Ready to learn more about these two standouts? Let's take a closer look at the Chase Sapphire Preferred® Card and the Capital One Savor Cash Rewards Credit Card.
Chase Sapphire Preferred vs. Capital One Savor annual fee
Winner: Capital One Savor
The Chase Sapphire Preferred® Card charges a $95 annual fee, which Capital One Savor Cash Rewards Credit Card charges $0. (See rates and fees.)
I used to be against credit card annual fees on principle, but I've changed my tune. Cards with annual fees generally pay a higher rewards rate and come with perks you just don't get with a card without an annual fee. But to avoid wasting your money, dig into the details of any card you're considering.
Even with only a $95 annual fee, it's still worth opening a card whose fee you can offset with rewards and other benefits. Both of these cards have robust enough rosters of perks to ensure that'll be the case for most people.
Chase Sapphire Preferred vs. Capital One Savor welcome offer
Winner: Chase Sapphire Preferred® Card
You can earn 60,000 bonus points in exchange for spending $4,000 in the first 3 months after account opening. Those 60,000 bonus points could be worth up to $750 in Chase Travel℠ value if you redeem them for travel bookings through the Chase Travel portal.
The Capital One Savor Cash Rewards Credit Card isn't a travel card -- it earns cash rewards rather than points or miles of any kind. Consequently, the welcome offer lets you earn a one-time $200 cash bonus after you spend $500 on purchases. You have to meet the spend requirement within the first 3 months with the card. This is a pretty solid welcome offer -- but since the Chase Sapphire Preferred® Card's bonus has a higher value, I gotta give it the win.
Chase Sapphire Preferred vs. Capital One Savor intro APR
Winner: Capital One Savor
Only the Capital One Savor has an intro APR offer: 0% intro APR on both purchases and balance transfers for 15 months. (Remember that a balance transfer fee applies: 3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time.) If you want to finance a big purchase or transfer an existing balance to pay it off without incurring additional interest charges, Capital One Savor looks like the better option.
Chase Sapphire Preferred vs. Capital One Savor rewards
Winner: Tie
Among credit card rewards programs, the Chase Ultimate Rewards program is a big standout. I'm a huge fan, and I'm definitely not alone. The great thing about Chase points is that you can redeem them with Chase (the Chase Travel portal is easy to use for hotel, airline, and excursion bookings), or you can transfer them to Chase travel partners for even more value. Here's how you can earn points with the Chase Sapphire Preferred® Card:
- 3X points per $1 on dining
- 3X points per $1 for online grocery orders and select streaming services
- 2X points to 5X points per $1 on travel purchases (2X for travel booked outside of Chase, 5X on travel booked through the Chase Travel portal)
- 1X point per $1 on other purchases
But what about its competitor, the Capital One Savor Cash Rewards Credit Card? Well, this card earns cash rewards, remember? Here are your earning rates for this card:
- 8% cash back on Capital One Entertainment purchases
- 5% cash back at hotels and rental cars booked through Capital One Travel
- 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®)
- 1% cash back on all other purchases
Both cards have the same base rate, along with higher rates in a few select categories. I'm calling this one a toss-up too -- both cards have excellent rewards programs, they're just different. I can't compare apples to apples here, so I say you're going to be the winner, whichever you choose.
