Chase Slate Edge

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Last updated on November 10th, 2021

Chase Slate Edge

Get an Edge with a $100 Bonus

Chase Slate Edge
  • Regular Purchase APR 14.99% to 23.74% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR 14.99% to 23.74% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR 24.99% variable based on the Prime Rate
  • Annual Fee None
  • Credit Needed Good , Fair
  • Intro Purchase APR 0% for the first 12 months
  • Processing Network Visa
Best Benefits
  • No annual fee
  • 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
  • Get an automatic, one-time review for a higher credit limit when you pay on time, and spend $500 in your first six months
  • 0% introductory APR on purchases and balance transfers for 12 months from account opening
Rates & Fees
  • Intro Purchase APR: 0% for the first 12 months
  • Regular Purchase APR: 14.99% to 23.74% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 0% for the first 12 months
  • Balance Transfer APR: 14.99% to 23.74% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greate
  • Cash Advance APR: 24.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
  • Penalty APR: Up to 29.99% variable based on the Prime Rate
  • Foreign Transaction Fee: 3% of the amount of each transaction in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
Credit Card Deals

At a Glance

The Chase Slate Edge lets you make moves towards your credit goals with a host of impressive introductory bonuses. The card from Chase offers the chance at an automatic credit line increase, plus 0% intro APR for 12 months (with a variable APR after that) and a $100 statement credit after meeting minimum spending requirements– all for no annual fee.

Ideal for Those Who:

  • Want to build credit with responsible usage
  • Plan to carry a balance and will make use of the two 0% intro APR offers
  • Don’t want to pay an annual fee

Chase Slate Edge Card Review

The Chase Slate Edge is a credit builder credit card from JP Morgan Chase. The card, a no annual fee Visa Platinum, offers various credit boosting benefits, including the chance of a straightforward credit line increase after just six months and the possibility of an APR reduction every year (where applicable).

A Low Intro APR

The Slate Edge is unique among most credit builder cards in that it offers a 0% introductory APR on both purchases and balance transfers. New accounts enjoy zero interest on transfers and purchases for the first 12 months from account opening. 

Lower Your Interest Rate By 2% Each Year

Once that intro APR period ends, new accounts will receive a variable APR based on creditworthiness and the Prime Rate, from around 15% to 23% – a range that is extremely reasonable.

Chase ups the ante, however, by offering cardholders the chance to lower than interest rate by 2% each year. Chase will automatically consider cardholders for an APR reduction of 2% when they pay their Slate Edge statement on time every month and use their card to make at least $1,000 in purchases before their card account anniversary. This 2% reduction can occur every year until the card’s APR reached Prime Rate + 9.74%, which would place the purchase interest rate into the low APR credit card range – an excellent feature for those seeking to build credit and carry a balance at the same time.

Credit Limit Increase After Six Months

Many credit cards for fair credit scores feature the opportunity for a credit line increase with demonstrated financial responsibility. The Chase Slate Edge is no different in this regard.

Cardholders enjoy an automatic, one-time review for a higher credit limit when they pay on time and spend $500 in their first six months. This credit limit increase is more an introductory bonus than a regular feature, but it still offers exceptional value. This feature mirrors the Merrick Bank Double Your Line Card, though that Merrick offer is currently only available as a secured credit card.

Statement Credit Sign-Up Bonus

However, the automatic credit line increase and 0% intro APR on balance transfers and purchases aren’t the only bonuses with the Slate Edge. New accounts also can earn a $100 statement credit after using their new card to make $500 in purchases in their first six months from account opening.

 
chase slate edge visa credit card
Chase Slate Edge's credit building roadmap

Other Card Features

The Chase Slate Edge features a variety of other benefits for building credit, with the most notable being a modest balance transfer offer. New accounts enjoy a balance transfer fee of 3%, with a minimum of $5 After 60 days, that fee becomes 5%, with a minimum of $5. This isn’t a great bonus – but it is nice to have.

The card also lets users monitor their credit score growth through Chase’s Credit Journey. This program offers free access to your credit score, plus real-time alerts and more.

Other notable features with the card include:

  • Access to My Chase Plan: Break up card purchases into minable monthly payment plans with no added interest payment, just a fixed program fee.
  • Chase Offers: Exclusive savings and offers for Chase credit cardholders.
  • Visa purchase protection for 120 days against damage or theft up to $500 per claim and $50,000 per account.
  • Extended warranty protection
  • Visa Zero Fraud Liability coverage
  • Auto Rental Collision Damage Waiver
  • Visa Roadside Dispatch
  • EMV chip and contactless payment technology
  • Mobile wallet integration

Should You Apply for the Chase Slate Edge Visa Card?

The Chase Slate Edge is a very tempting offer for those looking for a credit card with a great rate and credit boosting opportunities. The card provides an ideal springboard – not just for credit building but also for a long relationship with Chase Bank.

Chase provides some of the most lucrative rewards credit cards in the industry, with the Chase Sapphire Reserve and Sapphire Preferred being the most notable. But even the Chase Freedom Unlimited and Freedom Flex are excellent options that require good to excellent credit scores to receive.

The Slate Edge is the perfect entry point into this exclusive world while offering some nice perks on the journey. The introductory APR and statement credit bonuses are enticing – as is the chance at an automatic credit limit increase after six months of responsible use. That last feature is on par with other banks, such as Credit One and Merrick, but also dangles the carrot of future offers from Chase – something the other issuers cannot provide.

Overall, the Chase Slate Edge Visa is an attractive, impressive credit card. Sure, the card doesn’t offer lounge access, TSA Precheck, or the premium features like other Chase co-branded products, but that isn’t this card’s role. The role of a credit builder card isn’t sexy but essential, and the Slate Edge does its duty well.