Chase Sapphire Preferred vs. American Express Blue Cash Preferred: In-Depth Analysis
In the world of credit cards, two popular options often come up - the Blue Cash Preferred Card from American Express and the Chase Sapphire Preferred Card. Both cards offer unique benefits, but their focus areas differ.
Groceries and Streaming
When it comes to groceries and streaming, the Blue Cash Preferred Card from American Express stands out. It offers 6% cash back at U.S. supermarkets (up to $6,000 per year) and 6% cash back on select streaming services. The Chase Sapphire Preferred Card, while it offers 3 points per dollar on online grocery purchases (excluding some retailers like Walmart and Target) and select streaming services, generally provides less value than the Amex card for grocery spend.
Other Categories
The Blue Cash Preferred Card from American Express also offers 3% cash back at U.S. gas stations and 1% cash back on other purchases. On the other hand, the Chase Sapphire Preferred Card earns 3x points on dining, travel portal bookings, and select streaming services, 2x points on general travel purchases, and 1x point on all other purchases.
Bonuses and Fees
Both cards come with their respective welcome bonuses. The Blue Cash Preferred Card offers a $250 statement credit after you spend $3,000 in eligible purchases within the first 6 months. The Chase Sapphire Preferred Card offers 75,000 points after spending $5,000 on purchases in the first 3 months.
The Blue Cash Preferred Card has an annual fee of $0 intro annual fee for the first year, then $95, while the Chase Sapphire Preferred Card charges an annual fee of $95.
Additional Benefits
The Chase Sapphire Preferred Card offers a free year subscription to DoorDash DashPass, a $50 annual hotel credit through Chase travel portal, and up to $10 monthly credit, saving up to $120 each year. It also provides primary rental car insurance, baggage delay insurance, trip cancellation/interruption insurance, up to $100 a day for up to 5 days on bags that are delayed by more than 6 hours, and travel and emergency assistance services.
The Blue Cash Preferred Card from American Express, in addition to its cash-back rewards, offers up to $10 monthly statement credit on an eligible Disney Streaming subscription (enrollment required).
In conclusion, if your main spending priorities are groceries and streaming, the Amex Blue Cash Preferred Card is the superior choice for rewards. If you want broader travel and dining rewards, the Chase Sapphire Preferred provides more versatility there but with lower grocery and streaming returns. Always remember to consider your spending habits and lifestyle when choosing a credit card.
- In terms of groceries and streaming, the Blue Cash Preferred Card from American Express provides a higher cash back rate compared to the Chase Sapphire Preferred Card.
- The Chase Sapphire Preferred Card, however,caters more to travel and dining expenditures, with better rewards in these categories compared to the Amex card.
- Beyond cash-back rewards, the Chase Sapphire Preferred Card also offers additional perks like a free year subscription to DoorDash DashPass, a hotel credit, and rental car insurance.
