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a Long 0% Intro APR, but No Rewards

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If earning rewards for your spending is a top priority, the Chase Slate Edge℠ isn’t the card for you. But if you’re looking for a long 0% APR on purchases and balance transfers as part of a plan to get your financial house in order, the card is worth a look.


Regular APR


16.49% – 25.24% Variable


Recommended Credit Score


Good to Excellent


Regular APR


16.49% – 25.24% Variable


Recommended Credit Score


Good to Excellent

Pros

  • 0% introductory APR on purchases and balance transfers for the first 18 months
  • No annual fee
  • Potential for automatic consideration for credit limit increases and purchase APR reductions

Cons

  • Card doesn’t earn rewards beyond the welcome bonus
  • Other cards have longer 0% APR offers
  • Consideration for purchase APR reduction and credit line increase requires meeting a minimum spending requirement and on-time payments

More Information

  • Start off strong with 0% Intro APR for 18 months from account opening on purchases and balance transfers. A variable APR of 16.49% – 25.24% 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 Edge℠ 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

Review: Is the Chase Slate Edge the best credit card for you?

When the Chase Slate Edge℠ was rolled out in 2021 as a replacement for the discontinued Chase Slate®
, it didn’t really make much of a splash. At the time, it came with a small cash welcome bonus, no ongoing rewards, and an average-at-best intro APR offer.

The welcome bonus offer is no longer available. What’s improved, though, is the introductory 0% APR, which is now one of the longer offers on the market. New cardholders receive a 0% intro APR on purchases and balance transfers for 18 months from account opening, followed by a 16.49% – 25.24% Variable APR.

But even then, there are plenty of cards available that do earn rewards and come with an intro APR that approaches or matches the offer on the Chase Slate Edge℠. For example, the Chase Freedom Unlimited® earns at least 1.5% cash back (1.5 points per dollar) and comes with a 0% intro APR on purchases and balance transfers for the first 15 months (then a 16.49% – 25.24% Variable APR). 

It might seem odd to open the Chase Slate Edge℠ when there are seemingly better alternatives available, but there are a couple of other reasons you might consider the card. Firstly, Chase will automatically review you for a higher credit limit if you make your payments on time and spend $500 in your first six months of account opening. 

Secondly, if you spend at least $1,000 on purchases in the previous anniversary year, you’ll be considered for a 2% APR reduction each account anniversary, but only up to certain limits (more on that later). That’s a unique feature you don’t find on other cards, and could be handy for those who tend to carry a balance on their credit card.

However, if you already have established credit, opening a 0% APR card that also earns rewards from our list of best low-interest credit cards is probably a better deal.

We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

The Chase Slate Edge doesn’t earn rewards

The biggest drawback of the Chase Slate Edge℠ is the fact that you won’t earn a welcome bonus offer or rewards for spending. The only real incentive to use the card is its intro APR and the handful of other benefits and features it offers.

Chase Slate Edge credit card benefits and features

Introductory 0% APR

While the Chase Slate Edge℠ doesn’t have the longest intro APR on purchases and balance transfers on the market right now, the 0% intro APR on purchases and balance transfers for 18 months from account opening (then a 16.49% – 25.24% Variable APR) is a respectable offer.

If you have large purchases coming up that you want to pay for over a longer period of time without incurring interest, or you want to consolidate balances from other high-interest credit cards, this deal could save you money. Just be sure you have the ability to pay off your full balance before the introductory APR period is over, otherwise, you could find yourself in even more debt.

Keep in mind you can’t use this balance transfer offer to pay off other credit cards or loans issued by Chase.

Automatic review for a higher credit limit

If you’re working on building your credit, the Chase Slate Edge℠ could give you a bit of a leg up. You’ll receive an automatic, one-time review for a higher credit limit if you’ve paid on time and spent at least $500 in your first six months of opening the card.

Having a higher credit limit could potentially improve your credit score because it will increase your total amount of available credit. This can improve your credit utilization ratio (if you’re not carrying a high balance), and utilization is a major factor in determining your credit score.

It might sound strange, but opening and using a credit card responsibly is actually a great way to build credit and boost your credit score over the long term

APR reduction of 2% each year

Carrying a balance on your credit card isn’t a good idea because you’ll end up paying interest, but it’s sometimes unavoidable due to unexpected financial stress. The Chase Slate Edge℠ comes with an unusual feature that can help reduce the amount of interest you’ll pay — but only if you use the card and pay your bills on time.

On every account anniversary, you’ll be considered for a 2% APR reduction, as long as you’ve paid your card on time and spent at least $1,000 on purchases in the previous anniversary year. The reduction is capped  — it will only be reduced until your APR reaches the Prime Rate plus 9.74% (currently 14.49% variable APR based on the Prime Rate of 4.75% as of June 22, 2022).

If you find yourself in the position of needing to carry a large balance month to month, this benefit could save you money — but it only starts after a year of having (and using) the card. 

Purchase protection

When you use the Chase Slate Edge℠ to pay for an eligible item, you’ll receive protection against damage or theft within 120 days of purchase. Coverage is up to $500 per claim and $50,000 per account.

Extended warranty

The Chase Slate Edge℠ offers an extended warranty benefit on qualifying items, extending the time period of a US manufacturer’s warranty (of three years or less) by an additional year.

Car rental insurance

If you pay for your rental in full with the Chase Slate Edge℠ and decline the rental company’s collision damage waiver, you’re eligible for theft and collision damage coverage for most cars in the US and abroad. Coverage is secondary to your own personal insurance in the US, and primary insurance otherwise.

Roadside dispatch

Chase Slate Edge℠ cardholders have access to a 24/7 roadside dispatch hotline which can help arrange services like towing, winching, or jumpstarting. The dispatch service itself is free, but you’ll be charged for any services rendered.

Complimentary DoorDash DashPass membership

When you activate by December 31, 2024, you can receive a complimentary three months of DashPass, which gets you $0 food delivery fees and reduced service fees on orders of $12 or more with DoorDash and Caviar. After that, you’ll receive a 50% discount on your DashPass membership for the next nine months. 

Instacart benefits

Until July 31, 2024, Chase Slate Edge℠ cardholders can activate a complimentary three-month Instacart+ membership, which comes with reduced service fees and free delivery on orders of $35 or more. Don’t forget to set a calendar reminder to cancel if you don’t plan to keep the membership after three months, otherwise your card will be charged for a full year ($99) once the three-month trial period expires.


Regular APR


16.49% – 25.24% Variable


Recommended Credit Score


Good to Excellent


Regular APR


16.49% – 25.24% Variable


Recommended Credit Score


Good to Excellent

Pros

  • 0% introductory APR on purchases and balance transfers for the first 18 months
  • No annual fee
  • Potential for automatic consideration for credit limit increases and purchase APR reductions

Cons

  • Card doesn’t earn rewards beyond the welcome bonus
  • Other cards have longer 0% APR offers
  • Consideration for purchase APR reduction and credit line increase requires meeting a minimum spending requirement and on-time payments

More Information

  • Start off strong with 0% Intro APR for 18 months from account opening on purchases and balance transfers. A variable APR of 16.49% – 25.24% 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 Edge℠ 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

Chase Slate Edge fees and costs

The Chase Slate Edge℠ has no annual fee, so it’s free to keep for the long term and potentially increase your average age of accounts (and therefore possibly help boost your credit score). However, it’s not a good card to use for international purchases, because it adds foreign transaction fees (3% of the amount of each transaction in US dollars).

Like most other cards, the Chase Slate Edge℠ charges fees for balance transfers, cash advances, late payments, and returned payments.

Comparison: Chase Slate Edge vs other Chase cards

Chase Slate Edge vs other 0% APR credit cards

Chase Slate Edge card frequently asked questions (FAQ)

Is the Chase Slate Edge a good credit card?

The Chase Slate Edge℠ is only good for certain types of people — namely, those who want a long 0% APR offer. It might also be worthwhile for those who are working on building their credit or who want to lower their APR because they often carry a balance.

Otherwise, the Chase Slate Edge℠ is not the best card for most folks, especially if you want to earn rewards. There are plenty of options in our guide to the best rewards credit cards and even rewards-earning cards in our top 0% APR and balance transfer card guides.

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

Typically, Chase will only approve you for the Chase Slate Edge℠ if you have at least good credit — that is, a FICO score of at least 670, or a VantageScore of at least 700.

If your score isn’t in that range, you’ll do better applying for a card geared to those with fair or average credit. There are even credit cards for bad credit you could consider instead.

Who is eligible for the Chase Slate Edge?

The Chase Slate Edge℠ is subject to the Chase 5/24 rule, which means if you’ve opened five or more cards (from any bank) in the past 24 months, you won’t be approved for the card.

You also aren’t eligible if you already have a Chase Slate Edge℠, or have received a welcome bonus offer from one in the past 24 months.

Is the Chase Slate Edge a Visa or Mastercard?

The Chase Slate Edge℠ is a Visa card.

Is the Chase Slate Edge made of metal?

Despite its edgy name, the Chase Slate Edge℠ isn’t actually made of metal. It’s made of plastic.

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