Review
Updated
Fact Checked
Nathan Alderman
OFFER STATUS
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 Some items may be out of date.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.
Credit card comparison
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
| Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
|---|---|---|---|---|---|
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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 |
Discover will match all the cash back you've earned at the end of your first year. N/A | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases—automatically. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 17.24% - 28.24% Variable APR |
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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 |
Up to $300 cash back Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases. | 1.5% - 5% cash back Enjoy 5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases |
Intro: 0% Intro APR on Purchases and Balance Transfers for 15 months Purchases: 0% Intro APR on Purchases, 15 months Balance Transfers: 0% Intro APR on Balance Transfers, 15 months Regular: 20.49% - 29.24% Variable |
Apply Now for Chase Freedom Unlimited®
On Chase's Secure Website. |
|
Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
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 |
75,000 bonus points Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠. | 5x on travel purchased through Chase Travel℠, 3x on dining and 2x on all other travel purchases Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. |
Intro: N/A Purchases: N/A Balance Transfers: N/A Regular: 21.49%-28.49% Variable |
Apply Now for Chase Sapphire Preferred® Card
On Chase's Secure Website. |
Full Chase Slate Edge review
This credit card is a good fit for: Consumers who want to finance a purchase or refinance credit card debt.
Top perks
The Chase Slate Edge℠ has several features, with the highlight being its 0% intro APR offer.
0% intro APR for 18 months
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:
- Make one or more big purchases and pay them off within the intro period with no interest charges
- Transfer credit card debt so you can pay it down with zero interest during the intro period
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
No annual fee
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.
Automatic credit limit review
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
APR reduction
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.
Purchase and travel protections
On eligible purchases, the Chase Slate Edge℠ offers these complimentary protections:
- Purchase protection: Covers new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
- Extended warranty protection: Extends the time period of the U.S. manufacturer's warranty by one year on eligible warranties of three years or less.
- Auto rental collision damage waiver: Covers most rental cars in the United States and abroad for theft and collision damage. You must decline the rental company's collision coverage and charge the entire rental cost with your Chase card. In the United States, coverage is secondary to your personal insurance.
Travel often? Check out The Ascent's picks for the best travel rewards credit cards.
What could be improved
This Chase credit card has a couple notable issues.
No purchase rewards
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
Foreign transaction fee
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.
Suggested credit score
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.
The Chase Slate Edge is right for you if:
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
Our credit card methodology
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.
FAQs
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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.
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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.
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The Chase Slate Edge℠ is a Visa credit card.
Our Credit Cards Experts
Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia.
Fact Checked
Nathan Alderman
Nathan Alderman has worked with The Motley Fool since 2005, making errors his arch-enemies in a variety of roles including a six-year stint as the dedicated fact-checker for The Motley Fool's premium newsletter services. As The Ascent's Compliance Lead, he makes sure that all the site's information is accurate and up to date, which ensures we always steer readers right and keeps various financial partners happy. A graduate of Northwestern University's Medill School of Journalism, Nathan spends his spare time volunteering for civic causes, writing and podcasting for fun, adoring his wife, and wrangling his two very large young children.
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