compare the market travel insurance rewards

Both cards charge the same annual fee

Chase sapphire preferred has a more lucrative welcome bonus, autograph journey offers more flexibility for earning rewards, chase sapphire preferred has more options for redeeming rewards -- for now, chase sapphire preferred wins the travel insurance faceoff, both cards offer valuable general perks, the bottom line.

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Does Wells Fargo’s New Travel Card Beat Chase Sapphire Preferred at Its Own Game?

The Autograph Journey matches Sapphire Preferred in many categories, but comes up short on redemption options. That could change soon.

Holly Johnson

Contributor

Holly Johnson is a credit card expert and writer who covers rewards and loyalty programs, budgeting, and all things personal finance. In addition to writing for publications like Bankrate, CreditCards.com, Forbes Advisor and Investopedia, Johnson owns Club Thrifty and is the co-author of "Zero Down Your Debt: Reclaim Your Income and Build a Life You'll Love."

Tiffany Connors

Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on credit cards. Previously, she covered personal finance topics as a writer and editor at The Penny Hoarder. She is passionate about helping people make the best money decisions for themselves and their families. She graduated from Bowling Green State University with a bachelor's degree in journalism and has been a writer and editor for publications including the New York Post, Women's Running magazine and Soap Opera Digest. When she isn't working, you can find her enjoying life in St. Petersburg, Florida, with her husband, daughter and a very needy dog.

Wells Fargo Autograph Journey℠ Card

Chase Sapphire Preferred® Card

The new Wells Fargo Autograph Journey℠ Card * is the first card from Wells Fargo to offer points that transfer to airlines and hotels . It features a welcome bonus and impressive rewards rates for travel and dining purchases, which makes it a solid option for if you regularly spend in these categories. It was available to applicants starting this week.

The Autograph Journey shares some features with one of the top rewards credit cards on the market, the Chase Sapphire Preferred® Card . The cards have similar welcome bonuses and annual fees, and they both have built-in travel insurance protections . They also have similar redemption options for their rewards, but they do differ in some respects.

We’ve set up a category-by-category matchup of these credit cards to see which one comes out on top as the better travel card.

Both the Autograph Journey and the Chase Sapphire Preferred have an annual fee of $95. Many other travel credit cards with points that transfer to airlines and hotels have annual fees of $395 or higher. This one ends in a tie.

These travel rewards credit cards have the same welcome bonus and the same minimum spending requirement. You can earn 60,000 points with either card after spending $4,000 on purchases within three months of account opening.

However, the Chase Sapphire Preferred’s bonus could be worth more than the Wells Fargo card’s. That’s because the Sapphire Preferred has a better redemption program. If you redeem the card’s bonus for travel through Chase Travel℠, you’ll get a 25% redemption bonus, which would push the value of the bonus to $750 – more than the $600 you’d see from the Wells Fargo card.

Here’s where things get interesting. While both credit cards offer the same rewards rate for airfare, you’ll need to book travel through Chase’s portal to get the best rate with the Sapphire Preferred.

On the other hand, Autograph Journey’s high rates still apply when you book travel directly with providers. So you can earn the two highest rewards rates on hotels and airfare, no matter which brand you’re booking with.

If you book other travel with this card, including hotels and airlines booked through online travel agents like Expedia or Priceline, you earn 3x points. You also earn 3x points on restaurants, which is a major plus.

While the rewards rates on both of these cards are exceptional, the Autograph Journey has a slight edge in this category since consumers have more options for booking travel while still earning bonus reward points.

Both of these rewards credit cards have similar redemption options, including gift cards, cash back to an eligible bank account or statement credits. They also let you transfer rewards to airline and hotel partners for added value and flexibility, and you can use points from either card to book travel through each issuer’s respective portal.

Interestingly, both cards also let you pool points with rewards cards that earn other rewards currencies. For example, you can pool rewards earned with Chase cash-back credit cards into your Chase Sapphire Preferred account for premium travel redemptions. You can also pool points earned with the no-annual-fee Wells Fargo Autograph℠ Card account in your Autograph Journey account.

Still, the Chase Sapphire Preferred easily beats the competition in this category. Cardholders get 25% more value from their points when they use them to book travel -- airfare, hotels, rental cars or other travel expenses -- through Chase Travel℠. Outside of that, the Chase Ultimate Rewards program has what is arguably the best selection of transfer partners across all credit card rewards programs. There are also more transfer partners to choose from compared to Wells Fargo.

You can transfer points to the following Chase transfer partners at a 1:1 ratio:

Airline partners

• Aer Lingus, AerClub
• Air Canada Aeroplan
• Air France (Flying Blue)
• British Airways Executive Club
• Emirates Skywards®
• Iberia Plus
• JetBlue TrueBlue
• Singapore Airlines KrisFlyer
• Southwest Airlines Rapid Rewards®
• United MileagePlus®
• Virgin Atlantic Flying Club

Hotel partners

• IHG® Rewards Club
• Marriott Bonvoy®
• World of Hyatt®

In contrast, Wells Fargo cardholders will only be able to transfer to the following partners starting on April 4, 2024:

You can transfer points to the following airline partners at a 1:1 transfer ratio:

• Avianca LifeMiles
• Aer Lingus AerClub

Choice Privileges: You can transfer points to Wells Fargo’s hotel partner at 1:2 transfer ratio.

Wells Fargo says it is just now building out its selection of airline and hotel transfer partners, and that more partners will join the program soon.

Both of these travel credit cards have a surprising number of travel insurance benefits that are automatically available. However, the Chase Sapphire Preferred wins in this category because it offers primary auto rental coverage that you can use in place of your own auto insurance when you rent a car.

Auto rental coverage offered through Autograph Journey works secondary to your own insurance in the US. This means you would have to exhaust limits on your own auto insurance policy before you can use it.

The Chase Sapphire Preferred also offers a few more types of coverage than the Autograph Journey. 

Each of these rewards credit cards also offers a few other perks that make them more valuable overall. Since their other benefits are difficult to compare, this category ends in a tie as well.

With the Autograph Journey, cardholders get cell phone damage or theft protection coverage worth up to $1,000 per claim (subject to a $25 deductible) when they pay their phone bill with their credit card. This benefit can apply up to two times per 12-month period for a maximum value of $2,000 each year. Cardholders also get a $50 annual statement credit with $50 minimum airline purchase.

The Chase Sapphire Preferred offers purchase protection against damage or theft and extended warranty coverage on eligible items that come with a manufacturer’s warranty. Cardholders also get some additional perks from DoorDash and Instacart, as well as the chance to earn bonus points on Lyft purchases through March 2025 and eligible Peloton equipment and accessory purchases.

Finally, cardholders with the Sapphire Preferred qualify for up to $50 in statement credits each anniversary year for hotel stays purchased through Chase Travel.

While it appears the Chase Sapphire Preferred is the better option, that may not be the case for long. Wells Fargo said in its press release that it is actively working on adding new transfer partners to its portfolio so that cardholders have more options in the coming year. 

Any new partners it gets could shake up the comparison of these two cards pretty quickly, especially since the Autograph Journey has great earning rates for both dining and travel.

* All information about the Wells Fargo Autograph Journey Card has been collected independently by CNET and has not been reviewed by the issuer.

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