I had a Chase Slate Visa card which I received from Chase more than 24 years ago. Originally it was just a Chase Master Card with no points earning benefits and carried an annual fee of $20. I still remember good old days, whenever the annual fee came due I used to call Chase to get the fee waived for that card.
After many years and various incarnations later a few years ago Chase converted the card to Chase Slate Visa. Since it was not earning any points, I was using the card occasionally to keep the card in my portfolio.
Along with this Chase Slate Visa card, I have still one more Chase Slate Visa card I received 23+ years ago. Because the credit score will rank better, I do not want to cancel my oldest cards as well as for the sentimental reasons I want to keep the first credit card I received many years ago in my portfolio.
Chase Slate to Chase Freedom
- Earn one ultimate rewards points per dollar for everyday spend.
- 5x Category bonus spend every quarter.
- No annual fee.
- Points can be converted to cash any time for 1¢ per point.
- Points can be used for travel using Chase Ultimate Rearwards travel portal.
- Points can be transferred to Chase Sapphire Reserve or Preferred, and then the points can be transferred to Chase Ultimate Rewards partner airline for free premium class travel.
Picked the phone and talked to the Chase representative and told him I would like to convert my Chase Slate to Chase Freedom Visa card. I also asked him whether there will be any credit history pulled for the conversion request just like applying for a new card and whether I can keep my credit card history going back to 1992. He said since this is a card conversion no credit history will be pulled and I will not lose the card history after conversion.
No signup bonus
If I apply for a Chase Freedom Visa card, I will get a signup bonus of 20,000 Ultimate Rewards Point. I asked the representative whether I get the signup bonus for the card conversion. He said no signup bonus is available for card conversion. But he said there is a referral bonus of 5,000 Ultimate Rewards Point available if I refer someone and that person gets approved for the Chase Freedom Visa Card.
I could have applied for the Chase Freedom Visa card and received the signup bonus, but I already have 4 Chase cards, and I do not want to apply for one more card from Chase. Moreover, I wanted to keep my oldest card in my portfolio, so I decided to convert my Chase Slate to Chase Freedom card, by forgoing 20,000 points.
After conversion of the card, he told me I could continue to use my Chase Slate card which will be treated as Chase Freedom card, and I will receive the new Chase Freedom card with the same number and different expiry date. After having received the new Chase Freedom card, he said I can discard my old Chase Slate card.
Enrollment in 5X Category
To receive the 5X category bonus option, I need to enroll my Chase Freedom Visa card in the quarterly bonus category spend. Right after I hang up with the Chase representative, I logged on to my Chase account and found out my Chase Slate card has been converted into Chase Freedom Visa Card and I enrolled the card in the quarterly 5x bonus category.
Bonus Miles earned using Chase Freedom
So for after using the card for the past 40+ days, I have collected close to 4355 points valued at $43.55, for a total spend of $1117. The points earning got a boost because I diverted all the grocery and drug store purchase through the Chase Freedom card which allowed me to earn 5x points for each dollar.
Chase Freedom card is a good card, using the card we can earn Chase Ultimate Rewards Point which can be utilized for free premium class travel when the points are transferred to Chase Sapphire Preferred or Reserve Ultimate Rewards. Moreover, the 5 point bonus category each quarter offers an excellent way of earning additional points for each dollar spent.