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The sign-up offer for the Chase Sapphire Preferred card has been increased from 40,000 to 50,000 points after $4,000 spent within the first three months. You can earn an additional 5,000 points when you add an authorized user and make a purchase within the first 3 months as well.
Update: Some offers mentioned below are no longer available. View the current offers here – Citi Thank You Premier Card
Recently, TPG reader Jason tweeted me to ask:
@thepointsguy —”Which card would you recommend using for travel expenses: the Chase Sapphire Preferred card or the Citi Thank You Premier card?”
The Chase Sapphire Preferred card has been one of the top travel credit cards for a while now, as you can earn 2X points on travel and dining at restaurants. (However, be aware that “travel” doesn’t include gas.) You can also get 50,000 points after you spend $4,000 on purchases in the first 3 months with the $95 annual fee waived first year.
However, it’s good to know that the Citi Thank You Premier card has just changed in order to nip at Chase’s business, and now allows you to earn 3 ThankYou Points per $1 spent on travel — including gas. You can also get 50,000 points after spending $3,000 within first 3 months with the $95 annual fee waived first year, and you earn 2 ThankYou Points per $1 spent on dining and entertainment. The Sapphire Preferred doesn’t offer any bonus points for the entertainment category.
However, not all miles and points are created equally, and that’s precisely why we do our monthly valuation series. Three ThankYou points are worth about 4.8 cents in value, while two Chase Ultimate Reward points would be 4.2 cents; right off the bat it would seem like a good deal to get the 3X bonus categories and earn more points by going with Citi.
However, Citi transfer partners are not nearly as diverse as Chase partners. Here’s what I mean:
Airlines: British Airways, Korean Air, Singapore Airlines, Southwest Airlines, United Airlines, Virgin Atlantic
Hotels: Hyatt Gold Passport, IHG Rewards Club, Marriott Rewards, Ritz-Carlton Rewards
Airlines: Qantas, Virgin Atlantic, Flying Blue (Air France, KLM), Cathay Pacific, Etihad Airways, EVA Air, Garuda Indonesia, Malaysia Airlines, Qatar Airways, Singapore Airlines, Thai Airways
Hotels: Hilton HHonors
I love that Ultimate Rewards transfers to Southwest, United and Hyatt. Citi ThankYou partners seem to be less useful, because they don’t have any US-based airline partners and Hilton is the only hotel partner. There’s definitely value there, but I think Chase Ultimate Rewards points are even more valuable.
What I’d recommend is using both cards and earning points in both programs. A nice balance would be to use the Citi ThankYou Premier for gas purchases and entertainment purchases, and then use the Chase Sapphire Preferred for all other travel and dining —this is the mix I typically use to earn as many points as possible on each. If I absolutely had to pick one, I’d go with Chase Sapphire Preferred; whereas the Citi ThankYou Premier offers a great sign-up bonus and category spend bonuses, I feel the Chase Sapphire Preferred still has the edge because I value their transfer partners more. It’s all about having options!
This cash back card has a focus on dining and entertainment where you can earn unlimited 4% cash back in those spending categories. You can also earn 2% cash back at grocery stores and 1% cash back on all other purchases.
- Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
- Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
- No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
- No foreign transaction fees
- Access to premium experiences in dining, entertainment and more
- $0 intro annual fee for the first year, $95 after that