![]() The glaring weakness of both cards would be their lack of a rewards program. This rate step down goes down to a floor of Prime Rate + 9.74% and this rate applies to both purchases and balance transfers. Each year you spend at least $1,000 and make all of your payments on time, you are considered for a 2% APR reduction in your rate. While this card features a way to reduce the APR, paying interest charges will still add up. While not guaranteed, it is a nice perk to have without incurring an additional credit inquiry.Īfter your 0% Intro APR period ends, it’s critical to ensure your balance is paid in full each month to avoid paying interest. This complimentary benefit assumes that at least $500 in purchases were made during your first six months and all credit card payments were made on time. ![]() Increased Credit Limit and Step Down Interest RateĪfter six months of card ownership, automatic consideration for a credit limit increase is initiated by Chase. This rate is in line with what other credit card lenders are charging and will cause interest charges to quickly rack up if you don’t pay your card off in full each month. After that, a fee of either $5 or 5% of the amount of each transfer, whichever is greater applies. An intro transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, applies on transfers made within 60 days of account opening. Slate Edge comes with 0% intro APR for 18 months from account opening on purchases and balance transfers, then a variable APR of 16.49% - 25.24% applies. Here is a list of our partners who offer products that we have affiliate links for. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. ![]() To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective.
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