Apple Card vs Chase Sapphire Preferred: Which is the Better Credit Card?

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The newly launched Apple Card is making waves in the news for being a hot new product on the financial market. But how does the card stack up against big players, like a premium card from Chase? In this article, we’ll compare Apple Card vs Chase Sapphire Preferred, one of Chase’s more popular premium travel cards.

Apple Card: At a Glance

Apple Card review

  • No annual fee
  • No foreign transaction fee, or any other fees
  • No signup bonus
  • Earns 1% on all purchases, 2% on purchases with Apple Pay, and 3% on Apple purchases
  • Earns cash back, which can be transferred to your bank account or sent to a friend
  • Not yet available for signup – should launch in Summer 2019
  • Likely will be available for a wide range of credit scores
  • Designed to work seamlessly with Apple Pay
  • Sleek, minimalist card design with no card number printed on it
  • Unique features like a spend tracker, advanced security features and more
  • Designed to help you understand interest payments, and minimize the interest you pay
  • Click here to learn more about the card

Overall, the Apple Card is an exciting new product. It’s best features are innovative security measures and the built-in spend tracking app, as well as the features designed to help you understand the interest you are paying. See our Apple Card review for a more detailed look at this card.

 

Chase Sapphire Preferred: At a Glance

Chase Sapphire Preferred

  • $95 annual fee
  • No foreign transaction fee
  • Huge signup bonus of 60,000 points – worth $750 towards travel purchases! To earn this, you must spend $4,000 on the card in the first 3 months
  • Earns 1 point per $1 spent on all purchases, and 2 points per $1 on all travel and dining purchases
  • Earns flexible rewards points which can be redeemed for travel, cashback, gift cards and more
  • Points worth $0.01-0.02+ each, depending on what you use them for
  • Only available for folks with good credit scores and good income
  • A more premium credit card overall
  • Click here to learn more about the card

Overall, the Chase Sapphire Preferred or CSP is an excellent choice – but it’s not for everyone. This card requires a good credit score to get, as well as pretty good income. It’s also got an annual fee, and the signup bonus requires $4,000 spent on the card in 3 months. That said, for the right person (particularly travelers), this card offers a TON of value, including a ~$750 signup bonus, generous rewards, and more.

 

Apple Card vs Chase Sapphire Preferred

Apple Card vs Chase Sapphire Preferred

So, how do they stack up? Let’s look at Apple Card vs Chase Sapphire Preferred more closely.

The Apple Card is best for those who haven’t had much experience with credit cards. This is because it has no annual fee, it’s easier to get approved for than the CSP, and it has beginner-friendly features like an interest payment analyzer and spend tracker.

The Chase Sapphire Preferred is best for those who like to travel, and who have good credit scores. This is because it offers a huge signup bonus and good travel perks, but it requires a much higher credit score.

Now, since the Apple Card isn’t actually officially launched yet, it’s a bit difficult to fully analyze it. But for right now, this is how the two credit cards stack up.

Apple Card is best for folks who want a simpler, easier to get card with no annual fee, and the CSP is best for folks with higher income, higher credit scores and a desire to travel.

Questions? Leave a comment below!

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