Chase Slate Edge Overview: A sensible card for debt consolidation and enormous purchases

Chase Slate Edge℠ Highlights

Card kind: Steadiness switch, 0% APR

• Intro APR: 0% intro APR for the primary 18 months on purchases and steadiness transfers
• Annual Price: $0
• Rewards: This card doesn’t earn rewards

Overview

The Chase Slate Edge℠ is a no-frills card with a $0 annual charge, making it a gorgeous alternative for people seeking to consolidate their debt reimbursement and repay their steadiness over time. It is also a helpful card if you have to make a big buy as a result of the cardboard presents buy safety and prolonged guarantee advantages.

Slate Edge cardholders can reap the benefits of 0% intro APR for the primary 18 months on steadiness transfers and purchases. After that, 20.49%–29.24% variable variable APR. 

For steadiness transfers made inside 60 days of account opening, there’s additionally a charge of both $5 or 3% of the quantity of every switch, whichever is larger. For transfers made after that, there’s a charge of both $5 or 5% of the quantity of every switch, whichever is larger.

Plus, after the 0% APR interval ends, you may get a yearly discount in your APR. Cardholders might be eligible for an APR discount of two% (up till their APR is the prime charge plus 9.74%) in the event that they make well timed funds and spend at the least $1,000 on their card by their subsequent account anniversary. 

Cardholders are additionally eligible to obtain a credit score restrict enhance after they pay on time and spend $500 inside the first six months.

Whereas the automated credit score restrict enhance and APR discount are fascinating options, they’re not standout perks, particularly contemplating there are 0% APR playing cards with higher rewards, welcome bonuses, and perks.

Who’s Chase Slate Edge℠ good for? 

The Chase Slate Edge℠ caters to those that want an extended interval to repay their purchases or who need to consolidate their debt. 

Although this card lacks flashy perks, it encourages accountable credit score administration as a result of it presents a possible 2% yearly APR discount and credit score restrict will increase after six months. You’ll additionally get sensible advantages like buy safety, prolonged guarantee protection, and an auto rental collision harm waiver. 

Who shouldn’t get Chase Slate Edge℠? 

The Chase Slate Edge℠ is probably going not the most effective match for cardholders who prioritize flashy perks, beneficiant rewards, and welcome bonuses. In the event you’re looking for a card with helpful perks and options past the 0% intro APR interval, you must think about different playing cards.

Chase Slate Edge℠ Card charges and charges

• Annual charge: $0
• International transaction charge: 3% of the quantity of every transaction in U.S. {dollars}
• Intro APR: 0% intro APR for the primary 18 months your account is open
• Buy APR: 20.49%–29.24% variable

Steadiness switch: 0% for the primary 18 months your account is open plus a charge of both $5 or 3% of the quantity of every switch, whichever is larger. Transfers made after 60 days of account opening are topic to a charge of both $5 or 5% of the quantity of every switch, whichever is larger. After that, 20.49%–29.24% variable.

Extra advantages

• Obtain a decrease rate of interest yearly. In the event you make well timed funds and spend a minimal of $1,000 in your card by your subsequent account anniversary, chances are you’ll be eligible for an as much as 2% APR discount. This discount will proceed till your APR reaches the Prime Price plus 9.74%.
• Automated credit score restrict enhance. In the event you spend $500 and pay your invoice on time, you’ll routinely be reviewed for a credit score restrict enhance inside your first six months.
• Buy safety. If there’s harm or theft to your new buy inside 120 days, you would be eligible for as much as $500 of protection.
• Prolonged guarantee safety. Whenever you make a purchase order with a guaranty of three years or much less, chances are you’ll be eligible for an extension of the guarantee for an additional yr.
• Auto rental collision harm waiver. Whenever you decline the rental firm’s collision insurance coverage and use your card to make the acquisition, you obtain insurance coverage for theft and collision of your rental automotive. 
• Complimentary 3 month DashPass membership. Activate by December 31, 2024.
• Complimentary 3 month Instacart+ membership. Activate by July 31, 2024.

Bank cards just like Chase Slate Edge℠

Whereas the Chase Slate Edge℠ is an honest 0% APR card, there are playing cards with longer intro APR intervals. The U.S. Financial institution Visa® Platinum Card presents a 21-month 0% intro APR interval on purchases and balances. Nevertheless, just like the Slate Edge, this card doesn’t present rewards. 

In the event you’re extra eager about incomes cash-back or a welcome bonus, the Wells Fargo Energetic Money is a flat cash-back card with a welcome bonus along with an prolonged intro APR. 

U.S. Financial institution Visa® Platinum Card vs. Chase Slate Edge℠

The U.S. Financial institution Visa® Platinum Card is a no-annual-fee card providing a 0% intro APR interval on purchases and steadiness transfers for 21 billing cycles. After that, 18.74%–29.74% variable APR. 

And the charge you’ll pay for steadiness transfers with the U.S. Financial institution Visa Platinum Card is lower than the charge you’d pay with the Slate Edge (after 60 days of card opening). Visa Platinum cardholders pay a charge of both 3% of the quantity of every switch or $5 minimal, whichever is larger. 

You additionally received’t obtain rewards with this card, however you’re going to get some helpful protections like cellular phone safety, which supplies as much as $600 reimbursement (whenever you use your card to pay your invoice) in case your cellular phone is stolen or broken. 

Wells Fargo Energetic Money® Card vs. Chase Slate Edge℠

Not like the U.S. Financial institution Visa Platinum Card and Chase Slate Edge℠, the Wells Fargo Active Cash presents stable money rewards. With this $0 annual charge card, you may earn 2% again on all eligible purchases.

Plus, you may earn a $200 money rewards bonus by spending $500 on purchases within the first three months of card opening. And most notably, this card supplies a 0% intro APR interval on purchases and balances from the primary 15 months from account opening. After that, a 20.24%, 25.24%, or 29.99% variable APR.

You’ll additionally should pay a barely hefty charge for steadiness transfers. You’ll pay an introductory charge of $5 or 3% of the quantity of every steadiness switch, whichever is larger, for transfers initiated 120 days from account opening. You’ll should pay 5% for every steadiness switch, with a minimal of $5 after that.

General, this card presents a barely shorter 0% intro APR interval than the Chase Slate Edge℠ nevertheless it might be higher in the long term given its modest rewards. 

Incessantly requested questions

Is the Chase Slate Edge℠ arduous to get?

For some, the Chase Slate Edge℠ could also be arduous to get as you’ll want a good FICO credit score of 690 or higher to qualify.

Is the Chase Slate Edge℠ higher than the Chase Sapphire?

Whereas the Chase Slate Edge℠ is thought for its 18-month 0% intro APR interval on steadiness transfers and purchases, the Chase Sapphire Preferred^® Card and Chase Sapphire Reserve® are journey bank cards that provide stable perks, rewards, welcome bonuses, and protections. 

The cardboard that’s greatest for you relies on your spending habits, journey preferences, funds, and monetary wants.

What are the advantages of the Slate Edge?

The first advantages of the Slate Edge card are the 0% intro APR for the primary 18 months intro APR interval on steadiness transfers and purchases and the automated issues for APR reductions and credit score restrict will increase. The cardboard additionally presents prolonged guarantee and buy safety that are helpful for big purchases. 

Please word that card particulars are correct as of the publish date, however are topic to vary at any time on the discretion of the issuer. Please contact the cardboard issuer to confirm charges, charges, and advantages earlier than making use of.