Chase Sapphire Preferred Vs. Capital One Venture: Which Is Better?

Chase Sapphire Preferred Vs. Capital One Venture: Which Is Better?

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The Chase Sapphire Preferred® Card (review) and Capital One Venture Rewards Credit Card (review) are two of the most popular mid-range travel rewards credit cards. While the cards have similar annual fees, most other aspects of the cards differ.

I think both cards can make sense for certain consumers, but given how different they are, it’s worth understanding which card is better for your situation. In this post, I wanted to compare the two cards across a variety of factors.

Welcome bonuses: Chase Sapphire Preferred vs. Capital One Venture

Chase Sapphire Preferred: The card offers a welcome bonus of 80,000 bonus Ultimate Rewards points after spending $4,000 within the first three months.

At a minimum, Ultimate Rewards points can be redeemed for 1.25 cents each toward the cost of a travel purchase (potentially way more), giving the 80,000 points a minimum value of $1,000. However, I value them significantly more than that, at 1.7 cents each.

Capital One Venture: The card offers a welcome bonus of 75,000 bonus Venture miles after spending $4,000 within the first three months. Each Venture mile can be redeemed for one cent toward the cost of a travel purchase, or can be converted to select airline and hotel partners at 1:1 ratio. I also value Capital One miles at 1.7 cents each, giving the 75,000 Venture miles a value of $1,275.

Winner: Both cards offer excellent bonuses, but the Sapphire Preferred has the edge with a slightly higher bonus.

Both card welcome bonuses can get you great travel rewards

Approval odds: Chase Sapphire Preferred vs. Capital One Venture

Chase Sapphire Preferred: For those very involved in miles & points, getting approved for the Sapphire Preferred can be challenging. It’s subjected to the 5/24 rule, meaning you won’t be approved if you’ve opened five or more new card accounts in the past 24 months.

Furthermore, the welcome bonus isn’t available to those who currently have a Sapphire Card (including the Sapphire Reserve), or those who have received a new cardmember bonus on a Sapphire Card in the past 48 months.

Capital One Venture: The Capital One Venture bonus isn’t available to those who have or have had the card, though you are eligible if you’ve had any other Capital One card, including the Capital One Venture X Rewards Credit Card (review).

Winner: It depends on your exact situation, but I think more people will be locked out by the Sapphire Preferred rules than the Venture Card rules. See here for a full comparison of credit card application rules.

Annual fee: Chase Sapphire Preferred vs. Capital One Venture

Chase Sapphire Preferred: The card has a $95 annual fee.

Capital One Venture: The card has a $95 annual fee.

Winner: This is a tie, as both cards have the same annual fee.

Value of points: Chase Sapphire Preferred vs. Capital One Venture

Chase Sapphire Preferred: Points earned on this card can be redeemed in two primary ways:

Ultimate Rewards partners include the below (along with transfer ratios and times).

Ultimate Rewards Transfer Partner
Transfer Ratio
Transfer Time
Aer Lingus Aer Club
1000 : 1000
Instant
Air Canada Aeroplan
1000 : 1000
Instant
Air France KLM FlyingBlue
1000 : 1000
Instant
British Airways Executive Club
1000 : 1000
Instant
Emirates Skywards
1000 : 1000
Instant
Iberia Plus
1000 : 1000
Instant
JetBlue TrueBlue
1000 : 1000
Instant
Singapore Airlines KrisFlyer
1000 : 1000
~ 1 to 7 days
Southwest Rapid Rewards
1000 : 1000
Instant
United MileagePlus
1000 : 1000
Instant
Virgin Atlantic Flying Club
1000 : 1000
Instant
IHG Rewards Club
1000 : 1000
Instant
Marriott Bonvoy
1000 : 1000
~ 1 to 2 days
World of Hyatt
1000 : 1000
Instant
Chase Ultimate Rewards transfer ratios & times

Capital One Venture: Miles earned on this card can be redeemed in two primary ways:

Capital One partners include the below (along with transfer ratios and times).

Capital One Transfer Partner
Transfer Ratio
Transfer Time
Accor Live Limitless (ALL)
1000 : 500
~ 24 to 48 hours
Aeromexico Club Premier
1000 : 1000
Instant
Air Canada Aeroplan
1000 : 1000
Instant
Air France-KLM Flying Blue
1000 : 1000
Instant
Avianca LifeMiles
1000 : 1000
Instant
British Airways Executive Club
1000 : 1000
Instant
Cathay Pacific Asia Miles
1000 : 1000
~ 3 to 5 days
Choice Privileges
1000 : 1000
Instant
Emirates Skywards
1000 : 1000
Instant
Etihad Guest
1000 : 1000
~ 12 to 24 hours
EVA Air Infinity MileageLands
1000 : 750
~ 24 to 48 hours
Finnair Plus
1000 : 1000
Instant
Qantas Frequent Flyer
1000 : 1000
~ 24 to 48 hours
Singapore Airlines KrisFlyer
1000 : 1000
~ 24 to 48 hours
TAP Air Portugal Miles&Go
1000 : 1000
Instant
Turkish Airlines Miles&Smiles
1000 : 1000
~ 24 to 48 hours
Virgin Red
1000 : 1000
Instant
Wyndham Rewards
1000 : 1000
Instant
Capital One Transfer Ratios & Times

Winner: Nowadays I value both Chase Ultimate Rewards points and Capital One miles equally. While Ultimate Rewards points potentially have a higher cash-out value toward travel, both programs have excellent transfer partners.

Capital One & Chase both have great transfer partners

Ability to earn points: Chase Sapphire Preferred vs. Capital One Venture

Chase Sapphire Preferred: The card offers 5x points on travel booked through Chase Travel, 3x points on dining, online groceries, and select streaming services, 2x points on travel, and 1x Ultimate Rewards points on all other purchases. On top of that, the card offers 10% anniversary bonus points, determined from your base spending amount.

At a minimum, this means that long-term the card is earning a return of 3.75% on dining, online groceries, and select streaming services, a return of 2.5% on travel, and a return of 1.25% on other purchases (based on the ability to redeem points for 1.25 cents each, not factoring in the 10% anniversary bonus).

You can potentially get a lot more value than that, though. For example, I value Ultimate Rewards points at 1.7 cents each (thanks to the transfer ratio for travel partners), so based on my valuation you’re getting a return of 5.1% on dining, online groceries, and select streaming services, 3.4% on travel, and 1.7% on everything else. However, not everyone should value points the way I do, especially if you just plan to redeem them as cash toward the cost of a travel purchase.

Capital One Venture: The card offers 2x Venture miles on all purchases.

At a minimum, this means the card is earning a return of 2% on all purchases (based on the ability to redeem miles for one cent each toward travel purchases). But you also have the opportunity to earn 2x airline miles per dollar spent, and based on my valuation of 1.7 cents per Capital One mile, that’s like a ~3.4% return on everyday spending, which is excellent.

Winner: It very much depends on how much you spend on dining, online groceries, and travel, and how you plan on redeeming your points. The Venture Card offers 2x miles per dollar spent, while the Sapphire Preferred offers 3x points on dining (and more), 2x points on travel, and 1x points on other purchases. For everyday spending, the Venture Card is no doubt better, especially if you want to transfer rewards to an airline or hotel partner.

The Sapphire Preferred has better bonus categories

Perks: Chase Sapphire Preferred vs. Capital One Venture

Chase Sapphire Preferred: The card has no foreign transaction fees, great travel and purchase protection, primary rental car coverage, a $50 hotel credit every cardmember year, and more.

Capital One Venture: The card has no foreign transaction fees, great travel and purchase protection, secondary rental car coverage, a Global Entry or TSA PreCheck credit every four years, and offers two Capital One Lounge visits per year (currently only the DFW lounge is open).

Winner: Personally I think the Chase Sapphire Preferred has the edge for the car rental coverage and superior travel protection, though if you can take advantage of the Global Entry or TSA PreCheck credit, you may get more value out of the Capital One Venture Card. Thankfully, both cards have no foreign transaction fees.

Both cards have no foreign transaction fees, are great for purchases abroad

The potential Chase Sapphire Preferred “X-factor”

Before getting to my conclusion, it’s important to call out one thing that makes the Chase Sapphire Preferred unique. There are many ways to use the Sapphire Preferred to maximize the value you get out of your Ultimate Rewards points. That’s because you can pool points you earn on the Chase Sapphire Preferred with some other awesome Chase cards:

  • The Chase Freedom FlexSM (review) has no annual fee and offers 5x points in rotating quarterly categories, for up to $1,500 of spending per quarter, plus 3x points on dining and drugstores
  • The Chase Freedom Unlimited® (review) has no annual fee and offers 1.5x points on all purchases, plus 3x points on dining and drugstores
  • The Ink Business Cash® Credit Card (review) has no annual fee and offers 5x points on the first $25,000 of combined purchases per cardmember year on office supply stores, internet, cable TV, mobile phones, and landlines, and 2x points on the first $25,000 of combined purchases per cardmember year on restaurants and gas stations
  • The Ink Business Unlimited® Credit Card (review) has no annual fee and offers a flat 1.5x points on all purchases
  • The Ink Business Preferred® Credit Card (review) has a $95 annual fee and offers 3x points on the first $150,000 spent each cardmember year on travel, shipping purchases, internet, cable, phone services, and advertising purchases made with social media sites and search engines

As you can see, these cards are all great complements that can greatly increase the pace at which you earn Ultimate Rewards points. For example, if you pair the Chase Sapphire Preferred with the no annual fee Chase Freedom Unlimited you’d earn 3x points on dining, online groceries, streaming services, and drugstores, 2x points on travel, and 1.5x points on all other purchases, which is an incredible rewards structure with a single $95 annual fee.

Of course, this assumes that you’re willing to get multiple cards, which some people aren’t.

The Capital One Venture has a straightforward points structure without many bonus categories, and there are some limited opportunities to pair it with other cards. For example, the Capital One SavorOne Cash Rewards Credit Card (review) is a cash back card that offers 3% cash back on dining, grocery stores, entertainment, and popular streaming services.

If you have both the Venture and SavorOne, then you can combine rewards between the two accounts, and each cent will get you one Capital One mile. So this is a good opportunity, but as you can see, the opportunities aren’t as robust as with Chase cards.

Get several Chase credit cards to maximize your points

So, which card is better?

The Capital One Venture is a well-rounded card for anyone who doesn’t spend a lot in categories that are otherwise eligible for bonuses. The card offers a generous welcome bonus, no foreign transaction fees, Global Entry fee credit, and more. The card also offers an excellent return for those who are looking for cash back toward travel, and Capital One also has great airline and hotel transfer partners.

The Chase Sapphire Preferred, on the other hand, offers bonus points on dining and travel, and best of all, the ability to combine points with some other great cards that have excellent bonus categories as well. On top of that, the card has an exceptional welcome bonus, a $50 annual hotel credit, and more.

Between these two cards, I’d say that if you just want to use one card for everything and don’t spend that much on dining and travel, the Venture Card is a solid option. The card is straightforward and flexible, and that’s awesome.

Meanwhile, if you do spend a lot on dining and travel, and if you’re willing to combine the card with some other excellent ones, the Sapphire Preferred would be my first choice. That’s especially true with the current bonus, which is phenomenal.

Personally, I think the combination of the Chase Sapphire Preferred and the Chase Freedom Unlimited is tough to beat if you’re willing to get two cards.

Which do you prefer — the Capital One Venture Card or Chase Sapphire Preferred Card?

Conversations (9)
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  1. Dwieder New Member

    In the past I used Cap One purchase eraser exclusively but I was wondering if anyone thinks there’s any potentially more valuable ways to use venture points. Especially if you have 250k +

  2. Sherman Guest

    The Chase $50 hotel credit is super hard to use as their travel portal sucks so much and it's always more expensive even after the $50 travel credit.

  3. Jan Guest

    If you travel even a little bit (which I assume people are, since they are on this site), Venture X's $300 travel credit and 10000 mi anniversary bonus > $395 Annual fee.
    And their travel portal is run by Hopper, which pretty much has the best rates around (better than Chase's portal).
    If you're going Capital One, there's no reason to go Venture or Venture One.

  4. Dario Guest

    FYI, every travel blog labels UR point transfers to Hyatt and Southwest as instant, but my last 3 transfers to each program have all taken anywhere from 36-54 hrs. I don't think it's instant anymore.

    1. ECR Guest

      Interesting, I've made multiple Chase-->Hyatt transfers this year that went through instantly; however, I've had delays transferring Amex-->Aeroplan two different times even though this combination is widely listed as instant on blogs.

  5. eponymous coward Guest

    SavorOne covers groceries (which is even a bigger category than AMEX US supermarkets, as this covers local grocery stores and corner bodegas, plus outside US grocery spend), as well as entertainment (live sports, movies, streaming, concerts) and dining. I think SavorOne + a Capital One VentureOne/Venture/VentureX is a sneakily underrated combination, and you can pair VentureOne and SavorOne with s Quicksilver and get NO ANNUAL FEE minimum 1.5x and many categories 3x, which pretty much...

    SavorOne covers groceries (which is even a bigger category than AMEX US supermarkets, as this covers local grocery stores and corner bodegas, plus outside US grocery spend), as well as entertainment (live sports, movies, streaming, concerts) and dining. I think SavorOne + a Capital One VentureOne/Venture/VentureX is a sneakily underrated combination, and you can pair VentureOne and SavorOne with s Quicksilver and get NO ANNUAL FEE minimum 1.5x and many categories 3x, which pretty much blows any no annual fee airline card out of the water on earning, if you’re in the “I’m not spending on annual fees” club and there’s no Citi/AMEX/Chase combo that can do that.

  6. betterbub Member

    If you travel with any frequency at all I don't see a reason to get the Venture in a world where the Venture X exists

  7. Guy Guest

    Doesn't the Venture card also come with two visits to the Capital One lounges (as sparse as they are)?

    https://www.capitalone.com/credit-cards/venture/

  8. Will Guest

    @ben - delta just got approval to fly a triangular route between Atlanta joberg and Cape Town.

Featured Comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

Dwieder New Member

In the past I used Cap One purchase eraser exclusively but I was wondering if anyone thinks there’s any potentially more valuable ways to use venture points. Especially if you have 250k +

0
ECR Guest

Interesting, I've made multiple Chase-->Hyatt transfers this year that went through instantly; however, I've had delays transferring Amex-->Aeroplan two different times even though this combination is widely listed as instant on blogs.

0
Sherman Guest

The Chase $50 hotel credit is super hard to use as their travel portal sucks so much and it's always more expensive even after the $50 travel credit.

0
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