The Chase Sapphire Preferred® Card and Capital One Savor Cash Rewards Credit Card are good card options designed to cater to your needs whether you’re at home or exploring new destinations.
With the Sapphire Preferred, you can earn points on travel and dining purchases, while the Savor card offers excellent cashback rewards on dining and entertainment.
This article will compare each card based on several factors to help you make an informed decision on which card is the best to add to your wallet.
Full Reviews: Chase Sapphire Preferred and Capital One Savor Rewards.
Card Overviews
Welcome Bonus
The Chase Sapphire Preferred currently offers the following welcome bonus:
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The Savor Rewards Card currently offers the following welcome bonus:
Earn $300 Bonus Cash After Spending $3,000 Within the First Three Months.
Earning Points
The Chase Sapphire Preferred earns Ultimate Rewards points and offers bonus points on spending in several categories:
- 5 points per dollar on travel booked through the Chase travel portal;
- 5 points per dollar on Lyft purchases (through March 2025);
- 5 points per dollar on Peloton equipment and accessory purchases of $250 or more (through March 2025, with a limit of 25,000 bonus points);
- 3 points per dollar on dining, including eligible delivery services, takeout, and dining out;
- 3 points per dollar on online grocery store purchases (excludes Target, Walmart, and wholesale clubs);
- 3 points per dollar on select streaming services, including Netflix, Disney+, Spotify, Youtube TV, Pandora, Apple Music, SiriusXM, Sling, Vudu, Fubo TV, Hulu, and ESPN+;
- 2 points per dollar on all travel not booked through the Chase travel portal; and
- 1 point per dollar on all other eligible spending.
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The Savor Rewards Card earns cash back at the following rates:
- 10% back on purchases at Uber and Uber Eats plus complimentary Uber One membership through 11/14/2024;
- 8% back at Capital One Entertainment;
- 4% back at dining;
- 4% back at entertainment;
- 4% back at popular streaming services;
- 3% back at grocery stores; and
- 1% back on all other purchases.
A great way to boost these rewards and unlock transfers to Capital One’s airlines and hotel partners, is to also hold and combine rewards with either the:
Winner: Tie. Both cards are great at earning rewards for spending in major categories.
Card Benefits
The Sapphire Preferred offers nice benefits, including:
- Receive 25% more value on points redeemed for travel through the Chase Ultimate Rewards® portal.
- $50 annual credit on hotel stays purchased through Ultimate Rewards.
- 10% Points Bonus for each Cardmember anniversary.
- A complimentary one-year subscription to DashPass by DoorDash when you enroll by December 31, 2024.
- Trip cancellation and interruption insurance (up to $10,000 per person and $20,000 per trip).
- Primary car rental insurance.
- Lost luggage reimbursement (up to $3,000 per passenger)
- Baggage delay insurance (up to $100 per day for five days).
- Trip delay insurance (up to $500 per ticket for a delay longer than 12 hours or overnight).
- Extended warranty.
- 120 days purchase protection (up to $500 per claim and $50,000 per year).
- No foreign transaction fees.
- Free 6-month membership to Instacart+ (activate by July 31, 2024).
The Savor Rewards Card offers the following benefits for its cardholders:
- No foreign transaction fees.
- Extended warranty.
- Travel accident insurance.
- Complimentary Concierge Service.
Winner: Chase Sapphire Preferred
The Sapphire Preferred card provides a wide range of benefits that increase its overall value, making it a more attractive option than the Savor Rewards card.
Value of the Annual Fee
The Chase Sapphire Preferred comes with an annual fee of $95.
While some users might be initially deterred by this cost, it’s important to consider the value and benefits that come with the card.
The rewards points, travel benefits, and purchase protections can help offset the cost of the annual fee for frequent travelers.
The Savor Rewards Card has a $95 annual fee.
Winner: Chase Sapphire Preferred offers more benefits to justify its annual fee over the Savor Rewards card.
Redeeming Points
The earns Ultimate Rewards points, one of the most flexible points currencies.
You can use your points to book flights, hotel stays, and even rent a car through Chase Travel — all at a fixed rate of 1.25 cents per point. For example, 100,000 points are equivalent to $1,250 towards travel.
You can unlock even more value than 1.25 cents per point by transferring rewards to Chase airline and hotel partners.
Ultimate Rewards Transfer Partners [1 to 1]
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Aer Lingus
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Air Canada Aeroplan
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British Airways
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Emirates
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Air France/KLM
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Hyatt Hotels
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Iberia
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IHG Hotels
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JetBlue
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Marriott
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Singapore
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Southwest
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United
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Virgin Atlantic
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The Capital One Savor card offers a few different types of redemption options for your cashback rewards, including:
- Statement credits.
- Written check can be sent via mail.
- Direct bank deposit.
- Gift cards.
- Donations to charity.
- Use rewards to Shop at Amazon.
- User rewards for PayPal purchases.
- Pay with Rewards on the Capital One shopping portal.
Winner: Chase Sapphire Preferred
The Sapphire Preferred offers a higher redemption value for Chase travel options. Plus, it offers more redemption flexibility since it allows transfers to several hotel and airline partners across different airline alliances.
The Verdict
Both the Chase Sapphire Preferred and Savor Rewards Card credit cards are good options for everyday spending, especially for those who frequently dine out, stream content, and buy groceries.
However, it’s clear that the Sapphire Preferred is the better choice overall when it comes to benefits and rewards.
With its impressive rewards program for travel, robust travel benefits, and flexible redemption options, the Sapphire Preferred stands out as a top-tier credit card but also comes with a very reasonable annual fee. Whether you’re a frequent traveler or simply looking for a reliable card for everyday use, the Sapphire Preferred is a great choice.
Overall, the Sapphire Preferred is perfect for individuals who want to earn valuable travel rewards while enjoying additional perks such as complimentary memberships, bonus points, trip cancellation insurance, baggage delay coverage, and more.
Which card are you going to choose?
