What Are the Fees Associated With the Chase Slate Edge?
- Annual fee: The fee is $0, which is standard for cards like this.
- Foreign transaction fee: The fee is 3% of each transaction in U.S. dollars.
- Balance transfer fee: either $5 or 5% of the amount of each transfer, whichever is greater.
- Cash advance fee: either $10 or 5% of the amount of each transaction, whichever is greater – also keep in mind that cash advances start accruing interest immediately.
- My Chase Plan fee: If you opt to pay off a purchase through My Chase Plan, the monthly fee is 0% during the introductory 0% APR promotion, then 1.72% after that.
- Late payment fee: The fee is Not Applicable by the due date.
- Returned payment fee: The fee is up to $40 if your payment is returned due to insufficient funds in your bank account.
How to Maximize Rewards With the Chase Slate Edge
The card doesn’t have an ongoing rewards program. In order to earn the 0% statement credit, make sure you spend at least from account opening on purchases and balance transfers. A variable APR of 19.49% – 28.24% on balance transfers and purchases after the introductory period ends.
Comparisons With Other Credit Cards
Annual fee: Neither card charges an annual fee, so you don’t have to worry about making up for one with rewards and other benefits.
Rewards: There is no traditional rewards program with the Chase Slate Edge. With the Chase Freedom Unlimited, you’ll earn 5% cash back on travel booked through Chase Ultimate Rewards, 3% back on dining (including takeout and delivery) and at drugstores and 1.5% back on everything else.
Sign-up bonus: The Chase Slate Edge does not offer a sign-up bonus. Chase Freedom Unlimited offers a 1.5% on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.
Benefits: The Chase Slate Edge offers the chance for a higher credit limit after six months and up to a 2 percentage-point APR decrease annually. You’ll also get an introductory 0% APR promotion for 18 months on purchases and balance transfers, then a 19.49% – 28.24% Variable APR applies. With Chase Freedom Unlimited, you’ll get an introductory 0% APR for 15 months from account opening on purchases and balance transfers, then 19.49% to 28.24% variable.
Annual fee: Neither card charges an annual fee.
Rewards: You won’t earn ongoing rewards with either card.
Sign-up bonus: Neither card offers a sign-up bonus.
Benefits: The Chase Slate Edge offers cardholders who pay their bill on time the chance for a higher credit limit after six months. On-time payers will also be considered for an interest rate decrease (up to 2 percentage points) each year if they meet a spending requirement. You’ll also get an introductory 0% APR promotion for 18 months on purchases and balance transfers, then a 19.49% – 28.24% Variable APR applies. With the Citi Simplicity Card, you’ll get an introductory 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 18.49% to 29.24% (variable), based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
Should You Get the Chase Slate Edge?
- Like the idea of a low interest rate in the long run.
- Don’t spend a lot and can meet the card’s spending requirements.
- Aren’t interested in earning rewards on your everyday spending.
