Chase Sapphire Preferred Vs Bank Of America Travel Rewards
Introduction
Travel credit cards are a great way to earn rewards and save money while traveling. However, with so many options available, it can be hard to choose which credit card is the best for your needs. Two popular choices are the Chase Sapphire Preferred and the Bank of America Travel Rewards credit cards. In this article, we will compare and contrast the benefits and drawbacks of these two cards to help you decide which one is right for you.
Chase Sapphire Preferred
The Chase Sapphire Preferred is a premium travel credit card that is designed for frequent travelers who want to earn rewards for their spending. This card offers a generous sign-up bonus of 100,000 points after spending $4,000 in the first three months of card membership. The card also offers double points on travel and dining expenses, which can quickly add up to significant rewards. Additionally, the Chase Sapphire Preferred offers many travel benefits, including trip cancellation and interruption insurance, travel accident insurance, and baggage delay insurance.
Bank of America Travel Rewards
The Bank of America Travel Rewards credit card is a great option for those who want to earn rewards without paying an annual fee. This card offers 1.5 points per dollar spent on all purchases, and these points can be redeemed for travel statement credits. Additionally, the Bank of America Travel Rewards card offers a sign-up bonus of 25,000 points after spending $1,000 in the first 90 days of card membership. This card also offers travel benefits, such as travel accident insurance and auto rental collision damage waiver.
Comparison
When comparing the Chase Sapphire Preferred and the Bank of America Travel Rewards cards, there are several factors that you should consider. First, the Chase Sapphire Preferred offers a larger sign-up bonus and double points on travel and dining expenses, while the Bank of America Travel Rewards offers a smaller sign-up bonus but rewards on all purchases. Second, the Chase Sapphire Preferred has more travel benefits, such as trip cancellation and interruption insurance, while the Bank of America Travel Rewards offers more generic travel benefits, such as travel accident insurance and auto rental collision damage waiver.
In terms of annual fees, the Chase Sapphire Preferred charges $95, while the Bank of America Travel Rewards charges no annual fee. However, the Chase Sapphire Preferred offers more rewards and potential savings for frequent travelers. Ultimately, the card that is best for you will depend on your spending habits and travel preferences.
Conclusion
Both the Chase Sapphire Preferred and the Bank of America Travel Rewards credit cards offer valuable rewards and benefits for travelers. The Chase Sapphire Preferred offers more rewards and travel benefits, but comes with an annual fee. The Bank of America Travel Rewards card offers rewards on all purchases and no annual fee, but has fewer travel benefits. Consider your spending habits and travel preferences to decide which card is right for you.