Money Analysed

Comparing Chase Freedom Unlimited vs Chase Slate: Which is Better for You?

Cash back and balance transfer credit cards offer excellent opportunities for credit card users to save money on fees and interest payments. Chase Bank, one of the largest banking institutions in the United States, offers two popular credit cards, the

Chase Freedom Unlimited and the

Chase Slate, that cater to both of these card types.

In this article, we will compare and contrast the two cards, highlighting their key features, fees, benefits, and rewards to help you make an informed decision on which one to choose.

Chase Freedom Unlimited vs.

Chase Slate: A Comparison

Card Type

Chase Freedom Unlimited is a cashback credit card that rewards users with unlimited 1.5% cash back on all purchases, whereas

Chase Slate is a balance transfer credit card that allows users to transfer high-interest debt from other credit cards to

Chase Slate and enjoy 0% APR for 15 months.

Credit Card Issuer and Network

Both cards are issued by Chase Bank and follow the Visa network. This means that both cards are accepted by merchants worldwide that accept Visa payments.

Annual Fee

Neither of the two cards have an annual fee, which is excellent news for users who are looking to avoid paying an unnecessary fee.

Welcome Bonus

Chase Freedom Unlimited has a welcome bonus of $200 cash back after spending $500 in the first three months of account opening, while

Chase Slate offers new cardholders 0% APR for 15 months on balance transfers made within the first 60 days of account opening.

Earning Rate

Chase Freedom Unlimited earns unlimited 1.5% cash back on all purchases, while

Chase Slate does not earn rewards as it is a balance transfer card.

Redemption Methods

Chase Freedom Unlimited has a variety of redemption methods, including statement credits, direct deposits, gift cards, travel, and purchases.

Chase Slate does not have a reward program, as its primary purpose is to allow users to transfer high-interest debt from other credit cards.

Intro APR

Both cards offer 0% APR on purchases and balance transfers for a limited time.

Chase Freedom Unlimited offers 0% APR for the first 15 months from account opening while

Chase Slate offers 0% APR for the first 15 months on balance transfers made within the first 60 days of account opening.

Annual Credits

Neither credit card offers any annual credits.

Travel Perks

Chase Freedom Unlimited offers travel perks, including the ability to transfer rewards to travel partners, travel insurance, auto rental collision damage waiver, and roadside dispatch.

Chase Slate does not offer any travel perks.

Other Benefits

Both

Chase Freedom Unlimited and

Chase Slate offer purchase protection, which covers eligible purchases against damage or theft for 120 days and up to $500 per claim and $50,000 per card account. They also offer extended warranty protection, with

Chase Freedom Unlimited granting one additional year of protection to eligible products.

Foreign Transaction Fee

Chase Freedom Unlimited charges a foreign transaction fee of 3%, making it less desirable for international travel.

Chase Slate, on the other hand, charges a balance transfer fee of 5% of the amount transferred or $5, whichever is greater.

What Both Cards Excel At

Both

Chase Freedom Unlimited and

Chase Slate have similar features they excel at, including:

Annual Fee: Neither of the two cards have an annual fee, which is great for users looking for a low-cost credit card option.

Intro APR on Purchases: Both cards offer 0% APR on purchases for a limited time, allowing cardholders to make purchases without incurring interest charges. Purchase Protection and Extended Warranty: Both cards offer purchase protection and extended warranty, which covers eligible purchases against damage or theft and offers additional protection time for eligible products.

Car Rental Coverage: Both cards offer car rental coverage in the form of a collision damage waiver for eligible vehicles within the U.S. and abroad. Contactless Payments: Both cards allow for contactless payments, which is a quick and easy way to make payments using your mobile device.

Chase Offers: Both cards offer Chase Offers, a free discount program that provides statement credits when you shop at participating merchants.

Conclusion

In conclusion, both the

Chase Freedom Unlimited and the

Chase Slate are valuable credit cards with unique features that cater to different consumers.

Chase Freedom Unlimited is ideal for those who want to earn cash back on their everyday purchases, while

Chase Slate is perfect for those who want to transfer high-interest debt from other credit cards and pay it off without incurring additional interest charges.

Before applying for any credit card, always be sure to do your research, compare the options, and read the terms and conditions thoroughly to make an informed decision that best suits your needs.

3 Important Differences Between the

Chase Slate and Freedom Unlimited

When it comes to credit cards, there are many options to choose from, and it’s important to understand the differences between them to make an informed decision. The

Chase Slate and Freedom Unlimited are two popular Chase credit cards that cater to different consumer needs.

Here are three key differences between them:

Rewards Earning

The most significant difference between the

Chase Slate and Freedom Unlimited lies in their rewards program. The Freedom Unlimited is a cashback credit card that earns unlimited 1.5% cash back on all purchases.

In contrast, the

Chase Slate does not offer a rewards program, as its primary function is to help consumers pay off their debt. This means that if you’re looking to earn rewards on your purchases, then the Freedom Unlimited may be the better option for you.

Sign-Up Bonuses

Both the

Chase Slate and Freedom Unlimited offer sign-up bonuses, but they differ in their offerings. The Freedom Unlimited offers a $200 cash back bonus after spending $500 in the first three months.

This is in addition to the 0% introductory APR for 15 months on purchases and balance transfers. On the other hand, the

Chase Slate offers 0% introductory APR for the first 15 months on balance transfers made within the first 60 days of account opening, with a balance transfer fee of either $5 or 5% of the amount transferred, whichever is greater.

If you’re looking to earn a sign-up bonus, then the Freedom Unlimited may be the better option for you.

Balance Transfers

The

Chase Slate is designed specifically for balance transfers, offering a 0% introductory APR for the first 15 months on balance transfers made within the first 60 days of account opening. In contrast, the Freedom Unlimited does not offer a 0% introductory APR on balance transfers, but it can be used as a balance transfer card with a variable APR of 14.99% – 23.74% after the introductory 0% APR period.

Additionally, the

Chase Slate has a balance transfer fee of either $5 or 5% of the amount transferred, whichever is greater, while the Freedom Unlimited does not charge a balance transfer fee. If you’re looking to transfer a high-interest debt from another credit card, then the

Chase Slate may be the better option for you.

Which Card Should You Choose? Now that we’ve highlighted the key differences between the

Chase Slate and Freedom Unlimited, which card should you choose?

The answer to this question will depend on your personal finance goals and situation. Here’s a closer look at each card’s features and benefits to help you make an informed decision.

Chase Freedom Unlimited

The

Chase Freedom Unlimited is an excellent everyday cashback card that offers unlimited 1.5% cash back on all purchases. This makes it an excellent option for consumers who want to earn rewards on their everyday purchases.

Additionally, the card offers a $200 cash back bonus after spending $500 in the first three months, making it a great option for those looking to earn a sign-up bonus. Other benefits of the Freedom Unlimited include purchase protection, which covers eligible purchases against damage or theft for 120 days and up to $500 per claim and $50,000 per card account.

The card also offers extended warranty protection, with an additional year of protection on eligible products.

Chase Slate

The

Chase Slate is an ideal credit card for consumers looking to pay off their high-interest debt from other credit cards. The card offers 0% introductory APR for the first 15 months on balance transfers made within the first 60 days of account opening.

This makes it an excellent option for those looking to consolidate their debt and save on interest payments. Additionally, the

Chase Slate does not charge a balance transfer fee for the first 60 days of account opening, making it an even more cost-effective option for debt consolidation.

However, it’s important to note that the card does not offer a rewards program, so it may not be the best option for those looking to earn rewards on their purchases. In conclusion, choosing between the

Chase Slate and Freedom Unlimited will ultimately depend on your personal finance goals and situation.

If you’re looking to pay off high-interest debt, then the

Chase Slate may be the better option for you. However, if you’re looking to earn rewards on your everyday purchases, then the Freedom Unlimited might be a better fit.

Whatever you choose, make sure to read the terms and conditions carefully and use your credit card responsibly. Choosing a credit card can be challenging, and understanding the differences between two popular options from Chase

Chase Slate and Freedom Unlimited can help consumers make informed decisions.

While Slate is a balance transfer card with no rewards, Freedom Unlimited offers cashback rewards and flexible redemption options. Other distinctions between the two cards include sign-up bonuses and balance transfer fees.

Choosing which card is right for you depends on your personal finance goals and current situation. With credit card debt expensive and dangerous, a card like Slate that offers balance transfer duration with no fee may be the ideal choice, while the Freedom Unlimited card is perfect for consumers looking to earn rewards on everyday purchases.

Whether you choose one or the other, ensure you read through their terms and conditions carefully, use your credit card wisely, and maintain a healthy credit score.

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