Citi Premier vs. Chase Sapphire Preferred
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If you’re looking for a travel credit card with a low annual fee, both the Citi Premier® Card and the Chase Sapphire Preferred® Card could fit the bill. But you may find that one of them will meet your needs a bit better than the other.
While these two rewards cards share some similarities, the Citi Premier can help you rack up points on more everyday purchases. In comparison, the Chase Sapphire Preferred offers a more impressive suite of cardholder benefits, especially when it comes to travel insurance and purchase protection.
Read on to see which top rewards credit card aligns better with your spending patterns and financial goals.
|Cards||Citi Premier||Chase Sapphire Preferred|
|Welcome bonus||60,000 points when you spend $4,000 within 3 months of account opening||60,000 points when you spend $4,000 within 3 months of account opening|
Citi Premier vs. Chase Sapphire Preferred highlights
Welcome bonus winner: Chase Sapphire Preferred
Both cards offer generous welcome bonuses, but their values vary depending on how you redeem them. With the Citi Premier, you can earn 60,000 Citi ThankYou points after spending $4,000 within three months of account opening. Plus, for a limited time, earn a total of 10 ThankYou® Points per $1 spend on hotel, car rentals, and attractions (excluding air travel) booked on the Citi TravelSM portal through June 30, 2024. However, Chase’s offer with the the Chase Sapphire Preferred is 60,000 Chase Ultimate Rewards points after spending $4,000 within three months of account opening.
The Citi Premier’s bonus is worth $600 when redeemed for 1-cent redemption options like gift cards or travel through the Citi portal. But if you transfer your points to a high-value Citi travel partner, your points could be worth 1.9 cents apiece, according to our latest points and miles valuations. That means your Citi welcome bonus could be worth up to $1,140.
The Chase Sapphire Preferred’s welcome bonus is worth up to $750 when you book travel through the Chase Ultimate Rewards portal. This is thanks to a 25 percent points boost for travel redemptions through Ultimate Rewards, making your points worth 1.25 cents apiece. However, if you transfer your points to the right Chase travel partner, your points could be worth up to 2 cents each, making your bonus worth up to $1,200.
Rewards rate winner: It depends
Depending on your spending habits, you could accumulate a lot of points with either of these travel cards. However, the Citi Premier is generally better for everyday purchases, while the Chase Sapphire Preferred is better for travel-related purchases.
The Citi Premier offers you 3X points on restaurant, supermarket and gas station purchases — all standard everyday spending categories. Plus, you’ll earn 3X points on air travel and hotel stays, along with 1X points on all other purchases.
On the other hand, the Chase Sapphire Preferred offers higher rewards on travel — 5X points on travel booked through the Chase portal, along with 5X points on Lyft rides (through March 2025). Plus, it offers 2X points on other travel purchases, which is more inclusive than Citi’s 3X points on only air travel and hotels.
When it comes to everyday spending, the Chase Sapphire Preferred matches the Citi Premier’s 3X rate on dining but it doesn’t offer rewards on gas or in-store grocery purchases. Instead, it offers 3X points on select streaming services and online grocery purchases (excluding Walmart, Target and wholesale clubs).
Annual fee winner: Tie
Both cards charge an annual fee of $95, which is considered low in the world of travel credit cards. While you may hesitate to sign up for a card with a yearly charge, you’ll see a substantial return on your investment during your first year if you spend enough to earn either card’s welcome bonus (provided you pay off your card in full each month to avoid paying interest).
Plus, if you take full advantage of either card’s rewards and benefits, the annual fee will likely still be worth paying in subsequent years. For example, if you spend at least $61 per week on gas, groceries or dining out with your Citi Premier Card, you’ll earn enough points (9,516 annually, worth $95 in rewards) to make up for the annual fee. The same is also true if you spend $1,900 annually (9,500 points) on Lyft rides or travel booked through the Ultimate Rewards portal with your Chase Sapphire Preferred.
Foreign transaction fee winner: Tie
Neither card charges foreign transaction fees on purchases made outside of the United States. That means you can travel abroad with either option without worrying about incurring additional costs.
Which card earns the most?
The card that earns you the most depends on what you spend your money on. So, let’s take a look at a possible spending scenario.
Citi Premier vs. Chase Sapphire Preferred spending example
Using your Citi Premier Card, say you spend $200 on gas, $800 on groceries (in-store), $100 dining out and $1,000 on a plane ticket and hotel accommodations in a given month. Since each spending category earns 3X points, you’ll receive 6,300 points on these purchases. If points are worth 1 cent each, these points are worth $63.
Now, let’s say you make the same purchases using your Chase Sapphire Preferred, with the exception that you buy groceries online instead of in-store and you purchase travel through the Chase portal. You’ll receive a total of 7,900 points, which is worth $79 at a 1-cent-per-point value. If you then redeem these points toward travel through the Chase portal, they’ll be worth 1.25 cents each, which means your points will be worth $98.75.
However, if you remove the airfare and hotel expenses, you’d earn 3,300 points ($33) with the Premier and 2,900 points ($29) with the Sapphire Preferred. So, if you plan to use your card primarily to cover general living costs, the Citi Premier will likely net you a slightly larger payout. But if you plan to use your card more for travel, the Chase Sapphire Preferred would be the better option.
Why should you get the Citi Premier?
The Citi Premier offers a few additional benefits beyond its rewards program — most notably its $100 annual hotel discount on a single hotel stay of $500 or more (excluding taxes and fees) when you book through ThankYou.com or 1-800-THANKYOU.
You can also enjoy Citi Entertainment, which gives you access to VIP packages and presale tickets for in-demand concerts, performances and sporting events. Finally, you’ll benefit from World Elite Mastercard perks such as a complimentary ShopRunner membership, a $5 Lyft credit after you take three rides in a month and more.
You can maximize the value of your points by transferring them to one of Citi’s airline and hotel partners. However, other redemption options include:
- Travel through the Citi portal
- Direct deposits
- Statement credits
- Personal checks
- Payment credits (toward eligible loans)
- Shopping with points at eligible retailers (like Amazon and BestBuy)
- Gift cards
- Charitable donations
Recommended credit score
You’ll need good to excellent credit to qualify for the Citi Premier. That means your credit score should be between 670 and 850 when you apply.
Why should you get the Chase Sapphire Preferred?
You’ll generally get more benefits with the Chase Sapphire Preferred than with the Citi Premier. For example, you’ll get trip cancellation/interruption insurance, an auto rental collision damage waiver, baggage delay insurance, trip delay reimbursement, travel and emergency assistance services, purchase protection and extended warranty coverage.
Plus, after each cardmember anniversary, you’ll get up to $50 in statement credits on hotel stays purchased through Ultimate Rewards. You’ll also earn a generous anniversary points bonus that’s equal to 10 percent of your total spending from the previous year.
Additionally, you’ll get a complimentary one-year subscription to DoorDash DashPass, which includes $0 delivery fees and lower service fees on eligible orders (must activate by Dec. 31, 2024). You’ll also get a complimentary Instacart+ membership for six months, along with up to $15 in statement credits each quarter, through July 2024. Lastly, you can receive a $10 statement credit per month on eligible Gopuff orders through Dec. 31, 2023.
While your most lucrative option is to transfer your points to a Chase airline or hotel partner, you can also redeem for:
- Travel through the Chase portal
- Cash back
- Statement credits
- Gift cards
- Merchandise (including Apple product purchases)
- Chase Experiences
- Shopping with points on Amazon or via PayPal
Recommended credit score
Like the Citi Premier, the Chase Sapphire Preferred requires a good to excellent credit score.
The bottom line
If you want a card that rewards everyday expenses and some travel purchases, the Citi Premier Card could be a great addition to your wallet. But if you’re more interested in travel rewards and support, the Chase Sapphire Preferred Card is likely a better fit. Remember, though — there’s no rule that says you can’t have both. With both cards in your wallet, you can get handsomely rewarded for just about any purchase.