July 15, 2024


With so many choices on the market, it may be laborious to decide on the perfect bank card for you. The card_name is an effective choice in the event you’re in search of a easy, no-frills bank card that rewards you for accountable use and making funds on time. Nonetheless, if you’d like a rewards bank card that offers you money again on on a regular basis purchases, you may need to look elsewhere. Study extra concerning the card_name to see if it’s the best selection for you.

TIME’s Take

The card_name has quite a bit to supply, together with a comparatively lengthy introductory annual proportion fee (APR) interval, diminishing APRs every year in the event you pay your payments on time, and the chance for a credit score restrict enhance after six months. However, it doesn’t provide rewards like a lot of its rivals do, which might be a deal-breaker for some prospects. In the end, whether or not the Slate Edge is an effective card will depend upon what you’re in search of and whether or not you’re OK with no rewards program.

Who’s the cardboard for? 

The card_name would be the proper selection if you wish to construct good monetary habits with a purpose to enhance your credit score rating. Though you’ll want a “good” or an “glorious” credit score rating to use, Chase presents a number of advantages for individuals who qualify, similar to a intro_apr_rate,intro_apr_duration and the chance to lower your APR every year in the event you use the cardboard responsibly. You’ll even be eligible for a one-time automated evaluation for a credit score line enhance after six months, so long as you’ve spent no less than $500 inside that timeframe.

Rewards construction 

The card_name doesn’t provide rewards like a lot of its rivals do, which might be a deal-breaker for some prospects. As an alternative, its advantages come within the type of rewards for good monetary habits, similar to paying your invoice on time and holding your steadiness low. These rewards work as follows.

Diminishing APR

Yearly, you’ll be mechanically thought of for an APR discount so long as you meet the next standards:

  • Make constant on-time month-to-month funds
  • Spend no less than $1,000 in your card earlier than your subsequent card anniversary

In case you meet these necessities, you would have your APR decreased by 2% every year till it reaches the prime fee plus 9.74%. This may be extraordinarily useful in the event you’re making an attempt to pay down your steadiness and need to keep away from paying curiosity as a lot as potential.

Computerized evaluation for a credit score line enhance

In case you spend no less than $500 and pay on time for the primary six months after opening your account, you’ll be mechanically thought of for a credit score restrict enhance. 

Extra hidden perks

Chase presents a few lesser-known perks that cardholders can make the most of, together with the Chase Credit score Journey credit score monitoring device and the My Chase Plan fee plan.

Chase Credit score Journey

Chase Slate Edge Card holders can join Chase Credit score Journey—a device that displays your credit score rating and alerts you to potential identification theft. Checking your credit score rating by way of Chase Credit score Journey gained’t have an effect on your rating; it simply lets you hold tabs on it, which is very vital in the event you’re making an attempt to spice up it. 

Even higher: You need to use Credit score Journey even in the event you don’t have a card_name or another Chase account.

My Chase Plan

My Chase Plan lets you break up your card purchases into smaller, interest-free funds. As a part of the plan, you’ll pay a small month-to-month price after the 0% introductory APR interval is over, however at 1.72% of the quantity of every eligible buy, it’s comparatively low.

What might be improved?

The largest draw back of the card_name is that it doesn’t provide any rewards or money again. This can be off-putting to some, as most bank cards provide some type of rewards that permit them to save cash. 


As much as 5% money again on purchases after spending $1,500 in first six months

As much as 5% money again on purchases





A easy card with out plenty of fuss

The card_name has a number of issues going for it, together with being a intro_apr_rate,intro_apr_duration and permitting cardholders to lower their APR every year in the event that they use their card responsibly. Whereas it gained’t work for individuals who desire a rewards bank card, it’s nonetheless a strong choice if you’d like an easy, no-fuss bank card.

Regularly requested questions (FAQs)

What is the beginning credit score restrict for the card_name?

The precise credit score restrict will rely in your credit score historical past. If accepted, your restrict shall be no less than $500, however if in case you have “glorious” credit score, you’ll doubtless get the next restrict. You can too be mechanically thought of for a credit score restrict enhance after six months in the event you spend no less than $500 and make on-time funds every month.

What are the perfect card_name promotions?

At present, Chase is providing an introductory intro_apr_rate,intro_apr_duration on the card_name. After that, you’ll pay the common APR of reg_apr,reg_apr_type.

Is the card_name an excellent first time bank card?

The card_name requires candidates to have a credit score rating that falls inside the “good” or “glorious” vary. For that reason, first-timers doubtless gained’t qualify for this card and will need to contemplate probably the greatest secured bank cards as an alternative to assist them construct an excellent credit score historical past.

Is card_name a money again bank card?

No. The card_name doesn’t provide any rewards or cash-back advantages to cardholders.

Is the card_name metallic?

No. The card_name isn’t metallic. It’s constructed from plastic, like most conventional bank cards. 

What’s the card_name trade fee?

The card_name overseas transaction price is foreign_transaction_fee of the quantity of every transaction in U.S. {dollars}.

Is the card_name laborious to get?

That relies upon. In case your credit score rating is “good” or “glorious,” you’ll doubtless qualify simply. Nonetheless, in case your credit score rating falls within the “honest” or “poor” vary, you in all probability gained’t be accepted for this card.

The knowledge offered right here is created independently from the TIME editorial workers. To be taught extra, see our About web page.