Find Your Best
Chase Sapphire Preferred Card
vs. Capital One Venture Rewards Credit Card
Updated: June 13, 2024
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The Chase Sapphire Preferred Card and Capital One Venture Rewards Credit Card have similar features, including a welcome bonus of 60,000 points, an annual fee of $95 and no foreign transaction fees.
To establish the best card for your needs, you can compare the cost, features and benefits of Chase Sapphire Preferred Card and Capital One Venture Rewards Credit Card. For instance, the Capital One Venture Rewards Credit Card offers better rewards and more flexible redemption methods. In contrast, the Chase Sapphire Preferred Card provides you with more travel benefits, such as better insurance coverage.
Comparison Overview: Chase Sapphire Preferred Card vs. Capital One Venture Rewards Credit Card
- Chase Sapphire Preferred CardCapital One Venture Rewards Credit Card
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
Chase Sapphire Preferred Card At a Glance
The Chase Sapphire Preferred Card credit card is a good option for frequent travelers who wish to earn unlimited rewards on their purchases. Cardholders can redeem their points for travel, gift cards or in the form of cash. The card also has a generous welcome offer of 60,000 points for cardholders who spend at least $4,000 within three months of opening the account — that’s equivalent to over $750 toward travel if redeemed through Chase Travel℠. The annual fee for the card is $95.
- Chase Sapphire Preferred Card
A very good rewards card with no foreign transaction fees and comprehensive travel cover
- 1–5 Points per $1Rewards Rate
- 21.49%–28.49% VariableAPR
- $95Annual Fee
- 670–850 (Good to Excellent)Recommended Credit
Pros
- Generous new cardholder bonus
- High rewards on travel and dining
- No foreign transaction fees
- With travel insurance and benefits
- Flexible rewards redemption options
Cons
- With annual fee applies
- High credit requirement
- Rewards program can be complex
- Potentially high APR
- You can earn 60,000 bonus points after spending $4,000 on purchases within the first three months from account opening. This amounts to $750 when redeemed through Chase Travel℠.
- Enjoy benefits such as earning 5x points on travel purchased through Chase Travel℠, 3x points on dining, select streaming services, and online groceries, 2x points on all other travel purchases, and 1x points on all other purchases. Additionally, receive a $50 annual Chase Travel Hotel Credit and more.
- Get 25% more value when you redeem points for airfare, hotels, car rentals, and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
- Count on valuable protections such as Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance, and more.
- Enjoy complimentary access to DashPass, which provides $0 delivery fees and reduced service fees for a minimum of one year when activated by December 31, 2024.
- The card's issuer is an FDIC member.
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Capital One Venture Rewards Credit Card At a Glance
The Capital One Venture Rewards Credit Card provides you with unlimited rewards redeemable in various ways, including transfers to loyalty programs. The card has an annual fee of $95 and no international transaction fees. Cardholders who spend at least $3,000 on purchases within three months receive an early spend bonus of 60,000 points. They can also add an authorized user to the card at no additional fee.
- Capital One Venture Rewards Credit Card
Strong entry-level travel card with high rewards rates
- 2-5 milesRewards Rate
- 19.99% – 29.99% VariableAPR
- $95Annual Fee
- Good–ExcellentRecommended Credit
Pros
- Unlimited miles on select travel and everyday expenses
- Generous welcome offer
- Flexible redemption options
- No foreign transaction fees
- Global Entry/TSA PreCheck application credit
Cons
- Annual fee
- Significant spend requirement for welcome offer
- Minimal travel perks
- Limited-time offer! Earn 75,000 miles once you spend $4,000 on purchases within the first 3 months of account opening, plus receive a one-time $250 Capital One Travel credit in your first cardholder year – that’s equal to $1,000 in travel
- Earn 2X miles on every purchase, every day.
- Earn 5X miles on hotels and rental cars booked through Capital One Travel.
- Miles won't expire for the life of the account; there's no limit to how many you can earn and no blackout dates.
- Receive up to a $100 credit for Global Entry or TSA PreCheck®.
- Enjoy two complimentary visits per year to Capital One Lounges or 100+ Plaza Premium Lounges through the Partner Lounge Network.
- Use your miles to get reimbursed for any travel purchase or redeem by booking a trip through Capital One Travel.
- Transfer your miles to your choice of 15+ travel loyalty programs.
Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Comparison Summary
MoneyGeek compared the differences between the Chase Sapphire Preferred Card and Capital One Venture Rewards Credit Card. You can use our breakdown to determine the better travel rewards card for your needs.
Card Detail | Comparison Summary |
|---|---|
Rewards | Both cards offer generous rewards to cardholders. With Chase Sapphire Preferred Card, you will earn 5X points on Chase Travel℠ (excluding hotel purchases that qualify for the $50 Anniversary Hotel Credit), 3X points at restaurants, select streaming services and online grocery purchases (excluding Target, Walmart and wholesale clubs), 2X points on all other travel purchases and 1X points on general purchases. With the Capital One Venture Rewards Credit Card Rewards card, you will receive 2X miles per dollar spent on all purchases and 5X miles on hotel and rental car purchases made through Capital One Travel. You also get a $100 statement credit for Global Entry/TSA PreCheck fees once every four years. The card also grants access to various sports, dining and music events. Winner: Capital One Venture Rewards Credit Card Rewards |
Welcome Bonus | Both the Chase Sapphire Preferred Card and Capital One Venture Rewards Credit Card Rewards provide new cardholders with a welcome offer. Chase Sapphire Preferred Cardholders earn 60,000 points if they spend $4,000 in the first three months. However, Capital One Venture Rewards Credit Card Rewards cardholders get 60,000 points if they spend $3,000 within the same duration. Winner: Tie |
Travel Coverage and Purchase Protection | If you have the Chase Sapphire Preferred Card, you will receive travel protection such as rental car insurance, baggage delay insurance, trip delay reimbursement, trip cancellation insurance plus other travel and emergency assistance services. Additionally, you will get purchase protection and extended warranty protection to safeguard your purchases. With the Capital One Venture Rewards Credit Card Rewards card, you will also receive travel accident insurance, rental car insurance and extended warranty protection. You will also get $0 fraud liability protection against unauthorized purchases. Winner: Chase Sapphire Preferred Card |
Transaction fees | Both the Chase Sapphire Preferred Card and Capital One Venture Rewards Credit Card Rewards feature cash advance and balance transfer fees. The Chase Sapphire Preferred Card has a cash advance rate of $10 or 5% of the transaction amount, plus a balance transfer fee of $5 or 5% of the transfer amount, whichever is greater. The Capital One Venture Rewards Credit Card Rewards has a cash advance rate of $10 or 3% of the amount, whichever is greater. Additionally, cardholders pay 3% of each amount as the balance transfer fee. Winner: Capital One Venture Rewards Credit Card Rewards |
Transfer Partners | Both cards allow you to transfer points to external partners. However, the Capital One Venture Rewards Credit Card Rewards card has fewer partners, including AerClub, British Airways Executive Club, Emirates Skywards, JetBlue TrueBlue, Singapore Airlines KrisFlyer, Virgin Atlantic Flying Club, IHG Rewards Club, Marriott Bonvoy and World of Hyatt. On the other hand, Chase Sapphire Preferred Card has many more partners, including Accor Live Limitless, Aeromexico Club Premier, Air France KLM Flying Blue, Air Canada Aeroplan, Asia Miles, Avianca LifeMiles, British Airways Avios, Emirates Skywards, Etihad Guest, Infinity MileageLands, Finnair Plus, Qantas Frequent Flyer, Singapore Airlines KrisFlyer, TAP Air Portugal Miles&Go and Turkish Airlines Miles&Smiles. Winner: Chase Sapphire Preferred Card |
Which Card Should You Get?
When choosing between the Chase Sapphire Preferred Card and Capital One Venture Rewards Credit Card, it is advisable to consider your spending habits and needs.
Who Should Consider the Chase Sapphire Preferred Card?
The Chase Sapphire Preferred Card is a solid travel credit card for individuals who wish to earn generous rewards and redeem them in a wide variety of ways. The card has an annual fee of $95 and no international transaction fees, making it ideal for frequent travelers.
International travelers will benefit from the card’s generous rewards and flexible redemption options, including a $50 statement credit every account anniversary for hotel stays booked through Chase Travel℠.
Those who wish to break up large card purchases into monthly payments without paying additional interest fees would benefit from the My Chase Plan.
≫ More: Read Our Full Review
Who Should Consider the Capital One Venture Rewards Credit Card?
The Capital One Venture Rewards Credit Card is best suited for those seeking to earn travel rewards on purchases. This card also has a $95 annual fee and no international transaction fees.
Individuals who want to earn unlimited rewards and spend these directly on travel can transfer their points to external partners.
Travelers who book hotels and use rental car services frequently will rack up 5X miles per dollar on these purchases when made through Capital One Travel.
≫ More: Read Our Full Review
EXPERT OPINION
These two cards are close competitors as they offer similar benefits and features. However, the Chase Sapphire Preferred Card offers slightly better benefits as you can earn more than 2x miles per dollar on several popular categories. Additionally, the card offers a comprehensive travel insurance policy for all cardholders.
Other Helpful Decision-Making FAQs
Because information is vital in selecting the best credit card for your needs, MoneyGeek responds to these commonly asked questions about the Chase Sapphire Preferred Card vs. Capital One Venture Rewards Credit Card to help you make the best choice.
Is the Chase Sapphire Preferred Card better than the Capital One Venture Rewards Credit Card?
The better choice between the two cards solely depends on your needs. But in most use cases, the Chase Sapphire Preferred Card will be the better choice.
Can you get the Chase Sapphire Preferred Card if you have the Capital One Venture Rewards Credit Card?
Yes. If you believe that both travel credit cards are beneficial to you, you can open both accounts.
Can you transfer points from the Chase Sapphire Preferred Card to the Capital One Venture Rewards Credit Card?
The Chase Sapphire Preferred Card participates in the Ultimate Rewards Program, which allows you to transfer cards to external partners. However, you cannot transfer points from the Chase Sapphire Preferred Card to the Capital One Venture Rewards Credit Card. Instead, you can transfer the points to a travel program that’s accepted by both cards.
Can you switch from the Chase Sapphire Preferred Card to the Capital One Venture Rewards Credit Card?
Yes, you can switch from Chase Sapphire Preferred Card to Capital One Venture Rewards Credit Card. However, you will not be able to transfer your points directly to the card unless you do this through a travel program shared by both cards.
What’s harder to get, the Chase Sapphire Preferred Card or the Capital One Venture Rewards Credit Card?
Chase Sapphire Preferred Card may be more difficult to get because you need to have excellent credit for your application to go through, whereas Capital One Venture Rewards Credit Card requires a good to excellent credit score.
How much do you have to spend for the Chase Sapphire Preferred Card vs. the Capital One Venture Rewards Credit Card to get the welcome bonus?
Both cards offer an early spend bonus of 60,000 points earned within three months. However, for the Chase Sapphire Preferred Card, you must spend at least $4,000 within these months to get the bonus, compared to $3,000 for Capital One Venture Rewards Credit Card.
Still Not Sure About These Cards? Consider These Options
The Chase Sapphire Preferred Card and Capital One Venture Rewards Credit Card are excellent cards for international travelers interested in valuable rewards. If you’re not satisfied with the features of the two cards, you may consider checking out other recommended travel and rewards cards.
Learn more about credit cards in general
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About Doug Milnes, CFA
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.
Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
sources
- Chase Bank. "Chase Sapphire Preferred Card Credit Card." Accessed January 9, 2022.
- Capital One. "Venture Rewards from Capital One." Accessed January 9, 2022.
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.