Chase Slate Edge Card Review: 0% Intro APR, Meager Long-Term Benefits

The card features a 0% intro APR period, and comes with a small cash bonus. Cardholders also have the opportunity to lower their ongoing interest rate and increase their credit limits.
Funto OmojolaAug 27, 2021

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

SOME CARD INFO MAY BE OUTDATED
This page includes information about the Chase Slate Edge℠ currently unavailable on NerdWallet.

Our Take

4.1

NerdWallet rating 

The bottom line: It offers an interest-free period that can help pay down debt at no cost, as well as credit building tools for those looking to get back on track. But there's no incentive to keep the card after you’ve paid off your balance and built up your credit.

Chase Slate Edge℠ Credit Card

Chase Slate Edge℠

Annual Fee

$0

Regular APR

14.99% - 23.74% Variable APR

Intro APR

0% intro APR for 12 months on purchases and balance transfers

Recommended Credit Score

Quick Facts

Pros & Cons

Pros

  • Intro APR period

  • No annual fee

  • New cardholder bonus offer

Cons

  • Requires good/excellent credit

  • Has balance transfer fee

  • No rewards

Alternate Pick: Earn ongoing rewards

Discover it® Cash Back
NerdWallet rating 

Discover it® Cash Back

Interest-free period

This $0-annual-fee card features a 0% intro APR for 14 months on purchases and balance transfers. Plus, cardholders can earn 5% cash back on up to $1,500 in combined quarterly spending in rotating bonus categories (all other purchases earn 1% back).

Read our review

Compare to Other Cards

Chase Slate Edge℠ Credit Card

Chase Slate Edge℠

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual Fee

$0

Annual Fee

$0

Annual Fee

$0*

Regular APR

14.99% - 23.74% Variable APR

Regular APR

13.74% - 23.74% Variable APR

Regular APR

14.49% - 24.49%* Variable APR

Rates & Fees

Intro APR

0% intro APR for 12 months on purchases and balance transfers

Intro APR

0% intro APR on Purchases and Balance Transfers for 18 months

Intro APR

0%* intro APR for 20 billing cycles on purchases and balance transfers*

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

Get more smart money moves — straight to your inbox

Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love.

Full Review

The $0-annual-fee Chase Slate Edge℠ offers a 0%-interest 12-month promotional period, plus a limited-time sign-up bonus.

While the introductory 0%-interest period applies to balance transfers as well as new purchases, cardholders will be charged a balance transfer fee of 3%. That means it will cost cardholders to transfer over existing debt. The Chase Slate Edge℠ also comes with an opportunity for cardholders to lower their ongoing interest rate as well as increase their credit limit.

Despite these potential credit-building features, the card is not fair-credit-friendly, as potential applicants will need good to excellent credit (a FICO score of 690 to 850) to qualify. Consumers with credit scores of 690 and higher can find more rewarding card options that can also help to build credit.

Nerdy tip: The original Chase Slate® closed online to new applicants in 2020. While it had no sign-up bonus, it was one of the rare balance transfer cards you could qualify for with fair credit (a FICO score of 630 to 689). Plus, it was a “triple-zero” card: It offered a promotional $0 balance transfer fee, a $0 annual fee and a lengthy 0% intro APR period. The Chase Slate Edge℠, meanwhile, has a balance transfer fee and requires good to excellent credit.

Chase Slate Edge℠: Basics 

Annual fee: $0.

Sign-up bonus: Receive a $100 bonus on your statement when you spend $500 in your first six months from account opening.

Ongoing rewards: None.

APR: 0% intro APR for 12 months on purchases and balance transfers, and then the ongoing APR of 14.99% - 23.74% Variable APR.

Foreign transaction fee: 3%.

Balance transfer fee: 3% for the first 60 days of account holding, then $5 or 5% of the amount of each balance transfer, whichever is greater.

Other benefits:

  • Automatic consideration for a 2% APR reduction when you spend $1,000 by your next account anniversary and make timely payments.

  • One time automatic review for a higher credit line increase when you spend $500 in the first six months of account holding and make timely payments.

  • Access to Chase’s digital credit tools Credit Journey, a free tool for tracking your credit score and monitoring your identity, and My Chase Plan.

Benefits of the Chase Slate Edge℠ 

It comes with a 0% intro APR 

The Chase Slate Edge℠ comes with an introductory interest-free period that can help cardholders pay down credit card debt at no cost: 0% intro APR for 12 months on purchases and balance transfers, and then the ongoing APR of 14.99% - 23.74% Variable APR.

The card features a slightly shorter interest-free window than what other 0% APR and balance transfer cards offer. Plus, cardholders will have to pay a balance transfer fee of 3% (or $5, whichever is greater). But compared with starter or credit building cards, the interest-free window is lengthier — few starter cards or cards for building credit offer interest-free benefits, and those that do typically offer promotional APR periods of six months or less.

You’ll be rewarded for good credit card habits

Cardholders will automatically be considered for a 2% APR reduction each year (until it reaches the Prime Rate plus 9.74%) when they make their card payments on time and spend at least $1,000 by their account anniversary. While the card’s interest-free period can buy you some time as you pay down credit card debt, once that period ends, you’ll be charged the card’s ongoing interest rate — which will apply to new purchases and balance transfers that you don’t pay off, as well as to any unpaid balance left over from the introductory period. To this end, a 2% yearly APR reduction can go a long way in saving you money if you end up carrying a balance after the card’s promotional period. Plus, it can be a great tool for those whose credit scores aren't high enough to qualify for a lower APR.

Additionally, making timely payments with the card can potentially help to improve your credit score. Customers who spend $500 in the first six months of holding the card are automatically eligible for an automatic, one-time review for a credit line increase. A higher credit limit can potentially help to lower your credit utilization and in turn, positively impact your credit score by giving you more wiggle room with how much of your credit line you can spend.

Potential to earn bonus statement credit

The Chase Slate Edge℠ comes with the following limited-time bonus: Receive a $100 bonus on your statement when you spend $500 in your first six months from account opening. This bonus can get you a nice sum of cash for a low spending requirement within a fairly lengthy period of time — especially considering the card’s $0 annual fee.

Drawbacks and alternatives to consider

No rewards

The card’s 0%-intro APR offer can help you save money in interest. But beyond this promotional period, the Chase Slate Edge℠ doesn’t offer much long-term benefit when it comes to rewards.

If your priority is to pay down debt and build credit, a lack of rewards might not be a deal-breaker for you. However, there are 0% APR cards that offer benefits and rewards that incentivize cardholders to keep them after their interest-free window closes.

The Wells Fargo Active Cash℠ Card, for example, features a 15-month 0% APR period for purchases and balance transfers, as well as high ongoing rewards. Cardholders can earn an unlimited 2% cash back on all purchases. It also offers the following rich welcome offer: New! Earn a $200 cash rewards bonus after spending $1,000 on purchases in the first 3 months.

And more starter credit cards and credit-building options are beginning to offer additional incentives like ongoing rewards that allow you to build credit and enjoy long-term perks as well.

It charges a balance transfer fee

Although there's an APR-free period for balance transfers, the card still charges a 3% balance transfer fee for the first 60 days, then 5% or $5, whichever is greater. This means that although you’ll be able to save money on interest, you’ll still be charged 3% of the total initial amount transferred.

Although cards that charge no balance fee are few and far between these days, there are some options, mainly from regional banks and credit unions, that won’t charge you to transfer a balance.

You’ll need good credit to get the card

The Chase Slate Edge℠ requires good to excellent credit (a FICO score of 690 to 850) to qualify for the card.

For a card with credit building benefits, this score requirement limits access for those with fair or poor credit scores (FICO scores of 689 and below).

More so, consumers with credit scores 690 or higher can qualify for better card options that offer more benefits and perks, such as high ongoing rewards, lucrative sign-up bonuses and much lengthier 0% intro APR periods.

If you have good credit score, you can qualify for the $0-annual-fee Discover it® Cash Back, for example. It offers a ​​0% intro APR for 14 months on purchases and balance transfers, and then the ongoing APR of 11.99% - 22.99% Variable APR. Plus, cardholders can earn 5% cash back on up to $1,500 in combined quarterly spending in rotating bonus categories (all other purchases earn 1% back).

Should you get the Chase Slate Edge℠?

The Chase Slate Edge℠ can offer short-term benefits for cardholders looking to pay down existing credit card debt without being charged any interest, while they build up their credit.

However, there are other 0% intro APR cards that offer longer interest-free periods and that come with more lucrative benefits — especially for those with good to excellent credit scores.