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Likely limit on a Chase Slate Edge for fair credit?

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cellymoon
Established Member

Re: Likely limit on a Chase Slate Edge for fair credit?

Hi, I'm not the OP but thought this might help the discussion. The "Slate Edge" seems to have quietly been messed around with recently and is now marketed with the title "Slate Edge for Fair Credit" in certain places on Chase's site (like Offers & Credit Journey). I've tested this incognito, VPN, etc. to make sure it wasn't just different while I was signed in.

 

So the OP is asking about the card that Chase is now sometimes calling "Slate Edge for Fair Credit" not asking about getting the Slate Edge with fair credit—here are the differences I see so far:

 

  • The 0% Intro APR seems to just be gone now (Or at least, I can't find it.)
  • They stop mentioning balance transfers as much.
  • There is no SUB currently (Not sure if there was recently anyway)

Examples of new marketing language encountered:

 

Meet Chase Slate Edge℠ — Fair Credit.

The card that can help lower your APR by 2% and raise your credit limit, with no annual fee. Terms apply.

 

Chase Slate Edge℠ — Fair Credit
The card that can help you lower your APR by 2% and raise your credit limit, all with no annual fee. Terms apply.

 

I did see this part mentioned in another recent thread, but Chase has added this section on what they (purportedly) consider "fair credit":

 

Slate Edge - Fair Credit

Which credit level do you see yourself as?

 

Average / Fair Credit:

  • I may have been late (30 days past due) on my loan payments in the past but I am currently not late on my payments OR I have not defaulted on a loan in the last 5 years
  • I have a checking/savings account with Chase.

Good

  • I may have been late on my loan payments more than a year ago but I am currently not late on my payments ( 30 days past due)
  • I have not defaulted on a loan in the last 7 years

Excellent

  • I may have been late on my loan payments more than a year ago but I am currently not late on my payments ( 30 days past due)
  • I have not defaulted on a loan in the last 7 years
  • Bankruptcy is not reflected on my credit report
  • I have had a loan or credit card for 3 or more years with a credit limit above $5,000

Sorry if this isn't helpful or everyone knows this already, I can't find any mention on the Internet of Chase making these changes, just experiencing the Mandela effect of every video and article about it mentioning the lengthy 0% intro APR that it doesn't have. So this may have happened very recently.

 

If I'm wrong about any of this, please correct me and I will edit/delete my post, I don't want to spread misinformation. Cat Happy

 

Pre-post edit: OK, Wallethub seems to have updated their page about the Slate Edge now, but Time updated their review 2 days ago and it still talks endlessly about "The Chase Slate Edge℠ has a lot to offer, including a relatively long introductory annual percentage rate (APR) period."

 

 

Starting FICO8 (Feb 2023)
Current FICO8 (Aug 2023)

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