The Chase Slate Edge and Chase Freedom Unlimited are two credit cards that provide introductory APRs. While the two cards share some similarities, depending on your situation, you’ll definitely want to choose one over the other.
If you’re looking to compare the Chase Slate Edge℠* and the Chase Freedom Unlimited cards, the first thing that you’ll notice is that the two have a lot of similarities. Both cards are issued by Chase bank and come with no annual fee. And both cards offer attractive introductory APRs on new purchases.
But the Freedom Unlimited and Chase Slate Edge cards are tailored toward different kinds of cardholders. Where the Freedom Unlimited boasts a lucrative rewards rate, the Slate Edge doesn’t come with an earning scheme. And while the Slate offers an intro APR on balance transfers in addition to new purchases, the Freedom Unlimited doesn’t currently have a balance transfer intro offer.
Read on to learn more about these cards and which might be right for you.
Chase Slate Edge vs. Chase Freedom Unlimited: At a glance
The table below shows these two Chase cards side-by-side:
|Rewards rate||No rewards|
|Sign-up bonus||$100 statement bonus after spending $500 in first six months||$200 cash back after spending $500 in the first three months of having the card|
|Balance transfer perks||None|
The Chase Slate Edge does not come with a rewards program, although it does offer a $100 statement bonus after spending $500 in your first six months.
The Chase Freedom Unlimited, meanwhile, earns cardholders rewards through Chase Ultimate Rewards. While both the rewards rate for everyday purchases and the welcome offer are marketed as cash back, you will actually earn Ultimate Rewards points for your purchases. With the Freedom Unlimited, you will earn 1.5% cash back (or 1.5 Ultimate Rewards points per dollar) on all purchases. Combined with the solid welcome offer and no annual fee, this makes the Chase Freedom Unlimited an attractive card.
With the Chase Freedom Unlimited card alone, your Ultimate Rewards points are only worth 1 cent per point. But if you combine it with a premium Chase credit card like the Chase Ink Business Preferred® Credit Card or Chase Sapphire Reserve card, then you can combine your Ultimate Rewards points and get even more value out of your accrued rewards.
Balance transfer introductory APR
Both the Chase Slate Edge and the Chase Freedom Unlimited offer introductory APRs for new purchases, but only the Slate Edge offers an introductory APR on balance transfers.
If you have a balance you’re looking to transfer, the Slate Edge could give you some savings over the Chase Freedom Unlimited, depending on how long it takes you to pay off the transferred amount.
See related: Best balance transfer cards
Where Chase Slate Edge gets its slight edge over the Freedom Unlimited is the Edge’s 12-month 0% intro APR on balance transfers (then 14.99% to 23.74% variable). However, while the Chase Freedom Unlimited has a 3% balance transfer fee, the Chase Slate Edge is 3% or $5 for only the first 60 days and then bumps up to 5% or $5, whichever is greater. Depending on how much of a balance you’re looking to transfer and as long as you transfer it in the first 60 days on the Slate Edge to snag the lower fee, choosing the Slate Edge over the Freedom Unlimited could save you a lot on interest over the first 12 months, but you’re not saving on the transfer fee.
The other main perk of the Slate Edge is that you can get a lower APR – by 2% each year – if you pay on time and spend at least $1,000 on your card by your next account anniversary (see terms). If you’re still carrying a balance that you’re steadily paying off, this could be both a way to lower your interest and encourage you to keep paying on time.
Which card should you choose?
The best card for you will depend on your particular situation. If you have a large credit card balance that you’re looking to transfer, the Chase Slate Edge is the way to go. But if you don’t carry a balance, then the Chase Freedom Unlimited is more lucrative. In addition to the rewards you will earn for each purchase, you’ll be able to earn a $200 welcome bonus after spending $500 on purchases in the first three months.
Both the Chase Slate Edge and Chase Freedom Unlimited cards can be valuable cards. If you’re not looking to transfer a balance, you will be better off with the Chase Freedom Unlimited. Unless you have a balance to transfer and are looking for an intro 0% APR for the transfer, the introductory offer plus the ongoing rewards you can earn from each purchase on the Freedom Unlimited far outweigh the benefits of the Chase Slate Edge.
*All information about the Chase Slate Edge has been collected independently by CreditCards.com and has not been reviewed by the issuer.