Bank Of America Travel Rewards Card Vs Chase Sapphire Preferred
Choosing a credit card that suits your travel needs can be a daunting task, especially with the countless number of cards available in the market. Two popular options are the Bank Of America Travel Rewards Card and the Chase Sapphire Preferred. In this article, we will compare and contrast these two cards to help you decide which one will work best for you.
Bank Of America Travel Rewards Card
The Bank Of America Travel Rewards Card is a great option for those who want to earn rewards on their travel expenses without paying an annual fee. This card offers unlimited 1.5 points for every dollar spent, and points can be redeemed for travel expenses such as flights, hotels, and rental cars. Additionally, this card offers a signup bonus of 25,000 points when you spend $1,000 within the first 90 days of account opening.
One of the benefits of the Bank Of America Travel Rewards Card is its flexibility. There are no blackout dates or restrictions when redeeming your points. You can book your travel through any website, travel agency, or other provider, and then use your points to offset your travel expenses. Furthermore, there are no foreign transaction fees when using this card, making it an excellent choice for international travelers.
However, one downside of this card is that it does not offer any travel benefits such as airport lounge access or travel insurance. Additionally, the rewards rate of 1.5 points per dollar spent is lower than some other travel rewards cards.
Chase Sapphire Preferred
The Chase Sapphire Preferred is a popular travel rewards card that offers a generous signup bonus and various travel benefits. This card offers 2 points per dollar spent on travel and dining, and 1 point per dollar spent on other purchases. Points can be redeemed for travel, cashback, or gift cards.
One significant perk of the Chase Sapphire Preferred is its generous signup bonus of 100,000 points when you spend $4,000 within the first three months of account opening. This bonus alone can be worth up to $1,250 when redeemed for travel through Chase Ultimate Rewards portal.
Furthermore, the Chase Sapphire Preferred offers various travel benefits such as primary rental car insurance, trip cancellation/interruption insurance, and baggage delay insurance. Additionally, cardholders have access to exclusive travel experiences and benefits through the Chase Ultimate Rewards program, such as airport lounge access and special hotel perks.
However, the Chase Sapphire Preferred comes with an annual fee of $95, which may be a deal-breaker for some people. Additionally, the rewards rate of 2 points per dollar spent on travel and dining may not be ideal for individuals who do not spend much money on these categories.
So, Which One Should You Choose?
Choosing the right travel rewards card depends on your individual travel needs and spending habits. If you want a card with no annual fee and good rewards rate, the Bank Of America Travel Rewards Card might be the right choice for you. However, if you are a frequent traveler who spends a significant amount on travel and dining and values travel benefits, the Chase Sapphire Preferred might be a better option.
In summary, both the Bank Of America Travel Rewards Card and the Chase Sapphire Preferred are excellent travel rewards cards that offer different perks and benefits. Consider your travel needs and spending habits, and choose the card that aligns with your priorities to maximize your rewards and make the most of your travels.
