A savvy pick for dodging or lowering credit card interest

Chase Slate Edge® Review

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ByDoug Milnes, CFA
Reviewed byAlene Laney
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ByDoug Milnes, CFA
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Reviewed byAlene Laney
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Updated: June 10, 2024

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MoneyGeek’s Take

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
Chase Slate Edge℠
Credit Card logo for Chase Slate Edge℠
MoneyGeek Rating
4/ of 5

Balance Transfer Offer0% for 18 months on balance transfers
Balance Transfer FeeIntro fee of either $5 or 3% of the amount of each...
Annual Fee$0
Recommended Credit670-850 (Good to Excellent)

Chase Slate Edge® Card Overview

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

Chase Slate Edge® Card Details

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

Details
Description

Card Type

Balance Transfer, Zero Interest

Annual Fee

$0

Welcome Offer

Qualify for an automatic credit limit increase review by making on-time payments and spending at least $500 within the first six months of card ownership. By making timely payments and spending a minimum of $1,000 on your card before your next account anniversary, you'll be eligible for a 2% APR reduction each year. This reduction will continue until your APR matches the Prime Rate plus 9.74%.

Introductory Offer

None

Introductory APR

0% interest for 18 months on purchases and balance transfers, then 20.49% - 29.24% variable APR after that

Why You Might Want This Card

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.

Why You Might Want a Different Card

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.

How to Get the Most Out of Your Chase Slate Edge® Card

Maximize your Chase Slate Edge® card with these tips:

1
Transfer Balances Strategically

Move debt from high-interest cards during the 0% APR period, and do it within 60 days to take advantage of the lower balance transfer fee.

2
Devise a Payoff Plan

Calculate monthly payments and plan to eliminate your balance before the introductory period ends. You can even try to pay off your balance in 12–15 months, so you’ll have time to catch up if you still have a balance after the initial period.

3
Spend Wisely

A higher credit limit and a reduced APR are great benefits, along with the bonus of free DashPass and Instacart+ memberships. However, we don't recommend making unnecessary purchases just to utilize these perks. The advantage of avoiding new debt and maintaining financial peace of mind far surpasses the initial attractions of the card's welcome offers.

How Chase Slate Edge® Compares

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.

Chase Slate Edge® vs. Discover it® Balance Transfer

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.

Chase Slate Edge® vs. Citi Simplicity®

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.

How We Evaluated the Chase Slate Edge® Card

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.

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


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*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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