Chase Slate Edge review 2024: Double-duty debt-buster
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BLUEPRINT
Updated 1:13 p.m. UTC Jan. 11, 2024
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The Chase Slate Edge℠ * The information for the Chase Slate Edge℠ has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. offers a lengthy introductory APR period on purchases and balance transfers and a chance to decrease your regular APR annually, transforming it into a card with a low, ongoing APR — a highly unusual combo anyone with a big balance can benefit from. Read our Chase Slate Edge review to learn more.
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Chase Slate Edge basics
- Annual fee: $0.
- Welcome bonus: None.
- Rewards: None.
- APR: 0% intro APR for the first 18 months on purchases and balance transfers, then a variable APR of 20.49% - 29.24% applies. An intro transfer fee of either $5 or 3% of each transfer, whichever is greater, applies on transfers made in the first 60 days. After that, a fee of either $5 or 5% of each transfer, whichever is greater applies.
- Perks and benefits: Possibility to lower APR by 2% each account anniversary year with good payment behavior.
- Does the issuer offer a preapproval tool? No.
- Recommended credit score: Good to excellent.
Introduction
If you’re trying to tame a mountain of debt, the Chase Slate Edge credit card has an edge on the competition. It may not offer the lengthiest intro APR offer on the market, with a 0% intro APR for the first 18 months on purchases and balance transfers, then a variable APR of 20.49% - 29.24% applies. An intro transfer fee of either $5 or 3% of each transfer, whichever is greater, applies on transfers made in the first 60 days. After that, a fee of either $5 or 5% of each transfer, whichever is greater applies. However, it offers other long-term advantages when it comes to high-interest credit card debt.
One of the most unique attributes of the Slate Edge is that each year you pay your statement on time and spend at least $1,000 on the card, you’ll be considered for a 2% APR reduction — every year until your APR reaches the prime rate plus 9.74%.
In addition, the Slate Edge lets you break up payments using My Chase Plan℠, which allows you to pay off a purchase of $100 or more in installments for a fixed monthly fee of 1.72% of the amount of the purchase. Depending on the size of the purchase and the plan, this could be less expensive than revolving a balance at your card’s regular APR. Plan durations range from three to 24 months, based on the purchase amount, your creditworthiness and your account history.
No other card that we know of has this combination of helpful attributes all aimed at helping reduce your credit card debt. If you’re looking for a one-and-done card to help you get out of debt, choose a card with the longest 0% APR period you can find. But if you know you often carry a balance, this card can help reduce the burden of accruing interest.
Want to understand interest charges better? Here’s how credit card interest works.
Pros
- No annual fee: Cardholders get to enjoy spending on their card as little or as much as they’d like without having to pay an annual fee.
- Lower interest by 2% each year: If you pay your bill on time every month and spend at least $1,000 on your card in an account anniversary year, your regular APR could decrease annually — a feature not typically found on most credit cards.
- Raise your credit limit: Cardholders who pay on time and spend at least $500 on purchases in the first six months of opening an account will get an automatic review for a credit limit increase.
Cons
- No rewards: There’s no opportunity to earn rewards on your spending.
- Good to excellent credit required: Those with heavy credit card debt may not have good enough credit to qualify for the card.
- Balance transfer fee: A balance transfer fee is common on cards that offer an intro period when you move debt over from another card, but just be aware this will add to the total amount of debt you have to pay off — Either $5 or 5% of the amount of each transfer, whichever is greater.
How the Chase Slate Edge credit card compares to other intro APR credit cards
Chase Slate Edge vs. Chase Freedom Unlimited®
The no-annual-fee Chase Freedom Unlimited® also has an intro APR offer of 0% intro APR for the first 15 months on purchases and balance transfers, then a variable APR of 20.49% to 29.24%. An intro transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, applies in the first 60 days. After that, a fee of either $5 or 5% of each transfer applies.
Plus, the Freedom Unlimited offers elevated rewards across a wide expanse of categories, making it a card worth keeping long past the intro APR period. Cardholders earn 5% cash back on travel purchased through Chase Travel, 3% cash back on eligible dining and drugstore purchases and 1.5% cash back on all other purchases.
If you don’t typically carry a balance on your credit card, the rewards-earning potential of this card makes it a superior choice over the Slate Edge.
Chase Slate Edge vs. Capital One Quicksilver Cash Rewards Credit Card * The information for the Capital One Quicksilver Cash Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
The Capital One Quicksilver Cash Rewards Credit Card * The information for the Capital One Quicksilver Cash Rewards Credit Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. is another no-annual-fee option that comes with both an intro APR offer and earns rewards. It provides a 0% intro APR on purchases and balance transfers for 15 months, then a 19.99% to 29.99% variable APR. There is a 3% fee on each balance transfer in the first 15 months but no fee for amounts transferred at the purchase APR after the first 15 months.
You can earn 1.5% cash back on purchases and 5% cash back on hotels and rental cars booked through Capital One Travel.
The simple rewards structure on the Quicksilver makes it a strong choice for those new to credit cards and trying to get accustomed to earning credit card rewards.
Chase Slate Edge vs. Citi Simplicity® Card * The information for the Citi Simplicity® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
If you’re looking for the longest runway possible on a balance transfer, consider the Citi Simplicity® Card * The information for the Citi Simplicity® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. . Although it doesn’t offer rewards, it comes with a 0% intro balance transfer APR for 21 months from the first transfer and 0% intro purchase APR for 12 months from account opening. After that, the variable APR will be 19.24% to 29.24%. There is an intro balance transfer fee of $5 or 3% of the transfer, whichever is greater, for transfers made in the first four months. After that, a balance transfer fee of either $5 or 5% of each transfer, whichever is greater, applies.
Those few extra months compared to the length of time on the Slate Edge’s balance transfer offer might be helpful.
The Citi Simplicity doesn’t charge any annual fees, late fees or assess a penalty APR for paying late, but know that late and missed payments can severely damage your credit score.
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Citi Double Cash® Card
Should you get the Chase Slate Edge Card?
The Chase Slate Edge offers a path towards whittling away high-interest debt. If you have the credit chops to qualify, it can be a useful tool to pay off a balance. But if you’re looking for a rewards credit card, this isn’t the right card for you.
Which is the best credit card for your situation? Our guide walks you through how to choose the right card for your needs.
Methodology
Our credit card team has spent hours analyzing hundreds of credit cards. We took a deep dive into the details of each product and that analysis, combined with our years of experience covering credit cards, informed us as we developed these credit card rankings.
Frequently asked questions (FAQs)
The Chase Slate Edge typically requires a good to excellent credit score. A good FICO Score typically starts at 670, but some issuers prefer scores in the 700s.
The minimum credit line offered by Chase Slate Edge if approved for the card is $500.
Yes, Chase will do a hard credit pull that will appear on your credit report if you choose to apply for this card.
*The information for the Capital One Quicksilver Cash Rewards Credit Card, Chase Slate Edge℠ and Citi Simplicity® Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.
Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.
Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.
