Chase unveils Slate Edge; a credit card to improve financial health with no annual fee

By Pavithra R

Chase has announced the launch of Slate Edge, a new type of credit card designed to help customers reach their financial goals faster.

Slate Edge is a unique card designed with an APR rate built to decrease annually in response to on-time payments in addition to other features like evaluation to raise a cardmember’s credit limit and a 0% intro APR offer for the first year, with no annual fee.

The new credit card offers a compelling suite of benefits, including:

• 0% Intro APR for 12 months upon account opening (3% balance transfer fee);
• $100 statement credit when you spend $500 in the first 6 months;
• Automatic consideration for annual 2% purchase APR reduction when paid on time, and spend at least $1,000 by the next account anniversary until user’s APR reaches the Prime Rate plus 9.74%
• Automatic one-time evaluation for a credit line increase when paid on time, and spend $500 in the first 6 months;
• Access to Chase’s digital credit tools like Credit Journey and My Chase Plan

“Consumers want tools to help take them to the next level of their financial journey and we designed Slate Edge to enable cardmembers to reach their goals faster. We’re giving cardmembers an edge to tackle ‘what’s next’ on their financial to-do list and put their best foot forward,” said Kristen Bowdoin, General Manager of Chase Freedom and Slate.

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase, a leading global financial services firm with assets of $3.7 tn and operations worldwide. Chase serves more than 60 mn American households with a broad range of financial services, including personal banking, mortgages, auto financing, investment advice, credit cards, small business loans and payment processing. Slate Edge prompts customers to take simple steps to put their goals within reach.