Everyone keeps talking about Chase Sapphire Preferred and Freedom

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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GoCreditGo!
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Everyone keeps talking about Chase Sapphire Preferred and Freedom

Postby GoCreditGo! » Sat Nov 09, 2013 9:46 am

I'm looking a non-AMEX card to compliment my portfolio. For those who have used both cards, which is better? I appreciate all comments and really appreciate those that tell me why and how to better apply for bonuses on the cards. :oooo


DavidNY
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Postby DavidNY » Sat Nov 09, 2013 11:13 am

I like both. "Better" depends on how you plan to use it.

CC Deville
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Postby CC Deville » Sat Nov 09, 2013 11:50 am

GoCreditGo! wrote:I'm looking a non-AMEX card to compliment my portfolio. For those who have used both cards, which is better? I appreciate all comments and really appreciate those that tell me why and how to better apply for bonuses on the cards. :oooo


You have to ask yourself what kind of rewards you want and where you spend your money to decide which card is best for you. I have Freedom and its a good enough card, but I don't really spend money on anything besides everyday living, so I found that, for me, the BankAmericard Cash Rewards card works best for me because I get 3% on gas all the time and 2% on groceries all the time. This year Freedom didn't offer 5% on groceries but offered 5% on gas for two quarters. So, I used my Freedom for those gas quarters and I am using it this quarter for Amazon.com. So, for me, I like cash back as opposed to points or travel rewards and I love my BofA card (I get an additional 10% bonus on my rewards when I redeem them because I have a BofA checking account).

Sapphire, or really Sapphire Preferred is good if you do a lot of traveling and dining out. Sapphire Preferred has many benefits and if you don't mind the annual fee it is not a bad card. A lot of people actually have both the Freedom and Sapphire Preferred along with a Chase checking account to maximize their rewards. Be aware that both Freedom and the Sapphire cards earn Ultimate Rewards points...points that can be redeemed for cash, gift cards etc. So by having both, you can maximize your rewards.

Again, it just depends on what you are looking for in a credit card; both are good cards, but for different reasons.

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Z06Biker
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Postby Z06Biker » Sat Nov 09, 2013 7:25 pm

The Sapphire Preferred is better because you can sharpen an edge and be like Steven Segal in Glimmer Man!!!

Am I the only one who thinks he's the last one missing from The Expendables franchise?

Seriously, though -- if you're a smaller spender, I'd suggest the Freedom. If you're a bigger spender and/or more of a traveler, the CSP is the definite choice.
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

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djrez4
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Postby djrez4 » Sat Nov 09, 2013 8:47 pm

DavidNY wrote:I like both. "Better" depends on how you plan to use it.


You had a great link with good math posted before. It was removed, I'm sure for website marketing reasons. If you could post the math from that link, I think it would help the OP with his decision.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
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GoCreditGo!
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Postby GoCreditGo! » Sat Nov 09, 2013 11:57 pm

Thanks for the advice. I don't do much in the way of traveling and eating out, so I need to look in to your strategy.

ncosky290
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Postby ncosky290 » Sun Nov 10, 2013 6:01 pm

GoCreditGo! wrote:I'm looking a non-AMEX card to compliment my portfolio. For those who have used both cards, which is better? I appreciate all comments and really appreciate those that tell me why and how to better apply for bonuses on the cards. :oooo


Truth is Both... And if you have a Chase Deposit account you get what they call the Trifecta.
-AMERICAN EXPRESS DELTA GOLD SKYMILES - AMERICAN EXPRESS EVERYDAY -AMERICAN EXPRESS PLATINUM - CITI DOUBLE CASH - CITI PLATINUM AADVANTAGE - CITI THANK YOU PREFERRED - BARCLAYCARD ARRIVAL PLUS - DISCOVER IT - CHASE SAPPHIRE PREFERRED-

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Postby takeshi » Mon Nov 11, 2013 9:43 am

GoCreditGo! wrote:For those who have used both cards, which is better?

Better is always highly subjective, regardless of topic. I don't find either better as they serve different purposes so I use both. The CSP has a better sign on bonus. It has better UR points transfer. It has better customer service. It always offers 2X on travel and dining with a 7% bonus.

Freedom has 5%/5x categories that rotate each quarter with a $1,500 cap each quarter. IIRC it also has a 0% introductory offer. Freedom generally has easier approval criteria.

The info is on Chase's site for you to compare. What specific questions do you have? What are your criteria/needs/wants/etc so we can guide you to one or the other? Why did you select these two in the first place? Give us as much info as possible so we have a better understanding of where you're coming from and what you're looking for.

MemberSince99
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Postby MemberSince99 » Mon Nov 11, 2013 10:46 am

ncosky290 wrote:Truth is Both... And if you have a Chase Deposit account you get what they call the Trifecta.


I thought they eliminated that for new customers and it's only currenlty grandfathered and was being phased out?

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djrez4
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Postby djrez4 » Mon Nov 11, 2013 11:11 am

MemberSince99 wrote:I thought they eliminated that for new customers and it's only currenlty grandfathered and was being phased out?


It was modified - the old trifecta got you 10 points and a 10% bonus on each transaction with Freedom. I'm still grandfathered into that plan. The new plan, into which current applicants fall and some old cardholders have been transitioned, provides a 10% end-of-year bonus that works like the 7% CSP bonus and eliminates the per-transaction bonus.

But, you've reminded me that my Freedom has uses other than bonus categories. The trifecta math says that even on restaurants, the Freedom wins for transactions under $10:

CSP - $10 x 2.14 = 21.4 UR points
Freedom - $10 x 1.1 + 10 UR points = 21 UR points

CSP - $9 x 2.14 = 19.26 UR Points
Freedom - $9 x 1.1 + 10 UR points = 19.9 UR points

I'm not 100% sure how Chase rounds, but I believe they keep the decimals until the end of the month and round the sum total of all transactions.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

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