Having competitive travel credit cards in your wallet can help you stay financially savvy while on the go. Although there are many options available on the market, the Chase Sapphire Preferred and Capital One Venture Rewards Credit Card come highly rated by frequent travelers.
Capital One Venture vs. Chase Sapphire Preferred
These two cards have very similar attributes as far as premium travel rewards cards go. Here’s the breakdown:
|Welcome bonus||Earn 60,000 bonus miles after spending $3,000 in the first 3 months of account opening||Earn 60,000 points after spending $4,000 on purchases in the first 3 months of account opening|
|Earning rate||2X miles on every purchase, every day||5X on Lyft rides, 2X points on eligible dining and travel, and 1X points per $1 on all other eligible purchases|
|Redemption rate||One mile is generally worth one cent||One point is generally worth one to 1.25 cents|
|Foreign transaction fee||None||None|
|Authorized user fee||None||None|
|Learn how to apply||Learn how to apply|
4 key differences between the Chase Sapphire Preferred and Capital One Venture
There are a few differences between the Capital One Venture vs. Chase Sapphire Preferred cards that you should know.
1. Welcome offer
A juicy bonus offer is an easy attention-getter. The Chase Sapphire Preferred offers a generous 60,000 bonus points after spending $4,000 within the first 3 months of opening a new account. When used for travel via the Chase Ultimate Rewards travel portal, the bonus is valued at $750.
Capital One Venture’s early spend bonus, on the other hand, offers a 60,000-mile bonus when you spend $3,000 within the first 3 months of opening a new account. When redeemed, those Capital One miles are worth $500.
If you break it down further, with the Chase Sapphire Preferred you’ll get a bonus reward valued at $250 more than the Venture, but you’ll need to spend another $1,000 on the Preferred card to earn it.
2. Earning rates
In terms of earning rewards, Chase Sapphire Preferred offers jet-setting cardholders 5X on Lyft rides, 2X points on eligible dining and travel, and 1X points per $1 on all other eligible purchases.
But Capital One Venture offers a higher rate on everyday purchases and there are no bonus categories to keep track of. Users can earn 2X miles on every purchase, every day.
3. Redemption options
The Capital One Venture credit card allows you to redeem miles for travel in two ways: either through the Purchase Eraser (more on that later) or when you book travel through the Rewards Center and pay with your miles. You can also redeem miles for cash (sent as a check), statement credit, gift cards, merchandise, and more through the Rewards Center.
Chase Sapphire Preferred cardholders can also redeem points for travel through Ultimate Rewards. You also have the option of redeeming points for cash back, gift cards, products, services offered through the program, and using your points to pay on Amazon.
Both cards allow you to transfer rewards to their respective loyalty program partners, which provides great flexibility when redeeming rewards for travel. The two rewards programs, however, have different travel partners.
|Chase Sapphire Preferred partners||Capital One Venture partners|
|Airline partners||Airline partners|
|Aer Lingus, AerClub||Aeromexico Club Premier|
|British Airways Executive Club
||Air Canada Aeroplan|
|Emirates Skywards||Flying Blue Air France-KLM|
|Flying Blue Air France-KLM
||Alitalia MilleMiglia Program|
|Singapore Airlines KrisFlyer
|Southwest Airlines Rapid Rewards
||Etihad Airways Etihad Guest|
||EVA Air Infinity MileageLands|
|Virgin Atlantic Flying Club
||Hainan Airlines Fortune Wings Club|
|IHG Rewards Club
||Qantas Frequent Flyer|
|World of Hyatt||Qatar Airways Privilege Club|
|Singapore Airlines KrisFlyer|
Aside from four airline programs (Emirates Skywards, FlyingBlue Air France-KLM, JetBlue TrueBlue, and Singapore Airlines KrisFlyer), Capital One and Chase have completely different airline partners. Also, the Chase Sapphire Preferred allows you to transfer points to several hotel loyalty programs while the Capital One Venture does not.
When transferring rewards to a partner program, Chase Sapphire Preferred points transfer at a 1:1 value. For the Capital One Venture, the value of your transferred miles varies depending on the loyalty program you’re sending your rewards to. Before you finalize the transfer, the Rewards Center confirmation screen will show you exactly what the conversion is worth for the receiving program.
4. Travel perks
One of the most notable differences between the two cards is their travel benefits. The Chase Sapphire Preferred offers a longer list of travel protection for the unexpected, like trip and baggage delays as well as travel cancellation/interruption insurance. Depending on where you're traveling, you may also count this card's DoorDash DashPass benefits as a travel perk as well. Normally $9.99 per month, DashPass gets you free delivery and reduced service fees on eligible orders over $12.
The Capital One Venture, however, provides a golden ticket through TSA PreCheck lanes. This card is also particularly useful if you need to make travel purchases outside of its rewards portal. Thanks to its handy Purchase Eraser tool, you can redeem miles for any travel purchases you made on your card in the past 90 days. Simply log into your Capital One account to select the travel purchase you’d like to “erase,” and you can redeem your miles for credit toward the travel purchase.
In order to access a TSA PreCheck credit through a Chase card, you’d need to opt for its highest-tier Sapphire Reserve, which comes with a hefty annual fee of $550 .
The auto rental collision damage waiver protection between each card also varies. The Chase Sapphire Preferred pays for rental car theft or damage through primary car rental insurance coverage, which means you don’t have to go through your personal auto insurance company.
The Capital One Venture, however, provides secondary auto rental insurance benefits. With secondary auto rental insurance, you’ll need to file a claim with your auto insurance company first, and then Capital One will cover the remaining costs from theft or damage.
Which is better, the Capital One Venture or the Chase Sapphire Preferred?
Which is the better card between the Capital One Venture and the Chase Sapphire Preferred depends on what you’re looking for. For instance, if you are loyal to a certain issuer's transfer partners, you'll want to consider that before you apply for a card. Also, if you already have a preference for either Venture miles or Chase Ultimate Rewards points, it likely makes sense to choose the card that earns points in that program.
The Capital One Venture could have higher earning potential with its unlimited rate of 2X miles on every purchase, every day. It also offers up to $100 credit for Global Entry or TSA PreCheck application fees. Yet the Chase Sapphire Preferred provides 25% more value on your points redemptions for travel booked through the Chase portal, which can be especially helpful if you also use other Chase credit cards.
Is the Capital One Venture worth it?
The Capital One Venture is worth it if you’ll get value from its rewards and benefits. This is one of the best travel credit cards because of its high earning potential, low $95 annual fee, and useful benefits. This includes up to a $100 fee reimbursement for Global Entry or TSA PreCheck, points transfer options to over 10 travel loyalty programs, and different types of travel insurance.
Does the Chase Sapphire Preferred give you airport lounge access?
The Chase Sapphire Preferred doesn’t include complimentary airport lounge access as one of its offered benefits. If you want access to airport lounges while traveling, consider cards like the Chase Sapphire Reserve or The Platinum Card from American Express. The Sapphire Reserve offers free Priority Pass lounge access while the Amex Platinum offers both Priority Pass and Amex Centurion Lounge access.
What credit score do you need for the Capital One Venture card?
You likely need a good or excellent credit score to qualify for the Capital One Venture Credit Card. Good credit scores typically start above 660 while excellent credit scores are often above 780. However, credit scores can vary based on the scoring model, and Capital One may also take into account other factors affecting your creditworthiness when considering your application.
What credit score do you need for the Chase Sapphire Preferred card?
You typically need a good or excellent credit score to qualify for the Chase Sapphire Preferred. Good credit scores generally start at 660, and excellent credit scores are typically 780 or above. However, credit scores can vary based on the scoring model. Keep in mind that Chase may also consider credit factors other than your credit score when reviewing your credit card application.
Which card is best for you?
Identifying which is the best travel credit card for your travel needs really depends on, well, your preferences.
- Consider the kind of traveler you are: Do you prefer the peace of mind of knowing you’re covered during worst-case travel “what ifs,” or do you prefer on-the-spot travel convenience of TSA PreCheck for future trips?
- Loyalty program preferences: If you’re already an avid member of another loyalty program or would like to start by transferring earned welcome bonus rewards, note which of the two cards partners with your preferred program.
- How you like to use your card: Aside from the immediate perks of opening a new rewards card account, ask yourself which card makes sense for your day-to-day spending habits. Are you looking for a no-fuss card that makes earning points straightforward with a flat earnings rate? Or are you OK with having a few cards in your rotation, depending on your purchase type?
Take an honest assessment of the travel perks each credit card offers along with your earning and redemption preferences to make a decision that’s right for you. Either way, both credit cards come with features that are highly rated overall.
#1 Travel Rewards Card
- 60,000 point sign-up bonus
- Up to $50 statement credit for grocery store purchases
- 2X points on eligible dining and travel purchases
- 25% more value when redeeming rewards for travel through Chase Ultimate Rewards
- Premium travel protection benefits