Chase Slate EdgeSM Credit Card Review for 2023
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
20.49% - 29.24% 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 20.24% - 28.99% 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
- Member FDIC
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
20.49% - 29.24% 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 20.24% - 28.99% 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
- Member FDIC
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.
When evaluating a personal credit card for business 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.
See our recommended alternatives below if this card isn’t the best fit for your business.
Chase Slate EdgeSM Credit Card Fees
APR
- Introductory: 0% APR on purchases and balance transfers for the first 18 billing cycles
- Ongoing, balance transfer, and My Chase LoanSM: 20.24% to 28.99% variable, which will adjust with the prime rate
- Cash advance: 29.99% variable, which will adjust with the prime rate
- Penalty: 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
Fees
- Minimum interest charge: None
- Annual: None
- My Chase LoanSM (fixed financed charge): 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 United States dollars (USD)
- Late and return payment: Up to $40
- Over-the-credit-limit and returned check: None
Your due date is at least 21 days after the close of each billing cycle.
- Online or Chase Mobile® App: Go to chase.com/paycard to sign in and make a payment online. You can also enroll in automatic payments through the website or mobile app. When you enroll, specify the deposit account from which your payment will be deducted and how much you’d like to pay, such as the full 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
Alternatively, you can send your payment via overnight mail to the following address:
Chase Card Services
201 N. Walnut St.
Del-0153
Wilmington, DE 19801
- Western Union: Use the Code City WALNUT when you pay 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: Find the nearest Chase ATM or branch.
Chase Slate EdgeSM Credit Card Rewards
Chase Slate EdgeSM Credit Card doesn’t offer any rewards for new and existing cardholders.
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, jump-starting, 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’ve enrolled automatically in DashPass at 50% off for the next nine months.
- Instacart+: Receive three months of Instacart+ membership with unlimited deliveries, $0 delivery fee, and reduced service fees. Note that you’ll need to enroll by July 31, 2024.
My Chase Plan
Pay over time by breaking up card purchases into budget-friendly payments with no interest charges—just a fixed monthly fee with Chase’s My Chase Plan®.
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 17.74% variable APR based on the prime rate of 8.00% as of March 28, 2023). Your final APR reduction could be less than 2%, depending on the APR you receive with your card.
Chase Slate EdgeSM Credit Card Alternatives
First National Bank of Omaha Business Edition® Secured® Visa Card
First National Bank of Omaha Business Edition® Secured Mastercard® Card
BEST FOR:
Secured credit lines of as much as $100,000
Intro APR
None
Regular APR
25.49% Variable
Annual Fee
$39
Credit Needed
Very Poor to Good
- While FNBO does not offer any rewards for their new and existing cardholders for this card, you can still earn rewards through Mastercard Easy Savings®, where cardholders are able to save on purchases with automatic rebates from over 40,000 participating merchant locations available.
Pros
- Available for those with very poor to good scores
- Can set credit limits between $2,000 and $100,000
- Offers free management reports
Cons
- With annual fee
- Charges foreign transaction fee
- No introductory and ongoing rewards
- Requires a security deposit of 110% of the credit limit required
- TurboTax discount: Get a discount of up to $20 on TurboTax federal products when using First National Bank of Omaha Business Edition® Secured Mastercard®.
- QuickBooks Online or QuickBooks Self-Employed discount: Receive either a 30% off of a 12-month subscription on QuickBooks Online (Simple Start, Essentials, Plus, or Advanced) or a 30% off of a 12-month subscription on QuickBooks Self-Employed. This is applicable only to new QuickBooks Online customers.
- Free management reports: First National Bank of Omaha provides free management reports to help track expenses, monitor spending, note tax deductions, prepare tax filings, and predict costs easily.
- Zero liability: FNBO guarantees that you won’t be held responsible for any fraudulent charges made with both your card and account information.
Intro APR
None
Regular APR
25.49% Variable
Annual Fee
$39
Credit Needed
Very Poor to Good
- While FNBO does not offer any rewards for their new and existing cardholders for this card, you can still earn rewards through Mastercard Easy Savings®, where cardholders are able to save on purchases with automatic rebates from over 40,000 participating merchant locations available.
Pros
- Available for those with very poor to good scores
- Can set credit limits between $2,000 and $100,000
- Offers free management reports
Cons
- With annual fee
- Charges foreign transaction fee
- No introductory and ongoing rewards
- Requires a security deposit of 110% of the credit limit required
- TurboTax discount: Get a discount of up to $20 on TurboTax federal products when using First National Bank of Omaha Business Edition® Secured Mastercard®.
- QuickBooks Online or QuickBooks Self-Employed discount: Receive either a 30% off of a 12-month subscription on QuickBooks Online (Simple Start, Essentials, Plus, or Advanced) or a 30% off of a 12-month subscription on QuickBooks Self-Employed. This is applicable only to new QuickBooks Online customers.
- Free management reports: First National Bank of Omaha provides free management reports to help track expenses, monitor spending, note tax deductions, prepare tax filings, and predict costs easily.
- Zero liability: FNBO guarantees that you won’t be held responsible for any fraudulent charges made with both your card and account information.
- Is an excellent secured business credit card if you aim to either improve or establish your credit score
- Does not offer a 0% introductory APR
- Charges an annual fee of $39
- Requires a security deposit of 110% of the amount of your credit limit—which can be between $2,200 and $110,000 (multiples of $50)
- Is in our guides to the:
- Best secured business credit cards
- Best instant approval business credit cards
- Best business credit cards for bad credit
- Best sole proprietorship business credit cards
- Best credit cards for new businesses with no credit history
- Best high-limit business credit cards
- Best business credit cards for fair credit
Capital One® Spark® Classic for Business
Capital One® Spark® Classic for Business
BEST FOR:
Those with fair credit
Intro APR
N/A
Regular APR
30.49% 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
30.49% 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.
- Is best suited if you have fair credit
- Lacks 0% introductory APR for purchases and balance transfers
- Does not charge annual, balance transfer, and foreign transaction fees
- Lets you earn unlimited 1% cash back on all purchases, with no minimum to redeem
- Is in our roundups of the:
Bento for Business Visa Debit Card
- Is a great option if you want a prepaid card with a straightforward fee structure and a high spend limit of $25,000 per day
- Lets you use the card for the first 60 days from the day when the application is approved, then charges a monthly subscription depending on the number of cards needed
- Does not charge for any setup, card load, interest charges, card issuance, and other fees
- Is in our lists of the:
See our guides to the best small business credit cards and best business credit cards for Chase for additional options.
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.
