17/04/2024

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Amex Gold Vs Chase Sapphire Preferred For Travelers (2023)

Amex Gold Vs Chase Sapphire Preferred For Travelers (2023)

The days of cash being the king are long gone. And, that goes not only for the USA but for most parts of the world as well.

Everyone is switching to plastic, simply because it is safer and much more convenient. There is, however, another crucial reason why travelers are switching to the best travel credit cards. Travel credit cards are more favorable and allow them to practically save money on their trips and spend less than they would if they used cash.

Amex Gold vs Chase Sapphire Preferred

Checking out the Chase Sapphire Preferred vs. Amex Gold travel credit cards will not only make you realize how it is that you can save money with those financial instruments but also understand that there are numerous different ones to choose from.

Travel credit card providers are competing with each other in an effort to offer the best value to their customers. That is why so many different options exist. This is a good thing, isn’t it?

The healthy competition that exists among those travel credit card providers will lead to them aiming at creating the best possible offers for their potential clients, aiming at attracting them and snatching them away from the competitors. The clients are the ones that are benefiting due to the providers competing, so it is undeniably a good thing.

The fact you are here tells me two things. First of all, you are a potential travel card client. And, secondly, you have two specific providers and cards in mind that you would like to choose from.

Yet, it seems that you are having a hard time making that choice, possibly because the features of both travel card solutions are so great that you can’t make up your mind, and possibly because you’ve never used any such cards in the past, and you now want to be careful in the choosing process.

Whether you’ve used these types of financial tools in the past or not, being careful when choosing between Amex Gold vs Chase Sapphire Preferred remains rather important.

So, when you’ve narrowed down your choices to these two travel credit cards, don’t just randomly go for one over the other. Instead, take your time to carefully consider those important factors and understand the differences between Amex Gold vs Chase Sapphire Preferred aiming at deciding which one could be just perfect for you.

Amex Gold vs Chase Sapphire Preferred

Tips For Choosing Amex Gold vs Chase Sapphire Preferred

Here are some general things to keep in mind when choosing one of these tools: https://www.livelikeitstheweekend.com/choosing-a-travel-rewards-credit-card/ 

1. Check the Sign-Up Bonuses

As with all other travel credit cards, the Amex Gold and the Chase Sapphire Preferred both offer sign-up bonuses to their clients. Those bonuses, of course, come in the form of points.

Checking how many points you can get from each of these cards, as well as what the criteria for getting them are, is highly important. In this case, you get 60,000 points on both cards if you spend $4,000 in a certain period of time.

It is only the time period that differs, with the Amex Gold offering you a timeframe of 6 months, and the Chase Sapphire Preferred offering a timeframe of 3 months.

2. Consider the Annual Fees

Whenever getting any kind of credit card, you’ll want to know what the annual fee is, so that you can understand how much it will cost you to use the instrument.

Well, you should do the same thing when getting a travel card and, more specifically, when choosing among the two mentioned in this article. The Amex Gold charges $250 on a yearly basis, while the Sapphire Preferred charges $95, which is a huge difference.

3. Remember Earning Potentials

That difference in fees alone means absolutely nothing. It won’t do you any good to pay a small fee if there is no earning potential whatsoever on a particular card.

The great thing about these two credit cards is that they both offer great earning potential. It is just that, you have to check precisely how many points you can get for which types of purchases, because we don’t all tend to buy the same things.

Click this to learn some more about what to consider when choosing your credit card.

4. Consider Your Specific Spending Habits

Since we don’t all spend money on the same things, it goes without even saying that the next thing to do is consider your particular spending behaviors.

Do you tend to dine out a lot when traveling, or do you prefer staying in and perhaps using some streaming services to relax and unwind in the evening? Those are just some of the questions you should ask yourself here because the specific spending behaviors that you have will help you determine which card is better for you.

This is because the Chase Sapphire Preferred and the Amex Gold offer different earning potentials on different types of purchases, and it is your task to explore this in more detail and be honest about your spending behaviors, so as to make the best choice.

Travel credit cards

Conclusion

In today’s world, cash is no longer king, and travelers are increasingly turning to credit cards for their safety, convenience, and cost-saving benefits.

If you are considering choosing between Amex Gold vs Chase Sapphire Preferred, it is likely because you are a potential travel card user facing a challenging decision. Whether you are a seasoned user or a newbie, making a careful choice between Amex Gold and Chase Sapphire Preferred is crucial.

In conclusion, when choosing between Amex Gold and Chase Sapphire Preferred, take your time to evaluate these factors carefully. Your decision should align with your spending habits and financial goals, ensuring you make the most of your travel rewards credit card.