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Chase Sapphire Preferred vs Capital One Venture: Travel Card Comparison | Instant News



Chase and Capital One have a wide range of travel credit cards that can be useful if you want to save money on your next trip. The Chase Sapphire Preferred® Card and Capital One® Venture® Rewards Credit Card are two comparable cards that both have an annual fee of $ 95 and a range of travel benefits. If you typically travel often you should consider ‘open one. cards. Even if you don’t have a vacation coming up, you can use Sapphire Preferred or Venture to earn rewards that can offset future travel arrangements. Depending on the card you open, you may qualify for a TSA PreCheck or Global Entry fee credit, travel insurance and / or a generous welcome bonus. CNBC Select breaks down the features of each card so that you can choose the best one for your Needs Chase Sapphire Preferred Card vs Capital One Venture Rewards Card Chase Sapphire Preferred Card vs Capital One Venture Rewards Card Chase Sapphire Preferred Card Capital One Venture Rewards Card Annual Fee $ 95 $ 95 Regular APR 15.99% at 22.99% variable 17.24% to 24.49% variable Introduction APRNoneNoneRewards 2X points on travel and dining at restaurants, 1X points on all other purchases 5X miles on hotels and rental cars booked through Capital One Travel℠ , 2X unlimited miles on all other purchases Welcome bonus 80,000 bonus points after spending 4000 USD on purchases within the first 3 months of opening the account 100,000 bonus miles when you spend $ 20,000 on purchases in the first 12 months after opening the account, or earn 50,000 miles if you spend $ 3,000 on purchases in the first 3 months Statement credit offers None Up to $ 100 credit for Global Entry or TSA PreCheck fee every four years Fee Both cards come with an annual fee of $ 95, which is the lower when you consider that some other travel cards like the Chase Sapphire Reserve® have fees of up to ‘to at $ 550. You can more easily offset these annual fees with the rewards you earn each year. For example, you can cover the annual fee by spending $ 4,750 each year on travel and meals combined with Sapphire Preferred, as those purchases earn 2X points per dollar spent. With the Venture Card, you can recoup the annual fee by spending $ 4,750 in daily purchases that earn 2X miles, or even faster if you book hotels and rental cars with Capital One Travel, which earn 5X miles per dollar spent . % APR period on new purchases or balance transfers Winner: Tie, since annual fees are the same Rewards Although Sapphire Preferred and Venture overlap slightly in rewards, they do offer different reward rates on other purchases. Here’s the breakdown. Chase Sapphire Preferred: Earn 2X points on travel and dining at restaurants, 1X points on all other purchases Capital One Venture Rewards: Earn 5X miles on hotels and rental cars booked through Capital One Travel ℠, 2X unlimited miles on all other purchases. In addition to daily rewards, you can enjoy lucrative welcome bonuses. Both bonus offers are worth up to $ 1000. To receive maximum value, redeem your Chase Points for travel through the Chase Ultimate Rewards® portal to receive 25% more value or redeem your Venture miles as a statement credit to offset past travel purchases. Both cards also offer other redemption options, such as gift cards and travel partner transfers. CNBC Select used a sample expense budget based on the latest data available from the Geographic Intelligence Company. Esri to break down the amount you would earn using each card. within five years, after the cost of the annual membership fee. For more information, see our methodology. For the average consumer, you could earn approximately $ 2,931 in rewards using the Venture Card over a five year period. With the Sapphire Preferred Card, you could earn up to $ 2,278. These estimates incorporate the cash back earned from the welcome bonus.Winner: Venture has an advantage over Sapphire Preferred by offering approximately $ 653 more in rewards over a five-year period.Additional Benefits Consumers with either Cards can benefit from: Ability to transfer points to attendees Frequent Travel Programs No overseas transaction fees Trip Cancellation / Interruption Insurance Travel Accident Insurance Car Rental Collision Damage Waiver Roadside Assistance Zero Liability Protection Customer Service Specialists 24/7 Purchase Protection Extended Warranty Protection Exclusive Access to Food, Music and Sporting Events (Note that due to the coronavirus many in-person events have Chase Sapphire Preferred cardholders get these extra benefits: receive 25% in value additional on points redeemed for travel through the Chase Ultimate Rewards® portal Earn 5X points on Lyft journeys through March 2022 Receive a free DashPass subscription for at least one year, which provides free Delivery and reduced service charges for hundreds of restaurants for DoorDash orders of $ 12 or more (Must activate by December 31, 2021) Baggage Delay Insurance Lost Baggage Insurance Travel Delay Reimbursement Travel Services and Emergency Assistance Capital One Venture Rewards cardholders benefit from these Additional Benefits: Up to $ 100 Credit for Global Entry or TSA PreCheck Application Fee Every Four Years Winner: Chase Sapphire Preferred, as it offers a wide range of additional benefits that can help you in difficult situations such as baggage and travel delays.Bottom line The Chase Sapphire Preferred and Capital One Venture Rewards Cards s have two competitive options for consumers looking to enjoy the benefits of travel. But at the end of the day, choosing the best card depends on your individual preferences – if earning rewards is your primary goal, the Venture card outperforms the Sapphire Preferred card. But if you’re looking for a full range of travel benefits, like lost baggage insurance and travel delay reimbursement, the Sapphire Preferred Card has you covered. While these cards are both good options for travelers, you may want to consider alternatives. better fit. If you’re looking for a premium credit card, check out the American Express® Gold Card with $ 10 Monthly Dining Credits, which can be used at Grubhub, Seamless, and participating restaurants (one-time activation required). And if you want a travel card with no annual fee, consider the Wells Fargo Propel American Express® Card, which offers hard-to-find protection for your cell phone. Chase Sapphire Preferred®’s secure site On Chase Rewards 5X points on journeys Lyft through March 2022, 2X points on travel and meals worldwide, 1X points on all other purchases Welcome bonus 80,000 bonus points after spending $ 4,000 on purchases in the first 3 months from the start ” account opening – worth up to $ 1,000 while traveling when you redeem through Chase Ultimate Rewards® Annual FeeIntro APRRegular APR15.99% to 22.99% variable on purchases and balance transfersBalance transfer fees Or 5 $ or 5% of the amount of each transfer, whichever is greater Foreign transaction fees Credit required Capital One® Venture® Rewards credit card Credit card information Capital One® Venture® Rewards has been co-purchased Independently selected by CNBC and not reviewed or provided by the card issuer prior to publication. booked through Capital One Travel℠, 2X miles per dollar on every other purchase Welcome Bonus 100,000 bonus miles when you spend $ 20,000 on purchases in the first 12 months after account opening or earn 50,000 miles if you spend $ 3,000 in purchases during the first 3 months Annual fees Introduction APRN / A for purchases and balance transfers Regular APR 17.24% to 24.49% variable on purchases and balance transfers Balance transfer fee 3% for promotional APR offers; none for balances transferred to regular APR Foreign transaction fees Credit required Our methodology To determine which credit cards offer the best value, CNBC Select analyzed popular credit cards available in the U.S. We compared each card across a range features, including rewards, welcome bonus, introduction and APR standard, balance transfer fees and overseas transaction fees, as well as factors such as required credit and customer feedback, if applicable. We’ve also taken into account the added benefits, the application process, and the ease with which the consumer can redeem points. CNBC Select has teamed up with geographic intelligence firm Esri. The company’s data development team has provided the most up-to-date and comprehensive data on consumer spending based on the 2019 Bureau of Labor Statistics Consumer Spending Surveys. You can read more about their methodology here. Esri’s data team created a sample annual budget of roughly $ 22,126 in retail spending. The budget includes six main categories: groceries ($ 5,174), gasoline ($ 2,218), restaurant meals ($ 3,675), travel ($ 2,244), utilities ($ 4,862) and general purchases (3,953 $). General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, as well as other vehicle-related expenses. CNBC Select used this budget to estimate how much the average consumer would save over the course of a year, two and five years. years, assuming they’re trying to maximize their rewards potential by earning all welcome bonuses offered and using the card for all applicable purchases. All of the total reward estimates are net of annual fees, and while the five-year estimates we’ve included are derived from a budget similar to what the average American has to spend, you may earn higher or lower returns depending on your buying habits. , the analysis, criticism or recommendations expressed in this article are those of the editorial staff of CNBC Select and have not been reviewed, endorsed or otherwise approved by any third party. .



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Discover Adds Permanent Exchange Options for Travel Credit Cards | Instant News



The Discover offers on this page are no longer available through CNBC. As a result, the Discover offers described on this page may be out of date, so if your travel credit card hasn’t been used that much lately, it’s likely your card issuer is aware of it. Many issuers are adjusting their rewards programs to provide more benefits to consumers who are not traveling due to the coronavirus. Discover is the latest issuer to change their travel card and today announced that Discover it card holders ® Miles can now permanently redeem miles as statement credit for restaurant and gas station purchases. Customers continue to earn 1.5X miles for every dollar spent on all purchases. “The pandemic has transformed the way customers travel and we are making changes to our travel credit card to reflect that,” Meera Sridharan, vice president of rewards and product strategy at Discover, said in the statement. hurry. “The Discover it® Miles card has expanded redemption categories to be more relevant to customers who are rethinking the way to travel while continuing to provide an easy way to earn rewards on every purchase.” Previously, statement credit refunds were limited to travel purchases. Now, the newly expanded travel credit can be applied to all qualifying restaurant and gas station transactions made on or after June 9, 2020. In addition to redeeming miles for statement credit, holders of card can still redeem miles for cash in a linked bank account. or to offset purchases on Amazon.com or PayPal. Discovery’s change is similar to how Capital One extended redemption options for Venture and Spark Miles cardholders through September 30, 2020 to include other statement credit options, such as food delivery, takeout, and streaming services. Discover it® Miles information has been independently collected by CNBC and has not been reviewed or provided by the card issuer prior to publication Editorial Note: Any opinions, analysis, criticism or recommendations expressed in this article are those of CNBC Select Editorial Staff only and have not been reviewed, endorsed or otherwise approved by any third party. .



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Citi Extends the Welcome Bonus and Extends Citi Prestige Travel Credit to Restaurants, Groceries | Instant News



Citi is an advertising partner. CNBC Select can receive affiliate commissions when you click on links for products from our partners. This commission does not affect the opinions, recommendations or placement of any products on our site. Citi joined with many other credit card issuers, including American Express, Chase, and Bank of America, in offering more time to new cardholders who were eligible to receive a welcome bonus. As with other publishers, Citi extends the time period to get bonuses of up to three months. Acceptable Citi card holders include those who have applied for a new credit card between 1 December 2019 and 31 May 2020. These eligibility requirements are the same as Amex and are broader than Chase and Bank of America. So if you open a new Citi card, like the Citi Rewards + ℠ card, between now and May 31, you will have an extended six month income period that lasts until November 30 (compared to the typical three months). The minimum spending requirements for getting a bonus have not changed; You only need twice as long to spend now. In addition to providing a welcome bonus extension, Citi has made a few temporary changes to the Citi Prestige® Card, which we describe below. travel credit for eligible purchases in supermarkets and restaurants, in addition to travel – a major boon for cardholders who have missed the full value of this benefit this year. This travel credit renewal is good now until December 31, 2020. To qualify, you must have a Citi Prestige account open when the credit statement is posted. That means if you make $ 250 in eligible purchases and close your account before receiving credit, you will lose. Note that some restaurant purchases will not count toward travel credit. They include expenditures at bakeries, caterers and restaurants located within other companies (such as vendors inside hotels, department stores, grocery stores, discounts and grocery stores or warehouse clubs). And supermarket purchases that do not include markets, drug stores, warehouse clubs, wholesale clubs, specialty vendors, bakeries, and food kit delivery services, among others. Learn more about how Citi classifies bonus category purchases. Don’t miss: Citi announced new prizes and changes to benefits for the Citi Premier℠ Card starting this summer. Information about the Citi Prestige® Card has been collected independently by CNBC and has not been reviewed or provided by the card issuer before it is issued. Oversight Note: Opinions, analyzes, reviews or recommendations expressed in this article are the property of CNBC Select editorial staff only, and have not been reviewed, approved, or endorsed by any third party. .



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Will Travel Rewards End During Coronavirus? | Instant News



Only four months ago, some people predicted that we would spend the summer indoors. But with more than 2 million cases of coronavirus now confirmed worldwide, many of us cancel travel plans and exchange family vacations for “virtual trips” such as live-streamed museum tours or Disney’s Magic Moments. If you have to change or cancel a plan, it’s good to know that many travel gifts don’t expire – but there are some important differences. Below, CNBC Select helps you understand the status of your travel rewards during the coronavirus pandemic so you can make the right decision about whether to redeem them by other means (such as paying points at checkout or buying gift cards) or saving them. The difference between a loyalty credit card and a travel gift credit card. First of all you need to know whether your credit card is a commonly used travel gift card or if this is a co-branded card in partnership with certain airlines or hotel chains. “General travel gift cards often offer miles and points that never expire or have a long window where you can redeem. I got awards – some for five years,” said Nashville-based financial adviser Brenton Harrison. On the other hand, co-branded cards generally have an expiration date to redeem your miles, and the window is often shorter than, Harrison explains – about one to three years. You can find the exact conditions and expiration dates in the card agreement sent to you, but the latest information will be accessible online. To get the latest balance information, enter your account and click the link that says something along the lines of “Account Details” or “Prize Summary.” This will take you to your gift portal. There may also be a section called “Declarations and Documents” which includes a summary of benefits and special notifications that break down each update for your gift card program. You can save your travel gifts for future trips. The most recent travel gifts expire as long as your account is active. U.S. Bank and Citi is the only two major card issuers who give an expiration date on a card holder’s travel prize. (The current expiration period is three years for both banks.) Meanwhile, almost every other major card issuer allows you to retain your points as long as your account is active and in good standing. For example, if you have a Capital One® Venture® Rewards Credit Card, the card agreement states that your gift is your lifetime for an account without an expiration date. However, if you close your account, you will lose unclaimed prizes that you did not redeem. You usually have to use your card at least once every six months or so to be considered “active.” And if you have an American Express® Wells Fargo Propel Card, which gives you 3X points for food, gas, streaming services, travel expenses and transportation qualifications, plus 1X points for all other purchases, you can breathe a sigh of relief knowing you can “bank” “Your points are until you are ready to use it again. This also applies to American Express® Gold Credit Cards, Bank of America® Travel Rewards Credit Cards, both Chase travel gift cards and also Capital One travel gift cards as well. Some hotel loyalty programs make exceptions during corona virus pandemic. If you are worried that you will lose using your hotel loyalty rewards, there may be good news, according to travel writer and credit card expert, Holly D. Johnson of Club Thrifty “Most hotel loyalty programs extend their expiration policy points now, “explained Johnson. Here are some loyalty programs that have recently announced extensions: The Hilton Honors Program suspends all points scheduled to end before December 31, 2020. Members of Arvott Bonvoy ™ who have not had any activity posted for at least 24 months and any points scheduled to end before February 1, 2021 will see the expiration date for their points automatically pushed back to 1 February 2021. The Radisson Rewards program also suspends its point expiration policy for six months on 1 March 2020. The Wyndham Rewards program removes expiration points between now and 31 May 2020. The IHG Rewards Club extends the expiry date for each point that will expire from 1 April until 31 December 2020. If you are not sure when your points will end, you you need to check your loyalty program. “Most brands will have a Covid-19 update page where you can see the latest policies,” Johnson advises. For example, see the Hilton coronavirus resource page. Online credit cards with points that do not expire if you have one of the following airlines credit cards, your travel rewards will not expire as long as you actively use your account and make payments on time. ® Priority Credit Card United℠ Explorer Card $ 250 $ 149 $ 149 $ 149 $ 0 first year, then $ 95Rewards Get 3 miles per dollar spent at the hotel, 3 miles per dollar spent on Delta purchases, 2 miles per dollar spent at restaurants, 2 miles per dollar spent at a US supermarket, and 1 mile per dollar for all other eligible purchases 6X points for every $ 1 spent on JetBlue purchases; 2X points at restaurants and grocery stores; 1X points for all other purchases2X points for every $ 1 spent on Southwest purchases; 1X points for all other purchases, 2x miles per $ 1 spent on United purchases; 2X miles per $ 1 spent in restaurants and hotels; 1X miles is earned for every $ 1 spent on all other purchases. Welcome bonus. Get 40,000 bonus miles and 5,000 Medallion Qualification Miles (MQMs) after you spend $ 2,000 on your new card purchase in the first three months. Plus, get a $ 100 statement credit after you make a Delta purchase with your new card in your first three months 40,000 bonus points after you spend $ 1,000 in the first 90 days and pay an annual fee. Get 40,000 points after you spend $ 1,000 on purchases in the first 3 months of your account being opened. 60,000 bonus miles after you make $ 3,000 purchases in the first three months since opening an account. See our methodology below. Learn More On the American Express secure site, Learn More or be provided by the card issuer before being published. Learn More On the safe Chase site Learn More On the safe Chase siteWhat do you have to spend on your points? There are many other ways to use your points, whether you want to save on daily expenses or give you a gift for good reasons. If you are an American Express or United credit card holder, you can donate your travel prize to Coronavirus RelieF’s efforts and support an ongoing fundraising campaign. For example, if you have an Amex EveryDay® Credit Card, Amex will match the charitable donations you make with your Membership Rewards® points when you give to Feeding America to help with food shortages during coronavirus. Other publishers such as Discover and Citi also make it possible to contribute your points. If you want to postpone a trip and use your points for other purchases, many gift cards offer a flexible way to redeem your points and miles. For example, if you have a Chase Sapphire Preferred® or Chase Sapphire Reserve®, you can use your Ultimate Rewards® points for gift cards, household items, and electronics through Shop through Chase. Keep in mind – a major excitement of the Sapphire card is that your Main Prize Points stretch 25% to 50% further for special travel-related purchases. So if you choose to use your gift in a way other than traveling, you won’t get that much value from them. It might make more sense to save them in the hope of withdrawing it for a big holiday at the end of the year or early 2021. This is also the case for most travel credit cards where your gift is given in miles. But applying it to other expenses may be commensurate with the current economic situation. Bottom Line “There is no right or wrong way to redeem points or miles,” Johnson explained, “so it depends entirely on the person who owns it.” think it’s unlikely you will travel at all over the next year, so you might consider redeeming your gift for non-travel options such as cash back, gift cards or merchandise if you can. “Of course, not all programs offer such flexibility,” Johnson advises. You can also remember domestic trips, he said. “I didn’t spend my points [on non-travel options] because I think I will be able to travel somewhere this summer and later this year. Maybe I’m stuck with domestic travel and only destinations that I can drive for a while, and that’s no problem. “I hold my points and miles until the time I can travel again,” he said. on coronavirus and travel: Our methodology To determine which card will return the most money to your pocket, CNBC Select evaluates popular gift credit cards evaluated by major banks, financial companies, and credit unions that allow anyone to join and offer prizes bonuses on airlines related to purchases. We compare each card on various features, including travel rewards (points and miles), annual fees, welcome bonuses, introductory and standard APRs, one-time allowance, annual allowance, exchange rates, and factors such as the required credit and customer reviews if available.CNBC Select works closely with the location intelligence firm Esri. The company’s data development team provides the most up-to-date and comprehensive consumer spending data based on the 2019 Consumer Expenditure Survey from the Bureau of Labor Statistics. You can read more about their methodology here. The DataEsri team sampled an annual budget of around $ 22,126 in retail spending. The budget includes six main categories: food ($ 5,174), gas ($ 2,218), eating out ($ 3,675), travel ($ 2,244), utilities ($ 4,862) and general purchases ($ 3,953). General purchases include items such as household supplies, clothing, personal care products, prescription drugs and vitamins, and other vehicle costs. CNBC Select uses this budget to compare cards that value certain purchases and estimate how much rewards the average consumer might get. Then we estimate how much the average reward customers can get (in the case of airline cards, usually “points” or “miles”) for one year, two years and five years, assuming they will try to maximize their prize potential by get all welcome bonuses offered and use the card for all valid purchases. Our final choice is overburdened to achieve the highest five-year returns, because it’s generally wise to hold credit cards for years. This method also avoids giving unfair advantages to cards with a large welcome bonus. While the five-year estimates that we include come from budgets that are similar to the average expenditure of Americans, you can get higher or lower returns depending on your travel habits. Information about Amex EveryDay® Credit Cards, Bank of America® Credit Cards Travel Rewards, the Wells Fargo Propel American Express® Card, and the Capital One® Venture® Rewards Credit Card have been collected independently by CNBC and have not been reviewed or provided by the card issuer before they are issued. Oversight Note: Opinions, analyzes, reviews or recommendations expressed in this article are the property of CNBC Select editorial staff only, and have not been reviewed, approved, or endorsed by any third party. .



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