Credit cards are a popular way to earn rewards and perks for everyday spending. The Chase Sapphire Preferred Card and the Bank of America Travel Rewards Card, are popular travel credit cards. In this article, we will compare and contrast the features and benefits of both cards to help you decide which one may better fit your needs.
Chase Sapphire Preferred Card vs. Bank of America Travel Rewards Card — Overview
The Chase Sapphire Preferred Card is a premium travel credit card offering various travel benefits and rewards. It has an annual fee of $95 and offers 2X points on travel and dining and 1X on all other purchases. On the other hand, the Bank of America Travel Rewards Card has no annual fee and offers 1.5 points per dollar spent on all purchases.
The Value of a Welcome Offer
Both credit cards offer welcome bonuses to new cardholders. The Chase Sapphire Preferred Card offers 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. These points are worth $1,250 when redeemed through the Chase Ultimate Rewards program. The Bank of America Travel Rewards Card, offers 25,000 bonus points after you spend $1,000 on purchases in the first 90 days from account opening. These points are worth $250 when redeemed for travel purchases.
Earning Potential
Regarding earning potential, the Chase Sapphire Preferred Card offers a higher earning rate for certain categories. The card offers 2X points on travel and dining purchases and 1X point on all other purchases. The Bank of America Travel Rewards Card, offers 1.5 points per dollar on purchases.
Redemption Options
Both cards offer flexible redemption options. With the Chase Sapphire Preferred Card, you can redeem your points for travel, cash back, gift cards, and merchandise through the Chase Ultimate Rewards program. When redeemed for travel through the portal, your points are worth 25% more. The Bank of America Travel Rewards Card, allows you to redeem your points for statement credits, travel purchases, and cash back.
Travel Protections and Benefits
Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card offers a range of travel protections and benefits, including:
- Trip cancellation/interruption insurance
- Trip delay reimbursement
- Baggage delay insurance
- Lost luggage reimbursement
- Travel accident insurance
- Primary rental car insurance
Bank of America Travel Rewards Card
The Bank of America Travel Rewards Card, also offers some travel protections and benefits, such as:
- Travel accident insurance
- Lost luggage reimbursement
- Baggage delay insurance
Shopping Protections and Benefits
Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card also offers several shopping protections and benefits, including:
- Purchase protection
- Extended warranty protection
- Return protection
- Price protection
Bank of America Travel Rewards Card
The Bank of America Travel Rewards Card, offers no shopping protections or benefits.
Annual Fees and Authorized Users
The Chase Sapphire Preferred Card has an annual fee of $95. However, the card allows you to add authorized users for free. The Bank of America Travel Rewards Card, has no annual fee and allows you to add authorized users for a fee of $0-$75 depending on the type of account.
Additional Benefits and Information
The Chase Sapphire Preferred Card also offers some additional benefits, such as:
- Complimentary DoorDash DashPass subscription
- Priority Pass Select membership
- 10% anniversary points bonus
The Bank of America, Travel Rewards Card offers no additional benefits.
Final Thoughts
Both the Chase Sapphire Preferred Card and the Bank of America Travel Rewards Card offer a range of benefits and rewards for your everyday spending. The Chase Sapphire Preferred Card may be a better choice if you spend a lot on travel and dining, while the Bank of America Travel Rewards Card may be a better option for those who want a no-annual-fee card with a simple earning structure. The Chase Sapphire Preferred Card also has a higher welcome offer and more robust travel and shopping protections. In contrast, the Bank of America Travel Rewards Card offers a lower welcome offer but allows for more flexible redemption options.
When traveling to Los Angeles, having the right credit card can improve your trip. The two popular options are the Chase Sapphire Preferred Card and the Bank of America Travel Rewards Card. But what about your accommodations? There are plenty of hotels in Los Angeles to choose from, and both credit cards offer rewards and benefits that can help you save money on your hotel stays. So, before you book your hotel, consider which credit card might be the best fit for you. To help you decide, we’ve compiled a comparison of the Chase Sapphire Preferred Card and the Bank of America Travel Rewards Card and a list of the top hotels in Los Angeles.
Ultimately, the best credit card for you depends on your spending habits and priorities. If you travel frequently and want a premium travel credit card with various benefits and protections, the Chase Sapphire Preferred Card may be the better option. However, the Bank of America Travel Rewards Card may be better if you want a simple no-annual-fee card with a straightforward earning structure and flexible redemption options.
In any case, it’s essential to research and considers your options carefully before choosing a credit card. Read the terms and conditions, including fees, rewards programs, and protections, to determine which card best fits your financial goals and lifestyle.
Hello, and welcome to my travel website! My name is Jennifer E. Sheahan, and I’m a passionate travel enthusiast who loves to explore new places and experience different cultures. I believe that travel is not just a way to escape from the daily grind, but also a way to learn and grow as a person.