Chase Slate Edge℠
- Best for: Fair-credit applicants who want an unsecured card from a major bank and will pay in full every month
- What Sets It Apart: Unsecured approval for fair credit with no annual fee, an automatic credit limit review every 6 months and Experian-built score plans through Credit Journey
- Cost: $0 annual fee; 3% foreign transaction fee; 28.99% variable rate with no intro period; balance transfer fee 5% ($5 minimum)
- Features: No rewards; credit line increase review every 6 months or sooner; Chase Credit Journey with Experian improvement plans; purchase protection and extended warranty; secondary rental car coverage; zero liability protection
- Pros: No deposit; automatic limit reviews; purchase protection on a fair-credit card; free score plans
- Cons: 28.99% for everyone; no cash back; 3% foreign transaction fee; the 0% intro is gone
Get the Chase Slate Edge℠ only if fair credit rules out Freedom Rise and you’ll pay every statement in full. It charges no annual fee and checks you for a higher limit every 6 months, but it earns nothing and charges 28.99% on any balance. If you can keep $250 at Chase, apply for Freedom Rise instead.
Chase Slate Edge is a no-annual-fee Visa Platinum that Chase now pitches to fair-credit applicants, and it has shed the 18-month 0% intro that once defined it. It suits someone rebuilding after past credit trouble who wants an unsecured card from a major bank, and it asks nothing of them beyond paying on time.
Key Features
- $0 annual fee and a 3% foreign transaction fee
- 28.99% variable rate on purchases, balance transfers and cash advances, with no intro period
- No rewards program
- Automatic credit line increase review every 6 months or sooner
- Free Chase Credit Journey score tracking with Experian-built improvement plans, no Chase account required
Pros
- Unsecured, so no deposit sits idle while you rebuild
- Chase runs the credit limit check itself every 6 months, without you asking
- Purchase protection of $500 per item for 120 days and an extra year of warranty
- Credit Journey users who finish their plan improve by 35 points or more on average, by Chase’s count of those who finish
Cons
- 28.99% applies to everyone approved, so a carried balance costs more than on any Freedom or Sapphire card
- No cash back, while Freedom Rise pays 1.5% at the same $0 fee
- 3% foreign transaction fee rules it out for spending abroad
- The 0% intro on purchases and balance transfers is gone, so it no longer works as a balance transfer card
Take Chase Slate Edge℠ only if fair credit shuts you out of Freedom Rise and you’ll pay every statement in full, because at 28.99% any balance erases the point of rebuilding. If you can park $250 at Chase, apply for Freedom Rise instead and earn 1.5% while you do the same repair.
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