fbpx

Chase Sapphire Preferred vs. Capital One Venture Card: Which is Right for You?

Sapphire Preferred vs. Capital One Venture

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For more information check out our Advertising Disclosure.

 

Shelling out hundreds of dollars in annual fees on premium credit cards isn’t for everybody. We get it and there are plenty of travel rewards credit card options out there that earn lucrative travel rewards while costing you less than $100 each year.

Two of our favorites in this space are the Capital One Venture Rewards credit card and the Chase Sapphire Preferred card. In this post, we will break these cards down to help you make the decision on which one is right for you.

 

 

Click Here to get more information about the Capital One Venture Rewards Card. 

 

 

Click Here to get more information about the Chase Sapphire Preferred Card. 

 

Annual Fee

The annual fee on both the Chase Sapphire Preferred and the Capital One Venture card is $95. However, both cards waive the fee in your first year of card membership. This makes your out of pocket cost for year one on both cards $0. Having no out of pocket cost on either of these cards is a big factor in making them approachable for beginners and why they both make great travel rewards starter cards.

Winner: Tie.

 

Welcome Offer Bonus

Both the Chase Sapphire Preferred & the Capital One Venture Rewards card offer a sign-up bonus of 50,000 points after meeting the minimum spending requirement. This is quite generous considering neither card is costing you any money out of pocket for the first year as discussed above.

Capital One Venture Card: Earn 50,000 miles after spending $3,000 in the first three months of card membership. Since Capital One Venture miles are worth a flat 1 cent each, this sign up bonus is worth $500 towards travel.

Chase Sapphire Preferred Card: Earn 50,000 Chase Ultimate Rewards points after you spend $4,000 within the first three months of card membership. Since Ultimate Rewards points are worth 1.25 cents each when redeemed through the Ultimate Rewards travel portal, the bonus is worth at least $625 in travel.

Winner: Chase Sapphire Preferred. Although both cards have a sign-up bonus of 50,000 points, the points are not equal which we will cover in more detail shortly. Click Here to get more information about this card. 

 

Earning

Capital One Venture Card: You will earn 2x Venture miles on all purchases. Being that each mile is effectively worth 1 cent when redeemed towards travel, you are getting a 2% return on all spending with the Venture card. Also, because of Capital One’s new partnership with hotels.com, you will earn 10x miles for every dollar spent on hotel bookings through the site.

When you combine the 10x miles offered by paying with your Venture card through the Hotels.com/Venture portal with the 10% back from the hotels.com rewards program, you will effectively be getting 20% back on all hotel purchases! I don’t know of another credit card or rewards program that can offer that kind of return on spend.

 

Sapphire Preferred vs. Capital One Venture

 

Chase Sapphire Preferred Card: The Chase Sapphire Preferred earns 2x points on all restaurant and travel purchases and 1x point on all other purchases. Chase’s definition of travel is quite broad and includes airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages.

Winner: Capital One Venture card. Although Chase Ultimate Rewards points are simply worth more, the earning rate on all spending is better with the Capital One Venture card. Also, if you take advantage of the partnership with hotels.com, you can earn up to 20% back on your hotel stays. Click Here to get more information about this card. 

 

Travel Portal Booking

Booking flight deals like those you find here at Thrifty Traveler or with your Thrifty Traveler Premium subscription is one of our favorite ways to use points. In this category, one of these cards is the clear favorite.

That distinction goes to the Chase Sapphire Preferred card as your Chase Ultimate Rewards points are worth 1.25 cents each when you hold the card. Capital One Venture miles are worth 1 cent each when redeemed towards travel. Let me give you an example of how that works below. 

We recently featured a Thrifty Traveler Premium deal from Chicago to Oslo, Norway for $431.40 round trip as pictured below.

 

Sapphire Preferred vs. Capital One Venture

Flight deal recently featured on Thrifty Traveler Premium

 

Because your Chase Ultimate Rewards points are worth 1.25 cents when used to book travel through the Ultimate Rewards portal, you could book the above fare for 34,512 Chase Ultimate Rewards points. Since Capital One Venture miles are always worth a fixed 1 cent each towards travel, this same flight would cost 43,140 Capital One Venture Miles.

Winner: Chase Sapphire Preferred. Click Here to get more information about this card.

 

Transfer Partners

Transferring points to your airline accounts can unlock some serious value.  All told, Chase can transfer to nine airlines and four hotels brands. You can see a full list of Chase’s transfer partners below.

 

ProgramTypeTransfer RatioTransfer Time
Aer LingusAirline1:1Instant
Air France/KLMAirline1:1Instant
British AirwaysAirline1:1Instant
Iberia PlusAirline1:1Instant
JetBlueAirline1:1Instant
Singapore AirAirline1:112-24 hours
Southwest AirlinesAirline1:1Instant
United AirlinesAirline1:1Instant
Virgin AtlanticAirline1:1Instant
World of HyattHotel1:1Instant
IHGHotel1:11 day
Marriott RewardsHotel1:12 days

 

The Capital One Venture card added transfer partners in December of 2018. You now have the option to transfer your Capital One Venture miles to 14 different airline partners at a rate of 2:1.5. This means that for every 2 Capital One Venture miles you transfer, you will receive 1.5 airline miles in the program of your choosing. The full list of transfer partners can be found below.

 

ProgramTypeRatioTransfer Time
AeromexicoAirline2:1.5Same day
Air Canada Aeroplan Airline2:1.5Same day
Air France/KLMAirline2:1.5Same day
AlitaliaAirline2:1.5Same day
AviancaAirline2:1.5Same day
Cathay PacificAirline2:1.5Up to five business days
Emirates Airline2:1Same day
EtihadAirline2:1.5Same day
EVA AirAirline2:1.5Up to five business days
FinnairAirline2:1.5Same day
HainanAirline2:1.5Up to five business days
QantasAirline2:1.5Up to five business days
Qatar Airline2:1.5Up to five business days
SingaporeAirlines2:1Up to five business days

 

Because your Chase Ultimate Rewards points transfer at a 1:1 ratio to all of their transfer partners, we think Chase transfers offer a stronger value proposition. Additionally, Capital One is currently lacking a domestic airline transfer partner which makes this option less valuable for many cardholders.

Winner: Chase Sapphire Preferred. Click Here to get more information about this card.

 

Global Entry and TSA PreCheck

Getting through airport security and clearing immigration is a breeze if you have either a TSA PreCheck or Global Entry membership. Considering Global Entry includes a PreCheck membership, that should be an easy choice.

On June 12th, Capital One added a credit for either TSA PreCheck or Global Entry as a benefit of holding the Venture card. If you charge the membership fee for either program to your Capital One Venture card, you will be reimbursed the full amount once every four years. This is a great benefit and one that isn’t offered on many cards with an annual fee below $100.

Since Chase only offers a TSA PreCheck or Global Entry credit on their premium Sapphire Reserve credit card, Capital One’s Venture card is the clear winner here. 

Winner: Capital One Venture card. Click Here to get more information about this card. 

 

Our Analysis

By the numbers, the Chase Sapphire Preferred card wins three categories to the Capital One Venture card’s 2. Every cardholder will weigh these individual categories differently so, at the end of the day, your decision should be based on which categories you value highest.

For example, if you are looking for an affordable way to gain access to the Global Entry program, the Capital One Venture card should be your choice. However, if having the ability to transfer your points to partner airline and hotel programs is more important, the Chase Sapphire Preferred is the clear winner. 

 

Subscribe to our Newsletter, like us on Facebook, and follow us on Twitter & Instagram


Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

Leave a Reply

Your email address will not be published. Required fields are marked *