Are you in search of a credit card that can help you manage your finances better and improve your credit score?
The Chase Slate Edge℠ 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 the introductory period ends, a variable APR of 19.74% – 28.49%.
- 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, with a variable APR of 19.74%–28.49% after that.
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 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 - 18 month BT offer
The Citi® Double Cash Card – 18 month BT offer boasts a strong 2% rewards rate on purchases, where you get 1% back when you buy and 1% when you pay.
This zero-annual-fee card offers a solid earning potential as long as you pay your balance on time, and it provides a simple way to rack up points with no bonus categories to track.
You can also boost your rewards by also holding the Citi Premier® Card (review), which allows you to transfer points to airline and hotel programs. This combination effectively allows you to earn 2 airline miles per dollar on all spending with the Citi Double Cash.
Blue Cash Everyday® Card from American Express
- bonus_miles_full
- 3% Cash Back at U.S. Supermarkets, U.S. Online Retail Purchases, & U.S. Gas Stations (each on up to $6,000 per year in purchases, 1% thereafter)
- 0% Intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, a reg_apr,reg_apr_type APR.
- No Annual Fee (Rates and Fees)
The Blue Cash Everyday® Card from American Express is a great no-annual fee credit card option that earns 3% cash back at U.S. supermarkets, U.S. online retail purchases, & U.S. gas stations (each on up to $6,000 per year in purchases, 1% thereafter).
The Blue Cash also offers $7 back each month after using your Blue Cash Everyday Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, including Disney+, Hulu, and ESPN+. (Enrollment required.)
Plus, a $180 annual credit for Home Chef purchases in the form of a monthly $15 statement credit
Capital One Quicksilver Cash Rewards Credit Card
- Earn a bonus_miles_full.
- 1.5% Cash Back on Every Purchase
- 5% Cash Back on Hotels and Rental Cars Booked via Capital One Travel
- 0% intro APR on purchases and balance transfers for 15 months. After that, reg_apr,reg_apr_type.
- No Annual Fee
The Capital One Quicksilver Cash Rewards Credit Card is a no-annual-fee credit card offering 1.5% cash back on all purchases.
It also comes with nice benefits such as no foreign transaction fees, extended warranty, and travel accident insurance.
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 the introductory period ends, a variable APR of 19.74% – 28.49%.
- 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.
