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

Premium travel rewards cards often come with premium annual fees. But the Chase Sapphire Preferred® Card and the Capital One Venture Rewards Credit Card are two mid-level travel rewards cards with reasonable annual fees and some great travel perks. We compare these cards so you can decide which one fits your travel needs better, or if you want to apply for both.

Chase Sapphire Preferred® Card vs. Capital One Venture Rewards Credit Card: Side-By-Side Comparison

Chase Sapphire Preferred
Capital One Venture

Our Rating

4.9
★★★★
4.5
★★★★

Welcome Offer

Earn 60,000 bonus points

Enjoy a one-time bonus of 75,000 Miles

Rewards

1x - 5x points

2x - 5x miles

Annual Fee

$95

$95

Regular APR

21.49%-28.49%

19.99% - 29.99%

0% APR on Purchases

N/A

N/A

0% APR on Balance Transfers

N/A

N/A

Sapphire Preferred

Capital One Venture

Welcome Offer Winner: Sapphire Preferred

The Chase Sapphire Preferred® Card is currently offering: 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 Travel℠.

The Capital One Venture Rewards Credit Card offers the following: Enjoy a one-time bonus of 75,000 Miles once you spend $4,000 on purchases within 3 months from account opening.

If you redeem the bonus points of the Chase Sapphire Preferred® Card for travel through Chase’s Ultimate Rewards portal, they’re worth 25% more. So, both cards offer similar value if you redeem your bonus rewards for travel. Afterward, the Sapphire Preferred card has the potential to get more value from the points you earn through spending.

Rewards Winner: Sapphire Preferred

The Chase Sapphire Preferred® Card earns you 5x points on travel booked through Chase Ultimate Rewards portal; 3x on dining, streaming services, and online grocery purchases, 2x on travel not booked through Chase, and 1x on all other purchases.

The Capital One Venture Rewards Credit Card earns you 5x miles on hotels and rental cars booked through Capital One Travel, and 2x miles on all other purchases.

The Chase Sapphire Preferred® Card has better rewards on dining and on streaming services, plus your travel rewards can be redeemed through the Chase Ultimate Rewards portal. You also get 5x on Lyft rides through March 31, 2025 and a 10% anniversary points boost. That means if you spend $5000 on your Chase Sapphire Preferred card, you’ll get an extra 500 bonus points. There’s also a $50 statement credit each account anniversary year for hotel stays booked through Chase.

Capital One Venture Rewards Credit Card makes it very easy: 2x on all purchases everyday and 5x when you book through Capital One Travel. However, the Chase Sapphire Preferred® Card offers more value with dining, online grocery, and streaming categories earning 3x points, plus you get an annual 10% points boost, so the Chase wins this round.

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 Travel(SM)

Capital One Venture Rewards Credit Card Rewards

2x miles
All eligible purchases
2 Miles per dollar on every purchase, every day
5x miles
Hotels
5 Miles per dollar on hotels and rental cars booked through Capital One Travel

Interest Rates Winner: It’s a tie

Both cards have the same annual fee: $95, and neither card is offering a 0% introductory rate at this time. Neither card has foreign transaction fees, which is nice because you won’t have to worry about fees if you travel internationally. The Capital One card offers both lower and higher interest rates, so it’s a wash.

Sapphire Preferred

Capital One Venture

Annual Fee

$95

$95

Foreign Transaction Fee

None

None

Regular APR

21.49%-28.49%

19.99% – 29.99%

Fee Winner: It’s a tie

Both cards have the same annual fee. Chase Sapphire Preferred® Card has a $50 statement credit for hotels booked through Chase, you could consider that the total cost of the card is actually $45. The Capital One card has an “experience credit” of $50, which is supposed to be used for dining, drinks, or other activities during a hotel stay. Sapphire Preferred‘s credit is more straightforward (who cares how you spend the $50 credit?) but since it’s the same amount of money, it’s still a tie.

Features and Benefits: Sapphire Preferred

Again, these cards are very similar in what features and benefits they offer. The Chase card offers purchase protection, which covers new purchases for 120 days against damage or theft, up to $500 per claim. This is the smallest of edges, but nevertheless, we give Chase the win.

Sapphire Preferred

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsExtended Warranty Coverage, Purchase Protection
Travel PerksAuto Rental Collision Damage Waiver, Emergency Travel Assistance, Luggage Protection, Trip Delay Reimbursement, Travel Accident Insurance, Trip Cancellation Insurance

Capital One Venture

SecurityCredit Score Monitoring, EMV Chip Enabled, Zero Liability, Alerts, Virtual Card Numbers, Card Lock
Contactless PaymentsTap to Pay, Apple Pay, Google Pay
BenefitsExtended Warranty Coverage, 24/7 customer service
Travel PerksAccess to Special Events and Concerts, Auto Rental Collision Damage Waiver, Emergency Travel Assistance, Travel Accident Insurance, TSA PreCheck & Global Entry credit

Who the Chase Sapphire Preferred® Card is Best For

The Chase Sapphire Preferred® Card is a great travel card, especially for a card with an annual fee of $95. You get some nice travel perks, such as baggage delay insurance and lost luggage insurance. This is a Visa Signature card, so it comes with benefits such as trip cancellation insurance and purchase protection.

If you don’t want to pay a hefty annual fee but you enjoy traveling, this is a great choice. If you travel frequently and want more premium travel benefits, consider the Chase Sapphire Reserve®. You’ll get a welcome bonus worth $900 and more generous rewards, such as a $300 travel credit and more points on flights, car rentals and airfare. However, the Chase Sapphire Reserve® has a hefty annual fee of $550, so you need to travel quite a bit for the card to be worth it.

People who travel occasionally, or people who travel and don’t want to pay that annual fee will be very happy with the Chase Sapphire Preferred® Card.

Who the Capital One Venture Rewards Credit Card is Best For

People who like simplicity will love the Capital One Venture Rewards Credit Card. You’ll earn 5x on travel (booked through Capital One) and 2x on all other purchases. Nothing to keep track of, nothing to sign up for. You could squeeze more value out of the Chase Sapphire Preferred® Card, but not everyone has the time or the motivation to maximize credit card rewards. And you get some nice perks such as two airport lounge visits a year, plus a $100 global entry or TSA Precheck credit. It’s more than worth the annual fee.

Those looking for more premium rewards could consider the Capital One Venture X Rewards Credit Card. You get more rewards, but the annual fee is $395. But if you travel frequently and want more rewards, it could be perfect for you.

Does it Make Sense to Get Both Cards?

If you don’t mind shelling out almost $200 on annual fees, you could get both cards. You could use the Chase card for the elevated rewards on streaming, dining, and online grocery purchases, and then use the Capital One card for everything else. You’d also get the Visa Signature benefits of the Chase card. And you’d have a wider array of travel partners to use.

Approval Odds

Chase Sapphire Preferred® Card

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 Venture Rewards Credit Card

App StatusDateCredit ScoreBureauCredit Limit
Approved07/11/2023
686
TransUnion
$5,000
Approved07/11/2023
688
Equifax
$5,000
Approved07/11/2023
691
Experian
$5,000
Approved04/19/2024
783
Experian
$3,000
Approved04/19/2024
803
Equifax
$3,000

Both cards require excellent credit. Keep in mind that if you want to apply for both cards, Chase has the 5/24 rule, which means you can not have applied for more than five cards anytime in the last 24 months. Capital One doesn’t have this rule, so apply for the Chase card first.

Bottom Line

You really can’t go wrong with either card. Both are excellent mid-tier travel rewards cards that offer a lot of value for a reasonable annual fee. If you’re on the fence, look into what travel partners each card has and see which you prefer. And happy travels!