Chase Slate Edge card offers long-term 0% APR promotions without rewards programs, making it ideal for people looking for long-term financing without earning rewards. Unfortunately, however, its foreign transaction fee may make it less appealing for frequent travelers.
It can also help those with fair credit improve their score through its 0% intro rate on debt and purchases.
1. 0% intro APR for 18 months on purchases and balance transfers
If you’re in the market to transfer credit card balances or finance large purchases, consider the Chase Slate Edge’s 0% intro APR offer as it could save money on interest costs over 18 months.
Once your 0% APR period ends, the variable APR for purchases and balance transfers will become 18.24 percent; this rate is fairly typical among credit cards; however, Slate Edge doesn’t set limits to how high this can go.
This card does offer some unique extras not typically seen with other 0% APR credit cards, including purchase protection and extended warranty coverage. Furthermore, after six months of using and paying on time for purchases made with it, an automatic review process will determine if your credit limit should increase, helping improve your credit utilization ratio.
Chase Slate Edge stands out with its low 3-percent foreign transaction fee and $5 or 5 percent (whichever is greater) balance transfer fee during its first 60 days after account opening. Additionally, you will enjoy an introductory balance transfer fee for any transfers done within 60 days after account opening.
The Chase Slate Edge lacks sign-up bonuses or ongoing rewards, which makes it less competitive among cards with rewards and interest savings features. Although its additional perks – such as complimentary DoorDash DashPass and Instacart+ memberships (must enroll by December 31, 2024) may add value for frequent diners or grocery shoppers, due to an initial 0% intro APR period limited to 12 months – may still make this card suitable, it should only be chosen if debt repayment will occur within this introductory window of 0% intro APR period.
2. Earn 2% cash back on up to $20,000 in purchases each year
Though this card doesn’t offer a sign-up bonus, it does provide additional perks that add value. For example, it offers a 2% reduction in APR each year when paying on time and meeting certain spending thresholds (such as $500 at office supply stores or gas stations). Furthermore, purchase protection and extended warranty coverage provide added peace of mind should a claim need to be filed.
An added advantage of using the American Express Black card is the potential to earn 3% cash back on spending of at least $1,500 each quarter on categories that change every quarter, such as clothing stores, restaurants and drugstores – more generous than most cards offering this level of rewards! And no foreign transaction fees apply with this card!
No credit limit increase fee makes this card ideal when financing large purchases, and its online tools help track spending and monitor credit scores. Cardholders also enjoy special benefits, including three complimentary months of DoorDash DashPass and Instacart+ subscription, plus automatic credit line review every six months.
Overall, the Chase Slate Edge card is an ideal way to consolidate debt and reduce interest payments with its long-term 0% APR offer or finance new purchases without accruing interest thanks to its 2% annual rate reduction feature. If your goal is earning rewards with purchases or you already possess excellent credit scores, other cards may offer greater introductory APR offers and rewards packages such as the Chase Sapphire Preferred. Its higher introductory 0% APR allows points 1:1 transfers into airline and hotel loyalty programs for maximum value when redeeming for travel; trip cancellation/interruption insurance/and baggage delay reimbursement are all benefits provided for with each purchase made using its long-term 0% APR offer and trip cancellation/interruption/interruption insurance/and baggage delay reimbursement provisions.
3. Earn 1% cash back on all other purchases
Chase Slate Edge balance transfer card is a fantastic solution for individuals looking to pay off existing debt and reduce interest costs. Offering an extended 0% intro APR period and gradually decreasing regular APR by 2% each year, as well as no foreign transaction fee and additional benefits such as purchase protection, secondary auto rental coverage and roadside assistance, this card makes the perfect partner in paying down existing debt with reduced interest charges.
This card doesn’t offer rewards, making it unsuitable for individuals looking for ways to generate cash back with everyday spending. If you prefer non-rewards cards with 0% intro APR periods such as Citi Double Cash Card or Wells Fargo Reflect(r), these may be better options.
The Slate Edge card requires a high credit score in order to be approved, therefore not everyone would benefit from its use. If your credit score is good, consider opting for one that offers cash back or travel rewards as this might provide more rewards and cash-back opportunities.
Finally, the Slate Edge does not offer any sign-up bonuses or increased credit limits during its first year as a card member. However, if you make on-time payments for six months Chase could review and increase it by $500.
Overall, the Chase Slate Edge card is ideal for anyone who requires an extended 0% APR intro period to pay off debt and avoid interest charges. Furthermore, its regular APR is significantly lower than many other cards and qualification is straightforward after its introductory period ends. If you prefer rewards over just paying off debt quickly with no interest charges attached, consider applying for the Chase Freedom Flex instead – although without offering sign-up bonuses it offers unlimited 1% cash back across purchases as well as potential earnings opportunities with its quarterly 5 percent categories.
4. Purchase protection
Chase Slate Edge credit cards provide purchase protection of up to $500 per claim on purchases that are damaged, lost, or stolen that were paid for using them. They also feature extended warranty coverage which extends manufacturer warranties by up to one year; plus car rental collision damage waiver insurance which covers damages to rental vehicles paid for using your card.
Although this credit card doesn’t offer rewards, it does provide an impressive suite of consumer and travel protections compared to no-annual-fee cards. This includes primary auto rental collision damage waiver insurance as well as secondary trip cancellation and interruption coverage that covers nonrefundable passenger fare costs if your trip is interrupted due to severe weather or illness-related events.
This card also comes with secondary medical emergency expense coverage that covers up to $50,000 of any out-of-pocket expenses incurred while traveling overseas, along with roadside dispatch which offers assistance such as towing, tire changes, jump starts and fuel delivery at a flat fee. Though there’s no sign-up bonus offered with this card, spending at least $1,000 annually and paying on time can reduce your APR by 2% per year and allow access to Chase Credit Journey where you’ll gain free access to your score.
The Chase Slate Edge balance transfer card is ideal for anyone seeking to pay down debt at zero interest and avoid interest over time. Its long introductory 0% APR offer and absence of annual fee make this an excellent balance transfer option, plus it comes with benefits like purchase protection and automatic credit line increase.
5. Extended warranty coverage
The Chase Slate Edge card provides an above-average selection of consumer and travel insurance protections for no-annual-fee credit cards, including $50,000 of purchase protection and secondary auto rental collision damage waiver – these benefits make the Chase Slate Edge card an exceptional choice for people with poorer credit.
Chase offers an attractive incentive for those trying to establish credit, by reviewing accounts with timely payments over six months and considering increasing your credit limit by $500 without performing another credit check. This can be invaluable in financing purchases while keeping overall debt levels at a manageable level. In addition, their 24/7 Roadside Dispatching Hotline can assist in situations such as towing (up to five miles), flat tires repairs, jump starts or fuel delivery services.
If a purchase made with your Chase card turns out to be problematic later on, a one-time extended warranty coverage benefit could help cover its replacement. This perk covers up to original purchase amount less shipping and handling fees (but no maximum claim amount); maximum of $10,000 per claim/$50,000 total per account. In order to be eligible, however, at least part of it must have been purchased using Chase credit; itemized receipts will help make eligibility easier – be sure to keep all your receipts just in case they come in handy later!
The Chase Slate Edge credit card is an ideal way to finance large purchases with no interest rate and annual fees, without worrying about earning rewards or having annual fees. Unfortunately, however, it doesn’t earn any type of rewards on spending and charges a 3% foreign transaction fee which makes it less appealing.