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Chase Slate Edge℠ is unavailable on The Ascent. All information was collected independently and not reviewed for accuracy or provided by the credit card issuer. Some items may be out of date.
The Chase Slate Edge℠ starts new cardholders off with an impressive 0% intro APR that applies to both purchases and balance transfers. Cardholders also have the opportunity to get a lower interest rate. But this card doesn't earn any sort of cash back or points. Read our full Chase Slate Edge℠ review to find out if you should apply.
This credit card is a good fit for: Consumers who want to finance a purchase or refinance credit card debt.
The Chase Slate Edge℠ has several features, with the highlight being its 0% intro APR offer.
This Chase card has a 0% intro APR on purchases and balance transfers for 18 months from account opening. There are two ways to take advantage of this offer:
If you're going to use this card for balance transfers, there is a balance transfer fee. The intro balance transfer fee is 3% with a $5 minimum and applies to transfers made within 60 days of account opening. After that, the balance transfer fee is 5% with a $5 minimum.
MORE OPTIONS: Best 0% APR Credit Cards
The Chase Slate Edge℠ has no annual fee. No annual fee credit cards like this are a good choice when you're keeping extra costs to a minimum.
If you spend at least $500 in the first six months and pay on time, Chase will automatically review your account for a credit limit increase. There's no guarantee Chase will increase your credit limit, and this is something you could request on your own. It's still helpful that Chase does it automatically.
LEARN MORE: How to Increase Your Credit Limit
One of the most unique Chase Slate Edge℠ benefits is the opportunity to get an APR reduction. If you make at least $1,000 on purchases in an account year and pay on time, Chase will review your account for a 2% APR reduction on purchases, balance transfers, and a My Chase Loan. Your card's APR can be reduced until it reaches 9.74% plus the Prime Rate (which can vary).
As unique as it is, this is a minor benefit that shouldn't weigh too heavily when you compare credit cards. It's better to pay off your credit card balance in full every month to avoid interest charges entirely. Even with an APR reduction, carrying a balance isn't recommended.
On eligible purchases, the Chase Slate Edge℠ offers these complimentary protections:
Travel often? Check out The Ascent's picks for the best travel rewards credit cards.
If you want a longer 0% intro APR offer: The Wells Fargo Reflect® Card has a 0% intro APR on purchases and qualifying balance transfers for an impressive 21 months from account opening on qualifying balance transfers. Qualifying balance transfers are those made within 120 days of account opening. After the 0% intro APR period ends, the go-to 18.24%, 24.74%, or 29.99% Variable APR applies.
If you want to earn rewards: The Chase Freedom Flex℠ has several bonus categories where it earns as much as 5% cash back. This card also has a 0% intro APR, although it doesn't last quite as long as what you get with the Chase Slate Edge℠.
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Wells Fargo Reflect® Card | Chase Freedom Flex℠ |
Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best = Excellent = Good = Fair = Poor |
Apply Now for Chase Freedom Flex℠
On Chase's Secure Website. |
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Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Good/Excellent (670-850) |
Credit Rating Requirement:
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Good/Excellent (670-850) |
Welcome Offer: — |
Welcome Offer: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening! $200 bonus |
Rewards Program: N/A |
Rewards Program: 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Plus, earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases. 5% cash back offer |
Intro APR: 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers Purchases: 0% intro APR, 21 months from account opening Balance Transfers: 0% intro APR, 21 months from account opening on qualifying balance transfers |
Intro APR: 0% Intro APR on Purchases Purchases: 0% Intro APR on Purchases, 15 months Balance Transfers: 0% Intro APR on Balance Transfers, 15 months |
Regular APR: 18.24%, 24.74%, or 29.99% Variable APR |
Regular APR: 20.49%-29.24% Variable |
Annual Fee: N/A $0 |
Annual Fee: N/A $0 |
Highlights:
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Apply Now for Chase Freedom Flex℠
On Chase's Secure Website. |
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This Chase credit card has a couple notable issues.
The biggest drawback of the Chase Slate Edge℠ is that it doesn't earn purchase rewards. Although the lack of rewards isn't as much of an issue when you're working on your credit, you'll probably eventually want to upgrade to a rewards card.
COMPARE OPTIONS: Best Rewards Credit Cards
The Chase Slate Edge℠ charges a foreign transaction fee of 3% in U.S. dollars. This fee applies to transactions made outside the United States and in foreign currencies. On international trips, a card without foreign transaction fees is good to have so you don't rack up extra charges. If you need a card to use while traveling abroad, it's a good idea to check out more credit card reviews and pick one without this fee.
A FICO® Score of 670 or higher is recommended when applying for the Chase Slate Edge℠. Chase looks at more than your credit score during the application process, so your credit score alone doesn't guarantee an approval or denial.
One other important factor you should know about is Chase's 5/24 rule. If you've opened five or more credit cards within the previous 24 months, this rule will usually lead to an automatic denial.
You want a long 0% intro APR offer for both balance transfers and purchases. If there's something expensive you need to pay off over time or you have credit card debt, the Chase Slate Edge℠ can help you save money.
SEE MORE: Best Balance Transfer Credit Cards
At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.
The minimum credit limit for the Chase Slate Edge℠ is $500, but it's possible to be approved for higher amounts depending on your credit worthiness. If you make at least $500 in purchases over the first six months and make all your payments on time, Chase will automatically review your account for a credit limit increase.
Yes, you can upgrade the Chase Slate Edge℠ to another Chase credit card. To request an upgrade, call the number on the back of your card. Chase generally only lets cardholders change to a different credit card after the account has been open for at least one year.
The Chase Slate Edge℠ is a Visa credit card.
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