However, despite the fact that both Freedom Unlimited and the Slate are Chase-issued products, their features and perks are vastly different. Find out which card is best for you.
The Chase Freedom Unlimited and Chase Slate look to be identical credit cards in terms of their features and fees. In terms of advantages, they are both issued by Chase and share a few. However, each card is tailored to a certain audience, which becomes clear when you examine the specifics.
This comparison of the Chase Freedom Unlimited and the Chase Slate credit cards will show you the advantages and disadvantages of each card. In order to choose the best credit card for you, you need this information.
Chase Slate vs. Chase Freedom Unlimited
The Chase Freedom Unlimited is a cash-back credit card because it gives its customers cash back incentives for every qualified transaction. Because of its low introductory interest rates on debt transfers, the Chase Slate is categorized as a balance transfer credit card.
It’s easy to see where each card is better suited to particular scenarios because they fall into different categories. Because of the cashback, you may get with Freedom Unlimited, for instance, you can save money on every transaction you make. In contrast, the Chase Slate may be a better choice if you want to avoid paying interest on a big amount of credit card debt.
The Chase Slate and Freedom Unlimited have three key distinctions
When it comes to credit cards, it’s easy to understand why one could be a better fit than another. Between the Freedom Unlimited and the Chase Slate, there are three main distinctions to be aware of:
In this list, just one of the cards is a cash-back or rewards card. 5 percent on travel purchased through Chase Ultimate Perks, 3 percent on dining and pharmacy purchases, and 5% on Lyft rides are some of the cashback rewards offered by the Chase Freedom Unlimited card. When you make a purchase using your Chase Slate, you won’t receive any type of reward. As a result, it concentrates on other advantages.
Because of this, Freedom Unlimited rewards you with cashback in the form of Chase Ultimate Rewards points, which you may then use to pay your monthly bill or make purchases at participating shops or for gift cards. Cashback on every transaction means you can use this card for anything and still earn at least a 1.5% discount on every purchase.
In order to attract you to obtain a credit card, several credit card firms provide sign-up bonuses or welcome incentives. You may receive a lot of money back or additional points when you sign up for these new services, so they’re well worth taking advantage of. You may earn an additional 1.5% cashback on all purchases (up to $20,000 in the first year) with the Chase Freedom Unlimited card.
With the Chase Slate sign-up bonus, you don’t receive points when you make purchases with your card. If you’re looking to transfer or buy something, you’ll get an introductory APR offer instead. The Chase Slate welcome bonus works as follows: Long 0% APR introductory period for purchases and debt transfers.
No matter whatever bonus you choose, neither one is necessarily better than the other. One of these two cards, the Freedom Unlimited, offers the best rewards in terms of cashback. However, if you’re looking for a credit card with a low introductory annual percentage rate (APR), the Chase Slate is a better option.
When it comes to balance transfers, the Chase Slate beats out the Chase Freedom Unlimited hands down. A balance transfer is an act of moving an outstanding debt from one financial institution to another. If the interest rate on the new credit card is lower than the interest rate on the old credit card, this might be a good money-saving technique.
There isn’t an introductory APR for balance transfers on Chase Freedom Unlimited right now. However, during the first 15 months following account establishment, the Chase Slate provides a 0% intro APR on balance transfers (before increasing to a variable APR of 16.49 percent to 25.24 percent). For the charge of a balance transfer, your interest rate won’t be subject to variable APR for a certain period of time.
Choose the right card for you
If you can match up one of the card’s perks with your particular financial objectives, the Chase Freedom Unlimited or Chase Slate is the clear winner. The Freedom Unlimited is the finest cashback credit card on the market, beating out the Chase Slate by a wide margin.
Because the Chase Slate does not have a rewards program, using it to make purchases does not provide any further benefits beyond the potential to improve your credit and place purchases on credit.
The Chase Slate, on the other hand, offers enticing introductory APR rates on both purchases and transfers. The Chase Slate might help you avoid interest payments for a period of time if you can plan ahead for future purchases or a balance transfer. If you don’t want to utilize the Chase Slate to earn prizes, you may still use it for other purposes.
In general, if you’re looking for a cashback card that you can use on a regular basis, Freedom Unlimited is a good option. For every qualified purchase, you receive a cash rebate, as well as the additional benefits of purchase protection and extended warranty coverage. Even yet, if you’re looking to save money on purchases and balance transfers in the short term, the Chase Slate is a better option.
Both the Chase Freedom Unlimited and the Chase Slate credit cards from the Chase credit card family are among the top in their respective categories. However, bear in mind that each of these cards has a unique purpose and may be used in a variety of contexts. Compare the advantages of each card using the data provided above before making a final decision.
Don’t forget to take into account your own spending patterns and preferences when applying for a new credit card. The finest credit card for you will have the features and perks you want and be able to assist you in reaching your objectives.