Citi Premier® Card vs. Capital One Venture Rewards Credit Card [2024]: Close, but the Venture Wins

CREDIT CARDS - TRAVEL CREDIT CARDS
We think the Capital One Venture is the better card, but the Citi Premier isn’t far behind. (Citi is a FinanceBuzz partner.)
Updated Feb. 9, 2024
Fact checked
woman hiking in the mountains

We receive compensation from the products and services mentioned in this story, but the opinions are the author's own. Compensation may impact where offers appear. We have not included all available products or offers. Learn more about how we make money and our editorial policies.

We recommend the Capital One Venture Rewards Credit Card over the Citi Premier® Card in most situations because it has a simple rewards rate and more useful travel benefits for frequent travelers.

The Citi Premier could be a good choice if your spending habits align with its rewards categories, but we think the Capital One Venture is the more valuable card overall.

Dig into the details of our Citi Premier vs. Capital One Venture card comparison to see which option is the best fit for you.

In this article

Key takeaways

  • We recommend the Capital One Venture over the Citi Premier because it has a simple and appealing rewards rate, more travel benefits, and useful travel protections.
  • We think the Citi Premier could be a better choice if your spending habits align with its bonus categories.

Citi Premier vs. Capital One Venture comparison

Citi Premier® Card

Citi Premier® Card

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Card type Travel Travel
Credit card issuer Citi Capital One
Credit card network Mastercard Visa
Annual fee $95 $95
Welcome offer Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening; Plus, for a limited time, earn a total of 10 ThankYou® Points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel℠ portal through June 30, 2024 Earn a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening
Earning rate 3X points at restaurants, supermarkets, gas stations, air travel and hotels; and 1X points on all other purchases 2 miles per dollar on every purchase, every day and 5 miles per dollar on hotels and rental cars booked through Capital One Travel
Redemption methods
  • Travel
  • Transfer partners
  • Gift cards
  • Cash-related redemptions
  • Shopping
  • Charitable contributions
  • Sharing rewards points
  • Travel
  • Transfer partners
  • Cover past travel purchases
  • Mailed check
  • Statement credit
  • Gift cards
Travel perks
  • 24/7 concierge
  • $100 off a single hotel stay of $500 or more through thankyou.com each calendar year
  • 24/7 concierge1
  • Up to $100 credit for Global Entry or TSA PreCheck every four years
  • Two free lounge visits per year to Capital One or Plaza Premium Lounges
  • Auto rental collision damage waiver
  • Lost luggage reimbursement
  • Travel accident insurance
  • Roadside dispatch
  • Travel and emergency assistance services
Other benefits
  • Citi Entertainment
  • Purchase protection
  • Extended warranty coverage
  • Capital One Entertainment
  • Purchase security
  • Extended warranty protection
Foreign transaction fee None None
Credit needed Excellent, Good Excellent, Good
Read full review Read full review

Our verdict

  • It’s a close call, but we recommend the Capital One Venture over the Citi Premier because of its simple rewards rate, as well as better travel benefits and protections.

Citi Premier benefits and drawbacks

Pros Cons
  • Elevated earning on common purchases
  • $100 off a single hotel stay of $500 or more through thankyou.com each calendar year
  • No foreign transaction fees
  • $95 annual fee
  • No travel protections

The Citi Premier has a $95 annual fee and no travel insurance benefits, which is a negative if you’re a frequent traveler. But you can count on having no foreign transaction fees and earning bonus points on common categories, including 3X points at restaurants, supermarkets, gas stations, air travel and hotels; and 1X points on all other purchases.

In addition, you can take advantage of the annual hotel savings benefit of $100 off a single hotel stay of $500 or more each calendar year through thankyou.com. That could be especially useful if you typically have a trip planned each year with sizable hotel costs.

Read our Citi Premier review.

Capital One Venture benefits and drawbacks

Pros Cons
  • Simple rewards rate
  • Up to $100 credit for Global Entry or TSA PreCheck every four years
  • No foreign transaction fees
  • $95 annual fee
  • Limited bonus categories

The Capital One Venture Rewards has a $95 annual fee and limited spending categories. That means you don’t have many options to earn increased rewards on certain purchases, such as gas or groceries.

But you can still benefit from a simple rewards rate of 2 miles per dollar on every purchase, every day and 5 miles per dollar on hotels and rental cars booked through Capital One Travel. You also don’t have to worry about foreign transaction fees, and you can take advantage of receiving up to $100 fee credit for Global Entry or TSA PreCheck every four years.

Read our Capital One Venture review.

What both cards excel at

The Citi Premier and Capital One Venture Rewards share a few benefits.

  • Welcome offers: As a new cardholder with either card, you have the opportunity to earn a welcome offer.
  • No foreign transaction fees: You don’t have to pay foreign transaction fees on applicable purchases with either card.
  • Annual fees: The Citi Premier has a $95 annual fee and the Capital One Venture has a $95 annual fee, which are quite reasonable compared to other travel rewards cards with fees over $500 per year.
  • Purchase protections: Both cards provide purchase and extended warranty protections on eligible items.
  • Redemption options: You have a variety of options for redeeming points or miles through either card’s rewards program. Specifically, you can use Citi ThankYou Points or Capital One miles for travel through their respective travel portals, transfers to travel partners, cashback redemptions, and more.

4 important differences between Citi Premier and Capital One Venture

The Citi Premier and Capital One Venture have a few important differences that could help you decide on one over the other.

1. Rewards rates

The Citi Premier provides 3X points at restaurants, supermarkets, gas stations, air travel and hotels; and 1X points on all other purchases.

The Capital One Venture provides 2 miles per dollar on every purchase, every day and 5 miles per dollar on hotels and rental cars booked through Capital One Travel.

The Citi Premier seems like it has the better earning potential, but it really depends on your spending habits. Overall, we think the Capital One Venture is a better fit for most people because you earn at least 2 miles per dollar on every purchase, every day. That makes it simple for earning rewards on any eligible purchase, no matter the category.

Winner: Capital One Venture because it has a simple rewards rate that could work for more people.

2. Travel protections

The Citi Premier doesn’t have any travel insurance benefits, while the Capital One Venture provides:

  • Travel and emergency assistance services
  • Roadside dispatch
  • Auto rental collision damage waiver
  • Lost luggage reimbursement
  • Travel accident insurance

If you’re a frequent traveler, it could make a huge difference when you book trips with a card that provides certain types of travel coverage.

Winner: Capital One Venture because it has travel insurance benefits.

3. Travel benefits

The Citi Premier has these travel benefits.

  • 24/7 concierge
  • Hotel credit of $100 off a single hotel stay of $500 or more through thankyou.com each calendar year

The Capital One Venture has these travel benefits.

  • 24/7 concierge
  • Up to $100 credit for Global Entry or TSA PreCheck every four years
  • Two free lounge access visits per year to Capital One or Plaza Premium Lounges

Whether a travel benefit is valuable is highly dependent on the person and their travel habits. But the Capital One Venture has more benefits than the Citi Premier, and we think the Venture benefits are likely to be more useful for a wider range of people.

After all, most travelers can at least take advantage of the up to $100 credit for Global Entry or TSA PreCheck. Not everyone is spending $500 or more on a single hotel stay, and you have to book through thankyou.com for that benefit, which limits its usefulness.

Winner: Capital One Venture because it has more travel benefits, and they’re likely better for a wider audience.

4. Transfer partners

Both the Citi Premier and Capital One Venture provide you with a points transfer redemption option to move points from the credit card loyalty program to airline partners and hotel transfer partner programs.

The Citi Premier provides access to these Citi transfer partners.

  • Aeromexico
  • Air France Flying Blue
  • ALL Accor Live Limitless
  • Avianca
  • Cathay Pacific
  • Choice Privileges
  • Emirates Skywards
  • Etihad Guest
  • EVA Air Infinity MileageLands
  • Hotel Leaders Club
  • JetBlue TrueBlue
  • Qantas Frequent Flyer
  • Qatar Privilege Club
  • Shop Your Way
  • Singapore Airlines KrisFlyer
  • Thai Royal Orchid Plus
  • Turkish Airlines Miles & Smiles
  • Virgin Atlantic Flying Club
  • Wyndham Rewards

The Capital One Venture provides access to these Capital One transfer partners.

  • AeroMexico Club Premier
  • Air France KLM Flying Blue
  • Accor Live Limitless
  • Avianca LifeMiles
  • British Airways Executive Club
  • Cathay Pacific Asia Miles
  • Choice Privileges
  • Emirates Skywards
  • Etihad Guest
  • EVA Air
  • Finnair Plus
  • Qantas Frequent Flyer
  • Singapore Airlines KrisFlyer
  • TAP Miles&Go;
  • Turkish Airlines Miles&Smiles;
  • Virgin Red
  • Wyndham Rewards

There’s no definite winner here because it depends on your travel preferences. Also, Citi and Capital One share many of the same transfer partners.

Winner: It’s a tie because the better set of transfer partners depends on your travel preferences.

Which credit card should you choose?

When you should choose Citi Premier

  • You already have a relationship with Citibank.
  • Your spending habits align with the Citi Premier rewards rate.
  • You prefer Citi transfer partners.
  • You prefer the Citi Premier travel benefits.

When you should choose Capital One Venture

  • You already have a relationship with Capital One.
  • You want a simple rewards rate.
  • You prefer Capital One transfer partners.
  • You prefer the Capital One Venture travel benefits.
  • You want travel insurance benefits.

What factors to consider before choosing

The Citi Premier makes sense if you already have a relationship with Citibank since that could help you get approved. The Premier also has a better rewards rate than the Capital One Venture if your spending habits align with its bonus categories.

But for frequent travelers, we think the Capital One Venture is the better option because it has more travel benefits, including travel protections. It’s hard to overstate how valuable credit card travel insurance could be if you end up in a situation where you might have to file a claim. It could end up saving you hundreds of dollars or more.

In addition, the Capital One Venture makes it easy to earn rewards on any eligible purchase, regardless of the category. Most purchases will earn the same rate, so there’s no extra worry about making sure you’re using your card on the “right” purchases.

FAQ

Is Citibank better than Capital One?

Both Citibank and Capital One provide different types of credit cards, but Capital One generally has a better selection because there are more cards to choose from. This could make it easier for you to find credit cards that align with your personal finance goals and spending habits.

Is it hard to get approved for Citi Premier?

It could be hard to get approved depending on your credit score. You typically need a good or excellent credit score to qualify for the Citi Premier, which is at least a 670 on the FICO scoring model. Keep in mind that credit card issuers use multiple factors to determine your eligibility, and your credit score is only one of those factors.

Is the Citi Premier card worth it?

The Citi Premier is worth it for many frequent travelers because it provides elevated rewards on common purchases, including 3X points at restaurants, supermarkets, gas stations, air travel and hotels; and 1X points on all other purchases. You can use any rewards you earn to help offset travel costs for airfare, hotel stays, cruises, and more.

Citi Premier vs. Capital One Venture: bottom line

We generally recommend the Capital One Venture over the Citi Premier because of its simple rewards rate, additional travel benefits, and the fact it provides useful travel protections.

The Citi Premier is still an excellent choice, especially if your spending habits align with its bonus categories. But we think the Capital One Venture likely makes sense for more people, especially if you travel frequently (or even just occasionally).

For our top travel credit card offers, check out our list of the best travel credit cards.

Easy-to-Earn Unlimited Rewards

Benefits

Card Details

  • Earn 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
  • Earn 1.5 points per $1 spent on all purchases
  • Longer intro APR on qualifying purchases and balance transfers
  • No foreign transaction fees
  • Apply Now
  • Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
  • 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
  • Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
  • Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
  • If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Bank of <span class='whitespace-nowrap'>America<sup>®</sup></span> Travel Rewards credit card
4.1
Apply Now

on Bank of America’s secure website

Read Card Review

Intro Offer

Earn 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases

Annual Fee

$0

+

Why we like it

Author Details

Ben Walker, CEPF, CFEI® Ben Walker, CEPF, CFEI®, is a Senior Credit Cards Writer at FinanceBuzz. For over a decade, he's leveraged credit card points and miles to travel the world. His expertise extends to other areas of personal finance — including loans, insurance, investing, and real estate — and you can find his insights on The Washington Post, Debt.com, Yahoo! Finance, and Fox Business.

Want to learn how to make an extra $200?

Get proven ways to earn extra cash from your phone, computer, & more with Extra.

You will receive emails from FinanceBuzz.com. Unsubscribe at any time. Privacy Policy

  • Vetted side hustles
  • Exclusive offers to save money daily
  • Expert tips to help manage and escape debt