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re: Chase Sapphire Preferred

Posted on 1/17/13 at 7:01 am to
Posted by polizei11
Houston
Member since May 2009
1135 posts
Posted on 1/17/13 at 7:01 am to
Well, the Sapphire Preferred gives rewards in points versus Freedom's Cash back.

For Sapphire Preferred, you can exchange 100 points for $10 so 10 pt/$. I'm not sure you maximize the 5% cash back on select categories each month of each quarter.

The Sapphire Preferred is great for the one time bonus then fades if you do not get the annual fee waived (which I hope to). If you want the best rewards card for the long term, Capital One Venture is the best. I went with Sapphire for the initial 40,000 bonus points and since I dine out quite a bit. The Rewards Mall is also amazing for bonus points.

LINK

Filter for Rewards Cards. Under each card, there is an Annual Savings Column with a Green Calculator. Click the calculator and input your data. It will give you a better idea of how much you will save each year with that card.
Posted by Hammond Tiger Fan
Hammond
Member since Oct 2007
16220 posts
Posted on 1/17/13 at 10:33 am to
When comparing the Chase Sapphire against Capital One Venture, what's sticking out to me with Chase is the 1:1 point transfer to participating frequent travel programs.

We normally fly Southwest and I noticed something very intesting when you use the SW RR points. If I chose to go with the Venture card, I would need to use alot more points vs the Sapphire. For example, if a Southwest flight cost $130 I would need to use 13,000 points. Now that same flight point wise for Southwest "Wanna Get Away" price will be around 6,800 points. With Saphhire's 1:1 correlation with frequent travel programs that means I would use much less to secure the same flight. Plus, one can realize a 20% discount when booking a flight in their Ulitmate Rewards site.

I'm still torn about which one to choose. At first I thought the Venture Card was the optimal choice, but now as I do more research it seems like the Sapphire is a better choice.
This post was edited on 1/17/13 at 12:45 pm
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