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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Nov 18, 2014 1:36 pm

Vattené wrote:Edited to add: I like CK and use it myself. It is a great way to monitor what TransUnion is saying about you, but realize the score and suggestions are not that meaningful.


Very true.

As a sign of the utter ridiculousness of calling their card advertisements 'advice', they sent me an email ad saying I can balance transfer my week-old $93 Discover statement balance. They say the odds are especially high that I'd qualify for a Slate.

Chase Slate is a card significantly worse (for someone with good credit who pays in full) than any card I've ever had. And CK knows that.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when


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Vattené
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Postby Vattené » Tue Nov 18, 2014 2:02 pm

I am surprised they aren't more targeted given all the information they have on people. I guess they throw those ads at everyone that uses their cards at all?? The ads I get are ALWAYS pushing how much I will "save" over three years just based on the assumption that my most recent statement balances are carried long-term. I always PIF though, so I couldn't be less interested.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

Cre
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Postby Cre » Sat Nov 22, 2014 2:27 am

CarefulBuilder14 wrote:
As a sign of the utter ridiculousness of calling their card advertisements 'advice'... they say the odds are especially high that I'd qualify for a Slate.

Chase Slate is a card significantly worse (for someone with good credit who pays in full) than any card I've ever had. And CK knows that.


I didn't know that! Do tell! Why is Chase Slate significantly worse?

Signed,

"Someone with good credit who pays in full", who happens to have a Chase Slate

(involuntarily, I might add.. the bank changed the card type, not me)
Current Cards:
AmEx Platinum Charge: NPSL, $450 AF
AmEx Reserve Credit: $30K limit, $450 AF
Chase Slate Visa Credit: $32K limit, No AF
Future Strategy:
Near Term: Need a good MasterCard for places that won't accept AmEx or Visa
Long Term: Will downsize out of one or both current AmEx cards to reduce AFs

Cre
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Postby Cre » Sun Nov 23, 2014 12:26 am

Need a definition for EMV ?
Current Cards:
AmEx Platinum Charge: NPSL, $450 AF
AmEx Reserve Credit: $30K limit, $450 AF
Chase Slate Visa Credit: $32K limit, No AF
Future Strategy:
Near Term: Need a good MasterCard for places that won't accept AmEx or Visa
Long Term: Will downsize out of one or both current AmEx cards to reduce AFs

flan
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Postby flan » Sun Nov 23, 2014 10:50 am

Cre wrote:Need a definition for EMV ?


europay-mastercard-visa. typically used to mean the smart card standards that EMV publish and require.

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Vattené
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Postby Vattené » Mon Nov 24, 2014 11:52 am

Cre wrote:I didn't know that! Do tell! Why is Chase Slate significantly worse?

Signed,

"Someone with good credit who pays in full", who happens to have a Chase Slate

(involuntarily, I might add.. the bank changed the card type, not me)

Slate is geared more towards people rebuilding credit. It is a good option for transferring balances, but it offers no rewards.

Someone with good credit can get a card with rewards - even one with 0% introductory APRs for balance transfers if that is needed. Somone that always pays in full has no balances to transfer, and a card with no rewards does nothing for them.

I don't want to speak for CreditBuilder14, but for me a Slate would be useless. The rewards are the only reason I have to use a credit card. I would be better off using a debit card than a State.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

popamode72
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Postby popamode72 » Mon Nov 24, 2014 11:53 am

Yeah unless you wanted to get in with Chase and had no other alternative or you really need to transfer some kind of big balance, I wouldn't waste my time on a Slate either. Also I've never really seen many people carry that card around in real life except one time at school where I saw someone use it to get something from the vending machine. I find it weird about how they designed the card. I also heard it can be PCed to other cards though after a period of time.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

oldsoldier
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Postby oldsoldier » Mon Nov 24, 2014 1:01 pm

I agree I got a Slate offer in the mail once and when I read through it. I could find no real use for it other then a balance transfer option. I am sure that there are a lot better cards for that option.
BoA Cash Rewards $13,000
Chase Sapphire Preferred $14,000
BoA Better Balance $12,000
Amex Every Day $24,000
Discover It $17,000
NFCU Platinum Visa $25,200
Barclay Arrival WMC $10,000
Cap One QuickSilver WMC $6,200
WF Cash back Visa Sig $11,000
Citi Thank You Premier $11,600

Cre
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Postby Cre » Mon Nov 24, 2014 1:05 pm

The "Slate" card was really weird, with no embossed numbers, and a sideways orientation. Most merchants I presented it to when it first came out thought it was fake at first.

I didn't ask for Slate... the bank just sent a letter one day saying that my current card, whatever it was, would now be called Slate, and I had no choice in the matter. That wasn't the first time, either. I opened the credit card account as a MasterCard back in 1993, and it wasn't with Chase. A few years later, the original bank transferred my card account (sold me?) to another bank, which in turn sold me to yet another bank years later, which in turn eventually was swallowed by a bank that later turned into Chase. I didn't do anything.

I just let it all happen. I had absolutely no idea that the Slate card was such a bottom of the barrel "you're a loser" card until I joined this website. I've since ceased using the Slate card. Why should I embarrass myself any further at the stores?

So there, Chase! See ya in the Sock Drawer! And don't let the lint stick to ya on the way in. Take that for sticking me with a lousy card when I've never been late and PIF all my life.

Bring on the rewards, baby!
Current Cards:
AmEx Platinum Charge: NPSL, $450 AF
AmEx Reserve Credit: $30K limit, $450 AF
Chase Slate Visa Credit: $32K limit, No AF
Future Strategy:
Near Term: Need a good MasterCard for places that won't accept AmEx or Visa
Long Term: Will downsize out of one or both current AmEx cards to reduce AFs

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CarefulBuilder14
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Postby CarefulBuilder14 » Mon Nov 24, 2014 3:10 pm

The others who replied before me are right. If someone isn't trying to pay down a large balance or rebuild their credit, there's simply no reason to have any card that has no rewards at all. Chase may have a reputation for just wanting prime customers, but the card is a poor value to most people with good credit.

Edit: I do wonder, though, how many people actually make purchases on it vs. just use it to transfer a balance in and then make their purchases with a low-limit rewards card and PIF.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when



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