This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Disclosure, visit this page.
It can be tough to choose the right credit card with all the great out there. There are cards that earn more rewards on things like dining or groceries, cards that can help your business earn more rewards, and of course, coveted travel rewards (don’t worry, you can start earning these rewards now to use when it’s safer to travel). Two of the top cards include the Chase Sapphire Preferred® Card and the Citi Premier® Card, which we’ll be reviewing today.
Chase Sapphire Preferred vs Citi Premier Review
In the past, the Chase Sapphire Preferred perks have easily stood head & shoulders above most personal rewards credit cards. But many cards have been increasing their bonuses and benefits, which makes choosing just a little bit harder. One of those cards that have increased in value recently is the Citi Premier Card.
The Chase Sapphire Preferred® Card comes with a sign-up bonus of 60,000 Ultimate Rewards points after spending $4,000 in 3 months. Those 60,000 Ultimate Rewards points are worth $600 cash or $750 in award travel. Additionally, new cardholders can earn up to $50 in statement credits towards grocery store purchases.
You’re eligible for the Chase Sapphire Preferred and its sign-up bonus as long as you don’t currently hold the card and it’s been 24 months since you last received a bonus on the card.
The Citi Premier® Card earns 60,000 bonus points after you spend $4,000 in the first 3 months of account opening. The 60,000 bonus points can be redeemed for $600 in gift cards or travel rewards at thankyou.com.
Even though both bonuses are similar, I think Ultimate Rewards are more valuable (more on that later).
Winner: Chase Sapphire Preferred® Card
Perks & Benefits
These two travel cards have a lot of great benefits, which is great for us!
Citi Premier Card
The Citi Premier® Card gives you unlimited 3 points per $1 spent on:
- Gas Stations
- Air travel
You’ll earn 1 point per $1 spent on all other purchases.
The card comes with contactless chip-enabled technology and travel protection benefits like lost baggage, car rental insurance, trip accident insurance, and travel emergency assistance. Cardholders can transfer their points to popular airline loyalty programs like TrueBlue, Virgin Atlantic Flying Club, and Singapore Airlines KrisFlyer. There is no fee to transfer points but the minimum transfer is 1,000 points.
Cardholders can also get a $100 annual hotel benefit after purchasing a single hotel stay of $500 or more (excluding taxes and fees) through thankyou.com.
You can also use your card to Shop with Points at participating online merchants such as Amazon and Best Buy.
Chase Sapphire Preferred
The Chase Sapphire Preferred Card rewards you with 2x on travel and dining purchases. Cardholders also earn 5x points on Lyft rides, through March 2022. Through April 30, 2021, cardholders automatically earn 2x points per $1 spent at grocery stores, up to $1,000 per month. All non-bonus purchases earn 1x point per $1 spent.
Additional Chase Sapphire Preferred benefits include unlimited deliveries with no delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with a DoorDash DashPass subscription. Activate your card by December 31, 2021.
Cardholders can also earn up to $60 in statement credits on Peloton Digital and All-Access Memberships through December 31, 2021. Points are worth 25% more now through April 30, 2021, when redeemed for statement credits against existing purchases in select, rotating categories with the Chase Pay Yourself Back feature. Points are also worth 25% more when redeemed through the new Chase Dining hub in Ultimate Rewards, now through April 30, 2021.
It’s also great for international travel since it has chip & signature technology. The Sapphire Preferred is a Visa Signature card, which offers additional benefits like free wine tastings, BOGO movies, and more. It’s also worth noting that the Ultimate Rewards site has a shopping portal that can be very useful in earning multiple dollars for shopping online.
Both cards come with lots of benefits to take advantage of. Depending on your spending and lifestyle, one card might be speaking to you more. The Citi Premier® Card’s category bonuses are actually a little better than the Sapphire Preferred since you earn 3 points per $1 on travel and gas purchases. And the hotel bonus is nice.
Winner: Citi Premier® Card
Reward Points System
The Sapphire Preferred earns Ultimate Rewards points, which are my favorite points to earn. P e r i o d. They are just so darn flexible. You can redeem your Ultimate Rewards points for travel through their website and receive a 25% bonus per redemption. That means that 60,000 Ultimate Rewards (UR) points are worth $750 in award travel through the UR website. You can book any flight, hotel, or car rental available too. If travel isn’t for you at the moment, you can always redeem your UR points for gift cards, merchandise, and statement credits.
The REAL value with Ultimate Rewards points is found in their transfer partners. You can transfer UR points out to top Chase travel partners. They are JetBlue, Iberia, Aer Lingus, Emirates, United, Southwest, British Airways, Virgin Atlantic, Singapore Airlines, Air France/KLM, Aeroplan (expected late 2021), Hyatt, Marriott, IHG, and Marriott.
That’s a lot of options! Here’s a couple of examples of what you can do with UR points:
- Fly round-trip to Europe on United in economy for 60,000 miles (easily worth over $1,100 in value)
- Transfer 60,000 Ultimate Rewards points to Hyatt and get 2 nights at the Andaz 5th Avenue in NYC
This Chase Sapphire Preferred vs Citi Premier review wouldn’t be complete without comparing rewards systems. Citi ThankYou Points can also be redeemed through their website for travel. You can also redeem your Thank You points for gift cards and merchandise.
However, Citi ThankYou points can also be transferred out to travel partners! Victory. The Citi ThankYou transfer partners include Singapore Airlines, AeroMexico, Asia Miles, Avianca, Emirates, EVA Air, Qantas, JetBlue, Virgin Atlantic, Turkish, Qatar, Etihad, Thai, Intermiles, KLM, and Malaysia.
In my opinion, the best Citi TY transfer partner is Singapore Airlines, which is also a Chase Ultimate Rewards transfer partner. Flying Singapore premium products is a treat, especially their high-end Suites Class. We recently flew from Tokyo to LA in Singapore Suites, and it was awesome. The ticket would’ve cost $15,000 out of pocket, but we were able to book it with miles & points. Here’s my primer on booking Singapore Krisflyer award tickets online.
I love that both the Ultimate Rewards program and Thank You programs earn transferable points. Transferable points will give you the most flexibility, thus the opportunity to get the most of out your points. It’s worth mentioning too that once you have miles in a certain airline’s loyalty program, you can fly any airline that is a partner with them. Crazy value!
In this category, I will have to pick the Sapphire Preferred because the Ultimate Rewards program has better transfer partners.
Winner: Chase Sapphire Preferred® Card
There’s a $95 annual fee but no foreign transaction fee with the Chase Sapphire Preferred.
The Citi Premier Card also has a $95 annual fee but no foreign transaction fees.
Hopefully, this Chase Sapphire Preferred vs Citi Premier review has exemplified just how solid both cards are and why each has its advantages. The Chase Sapphire Preferred® Card and Citi Premier® Card are both good choices if you want some flexibility while traveling. The Citi Premier Card has better category bonuses, but the Sapphire Preferred has better transfer partners.
Both cards have very competitive sign-up bonuses, but at the end of the day, I would rather earn Ultimate Rewards points than Citi ThankYou points.
Eventually, you may want to have both of these travel rewards cards since they complement each other well. And that’s possible since they are issued from different banks. Basically, you can’t go wrong with either card, but hopefully, this review helps you make your decision.
Related Card Comparison Posts:
- Capital One Venture vs. Chase Sapphire Preferred
- Chase Freedom or Chase Sapphire Preferred
- Citi Premier vs Capital One Venture Rewards
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
- 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.