Bank Of America Travel Rewards Vs Chase Sapphire Preferred
When it comes to travel rewards credit cards, two popular options are Bank of America Travel Rewards and Chase Sapphire Preferred. Both cards offer great rewards and benefits, but which one is the best fit for you? In this article, we'll take a detailed look at the differences between these two cards and help you make an informed decision.
Bank of America Travel Rewards
The Bank of America Travel Rewards card is a great option for those who want to earn rewards on their everyday purchases. With this card, you will earn 1.5 points for every dollar you spend, and these points can be redeemed for travel purchases, such as flights, hotels, and rental cars.
One of the biggest benefits of the Bank of America Travel Rewards card is that it has no annual fee. This makes it a great option for those who are looking for a rewards credit card without having to pay extra fees each year.
In addition to the rewards program, the Bank of America Travel Rewards card also offers a sign-up bonus of 25,000 points if you spend $1,000 within the first 90 days of opening the account. This is equivalent to $250 in travel purchases.
Another benefit of this card is that it has no foreign transaction fees. This makes it a great option for those who frequently travel abroad and want to avoid extra fees when using their credit card.
Chase Sapphire Preferred
The Chase Sapphire Preferred card is another popular travel rewards credit card. With this card, you will earn 2 points for every dollar you spend on travel and dining, and 1 point per dollar on all other purchases.
One of the biggest benefits of the Chase Sapphire Preferred card is the sign-up bonus. You will receive 60,000 points if you spend $4,000 within the first 3 months of opening the account. This is equivalent to $750 in travel when you redeem through Chase Ultimate Rewards.
Another benefit of the Chase Sapphire Preferred card is that it offers a variety of travel benefits, such as trip cancellation/interruption insurance, primary car rental insurance, and baggage delay insurance. These benefits can come in handy when you're traveling, and they can save you money if something unexpected happens.
However, the Chase Sapphire Preferred card does have an annual fee of $95. While this fee is waived for the first year, it is something to consider if you're looking for a no-fee credit card.
Which Card Should You Choose?
When it comes to choosing between the Bank of America Travel Rewards card and the Chase Sapphire Preferred card, there is no clear winner. It ultimately depends on your individual needs and preferences.
If you're looking for a no-fee credit card that offers great rewards, the Bank of America Travel Rewards card is a fantastic option. However, if you're willing to pay an annual fee and want additional travel benefits, the Chase Sapphire Preferred card may be the better choice.
Ultimately, the key is to do your research and compare the benefits and rewards of each card. By doing so, you can make an informed decision and choose the credit card that best fits your needs.
Conclusion
Both the Bank of America Travel Rewards card and the Chase Sapphire Preferred card are great options for those who are looking for a travel rewards credit card. While the Bank of America Travel Rewards card offers no annual fee and a competitive rewards program, the Chase Sapphire Preferred card offers additional travel benefits and a generous sign-up bonus.
Ultimately, the decision between these two cards comes down to your individual needs and preferences. By comparing the benefits and rewards of each card, you can make an informed decision and choose the credit card that is best for you.
