Are you in search of a credit card that can help you manage your finances better and improve your credit score?
The card_name may be the solution you need. With its unique feature of decreasing APR rates based on on-time payments and other benefits such as an automatic credit line increase, this card may be worth considering.
In this article, we will take a closer look at the features and benefits of the Chase Slate Edge credit card, and help you decide if it is the right card for you.
- 0% Intro APR for 18 months from Account Opening on Purchases and Balance Transfers. After that, a reg_apr,reg_apr_type APR.
- No Annual Fee
- Potentially Lower Interest Rate by 2% Each Year
- Purchase Protection
- Extended Warranty
- Secondary Rental Car Insurance
Welcome Offer
The Chase Slate Edge doesn’t have a traditional welcome offer such as bonus points or cash.
However, the card offers a 0% Intro APR for 18 months on purchases and balance transfers, after that a reg_apr,reg_apr_type APR.
Earning Rewards
The Chase Slate Edge does not offer rewards on spending like most traditional credit cards. This card instead focuses on helping people consolidate their debt and build their credit score with on-time payments.
Annual Fee
The Chase Slate Edge doesn’t have an annual fee which helps you save money every year.
Chase Slate Edge Card Benefits
The Chase Slate Edge credit card is designed for people who need to build or fix their credit, so it doesn’t have a rewards program.
However, it still offers plenty of valuable benefits that you can take advantage of to help you on your financial journey.
Lower Your APR
One of the main selling points of the Slate Edge card is that if you pay on time and spend at least $1,000 on your card by your next account anniversary, your APR will be reduced by 2% until it reaches the Prime Rate plus 9.74%.
Secondary Rental Car Insurance
Secondary rental car insurance covers any damage to or theft of a rental car not covered by your primary insurance when you pay for the rental using this card.
Other credit cards offer primary rental car insurance, which pays before your insurance and saves you the hassle of filing multiple insurance claims.
You still need to maintain liability car insurance to cover damage to another person or property.
Extended Warranty
Credit card extended warranty protection adds up to an additional year of coverage for eligible purchases on manufacturer’s warranties up to 3 years.
Coverage matches the protection provided by the original warranty so that damage or defect would have to be covered by the original warranty for extended warranty coverage.
Purchase Protection for 120 Days
Purchase protection can save you a lot of money if you bought an eligible item that is damaged or stolen within 120-days.
For example, if accidentally dropped your new phone or laptop and broke the screen, you could file a claim to get it replaced if it was purchased within the last 120 days.
Pros and Cons
Here’s a quick overview of this card’s advantages and disadvantages:
Pros
- Introductory APR for balance transfers and new purchases.
- Potentially lower your APR down to 9.74%.
- No annual fee.
Cons
- No rewards program.
- Foreign transaction fees.
Card Alternatives to the Chase Slate Edge
Now that you know about this credit card’s various benefits and pros and cons, it’s time to see its alternatives.
Citi® Double Cash Card
The Citi® Double Cash Card stands out with its straightforward approach to rewards, offering up to 2% back on every purchase – 1% when you buy and 1% when you pay. This no-nonsense card becomes even more powerful when paired with a premium Citi card, allowing you to transform your cash back into valuable transferable ThankYou points.
Welcome Bonus: Earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.
Earning Rewards: 2% cash back on all eligible purchases (1% cash back when you buy and 1% when you pay for your purchases).
Blue Cash Everyday® Card from American Express
The Blue Cash Everyday® Card from American Express (review) offers 3% cash back on up to $6,000 per year in eligible purchases at U.S. supermarkets, U.S. online retailers, and U.S. gas stations, plus credits for eligible subcriptions.
Welcome Bonus: Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.
Earning Rewards: 3% cash back at US Supermarkets, US online retail purchases, and US gas stations; 1% back on all other eligible purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
Card Benefits: Eligible subscription credit (earn $7 back as statement credit for a subscription purchase, including a bundle subscription purchase, at Disneyplus.com, Hulu.com, or Plus.espn.com U.S. websites; enrollment required), secondary rental car insurance, and purchase protection.
Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card (review) keeps rewards simple with unlimited 1.5% cash back on all purchases and includes useful benefits like no foreign transaction fees. The card works best for people seeking a low-maintenance rewards experience, though its earning rate falls behind more specialized cash back cards.
Welcome Bonus: bonus_miles_full
Earning Rewards: 5% cash back on hotels and rental cars booked through Capital One Travel; 1.5% cash back on all other eligible purchases.
Card Benefits: No foreign transaction fees, extended warranty, travel accident insurance, and a 0% intro APR for 15 months from account opening on purchases, then a reg_apr,reg_apr_type APR .
Is the Chase Slate Edge Worth It?
The Chase Slate Edge is a decent option for individuals who want to consolidate debt or make big purchases without paying interest for a certain period.
However, it’s important to note that the Chase Slate Edge does not come with a rewards program, which may not be ideal for those who want to earn cashback or other rewards for their spending.
- 0% Intro APR for 18 months from Account Opening on Purchases and Balance Transfers. After that, a reg_apr,reg_apr_type APR.
- No Annual Fee
- Potentially Lower Interest Rate by 2% Each Year
- Purchase Protection
- Extended Warranty
- Secondary Rental Car Insurance
For rates and fees of the Blue Cash Everyday® Card from American Express, please click here. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.
