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

In this article, we'll compare the Chase Sapphire Preferred® Card vs. Capital One Savor Rewards Credit Card. We'll cover everything from rewards and annual fees to travel perks and extra benefits. Whether you're a frequent traveler, a dining enthusiast, or just looking for a card that aligns with your everyday spending, this comparison guide will help you make an informed choice that suits your lifestyle and financial goals.

Chase Sapphire Preferred® Card

Overall Rating
4.9

Welcome Offer
Earn 60,000 bonus points

Rewards Range
1x - 5x points

Annual Fee
$95

Regular APR
21.49%-28.49%

0% APR on Purchases
N/A

0% APR on Balance Transfers
N/A

Foreign Transaction Fee
$0

Capital One Savor Rewards Credit Card

Overall Rating
4.5

Welcome Offer
$300 cash bonus

Rewards Range
1% - 5%

Annual Fee
$95

Regular APR
19.99% - 29.99%

0% APR on Purchases
N/a

0% APR on Balance Transfers
N/a

Foreign Transaction Fee
None

Welcome Offer

Chase Sapphire Preferred® Card welcome offer: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. You also get a statement credit for up to $50 each account anniversary for hotel stays booked through Chase Ultimate Rewards.

The welcome offer could be worth more if you transfer your points to Chase's travel partners. What happens if you don't want to use your points for travel? If you redeem your points for a statement credit or cash, they're worth about 1 cent each, so roughly $600.

Capital One Savor Rewards Credit Card welcome offer: Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening. Very straightforward: cash is cash.

The Chase welcome offer is worth more than twice as much as the Capital One bonus, even if you redeem the points for a statement credit. Chase wins this round.

Cash Back Rewards

Chase Sapphire Preferred® Card offers 5x points on travel purchased through Chase Ultimate Rewards, 3x on dining, 3x points on online grocery purchases, 3x points on select streaming services, 2x points on other travel purchases, and 1x point on everything else. You also get the aforementioned $50 hotel credit each account anniversary for hotel stays booked through Chase.

Note that the grocery purchases must be made online and that this offer excludes Target, Walmart, and wholesale clubs. However, you do get a complimentary Instacart+ subscription for six months. This card also offers 25% more value for your points when you use them to purchase travel through Chase.

The Chase card also earns bonus points on your anniversary equal to 10% of your total purchases made the previous year. That means if you spend $25,000 on purchases, you'll get 2,500 bonus points.

Capital One Savor Rewards Credit Card offers an unlimited 4% cash back on dining, entertainment, and select streaming services, 3% cash back at grocery stores, and 1% cash back on all other purchases.

Capital One also offers 10% cash back on purchases with Uber and Uber Eats, plus you get your Uber One membership covered until November 14, 2024. It's a nice benefit if you use Uber.

Which card has better rewards depends on what you're looking for. The Chase Sapphire Preferred® Card offers better travel benefits, whereas the Capital One Savor Rewards Credit Card offers better rewards on dining and streaming services. Each card offers similar rewards on grocery purchases but the Chase card only offers elevated rewards if you shop online for groceries. If you usually shop at the store, Capital One is the better choice.

Here are the details for each card.

Chase Sapphire Preferred® Card 

Rewards:  

1x points
On all other eligible purchases
1x points on all other purchases
2x points
Travel
2x points on all other travel purchases
3x points
U.S. supermarkets
Earn 3x points on online groceries (excluding Target, Walmart and wholesale clubs)
3x points
Streaming services
Earn 3x points on select streaming services
3x points
Dining
3x points on dining
5x points
Travel
5x points on travel purchased through Chase Ultimate Rewards®

Capital One Savor Rewards Credit Card

Rewards:  

1% cash back
On all other eligible purchases
Earn 1% cash back on all other purchases.
3% cash back
U.S. supermarkets
Earn 3% cash back at grocery stores. (Excludes superstores like Walmart® and Target®.)
4% cash back
Streaming services
Earn unlimited 4% cash back on popular streaming services.
4% cash back
Dining
Earn unlimited 4% cash back on dining.
4% cash back
Entertainment
Earn unlimited 4% cash back on entertainment.
5% cash back
Hotels
Earn unlimited 5% cash back on hotels booked through Capital One Travel.
5% cash back
Rental Cars
Earn unlimited 5% cash back on rental cars booked through Capital One Travel.
8% cash back
Entertainment
Earn 8% cash back on Capital One Entertainment purchases.
10% cash back
Select Categories
Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024.

Rates and Fees

Both cards have the same annual fee, and neither charges foreign transaction fees. Neither card is offering any 0% introductory offers at this time.

Who the Chase Sapphire Preferred® Card is Best For

The Chase Sapphire Preferred® Card packs a lot of value into a card with a reasonable annual fee. It's a terrific travel card for either the occasional traveler or for someone who is just getting into using credit cards for travel rewards. Chase makes it easy to transfer your points to travel partners: just log into your account and find “Transfer to Travel partners” in the drop-down menu. Chase's travel partners include U.S.-based airlines Southwest, JetBlue, and United; hotel partners Hyatt, Marriott, and IHG. It's an excellent introduction to the world of travel rewards.

The only person this card is not a good fit for is the person who never travels.

Who the  Capital One Savor Rewards Credit Card is Best For?

The Capital One Savor Rewards Credit Card offers excellent rewards on dining, entertainment, and popular streaming services, plus 3% cash back on groceries. Most people spend a good bit on these things, especially groceries (gotta eat, right?). If you don't want to pay an annual fee and don't mind slightly lower rewards, or don't think you'll spend enough to justify it, consider Capital One SavorOne Cash Rewards Credit Card. You'll earn 3% cash back on streaming, dining, groceries, and entertainment, all for no annual fee.

Does it Make Sense to Get Both Cards?

Maybe, but there would be some overlap. If you're interested in Capital One and already have the Chase Sapphire Preferred® Card, you might be better off with the no-annual-fee SavorOne instead. Keep in mind that Chase has the 5/24 rule, which means if you've opened any five credit cards in the past two years, Chase will likely deny you another credit card.

Approval Odds

Chase Sapphire Preferred® Card

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved08/03/2023
872
Not Provided
$19,500
Approved04/19/2023
737
Equifax
$16,000
Approved04/19/2023
747
Experian
$16,000
Approved04/19/2023
747
TransUnion
$16,000
Approved11/11/2023
800
Not Provided
$16,800
Approved04/18/2023
790
Experian
$17,300
Approved05/21/2023
703
Experian
$17,300
Approved04/04/2023
735
Equifax
$17,300
Approved04/04/2023
825
Experian
$17,300
Approved07/06/2023
735
Experian
$5,000
Approved07/06/2023
745
Equifax
$5,000
Approved07/06/2023
755
TransUnion
$5,000
Approved10/19/2023
720
Not Provided
$19,500
Approved06/14/2023
759
Experian
$6,000
Approved04/06/2023
897
Not Provided
$23,800
Approved04/14/2023
765
Experian
$7,200
Approved04/14/2023
777
Equifax
$7,200
Approved04/14/2023
777
TransUnion
$7,200
Approved10/23/2023
745
TransUnion
$5,000
Approved10/03/2023
761
Equifax
$18,000
Approved10/03/2023
767
Experian
$18,000
Approved10/03/2023
774
TransUnion
$18,000

Capital One Savor Rewards Credit Card 

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved09/22/2022
630
TransUnion
$3,000
Approved07/01/2021
674
Not Provided
$5,000
Denied12/01/2021
794
TransUnion
---
Denied08/20/2022
634
Not Provided
---

You need excellent credit to be approved for the Chase card. On the other hand, Capital One can be super picky about how many accounts you've opened recently, although they don't have a hard-and-fast 5/24 rule like Chase does. Apply for your first choice, because neither company likes too many inquiries in too short a time.