Chase freedom vs. chase sapphire preferred which is best – creditcards.com electricity 101 episode 1

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The Chase Freedom card, by contrast, is a classic cash back credit card that offers a modest sign-up bonus and doesn’t charge an annual fee. It’s best known for offering 5 percent cash back on a rotating list of everyday spending categories, such as gas and groceries, and is a favorite among power card users who like to switch up the cards they gsa 2016 calendar use to maximize rewards earnings.

Even better: If you travel regularly and want to maximize your spending, consider electricity khan academy applying for both credit cards. Many of the savviest rewards cardholders strategically use both cards to get more from their spending. Because Chase lets you pool rewards from different card accounts, you could potentially build up a substantial collection of Ultimate Rewards just by alternating the two cards.

If your primary goal is to earn free travel and you plan to use just one card for most of your purchases, go with the Sapphire Preferred card. The Sapphire Preferred not only offers a large enough bonus to pay 1 unit electricity cost in andhra pradesh for a free domestic flight soon after you acquire the card, it also offers a more flexible transfer policy that lets you transfer points on a one-to-one basis to other travel loyalty programs. REWARDS ON $5,000 ANNUAL AIR TRAVEL SPEND

For example, frequent flyers of Southwest Airlines, British Airways, Air France, Korean Air, Singapore Airlines, United and Virgin Atlantic can apply their Sapphire Preferred points to their travel loyalty programs. Frequent guests of Marriott, Ritz Carlton, IHG and Hyatt gas engineer salary can do the same. For heavy travelers, that perk alone can easily make up for the card’s annual fee.

Additionally, the Chase Sapphire Preferred card’s points are far more valuable than those of the Chase Freedom card. Freedom card points are worth only s gashi 1 cent per point for most redemption options. Thanks to the Sapphire Preferred card’s 25 percent travel redemption bonus, its points are worth 1.25 cents each when redeemed for travel through the Ultimate Rewards portal. The Preferred card also has a long list of travel partners to which you can transfer points and get even higher point values. We value the Sapphire Preferred’s points at 1.26 cents per point on average. Best for frequent restaurant-goers: Chase Sapphire Preferred

The Sapphire Preferred card also outshines the Freedom card when it comes to restaurant spending. In the past, the Freedom card electricity invented has offered a 5 percent bonus on restaurants, but the promotion only lasts three months. The Sapphire Preferred card, on the other hand, offers an ongoing dining bonus of 2 percent throughout the year. If a frequent restaurant-goer only uses one card throughout the year, they’ll earn considerably more with table d gaskets the Sapphire Preferred card – especially with its higher point value.

The Sapphire Preferred card doesn’t make sense, though, if you don’t spend enough in other categories, such as travel, to make up for the $95 annual electricity projects ks2 fee. If you don’t plan to buy more than one or two flights a year, you will get more long-term value out of restaurant spending and other expenses using the Freedom card. REWARDS ON $480 MONTHLY RESTAURANT SPEND

That said, the Freedom card’s sign-up bonus requires a much lower spend threshold than the Sapphire Preferred card, making it a better fit for cardholders on a budget. Sapphire Preferred cardholders must spend $4,000 in three months to earn the sign-up bonus, while Freedom cardholders only have to spend $500 in the card’s first three months. SIGN-UP BONUS VALUE

The Sapphire Preferred card is great for cardholders who spend a generous amount on travel and eating out. But for cardholders who concentrate most of their gas house eggs card spending on everyday expenses, such as home-cooked meals, clothing and gas, the Chase Freedom card is a clear winner. As long as cardholders don’t mind tracking rotating spending categories, they can earn a significant amount using their Freedom card each time a purchase qualifies for a 5 percent bonus.

Let’s say, for gas laws worksheet example, that you average $300 per month on gas. If you use your Freedom card to earn 5 percent cash back during the first three months that gas qualifies for a bonus and 1 percent cash back the rest of the year, you’ll earn $72 by the end of the year. By contrast, if you use a Sapphire Preferred card for the same purchases, you’ll earn around $45 worth of rewards on your gas purchases by the end electricity 101 powerpoint of the year. REWARDS EARNED ON $300 MONTHLY GAS SPEND

For example, you can use the Sapphire Preferred card for all your travel and restaurant spending and your Freedom card for everything else. Because Chase lets you pool your rewards from different accounts, you can potentially transfer earnings from your Chase Freedom card to your Sapphire Preferred card and buy travel through Chase Ultimate gas meter in spanish Rewards with a 25 percent bonus. You can also transfer your Freedom points to other travel loyalty programs once you’ve transferred the points to the Sapphire Preferred card.