Welcome Bonus
Both cards offer a similar welcome bonus. The Chase Sapphire Preferred® Card is currently offering 60,000 bonus points when you spend $4,000 in the first 3 months.
The Capital One Venture Rewards Credit Card offers a slightly higher bonus: 75,000 bonus points when you spend $4,000 in the first 3 months.
It would seem that the Capital One Venture Rewards Credit Card comes out ahead here, but 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 welcome bonuses are valued at $750.
Cash Back Rewards
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.
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:
Capital One Venture Rewards Credit Card
Rewards:
Rates and Fees
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. Both cards have very similar rates and fees, so it's a tie.
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 as well, 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 just 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
The credit score data provided for some of the cards listed below comes from publicly available information in several forums. The accuracy of the information cannot be verified. Keep in mind that credit card issuers consider more than an applicant’s credit score and that underwriting standards change over time.
Chase Sapphire Preferred® Card
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 03/23/2022 | Equifax | ||
| Approved | 03/23/2022 | Experian | ||
| Approved | 09/21/2022 | Experian | ||
| Approved | 05/28/2022 | Not Provided | ||
| Approved | 06/26/2022 | Equifax | ||
| Approved | 06/26/2022 | Experian | ||
| Approved | 06/26/2022 | TransUnion | ||
| Approved | 07/06/2022 | Experian | ||
| Approved | 09/21/2022 | Equifax | ||
| Approved | 12/04/2022 | Experian | ||
| Denied | 08/07/2022 | Not Provided |
Capital One Venture Rewards Credit Card
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 11/08/2020 | Not Provided | ||
| Approved | 08/30/2020 | Experian | ||
| Approved | 08/30/2020 | TransUnion | ||
| Approved | 08/30/2021 | Equifax | ||
| Approved | 10/25/2021 | Experian | ||
| Approved | 10/25/2021 | Equifax | ||
| Approved | 10/25/2021 | TransUnion |
Both cards have similar approval odds. You'll need excellent credit for either card, and credit limits are also pretty similar.