Chase Slate Edge Credit Card Review 2023
Is It the Best Credit Card for Your Startup?
Last Updated: By TRUiC Team
The Chase Slate Edge credit card is a solid choice for small business owners who need to expand their purchasing options. The Chase Slate Edge stands out for its $0 annual fee and 0% purchase and balance transfer APR for 18 months. However, it is lacking in the rewards department (i.e., there are no rewards) and charges a balance transfer fee that can add up if you transfer a significant balance.
With all that in mind, let’s dive into what the Chase Slate Edge credit card is, how it compares to other startup credit cards, and whether it’s the right card for you as a business owner.
Recommended: Read our guide to the Best Credit Cards for Startups.
Chase Slate Edge Eligibility Requirements
Like most other credit cards with a 0% purchase and balance transfer APR, the Chase Slate Edge credit card is available to those with good credit or better credit – you need a 700 credit score or higher to qualify. That means that this card may not be one of the best credit cards for startups – at least not for startup founders with only mediocre credit scores.
If you do have a credit score of around 700 or higher, you are likely eligible for this card and can take advantage of the respectable purchase and balance transfer deal it offers. But if your credit score is below 690, consider looking for a different card.
Pros and Cons of Chase Slate Edge Credit Card
Pros of Chase Slate Edge
- 0% APR for 18 months from account opening on purchases and balance transfers - with variable APR of 17.24%–25.99%
- If you spend at least $1,000 on your card per year, you’ll automatically be considered for a 2% APR reduction
- Automatic one-time review for credit limit increase when you pay on time and spend $500 in your first six months
- No annual fee
Cons of Chase Slate Edge
- 3% foreign transaction fee
- Balance transfer fee of 3% for the first 60 days of account holding, then $5 or 5% of the amount of each balance transfer, whichever is greater
- No rewards for purchases
Chase Slate Edge Credit Card Fees and Features
The Chase Slate Edge credit card is a mixed bag when it comes to fees and features. In some ways, it offers a good deal, like its 0% APR for 18 months on purchases and balance transfers. In other ways, it falls short – like its lack of rewards and relatively high balance transfer fees.
Rewards and Benefits
- Purchase protection on new purchases for 120 days, up to $50,000 per account and $500 per claim
- Auto rental collision damage waiver
- Extended warranty protection on eligible products for one year
- Zero liability on unauthorized purchases
- 24/7 customer support
- Introductory APR: 0% for 18 months from account opening on purchases and balance transfers, with variable APR of 17.24%–25.99%
- Cash Advance APR: 27.24%
- Max Penalty APR: 29.99%
- Foreign Transaction Fee: 3%
- Balance Transfer Fee: 3% for the first 60 days of account holding, then $5 or 5% of the amount of each balance transfer, whichever is greater
- Cash Advance Fee: Either $10 or 5% of the amount of each transaction, whichever is greater.
- No annual fees
The Chase Slate Edge credit card is comparable to other 0% intro APR cards with the exception of rewards. While it gives you many of the same standard rewards you get from other credit cards, such as rental car collision insurance, it doesn't offer any sort of rewards program (no cash back on purchases, no rewards points, and so on).
How Does Chase Slate Edge Compare?
The Chase Slate Edge card is a solid choice for startup owners that need a credit card without any frills and a 0% APR. If you want to make purchases or transfer balances at 0%, the 18-month intro APR might be just what you are looking for. It’s also worth noting that you can lower your APR each year if you meet Chase’s requirements.
However, if you want to get rewards from your purchases, there are better cards available – since the Slate Edge offers no rewards program. One alternative card to consider is the Citi Rewards + card. It also offers a 0% APR – though for a slightly shorter time period – and includes a rewards program.
Chase Slate Edge
$0 Annual Fee
Reduce your APR by 2% per year if you pay on time and spend $1,000 per year.
Best for: Those who want a long 0% APR on purchases and balance transfers and don’t care about rewards programs.
Citi Rewards+ Card
Rewards program gets you extras for the money you spend.
Best for: Those who want to get rewards for their purchases and don’t mind having three months less of a 0% intro APR period.
Final Thoughts on Chase Slate Edge
The Chase Slate Edge credit card is a solid choice for startup owners that want a 0% APR on purchases and balance transfers. It doesn’t offer a reward program, so it’s not a good fit for those that want to get things like cash back or points on purchases. But it does offer a long intro APR that can save you money on much-needed purchases.
If you do want a card that gives you rewards, consider looking at other options. There are 0% APR cards out there that do include rewards programs, although the intro period may not last quite as long as the Chase Slate Edge.
Frequently Asked Questions
What is the Chase Slate Edge?
The Chase Slate Edge is one of many credit cards from Chase, which offers a 0% APR on purchases and balance transfers for 18 months and doesn't include a rewards program.
What credit score do you need for Chase Slate edge?
You need at least a 690 credit score to qualify for this card.
Is Chase Slate and Chase Slate Edge the same?
The Chase Slate Edge is the new version of the Chase Slate. The Chase Slate is no longer available.