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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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While they're two of the best travel rewards cards on the market right now, the Chase Sapphire Preferred® Card narrowly beats out the Capital One Venture Rewards Credit Card with enhanced bonus categories and features.

The Chase Sapphire Preferred® Card appears to offer a lower earning rate than the Capital One Venture Rewards Credit Card, with bonus points on only a handful of categories: 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases. However, Chase rewards points can be redeemed for a greater value than Capital One points. Chase also offers a more valuable sign-up bonus.

On the other hand, 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 2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023, plus 5 miles per dollar on hotels and rental cars booked through Capital One Travel.

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

Chase Sapphire Preferred<sup>®</sup> Card

Chase Sapphire Preferred® Card

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Best for…Frequent travelersEveryday users
First year value$962.12$1,150
Annual fee$95$95
APR18.24% - 25.24% Variable17.49% - 25.49% (Variable)
Earning rate5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023. Plus, earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel.
Estimated point/mile value$0.0125$0.01
Sign-up bonusEarn 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 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
Sign-up bonus value$750$750
Travel credits$50 Annual Ultimate Rewards Hotel CreditUp to a $100 credit for Global Entry or TSA Precheck®
Other benefits
  • 10% anniversary points boost
  • 25% more value when redeemed for travel
  • Extensive travel and purchase protections
  • $0 foreign transaction fees
  • Two free visits to the Capital One Lounge
  • Hertz Five Star status
  • Extensive travel and purchase protections
  • None foreign transaction fees
Full reviewFull review
Apply Now
On Chase's Secure Website
Apply Now
On Capital One's Secure Website

Earning rate

Winner: Capital One Venture Rewards Credit Card

Though the Chase Sapphire Preferred® Card offers more and more inclusive bonus spending categories, the Capital One Venture Rewards Credit Card offers a solid flat rate across all purchases, plus an additional bonus category. By our estimates, the Capital One Venture Rewards Credit Card slightly edges out the Chase Sapphire Preferred® Card, coming in at $265 in value of card ownership after the first year, to the Chase card's $212. See how we calculated these values below.

Earning rate
Chase Sapphire Preferred® Card5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases
Capital One Venture Rewards Credit Card2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023. Plus, earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel.

Sample rewards earned in first year and after first year (based on $18,000 annual credit card spend)

Chase

Capital One

Chase Sapphire Preferred® Card
Value
60,000 bonus points x $0.0125$750.00
$2,895 general dining spend x 3 point bonus x $0.0125$108.56
$780 general travel spend x 2 point bonus x $0.0125$19.50
$14,325 general spend x 1 point bonus x $0.0125$179.06
First year: $750 bonus + $307.12 in points - $95 annual fee$962.12
After first year: $307.12 in points - $95 annual fee$212.12

Chase

Chase Sapphire Preferred® Card
Value
60,000 bonus points x $0.0125$750.00
$2,895 general dining spend x 3 point bonus x $0.0125$108.56
$780 general travel spend x 2 point bonus x $0.0125$19.50
$14,325 general spend x 1 point bonus x $0.0125$179.06
First year: $750 bonus + $307.12 in points - $95 annual fee$962.12
After first year: $307.12 in points - $95 annual fee$212.12

Capital One

Capital One Venture Rewards Credit Card
Value
75,000 bonus points x $0.01$750.00
$2,895 general dining spend x 2 point bonus x $0.01$57.90
$780 general travel spend x 2 point bonus x $0.01$15.60
$14,325 general spend x 2 point bonus x $0.01$286.50
First year: $750 bonus + $360 in points - $95 annual fee$1,150
After first year: $360 in points - $95 annual fee$265

Also, keep in mind that a number of factors can affect the value of these two cards, including:

  • Whether you transfer points to an outside loyalty program — With a stronger set of travel partners, Chase is likely to give you a better earning rate in this case (but it depends on which loyalty programs you favor).
  • Other features on the cards — The Capital One Venture Rewards Credit Card, for example, may be the more valuable option if you prefer a card that offers a Global Entry or TSA Precheck credit.

Sign-up bonus

It's a tie

While the Capital One Venture Rewards Credit Card appears to offer more bonus points than the Chase Sapphire Preferred® Card, the two offers are nearly equal. This is because of the difference in the value of the card's points/miles: Since Chase Sapphire Preferred® Card points are worth $0.0125 each and Capital One Venture Rewards Credit Card miles are worth $0.01 each, the sign-up bonuses are both worth $750.

The one place where the Capital One Venture Rewards Credit Card may have the edge with its sign-up bonus, is for cardholders who intend to transfer points to an outside airline loyalty program (something that both cards allows you to do). In this case, the Capital One Venture Rewards Credit Card's sign-up bonus may take you farther than the Chase Sapphire Preferred® Card's sign-up bonus.

Chase Sapphire Preferred® Card
Capital One Venture Rewards Credit Card
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 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
Bonus value: $750Bonus value: $750

Annual fee

Winner: Capital One Venture Rewards Credit Card

Both cards charge a $95 annual fee, so there is no clear winner in this category. You can determine whether or not each card's annual fee is worth it for you based on the benefits and additional features you're likely to use to weigh the value of the card against its annual fee. Ultimately, if you use all the benefits available for each card, the Capital One Venture Rewards Credit Card comes out on top.

Annual fee vs. value of benefits

Chase Sapphire Preferred® Card
Capital One Venture Rewards Credit Card
Annual fee$95$95
Benefits
  • Sign-up bonus: $1,000
  • Rewards earnings: $307
  • $50 annual Ultimate Rewards hotel credit
  • Sign-up bonus: $750
  • Rewards earnings: $358
  • Global Entry or TSA Precheck®: Up to $100
  • Two free visits to the Capital One Lounge: $130
  • Hertz Five Star status: $100
Net value$1,262$1,438

Rewards redemption

Winner: Chase Sapphire Preferred® Card

Though each card offers several redemption options, consumers looking to maximize their rewards will get more value from the Chase Sapphire Preferred® Card. The Chase Sapphire Preferred® Card consistently offers higher redemption rates across its available redemption options, though cardholders may have to put in some leg work to get the most value possible.

For cash back, travel portal redemptions, and all other redemption options, the Chase Sapphire Preferred® Card offers greater value. However, the Capital One Venture Rewards Credit Card does offer the option to use your points to cover select purchases on your account statement at $0.01 per point, which could be useful to some users.

Redemption options

Points value
Chase Sapphire Preferred® CardRedeem for travel via Chase Ultimate Rewards®$0.0125
Transfer to partners at 1:1 ratio~$0.02
Apple purchases$0.01
Gift cards$0.01
Cash back$0.01
Capital One Venture Rewards Credit CardCover select purchases$0.01
PayPal$0.008
Amazon$0.008
Gift cards$0.008 - $0.01
Cash back$0.005
Capital One Travel$0.01
Transfer partners$0.005 - $0.01 (or more)

Transfer partners

Winner: Chase Sapphire Preferred® Card

With the Chase Sapphire Preferred® Card, you'll have the option to transfer your points to several airline and hotel partners. Points are transferred at a 1:1 ratio, 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 $0.0125.

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 most partners at 1:1 ratio, a few partners transfer at a lower ratio.

Chase transfer partners

Capital One transfer partners

  • Aer Lingus 1:1
  • Air Canada 1:1
  • Air France/KLM 1:1
  • British Airways 1:1
  • Emirates 1:1
  • Iberia 1:1
  • JetBlue Airways 1:1
  • Singapore Airlines 1:1
  • Southwest Airlines 1:1
  • United 1:1
  • Virgin Atlantic 1:1
  • IHG 1:1
  • Marriott Bonvoy 1:1
  • World of Hyatt 1:1

Chase transfer partners

  • Aer Lingus 1:1
  • Air Canada 1:1
  • Air France/KLM 1:1
  • British Airways 1:1
  • Emirates 1:1
  • Iberia 1:1
  • JetBlue Airways 1:1
  • Singapore Airlines 1:1
  • Southwest Airlines 1:1
  • United 1:1
  • Virgin Atlantic 1:1
  • IHG 1:1
  • Marriott Bonvoy 1:1
  • World of Hyatt 1:1

Capital One transfer partners

  • Accor Live Limitless (2:1)
  • Aeromexico Club Premier (1:1)
  • Air Canada Aeroplan (1:1)
  • Air France/KLM Flying Blue (1:1)
  • Avianca Lifemiles (1:1)
  • British Airways Avios (1:1)
  • Cathay Pacific Asia Miles (1:1)
  • Choice Privileges (1:1)
  • Emirates Skywards (1:1)
  • Etihad Airways Guest (1:1)
  • Eva Air Infinity MileageLands (2:1.5)
  • Finnair Plus (1:1)
  • Qantas Frequent Flyer (1:1)
  • Singapore Airlines KrisFlyer (1:1)
  • TAP Air Portugal Miles&Go (1:1)
  • Turkish Airlines Miles&Smiles (1:1)
  • Virgin Red (1:1)
  • Wyndham Rewards (1:1)

Travel coverage and purchase protections

Winner: Chase Sapphire Preferred® Card

Both cards offer travel and purchase protections, but the Chase Sapphire Preferred® Card offers much more comprehensive coverage.

Chase Sapphire Preferred® Card
Capital One Venture Rewards Credit Card
Trip cancellation/trip interruption insurance
Travel and emergency assistance
Lost luggage reimbursement
Travel accident insurance
Auto rental collision damage waiver
Trip delay reimbursement
Purchase protection
Zero liability protection
Extended warranty protection

Other benefits

Winner: Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card offers both more, and more robust additional benefits than the Chase Sapphire Preferred® Card, earning it the winning position in this category. It offers a higher travel credit, airport lounge access and Hertz Five Star status, which can be useful for travelers who frequently use rental cars.

While Chase's 10% annual points boost on your total spending from the past year can be especially lucrative for big spenders, the Chase Sapphire Preferred® Card is missing airport lounge access which is an essential perk for some travelers.

Benefit
Chase Sapphire Preferred® Card
Capital One Venture Rewards Credit Card
Travel credits$50 Annual Ultimate Rewards Hotel CreditUp to a $100 credit for Global Entry or TSA Precheck®
Lounge accessN/ATwo free visits to the Capital One Lounge
Additional10% anniversary points boostHertz Five Star status

Should you combine the Chase Sapphire Preferred® Card and the Capital One Venture Rewards Credit Card?

While you could combine the Chase Sapphire Preferred® Card and the Capital One Venture Rewards Credit Card, you may find it a bit redundant to own two travel rewards cards that are so similar.

On the one hand, having both cards affords you access to a longer list of transfer partners, which could be beneficial for frequent travelers. You may also be able to maximize your rewards potential by utilizing the bonus spending categories on the Chase card for your travel purchases and the high flat rate across all purchases available on the Capital One card for everything else.

However, if you're not into strategizing how to maximize your rewards, the cards really aren't different enough to warrant owning both.

Which card is best for you?

Chase Sapphire Preferred® Card

There's no question the Chase Sapphire Preferred® Card is targeted towards frequent travelers, as evidenced by its bonus earning categories: Earn 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases.

This card comes with an enormous sign-up bonus, that when redeemed for travel through the Ultimate Rewards portal is worth $1,000, and could be worth potentially much more when transferred to one of Chase's travel partners. Cardholders will also enjoy a $50 Annual Ultimate Rewards Hotel Credit, Extensive travel and purchase protections, and $0 foreign transaction fees. While the Capital One Venture Rewards Credit Card also includes top travel benefits, the rewards earning potential and flexible redemption options of the Chase card make it our choice for those who travel frequently.

Capital One Venture Rewards Credit Card

While the Capital One Venture Rewards Credit Card still has plenty of great travel perks, this card is the better option for the average user who only travels a few times per year. The card comes with perks like two free visits to the Capital One Lounge, Hertz Five Star status, and up to a $100 credit for Global Entry or TSA Precheck® .

Where the Capital One Venture Rewards Credit Card really shines, however, is with its earning rate: Earn 2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023. Plus, earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel. This is a top flat rate across all purchases, making it an extremely lucrative card for everyday spending. On top of that, cardmembers can also benefit from a generous welcome bonus: Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.

Frequently Asked Questions

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 the Capital One Venture Rewards Credit Card to the 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 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 to the Chase Sapphire Preferred® Card and realize that they have relatively similar offers and benefits.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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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).