If you travel regularly, the Chase Sapphire Preferred® Card is a great option. The card offers a valuable sign-up bonus that can be worth $1,000 when redeemed for travel through Chase Ultimate Rewards, as well as an elevated rewards rate on travel, dining at restaurants and grocery store purchases. But if you want a travel rewards card that offers bonus miles on every purchase you make, the Capital One Venture Rewards Credit Card is more ideal.
Or, if you’d prefer a travel rewards card with a higher rewards rate and more premium benefits, the Chase Sapphire Reserve® is a step above the Chase Sapphire Preferred® Card.
The card offers 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants including eligible delivery services, takeout and dining out & 1 point per $1 spent on all other purchases. Plus, cardholders can enjoy 10x points on Lyft rides through March 2022, in addition to 15% off Lyft car rides and a year of complimentary Lyft Pink membership.
Additionally, the Chase Sapphire Reserve® offers several valuable benefits, including a $300 annual travel credit and 50% more rewards value when you redeem points for travel through Chase Ultimate Rewards and as statement credits in the following categories through April 2021: grocery stores, dining and home improvement stores.
The downside? The card comes with an annual fee of $550.