Key takeaways
- The Slate EdgeĀ® card from Chase may also help you repay bank card debt, with a no curiosity buy and stability switch choice for 18 months. After the introductory interval ends, a 20.49 % to 29.24 % APR applies.
- The Chase Freedom FlexĀ® card additionally comes with a purchase order and stability switch choice, this one options no curiosity for 15 months earlier than the 20.49 % to 29.24 % APR kicks in. Its major characteristic, nonetheless, is the flexibility 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 relies on whether or not you prioritize a protracted interest-free intro provide or a shorter intro provide however ongoing rewards.
The Slate EdgeĀ®* and Chase Freedom FlexĀ®* are designed for cardholders with totally different targets. Having a look at your priorities for the cardboard will assist you to select.
The Slate Edge card is smart in case youāre paying off debt and wish to save on curiosity with a stability switch and lengthy 0 % intro APR. Alternatively, the Freedom Flex card is a well-liked, no-annual-fee money again rewards card that additionally affords a 0 % intro APR, albeit for a shorter time-frame.
Learn the way the playing cards stack up and which could be best for you.
Card options
| Function | Chase Slate Edgeā | Chase Freedom FlexĀ® |
|---|---|---|
| Annual charge | $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 charge | None | 5 % money again on activated bonus class purchases every quarter (as much as $1,500 in purchases, then 1 %) and Chase Journeyā purchases; 5 % money again on Lyft rides (by 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 stability 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 stability transfers. After the intro APR ends, a 20.49% to 29.24% variable APR applies. |
| Stability switch charge | $5 or 3% of stability switch, whichever is bigger, on transfers made inside 60 days of account opening. After, $5 or 5% of every stability switch, whichever is bigger. | $5 or 3% of stability switch, whichever is bigger, for the primary 60 days. After, $5 or 5% of every stability switch, whichever is bigger. |
Chase Slate Edge vs. Freedom Flex highlights
Whereas the Chase Slate Edge and Freedom Flex each have benefits, theyāre geared towards totally different cardholder wants. Check out how these playing cards examine.
Welcome bonus winner
Rewards charge winner
International transaction charge winner
Stability switch provide winner
Financing new purchases winner
Approval charge amongst Bankrate customers winner
Which card earns essentially the most?
Freedom Flex is the one choice that can earn you rewards, however it will probably rely upon how strategic you’re together with your spending. Youāll should activate and use your card within the quarterly 5 % classes to get most worth.
That stated, incomes 3 % at eating places and drugstores can add up as properly.
Tips on how to maximize incomes with the Freedom Flex
Letās 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 letās say you additionally spend $1,000 a 12 months on journey booked through the Chase Journey portal on the 5 % charge ā thatās 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 % charge.
All that spending provides as much as $560 a 12 months in money again.
Why must you get the Slate Edge card?
With bank card rates of interest presently averaging above 20 %, itās finest to deal with bank card debt as shortly as you may. The Slate Edge buys you time ā 18 months ā to repay debt with out accruing extra of that top curiosity.
Slate Edge cardholders are additionally eligible for a credit score line improve by paying on time and spending $500 within the first six months, which might assist cut back your credit score utilization and increase your credit score rating.
And Chase will robotically take into account you for a 2 % APR discount in case you spend $1,000 by your subsequent account anniversary and make well timed funds in your stability. The potential to lower your APR is exclusive and may prevent cash in case you carry a stability after the intro interval.
Why must you get the Freedom Flex card?
The Freedom Flex is an effective money again rewards card for anybody prepared to strategize their purchases. Nonetheless, 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 mean you can 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 relies on your present relationship with bank card debt and causes for getting a brand new card.
When you’ve got debt and wish to switch it to a brand new card to save cash on curiosity, the Slate Edge affords an extended 0 % intro APR interval. However if you wish to earn rewards in your spending ā and presumably nonetheless profit from a shorter 0 % intro APR interval ā the Freedom Flex is usually a nice choose.
The details about the Slate EdgeĀ® and Chase Freedom FlexĀ® has been collected independently by Bankrate.com. The cardboard particulars haven’t been reviewed or authorised by the cardboard issuer.
