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

Benjamin Pape
Written by
Benjamin Pape
Terms apply; see the online credit card application for full terms and conditions of offers and rewards.
Chase Sapphire Preferred® vs. Capital One Venture Rewards Credit Card

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For a number of years, the CardName 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 card_name made a name for itself in providing incredible value. That said, Capital One now also includes the ability to transfer miles to airline partners, making the CardName a strong card_name competitor.

Which card is better? That really depends on your spending habits and lifestyle. It could even make sense to hold both cards in your wallet, but if you’re trying to settle on just one, read on to see how these cards compare side-by-side.

Reward earning rates

The CardName 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.

The CardName, on the other hand has a tiered earnings rate: earn five points per $1 spent on travel through the Ultimate Rewards portal; three points per $1 on dining (including takeout and delivery), select streaming services, on online grocery store purchases (excluding Walmart, Target and wholesale clubs); two points earned per $1 spent on travel; 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 at least matches the number of miles earned by the Venture card (it’s actually better with the Sapphire card for dining); 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 CardName.

Bonus offers

Both cards offer excellent bonuses for new card members. The CardName is currently offering a one-time 75,000 bonus mile offer when you spend $4,000 on purchases in the first three months from account opening, worth $750 in flexible travel.

The card_name is currently offering a limited time offer of 75,000 bonus points after spending $4,000 on purchases within the first three months of opening an account. Because card_name points are worth 25% more for Chase Travel℠ purchases, that means this bonus is actually worth quite a bit more than the Venture bonus – $937.50 towards travel, to be exact! This is a rare offer for this card, so if you’re considering an application, now is a great time to apply.  

Redemption options

Since the CardName‘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. Now that Venture has the opportunity to transfer miles to leading airline and hotel partners, however, 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 travel partners, which means there’s now the potential for a higher rewards value. The CardName has had this partner transfer benefit for quite some time. 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





Annual Fee



New Cardholder Bonus Offer

*Offer ending soon!* 75,000 bonus points after you spend $4,000 on purchases within the first three months of opening an account — worth over $900 toward travel when you redeem through Chase Travel

Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within three months from account opening, equal to $750 in travel


  • 5X points on travel through the Ultimate Rewards portal
  • 3X points on dining (including eligible takeout and delivery)
  • 3X on select streaming services
  • 3X points on online grocery store purchases (excluding Target, Walmart and wholesale clubs)
  • 2X points on other travel
  • 1X point on other purchases
  • Plus earn five points on Lyft rides through March 2022
  • Receive a points bonus each year equal to 10% of your total purchases from the previous year

Earn two miles per $1 spent on every purchase 

Redeeming Rewards

  • 25% more value when redeemed for travel through Chase Ultimate Rewards. For example, 75,000 points are worth $937.50 toward travel when redeemed through Chase Travel
  • 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 and hotel loyalty reward programs
  • Redeem for a wide selection of gift cards

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
  • Signapore Airlines KrisFlyer
  • Wyndham Rewards
  • 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



Foreign Transaction Fees



Travel Benefits

  • $50 hotel credit annually for a stay booked through the Ultimate Rewards portal
  • 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
  • MasterRental Insurance
  • Receive up to $100 credit for Global Entry or TSA PreCheck application fees when you use your Venture card

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 assurance 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

  • 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 World Elite Mastercard Concierge service for exclusive offers with popular digital brands on everyday, time-saving products and services
  • $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 CardName and CardName reviews.

Benjamin Pape
Cardratings Contributor

Ben has been a credit card enthusiast for over seven years. With extensive knowledge in card benefits and travel partnerships, Ben has used his expertise to travel around the world with points and miles....Read more

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The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

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