Difference Between Chase Sapphire Preferred And Chase Freedom

chase sapphire preferred vs chase freedom

Chase freedom is best for everyday purchase.
If you travel and dine out frequently chase sapphire preferred is better.
Chase sapphire preferred is better for sign up bonus.
You can use both cards. One is for travel and restaurants. Other is for everyday usage.
You can transfer your chase freedom rewards to sapphire preferred and buy travel from chase ultimate rewards with a 25% bonus.

Chase sapphire preferred is travel card and rewards are in the form of points.
Chase freedom is a cash back card for everyday usage.
Chase freedom offers 0% intro apr for purchase and balance transfer.
Chase sapphire preferred does not offer intro apr for purchase and balance transfer.
Chase sapphire preferred has $95 annual fee.
Chase freedom has no annual fee.
Chase sapphire preferred offers 60000 points ($750) sign up bonus after spending $4000 within 3 months of account opening.
Chase freedom offers $150 sign up bonus after spending $500 within 3 months of account opening.

 

Chase Sapphire Preferred

Chase Freedom

Good For:

If you spend more on travel and dining.


If you want a large sign up bonus.


If you travel internationally.

If you want to play point game.

If you dont want to pay an annual fee.


If you want cash back over points.


If you dont mind rotating categories.

Bad For:

If you dont travel and dine out frequently. 


If you do not like $95 annual fee.

If you want large sign up bonus.


If you are not interested in rotating bonus categories.

Sign Up Bonus:

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

$150 after spending $500 on purchases in your first 3 months from account opening

Reward Rate:

2 points per $1 spent on travel and dining out.


Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.


1 point per dollar on all other spending

Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.


1% back on all other spending.

Annual Fee:

$95

$0

Credit Needed:

Good to Excellent

Good to excellent

Intro Apr For Purchase And Balance Transfer:

N/A

0% for 15 months on purchase and balance transfer.

Regular Apr:

17.49% – 24.49% (V)

16.49% – 25.24% (V)

Network:

Visa

Visa

Foreign Transaction Fee:

$0

3%

Balance Transfer Fee:

N/A

3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.

Cash Advance Apr:

26.49% (V)

26.49% (V)

Cash Advance Fee:

Either $10 or 5% of the amount of each transaction, whichever is greater.

Either $10 or 5% of the amount of each transaction, whichever is greater.

Reward Type:

Points

Cashback

Chase Sapphire Preferred Card Review With Pro And Cons

Chase Freedom Credit Card Review With Pros And Cons

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