Chase Slate EdgeSM Credit Card Review
Tricia has nearly two decades of experience in commercial and federal government lending. Her expertise is highlighted throughout small business loan content on Fit Small Business.
Nancy Fernandez is a Credit Card and Insurance Expert at Fit Small Business, specializing in business credit cards and business insurance.
This article is part of a larger series on Best Small Business Credit Cards.
Chase Slate EdgeSM Credit Card is a personal credit card that can be used by business owners without any business credit score but want an interest-free financing option on both purchases and balance transfers. Aside from the introductory annual percentage rate (APR) of 0% on both purchases and balance transfers for the first 18 billing cycles, it doesn’t charge annual fees and your large purchases can be split into monthly installments with My Chase Plan®. You can also get an automatic review for a higher credit limit when you pay on time and spend $500 within the first six months of card ownership.
If you wish to compare one card over another, select a maximum of three cards on this page and click Add to compare to view the details in a side-by-side comparison.
Chase Slate Edge℠
BEST FOR:
Those with no business credit score
Intro APR
0% Intro APR on Purchases
Regular APR
19.49% - 28.24% Variable
Annual Fee
$0
Credit Needed
Good to Excellent
- Start off strong with 0% Intro APR for 18 months 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.
- Lower your interest rate by 2% each year. Automatically be considered for an APR reduction when you pay on time, and spend at least $1000 on your card by your next account anniversary.
- Raise your credit limit. Get an automatic, one-time review for a higher credit limit when you pay on time, and spend $500 in your first six months.
- All for no annual fee - You won't have to pay an annual fee for all the great features that come with your Slate Edge℠ card
- Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more
Pros
- No annual fees
- With interst-free financing option on both purchases and balance transfers
- You can lower your interest rate over time
Cons
- No rewards for new and existing cardholders
- Intro balance fee only active for 60 days of account opening
- Purchase protection: This covers your new purchases against damage or theft, up to $500 per claim and $50,000 per account, for 120 days.
- Extended warranty protection: You can extend the period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less.
- Fraud alerts and protection: Real-time fraud monitoring is enabled by Chase for possible signs of fraudulent activity.
- Complimentary DashPass: Get three months of DashPass, DoorDash’s membership that provides unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders on DoorDash and Caviar. After that, you are enrolled in DashPass automatically at 50% off for the next nine months.
Intro APR
0% Intro APR on Purchases
Regular APR
19.49% - 28.24% Variable
Annual Fee
$0
Credit Needed
Good to Excellent
- Start off strong with 0% Intro APR for 18 months 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.
- Lower your interest rate by 2% each year. Automatically be considered for an APR reduction when you pay on time, and spend at least $1000 on your card by your next account anniversary.
- Raise your credit limit. Get an automatic, one-time review for a higher credit limit when you pay on time, and spend $500 in your first six months.
- All for no annual fee - You won't have to pay an annual fee for all the great features that come with your Slate Edge℠ card
- Keep tabs on your credit health - Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more
Pros
- No annual fees
- With interst-free financing option on both purchases and balance transfers
- You can lower your interest rate over time
Cons
- No rewards for new and existing cardholders
- Intro balance fee only active for 60 days of account opening
- Purchase protection: This covers your new purchases against damage or theft, up to $500 per claim and $50,000 per account, for 120 days.
- Extended warranty protection: You can extend the period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less.
- Fraud alerts and protection: Real-time fraud monitoring is enabled by Chase for possible signs of fraudulent activity.
- Complimentary DashPass: Get three months of DashPass, DoorDash’s membership that provides unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders on DoorDash and Caviar. After that, you are enrolled in DashPass automatically at 50% off for the next nine months.
How We Evaluate Personal Credit Cards for Business
When evaluating a personal credit card for businesses, like the Chase Slate EdgeSM Credit Card, we first consider the introductory and ongoing APRs. Then, we check if it offers introductory and ongoing rewards and its standout features, such as purchase protection and extended warranty.
Grading Criteria | Card Score | Highest Possible Score |
|---|---|---|
Introductory APR | 35 | 35 |
Ongoing APR | 30 | 35 |
Features | 10 | 10 |
Introductory Rewards | 0 | 10 |
Ongoing Rewards | 0 | 10 |
Total Score | 75 | 100 |
Who the Chase Slate EdgeSM Credit Card Is Best For
- Those without any business credit score: If you just started a business, don’t have any existing business credit score, and will need to make large purchases, then consider getting the Chase Slate EdgeSM Credit Card. It offers an interest-free financing option of 0% on purchases and balance transfers for the first 18 billing cycles.
If this card doesn’t fit your needs, check out our guide to the best small business credit cards.
Chase Slate EdgeSM Credit Card Fees
APR
- Introductory APR: 0% APR on purchases and balance transfers for the first 18 billing cycles
- Ongoing purchase, balance transfer, and My Chase LoanSM APRs: 19.49% to 28.24% variable, which will adjust with the prime rate
- Cash advance APR: 29.49% variable, which will adjust with the prime rate
- Penalty APR: Up to 29.99% variable, which will adjust with the prime rate. This will be applied to your account indefinitely if you do one of the following:
- Failed to make a minimum payment by the date and time that it’s due
- Made a payment that’s returned unpaid
- Due date: At least 21 days after the close of each billing cycle
- Minimum interest charge: None
Fees
- Annual fees: None
- My Chase LoanSM: Intro monthly fee of 0% of the amount of each eligible purchase transaction shall be applied during the first 18 billing cycles. Then, a monthly fee of 1.72% of the amount of each eligible transaction or amount selected to create a My Chase Plan shall be applied.
- Balance transfer: Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, within 60 days of account opening. After, either $5 or 5% of the amount of each transfer, whichever is greater.
- Cash advance: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Foreign transaction: 3% of the amount of each transaction in US dollars
- Late and return payment: Up to $40
- Over-the-credit-limit and returned check: None
Chase Slate EdgeSM Credit Card Rewards
Chase Slate EdgeSM Credit Card doesn’t offer any rewards for new and existing cardholders. However, new cardholders can start off strong with an interest-free financing option on purchases and balance transfers for the first 18 billing cycles. In addition, with My Chase Plan®, you can pay over time by breaking up card purchases into budget-friendly payments with no interest charges—just a fixed monthly fee.
You can also be eligible to lower your interest rate by 2% each year when you pay on time and spend at least $1,000 on your card by your next account anniversary, until your APR reaches the prime rate plus 9.74% (currently 15.24% variable APR based on the prime rate of 5.50% as of Aug. 2, 2022. Your final APR reduction could be less than 2% depending on the APR you receive with your card.
How To Make Payments on the Chase Slate EdgeSM Credit Card
- Online or Chase Mobile® App: Sign in to chase.com/paycard to make an online payment. You can also enroll in automatic payments through the website or mobile app, which is available for iOS and Android users. When you enroll, specify the deposit account from which your payment will be deducted and how much you’d like to pay, such as your statement balance, minimum payment due, or any fixed amount.
- Phone: Call the automated phone service at (800) 436-7958.
- Mail or money order: Include your name and full account number on your check or money order—and don’t send cash. Mail your payment to the following address:
Cardmember Services
PO Box 6294
Carol Stream, IL 60197-6294.
- Western Union: Use the Code City WALNUT when paying via Western Union. Note that it may take up to seven days for the payment to be reflected in your account.
- Nearest Chase ATM or branch: Go to the nearest Chase ATM or branch to pay your credit card bills.
Chase Slate EdgeSM Credit Card Features
Service and Protection
- Purchase protection: This covers your new purchases against damage or theft, up to $500 per claim and $50,000 per account, for 120 days.
- Extended warranty protection: You can extend the period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less.
- Auto rental collision damage waiver: You can decline the rental company’s collision insurance and charge the entire rental cost to your card. Note that coverage is provided for theft and collision damage for most cars in the US and abroad and that in the US, coverage is secondary to your personal insurance.
- Zero liability protection: You won’t be held responsible for unauthorized charges made with your card or account information. In the event of an unauthorized charge, you can call the number on the back of your card.
- Fraud alerts and protection: Real-time fraud monitoring is enabled by Chase for possible signs of fraudulent activity. In the event of unusual activity, Chase will notify you via phone, text, or email.
- Roadside dispatch: If you have a roadside emergency, call (800) 847-2869 at any time to get the help you need—from towing, jumpstarting, and changing tires, to getting a lockout service, gas, and winching. Note that roadside service fees will be provided when you call and are billed to your card.
Partner Benefits
- Complimentary DashPass: Get three months of DashPass, DoorDash’s membership that provides unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders on DoorDash and Caviar (note that you must activate this on or before Dec. 31, 2024). After three months, you’re enrolled automatically in DashPass at 50% off for the next nine months.
Pros & Cons of the Chase Slate EdgeSM Credit Card
| PROS | CONS |
|---|---|
| Doesn’t have annual fees | Lacks rewards for new and existing cardholders |
| Has an interest-free financing option on both purchases and balance transfers | Can’t help you build business credit since it’s a personal card |
| Lets you lower your interest rate over time by 2% each year | |
Chase Slate EdgeSM Credit Card Alternatives
Chase Ink Business Unlimited®
- Chase Ink Business Unlimited® is our top credit card for new businesses with no credit history and leading small business credit card
- Interest-free financing option on purchases for the first 12 billing cycles
- Unlimited 1.5% cash back rewards on all purchases, regardless of spending categories
- Charges balance transfer and foreign transaction fees
Ink Business Unlimited® Credit Card
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Pocketing 1.5% cash back on every single purchase
Intro APR
0% Intro APR on Purchases
Regular APR
16.24% - 22.24% Variable
Annual Fee
$0
Credit Needed
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
Intro APR
0% Intro APR on Purchases
Regular APR
16.24% - 22.24% Variable
Annual Fee
$0
Credit Needed
Good, Excellent
- Earn $750 bonus cash back after you spend $7,500 on purchases in the first 3 months from account opening
- Earn unlimited 1.5% cash back on every purchase made for your business
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
- With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- 0% introductory APR for 12 months on purchases
Pros
- 0% introductory APR on purchases
- Unlimited cash back rewards on all purchases
Cons
- Introductory APR period doesn’t apply to balance transfers
- 5% balance transfer fee
- Charges foreign transaction fees
- Requires excellent credit to qualify
- Auto rental collision damage waiver: Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes; it provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the US and abroad
- Purchase protection: Covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account per year
- Extended warranty protection: Extends the time period of the US manufacturer’s warranty by an additional year on eligible warranties of three years or less
Bank of America® Business Advantage Unlimited Cash Rewards Secured
- Bank of America® Business Advantage Unlimited Cash Rewards Secured is our best business credit card for bad credit and top-recommended secured business credit card
- Unlimited 1.5% cash back on all purchases, regardless of spending categories; rewards can be redeemed as a deposit in your Bank of America® checking or savings account, a card statement credit, or a check mailed to you
- Requires a minimum of $1,000 security deposit to qualify
- No interest-free financing option on both purchases and balance transfers
Business Advantage Unlimited Cash Rewards Secured Credit Card
BEST FOR:
Those who cannot qualify for unsecured business credit cards
Intro APR
None
Regular APR
26.49%
Annual Fee
None
Credit Needed
Poor
- Earn unlimited 1.5% cash back on all purchases
Pros
- Doesn’t charge annual and foreign transaction fees
- Lets you earn unlimited rewards
- Can help you build your business credit score
Cons
- Minimum $1,000 security deposit is required
- Has no 0% introductory APR on purchases and balance transfers
- No sign-up bonus
- Overdraft protection: An optional service available to cardholders who have a Bank of America® business checking account. If you opt-in, link your credit card to your checking account (done through Balance Connect®, their overdraft protection service).
- Free access to your business credit score: You can view and monitor your Dun & Bradstreet business credit score free via Business Advantage 360, Bank of America®’s Small Business Online Banking.
- Travel and emergency services: Offers travel benefits, including $100,000 in travel accident insurance. You’ll also have access to additional services, such as auto rental insurance, emergency ticket replacement, lost-luggage assistance, and legal and medical referrals when traveling.
- Cash flow management tools: Bank of America® offers a suite of online services to help you manage your business.
- Zero liability protection: Protects you against unauthorized transactions. You’ll have additional protection for certain purchases against loss, damage, theft, and fire, and you can enjoy extended warranty coverage.
Intro APR
None
Regular APR
26.49%
Annual Fee
None
Credit Needed
Poor
- Earn unlimited 1.5% cash back on all purchases
Pros
- Doesn’t charge annual and foreign transaction fees
- Lets you earn unlimited rewards
- Can help you build your business credit score
Cons
- Minimum $1,000 security deposit is required
- Has no 0% introductory APR on purchases and balance transfers
- No sign-up bonus
- Overdraft protection: An optional service available to cardholders who have a Bank of America® business checking account. If you opt-in, link your credit card to your checking account (done through Balance Connect®, their overdraft protection service).
- Free access to your business credit score: You can view and monitor your Dun & Bradstreet business credit score free via Business Advantage 360, Bank of America®’s Small Business Online Banking.
- Travel and emergency services: Offers travel benefits, including $100,000 in travel accident insurance. You’ll also have access to additional services, such as auto rental insurance, emergency ticket replacement, lost-luggage assistance, and legal and medical referrals when traveling.
- Cash flow management tools: Bank of America® offers a suite of online services to help you manage your business.
- Zero liability protection: Protects you against unauthorized transactions. You’ll have additional protection for certain purchases against loss, damage, theft, and fire, and you can enjoy extended warranty coverage.
Capital One® Spark® Classic for Business
- Capital One® Spark® Classic for Business is our leading fair credit business credit card one of our best credit cards for new businesses with no credit history
- Unlimited 1% cash back on all purchases, with no minimum to redeem
- Unlimited 5% cash back on hotels and car rentals booked through Capital One Travel
- No interest-free financing option on both purchases and balance transfers and no sign-up bonus
- Fair credit is required to qualify
Capital One® Spark® Classic for Business
Fit Small Business's ratings are calculated by industry experts of our editorial team. Our grading rubric considers the type of credit card (such as cash back or travel), and the card's rates, fees, rewards, and additional features like insurance.
BEST FOR:
Those with fair credit
Intro APR
N/A
Regular APR
29.74% (Variable)
Annual Fee
$0
Credit Needed
Fair
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No sign-up bonus
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: if your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
Intro APR
N/A
Regular APR
29.74% (Variable)
Annual Fee
$0
Credit Needed
Fair
- 1% cash back every time you swipe
- Build your business credit through responsible usage
- Issue employee cards for free
Pros
- Opportunity to build business credit
- Only requires fair credit to qualify
- Doesn’t charge annual and balance transfer fees
Cons
- Charges high ongoing APR
- Has no 0% introductory APR
- No sign-up bonus
- Automatic payments: Setting up AutoPay in the Capital One mobile app will save you from having to worry about signing in to your account every month
- $0 fraud liability: if your card is either lost or stolen, you can get an emergency replacement and cash advance.
- Purchase records: You can download all purchase records quickly and securely in multiple formats, including Quicken®, QuickBooks®, and Excel®.
- Extended warranty: Get free additional warranty and protection on eligible items purchased with your business credit card.
Free employee cards: You can create multiple employee cards, track employee spending, and customize spending limits while earning all the rewards from their purchases.
Bottom Line
Chase Slate EdgeSM Credit Card is a great personal credit card for business owners who don’t have any business credit score and need a credit card to use for large purchases. It offers an interest-free financing option of 0% on purchases and balance transfers for the first 18 billing cycles and doesn’t charge any annual fees. Additionally, you can reduce your interest rate by 2% when you pay on time and spend at least $1,000 on your card by your next account anniversary. However, it lacks rewards for new and existing cardholders.
