Edited by: Stella Shon
& Kellie Jez
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Good to Excellent (670-850)
The Chase Slate Edge card is a great option for those looking to build their credit.
(at Chase's secure site)
Chase revamped the Chase Slate Edge℠ in 2021. It’s a no-annual-fee card designed for those looking to build their credit or those who need a low-interest APR card for a large purchase or balance transfer.
While the Chase Slate Edge card does not offer the opportunity to earn any rewards, it is a great option for those who are just beginning their credit journey, and the card still offers lucrative benefits that any cardholder would find value in.
If you’re just getting started with building your credit, or if you’re in need of a card that will offer a low introductory APR for balance transfers, then the Chase Slate Edge card would be a great option for you.
Not only does the card not charge an annual fee or require a security deposit, but it also offers you the opportunity to lower your interest rate and increase your credit limit just for using your card responsibly.
Chase Slate Edge cardholders who spend more than $1,000 during a cardmember year and have made all payments on time can be automatically reviewed for a 2% reduction of their APR on purchases and balance transfers, based on credit criteria.
Through this benefit, your APR can be reduced by 2% each year until it reaches 9.74% plus the prime rate.
Hot Tip: While this is certainly a nice benefit, you should be doing everything you can to pay off your credit card balance on time and in full each month so that you never pay any interest on your purchases, regardless of what your APR is.
Those who spend $500 or more through the first 6 months from account opening, and have made all payments on time, will be automatically evaluated for a credit limit increase based on Chase credit criteria.
This is great for those looking to improve their credit score, as having a larger credit limit will help to keep your credit utilization lower each month. Your credit utilization makes up 30% of your overall credit score.
Chase Credit Journey helps you monitor your credit score by giving you free access to your score each month, along with messages and alerts regarding your account. It’s the perfect tool for anyone who is working on building or improving their credit score.
Have a rather large purchase coming up? My Chase Plan allows you to break up purchases made with your card into smaller, monthly payments with no interest, with just a fixed monthly fee for the service.
Again, you should be doing your best to pay your credit card off in full each month. But if you have a large or unexpected purchase come up that you do not currently have all the funds for, this could make for a great option.
With purchase protection, when you pay for at least part of your purchase with your card, you will be covered if the item you purchased is stolen or accidentally damaged within 120 days from the date of purchase. The coverage towards a replacement, repair, or reimbursement is capped at $500 per claim and $50,000 per account.
When you purchase a product with your Chase Slate Edge card that comes with an eligible warranty of 3 years or less, the warranty will be extended by 1 additional year.
The Chase Slate Edge card also comes with an Auto Rental Collision Damage Waiver (CDW) that gives protection against damage or theft of your rental car.
In order to receive the coverage, you will need to decline the policy offered by the car rental agency and pay for your entire rental with your Chase Slate Edge card. But also keep in mind that this insurance is secondary, meaning it will only kick in after you have already filed a claim with your primary auto insurance provider.
Those who are looking to build their credit history while earning rewards on all of their purchases should definitely consider the Petal Visa card.
With the Petal Visa card, you’ll earn cash-back on each purchase you make with the card, and you can improve that cash-back rate by consistently making your payments on time. Plus, it has no annual fee, no foreign transaction fees, and no deposit requirements.
Petal is able to provide a solid rewards card to those who don’t yet have credit history by utilizing its proprietary “Cash Score” — a composite of your income, spending habits, and savings history.
If you have little credit history because you’re a student, then the Freedom Student card could be the perfect option for you. Not only is the card designed for students, making it easier to get approved for, but you also earn 1% cash-back on all purchases, with no annual fee.
It also offers perks including 3 complimentary months of DoorDash DashPass, purchase protection, a credit limit increase after 5 monthly on-time payments, and a $20 good standing reward on your account anniversary each year.
We’ve also compared this card to another popular card:
The information regarding the Petal® Visa® Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Slate Edge℠ Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Freedom® Student Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
If you’re looking for a solid no-annual-fee credit card that can help you build your credit, then yes, the Chase Slate Edge card is a good card option.
No, the Chase Slate Edge card does not earn any credit card rewards.
If you pay your credit card bill on time each month and spend at least $1,000 on your card within 12 months, then you will automatically be considered for a purchase APR reduction of 2%. You are eligible to receive this 2% reduction each year until your APR reaches the prime rate plus 9.74%.
You will automatically be eligible for a credit limit increase if you spend $500 in the first 6 months of having the card and make all of your payments on time.
Yes, the Chase Slate Edge card comes with a 0% introductory APR for 18 months on purchases and balance transfers. Regular APR, as shown above, will apply after the introductory period.
No, the Chase Slate Edge card does not charge an annual fee.
Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.