Bank Of America Travel Card Vs Chase Sapphire Preferred
Traveling has become a crucial aspect of our lives, and who doesn't love to travel? Exploring new places, meeting new people, experiencing different cultures, and creating memories to cherish for a lifetime. However, traveling can be expensive, and not everyone can afford it. This is where travel credit cards come in handy. They offer various rewards and benefits that can help you save money while traveling. Bank of America Travel Card and Chase Sapphire Preferred are two of the most popular travel credit cards in the market. In this article, we will compare both of them and help you choose the one that suits your needs.
Bank of America Travel Card
Bank of America Travel Card is designed for people who love to travel and want to save money while doing so. It offers various benefits such as no foreign transaction fees, travel insurance, and rewards for every purchase made. The card comes in two versions, the Bank of America Travel Rewards Credit Card and the Bank of America Premium Rewards Credit Card.
The Bank of America Travel Rewards Credit Card offers 1.5 points per dollar spent on all purchases, with no annual fee, no foreign transaction fees, and a sign-up bonus of 25,000 points after spending $1,000 in the first 90 days. The points can be redeemed for travel purchases or cash back.
The Bank of America Premium Rewards Credit Card, on the other hand, offers more rewards and benefits, but with an annual fee of $95. It offers 2 points per dollar spent on travel and dining and 1.5 points per dollar spent on all other purchases. It also offers a sign-up bonus of 50,000 points after spending $3,000 in the first 90 days. The points can be redeemed for travel purchases, cash back, or statement credits.
Chase Sapphire Preferred
Chase Sapphire Preferred is another popular travel credit card that offers various benefits, rewards, and exclusive access to events. It has an annual fee of $95 and offers 2 points per dollar spent on travel and dining and 1 point per dollar spent on all other purchases.
One of the most significant advantages of the Chase Sapphire Preferred is that the points can be redeemed for 25% more value through the Chase Ultimate Rewards program. It also offers a sign-up bonus of 60,000 points after spending $4,000 in the first 3 months, which is worth $750 in travel when redeemed through the Chase Ultimate Rewards program.
The Chase Sapphire Preferred also offers various travel benefits such as no foreign transaction fees, trip cancellation insurance, and car rental insurance. It also provides exclusive access to various events and experiences.
Which Card Wins?
Both the Bank of America Travel Card and Chase Sapphire Preferred offer various benefits, rewards, and exclusive access. However, which one is better for you depends on your needs and spending habits.
If you are a frequent traveler and spend a lot on travel and dining, the Bank of America Premium Rewards Credit Card or the Chase Sapphire Preferred can be a good option for you. It offers more rewards, travel benefits, and exclusive access.
However, if you are a casual traveler and want to save money on your travels, the Bank of America Travel Rewards Credit Card can be a good option for you. It offers no annual fee, no foreign transaction fees, and rewards for every purchase made.
Regardless of which card you choose, make sure you read the terms and conditions carefully and use it responsibly. Use it for purchases that you can afford to pay off every month to avoid accumulating debt and damaging your credit score.
Conclusion
Choosing a travel credit card can be overwhelming, but it doesn't have to be. By comparing the benefits, rewards, and fees of different cards, you can choose the one that suits your needs and budget. Both the Bank of America Travel Card and Chase Sapphire Preferred are excellent options for travel enthusiasts, but make sure you choose the one that suits your needs and spending habits.
