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Chase Slate Edge℠ vs Chase Sapphire Preferred® Card
Do you need to make a balance transfer or do you want rewards?
Chase Sapphire Preferred® Card vs Chase Slate Edge℠: 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 Edge℠’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 and the highest bonus ever offered among Chase’s flagship cards.
Best rewards: Chase Sapphire Preferred® Card
The Chase Slate Edge℠ 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 Edge℠
The Chase Slate Edge℠ offers an intro APR on balance transfers and purchases at a respectable 0% for 12 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 Edge℠
The lack of annual fee on the Chase Slate Edge℠ 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 Edge℠ 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.
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