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Choosing a credit card can be a daunting task, especially when there are so many options available in the market. Two popular travel reward credit cards are the Chase Sapphire Preferred and the Bank of America Travel Rewards. Both cards offer attractive rewards and perks, but which one should you choose? In this article, we will compare the features and benefits of both cards to help you decide which one is right for you.
Chase Sapphire Preferred
The Chase Sapphire Preferred is a travel rewards credit card that offers valuable rewards and benefits to frequent travelers. Here are some of the key features of this card:
| Features | Details |
|---|---|
| Rewards Program | Earn 2x points on travel and dining at restaurants worldwide and 1 point per dollar spent on all other purchases. |
| Bonus Offer | Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,250 when you redeem through Chase Ultimate Rewards®. |
| Redemption Options | You can redeem your points for travel, cash-back, gift cards, and more. Plus, points are worth 25% more when you redeem them for travel through Chase Ultimate Rewards®. |
| Annual Fee | $95 |
| Other Benefits | No foreign transaction fees, primary rental car insurance, trip cancellation/interruption insurance, and more. |
The Chase Sapphire Preferred is a great card for those who travel frequently and want to earn valuable rewards on their purchases. The bonus offer of 100,000 points is a great way to jumpstart your rewards earnings, and the redemption options are flexible and valuable.
Bank of America Travel Rewards
The Bank of America Travel Rewards is another travel rewards credit card that offers valuable rewards and benefits to frequent travelers. Here are some of the key features of this card:
| Features | Details |
|---|---|
| Rewards Program | Earn unlimited 1.5 points for every $1 spent on all purchases. |
| Bonus Offer | Earn 25,000 bonus points after you spend $1,000 on purchases in the first 90 days of account opening. |
| Redemption Options | You can redeem your points for travel, cash-back, gift cards, and more. |
| Annual Fee | $0 |
| Other Benefits | No foreign transaction fees, 0% introductory APR for 12 billing cycles on purchases, and more. |
The Bank of America Travel Rewards is a great card for those who want to earn valuable rewards without paying an annual fee. The bonus offer of 25,000 points is also a great way to jumpstart your rewards earnings, and the redemption options are flexible and valuable.
How to Choose the Right Card?
So, which card should you choose? It depends on your spending habits and travel preferences. Here are some factors to consider:
- If you spend a lot of money on travel and dining, the Chase Sapphire Preferred may be the better option for you since you can earn 2x points on these purchases.
- If you want to avoid paying an annual fee, the Bank of America Travel Rewards may be the better option for you since there’s no annual fee.
- If you want a card with a generous bonus offer, the Chase Sapphire Preferred may be the better option for you since the bonus offer is worth more.
- If you want a card with a 0% introductory APR, the Bank of America Travel Rewards may be the better option for you since it offers a 0% introductory APR for 12 billing cycles on purchases.
Ultimately, both cards offer valuable rewards and benefits, and it’s up to you to decide which one fits your needs and preferences the best.
FAQ
1. Can I use Chase Ultimate Rewards® points to book flights?
Yes, you can use Chase Ultimate Rewards® points to book flights, hotels, rental cars, and more.
2. Does the Bank of America Travel Rewards card come with any travel insurance?
Yes, the Bank of America Travel Rewards card comes with travel accident insurance, trip cancellation/interruption insurance, and auto rental collision damage waiver.
3. Is there a foreign transaction fee for either card?
No, neither card charges a foreign transaction fee.
4. Can I transfer points from the Bank of America Travel Rewards card to other loyalty programs?
No, you cannot transfer points from the Bank of America Travel Rewards card to other loyalty programs.
Conclusion
Both the Chase Sapphire Preferred and the Bank of America Travel Rewards are great travel rewards credit cards that offer valuable rewards and benefits to frequent travelers. It’s important to consider your spending habits and travel preferences when choosing a card, and to choose the one that fits your needs and preferences the best.