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The Chase Slate and Chase Freedom are designed for two different types of consumers.

Chase Slate is a balance transfer credit card that can help you ease the pressure of credit card debt. New cardholders will receive a 0% introductory APR for the first 15 months on purchases and balance transfers. What’s more, Chase charges no fee to transfer a balance within the first 60 days of opening the account.

Chase Freedom is a great cash-back credit card for those who don’t mind doing a little bit of work to maximize its value. It offers rotating bonus cash-back categories — like restaurants and movie theaters — which change quarterly and pay 5% back on up to $1,500 in combined purchases.

Table of contents

Cost

Main benefit

Introductory offer

Chase Slate review

Chase Freedom review

Deciding which of these two cards to pick depends on your reasons for getting a new card. If you have some debt and you’re looking to save money on interest, the Chase Slate could be a good choice for you. If you don’t typically carry a balance and are up for the challenge of tracking category spending to maximize your rewards, the Chase Freedom might be the right fit.

It’s important to know that although the Chase Freedom also has a 15-month 0% introductory offer on purchases and balance transfers, it also charges a 5% fee to transfer a balance, which can eat away at the savings intended by shifting debt to this card.

Chase Slate vs. Chase Freedom

Chase Slate Chase Freedom
Annual fee $0 $0
Sign-up bonus None $150 cash back
How to earn bonus N/A Spend $500 within the first three months
Rewards None 5% back on up to $1,500 in combined purchases on rotating quarterly categories; 1% cash back on all other purchases
Introductory offer 0% intro APR for the first 15 months on purchases and balance transfers 0% intro APR for the first 15 months on purchases and balance transfers
Balance transfer fee None for transfers made within the first 60 days; thereafter, $5 or 5% of the transferred balance,

whichever is greater
$5 or 5% of the transferred balance, whichever is greater
APR after intro period 15.99% to 24.74% variable 15.99% to 24.74% variable

Cost

Neither card charges an annual fee. Annual fees are common among some rewards credit cards, but are not frequently seen on balance transfer credit cards.

Main benefit

Each card serves a very different purpose.

Chase Slate: Choose this card if you have credit card debt you want to transfer and you’re looking to save money on interest charges. You also have to have a plan to pay off the balance within the 15-month introductory period, otherwise you might be better off with a low-interest card instead. Once your debt is paid off, this card has few ongoing benefits.

Chase Freedom: Choose this card if you’re looking for a no-fee rewards card and are organized enough with your spending to take advantage of the rotating cash-back categories. If you typically carry a balance, the benefits of this card will be outweighed by what you’ll pay in finance charges. You may be able to find another rewards card that offers a higher cash-back rate.

Introductory offer

Chase Slate: This card stands out because it doesn’t charge a fee when you transfer a balance to it within within the first 60 days of opening the account. This could add up to a considerable savings, but only if you plan on paying the balance off within the Chase Slate’s 15-month interest-free period. Treat the money you’ll save on transfers during the first 60 days of card ownership as a rather lucrative sign-up bonus.

Chase Freedom: Earn a $150 sign up bonus if you spend at least $500 within the first three months of card ownership. It also offers a 0% introductory APR on purchases and balance transfers but you’ll get dinged with a 5% fee for shifting any debt from another card to this one.

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