11 Difference Between Chase Sapphire Preferred And Discover It Cash Back

If you want upfront intro bonus go with chase sapphire preferred.

If you are going to use card more in first year go with discover it cash back.

If you do not mind paying annual fee, go with chase sapphire preferred.

If you want 0% intro apr go with discover it cash back.

If you are high spender on travel and dining, go with chase sapphire preferred.

If you do not mind enrolling in rotating categories, go with discover it cash back. 

1. Intro Bonus:

Chase Sapphire Preferred:

Earn 60,000 bonus points (worth $750 towards travel) after you spend $4,000 on purchases in the first 3 months from account opening.

Discover It Cash Back:

Discover it will automatically match all the cash back you’ve earned at the end of your first year.

2. Rewards:

Chase Sapphire Preferred:

2X points on travel and dining
Earn 1 point per dollar spent on all other purchases.

Discover It Cash Back:

Earn 5 % cash back on various categories each quarter up to $1500 purchase.

1% cash back on general purchases.

3. Annual Fee:

Chase Sapphire Preferred:

$95

Discover It Cash Back:

$0

4. Regular APR:

Chase Sapphire Preferred:

18.24% – 25.24% variable

Discover It Cash Back:

14.24% – 25.24% variable

5. Intro Purchase and Balance Transfer APR:

Chase Sapphire Preferred:

N/A

Discover It Cash Back:

0% for 14 months

6. Foreign Transaction Fee:

Chase Sapphire Preferred:

$0

Discover It Cash Back:

$0

7. Balance Transfer Fee:

Chase Sapphire Preferred:

5% (minimum $5)

Discover It Cash Back:

3%, for transfers made within 90 days of card opening, for each transfer.

After the 90 day intro period, there is a 5% fee for balance transfers.

8. Other Benefits:

Chase Sapphire Preferred:

Trip cancellation/interruption insurance
Auto rental collision damage waiver
Baggage delay insurance
Purchase protection
Extended warranty protection

Discover It Cash Back:

Free FICO credit score
Account freezes
No fee for first late payment

9. Chase Sapphire Preferred is for you:

If you travel and dine out frequently.
If you are looking to stretch reward point on travel redemption
If you are cardholder of another chase reward card to maximize points.

10. Discover It Cash Back is for you:

If you don’t mind to enroll in different categories each quarter.
Quality customer service is priority.
If you are planning to spend more amount on purchase first year to take benefit of intro bonus.

11. Credit Needed:

Chase Sapphire Preferred:

Good to Excellent 670-850

Discover It Cash Back:

Good to Excellent 670-850

Chase Sapphire Preferred Card Review With Pro And Cons

Discover It Cash Back Review With Pro And Cons

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