Freedom Flex vs Sapphire Preferred

Economics

Annual fee

$0

$95/yr less

$95

Ongoing annual value

$482

$9/yr more

$473

Net value (value − fee)

$482

$104/yr more

$378

First-year value estimate

$292

$1,020

$728/yr more

Foreign transaction fee

3%

None

Authorized user fee

—

—

Network

Mastercard

Visa

Sign-up Bonus

Earning

Gas stations, public transit, & EV charging (July to September 2026) up to $1.5K total spend per quarter. Requires activation.

5X7.5%

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Peloton equipment and accessories over $150 (through 12/31/2027, max 25K points)

—

5X7.5%

Select live entertainment (July to September 2026) up to $1.5K total spend per quarter. Requires activation.

5X7.5%

—

United Way (July to September 2026) up to $1.5K total spend per quarter. Requires activation.

5X7.5%

—

Drugstores

3X4.5%

—

Gas & EV charging

—

3X4.5%

Online Grocery (excluding Target, Walmart, and Wholesale Clubs)

—

3X4.5%

Select streaming services

—

3X4.5%

Vacation homes

—

3X4.5%

Travel including airlines, hotels, motels, timeshares, rental car agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages

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2X3%

Percentages are the return on a dollar spent: the multiplier times what Miles values those points at. Categories only one card earns a bonus on are marked for that card; the other earns its base rate.

Benefits

Statement credits

• DoorDash Grocery/Retail (non-restaurant): $10 (Quarterly)

• Hotel Credit: $100 (Annual Cardmember Year)
• DoorDash Grocery/Retail (non-restaurant): $10 (Monthly)
• Global Entry / TSA PreCheck / NEXUS Credit: $120 (Every 4 Years)

Lounge access

—

—

Elite status

—

—

Protections

5

9