seems that this is just one of those bad trends that one credit company takes, and the rest will follow. Not too long ago, American Express has gotten rid of its FICO score feature too (though sometimes it does show up, so it’s hard to say in this case). Either way, the free FICO score was pretty invaluable information, as it’s the score that lenders actually use when they make credit decisions, such as opening credit cards or getting any type of loan.
The Vantage 3.0 score is nice in that it may give you a general picture of your score, but it just isn’t accurate enough to rely completely on. Some issuers still do offer actual FICO scores, which are beyond helpful.
If you happen to have a Chase Slate card, and have already paid down the transfer bonus from signup, it may just be worth product changing to another Chase card, such as the Freedom or Freedom Unlimited.
What do you think of this negative change? How do you get your FICO score? Let us know below!