The Slate Edge® Credit Card is bare-bones, but it is available if you have fair credit. That makes it a good option for building or rebuilding credit without the upfront deposit required by secured credit cards.
Your credit score won't just increase because you open a credit card; in fact, it can temporarily drop by a small amount due to the hard inquiry. But consistently paying off your card balance in full and on time each month can dramatically improve your credit over time. This is because your payment history and amount of debt factor heavily into your credit score.
If you're looking for an unsecured credit card for a lower credit score, here's what you need to know about the Slate Edge Credit Card.
The Slate Edge® Credit Card is a good option if you have fair credit and want access to a higher credit limit, but it doesn't earn rewards.
- Potential for automatic credit line increase
- No annual fee
- Basic shopping protections
- No rewards
- Charges a foreign transaction fee
Slate Edge Credit Card review
Benefits and perks
The key benefit of the Slate Edge card is that it's an option if you have a weaker credit score. It also comes with DoorDash perks and built-in insurance coverage. You may also qualify for a credit limit increase, as cardholders are automatically reviewed for a credit limit increase every six months or sooner.
You can enroll to receive six complimentary months of DoorDash DashPass when you activate by Dec. 31, 2027. DashPass provides $0 delivery fees and lower service fees on eligible orders. You can also take advantage of up to $10 off non-restaurant DoorDash orders once per quarter through Dec. 31, 2027.
Its insurance benefits are as follows:
- Purchase protection
- Extended warranty protection
- Rental car coverage
- Roadside assistance
Rewards and welcome bonus
The card does not earn any rewards or feature a welcome bonus.
Rates and fees
The card does not have an annual fee. It has a 3% foreign transaction fee and late or returned payment fees of up to $40. There is no intro APR offer.
Chase Slate Edge comparison
Chase Slate Edge vs. Capital One Platinum Credit Card
Capital One Platinum Credit Card is very similar to the Slate Edge. It is open to applicants with fair credit scores and has no annual fee. It even has the same automatic credit line increase review in as few as six months.
The main advantage of the Capital One Platinum card is that it has no foreign transaction fees. So deciding between these cards largely comes down to which bank you want to establish a relationship with.
The Capital One Platinum Credit Card is a credit-builder card that offers a path to upgrading to a more rewarding credit card in as little as six months.
- No annual fee
- No security deposit required
- No rewards on purchases
- No welcome offer
- High APR
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- No annual or hidden fees. See if you're approved in seconds
- Be automatically considered for a higher credit line in as little as 6 months
- Help build your credit through responsible use of a card like this
- Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
- Monitor your credit score with CreditWise from Capital One. It's free for everyone
- Get access to your account 24 hours a day, 7 days a week with online banking from your desktop or smartphone, with Capital One's mobile app
- Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you're all set
- Pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
- Top rated mobile app
Balance transfer fee
- 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
Chase Slate Edge vs. Capital One Quicksilver Secured Credit Card
The Capital One Quicksilver Secured Credit Card has a big advantage over the Slate Edge — it earns rewards. However, it's also a secured credit card, which means you're required to make an upfront security deposit, and your credit limit is based on the amount of your deposit.
The minimum refundable deposit to open this card is $200. It has no annual fee and earns 1.5% cash back on all purchases. That's an above-average return for everyday spending, but is exceptionally rewarding for a secured credit card. Most credit cards for bad credit don't earn rewards.
The Capital One Quicksilver Secured Credit Card is an unusually rewarding card because you earn 1.5% cash back on every purchase.
- Simple rewards structure with no caps or categories to track
- Available if you have fair credit
- High APR
- Has an annual fee
Rewards
- Earn unlimited 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel
- Earn unlimited 1.5% cash back on every purchase, every day
Balance transfer fee
- $0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
Is the Chase Slate Edge right for you?
The Chase Slate Edge can be useful for building your credit profile. However, it has so few other features and benefits that it doesn't stand out as a particularly exciting card. Especially when you consider that there are similar easy-to-get credit cards that offer rewards and are also available with fair credit.
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Information about the Slate Edge® Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
