Shelling out hundreds of dollars in annual fees on premium credit cards isn't for everybody – especially if you're just getting started with travel cards. We get it.
Luckily, there are some great travel rewards credit cards out there that earn lucrative points and miles for less than $100 each year in fees. Two titans are the *capital one venture card* and the *chase sapphire preferred*.
With welcome bonuses worth at least $750 towards travel, either card is worth considering – and maybe it's worth holding both! But it's the little things like added travel protections, statement credits, and bonus point earning that might make one card a better fit for you than the other.
We'll break down all of the benefits you get with each card in order to help you decide which is right for you and your travel goals.
- Chase Sapphire Preferred vs Capital One Venture: Similarities & Differences
- Chase Sapphire Preferred vs Capital One Venture: Welcome Offer
- Chase Sapphire Preferred vs Capital One Venture: Annual Fee
- Chase Sapphire Preferred vs Capital One Venture: Earning Points
- Chase Sapphire Preferred vs Capital One Venture: Redeeming Points
- Chase Sapphire Preferred vs Capital One Venture: Travel Perks & Benefits
- Chase Sapphire Preferred vs Capital One Venture: Travel Protections
- Chase Sapphire Preferred vs Capital One Venture: Which is Best?
Chase Sapphire Preferred vs Capital One Venture: Similarities & Differences
There's a lot to like about both of these cards. With identical annual fees and similar welcome offers, you might even think they're carbon copies of one another.
But with different travel protections, statement credits, and point earning and redemption options, one may be the clear winner for you over another.
Here's a quick glance at how they stack up against each other.
| Chase Sapphire Preferred | Capital One Venture Rewards Credit Card | |
|---|---|---|
| Welcome Offer | bonus_miles_full | bonus_miles_full |
| Earning Points | 3x per dollar spent on dining, online grocery orders, and streaming services. 2x per dollar on travel | Unlimited 2x Venture Miles per dollar on every purchase |
| Redeeming Points | Points can be transferred to partners, used to book travel through Chase Ultimate Rewards, redeemed for gift cards, cash, statement credits, and more. | Miles can be transferred to partners, used to cover travel purchases, redeemed for gift cards, merchandise, cash, and more. |
| Authorized User Fees | None | None |
| Travel Credits | Get a $50 credit for hotel bookings made through the Chase Travel portal. | Get up to a $100 statement credit every four years for Global Entry or TSA PreCheck. |
| Lounge Access | None | Get two free visits a year to Capital One or Plaza Premium Lounges, though this benefit ends Jan. 1, 2025. |
| Car Rental Coverage | Primary | Secondary in the U.S. and Primary abroad |
| Other Travel Insurance | Trip delay reimbursement, trip cancellation and interruption insurance, and lost or delayed baggage coverage | Lost luggage and travel accident insurance |
| Foreign Transaction Fees | None | None |
| Annual Fee | annual_fees | annual_fees |
Chase Sapphire Preferred vs Capital One Venture: Welcome Offer
Both the Chase Sapphire Preferred and the Capital One Venture Rewards cards offer generous welcome bonuses.
While the bonus on the Capital One Venture card appears larger at first glance, it all hinges on how you plan to use your newfound fortune of points or miles.
Chase Sapphire Preferred
bonus_miles_full
Capital One Venture
bonus_miles_full
Winner: Which Card Has the Better Welcome Bonus Offer?
Determining a winner for which card offers the better bonus will solely depend on how you plan to use it.
If you're going to redeem your bonus against paid travel, either by covering the purchase with your Capital One Miles or by booking travel through the Chase Ultimate Rewards portal, both bonuses are worth $750.
But if you're game to transfer the points to a travel partner, the Venture Card is the clear winner. For that reason, the slight edge in this category has to go to the Capital One Venture Card.
Learn more about the *capital one venture card*
Chase Sapphire Preferred vs Capital One Venture: Annual Fee
This category is a pretty easy one to determine a winner … or lack thereof. The annual fee on both the Chase Sapphire Preferred and the Capital One Venture card is $95.
Each card offers additional benefits that can help offset the annual fee, but both will cost you the same amount out of pocket each and every year you hold the card.
Winner: Which Card Wins on Annual Fees?
This one is a clear tie as both cards charge the same $95 annual fee.
Chase Sapphire Preferred vs Capital One Venture: Earning Points
New card welcome bonuses only go so far. Luckily, racking up more points (or miles) on your everyday spending is quite easy with either of these cards.
Chase Sapphire Preferred
You will earn 3x points per dollar spent on dining at restaurants, including eligible delivery services, 3x points per dollar spent on online grocery purchases (excluding Target, Walmart, and wholesale clubs), and 3x points per dollar spent on select streaming services. You'll also earn 2x points per dollar spent on travel purchases. You'll also get an annual $50 credit to use towards hotel bookings made through the Chase Travel Portal.
Finally, you will also earn 5x total points per dollar spent on travel purchased through the Chase Ultimate Rewards travel portal, and 5x points per dollar spent on rides with Lyft (through March 2025).
Capital One Venture
With the Venture Card, you'll earn an unlimited 2x miles on every dollar you spend. You'll also get 5x miles on hotels and rental cars booked through Capital One Travel.
Winner: Which Card Earns More Points?
So which is better? It depends on your spending patterns. But in our opinion, earning 2x miles on every purchase with the Venture Card is hard to beat.
But if you spend big on dining or online grocery purchases, the Sapphire Preferred could be the better choice for you.
Learn more about the *capital one venture card*
Chase Sapphire Preferred vs Capital One Venture: Redeeming Points
Earning points is only half the battle – after that you've got to be able to put them to good use! Whether you're looking to travel, redeem for gift cards, merchandise, or cash back. There are plenty of ways to use the points (or miles) from either of these cards. But some are more valuable than others.
Chase Sapphire Preferred Redemptions
There's no shortage of options to use the Ultimate Rewards points you earn with the Chase Sapphire Preferred … and that's a good thing.
Book Flights, Hotels, and More
With the Chase Sapphire Preferred Card, you can redeem your points for 1.25 cents each towards travel booked through the Chase Ultimate Rewards Travel portal.
Here's an example of what this looks like in practice. Recently, We sent our Thrifty Traveler Premium members flights from Minneapolis-St. Paul (MSP) to Reykjavik (KEF) for $514 roundtrip. The screenshot below was taken from Google Flights, our favorite flight search engine.
Once you find the flight that will work, simply head to the Chase Ultimate Rewards travel portal in your online account and recreate the search. Generally speaking, you should be able to pull up the same cash rate in the portal as you did in Google Flights, though there will occasionally be exceptions.
As you can see from the screenshot below, that same flight is bookable for 41,048 Ultimate Rewards points.
That's all thanks to the 25% bonus you get when using the Chase Ultimate Rewards Travel portal. To do the math, take divide the cost of your ticket by .0125. In our example, $513.10 / 0.0125 = 41,048 points.
Transfer to Partners
One potentially more valuable option for redeeming your points is to transfer them to one of the dozen-plus Chase travel partners for an award booking. With 11 airline and three hotel partners as of publication, you've got a lot of great options for using your points this way.
No matter which airline or hotel you decide to transfer points to, Chase points will transfer at a 1:1 ratio. That means one Chase Ultimate Reward point equals one hotel point or airline mile.
Here's the full list of Chase transfer partners.
| Program | Type | Transfer Ratio | Transfer Time |
|---|---|---|---|
| Aer Lingus | Airline | 1:1 | Instant |
| Air Canada Aeroplan | Airline | 1:1 | Instant |
| Air France/KLM | Airline | 1:1 | Instant |
| British Airways | Airline | 1:1 | Instant |
| Emirates | Airline | 1:1 | Instant |
| Iberia Plus | Airline | 1:1 | Instant |
| JetBlue | Airline | 1:1 | Instant |
| Singapore Air | Airline | 1:1 | 12-24 hours |
| Southwest Airlines | Airline | 1:1 | Instant |
| United Airlines | Airline | 1:1 | Instant |
| Virgin Atlantic | Airline | 1:1 | Instant |
| World of Hyatt | Hotel | 1:1 | Instant |
| IHG | Hotel | 1:1 | 1 day |
| Marriott Rewards | Hotel | 1:1 | 2 days |
Redeem for Something Other Than Travel
If travel isn't really your thing … well, that's a bummer.
But you can also redeem your Ultimate Rewards for cash back at a rate of 1 cent per point. Or you can use them for gift cards, dining, and more. Some of these redemption options are better than others but the fact that there are so many options to choose from is a good thing.
Capital One Venture Redemptions
Capital One has taken the travel world by storm over the past couple of years, transforming Capital One Venture Miles into an indispensable program for travelers who want to do more for less.
In fact, no other credit card points give you more flexibility and versatility to redeem miles toward travel. That includes flights, hotels, rental cars, and much more. Whether you’re just getting started earning and redeeming miles and want a simple option or you consider yourself an advanced traveler who knows how to maximize your points and miles, there’s a path for you.
Here are some of the best ways to redeem your Capital One Miles.
Cover Travel Purchases
Let’s start with the easiest route. This is what Capital One is really known for.
No airline or credit card company makes it easier to redeem points and miles toward travel. Just charge your flight, hotel, Airbnb, or almost any other travel expense to your Capital One card. A few days later, you can go in and erase that charge from your statement using miles.
Read our step-by-step guide to covering travel purhcases with Capital One miles to see how it’s done!
When you use your miles this way, every Capital One Mile is worth 1 cent. That means you can book a $500 flight using 50,000 Capital One miles. That may not be earth-shattering value, but it’s easy as can be – and it goes far when you find a cheap flight.
But what's really cool about this option is that you can use them beyond “typical” travel expenses like flights, hotels, and rental cars. So long as your purchase codes as travel, you're good to go.
Thrifty Traveler co-founder, Nick Serati, recently used a boatload of Capital One Miles to cover a bucket list golf trip to Bandon Dunes for late next year – not exactly what most people would think of as a travel expense.
Book Through the Capital One Travel Portal
Just like the Chase Travel Portal, Capital One has its own travel portal where you can directly search for flights, hotels, car rentals, and more, then book using points. And the Capital One Travel Portal is new and improved, with some great features you won’t get elsewhere.
The new flight-booking engine is powered by the popular travel app Hopper. That means you should generally find the same prices you see directly through the airline or via Google Flights – but not always. Just tap in the details of the flight or hotel you’re hoping to book with Venture Miles and start searching.
Unfortunately, you won’t get a bonus when using miles through the Capital One Travel portal like you do with the Sapphire Preferred. Just like booking straight through the airlines or hotels, every Venture Mile is worth 1 cent toward travel through the portal.
While you may not be getting more bang for your buck by using Venture Miles through the travel portal, Capital One has given travelers a few compelling reasons to consider it:
- Capital One will automatically credit you if the price of your flight drops after booking. Those Price Drop Protection credits are only available on flights where Capital One and Hopper predict that prices won’t fall, and they’re capped on up to $50 – or 5,000 Venture Miles – in credits total.
- You can freeze a fare through the portal for up to 14 days, then decide and come back to buy it later at that price. Capital One charges a small fee to freeze a fare.
- Much like Google Flights, Capital One allows you to set price alerts for the flights you want to book. That means you’ll get an email if the flights you’re looking at drop or increase in price.
- Capital One offers an add-on “cancel for any reason” travel insurance policy, which is quite reasonably priced.
Unfortunately, the travel portal took a hit earlier this year when Capital One capped price drop refunds at $50. And now, the portal's Price Match Guarantee gets paid out in the form of a travel credit – not a refund to your card.
Transfer to Partners
If you want to get the most bang for your buck, er … miles, you’ll want to acquaint yourself with Capital One's slew of transfer partners.
Capital One added the ability to transfer miles straight to airline programs years ago. After steadily adding more and more partners and making significant improvements, it’s now a bonafide option with some killer value. With few exceptions, every 1,000 Capital One miles you transfer gets you 1,000 airline miles or hotel points.
Here’s the full list.
| Program | Type | Ratio | Transfer Time |
|---|---|---|---|
| Aeromexico | Airline | 1:1 | Instant |
| Air Canada Aeroplan | Airline | 1:1 | Instant |
| Air France/KLM | Airline | 1:1 | Instant |
| Avianca LifeMiles | Airline | 1:1 | Instant |
| British Airways | Airline | 1:1 | Instant |
| Cathay Pacific AsiaMiles | Airline | 1:1 | Up to five business days |
| Emirates | Airline | 1:1 | Instant |
| Etihad | Airline | 1:1 | Up to 1 day |
| EVA Air | Airline | 2:1.5 | Up to five business days |
| Finnair | Airline | 1:1 | Instant |
| Qantas | Airline | 1:1 | Instant |
| Singapore | Airline | 1:1 | Instant |
| TAP Air Portugal | Airline | 1:1 | Same day |
| Turkish Airlines | Airline | 1:1 | Same day |
| Virgin Red | Other | 1:1 | Same day |
| Accor | Hotel | 2:1 | Up to two business days |
| Wyndham | Hotel | 1:1 | Same day |
| Choice Hotels | Hotel | 1:1 | Same day |
Read our guide to Capital One transfer partners and learn how you can transfer your miles! And make sure to read our guide on using Capital One Venture Miles to see some of the best options.
Winner: Which Card Offers More Value for Redeeming Points?
While there's a lot to love about the simplicity of covering travel purchases with Venture Miles, the value you get when using Chase Ultimate Rewards simply can't be matched.
Whether you're booking travel through the portal with a bonus, transferring to partners like Singapore Airlines or Hyatt, or even getting straight cash back, the Chase Sapphire Preferred clearly gives cardholders more value when redeeming points.
Learn more about the *csp*.
Chase Sapphire Preferred vs Capital One Venture: Travel Perks & Benefits
Neither of these cards is busting at the seems with travel perks and credits, but that's typical of cards with a reasonable annual fee. Having said that, there are a couple of benefits that you should take into consideration when deciding which card is best.
Chase Sapphire Preferred
With the Sapphire Preferred, you'll get an annual $50 statement credit for hotel bookings made through the Chase Travel Portal. Chase added this benefit a couple of years back without increasing the card's $95 annual fee.
Just keep in mind that hotel bookings made through online travel agencies (OTAs) like Chase's don't typically earn hotel points, nor will any elite status be recognized. This means it might be best to use this credit to stay at a hotel that's not a part of a major chain – or when you don't mind missing out on earning hotel points and elite benefits.
Capital One Venture
The Capital One Venture Card comes with a couple different benefits that help set it a part from the Sapphire Preferred.
First off, you can get up to $100 in credit every four(ish) years to cover the cost of TSA PreCheck or Global Entry. How often you get the credit depends on which program you go with: You'll receive a credit every 4 1/2 years for TSA PreCheck and every four years for Global Entry.
Either program makes getting through airport security a breeze – and considering Global Entry includes TSA PreCheck, that should make it an easy choice for international travelers.
This is really a great benefit and one that isn't offered on many cards with an annual fee below $100.
Read more: The Best Cards that Cover Global Entry or TSA PreCheck
The Venture Card also includes something that you won't find on many other cards in its weight class: Lounge access. While it's not unlimited – and won't be around for much longer – the Venture Card currently gives cardholders two annual passes to visit Capital One Lounges or Plaza Premium Lounges.
Once cardholders have used up those free passes, they can also get a discounted entry rate of $45 per visit (the standard entry fee is $65 per visit) – and guests only cost $45 apiece, too.
Winner: Which Card Offers the Best Travel Perks?
This one is tough to pick a winner.
On one hand, the Venture Card offers more travel perks than the Sapphire Preferred, which is enticing. But the credit for TSA PreCheck or Global Entry is only available every four years – so that means it's really about comparing a couple of lounge visits against a $50 hotel credit. Deciding which is more valuable is a personal decision.
That makes this category a tie.
Chase Sapphire Preferred vs Capital One Venture: Travel Protections
It's not a matter of if, but when something will go wrong when you're traveling. Hopefully it's nothing major … but even minor issues can lead to big expenses.
Having a credit card in your wallet that helps protect you from the financial burden when things go wrong is a wise move. Both of these cards fit the bill – though one clearly comes out on top.
Chase Sapphire Preferred
The Chase Sapphire Preferred offers best-in-class insurance with benefits like primary rental car coverage, trip delay reimbursement, and protection for lost or delayed luggage. In short, it means you can skip that add-on policy from the airline – and the rental car agency, too.
The Sapphire Preferred's rental car insurance will cover up to the actual cash value of the rental car for rental periods that do not exceed 31 consecutive days. It's primary rental car insurance, better than what you can get from the rental company or even your own, personal policy.
One small thing to note about this policy: Chase excludes “high-value motor vehicles” and exotic cars from its coverage. While most of the excluded brands are typically not going to be available on a standard rental lot, Tesla is one of the excluded brands and something to be aware of – especially now that they're becoming more common with rental agencies.
Beyond rental car insurance, the Chase Sapphire Preferred card will also reimburse you for expenses you incur due to a delayed or canceled flight, train, bus, or other means of travel.
With this coverage you'll be reimbursed for any delay lasting 12 hours or more (or requiring an overnight stay). Cardholders will be covered along with their spouse or domestic partner and any dependent children under the age of 22 for up to $500 for each purchased ticket.
Finally, if you check your bags and they’re delayed more than six hours, the Sapphire Preferred will reimburse you up to $100 per day (for up to five days) for essential items like toiletries, clothing, and cell phone charging cables.
Related reading: Our Experience Using Chase's Trip Delay Reimbursement Coverage
Capital One Venture Rewards
The Venture Card also offers rental car coverage … but for rentals in the U.S. it's secondary coverage, which isn't nearly as good. If you're renting a car abroad, the coverage you get with the Venture Card is primary.
Secondary coverage means you’d have to file a claim with your personal insurance policy before turning to your credit card for help. That means you’ll have to pay your deductible – and your auto insurance premiums will likely go up, too.
Outside of this secondary rental car coverage, the Venture Card provides additional protection if you're in an accident while traveling, and you're covered if the airline loses your luggage. But only if they lose it: This benefit won't work if your luggage is delayed by a day or two, which is a huge bummer.
Related Reading: The 4 Best Credit Cards with Travel Insurance: What Do They Cover?
Winner: Which Card Offers the Best Travel Protections?
The Chase Sapphire Preferred offers some of the best travel protections of any card on the market, period. While the Capital One Venture Card certainly comes with more coverage than other cards, it just can't compete with the Sapphire Preferred in this category.
Learn more about the *csp*.
Chase Sapphire Preferred vs Capital One Venture: Which is Best?
Every cardholder can and should weigh these individual categories differently. So at the end of the day, your decision should be based on which categories you value the highest.
For example, if you are looking for an affordable way to get Global Entry, the Capital One Venture Card is the obvious choice. But if having the ability to get more value out of your rewards is what's most important, the Chase Sapphire Preferred is the clear winner.
By the numbers it's a dead tie, with each card winning two of these categories and the other two ending in a draw. But after comparing the Chase Sapphire Preferred versus Capital One Venture, these cards work well in tandem – it certainly wouldn't be out of the question to hold both.
Bottom Line
Both the *capital one venture card* and the *chase sapphire preferred* are top-notch travel rewards cards, perfect for those just getting started with points and miles. In fact, the same is true for travelers that have been at it for years.
Every cardholder should weigh these individual categories differently and make a decision on the benefits that are most important to them. But you really can't go wrong with either card.
I was told just today, May 5, that the $50 grocery credit was no longer available and that the offer expired Oct. 2020. I opened my Sapphire Preferred card in March and apparently I do not get this benefit. Please comment.
Hi Greg and Judy, the credit should still be available. It is being advertised on all of Chase’s sales channels as a current card benefit. I would call again and talk to a different customer service representative.