Edited by: Keri Stooksbury
& Kellie Jez
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If you’re faced with a decision whether to select a no-annual-fee credit card that earns rewards on your purchases or one that doesn’t, you’d probably select the card that earns rewards. However, the decision of selecting the right credit card in this example, may not be so simple.
The Chase Freedom Flex℠, for example, offers robust rewards-earning opportunities and redemption options, while the Chase Slate Edge℠ does not even earn rewards. The Chase Slate Edge card, however, has other strengths that could still make it a good card choice.
Keeping in mind that there are various factors influencing your choice of credit cards, today’s comparison focuses on these 2 cards that are quite different from each other. Each card, however, could be the perfect choice for a particular situation, and that’s what we plan to explore.
In today’s article, we’ll expand on the details of both cards, and how each card could add value for the right cardholder.
With this objective in mind, read on as we explore our 2 featured cards.
Before we get into the details of the Freedom Flex card and Chase Slate Edge card, let’s look at a high-level overview of what each card has to offer.
|Feature or Benefit||Chase Freedom Flex℠||Chase Slate Edge℠ Credit Card|
|Welcome Bonus||Earn a $200 bonus after you spend $500 on purchases in your first 3 months.||No welcome offer available|
||The card does not earn rewards|
|Travel Benefits and Protections||
Auto rental collision damage waiver
|Additional Travel Benefits and Protections||
Trip cancellation, trip interruption
|Shopping Benefits and Protections||Purchase protection, extended warranty|
|Additional Shopping Benefits and Protections||
|Credit Management Tools||
My Chase Plan
Chase Credit Journey
|Additional Credit Management Tools||N/A||
Most rewards-earning credit cards offer an initial welcome bonus for which you can qualify immediately after card account approval. Here’s a look at the current welcome offer, if any, on each card:
The Freedom Flex card is an excellent no-annual-fee card that still earns big with 5% cash-back on travel and other bonus categories.
The Chase Freedom Flex℠ sure does pack quite a punch — especially for a no-annual-fee card.
The Freedom Flex card is an incredible option for those looking for a well-rounded cash-back card, or a powerful point-earner when paired with a premium card in the Ultimate Rewards family.
The Chase Slate Edge card is a great option for those looking to build their credit.
Chase revamped the Chase Slate Edge℠ in 2021. It’s a no-annual-fee card designed for those looking to build their credit or those who need a low-interest APR card for a large purchase or balance transfer.
While the Chase Slate Edge card does not offer the opportunity to earn any rewards, it is a great option for those who are just beginning their credit journey, and the card still offers lucrative benefits that any cardholder would find value in.
While the Chase Slate Edge card does not earn rewards, the Freedom Flex card has a robust earning structure. Rewards are earned first as Ultimate Rewards points that can be redeemed for cash-back and more.
Here’s how you’ll earn rewards on the Freedom Flex card:
Redemption options for the rewards earned on the Freedom Flex card are many. Here are the choices you’ll have at redemption time:
In addition to these redemption options, one of the best ways to maximize the cash-back earned on the Freedom Flex card is to transfer rewards to premium Chase credit cards such as the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve®. Once transferred, you can redeem for travel via the Chase travel portal for up to 50% more in value. You can also then transfer rewards to the Chase hotel and airline partners for potentially even greater value.
Both the Freedom Flex card and the Chase Slate Edge card come with the following travel protections:
Both the Freedom Flex card and Chase Slate Edge card offer several shopping benefits and protections that can save you money or provide protection for eligible items purchased with your card.
In addition to the above shopping benefits and protections, the Freedom Flex card offers these additional features.
Both the Freedom Flex card and Chase Slate Edge card offer features that can help you manage your credit.
Managing credit is where the Chase Slate Edge card shines for new cardholders:
The Freedom Flex card and Chase Slate Edge card do not charge annual fees. Also, you can add authorized users to either card for no fee.
There is no minimum age to add an authorized user on either card.
Keep in mind that the primary cardholder is responsible for any charges made by authorized users, so it is not a step to take lightly, especially when you’re trying to build your own credit.
If your credit is excellent, the Freedom Flex card would be a better card choice. However, if the Chase Slate Edge card better suits your situation, here are a couple of additional rewards-earning cards to consider:
Great card for the average spender with no specific focus category; worry-free cash-back earning on everything!
The Citi Double Cash® Card has long been one of the top cash-back credit cards on the market, and the card now has the ability to earn Citi ThankYou Points!
This means that cardholders of the Double Cash card will now earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Cash back is earned in the form of ThankYou Points. This means each billing cycle, you will earn 1 ThankYou point per $1 spent on purchases and an additional ThankYou point for every $1 paid on your purchase balance as long as there is a corresponding balance in your Purchase Tracker.
Citi has turned the Double Cash card into a top choice for those who are looking for an everyday, no-fuss credit card.
The no-annual-fee Double Cash card allows you to earn 2% cash-back rewards on every purchase: 1% cash-back when you make your purchase and an additional 1% when you pay your bill (earned as ThankYou Points). The card also offers an introductory 0% APR offer as shown in the table above.
If you have little credit history, the no-annual-fee Freedom Rise card may be a good fit. You’ll be earning 1.5% cash-back on every purchase you make, and the card comes with a complimentary 3-month DoorDash DashPass membership and a 3-month Instacart+ membership. Additionally, you’ll be eligible for a credit limit increase after 6 months.
If you’re looking to roll over high-interest credit card balances or repay a large purchase(s) over time without interest charges, the Chase Slate Edge card could add a lot of value. The card can also help you start to build a relationship with Chase, even if your credit is hovering around a 700 credit score.
Establishing a positive relationship with a bank such as Chase can yield benefits when it’s time to apply for a car loan or take out a mortgage. Managing a Chase credit card well can help open the door to these greater credit needs and help you qualify for the best Chase cards.
While this scenario makes a case for the Chase Slate Edge card, if you have excellent credit, the Freedom Flex card offers significantly more value. Plus, you’ll still be able to utilize any card’s introductory 0% APR, should those benefits provide value to you. Learn more about all the benefits of the Freedom Flex card in this related article.
The information regarding the Chase Freedom Flex℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Slate Edge℠ Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Freedom Rise℠ Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The Freedom Flex card is a better card due to its robust rewards earning structure, redemption options, cell phone protection, and additional travel and shopping benefits.
However, the Chase Slate Edge card could be a good choice if you have high interest rate credit card balances to transfer or large purchases coming up as the card offers up to 18 months of 0% APR.
The Freedom Flex card is a World Elite Mastercard.
Yes, the Chase Slate Edge card comes with rental car insurance that is secondary within your country of residence.
Yes, the Freedom Flex card charges a 3% foreign transaction fee on the amount of each foreign purchase.
You will need to have good to excellent credit. A credit score of 700 or better is recommended for the best chance of being approved.
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