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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 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel.
Rewards rate 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases. 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 15.99% - 23.99% (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

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

  • 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases

  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.

Highlights
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.

See additional details for Chase Sapphire Preferred® Card

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Pros

Valuable sign-up bonus. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

Typically, points are valued at 1 cent each 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.

Bonus points on travel and dining. Cardholders earn 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases.

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

  • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel

  • 2 Miles per dollar on every purchase, every day

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

Highlights
  • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
  • 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—including flights, vacation rentals, car rentals and more. Plus transfer your miles to over 15+ 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 enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel.

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 (13 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 offers two 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 15.99% - 23.99% (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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