NEW YORK—Chase has revamped yet another of its flagship credit cards.
After a makeover for the Chase Freedom card with the introduction of the Chase Freedom Flex last year, the card issuer has now turned to its Chase Slate offering.
The original Chase Slate card offered a 0% APR promotion for 15 months on purchases and balance transfers, plus no balance transfer fee for the first 60 days. The new Chase Slate Edge credit card offers an introductory 0% APR promotion for 12 months on purchases and balance transfers. The card now charges a 3% transfer fee for the first 60 days, then a 5% fee after that, Investopedia reported.
Once the introductory 0% APR promotion ends, the variable APR ranges from 14.99% to 23.74%.
“If you pay your bill on time every month and spend at least $1,000 per year, you may be able to get your APR reduced by as much as 2%. The card offers a $100 bonus when you spend $500 on it in the first six months, but there’s no ongoing rewards program,” Investopedia noted.