Chase Sapphire Preferred vs USAA Preferred Cash Rewards

Common questions

Which card has the bigger sign-up bonus, Chase Sapphire Preferred or USAA Preferred Cash Rewards?

The Chase Sapphire Preferred has the bigger bonus, 75,000 points, worth roughly $1,500, versus $250 cash bonus (~$250) on the USAA Preferred Cash Rewards.

Is the Chase Sapphire Preferred's $95 annual fee worth it compared to the USAA Preferred Cash Rewards?

At $95/yr, the Chase Sapphire Preferred is in the mid-fee tier. Compare its specific perks (lounge access, travel credits, primary rental insurance) to the USAA Preferred Cash Rewards's, pick the one whose perks you'll actually use.

Can I have both the Chase Sapphire Preferred and USAA Preferred Cash Rewards?

Yes, since they're from different issuers (Chase and USAA) the application rules don't conflict. Many points enthusiasts hold both, they pair well when one earns flexible bank points and the other earns a different currency.

Should I get the Chase Sapphire Preferred or the USAA Preferred Cash Rewards first?

Get the one whose sign-up bonus you can hit comfortably without overspending. Chase Sapphire Preferred: $5,000 spend in 3 months. USAA Preferred Cash Rewards: $1,000 in 3 months. Pick the easier minimum spend if you're new to points; pick the larger bonus if you have planned big purchases coming up.