Chase Slate Edge Card: Good Intro Bonus, But Middling 0% Intro APR Offer

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Chase Slate Edge℠
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Chase Slate Edge℠
Editor’s Score: (3.2/5)
Learn more externa link icon At our partner’s secure site.
Chase Slate Edge℠
Editor’s Score: (3.2/5)
  • Introductory balance transfer rate:
    0% Intro APR on Balance Transfers for 18 months
  • Annual fee:
    $0
  • Regular APR:
    17.24% – 25.99% Variable
  • Recommended credit score:
    670-850 (Good to Excellent)

NextAdvisor’s Take

Pros
  • No annual fee
  • 0% APR on purchases and balance transfers for 18 months
  • Decrease interest rate over time with responsible use
Cons
  • No rewards for everyday spending
  • Some other cards feature longer 0% APR offers
  • Few added benefits
The Bottom Line
The Chase Slate Edge Card offers a few different ways for cardholders to save on interest and fees. Its biggest draws are an introductory APR on purchases and balance transfers, and incentives for using your card responsibly, like a lower ongoing APR and increased credit limit. There are no long-term rewards on your spending, but this card offers among the longest intro APRs available today.

Additional Card Details

  • 0% intro APR on purchases and balance transfers for 18 months, followed by a 17.24% to 25.99% variable APR
  • Lower your interest rate by up to 2% each year you make all payments on time and spend at least $1,000 on purchases
  • Automatic credit limit review when you make all payments on time and spend at least $500 within the first six months
  • No annual fee

Chase Slate Edge Card Full Review

Card Type

The Chase Slate Edge Card is a balance transfer credit card with 0% Intro APR for 18 months. 

Annual Fee

There’s no annual fee.

Welcome Offer

There’s no welcome offer available for the Chase Slate Edge, beyond its intro APR on purchases and balance transfers.

Rewards

There are no ongoing rewards for this card, which is in line with other cards in this category.

Fees 

The regular ongoing APR for this card is a variable 17.24% to 25.99%, but you can lower your interest rate by up to 2% each year you make all payments on time and spend at least $1,000 on purchases.

There’s a balance transfer fee of 3% ($5 minimum) if you transfer your balance within 60 days — after that the fee increases to 5% ($5 minimum). Other fees include a 3% foreign transaction fee, late payment and returned payment fees up to $40, and potential penalty APR up to 29.99%.

Benefits of Chase Slate Edge Card

Chase Slate Edge doesn’t offer a ton of cardholder perks beyond its APR offer, but that’s common among balance transfer and 0% APR cards. One benefit is the ability to earn a higher credit limit over time. Chase will automatically review your account for a credit limit increase after the first six months if you make consistent on-time payments and spend at least $500 with your card. 

Chase Slate Edge also comes with a few purchase and travel protections, like extended warranties on eligible items, purchase protection against damage or theft, secondary auto rental coverage, roadside dispatch, and more.

Drawbacks of Chase Slate Edge Card

The Chase Slate Edge offers a long intro APR, but there are other cards with longer introductory periods on the market. While 18 months is a decent no-interest period, other cards such as the Wells Fargo Reflect® Card feature a longer intro APR offer. 

After the intro period ends, you also won’t get much rewards value from this card. Its unique benefit of reducing your APR by 2% each year won’t be of much value if you practice good credit habits and pay your balances in full each month.

How to Use Chase Slate Edge Card

If you decide to apply for this card for its 0% APR offer, make sure you have a plan to pay off any balances before the 18-month introductory period is over. If you don’t, you’ll be stuck paying your assigned variable APR on any leftover balances, whether they’re new purchases or balance transfers.

For any balance transfers you make, you’ll pay a 3% (minimum $5) balance transfer fee, which is typical among balance transfer credit cards. But if you wait too long, not only will you reduce the time you have to make interest-free payments toward your debt, you’ll pay more. After 60 days from account opening, the balance transfer fee increases to 5% ($5 minimum).

You’ll also want to be diligent in making your payments on time within the first six months, so you can qualify for the automatic credit line increase. This can be helpful for building credit, by lowering your credit utilization ratio — the amount of credit you use compared to your available credit. Experts recommend keeping this ratio to 30% (and ideally closer to 10%) for the best effect on your credit score. 

After that, continue making timely payments and charging only what you can afford to pay off in full and on time each month. This will help you build your credit score over time while avoiding high-interest debt.

Chase Slate Edge Card Compared to Other Cards

Our Choice
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Chase Slate Edge℠

Chase Slate Edge℠

Editor’s Score: (3.2/5)
  • Intro offer:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    17.24% – 25.99% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site
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Citi® Double Cash Card

Citi® Double Cash Card

Editor’s Score: (4.9/5)
  • Intro offer:
    $200 Cash Back
  • Annual fee:
    $0
  • Regular APR:
    16.99% – 26.99% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site
Learn More externa link icon
BankAmericard® credit card

BankAmericard® credit card

Editor’s Score: (3.9/5)
  • Intro offer:
    N/A
  • Annual fee:
    $0
  • Regular APR:
    14.24% – 24.24% Variable APR on purchases and balance transfers
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site

Is Chase Slate Edge Card Right for You?

The Chase Slate Edge can be helpful for incentivizing responsible credit use. Benefits like reducing your interest rate and increasing your credit limit over time in exchange for paying on time can be a great way to establish good habits that will help you build and maintain a great credit score.

Just keep in mind the limitations of these benefits. Based on today’s Prime Rate, the minimum APR you can earn (based on the Prime Rate of 5.50% plus 9.74% floor) is currently 15.24% variable. That’s not much lower than the bottom range of the card’s standard variable APR (17.24% – 25.99%). What’s more, this benefit is most valuable for people who carry balances on their cards, which we caution every credit cardholder against. If you pay your balances in full and on time each month, you’ll avoid accruing any interest at all, so you won’t need to worry about your APR.

If you’re strictly interested in a new card with a 0% APR intro period that can help you pay down a large purchase over time or eliminate existing high-interest debts, there may also be better options available. Some of the best 0% APR cards today offer longer introductory periods, like the Wells Fargo Reflect Card’s up to 21 months from account opening, intro period for purchases and qualifying balance transfers. That’s a base 18 month offer, plus a three-month extension if you make on-time monthly minimum payments for the length of the intro period. After the intro APR offer ends a 15.99%-27.99% variable APR will apply. An intro 3% fee (min $5) applies to all balance transfers you make within the first 120 days, then up to 5%; min $5. Other cards may offer rewards after the intro period ends, like the 2% flat cash back rate with Citi® Double Cash Card (1% when you purchase and another 1% when you pay for those purchases).

Chase Slate Edge isn’t a bad option — especially if you hope to upgrade to one of Chase’s Freedom or Sapphire rewards cards in the future — but there are better options you may qualify for, depending on your specific goals.

*All information about the Chase Slate Edge℠ has been collected independently by NextAdvisor and has not been reviewed by the issuer.

Frequently Asked Questions

Did Chase get rid of the Chase Slate Card?

Chase announced the launch of Chase Slate Edge in 2021, after removing new applications for the former Chase Slate card from its site last year.

What are the benefits of Chase Slate Edge?

You get a 0% introductory rate on purchases and balance transfers for 18 months (17.24% to 25.99% variable APR thereafter), and a 2% interest rate reduction each year you use your card responsibly.

What is the minimum credit limit for Chase Slate Edge?

The minimum credit limit on the Chase Slate Edge is $500, although the credit limit you’re offered could be higher than that. You can qualify for a credit limit increase after making timely payments and spending at least $500 within the first six months.