The Chase Slate and Chase Freedom Unlimited are two credit cards that provide promotional rates. While the two cards share some similarities, depending on your situation, you’ll definitely want to choose one over the other.
Editor’s note: The Chase Slate card is not currently accepting new applications on the Chase site, though you might be able to apply for the card in a branch location.
If you’re looking to compare the Chase Slate 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 cards are tailored toward very different kinds of cardholder. Where the Freedom Unlimited boasts a lucrative rewards rate, the Slate 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 vs. Chase Freedom Unlimited: At a glance
Here is a comparison of the Chase Slate vs. Chase Freedom Unlimited in a table form:
|Rewards rate||No rewards|
|Sign-up bonus||Not currently open for applications||$200 cash back after spending $500 in the first three months of having the card|
|Balance transfer perks||Introductory APR on new purchases, no current balance transfer offer unless targeted|
The Chase Slate card is one of Chase’s introductory branded credit cards and does not come with any rewards program. You won’t earn any reward or discount by making purchases on the Chase Slate card. And since the Chase Slate card is not open for new applications, it doesn’t have a welcome bonus either.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 a very 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 Preferred or Chase Sapphire Reserve, 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 and the Chase Freedom Unlimited offer attractive introductory APRs for new purchases, but only the Chase Slate offers an introductory APR on balance transfers.
If you have a balance you’re looking to transfer, the Chase Slate could give you significant savings over the Chase Freedom Unlimited.
See related: Best balance transfer cards
Where Chase Slate really shines is in the fact that it also does not charge any balance transfer fee. This is in contrast to the 3% balance transfer fee that is charged to transfer a balance to the Chase Freedom Unlimited card. Depending on how much of a balance you’re looking to transfer, choosing the Slate over Freedom Unlimited could save you hundreds of dollars.
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 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 and Chase Freedom Unlimited cards can be valuable cards. While the Chase Slate card is not open for new applications at the time of writing this article, it is still available as an option to do a product change if you have a different Chase card. But if you’re not looking to transfer a balance, you will be better off with the Chase Freedom Unlimited. The introductory welcome offer plus the ongoing rewards you can earn from each purchase far outweigh the benefits of the Chase Slate – especially if you have other Chase credit cards that also earn Ultimate Rewards points.
*All information about the Chase Slate has been collected independently by CreditCards.com and has not been reviewed by the issuer.