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How Does LendingTree Get Paid?

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Chase Slate Edge℠ Review

Chase Slate Edge℠

Chase Slate Edge℠ Review

Sign-Up Bonus
N/A
Intro Purchase APR
0% Intro APR on Purchases for 18 months. Then, a 18.74% - 27.49% Variable APR applies.
Intro Balance Transfer APR
0% Intro APR on Balance Transfers for 18 months. Then, a 18.74% - 27.49% Variable APR applies.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Chase Slate Edge℠ best for?

Chase launched the Chase Slate Edge℠ in July 2021. While it’s a fairly no-frills card that doesn’t earn rewards, it does offer consumers an opportunity to build credit for a $0 annual fee, earn a decent sign-up bonus, and enjoy introductory APR periods on purchases and balance transfers. It also comes with a unique program where you can get a chance to lower the card’s regular APR each year.

Though the name is similar, this is a distinct card from the Chase Slate®, for which Chase shut down online applications in April 2020. The Chase Slate® was a popular balance transfer card, and is still available for application in limited ways — such as if you get a targeted offer or apply in a physical Chase branch.

Chase Slate Edge℠ card overview

    • Start off strong with 0% Intro APR for 18 months from account opening on purchases and balance transfers. A variable APR of 18.74% - 27.49% on balance transfers and purchases after the introductory period ends.
    • Lower your interest rate by 2% each year. Automatically be considered for an APR reduction when you pay on time, and spend at least $1000 on your card by your next account anniversary.
    • Raise your credit limit. Get an automatic, one-time review for a higher credit limit when you pay on time, and spend $500 in your first six months.
    • All for no annual fee - You won't have to pay an annual fee for all the great features that come with your Slate EdgeSM card
    • Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more
    660 720 850
    Excellent/Good
  • Purchase protection
  • Extended warranty protection
  • Free credit score with Chase Credit Journey
  • Roadside Dispatch
  • Auto rental collision damage waiver
  • Access to My Chase Plan

Intro Purchase APR

0% Intro APR on Purchases for 18 months.

Regular Purchase APR

18.74% - 27.49% Variable

Intro BT APR

0% Intro APR on Balance Transfers for 18 months.

Regular BT APR

18.74% - 27.49% Variable

Annual Fee

$0

Cash Advance Fee

Either $10 or 5% of the amount of each transaction, whichever is greater.

Foreign Transaction Fee

3% of each transaction in U.S. dollars

Balance Transfer Fee

Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days. After, either $5 or 5% of the amount of each transfer, whichever is greater.

Pros and cons

Pros

  • Good for building credit
  • Intro APR periods
  • Chance for your regular APR to be reduced
  • $0 annual fee
  • Chance to get a higher credit limit

Cons

  • Balance transfer fee
  • Foreign transaction fee
  • You won’t earn rewards

What we like about the Chase Slate Edge℠

  • Good for improving your credit score

    Chase is known as a leader in the credit card world. Its products include popular cashback cards such as the Chase Freedom Flex℠, aimed at applicants with excellent/good credit, and popular travel cards such as the Chase Sapphire Preferred® Card — aimed at consumers with excellent credit.

    The Chase Slate Edge℠ offers something new. It’s meant to help consumers work toward financial milestones, and offers a chance to establish a relationship with Chase while improving your credit score.

  • Intro APRs on purchases and balance transfers

    The Chase Slate Edge℠ offers a 0% Intro APR on Purchases for 18 months. After that, a regular APR of 18.74% - 27.49% Variable applies. If you’ve got a big purchase coming up, taking advantage of this intro APR period could allow you to spread out payments over a year without incurring interest charges.

    There’s also a 0% Intro APR on Balance Transfers for 18 months. Then, an APR of 18.74% - 27.49% Variable applies. If you’re struggling to pay off high-interest debt on another credit card, a balance transfer could give you breathing room and help you reach the goal of becoming debt-free.

    Know that there is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days. After, either $5 or 5% of the amount of each transfer, whichever is greater.

  • Chance to get a lower regular APR

    When you pay on time and spend $1,000 on your card in an account anniversary year, you’ll be automatically considered for an APR reduction of 2%. Note that the lowest your APR can go is the Prime Rate plus 9.74%, and your final APR reduction could be less than 2%.

  • There's no annual fee

    This card charges a $0 annual fee, which is a great feature for a card meant to help build your credit.

  • Opportunity for a credit limit increase

    When you pay on time and spend $500 in the first six months of having the card in the first year, Chase will automatically review your account to see if you’re eligible for a higher credit limit.

What to watch out for with the Chase Slate Edge℠

  • There's a balance transfer fee

    The Chase Slate Edge℠ charges a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days. After, either $5 or 5% of the amount of each transfer, whichever is greater.

  • Be prepared for a foreign transaction fee

    If you take the Chase Slate Edge℠ when traveling abroad, be prepared for a fee of 3% of each transaction in U.S. dollars.

  • No rewards program

    This card doesn’t offer any rewards. However, if your primary focus is on improving your credit score, that might not be a big deal.

Alternate credit-building card

Compare it to the Discover it® Secured Credit Card

| Disclosures
Discover it® Secured Credit Card
Discover it® Secured Credit Card
on Discover's secure site
N/A
26.74% Variable APR
$0
2% cash back at Gas Stations and Restaurants on up to $1,000
  • No credit score required to apply.
  • No Annual Fee, earn cash back, and build your credit with responsible use.
  • Establish your credit line by providing a refundable security deposit of at least $200. That means a $200 deposit for a $200 credit line. Or a $500 deposit for a $500 credit line. Bank information must be provided when submitting your deposit, and the security deposit equals your credit limit.
  • Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.
  • Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Discover helps remove your personal information from select people-search websites. Activate by mobile app for free.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • Click "Apply Now" to see terms and conditions.
300 600
Poor/Limited

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

The Chase Slate Edge℠ is not designed for applicants who are new to credit or who have bad credit. If either of those applies to you, a better card is the Discover it® Secured Credit Card.

The Discover it® Secured Credit Card requires that you submit a security deposit in the amount of your desired credit limit to the issuer. The deposit protects the issuer if you default on what you owe. With the Discover it® Secured Credit Card, the deposit can range from $200 to $2,500.

You can get your deposit back if you pay off the card in full and close the account or if Discover decides you qualify to be transitioned to an unsecured card that doesn’t require a security deposit. After you have the card for 7 months, Discover will begin automatic monthly reviews of your account to see if you qualify for such a transition.

The Discover it® Secured Credit Card also has a rewards program where you can earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically. It’s rare for cards aimed at applicants with poor/limited credit to offer rewards, so this program makes the Discover it® Secured Credit Card stand out from the competition.

And there’s a unique sign-up bonus for new cardmembers: Discover will match all the cash back you’ve earned at the end of your first year.

The Discover it® Secured Credit Card‘s annual fee is $0.

Compare the Chase Slate Edge℠ to similar cards

Comparison of four different credit cards
Chase Slate Edge℠ Discover it<sup>®</sup> Secured Credit Card Capital One QuicksilverOne Cash Rewards Credit Card
Chase Slate Edge℠ Discover it® Secured Credit Card Capital One QuicksilverOne Cash Rewards Credit Card
Apply Now
on Chase's secure site
Apply Now
on Discover's secure site
Apply Now
on Capital One's secure site
Apply Now
Recommended Credit
Excellent/Good Poor/Limited Fair/Limited N/A
Welcome Offer
N/A Discover will match all the cash back you’ve earned at the end of your first year. No bonus N/A
Rewards Rate
N/A 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply) N/A
Annual Fee
$0 $0 $39 N/A
Intro Purchase APR
0% Intro APR on Purchases for 18 months. N/A N/A N/A
Regular APR
18.74% - 27.49% Variable 26.74% Variable APR 28.49% (Variable) N/A
Intro Balance Transfer APR
0% Intro APR on Balance Transfers for 18 months. 10.99% Intro APR for 6 months N/A N/A
Regular Balance Transfer APR
18.74% - 27.49% Variable 26.74% Variable APR 28.49% (Variable) N/A
Balance Transfer Fee
Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days. After, either $5 or 5% of the amount of each transfer, whichever is greater. 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)* $0 at this Transfer APR N/A
Card Details
Additional card details unavailable Discover it® Secured Credit Card Capital One QuicksilverOne Cash Rewards Credit Card

Is the Chase Slate Edge℠ right for you?

If you’re looking to build credit history, the Chase Slate Edge℠ is a fine $0-annual-fee card that offers a chance to do that. It also comes with unique features for lowering your interest rate and increasing your credit limit. Plus, getting the Chase Slate Edge℠ also provides an opportunity to build a relationship with Chase, which might be useful down the road if you’re hoping to apply for cards such as the Chase Freedom Flex℠ or the Chase Sapphire Preferred® Card.

However, if you have no credit history or have bad credit, the Chase Slate Edge℠ isn’t the card you need. A better tool for advancing in your personal finance journey would be a secured card such as the Discover it® Secured Credit Card, which is designed for customers who have poor/limited credit.

Finally, if you’re looking for a card with no balance transfer fee, the Chase Slate Edge℠ doesn’t offer that. You might be better off seeing if you can apply for the legacy Chase Slate® in a physical Chase branch.

Apply Now
on Chase's secure site