Jordan November 12th, 2019

Our Take

NerdWallet rating ?
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.

4.5

The bottom line: If you're OK with a shorter interest-free window, other cards earn ongoing rewards or feature lower balance transfer fees.
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Chase Sapphire Preferred® Card

ANNUAL FEE

$ 95

REGULAR AFR

INTRO APR

60,000

RECOMMENDED CREDIT SCORE
690-850

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Quick Facts

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel

Pros & Cons

Pros

  • A large bonus
  • No foreign transaction fee
  • Cool factor – metal card
  • Earn more points on travel and dining at restaurants
  • Premium travel protection benefits

Cons

  • $95 annual fee
Compare to Other Cards
Discover it® Balance Transfer
RECOMMENDED CREDIT SCORE

816- 1000

Best For

Long-Term Value

Annual fee

$ 822

Rewards rate

13.49% - 24.49%

Intro Offer

0%

Pros

  • Bonus cash back categories
  • No annual fee
  • Intro APR period on Purchases and Balance Transfers
  • No foreign transaction fee

Cons

  • Slightly less merchant acceptance for Discover in US – acceptance outside of US can be an issue

Chase Sapphire Preferred® Card
RECOMMENDED CREDIT SCORE

690- 850

Best For

BEST FOR: EASY-REDEEM TRAVEL REWARDS AND A BONUS

Annual fee

$ 95

Rewards rate

1x-2x

Intro Offer

60,000

Pros

Pros

  • A large bonus
  • No foreign transaction fee
  • Cool factor – metal card
  • Earn more points on travel and dining at restaurants
  • Premium travel protection benefits

Cons

Cons

  • $95 annual fee

Blue Cash Preferred® Card from American Express
RECOMMENDED CREDIT SCORE

800- 950

Best For

GROCERIES, GAS AND COMMUTING

Annual fee

$ 800

Rewards rate

1%-6%

Intro Offer

250

Pros

Pros

  • Leading cash-back rewards at U.S. supermarkets
  • Bonus offer for new cardholders
  • Intro APR period on Purchases and Balance Transfers

Cons

Cons

  • Has annual fee — but if you spend more than $31 per week at U.S. supermarkets, the rewards offset the fee
  • American Express isn’t accepted at as many merchants as Visa or Mastercard
  • $25 minimum redemption