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: Tie
Unfortunately, we can't use this category to decide which card might be better. The Chase Sapphire Preferred® Card and Capital One Savor Cash Rewards Credit Card have the same annual fee -- $95.*
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
Right now, you can get a limited-time boosted welcome bonus for the 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 $750 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 $300 cash bonus after you spend $3,000 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: Tie
Neither of our two options under consideration has any kind of intro APR offer, which makes this an easy category to decide -- it's a tie. If you want to finance a big purchase or transfer an existing balance to pay it off without incurring additional interest charges, you'll have to look beyond these two cards.
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:
- 4% cash back on dining, entertainment, and streaming services (and this is unlimited -- a big advantage over other cards that cap spending in a given category)
- 3% cash back at grocery stores
- 1% cash back on 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.
Fact Checked
Nathan Alderman
