Chase Sapphire Preferred and Citi ThankYou Premier are both great cards, particularly for those who love getting rewards out of their spending. Both cards provide exciting perks and benefits to account holders. Despite their similarities on this aspect, however, there may be certain differences. As such, before you jump to getting any of these plastics, it might be better to first determine which of these will better suit your needs.
Let us compare the two cards based on their features and the benefits they provide.
Bonus Points for New Cardholders
Both the Chase Sapphire Preferred and the Citi ThankYou Premier provide bonus points to new sign ups. The points are extremely enticing, ranging in thousands. These points, though, may only be availed if you are able to reach a certain spending threshold within the first three months of card ownership.
In terms of which card gives more points, the Citi ThankYou Premier takes the number one spot. The bonus points you can earn from this card can be redeemed for gift cards or for travel credits.
Travel and Spending Bonuses
Using any of these cards for travel products entitle you to get a bonus. Sapphire Preferred has higher points to give, though, since you can get two points for every dollar you spend. Paying for your meals with Sapphire Preferred also gives you two points. All other purchases you make enable you to earn one point for one dollar. If you book through Ultimate Rewards for your next trip, you can get a 20% discount on airfare and even on your hotel accommodation.
In ThankYou Premier, the rewards system is a little bit complicated. You can get one point for every mile you have flown. During the first two years upon the opening of your account, you earn double ThankYou points on all purchases you have made. However, once the introductory rate expires, you will only earn 1.2 ThankYou points. Nevertheless, it is still higher than the traditional 1 point per dollar scheme. The points can be earned when you purchase anything at supermarkets, gas stations, and drug stores and when you pay at commuter transportation.
With regard to which is better in this category, it is a tie for both cards. If you spend a lot on airfare, it makes sense that you get the card from Citi. However, you should note that Chase Sapphire Preferred actually gives you a 7% bonus every year for all the points you have earned. These include everything, even the points you have already redeemed.
Chase Sapphire Preferred vs. Citi ThankYou Premier – Which Has Better Value?
Both have annual fees, but Chase Sapphire Preferred® charges a lower rate. In terms of interest rates, Citi is the card to go as it charges a lower fee. However, when it comes to cash advance APR, Chase® takes the lead, plus it gives an annual dividend of 7% on all accumulated points. Citi, on the other hand, offers a complimentary domestic ticket, which can be obtained if you paid for the first ticket using your card.
Both offer flexibility and convenience; therefore, the decision on which has a better value will depend on solely on your needs and your spending habits.