Key takeaways
- The Slate Edge® card from Chase can assist you repay bank card debt, with a no curiosity buy and steadiness switch possibility for 18 months. After the introductory interval ends, a 20.49 % to 29.24 % APR applies.
- The Chase Freedom Flex® card additionally comes with a purchase order and steadiness switch possibility, this one options no curiosity for 15 months earlier than the 20.49 % to 29.24 % APR kicks in. Its major function, nevertheless, is the power to earn rewards, together with 5 % money again on activated bonus class purchases every quarter as much as $1,500, then 1 %.
- Figuring out which card is best for you is determined by whether or not you prioritize a protracted interest-free intro supply or a shorter intro supply however ongoing rewards.
The Slate Edge®* and Chase Freedom Flex®* are designed for cardholders with totally different targets. Looking at your priorities for the cardboard will make it easier to select.
The Slate Edge card is smart for those who’re paying off debt and need to save on curiosity with a steadiness switch and lengthy 0 % intro APR. Alternatively, the Freedom Flex card is a well-liked, no-annual-fee money again rewards card that additionally presents a 0 % intro APR, albeit for a shorter timeframe.
Find out how the playing cards stack up and which is likely to be best for you.
Card options
| Function | Chase Slate Edge℠ | Chase Freedom Flex® |
|---|---|---|
| Annual price | $0 | $0 |
| Welcome bonus | N/A | Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening |
| Rewards price | None | 5 % money again on activated bonus class purchases every quarter (as much as $1,500 in purchases, then 1 %) and Chase Journey℠ purchases; 5 % money again on Lyft rides (by means of March 2025); 3 % money again on eating (together with eating places, takeout and eligible supply providers) and drugstore purchases; and 1 % money again on all different purchases. |
| Intro APR | 0% intro APR for the primary 18 months on purchases and steadiness transfers. After the intro APR ends, a 20.49% to 29.24% variable APR applies. | 0% intro APR for the primary 15 months on purchases and steadiness transfers. After the intro APR ends, a 20.49% to 29.24% variable APR applies. |
| Steadiness switch price | $5 or 3% of steadiness switch, whichever is bigger, on transfers made inside 60 days of account opening. After, $5 or 5% of every steadiness switch, whichever is bigger. | $5 or 3% of steadiness switch, whichever is bigger, for the primary 60 days. After, $5 or 5% of every steadiness switch, whichever is bigger. |
Chase Slate Edge vs. Freedom Flex highlights
Whereas the Chase Slate Edge and Freedom Flex each have benefits, they’re geared towards totally different cardholder wants. Check out how these playing cards evaluate.
Welcome bonus winner
Rewards price winner
International transaction price winner
Steadiness switch supply winner
Financing new purchases winner
Approval price amongst Bankrate customers winner
Which card earns probably the most?
Freedom Flex is the one possibility that may earn you rewards, however it might probably depend upon how strategic you might be together with your spending. You’ll need to activate and use your card within the quarterly 5 % classes to get most worth.
That mentioned, incomes 3 % at eating places and drugstores can add up as effectively.
How you can maximize incomes with the Freedom Flex
Let’s say you max out your spending with the Freedom Flex within the 5 % classes every quarter. That spending alone will earn you $300 in money again a 12 months (or 30,000 Final Rewards factors).
Now let’s say you additionally spend $1,000 a 12 months on journey booked through the Chase Journey portal on the 5 % price — that’s one other $50 in money again.
Lastly, estimate that you just spend $6,000 per 12 months at eating places for an additional $180 and $1,000 per 12 months at drugstores for $30 on the 3 % price.
All that spending provides as much as $560 a 12 months in money again.
Why do you have to get the Slate Edge card?
With bank card rates of interest at the moment averaging above 20 %, it’s greatest to deal with bank card debt as rapidly as you may. The Slate Edge buys you time — 18 months — to repay debt with out accruing extra of that top curiosity.
Slate Edge cardholders are additionally eligible for a credit score line enhance by paying on time and spending $500 within the first six months, which might assist scale back your credit score utilization and increase your credit score rating.
And Chase will routinely contemplate you for a 2 % APR discount for those who spend $1,000 by your subsequent account anniversary and make well timed funds in your steadiness. The potential to lower your APR is exclusive and might prevent cash for those who carry a steadiness after the intro interval.
Why do you have to get the Freedom Flex card?
The Freedom Flex is an efficient money again rewards card for anybody prepared to strategize their purchases. Nevertheless, it actually shines as an addition to a complete Final Rewards technique.
If you have already got a premium Chase card such because the Sapphire Most popular or Sapphire Reserve, including the Freedom Flex to the combination will will let you earn extra rewards in quarterly classes and increase your Final Rewards stash.
The underside line
When selecting between the Chase Slate Edge and Freedom Flex, it is determined by your present relationship with bank card debt and causes for getting a brand new card.
When you have debt and need to switch it to a brand new card to economize on curiosity, the Slate Edge presents an extended 0 % intro APR interval. However if you wish to earn rewards in your spending — and probably nonetheless profit from a shorter 0 % intro APR interval — the Freedom Flex could be a nice decide.
The details about the Slate Edge® and Chase Freedom Flex® has been collected independently by Bankrate.com. The cardboard particulars haven’t been reviewed or accredited by the cardboard issuer.
