Chase Slate vs. Chase Sapphire Preferred

Chase Slate vs. Chase Sapphire Preferred

December 2, 2015         Written By Jason Steele

Chase is one of the largest credit card issuers in the United States, and it offers a variety of cards for different needs. For cardholders who are looking to pay off their debt, Chase offers its Slate card, which features several valuable tools to reduce their interest charges and manage their finances. And for those who are in the habit of paying their statement balances in full each month, Chase also offers its Sapphire Preferred card which features a leading travel rewards program.

Let’s take a look at these two cards and see which one is right for you:

Chase Slate

Featured Fair Credit Card

Top Features: All credit types welcome to apply!

Chase SlateThe Chase Slate card is a fairly simple card, yet it offers powerful features for customers to manage their finances. First, Slate offers new applicants 15 months of interest-free financing on both new purchases and balance transfers. In fact, it is the only 0% APR promotional financing offer that has no balance transfer fee. There is no fee for balance transfers completed within 60 days of account opening, and a 3% balance transfer fee imposed on subsequent transfers.

After the promotional financing period expires, an APR of 12.99%, 17.99%, or 22.99% will apply, depending on the creditworthiness of the cardholder at the time of application. Furthermore, there is no penalty APR that applies should you happen to miss a payment. Benefits include access to a free monthly FICO Score and a summary of your credit report information, in order to track and manage your credit health. Their Credit Dashboard shows you the reasons behind your score and offers helpful information on ways to manage it.

Another important feature is access to Chase’s powerful Blueprint program. Blueprint allows cardholders to avoid interest charges by paying off some purchases in full each month, while carrying a balance on others. Blueprint also contains advanced budgeting and goal-setting tools. For example, cardholders can specify a monthly payment that they can afford, and Blueprint will calculate how long it will take to pay off their balance. Alternatively, you can choose a time frame for paying off your balance, and Blueprint will calculate the amount that you will need to pay in order to reach your goal; Chase will even print your personalized Blueprint balance on each month’s statement. There is no annual fee for this card.

Chase Sapphire Preferred® Card

The Chase Sapphire Preferredcard is one of the leading travel rewards credit cards offered in the United States. It features double points for all travel and dining expenses, and one point per dollar spent on all other purchases. Points are earned in Chase’s Ultimate Rewards program, which offers several ways to redeem them. Points are worth one cent each toward cash back, merchandise, or gift cards, and 1.25 cents toward travel reservations made through Chase’s Ultimate Rewards travel center.

While this card has no promotional financing offer, it does feature a sign-up bonus of 60,000 points after you spend $4,000 on purchases in the first three months from account opening.

As a luxury travel card, you have direct access to customer service specialists. Or as Chase proudly boasts “When you call us, our phones are answered by people, not prompts.” This card is also made of metal, which makes it incredibly durable and gives it has a unique, heavy feel. The standard interest rate is 15.99% - 22.99% Variable. There is a $95 annual fee for this card.

Which card is right for you?

The Chase Slate card is uniquely suited for cardholders who have existing balances on other credit cards, as it is the only card from a major card issuer that does not impose a balance transfer fee on 0% APR transfers. But at the same time, the Sapphire Preferred is not the worst choice for those who are paying down their balance, as it also offers Blueprint and only the most qualified Slate applicants will receive a lower standard interest rate.

Yet the Chase Sapphire Preferred card is primarily designed with travelers in mind, as it has no foreign transaction fees, and offers impressive travel rewards in the Ultimate Rewards program. Depending on whether your goal is paying off your balance or earning travel rewards, the right choice between these two cards will become clear to you.

Another Card to Consider

Here is another outstanding travel credit card to consider:

Capital One® Venture® Rewards Credit Card

The Capital One® Venture® Rewards Credit Card is a great travel card. It offers double miles on every purchase.  Each mile is worth one cent as a statement credit toward travel reservations. Eligible travel purchases include those made from airlines, hotels and rental cars. To redeem your miles, make a purchase the way you normally would. Then redeem your miles later for statement credits to offset those purchases. This allows you to earn points and miles from your award travel, and you are still eligible for upgrades, unlike traditional airline and hotel awards.

As a special introductory bonus, new cardholders receive 50,000 bonus miles, worth $500, after spending $3,000 on new new purchases within three months of account opening. Cardholders also receive up to $100 application fee credit for Global Entry or TSA Pre✓®. This card is equipped with an EMV smart chip, and is compatible with the Apple Pay mobile payment system. There is a $95 annual fee for this card but it is waived the first year.

If you don’t want to pay an annual fee, Capital One offers the Capital One® VentureOne® Rewards Credit Card. It is very similar to the Venture card, but only earns 1.25 miles per dollar spent. The introductory bonus is also scaled back. New VentureOne applicants earn 20,000 bonus miles, worth $200 in travel, after spending $1,000 within the first three months of account opening. This card also offers new applicants 12 months of interest-free financing on new purchases. Both the Venture and VentureOne cards have no foreign transaction fees.

Note: The information for the Chase Slate and the Chase Sapphire Preferred cards have been collected independently by LowCards.com. The product details on this page have not been reviewed or provided by the bank advertiser.

The information contained within this article was accurate as of December 2, 2015. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

Review LowCards.com Editor’s Top Cards!

2020 Top Credit Cards by Category
Featured Fair Credit Card
Reflex Mastercard® Credit Card
EDITOR RATING
Featured Fair Credit Card
Reflex Mastercard® Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: All credit types welcome to apply!

Featured Low Interest Card
ABOC Platinum Rewards Mastercard®
EDITOR RATING
Featured Low Interest Card
ABOC Platinum Rewards Mastercard®

Applying for this card will securely direct you to the issuer's website.

Top Features: No annual fee; $150 statement credit after spending $1,200 in first 90 days; 0% on Purchases for 12 months

Featured Bad Credit Card
First Digital NextGen Mastercard® Credit Card
EDITOR RATING
Featured Bad Credit Card
First Digital NextGen Mastercard® Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: Reports to all three credit bureaus, perfect credit not required for approval

Featured Good Credit Card
Petal® Visa® Credit Card
EDITOR RATING
Featured Good Credit Card
Petal® Visa® Credit Card

Applying for this card will securely direct you to the issuer's website.

Top Features: No fees whatsoever. No late fee, international fee, annual fee, or any-other-kind-of-fee, fee


jasonsteele

About Jason Steele

Jason Steele is a journalist that covers credit cards, travel and consumer credit. As one of the nation's leading experts in credit cards, Jason has contributed to dozens of travel and personal finance outlets including NerdWallet, Credit Karma and the Points Guy, where he serves as the Senior Points and Miles Contributor. Jason has also been widely quoted in mainstream media in outlets such as the Washington Post, the USA Today and Bloomberg Business Week. Jason is also the founder and producer of CardCon, which is the annual Conference for Credit and Credit Card Media.