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Chase Slate® credit card vs Chase Sapphire Preferred® Card
Do you need to make a balance transfer or do you want rewards?
Updated . What changed?
Which card should you choose?
Chase Slate® credit card
- Intro balance transfer fee for the first 60 days, then $5 or 5% of the transfer, whichever is greater
- 0% intro APR on purchases and balance transfers for the first 15 months, then 14.99% to 23.74% variable
- Free FICO credit score
Chase Sapphire Preferred® Card
- Signup bonus. Earn 60,000 bonus points when you spend $4,000 in your first 3 months when you open your account. That's $750 in value when redeemed for travel purchases via the Chase Ultimate Rewards portal.
- Earn reward points. Every time you use your card toward travel and dining purchases, you earn 2x points. All other purchases earn 1x points.
- Point transfer. You can transfer your points in 1:1 ratio with Chase's hotel and airline partners, including British Airways, Air France KLM, Korean Air, Singapore Airlines, Southwest Airlines, United Airlines, Virgin Atlantic, IHG, Marriott and World of Hyatt.
Chase Sapphire Preferred® Card vs Chase Slate® credit card: a feature comparison
If you want a clear look at which Chase card wins in a given category, have a look at our picks below.
Best signup bonus: Chase Sapphire Preferred® Card
The Chase Slate® credit card’s signup bonus lets you avoid balance transfer fees for the first 60 days from account opening. This is certainly handy if you’re making a balance transfer, but it’s only useful if you’re transferring a large amount of debt.
The Chase Sapphire Preferred® Card’s 60,000 Ultimate Reward point offer, on the other hand, is quite valuable. Even among competing rewards cards, 60,000 points is quite a large bonus.
Best rewards: Chase Sapphire Preferred® Card
The Chase Slate® credit card doesn’t offer any form of rewards, even on base purchases. While this isn’t surprising given that it’s marketed as a balance transfer card, you should note that there are other balance transfer cards on the market that do offer rewards.
The Chase Sapphire Preferred® Card is a top card on the market for travel rewards, second only to the Chase Sapphire Reserve® within the Chase rewards catalog.
Best intro APR: Chase Slate® credit card
The Chase Slate® credit card offers an intro APR on balance transfers and purchases at a respectable 0% for 15 months. This gives the card great flexibility to fulfill two different spending needs: making large purchases or consolidating debt.
As the Chase Sapphire Preferred® Card is primarily a rewards card, Chase omitted introductory APRs entirely from the card. You generally shouldn’t make purchases on cards that received a balance transfer anyhow, so not a huge deal here.
Best annual fee: Chase Slate® credit card
The lack of annual fee on the Chase Slate® credit card is an important asset for a balance transfer card. When you’re looking to consolidate debt, the last thing you want is to pay money to simply use the card. And if you use the card for the purchase intro APR, the lack of annual fee can help you pay off your purchases faster.
At just $95 annually, the Chase Sapphire Preferred® Card’s annual fee is actually quite reasonable given the value it offers. But still, you’ll need to use the card and its perks regularly to make up for that fee.
The winner: No contest
Since the Chase Slate® credit card and Chase Sapphire Preferred® Card serve two different financial functions, it’s not feasible to choose a winner between the two. They simply aren’t comparable. However, if you’ve been in need of a rewards card AND a balance transfer card, this breakdown may help you decide which type of card is first on your agenda.
Compare balance transfer and travel credit cards
Want a broader look at your travel and balance transfer card options? Click on the corresponding tab, select your credit score and click “Show cards” to start comparing your options.
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