Chase Sapphire Preferred Card vs. Chase Freedom Flex: How to Pick Between the Two

Editorial Note: The content of this article is primarily based on the author’s evaluations and pointers on my own. It might not have been reviewed, accepted or otherwise recommended by way of the credit score card provider. This web page can be compensated through a credit card issuer partnership.

The Chase Sapphire Preferred® Card and the new Chase Freedom Flex℠ are meant for 2 very special kinds of users. The Chase Sapphire Preferred® Card is focused at vacationers who also manifest to be high spenders, even as the Chase Freedom Flex℠ is a popular-reason cashback card for human beings seeking to keep on such things as groceries or gas. As a cashback credit score card Sapphire =”https://www.wafelo.com/” target=”_blank”>Sapphire with $0 annual price, the Chase Freedom Flex℠ card can be beneficial for lots, supplying lots of opportunities to earn rewards on everyday purchases.

Despite Sapphire their differences, both cards function using the identical factor device: Chase Ultimate Rewards. As travel is restricted, the new Chase Freedom Flex℠ card Sapphire will probably entice travelers who already personal a couple of credit score cards, further to people who opt for cashback rewards. Cardholders can redeem their Chase Freedom Flex℠ factors for precious cash back, or combine their points with some other Ultimate Rewards card, which include the Chase Sapphire Preferred® Card. This creates the option for customers to apply each cards at the same time to optimize their savings.

Chase Sapphire Preferred® Card vs. Chase Freedom Flex℠

Generally, the choice among the Chase Sapphire Preferred® Card and the Chase Freedom Flex℠ comes right down to the form of spender you’re. The following can come up with the fastest solution approximately which of thosecredit cards will serve you exceptional:

Get the Chase Sapphire Preferred® Card if maximum of your spending is on travel and eating purchases, and you propose to redeem your factors for journey.

Get the Chase Freedom Flex℠ if all you’re interested by is earning coins back on ordinary ordinary purchases, like gas, groceries or a cup of coffee. This card has $zero annual rate, so all the rewards you earn are a internet tremendous in your price range.

Which card should you pick?

We distilled the most important advantages and capabilities of both credit score playing cards that will help you apprehend how they could work with your budget. We focused on the number one features of each card, which includes the rewards they provide in addition to promotional hobby rates. We did not pass into ancillary benefits, which include concierge carrier, cash boost prices or stability switch costs.

Chase Sapphire Preferred® Card: Best for tourists and airline miles

The Chase Sapphire Preferred® Card is a great card for everybody interested in collecting and earning tour reward factors. These can later be used to e book journey through Chase’s internet site, or transferred to 11 airline applications and three inn programs:

Aer Lingus AerClub

Air Canada Aeroplan

British Airways Executive Club

Emirates Skywards®

Flying Blue Air France KLM

Iberia Plus

JetBlue TrueBlue

Singapore Airlines KrisFlyer

Southwest Airlines Rapid Rewards®

United MileagePlus®

Virgin Atlantic Flying Club

IHG® Rewards Club

Marriott Bonvoy

World of Hyatt®

Cardholders earn 2X points on dining at restaurants including eligible transport offerings, takeout and dining out and tour & 1 point in step with greenback spent on all other purchases international. Assuming you’re using points to book tour through Chase Ultimate Rewards to earn the 25% redemption bonus, that comes out to two.50% and 1.25% respectively. You can squeeze a good better price out of the card by shifting factors to the proper airline partner. However, this calls for the cardholder to plan beforehand and discern out the pleasant manner to optimize their transfer. If you aren’t someone who clearly hunts for offers or likes to control their credit card rewards, this may not be a terrific pick out for you.

The final point well worth highlighting approximately the Chase Sapphire Preferred® Card is its excessive signal-up bonus. The card lets you Our first-rate provide ever! Earn one hundred,000 bonus factors after you spend $four,000 on purchases within the first 3 months from account commencing. That’s $1,250 whilst you redeem through Chase Ultimate Rewards®. That is appreciably better than what’s currently offered with the aid of maximum credit cards in the marketplace. Typically, the simplest bonuses to be able to deliver better returns are those tied to a selected airline.

Chase Freedom Flex℠: A top-rated cash again credit card

The new Chase Freedom Flex℠ card gives a number of the very best cashback prices of any credit card. You can Earn 5% cash returned on eligible purchases in rotating classes, 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all different purchases. Also, you get five% Cash Back on qualifying Lyft rides through March 2022.

This is Chase’s 2021 cashback Sapphire calendar. The new Chase Freedom Flex℠ will update the current Chase Freedom®, but will observe the identical calendar. These are some of the commonplace rotating classes you may count on:

Gas stations, internet, cable, phone services and select streaming servicesGas stations and domestic improvement storesGrocery Stores (with the exception of Walmart and Target) and choose streaming servicesTBD

On top of the rotating category rewards, cardholders can earn a solid sign-up bonus: Earn a $200 Bonus when you spend $500 on purchases on your first three months from account beginning. And earn 5% cash lower back on grocery shop purchases (now not which include Target® or Walmart® purchases) on up to $12,000 spent inside the first yr. While this is a whole lot lower than what you get thru the Chase Sapphire Preferred® Card, it should be referred to that it’s additionally loads less complicated to obtain. You need to spend just $500, as opposed to $four,000.

Another vital function of the Chase Freedom Flex℠ is its introductory promotional APR – that is something the Chase Sapphire Preferred® Card does not offer. Chase Freedom Flex℠ cardholders can get an 0% Intro APR on Purchases for 15 months. After that, the everyday APR (14.ninety nine% – 23.74% Variable) kicks in. The promotional APR can come up with breathing room if you assume to need to carry a balance month to month.

All the rewards earned through the Chase Freedom Flex℠ come within the form of Chase Ultimate Rewards factors, although it’s marketed as a cashback card. This is due to the fact on its very own, the factors you earn through the Chase Freedom Flex℠ may be predominantly used to get cash back, gift playing cards and other cash-equivalent rewards. However, while you get this card together with different Chase Ultimate Rewards credit score cards, which includes the Chase Sapphire Preferred® Card, you may get plenty extra out of it.

Pairing the Chase Sapphire Preferred® Card and the Chase Freedom Flex℠

As we alluded to formerly, you can use the Chase Freedom Flex℠ and Chase Sapphire Preferred® Card collectively for your advantage. The card blend simply permits you to optimize your rewards and earn extensively better returns than in case you were to apply simply one card. Both cards earn Ultimate Rewards points, which you could pool together into the equal account. If you get the Chase Freedom Flex℠ along with the Chase Sapphire Preferred® Card, you may use all of the factors you earn for tour bookings, or switch points to participating airline and resort partners. That way the rewards fee on the Chase Freedom Flex℠ can surpass the standard 5% in positive scenarios.

Here’s an instance how a great deal you would possibly earn on $4,000 credit card spend:

Chase Freedom Flex℠$1,500 on bonus class buy x 5 points/$1 = 7,500 factors, plus $250 on dining x three points/$1 = 750 factors, plus $1,000 in different purchases x 1 factor/$1 = three,000 pointsTotal points11,750What it’s worth$118 coins lower back, $148 in travel redeemed through the Ultimate Rewards portal (1.25 cents/point)

The greatest manner to apply the two cards together: Use the Chase Freedom Flex℠ for any purchases that may earn you 5 Ultimate Rewards points in line with greenback. Leverage the Chase Sapphire Preferred® Card to get 25% extra fee in tour redemption, trip and baggage delay coverage and $0 overseas transaction charges.

What’s the cost? The Chase Freedom Flex℠ has $0 annual charge, therefore the largest annual cost you have to fear approximately is the rate that includes the Chase Sapphire Preferred® Card. As you could justify paying $95 in step with year, there is no explicit economic value to getting an additional card with out a annual charge — assuming you by no means convey hobby.

However, your credit score may additionally go through quickly when you open each bills across the same time. Each new credit card account drags down your average age of credit score and puts every other difficult credit score pull onto your account. Both these movements will decrease maximum credit score scores. If you open simply one credit card, these are nonetheless factors you need to cope with. However, starting two new bills will have twice the impact for your credit score. Despite this, you shouldn’t be too worried except you’re seeking to apply for a loan or loan within the subsequent one to two years. By that time, your credit score score should bounce back.

Alternatives to the Chase Sapphire Preferred® Card and Chase Freedom Flex℠

The Chase Sapphire Preferred® Card and Chase Freedom Flex℠ aren’t the handiest credit score playing cards in the world, and it’s exceptional in case you do not forget other options earlier than deciding on one. We took a look at an opportunity to each of the 2 playing cards in question.

Best Chase Freedom Flex℠ alternative: The Chase Freedom Unlimited®

Those who are turned away by the complexity of the Chase Freedom Flex℠, however still want a no-annual-rate cashback card, need to keep in mind getting the Chase Freedom Unlimited®. This card has no rotating classes and rather offers a fixed rewards rate on numerous classes: Earn five% coins lower back on tour purchased through Chase, 3% on eating and drugstores, and 1.5% on all different purchases. You don’t have to fear approximately activating the rotating bonus classes each region. The 1.5% rewards price continues to be competitive, so that you also are saving a first rate amount of money.

The Chase Freedom Unlimited® is also a Chase Ultimate Rewards credit score card. That approach it has the equal mixture potential with the Chase Sapphire Preferred® Card, as the Chase Freedom Flex℠.

Highlights

Earn 5% cash back on journey bought via Chase, 3% on eating and drugstores, and 1.five% on all other purchases.

Earn a $two hundred Bonus after you spend $500 on purchases in your first three months from account establishing. And earn 5% coins back on grocery keep purchases (now not inclusive of Target® or Walmart® purchases) on up to $12,000 spent in the first yr.

$0 annual price

Best Chase Sapphire Preferred® Card opportunity: The Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is every other pinnacle-tier travel rewards credit score card. Instead of specializing in one orclasses, the Capital One Venture Rewards Credit Card offers the equal charge on every purchase: 2 Miles according to dollar on each buy, each day. Like the Chase Freedom Unlimited®, this easy rewards rate frees you from having to determine whilst you need to or shouldn’t use your credit card to pay for various things. The annual fee is simply $95. This makes it better suitable for individuals who are modest spenders, because you don’t have to build up as many points to break even. After simply $4,750 in purchases, you’ll earn sufficient miles to cover the Sapphire yearly fee.

Highlights

2 Miles in line with dollar on every purchase, each day

Enjoy a one-time bonus of 60,000 miles once you spend $three,000 on purchases inside 3 months from account starting, equal to $six hundred in travel

$ninety five annual price

The data related to Chase Freedom® has been independently amassed with the aid of ValuePenguin and has no longer been reviewed or provided with the aid of the company of this card prior to booklet.

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