Chase Freedom Vs Chase Sapphire Points

Even though the chase freedom flex is considered a cash back card both it and the chase sapphire preferred card technically earn points in a currency called chase ultimate rewards.

Chase freedom vs chase sapphire points.

Cash back and points are hardly the same thing right. Chase s array of personal credit card products ranges from the premium chase sapphire reserve all the way to the cash back chase freedom no longer open to new applicants and chase freedom unlimited cards. The former offers a great return on everyday spending and the latter gets you 2x rewards on dining and travel and opens up some great transfer partner options. The chase freedom flex and chase freedom unlimited both offer cash back rewards while the chase sapphire preferred card and chase sapphire reserve provide ultimate rewards points for every purchase.

Chase recently announced a brand new credit card product to their portfolio the chase freedom flex. This card has 0 annual fee so all the rewards you earn are a net positive on your finances. You can also use your points to pay for eligible purchases through the end of 2020 with the chase pay yourself back feature. Keep in mind the chase freedom has a 0 annual fee while the chase sapphire preferred has a 95 annual fee.

With the chase freedom unlimited your points are only worth 1 cent each for any redemption. Get the chase freedom flex if all you re interested in is earning cash back on typical everyday purchases like gas groceries or a cup of coffee. Because of the value of points the chase sapphire preferred credit score needed may be slightly higher though it s not. Chase points are worth 1 25 cents when redeemed for travel through the ultimate rewards portal making this bonus worth approximately 1 000.

The chase freedom unlimited and the chase sapphire preferred card make a great ultimate rewards points earning team. Get the chase sapphire preferred card if most of your spending is on travel and dining purchases and you plan to redeem your points for travel. It comes at a propitious time as consumer spending has drastically shifted due to the covid 19. Ongoing rewards fees and initial bonuses aside the average person who spends 32 010 annually would earn roughly 45 more with freedom 960 than sapphire preferred 915 over the first two years of use.

Chase sapphire preferred vs. Chase freedom is an excellent cash back credit card for cardholders who pay in full. How does it compare to chase sapphire preferred a travel airline points and restaurant credit card. New cardholders who spend at least 4 000 in the card s first three months will receive 80 000 bonus points.

No matter what kind of cardholder you are chase probably has a credit card that can fit your needs.