Chase Sapphire Preferred Vs Bank Of America Travel
If you're a frequent traveler or someone who loves to travel, you must be aware of the importance of having a good travel credit card. Travel credit cards offer several perks and rewards that can make your travel experience much better. Two of the most popular travel credit cards in the United States are the Chase Sapphire Preferred and the Bank of America Travel card. In this article, we'll be comparing the two cards to help you decide which one is the right choice for you.
Overview
The Chase Sapphire Preferred card is one of the most popular travel credit cards in the United States. It offers a welcome bonus of 60,000 points after you spend $4,000 in the first three months of opening your account. The card also offers 2x points on travel and dining expenses and 1x point on all other purchases. The annual fee for the card is $95.
The Bank of America Travel card, on the other hand, offers a welcome bonus of 25,000 points after you spend $1,000 in the first 90 days of opening your account. The card also offers 1.5x points on all purchases, and there is no annual fee for the card.
Points and Rewards
The Chase Sapphire Preferred card offers 2x points on travel and dining expenses, which means if you spend $100 on travel or dining, you'll earn 200 points. The card also offers 1x point on all other purchases. The points you earn with the card can be redeemed for several rewards, including travel, merchandise, and cash back. If you redeem your points for travel through the Chase Ultimate Rewards program, you'll get a 25% bonus, which means 60,000 points are worth $750 in travel rewards.
The Bank of America Travel card offers 1.5x points on all purchases, which means if you spend $100, you'll earn 150 points. The points you earn with the card can be redeemed for travel rewards, statement credits, or cash back.
Foreign Transaction Fees
The Chase Sapphire Preferred card has no foreign transaction fees, which means you can use the card to make purchases abroad without having to worry about paying extra fees. This is a great feature for frequent travelers. The Bank of America Travel card, on the other hand, charges a 3% foreign transaction fee, which means if you make a purchase abroad, you'll have to pay an extra 3% in fees.
Travel Benefits
The Chase Sapphire Preferred card offers several travel benefits, including trip cancellation insurance, trip interruption insurance, baggage delay insurance, and primary rental car insurance. The card also offers access to the Chase Ultimate Rewards program, which allows you to book travel with over 13 different airlines and hotels. Additionally, the card offers access to several airport lounges worldwide through the Priority Pass Select program.
The Bank of America Travel card offers travel accident insurance, lost luggage reimbursement, and travel and emergency assistance services. The card also offers access to the Bank of America Travel Center, which allows you to book travel with several airlines and hotels.
Conclusion
Both the Chase Sapphire Preferred and the Bank of America Travel card offer several perks and rewards that can make your travel experience much better. However, if you're a frequent traveler, the Chase Sapphire Preferred card is the better choice due to its lack of foreign transaction fees, travel benefits, and rewards program. On the other hand, if you're someone who doesn't travel frequently, the Bank of America Travel card is the better choice due to its lack of annual fees and its simple reward system.