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Terms and Conditions applyRates & Fees
|Rewards Rate Details||2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases||unlimited 1.5x Miles per dollar on all purchases, every day|
|Sign Up Bonus||Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.||Discover will automatically match all the Miles you've earned at the end of your first year|
|Foreign Exchange Fee||$0||None|
|Annual Fee||$0 Intro for the First Year, then $95||$0|
|Balance Transfer Fee||Either $5 or 5% of the amount of each transfer, whichever is greater.||3%|
|Card Details||Chase Sapphire Preferred® Card Credit Card Details||Discover it® Miles Credit Card Details|
Credit Card Matchup: Chase Sapphire Preferred® Card vs. Discover it® Miles Showdown
The Chase Sapphire Preferred® Card and the Discover it® Miles card are arguably two of the best travel cards on the market, because they both offer some extraordinary benefits, superior customer service support, and the kind of flexibility that cardholders really appreciate. That can make it difficult to figure out which of these two exceptionally good cards are the best choice for your situation and unique financial needs. To help resolve that question, it helps to have a keen grasp of what each offers – and to see the kind of direct card-to-card comparison offered in this credit card matchup.
Best Ways to Use the Card
The best way to use the Chase Sapphire Preferred® Card is to spend in the categories of travel and restaurants, and to redeem for travel rewards – since those are worth 20% than rewards redeemed for gifts or cash. The best way to use the Discover it® Miles card is to spend as much as you can in any category you want, and redeeming for whatever rewards you prefer.
Chase Sapphire Preferred® Card Math
With the Chase Sapphire Preferred® Card, if you earn all the available sign-up bonuses they are worth close to $675 in total travel redemption value. That is enough to compensate for the $95 annual fee for more than seven years (7 X $95 = $665). The fee is waived in the first year, so earn all the available first-year bonuses and redeem them for travel and you can basically have the card for eight years with the annual fee justified.
Now let’s ignore the free first-year and bonuses to see what the math looks like.
Discover it® Miles card Math
Which Credit Card is Better?
In the categories of travel and restaurants, the Chase Sapphire Preferred® Card pays half a penny per dollar more than Discover. However, the Chase Sapphire Preferred® Card pays a penny per dollar vs. a penny and a half per dollar with Discover it® Miles, for all other categories.
With Chase you can maximize your rewards by using it for travel and dining and then redeeming rewards for travel. But you also have to spend enough or earn enough of the bonus rewards available from Chase as a new cardholder to cover the cost of the annual fee.
Bigger spenders who spend on travel and restaurants and redeem for travel will likely find the Chase Sapphire Preferred® Card better. Those who spend less or don’t spend on travel and restaurants will be better served by the Discover it® Miles card.
The Chase Sapphire Preferred® Card offers customer service that is first-rate. When you call the customer service phone number, for example, Chase promises that you will always have your call answered by a "real person” versus a voicemail system. The most unique feature of this card is that it offers a 20% discount – which can also be described as an increase in value of 20% - when you redeem rewards for travel.
The Discover it® Miles card is quite unique with its offer to double all the points you earn during your first year of membership. Other unique features with the Discover it® Miles card are perks like a free FICO score each month and the ability to freeze your account immediately if you lose the card or think it’s been hacked.
How do You Redeem
With the Chase Sapphire Preferred® Card you can redeem for cash starting at 2,000 points through an account statement credit or electronic deposit into a checking or savings account. You can also redeem for gift cards or travel. In that case each point is worth one cent, so 100 points equals $1 in redemption value. When you use points to redeem for travel, each point is worth one and a quarter cents, which means that 100 points is worth $1.25 in redemption value.
To redeem rewards with the Discover it® Miles card, just access your account and redeem at any time, in any amount, for whatever rewards you want.
Is this the Card for You?
Those who travel and spend a lot on travel and restaurants and want to earn travel rewards will find the Chase Sapphire Preferred® Card card most rewarding. If you don’t want to have to worry about expense categories or spending a certain amount to justify the annual fee, you’ll likely be happiest with the Discover it® Miles card.
Pros of the Chase Sapphire Preferred® Card
Cons of the Chase Sapphire Preferred® Card
Pro's of the Discover it® Miles
Con's of the Discover it® Miles
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