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 international transaction.
- Balance transfer fee: The fee is 3% with a $5 minimum for the first 60 days from account opening, then 5% with a $5 minimum after that.
- Cash advance fee: The fee is 5% of the advance amount with a $10 minimum – 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 up to $40 if you don’t pay at least the minimum amount 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 $100 bonus statement credit, make sure you spend at least when you spend $500 in your first six months from account opening.
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 offers a $100 bonus statement credit after you spend when you spend $500 in your first six months from account opening. Chase Freedom Unlimited offers a $200 after you spend $500 on purchases in your first 3 months from account opening.
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 12 months on purchases and balance transfers. With Chase Freedom Unlimited, you’ll get an introductory 0% APR for 15 months on purchases and balance transfers.
Annual fee: Neither card charges an annual fee.
Rewards: You won’t earn ongoing rewards with either card.
Sign-up bonus: The Chase Slate Edge offers a $100 bonus statement credit after you spend when you spend $500 in your first six months from account opening. The Citi Simplicity Card doesn’t offer 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 12 months on purchases and balance transfers. With the Citi Simplicity Card, you’ll get an introductory 0% APR for 18 months on purchases and on balance transfers made within the first four months from 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.
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