Chase Sapphire Preferred Card vs. Capital One Venture Rewards Credit Card: What's the Best Choice?

Chase Sapphire Preferred Card vs. Capital One Venture Rewards Credit Card: What's the Best Choice?

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When comparing Chase Sapphire Preferred® Card versus Capital One Venture Rewards Credit Card, it’s important to note that both have excellent travel rewards programs, but the choice between them depends on your spending habits and rewards redemption preferences. The Chase Sapphire Preferred® Card offers a bonus on dining and travel purchases and more flexible redemption options. The Capital One Venture Rewards Credit Card, on the other hand, offers high returns on everyday spending

In general, the Capital One Venture Rewards Credit Card is better for the average user because it offers a simple rewards rate — 2 Miles per dollar on every purchase, every day — while the Chase Sapphire Preferred® Card only awards a bonus on certain spending categories.

However, the Chase Sapphire Preferred® Card is the best choice for frequent travelers: It offers a 25% bonus on travel redemptions, so its points are generally more valuable. Finally, the Chase Sapphire Preferred® Card sign-up bonus can provide at least twice the value of the Capital One Venture Rewards Credit Card’s sign-up bonus.

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By highlighting these cards' differences, this guide will help you choose the card that best fits your needs.

Benefits and features: Chase Sapphire Preferred® Card vs. Capital One Venture Rewards Credit Card

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
Annual Fee$95$95
Foreign Exchange Fee$0None
APR15.99% - 22.99% Variable17.24% - 24.49% (Variable)
Earnings Rate2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases worldwide2 Miles per dollar on every purchase, every day
Maximum Point Value1.25 cents per point1 cent per mile
BonusOur best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 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
Bonus Value$1,250$1,000
Full ReviewFull Review
Apply Now
  • On Chase's Secure Website
Apply Now
  • On Capital One's Secure Website

Which card is better for the average user?

Winner: The Capital One Venture Rewards Credit Card

Benefits:

  • Awards 2 Miles per dollar on every purchase, every day. (The Chase Sapphire Preferred® Card only awards 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases worldwide.)
  • In comparing Capital One Venture Rewards Credit Card versus Chase Sapphire Preferred® Card, this card is best for rewarding everyday spending in all categories.

Which card is better for frequent travelers?

Winner: The Chase Sapphire Preferred® Card

Benefits:

  • Great for frequent travelers and those who dine out and order in regularly, as this card offers 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases worldwide.
  • Chase Sapphire Preferred® Card points can become 25% more valuable when redeemed for travel.

Sign-up bonuses: Chase Sapphire Preferred® Card vs. Capital One Venture Rewards Credit Card

While the sign-up bonuses on these cards seem comparable, the Chase Sapphire Preferred® Card bonus offers more value thanks to Chase’s more flexible redemption options.

While the Capital One Venture Rewards Credit Card’s card bonus is worth $600 in travel statement credits, the Chase Sapphire Preferred® Card’s bonus is worth $1,250 when redeemed for travel through Chase Ultimate Rewards® or around $2,000 when transferred to a Chase travel partner.

Chase Sapphire Preferred® Card
Capital One Venture Rewards Credit Card
Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 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
Bonus value: $1,250Bonus value: $600

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

Determining which card is better for you will depend on how much research you’re willing to do in order to maximize your rewards and seek out flexible redemption options. There are generally two categories of cardholders: rewards maximizers and typical users. Depending on which category you fall into, you'll likely prefer one card over the other.

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Rewards maximizers: The Chase Sapphire Preferred® Card

More redemption options and bonus points make the Chase Sapphire Preferred® Card the better option for users who don't mind doing the extra work to maximize their points value.

With the Chase Sapphire Preferred® Card, you'll have the option to transfer your points to several airline and hotel partners. The list includes:

  • Aer Lingus AerClub
  • British Airways Executive Club
  • Flying Blue AIR FRANCE KLM
  • Iberia Plus
  • Korean Air SKYPASS
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club
  • IHG Rewards Club
  • Marriott Rewards
  • The Ritz-Carlton Rewards
  • World of Hyatt

With the Chase Sapphire Preferred® Card, points are transferred on a 1:1 basis, so it's possible to increase the value of your points simply by transferring them to a more valuable rewards program. Even if you don't transfer your points, any travel booked through the Ultimate Rewards portal earns a 25% discount, making each point worth 1.25 cents.

Note that Capital One also offers transfer partners; however, its point transfer program is less flexible: It doesn’t include any major U.S. airlines, and, while it allows you to transfer to some partners at 1:1 ratio, most partners transfer at a lower ratio.

When redeeming your points and miles for cash back, your points are worth 1 cent each with the Chase Sapphire Preferred® Card, while the Capital One Venture Rewards Credit Card only offers you a value of 0.5 cents per mile.

We don't advise using the Capital One Venture Rewards Credit Card for cash back due to its low value. As a matter of fact, among the three major credit card rewards programs — Chase Ultimate Rewards®, American Express Membership Rewards and Citi ThankYou — Chase provides the best cashback redemption value. Therefore, it's better to apply for the Chase Sapphire Preferred® Card if cash back is a feature that you want to take advantage of.

Typical users: The Capital One Venture Rewards Credit Card

Users who don’t want to put the effort of transferring points or using the Ultimate Rewards portal to book travel will be better off with the Capital One Venture Rewards Credit Card.

The card's rewards program offers 2 Miles per dollar on every purchase, every day. This rate ensures you'll receive a solid 2% rewards rate without having to put any thought into your spending categories.

There are two effective ways to redeem your miles: booking travel directly through Capital One or booking it on your own, and then using Purchase Eraser to reimburse yourself in the form of a statement credit.

Which card should you choose: Chase Sapphire Preferred® Card vs. Capital One Venture Rewards Credit Card

Ultimately the Chase Sapphire Preferred® Card seems to offer greater overall value than the Capital One Venture Rewards Credit Card. Though Chase Sapphire Preferred® Card only offers 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases worldwide, while the Capital One Venture Rewards Credit Card offers 2 Miles per dollar on every purchase, every day on all categories, Chase rewards points can be redeemed for a greater value when maximized through their flexible redemption options. Chase also offers a more valuable sign-up bonus.

However, if you’re not interested in spending the time to maximize your points, the Capital One Venture Rewards Credit Card may be a better option for you as you earn the same rate on all purchases without having to think twice about it.

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

Is there a Capital One Venture Rewards Credit Card annual fee?

Yes, there is a $95 Capital One Venture Rewards Credit Card annual fee. The Chase Sapphire Preferred® Card also charges an annual fee of $95. This is important to note when comparing Capital One Venture Rewards Credit Card versus Chase Sapphire Preferred® Card.

How do you get to the Capital One sign in login?

Head to the Capital One website and input your credentials at the top of the page. Then click "sign in" and you’re good to go. Alternatively, you can click the button in the upper right-hand corner that says "sign in." Once there, continue by inputting your username and password and clicking the green sign in button below.

How do you downgrade the Capital One Venture Rewards Credit Card?

In order to downgrade your Capital One Venture Rewards Credit Card, simply call Capital One customer service at 1 (800) 227-4825 and ask for a downgrade. If you no longer want to pay the $95 annual fee, downgrading to a no annual fee Capital One card may be a good option for you.

Is there Capital One purchase insurance?

Yes, with the Capital One Venture Rewards Credit Card, you can receive extended warranty protection on your purchases at no additional charge on eligible items that are purchased with your credit card. You can also get travel accident insurance, which is automatic insurance for a covered loss at no extra charge when you use your credit card to purchase your fare. They also offer an auto rental collision damage waiver, which means that when you rent an eligible vehicle with your credit card, you can be covered for damage due to collision or theft.

Is there a Chase Venture card?

No, there is no such thing as a Chase Venture card or Chase Venture card benefits. However you can compare the Capital One Venture Rewards Credit Card versus Chase Sapphire Preferred® Card and realize that they have relatively similar offers and benefits.

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How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).