a Long 0% Intro APR, but No Rewards

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If incomes rewards on your spending is a prime precedence, the Chase Slate Edge℠ is not the cardboard for you. However when you’re searching for a protracted 0% APR on purchases and stability transfers as a part of a plan to get your monetary home so as, the cardboard is value a glance.


Common APR


16.49% – 25.24% Variable


Really helpful Credit score Rating


Good to Wonderful


Common APR


16.49% – 25.24% Variable


Really helpful Credit score Rating


Good to Wonderful

Professionals

  • 0% introductory APR on purchases and stability transfers for the primary 18 months
  • No annual price
  • Potential for computerized consideration for credit score restrict will increase and buy APR reductions

Cons

  • Card doesn’t earn rewards past the welcome bonus
  • Different playing cards have longer 0% APR gives
  • Consideration for buy APR discount and credit score line enhance requires assembly a minimal spending requirement and on-time funds

Extra Info

  • Begin off sturdy with 0% Intro APR for 18 months from account opening on purchases and stability transfers. A variable APR of 16.49% – 25.24% on stability transfers and purchases after the introductory interval ends.
  • Decrease your rate of interest by 2% every year. Routinely be thought-about for an APR discount while you pay on time, and spend at the least $1000 in your card by your subsequent account anniversary.
  • Increase your credit score restrict. Get an computerized, one-time assessment for the next credit score restrict while you pay on time, and spend $500 in your first six months.
  • All for no annual price – You will not must pay an annual price for all the good options that include your Slate Edge℠ card
  • Preserve tabs in your credit score well being – Chase Credit score Journey helps you monitor your credit score with free entry to your newest rating, real-time alerts, and extra

Overview: Is the Chase Slate Edge the perfect bank card for you?

When the Chase Slate Edge℠ was rolled out in 2021 as a alternative for the discontinued Chase Slate®
, it did not actually make a lot of a splash. On the time, it got here with a small money welcome bonus, no ongoing rewards, and an average-at-best intro APR supply.

The welcome bonus supply is not obtainable. What’s improved, although, is the introductory 0% APR, which is now one of many longer gives available on the market. New cardholders obtain a 0% intro APR on purchases and stability transfers for 18 months from account opening, adopted by a 16.49% – 25.24% Variable APR.

However even then, there are many playing cards obtainable that do earn rewards and include an intro APR that approaches or matches the supply on the Chase Slate Edge℠. For instance, the Chase Freedom Limitless® earns at the least 1.5% money again (1.5 factors per greenback) and comes with a 0% intro APR on purchases and stability transfers for the primary 15 months (then a 16.49% – 25.24% Variable APR). 

It might sound odd to open the Chase Slate Edge℠ when there are seemingly higher options obtainable, however there are a few different causes you would possibly contemplate the cardboard. Firstly, Chase will robotically assessment you for the next credit score restrict when you make your funds on time and spend $500 in your first six months of account opening. 

Secondly, when you spend at the least $1,000 on purchases within the earlier anniversary 12 months, you will be thought-about for a 2% APR discount every account anniversary, however solely as much as sure limits (extra on that later). That is a singular function you do not discover on different playing cards, and might be useful for individuals who have a tendency to hold a stability on their bank card.

Nonetheless, if you have already got established credit score, opening a 0% APR card that additionally earns rewards from our record of finest low-interest bank cards might be a greater deal.

We’re centered right here on the rewards and perks that include every card. These playing cards will not be value it when you’re paying curiosity or late charges. When utilizing a bank card, it is essential to pay your stability in full every month, make funds on time, and solely spend what you’ll be able to afford to pay.

The Chase Slate Edge does not earn rewards

The largest disadvantage of the Chase Slate Edge℠ is the truth that you will not earn a welcome bonus supply or rewards for spending. The one actual incentive to make use of the cardboard is its intro APR and the handful of different advantages and options it gives.

Chase Slate Edge bank card advantages and options

Introductory 0% APR

Whereas the Chase Slate Edge℠ does not have the longest intro APR on purchases and stability transfers available on the market proper now, the 0% intro APR on purchases and stability transfers for 18 months from account opening (then a 16.49% – 25.24% Variable APR) is a decent supply.

If in case you have giant purchases developing that you just wish to pay for over an extended time frame with out incurring curiosity, otherwise you wish to consolidate balances from different high-interest bank cards, this deal might prevent cash. Simply be certain you could have the power to repay your full stability earlier than the introductory APR interval is over, in any other case, you can end up in much more debt.

Take note you’ll be able to’t use this stability switch supply to repay different bank cards or loans issued by Chase.

Automated assessment for the next credit score restrict

In case you’re engaged on constructing your credit score, the Chase Slate Edge℠ might provide you with a little bit of a leg up. You will obtain an computerized, one-time assessment for the next credit score restrict when you’ve paid on time and spent at the least $500 in your first six months of opening the cardboard.

Having the next credit score restrict might doubtlessly enhance your credit score rating as a result of it would enhance your complete quantity of obtainable credit score. This could enhance your credit score utilization ratio (when you’re not carrying a excessive stability), and utilization is a significant factor in figuring out your credit score rating.

It’d sound unusual, however opening and utilizing a bank card responsibly is definitely an effective way to construct credit score and enhance your credit score rating over the long run. 

APR discount of two% every year

Carrying a stability in your bank card is not a good suggestion since you’ll find yourself paying curiosity, however it’s typically unavoidable as a result of surprising monetary stress. The Chase Slate Edge℠ comes with an uncommon function that may assist cut back the quantity of curiosity you will pay — however provided that you utilize the cardboard and pay your payments on time.

On each account anniversary, you will be thought-about for a 2% APR discount, so long as you’ve got paid your card on time and spent at the least $1,000 on purchases within the earlier anniversary 12 months. The discount is capped  — it would solely be diminished till your APR reaches the Prime Price plus 9.74% (at the moment 14.49% variable APR based mostly on the Prime Price of 4.75% as of June 22, 2022).

If you end up within the place of needing to hold a big stability month to month, this profit might prevent cash — however it solely begins after a 12 months of getting (and utilizing) the cardboard. 

Buy safety

Once you use the Chase Slate Edge℠ to pay for an eligible merchandise, you will obtain safety in opposition to harm or theft inside 120 days of buy. Protection is as much as $500 per declare and $50,000 per account.

Prolonged guarantee

The Chase Slate Edge℠ gives an prolonged guarantee profit on qualifying gadgets, extending the time interval of a US producer’s guarantee (of three years or much less) by an extra 12 months.

Automobile rental insurance coverage

In case you pay on your rental in full with the Chase Slate Edge℠ and decline the rental firm’s collision harm waiver, you are eligible for theft and collision harm protection for many automobiles within the US and overseas. Protection is secondary to your individual private insurance coverage within the US, and first insurance coverage in any other case.

Roadside dispatch

Chase Slate Edge℠ cardholders have entry to a 24/7 roadside dispatch hotline which might help prepare providers like towing, winching, or jumpstarting. The dispatch service itself is free, however you will be charged for any providers rendered.

Complimentary DoorDash DashPass membership

Once you activate by December 31, 2024, you’ll be able to obtain a complimentary three months of DashPass, which will get you $0 meals supply charges and diminished service charges on orders of $12 or extra with DoorDash and Caviar. After that, you will obtain a 50% low cost in your DashPass membership for the following 9 months. 

Instacart advantages

Till July 31, 2024, Chase Slate Edge℠ cardholders can activate a complimentary three-month Instacart+ membership, which comes with diminished service charges and free supply on orders of $35 or extra. Remember to set a calendar reminder to cancel when you do not plan to maintain the membership after three months, in any other case your card can be charged for a full 12 months ($99) as soon as the three-month trial interval expires.


Common APR


16.49% – 25.24% Variable


Really helpful Credit score Rating


Good to Wonderful


Common APR


16.49% – 25.24% Variable


Really helpful Credit score Rating


Good to Wonderful

Professionals

  • 0% introductory APR on purchases and stability transfers for the primary 18 months
  • No annual price
  • Potential for computerized consideration for credit score restrict will increase and buy APR reductions

Cons

  • Card doesn’t earn rewards past the welcome bonus
  • Different playing cards have longer 0% APR gives
  • Consideration for buy APR discount and credit score line enhance requires assembly a minimal spending requirement and on-time funds

Extra Info

  • Begin off sturdy with 0% Intro APR for 18 months from account opening on purchases and stability transfers. A variable APR of 16.49% – 25.24% on stability transfers and purchases after the introductory interval ends.
  • Decrease your rate of interest by 2% every year. Routinely be thought-about for an APR discount while you pay on time, and spend at the least $1000 in your card by your subsequent account anniversary.
  • Increase your credit score restrict. Get an computerized, one-time assessment for the next credit score restrict while you pay on time, and spend $500 in your first six months.
  • All for no annual price – You will not must pay an annual price for all the good options that include your Slate Edge℠ card
  • Preserve tabs in your credit score well being – Chase Credit score Journey helps you monitor your credit score with free entry to your newest rating, real-time alerts, and extra

Chase Slate Edge charges and prices

The Chase Slate Edge℠ has no annual price, so it is free to maintain for the long run and doubtlessly enhance your common age of accounts (and subsequently presumably assist enhance your credit score rating). Nonetheless, it is not a very good card to make use of for worldwide purchases, as a result of it provides international transaction charges (3% of the quantity of every transaction in US {dollars}).

Like most different playing cards, the Chase Slate Edge℠ expenses charges for stability transfers, money advances, late funds, and returned funds.

Comparability: Chase Slate Edge vs different Chase playing cards

Chase Slate Edge vs different 0% APR bank cards

Chase Slate Edge card incessantly requested questions (FAQ)

Is the Chase Slate Edge a very good bank card?

The Chase Slate Edge℠ is simply good for sure kinds of individuals — particularly, those that desire a lengthy 0% APR supply. It may also be worthwhile for individuals who are engaged on constructing their credit score or who wish to decrease their APR as a result of they typically carry a stability.

In any other case, the Chase Slate Edge℠ just isn’t the perfect card for most folk, particularly if you wish to earn rewards. There are many choices in our information to the perfect rewards bank cards and even rewards-earning playing cards in our prime 0% APR and stability switch card guides.

What credit score rating do you want for the Chase Slate Edge card?

Usually, Chase will solely approve you for the Chase Slate Edge℠ if in case you have at the least good credit score — that’s, a FICO rating of at the least 670, or a VantageScore of at the least 700.

In case your rating is not in that vary, you will do higher making use of for a card geared to these with honest or common credit score. There are even bank cards for low credit you can contemplate as an alternative.

Who’s eligible for the Chase Slate Edge?

The Chase Slate Edge℠ is topic to the Chase 5/24 rule, which suggests when you’ve opened 5 or extra playing cards (from any financial institution) prior to now 24 months, you will not be accepted for the cardboard.

You additionally aren’t eligible if you have already got a Chase Slate Edge℠, or have obtained a welcome bonus supply from one prior to now 24 months.

Is the Chase Slate Edge a Visa or Mastercard?

The Chase Slate Edge℠ is a Visa card.

Is the Chase Slate Edge fabricated from metallic?

Regardless of its edgy title, the Chase Slate Edge℠ is not truly fabricated from metallic. It is fabricated from plastic.