Key takeaways
- In the case of travel-related card perks, the Chase Sapphire Most well-liked is an general more sensible choice than the Financial institution of America Journey Rewards bank card, however the Journey Rewards can nonetheless be the suitable selection for some folks.
- Financial institution of America provides a Most well-liked Rewards program that enhances the rewards charges of its bank cards, so if you happen to’re already a member of this program, you’d get much more worth out of this card
- The Sapphire Most well-liked additionally has a greater welcome bonus supply and the next general rewards price, however the Journey Rewards card has no annual charge and provides a 0 % introductory APR on purchases and steadiness transfers.
When you’re making an attempt to determine between the Financial institution of America® Journey Rewards bank card and the Chase Sapphire Most well-liked® Card, you’ve got fairly a bit to consider. For instance, you’ll have to contemplate your routine spending habits, the kind of rewards you wish to earn and whether or not you’re comfy paying an annual charge.
Within the meantime, you must also take into account whether or not you may benefit from a 0 % APR on purchases for a restricted time. Why? As a result of solely considered one of these playing cards provides you this chance.
Whereas the Financial institution of America Journey Rewards card and Chase Sapphire Most well-liked have fairly a bit in frequent, there are some areas the place one card undoubtedly beats out the opposite. Learn on to be taught which of those playing cards wins in an important classes, in addition to causes to join both choice.
Primary particulars
| Chase Sapphire Most well-liked | Financial institution of America Journey Rewards bank card | |
|---|---|---|
| Welcome bonus | 60,000 bonus factors after you spend $4,000 on purchases inside 3 months of account opening | 25,000 bonus factors after spending $1,000 on purchases inside 90 days of account opening |
| Rewards price | 5X factors on journey booked by means of Chase Final Rewards and Lyft Rides (Lyft supply by means of March 2025); 3X factors on eating (together with eligible supply providers), choose streaming providers and on-line grocery purchases (excluding Walmart, Goal and wholesale golf equipment); 2X factors on different journey purchases; 1X factors on all the things else | Limitless 1.5X factors on all purchases |
| Intro APR | N/A (21.49% – 28.49% variable APR) | 0% intro APR on purchases and steadiness transfers for 18 billing cycles (18.24% – 28.24% variable APR after) |
| Annual charge | $95 | $0 |
| Redemption choices | Redeem factors for:
|
Redeem factors for:
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Financial institution of America Journey Rewards card vs. Chase Sapphire Most well-liked highlights
Each playing cards supply beneficiant rewards for journey and allow you to redeem your factors for versatile choices. Nonetheless, the Chase Sapphire Most well-liked beats out the Financial institution of America Journey Rewards card within the extra vital classes.
Welcome bonus winner
Rewards price winner
Which card earns probably the most?
Now for the fascinating half. Which of those journey bank cards will web you probably the most in rewards? That actually is dependent upon how you employ your card and the classes you spend probably the most in.
Our spending instance exhibits how a lot the common household may earn with both card.
Financial institution of America Journey Rewards card vs. Chase Sapphire Most well-liked spending instance
This instance situation exhibits the common rewards for a household of 4 with a person and lady underneath the age of fifty and two youngsters between the ages of 9 and 11. The common meals spending for this household would work out to $1,324.30 per 30 days (or $15,891.60 per 12 months) on a average plan, in line with the USDA.
Since we’re evaluating playing cards for individuals who journey, let’s additionally estimate that this household spends $5,000 per 12 months on airfare, accommodations and different journey purchases, with half of it in a position to be booked by means of the Final Rewards portal. Add onto that $300 per 30 days ($3,600 per 12 months) in restaurant purchases and $1,000 per 30 days ($12,000 per 12 months) on miscellaneous purchases.
| Factors | Financial institution of America Journey Rewards | Chase Sapphire Most well-liked |
|---|---|---|
| Groceries | No Most well-liked Rewards tier: 23,836
Gold: 29, 795 Platinum: 35,754 Platinum Honors or increased: 41,634 |
47,673 |
| Journey by means of Chase Final Rewards | N/A | 12,500 |
| Basic journey | No Most well-liked Rewards tier: 7,500
Gold: 9,375 Platinum: 11,250 - Advertisement -
Platinum Honors or increased: 13,100 |
5,000 |
| Eating out | No Most well-liked Rewards tier: 5,400
Gold: 6,750 Platinum: 8,100 Platinum Honors or increased: 9,432 |
10,800 |
| Extra purchases | No Most well-liked Rewards tier: 18,000
Gold: 22,500 Platinum: 27,000 Platinum Honors or increased: 31,440 |
12,000 |
| Complete factors |
No Most well-liked Rewards tier: 54,736
Gold: 68,420 Platinum: 82,104 Platinum Honors or increased: 95,606 |
87,973 |
With the Financial institution of America Journey Rewards bank card, earnings would whole 68,420 to 95,606 factors, relying on their Most well-liked Rewards membership standing. With the Chase Sapphire Most well-liked bank card, earnings would whole 87,973 factors. As you possibly can see, the Chase Sapphire Most well-liked would web extra factors general — however with some caveats.
Which card will fit your spending habits?
The Chase Sapphire most well-liked solely has boosted rewards charges on grocery purchases if you happen to make these purchases on-line, and its 5X rewards price on journey solely applies to purchases made by means of the Chase Final Rewards portal. With out procuring on-line or utilizing the Chase Final Rewards portal, you’d get much less factors.
Additionally, the Financial institution of America Journey Rewards bank card might earn extra if you happen to’re not less than on the Most well-liked Rewards Platinum Honors member tier or increased.
When you’re already a Financial institution of America loyalist and plan on preserving your Platinum Honors standing or increased, then the Journey Rewards card may be higher off in your price range. However if you happen to’re not a Most well-liked Rewards member, you’ll seemingly get extra mileage out of your Sapphire Most well-liked — particularly on condition that their factors are value rather more if you happen to switch them to a high-value journey accomplice.
Why must you get the Chase Sapphire Most well-liked?
The spending instance above exhibits that the Chase Sapphire Most well-liked will help the common household earn extra rewards on their spending, however there are different causes to join this card.
Why must you get the Financial institution of America Journey Rewards card?
Whereas the Chase Sapphire Most well-liked is difficult to beat, there are some compelling causes to decide on the Financial institution of America Journey Rewards card as an alternative — its lack of an annual charge among the many greatest. Different causes to enroll embrace a beneficiant intro APR interval and distinctive alternatives to spice up your earnings.
The underside line
The Chase Sapphire Most well-liked undoubtedly has extra to supply out of those two playing cards, but the Financial institution of America Journey Rewards card’s lack of an annual charge and beneficiant intro APR makes it choice, too — particularly if you have already got a major amount of cash saved up in Financial institution of America accounts.
When you nonetheless can’t determine between these two playing cards, nonetheless, it by no means hurts to check them to different journey bank cards from Chase, Financial institution of America and different main issuers.
Issuer-required disclosure assertion
Details about the Financial institution of America® Journey Rewards bank card was final up to date on February 7, 2024.
