Chase Sapphire Preferred vs. Capital One® Venture®: Which is Better?
Traveling requires that you make lots of decisions on the fly, but choosing the right travel credit card deserves a little extra thought.
Two of the most popular travel credit cards are the Chase Sapphire Preferred and the Capital One® Venture® card.
At first glance, these cards seem similar enough, but there are a few key differences that you’ll want to know before you apply for either one or both.
Which is Better – Chase Sapphire Preferred or Capital One® Venture®?
When deciding between the Chase Sapphire Preferred Card and the Capital One® Venture® Rewards Credit Card, there are a few important questions you’ll need to ask.
Comparison #1: Welcome Bonus for Chase Sapphire Preferred vs. Capital One® Venture®
Here is how the sign-up bonuses compare:
- The Chase Sapphire Preferred Card: comes with a 60,000 bonus points welcome bonus after you spend $4,000 on purchases in the first 3 months.
- The Capital One® Venture® Rewards Credit Card: offers a one-time bonus of 50,000 miles when you spend $3,000 on purchases in the first 3 months.
To know how these reward points compare, you also have to look at how much your points are worth in dollars.
Taking dollar value into consideration, here’s how that breaks down:
- With Chase Ultimate Reward Points: 60,000 bonus points equals $750 toward travel when you book through Chase’s online booking portal.
- With Capital One® Venture® Miles: 50,000 Capital One® Venture® miles equals $500 in travel when you book through your account.
In this scenario, the clear winner is the Chase Sapphire Preferred Card – but there are a few factors that could persuade you to go with Capital One®.
The main difference is that Chase requires customers spend $1,000 more to reap its sign-up bonus, so if you know that $4,000 is a stretch for your budget, and you have a trip on the immediate horizon, the lower spending requirement of the Capital One Venture card might be most appropriate.
Comparison #2: Rewards Rate for Chase Sapphire Preferred vs. Capital One® Venture®
The Chase Sapphire Preferred Card offers rewards in the following ways:
- Chase Sapphire Preferred Card Rewards:
- 2X points on restaurant and travel purchases (including tolls, public transit, and parking)
- 1X point per dollar on all other purchases
Meanwhile, the Capital One® Venture® offers a simplified rewards structure, with a pretty unbelievable incentive. The rewards earnings are:
- Capital One® Venture® Card Rewards:
- 2X miles on all purchases, with no cap
Comparison #3: Rewards Redemption for Chase Sapphire Preferred versus Capital One® Venture®
Both cards offer a few different ways to redeem rewards, but the main thing these cards have in common is the emphasis on travel rewards.
That said, here is where Chase Ultimate Rewards points prove to be more flexible than Capital One® miles.
Chase Ultimate Rewards points not only function as travel rewards, but you can also opt to redeem them via direct deposit or as a credit statement.
How to redeem your Chase Ultimate Rewards Points with the Chase Sapphire Preferred Card:
- Book hotels, car rentals, and flights through Chase at a slightly elevated value of 1.25 cents per point.
- Redeem your Chase Ultimate Rewards points as a statement credit or cash back at a value of 1 cent per point.
- Transfer your points to 10+ travel loyalty programs at a 1:1 ratio.
Chase’s airline and hotel partners include:
- Aer Lingus
- Air France/KLM
- British Airways
- Virgin Atlantic
The Capital One® Venture® Rewards card operates much more like a traditional travel rewards credit card.
Unlike cash back reward credit cards, your miles will not be eligible for direct deposit into your bank account.
But there are plenty of options to apply your rewards to travel purchases by either booking online through your credit card account or by reimbursing yourself for travel purchases via credit statements.
Here are your options for redeeming your Capital One® Venture® Rewards points:
- “Erase” your travel purchases made through any website or agency by applying your miles to one of your recent travel purchases before your payment is due.
- Click “Redeem Rewards” and use your miles like dollars to purchase hotels and flights directly through Capital One’s online travel booking portal.
- Transfer them to one of Capital One’s new list of travel partners, but at a slightly lesser rate. This option lets you redeem your miles at 1.5 cents per 2 points at any one of the following international airline partners.
Capital One® Venture® Rewards International Airline Partners:
- Aeromexico Club Premier
- Air France KLM Flying Blue
- Air Canada Aeroplan
- Alitalia MilleMiglia
- Avianca LifeMiles
- Emirates Skywards
- Etihad Guest
- EVA Air InfinityMileageLands
- Finnair Plus
- Hainan Airlines
- Fortune Wings Club
- JetBlue TrueBlue
- Qantas Frequent Flyer
- Qatar Airways Privilege Club
- Singapore Airlines KrisFlyer
Comparison #4: Travel Protections for Chase Sapphire Preferred vs. Capital One® Venture®
The Chase Sapphire Preferred card comes with the holy grail of car rental insurance – primary car rental insurance – along with trip-delay reimbursement, baggage-delay reimbursement, trip cancellation, and interruption insurance, travel accident insurance and lost luggage insurance.
While the Capital One® Venture® Card only offers secondary car rental insurance, also known as a Collision Damage Waiver that picks up whatever costs your personal auto insurance doesn’t cover (including your deductible), it comes with all the other same travel protections.
There’s also a bonus – in addition to travel-accident insurance and lost-luggage reimbursement, the Capital One® Venture® Card offers a Global Entry/TSA PreCheck application fee credit.
This perk reimburses international travelers for one application fee up to $100 every four years.
In this category, we’d have to say it’s a tie!
How do I choose between Chase Sapphire Preferred and Capital One® Venture®?
Many people can’t choose between the Chase Sapphire Preferred card versus the Capital One® Venture® card – and that’s okay. There’s no reason why you can’t apply for and carry both.
But if you prefer to choose just one, it comes down to one major factor: timing.
Since neither cards have blackout dates, you won’t have a problem there. But if you have a major trip on the close horizon that you’d like to apply one of these large welcome bonuses towards, and you don’t think you’re going to be able to spend $4,000 in time, you can always opt for the $3,000 option with the Capital One® Venture® card.
But, if you can easily meet the $4,000 requirement in three months, why not earn 60,000 bonus points that stretch as far as $750 in travel value?
As always, the choice is up to you.