Chase Sapphire Preferred vs. Capital One Venture: Why the Preferred Outshines the Venture

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When you think of travel rewards credit cards, you might think of sky-high annual fees and luxe travel benefits. But for those less concerned with traveling in style and more interested in saving on their next trip, more affordable mid-tier travel cards offer some of the most valuable perks of any travel card on the market today.

Our Pick
GOOD FOR BOOSTED REDEMPTIONS
Editor’s Score: (4.5/5)
Chase Sapphire Preferred® Card
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Chase Sapphire Preferred® Card
Editor’s Score: (4.5/5)
Rewards rate:

5x on travel purchased through Chase Ultimate Rewards®. 3x on dining. 2x on all other travel purchases, plus more.

Apply Now externa link icon At Chase’s secure site
GOOD FOR FLAT TRAVEL REWARDS
Editor’s Score: (4.3/5)
Capital One Venture Rewards Credit Card
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Capital One Venture Rewards Credit Card
Editor’s Score: (4.3/5)
Rewards rate:

Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options. Earn unlimited 2X miles on every purchase, every day.

Apply Now externa link icon At Capital One’s secure site
  • Intro offer:
    60,000 points
  • Annual fee:
    $95
  • Regular APR:
    18.24% – 25.24% Variable
  • Recommended credit score:
    670-850 (Good to Excellent)
  • Rewards rate:

    5x on travel purchased through Chase Ultimate Rewards®. 3x on dining. 2x on all other travel purchases, plus more.

  • Intro offer:
    75,000 miles
  • Annual fee:
    $95
  • Regular APR:
    17.49% – 25.49% (Variable)
  • Recommended credit score:
    670-850 (Good to Excellent)
  • Rewards rate:

    Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options. Earn unlimited 2X miles on every purchase, every day.

Pros and Cons
Pros and Cons
Pros
  • Generous welcome offer
  • Tiered bonus points categories
  • 25% points boost when you redeem for travel through Chase Ultimate Rewards
  • 1:1 point transfer at airline and hotel partners
  • No foreign transaction fee
Cons
  • $95 annual fee
  • High APR
  • Need to spend within bonus categories to maximize rewards
  • Other cards have similar bonus categories with higher rewards rates
Pros and Cons
Pros
  • Flat 2x miles on every purchase
  • Generous sign-up bonus
  • Flexible rewards redemptions
  • No foreign transaction fees
Cons
  • High variable APR
  • $95 annual fee
  • Travel transfer partners options and value aren’t as good as some other programs
Additional Card Details
Additional Card Details
  • 25% redemption boost on points redeemed for travel through Chase Ultimate Rewards or eligible statement credits via Pay Yourself Back
  • Get 10% value of annual purchases back in points every account anniversary
  • $50 in annual hotel credits toward hotel stays booked through Chase
  • Primary auto rental collision damage waiver
  • Travel protections
  • Purchase protections
Additional Card Details
  • Flexible redemption options to use rewards toward future travel
  • No foreign transaction fees
  • Up to $100 credit toward Global Entry or TSA PreCheck® membership every four years
  • Two complimentary visits to Capital One Lounge locations each year
NextAdvisor’s Take

The Chase Sapphire Preferred Card and the Capital One Venture Rewards Credit Card both come with a $95 annual fee and great welcome bonus. They’re also both good for travelers who want to save on trips but don’t need the premium perks of higher-priced travel cards. If you want to earn miles toward future travel on everything you buy, the Capital One Venture lets you earn 2X miles for every dollar you spend. But for many people, rewards in dining and travel categories, boosted redemptions, and added benefits make the Chase Sapphire Preferred a better option.

Two of the best cards in this category are the Chase Sapphire Preferred® Card and Capital One Venture Rewards Credit Card

The Preferred card is our pick between the two, thanks to a recently revamped rewards structure and added benefits. But the Capital One Venture offers solid savings as well, with flat rewards on every purchase to put toward future travel purchases you make with the card. 

Before you apply for any new travel card, though, consider your spending habits and card use — along with any travel plans — to help determine the best fit for you. And if the Sapphire Preferred and Venture Card are both on your radar, here’s a closer look at how the card details of these $95 annual fee rewards cards stack up. 

Chase Sapphire Preferred and Capital One Venture at a Glance

The two cards both carry $95 annual fees but vary in terms of perks and benefits offered. Depending on your lifestyle and spending habits, one might be a better fit than the other.

Chase Sapphire PreferredCapital One Venture
Annual Fee$95$95
Welcome Offer60,000 Chase Ultimate Rewards points after you spend $4,000 in the first three months from account opening75,000 miles after spending $4,000 on purchases in the first three months.
Rewards5x points on travel purchased through Chase Ultimate Rewards, 3x on dining (including eligible delivery services and takeout); 3x points on select streaming services; 3x on online groceries; 2x on other travel purchases; 1x on everything else2x miles on everything you spend
Other Benefits$50 annual credit on hotel stays purchased through the Ultimate Rewards portal; complimentary 12-month DoorDash DashPass membership (otherwise $9.99 per month) when activated by December 31, 2024Up to a $100 credit toward Global Entry or TSA PreCheck membership every four years

Bonus Comparison

You can earn 60,000 Chase Ultimate Rewards points after you spend $4,000 in the first three months of account opening. This 60,000-point bonus is worth $750 when you redeem for travel, according to Chase.

Meanwhile, the Capital One Venture card offers 75,000 bonus miles after you spend $4,000 in the first three months. You can redeem these miles toward travel purchases you make with your card at a rate of 1 cent per point, making the Venture card’s bonus worth $750 in total.

However, remember to only spend what you can afford on a credit card, regardless of the sign-up bonus, since many travel rewards credit cards, these two included, come with high APRs which can negate the value of any rewards you earn. If the spending required to score the bonus on either card doesn’t align with what you can afford to pay off in full each month, you may want to wait to open a new account.

Often, it’s smart to apply for a new credit card when you’re ready (and have the cash saved) to book your next trip, so you can work toward the bonus while earning rewards during booking.

Rewards Comparison

Both of these cards offer great rewards in a wide range of categories, but one may be a better fit for your spending habits than the other.  

Chase Sapphire Preferred earns 5 Ultimate Rewards points per dollar on all travel purchased through the Chase Ultimate Rewards portal, as well as 3 points per dollar on dining, including eligible delivery services and takeout. The card also earns 3 points per dollar on select streaming services and online grocery purchases (with the exception of stores like Target, Walmart and wholesale clubs), 2 points per dollar on all other travel, and 1 point on every other purchase.

In addition, Chase Sapphire Preferred cardholders get a 10% anniversary points bonus. On your account anniversary, you’ll earn bonus points equal to 10% of the total purchases you made in the last year, paving the way to earn even more bonus points on all of your spending on the card.

The Capital One Venture card, on the other hand, earns 2 miles per dollar on all purchases. It doesn’t come with any bonus category spending, and is a flat rate no matter what you spend. 

If you’re looking for a simple way to accrue rewards you can put toward future travel as you complete your regular spending throughout the year, the Venture card’s 2x earn is incredibly valuable without requiring too much thought on maximizing categories. The Sapphire Preferred on the other hand, will require a bit more strategizing to maximize its list of bonus categories. But if you don’t mind doing a bit more work — and your regular spending aligns with those categories — the Preferred will likely bring more value in the long run. 

Rewards Redemptions

The Chase Sapphire Preferred card and Capital One Venture both provide cardholders with opportunities to redeem points or miles, respectively, toward travel.

With your Chase Sapphire Preferred card, you can redeem your Ultimate Rewards points for hotels and airfare directly in the portal, or you can transfer to partners such as United Airlines, Southwest Airlines or Hyatt Hotels. Within the portal, Chase Ultimate Rewards points from the Sapphire Preferred card are redeemed at a fixed value of 1.25 cents each. You’ll typically get the most value out of your points by transferring them to partners, so it’s a good idea to check both the portal and partner rates before you book.

As far as the Venture card goes, you have even more options to redeem your miles. You can book travel through the Capital One travel portal, where your miles will be redeemed for a fixed rate of 1 cent each, or transfer to partners such as Air France and British Airways.

APRs

Travel rewards credit cards, like most credit cards on the market today, typically come with high interest rates. These two are no exception, as both of their variable APR ranges are on the higher end. 

The Chase Sapphire Preferred Card has a variable APR of 18.24% – 25.24% and the Capital One Venture carries a variable APR of 17.49% – 25.49%.

With that in mind, it’s important to pay your bills on time and in full every month so you can avoid interest altogether. If you already have existing debt, focus on paying that down before you consider opening a new rewards credit card (neither of these cards offer introductory balance transfer offers). 

Anytime you open a new card account, spend only what you can afford to pay off when your statement is due each month — paying interest on any balances can quickly wipe out any rewards you earn with either card, especially considering the cost you’ll already incur for the annual fee.

Travel Protections

Both credit cards come with valuable travel protections and insurance that can help make your next trip a breeze, whether you face flight cancellations or delays, lost luggage, changing COVID-19 entry policies, and more. That said, the Preferred card is the clear winner — especially if you’re worried about losing any prepaid, non-refundable fares to cancellations or delays.

Chase Sapphire Preferred has notable travel protections such as trip cancellation and trip delay insurance, lost luggage reimbursement, baggage delay insurance, travel accident insurance, and primary auto rental collision damage waiver.

The Capital One Venture’s coverage includes an auto rental damage waiver, 24-hour emergency travel assistance, travel accident insurance, and extended warranty protection.

Fees

Both the Chase Sapphire Preferred and Capital One Venture card charge $95 annual fees. Neither card charges foreign transaction fees — so both are good cards to have in your wallet for future international travel.

Our Choice
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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

Editor’s Score: (4.5/5)
  • Intro offer:
    60,000 points
  • Annual fee:
    $95
  • Regular APR:
    18.24% – 25.24% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Chase’s secure site
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Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

Editor’s Score: (4.3/5)
  • Intro offer:
    75,000 miles
  • Annual fee:
    $95
  • Regular APR:
    17.49% – 25.49% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Apply Now externa link icon At Capital One’s secure site
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Bank of America® Travel Rewards credit card

Bank of America® Travel Rewards credit card

Editor’s Score: (3.0/5)
  • Intro offer:
    25,000 points
  • Annual fee:
    $0
  • Regular APR:
    16.24% – 26.24% Variable APR on purchases and balance transfers
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site

Deciding Between the Chase Sapphire Preferred and Capital One Venture Card

When it comes to maximum value and added benefits, the Chase Sapphire Preferred is the clear winner between these cards. But the Venture offers great travel savings too, especially if you’re looking for simplicity. 

Chase Sapphire Preferred offers a greater opportunity to earn bonus points on travel, dining, online grocery orders, and even select streaming services. Plus, you’ll get an ongoing annual 10% points bonus and more travel protections, as well as hotel credits.

There are two areas where the Capital One Venture wins out against the Preferred card, though: up to a $100 application fee credit for TSA PreCheck®/Global Entry, and the straightforward rewards rate on all purchases. While the opportunity to rack up bonus points is far greater on the Preferred card (if your spending aligns with its rewards categories), the 2 miles per dollar you’ll earn with the Venture card could be more valuable if you’re looking for simplified credit card rewards.

Ultimately, the Chase Sapphire Preferred card outshines in terms of earning rates, perks, and travel protections. But if you don’t want to deal with the hassle of keeping up with categories, or your regular spending doesn’t fit within strict categories, the Capital One Venture can make a great addition to your wallet, too.

*All information about the Bank of America® Travel Rewards credit card has been collected independently by NextAdvisor and has not been reviewed by the issuer.