Chase Slate Edge® Review

The Chase Slate Edge® offers an 18-month 0% APR on purchases and balance transfers, which is longer than most cards in MoneyGeek's database. Although it doesn't offer a rewards program, using this card responsibly can increase your credit limit and lower your regular APR.

This card is a good fit if you:

• Need a breather from interest and want to pay minimums temporarily
• Want to improve your credit score by reducing your debt-to-credit ratio

This card is even better if you:

• Want to repay your existing credit card balance from a non-Chase card and can do so in 18 months

The Chase Slate Edge® card features an 18-month 0% intro APR period on balance transfers and purchases. It's ideal if your goal is to consolidate debt or spread out the cost of a significant expense.

This card comes with no annual fee and the opportunity for a credit limit increase after six months of responsible use. However, this card has an APR penalty and charges late fees if you miss payments, which may be too big of a tradeoff for a card that doesn't offer a rewards program.

MORE >>> MoneyGeek's Best Balance Transfer Cards

You can view more details on the Chase Slate Edge® Credit Card in our table below.

The Chase Slate Edge® card can help you take control of your financial health. Here are its standout features:

Long 0% APR Offer: Benefit from 18 months with no interest on balance transfers and new purchases. This feature gives you the breathing room to reduce debt or finance a large expense without the burden of accruing interest.

Zero Annual Fee: Keep your costs down with no annual fee, ensuring that every dollar you pay goes towards your balance and not to card maintenance.

Potential APR Reduction and Credit Line Growth: Maintaining timely payments and annual spending of at least $1,000 could reduce your regular APR by 2% each year until it aligns with the Prime Rate plus 9.74%. As of February 1, 2024, the minimum APR you could achieve is 18.24%, which is calculated based on the current Prime Rate of 8.50%.

Moreover, responsible card use can qualify you for a credit limit increase, provided that you spend at least $500 six months from account opening.

Before you decide on the Chase Slate Edge®, consider these potential drawbacks:

No Rewards. This card does not offer rewards or cash back, which may be a dealbreaker if you prioritize earning on your spending. The Discover it® Balance Transfer has a similar 18-month 0% intro APR on balance transfers but comes with up to 5% cash back.

You Can Find Better 0% APR Cards. The Chase Slate Edge®’s 18-month, no-interest period is already above average. But if you need an extended timeframe to pay your existing balance, the Citi Simplicity® card offers a 21-month 0% intro APR period on balance transfers and purchases. If you’re transferring $7,000, the three-month difference can lower your required monthly payment by $55. Moreover, the Simplicity card doesn’t have late fees or penalty APRs.

Assess what credit card features best complement your spending profile and financial goals before you make your selection.

We compared other popular balance transfer cards with the Chase Slate Edge® credit card so you can evaluate how this card's terms stack up. Consider the features you want to prioritize and what benefits advance your financial goals.

Both cards offer an 18-month 0% APR on balance transfers, but the Discover it® Balance Transfer comes with 5% cash back on quarterly categories and 1% cash back on all other purchases. It also matches all the cash back you earn in the first year. Discover is a solid alternative to earn cash back on purchases while addressing your existing credit card balance.

The Citi Simplicity® card provides a longer 0% APR period of 21 months for balance transfers and purchases. In addition, it doesn’t charge a late fee or penalty APR for missed payments. If you need a longer no-interest period, the Citi Simplicity® card may be the better choice.

Our evaluation of the Chase Slate Edge® card involved comparing it with 23 other balance transfer cards. We analyzed balance transfer and other fees, the length of 0% APR offers, subsequent variable APRs and the rewards program's value, if any.