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Chase and Capital One offer a wide range of travel credit cards that can be beneficial if you’re looking to save on your next trip. The Chase Sapphire Preferred® Card and the Capital One Venture Rewards Credit Card are two comparable cards that both have $95 annual fees and an array of travel perks.
If you’re someone who typically travels often, you should consider opening one of these cards. Even if you don’t have any upcoming vacations, you can use the Sapphire Preferred or Venture Rewards to earn rewards that can offset future travel arrangements. Depending on the card you open, you can benefit from a fee credit for TSA PreCheck® or Global Entry, travel insurances and/or a generous welcome bonus.
Select breaks down the features of each card, so you can choose the best one for your needs.
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$50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining, 2X points on all other travel purchases, and 1X points on all other purchases
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®.
20.24% - 27.24% variable on purchases and balance transfers
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
5X miles on hotel and rental cars booked through Capital One Travel, 2X miles per dollar on every other purchase
Earn 75,000 bonus miles once you spend $4,000 on purchases within 3 months from account opening
N/A for purchases and balance transfers
20.24% - 28.24% variable
Balance transfer fee
0% at the regular transfer APR
Foreign transaction fee
Both cards come with a $95 annual fee, which is on the lower end when you consider some other travel cards like the Chase Sapphire Reserve® have fees of up to $550. You can more easily offset this annual fee through the rewards you earn each year. For instance, you can cover the annual fee by spending $4,750 each year on travel with the Sapphire Preferred since those purchases earn 2X points per dollar spent.
With the Venture card, you can recoup the annual fee by spending $4,750 on everyday purchases that earn 2X miles, or even faster if you book hotel and rental cars with Capital One Travel, which earn 5X miles per dollar spent.
Winner: Tie, since the annual fees are the same.
The APRs are comparable between the Chase Sapphire Preferred and Capital One Venture Rewards. Neither card offers an introductory 0% APR period on new purchases or balance transfers so you'll want to pay your bills on time and in full each month.
The Chase Sapphire Preferred charges a variable APR of 20.24% - 27.24% while the APR on the Venture Rewards is 20.24% - 28.24% variable.
Winner: Tie. Neither card offers an introductory APR period and the rates are roughly the same.
While Sapphire Preferred and Venture have a slight overlap in rewards, they provide different reward rates on other purchases. Here’s the breakdown:
- Chase Sapphire Preferred: 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining, 3X on online grocery purchases (excluding Walmart®, Target® and wholesale clubs), 3x points on select streaming services, 2X points on all other travel purchases. You can also earn 5X points on Lyft rides through March 2025 and 1X points on all other purchases.
- Capital One Venture Rewards: Earn 5X miles on hotel and rental cars when paying with your card and booking through Capital One Travel, unlimited 2X miles on all other purchases.
Additionally, the Sapphire Preferred provides cardholders an anniversary bonus. The anniversary bonus is equal to 10% of your total purchases made the previous year so if you spent $15,000 on purchases, you'll get 1,500 bonus points.
Rewards earned with both cards can be redeemed in similar ways, including travel, gift cards and merchandise. However, Chase Sapphire Preferred offers a unique bonus: If you redeem points through the Chase Ultimate Rewards® travel portal they're worth 25% more.
For example, 60,000 points are worth $600. But if you pay for your hotel or flight through the rewards portal, the value of your points increases 25% to $750.
The Capital One Venture Rewards doesn't offer a bonus redemption on miles and you must redeem miles toward travel to get the full one cent per mile return. For example, you'll generally get less value when redeeming Venture miles for gift cards or cashback.
Both cards also allow you to transfer points to a variety of airline and hotel partners. Although Capital One offers slightly more transfer partners, Chase's partners may be slightly more useful, including partners like Southwest, United and Hyatt.
Winner: Chase Sapphire Preferred, since redemptions made via Chase Ultimate Rewards receive 25% more value.
In addition to everyday rewards, you can benefit from lucrative welcome bonuses.
New Chase Sapphire Preferred cardholders can earn 60,000 bonus points after they spend $4,000 on purchases in the first three months from account opening. That's worth $750 when redeemed for travel through the Chase Ultimate Rewards® portal and potentially more when redeemed through one of Chase's many airline and hotel transfer partners.
Meanwhile, the Capital One Venture Rewards is currently offering 75,000 bonus miles after spending $4,000 on purchases within the first the months from account opening. That's worth up to $750 when redeemed as a statement credit to offset past travel purchases or more when transferred to one of Capital One's travel partners.
Winner: Tie. Although the Venture Rewards is offering more bonus miles than the Sapphire Preferred, the two welcome bonuses are worth the same.
Consumers with either card can benefit from:
- Ability to transfer points to participating frequent travel programs
- No foreign transaction fees
- Auto rental collision damage waiver
- 24 hour travel assistance services
- Purchase protection
- Extended warranty protection
- Exclusive access to culinary, music and sports events
Chase Sapphire Preferred cardholders enjoy these added perks:
- Receive 25% more value on points redeemed for travel through the Chase Ultimate Rewards® portal
- Earn 5X points on Lyft rides through March 31st, 2025
- Up to $50 annual Ultimate Rewards Hotel Credit
- Receive a complimentary DashPass membership for a minimum of one year, which provides free delivery and lower service fees from hundreds of restaurants on DoorDash orders of $12 or more (You must activate by December 31st, 2024)
- Up to $10 monthly Gopuff credit through December 31st, 2023
- Baggage delay insurance
- Lost luggage insurance
- Trip delay reimbursement
- Travel and emergency assistance services
Capital One Venture Rewards cardholders enjoy these added perks:
- Up to $100 credit for Global Entry or TSA PreCheck application fee every four years
- Two complimentary airport lounge visits each year, either to Capital One Lounges or Plaza Premium Lounges.
Winner: Chase Sapphire Preferred, since it offers a wide array of additional perks that can help you out during travel predicaments like baggage and trip delays.
The Chase Sapphire Preferred and Capital One Venture Rewards cards are two competitive options for consumers looking to take advantage of travel benefits. But at the end of the day, choosing the best card depends on your individual preferences.
If earning rewards is your main focus, there's a bit of a toss-up between the Sapphire Preferred and the Venture Rewards. The Sapphire Preferred offers more bonus categories but the Venture Rewards still stands for providing you with 2x rewards on all of your purchases. If you’re looking for a full range of travel benefits, like lost luggage insurance, trip delay reimbursement and an annual hotel credit, the Sapphire Preferred card has you covered. However, if you only travel once or twice per year, you might prefer the complimentary airport lounge visits and Global Entry or TSA PreCheck application fee credit provided by the Venture Rewards.
While these cards are both good options for travelers, you may want to consider alternatives that may be a better fit. If you’re looking for a premium credit card, check out the Capital One Venture X Rewards Credit Card, which offers up to $300 back in travel credits when booking through Capital One Travel and unlimited airport lounge visits. And if you want a no-annual-fee travel card, consider the Discover it® Miles.
For rates and fees of the Discover it® Miles, click here.