How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.If you’re a frequent traveler who wants to earn an influx of rewards to use toward free travel, the Chase Sapphire Preferred® Card is an ideal choice. The card offers the following sign-up bonus: Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.
Cardholders can also earn Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more., as well as 1X points on all other purchases.
Along with redeeming points for cash, statement credits, gift cards, travel, and products and services, Chase Sapphire Preferred® Card holders can transfer points to a variety of travel transfer partners at a rate of 1:1.
Although the Chase Sapphire Preferred® Card charges an annual fee of $95, the value you can get from the card’s sign-up bonus and rewards rate more than makes up for the cost.
In this review, we’ll break down the pros and cons of the Chase Sapphire Preferred® Card, as well as show how it compares to the Capital One Venture Rewards Credit Card.
Intro Purchase APR
N/A
Regular Purchase APR
20.99% - 27.99% Variable
Intro BT APR
N/A
Regular BT APR
20.99% - 27.99% Variable
Annual Fee
$95
Cash Advance Fee
Either $10 or 5% of the amount of each transaction, whichever is greater.
Foreign Transaction Fee
$0
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Sign-up bonus
Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.
Rewards rate
You can Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more., 3X points on select streaming services, 3X points on online grocery purchases (excluding Target, Walmart and wholesale clubs) and 1X points on all other purchases. Additionally, earn 5X points on Lyft rides through March 2025.
Plus, Chase offers a 10% anniversary points boost. For example, if you spend $25,000 in purchases, that’s a bonus of 2,500 points.
25% boost in rewards value
When you redeem your points for travel through Chase Ultimate Rewards, you’ll get 25% more value from your rewards. So instead of being worth 1 cent each, points will be worth 1.25 cents each.
Additionally, for a limited time, Ultimate Rewards points will be worth 25% more when redeemed for statement credits against purchases with Airbnb and Away.
To receive your statement credit, select an eligible purchase made within the past 90 days and apply your points to all or part of the purchase.
Travel transfer partners
You can transfer points at a rate of 1:1 to 11 airline partners and three hotel partners. Travel transfer partners include Aer Lingus AerClub, Air Canada Aeroplan, British Airways Executive Club, Emirates Skywards, Flying Blue AIR FRANCE KLM, Iberia Plus, JetBlue TrueBlue, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, IHG Rewards Club, Marriott Bonvoy and World of Hyatt.
Hotel credit of up to $50 per year
You can earn up to $50 in statement credits each account anniversary year when you book hotel stays through Chase Ultimate Rewards®.
Annual fee
The Chase Sapphire Preferred® Card comes with a $95 annual fee. However, the value of the sign-up bonus more than covers that cost during the first year of card membership.
No intro APR
If you’re planning to finance a large purchase and pay it off over time or transfer a balance from a high-interest credit card, the Chase Sapphire Preferred® Card may not be ideal, since it does not offer a 0% introductory APR on purchase or balance transfers.
If you want to earn an elevated rewards rate on general purchases, you may want to consider the Capital One Venture Rewards Credit Card ($95 annual fee). The card offers 2 Miles per dollar on every purchase, every day; 5 Miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel.
But while the Capital One Venture Rewards Credit Card comes with several benefits, including a credit of up to $100 to cover your Global Entry or TSA Precheck application fee, travel accident insurance and 24-hour travel assistance services, it doesn’t offer all of the same travel protections as the Chase Sapphire Preferred® Card, such as trip cancellation/interruption insurance, baggage delay insurance or trip delay reimbursement.
| Credit Cards | Our Ratings | Annual Fee | Welcome Offer | Rewards Rate | Recommended Credit Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion | |
|---|---|---|---|---|---|---|
Chase Sapphire Preferred® Card
 Apply Now
on Chase's secure site |
$95 | Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year. | Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. | Excellent |
Apply Now
on Chase's secure site |
|
Capital One Venture Rewards Credit Card
Apply Now
on Capital One's secure site Rates & Fees |
$95 | 75,000 Miles once you spend $4,000 on purchases within 3 months from account opening | 2 Miles per dollar on every purchase, every day; 5 Miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel | Good / Excellent |
Apply Now
on Capital One's secure site Rates & Fees |
|
Chase Sapphire Reserve®
Apply Now
on Chase's secure site |
$550 | Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. | Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases. | Excellent |
Apply Now
on Chase's secure site |
|
Bank of America® Premium Rewards® credit card
Apply Now
on Bank Of America's secure site |
$95 | 60,000 online bonus points - a $600 value - after you make at least $4,000 in purchases in the first 90 days of account opening. | 2 points for every $1 spent on travel and dining purchases. 1.5 points for every $1 spent on all other purchases. | Good / Excellent |
Apply Now
on Bank Of America's secure site |
If you travel regularly, the Chase Sapphire Preferred® Card is a great option. The card offers a valuable sign-up bonus that can be worth $750 when redeemed for travel through Chase Ultimate Rewards, as well as an elevated rewards rate on travel, dining at restaurants, select streaming services and online grocery purchases. But if you want a travel rewards card that offers a solid rewards rate on every purchase you make, the Capital One Venture Rewards Credit Card is more ideal.
Or, if you’d prefer a travel rewards card with a higher rewards rate and more premium benefits, the Chase Sapphire Reserve® is a step above the Chase Sapphire Preferred® Card.
The card offers Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases., 3X points on other travel and dining, and 1X points on all other purchases. Cardholders also enjoy 10x points on Lyft rides through March 2025, in addition to 15% off Lyft car rides and a year of complimentary Lyft Pink membership.
Additionally, the Chase Sapphire Reserve® offers several valuable benefits, including a $300 annual travel credit and 50% more rewards value when you redeem points for travel through Chase Ultimate Rewards.
The downside? The card comes with an annual fee of $550.
Apply Now
For Capital One products listed on this page, some of the above benefits are provided by third parties such as Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as certain terms, conditions, and exclusions apply.
The content above is not provided by any issuer. Any opinions expressed are those of LendingTree alone and have not been reviewed, approved, or otherwise endorsed by any issuer. The offers and/or promotions mentioned above may have changed, expired, or are no longer available. Check the issuer's website for more details.
