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Chase Sapphire Preferred vs Capital One Venture Rewards

Chase Sapphire Preferred vs Capital One Venture Rewards

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This article was last updated Oct 07, 2019. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you’re in the market for a travel rewards credit card, the Chase Sapphire Preferred® Card and the Capital One® Venture® Rewards Credit Card are two cards that should be at the top of your list.

When deciding between the two, there are several factors to consider, including annual fees, rewards values and transfer options. But, essentially, it comes down to the following:

We review the pros and cons of the Chase Sapphire Preferred® Card and Capital One® Venture® Rewards Credit Card, and show how they stack up side by side.

Comparing the Chase Sapphire Preferred® Card and Capital One® Venture® Rewards Credit Card

The Chase Sapphire Preferred® Card and Capital One® Venture® Rewards Credit Card both offer generous sign-up bonuses, solid rewards rates and a variety of travel benefits. See how the cards compare in the table below.

Chase Sapphire Preferred® Card vs. Capital One® Venture® Rewards Credit Card

Chase Sapphire Preferred® Card Capital One® Venture® Rewards Credit Card
Intro bonus Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®. Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months
Rewards rate 2X points on travel and dining at restaurants, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases worldwide. 2 Miles per dollar on every purchase, every day
Intro APR on purchases N/A N/A
Regular purchase APR 15.99% - 22.99% Variable 17.24% - 24.49% (Variable)
Annual fee $95 $95
Foreign transaction fees $0 None

Read on to see the pros and cons of each card.

Chase Sapphire Preferred® Card pros and cons

  • 80,000 bonus points

  • 2X points on travel and dining at restaurants, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases worldwide.

  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.

Highlights
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

See additional details for Chase Sapphire Preferred® Card

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Pros

Valuable sign-up bonus. Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.

Typically, points are valued at 1 cent each – making the sign-up bonus worth $800 when redeemed for cash, gift cards and more. However, when you redeem your points for airfare, hotels, car rentals or cruises through Chase Ultimate Rewards®, the value of each point increases to 1.25 cents — making the sign-up bonus worth $1,000 toward travel.

Bonus points on travel and dining. Cardholders earn 2X points on travel and dining at restaurants, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases worldwide.

The travel category includes airlines, discounted travel sites, hotels, car rental agencies, timeshares, cruise lines, taxis, ferries, trains, buses, limousines, toll bridges, parking lots and more. The restaurant category includes sit-down or eat-in dining locations, such as fast-food restaurants and fine dining establishments.

Transfer points at a 1:1 rate. You can transfer Chase Ultimate Rewards points at a rate of 1:1 to 10 airline partner programs and three hotel partners. Travel transfer partners include Aer Lingus AerClub, British Airways Executive Club, Emirates Skywards, Flying Blue AIR FRANCE KLM, Iberia Plus, JetBlue TrueBlue, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, IHG Rewards Club, Marriott Bonvoy and World of Hyatt.

Additional benefits. The Chase Sapphire Preferred® Card comes with a number of benefits, including no foreign transaction fees, trip cancellation/interruption insurance, baggage delay insurance, trip delay reimbursement, purchase protection, extended warranty protection and more.

Cons

Annual fee. The Chase Sapphire Preferred® Card comes with a $95 annual fee.

Limited bonus categories. The Chase Sapphire Preferred® Card only offers bonus points on travel and dining purchases. Everyday purchases, such as gas and groceries, only earn 1 point per dollar spent.

Capital One® Venture® Rewards Credit Card pros and cons

  • Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months

  • 2 Miles per dollar on every purchase, every day

  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®

Highlights
  • Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Redeem on travel—from vacation rentals to car rentals and more. Plus transfer your miles to over 10+ travel loyalty programs
  • No foreign transaction fees

See additional details for Capital One® Venture® Rewards Credit Card

More Info

Pros

Simple rewards structure. The Capital One® Venture® Rewards Credit Card offers a simple, straightforward approach to earning rewards, as cardholders earn 2 miles per dollar on every purchase, every day.

Sign-up bonus. Capital One® Venture® Rewards Credit Card members earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3000 on purchases in the first 3 months

Each mile is valued at 1 cent, making the sign-up bonus worth $500 if you max out the $3,000 spend requirement in the first three months of card membership, and $1,000 if you max out the $20,000 spend requirement in the first 12 months.

Global Entry/TSA Precheck credit. Every four years, the Capital One® Venture® Rewards Credit Card offers a $100 credit for your Global Entry application or an $85 credit for your TSA Precheck application.

Additional benefits. The Capital One® Venture® Rewards Credit Card comes with a variety of perks, including no foreign transaction fees, travel accident insurance, extended warranty, 24-hour travel assistance services, auto rental collision damage waiver and more.

Cons

Limited travel transfer partners. Although the Capital One® Venture® Rewards Credit Card offers more airline transfer partners than the Chase Sapphire Preferred® Card (15 compared with 10), the list does not include major airlines, such as United Airlines, British Airways or Southwest Airlines. The Capital One® Venture® Rewards Credit Card also doesn’t offer hotel transfer partners.

While you are limited to where you can transfer miles, you can use your miles to book any airline, with no seat restrictions or blackout dates. You can also redeem miles for car rentals, hotels, ride-sharing apps, cruises and more.

No introductory APR offer. Like the Chase Sapphire Preferred® Card, the Capital One® Venture® Rewards Credit Card does not offer a 0% introductory APR on purchases. If you’re planning to finance a vacation or another large purchase, this card is not ideal, since you’ll incur interest charges of 17.24% - 24.49% (variable) if you don’t pay your bill in full each month.

Annual fee. The Capital One® Venture® Rewards Credit Card charges an annual fee of $95.

Which credit card is best for me?

Ultimately, the right card for you comes down to what you want to get out of the card.

If you want to get the most value from your rewards, the Chase Sapphire Preferred® Card is the best option, since you can get 25% more value in rewards value when you redeem points for travel through Chase Ultimate Rewards. Plus, you can transfer miles at a 1:1 rate to a number of airline and hotel transfer partners.

But if you want more flexibility in how you earn rewards, the Capital One® Venture® Rewards Credit Card is the better choice, since the card offers an elevated rewards rate on every purchase.

Or, instead of choosing between the cards, why not get both? You can use the Capital One® Venture® Rewards Credit Card for everyday purchases and hotel bookings, and the Chase Sapphire Preferred® Card for dining and travel purchases.


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