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

By , CardRatings contributor

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For a number of years, the Chase Sapphire Preferred® Card has been one of the top travel rewards credit cards for people who want flexibility with redemption options. With the ability to transfer points to travel partners, great travel benefits, and a relatively low annual fee, the Sapphire Preferred® Card made a name for itself in providing incredible value. With Capital One’s recently announced changes to their rewards redemption options, including the ability to transfer miles to airline partners, the Capital One® Venture® Rewards Credit Card now goes toe-to-toe with the Sapphire Preferred® Card in several categories, and even bests it in some.

Rewards earning rates

The Capital One® Venture® Rewards Credit Card makes earning rewards straightforward with two miles earned per $1 spent on every purchase. The earnings rate is not limited to travel purchases; you earn two miles regardless of what you are using the card for. And Capital One is running a promotion through January 2020 where you can earn 10 miles per $1 spent on thousands of hotels when purchased through Hotels.com/Venture. The Chase Sapphire Preferred® Card on the other hand has a tiered earnings rate of two Ultimate Rewards® points earned per $1 spent on travel and dining purchases and one point per $1 spent on all other purchases. If you are doing a lot of spending on travel and dining purchases, the Chase card matches the number of miles earned by the Venture® card; however, if are using your card for a variety of purchases, not just travel and dining, earning two miles per dollar on every purchase quickly adds up for some huge earning potential with the Capital One® Venture® Rewards Credit Card.

Bonus offers

Both cards offer excellent sign up bonuses for new card members. The Capital One® Venture® Rewards Credit Card is currently offering 50,000 miles (equal to $500 in travel) once you spend $3,000 on purchases within the first three months. This is slightly lower than what the Chase Sapphire Preferred® Card is currently offering, albeit with a lower minimum spend requirement. The Sapphire Preferred® Card is currently offering new cardholders 60,000 bonus points after spending $4,000 on purchases within the first three months of opening an account, which is worth up to $750 when redeemed for travel through the Chase Ultimate Rewards® program. Speaking in terms of rewards earned for the sign up bonus and the value of those rewards ($750 vs. $500), the Sapphire Preferred® Card gets a slight edge in this area.

Redemption options

Since the Capital One® Venture® Rewards Credit Card's inception, miles were usually most valuable when redeemed as a statement credit for travel purchases made with the card. While this did provide flexibility in the sense that almost any travel purchase could have the miles applied to reduce or eliminate that part of your balance, it did limit the value of Venture® miles to one cent per mile. With the recent announcement of the Venture® card adding airline transfer partners though, a whole new realm of possibilities has opened up for using rewards. In addition to redeeming miles for travel purchases, Venture® miles can now be transferred to one of their partner airlines, which means there’s now the potential for a higher rewards value. The Chase Sapphire Preferred® Card has had this partner transfer benefit for quite some time and also has the added benefit of a few hotel transfer partners. The fact that both cards now have an option for travel partner reward transfers helps to level the playing field.

To learn more about how these two cards match up, check out the table below to compare the various rewards, benefits, features, and fees associated with each card.

Chase Sapphire Preferred® vs. Capital One® Venture®

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

Capital One® Venture® Rewards Credit Card

Capital One® Venture® Rewards Credit Card

Annual Fee
Annual Fee 

$95

$0 intro for first year; $95 after that

New Cardholder Bonus Offer
New Cardholder Bonus Offer

60,000 bonus points after you spend $4,000 on purchases within the first three months of opening an account— worth $750 toward travel when you redeem through Chase Ultimate Rewards®

50,000 miles (equal to $500 in travel) once you spend $3,000 on purchases within the first three months

Rewards
Rewards

Earn two points for each dollar spent on travel and dining purchases and one point per dollar on all other purchases

Earn two miles per $1 spent on every purchase plus 10X miles on thousands of hotels through January 2020 on bookings made at Hotels.com/Venture

Redeeming Rewards
Redeeming Rewards
  • 25% more value when redeemed for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 towards travel when redeemed through Chase Ultimate Rewards® compared to $600 when redeemed for cash
  • Points transfer to leading airline and hotel loyalty programs
  • Redeem for a wide selection of gift cards
  • Redeem your miles without blackout dates or brand-loyalty— just make your travel purchases and cover them with a statement credit
  • Transfer miles to leading airline loyalty reward programs
  • Redeem for a wide selection of gift cards
Travel Partners
Travel Partners
  • Aer Lingus AerClub
  • Air France/KLM Flying Blue
  • British Airway Avios
  • JetBlue TrueBlue
  • Southwest Airlines Rapid Rewards
  • United Airlines MileagePlus
  • Virgin Atlantic Flying Club
  • Marriott Bonvoy
  • And more— to see a full list of Chase Sapphire Preferred® travel partners, please see our guide to Chase Ultimate Rewards®
  • Aeromexico Club Premier
  • Air Canada Aeroplan
  • Air France - KLM Flying Blue
  • Asia Miles
  • Finnair Plus
  • Qantas Frequent Flyer
  • Qatar Airways Privilege Club
  • JetBlue Trueblue
  • Signapore Airlines KrisFlyer
  • And more— to see a full list of Capital One® Venture® travel partners, please see our Capital One® Venture® review
Purchase and Balance Transfer APR
Purchase and Balance Transfer APR

17.99% - 24.99% Variable

17.49% - 24.74% (Variable)

Foreign Transaction Fees
Foreign Transaction Fees

$0

$0

Travel Benefits
Travel Benefits
  • Trip cancellation/interruption insurance up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses

  • Trip delay reimbursement up to $500 per ticket if you're delayed more than 12 hours or require an overnight stay

  • Baggage delay insurance up to $100 a day for five days for baggage delays over 6 hours

  • Lost luggage reimbursement up to $3,000 per passenger

  • Travel accident insurance up to $500,000

  • Travel and emergency assistance services

  • Auto rental collision damage coverage which provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most rental cars in the U.S. and abroad

  • Lost luggage reimbursement up to $3,000 for lost or stolen luggage

  • 24-hour travel and emergency assistance service

  • Travel accident insurance which provides automatic insurance for a covered loss at no extra charge when you use your credit card to purchase your fare

  • Auto rental collision damage waiver offers insurance coverage for rentals providing reimbursement for the actual cash value on damage due to collision or theft on most rental vehicles
  • Receive up to $100 credit for Global Entry or TSAPre✓® Approved when you use your Venture® card
Purchase Protection

Purchase Protection

     

  • Purchase protection covers new purchases made with your card for 120 days against damage or theft up to $500 per claim and $50,000 per account
  • Extended warranty protection extends the time period of the U.S. manufacturer’s warranty on items purchases with your card by an additional year on eligible warranties of three years or less 
  • Purchase security covers new purchases for 90 days against damage or theft up to $500 per claim and $50,000 per account

  • Extended warranty protection doubles the time period of the original U.S. manufacturer’s warranty (up to one year) on eligible warranties of three years or less

Additional Benefits
Additional Benefits
  • 24/7 access to customer service specialist

  • Complimentary access to Visa Signature Concierge who can help find tickets to top sporting or music events, make dinner reservations, and even help sending the perfect gift to a loved one

  • Zero Liability Protection which means you won’t be held responsible for unauthorized charges made with your card or account information

  • Real time fraud monitoring with alerts via email, text or phone call

  • 24/7 access to customer service specialist

  • Complimentary access to Visa Signature Concierge service for comprehensive, personalized assistance in in dining, entertainment and travel

  • $0 fraud liability for unauthorized charges if your card is lost or stolen

  • Virtual account numbers allow you to keep your card number to yourself and shop online more securely

For a full synopsis of each card, be sure to check out our Chase Sapphire Preferred® Card and Capital One® Venture® Rewards Credit Card reviews.

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