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The Chase Sapphire Reserve® is another premium credit card; it launched in 2016 and quickly became a popular choice for travelers looking to earn valuable rewards and take advantage of high-end benefits.
Both cards also come with high annual fees, so you might think twice before having both in your wallet. But which one is best?
Select walks you through the benefits of both cards so you can choose the one that aligns with your financial and travel needs.
Earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2025
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
19.24% - 26.24% variable
Balance transfer fee
5%, minimum $5
Foreign transaction fee
Unlimited 2X miles on all eligible purchases, and 5X miles on flights and 10X miles on hotels and rental cars when booked via Capital One Travel portal
Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening
18.49% - 25.49% variable APR
Balance transfer fee
3% for promotional APR offers; none for balances transferred at regular APR
Foreign transaction fees
See our methodology, terms apply.
The Venture X is currently offering a large welcome bonus of 75,000 Capital One miles after cardholders spend $4,000 within the first three months. Capital One miles can be redeemed through the Capital One Travel portal or transferred to one of 17 airline or hotel partners. When these points are redeemed through the Capital One Travel portal, they're worth $750.
The Sapphire Reserve is offering new cardholders the chance to earn 60,000 Ultimate Rewards® bonus points after they spend $4,000 on purchases in the first three months from account opening. Similar to Capital One miles, Chase points can be redeemed through the Chase travel portal or transferred to one of its 14 airline and hotel partners. The 60,000 bonus points are worth $900 when redeemed through the Chase travel portal.
Winner: Capital One Venture X, as you can earn twice as many rewards points with the current welcome bonus.
Each card has its own unique spending categories, so you'll want to choose your card based on where you spend the most money.
Cardholders with the Venture X can earn:
- 10X miles per dollar spent on hotels and rental cars booked through Capital One Travel
- 5X miles per dollar spent on flights booked through Capital One Travel
- 2X miles per dollar spent on all other eligible purchases
The Sapphire Reserve earns:
- 10X points per dollar spent on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® portal after the first $300 spent on travel purchases annually
- 10X points per dollar spent on Chase Dining purchases with Ultimate Rewards®
- 5X points per dollar spent on flights when you purchase travel through Chase Ultimate Rewards® portal after the first $300 is spent on travel purchases annually
- 3X points per dollar spent on dining at restaurants, including eligible delivery services, takeout and dining out
- 3X points per dollar spent on other travel purchases worldwide (such as airlines, hotels, motels, timeshares, car rental agencies, public transportation and at gas stations) after the first $300 is spent on travel purchases annually
- 1X point per dollar spent on all other purchases
Winner: Unless you're booking a significant amount of travel through the Capital One Travel portal, the Chase Sapphire Reserve® offers much broader bonus categories. If you don't frequently dine out though, earning 2X miles on all of your purchases is a pretty good deal.
Once you earn the rewards, the fun part is redeeming them for free travel. However, some rewards are more valuable than others because of the redemption options.
With the Venture X, you have a few options to choose from. You can use your points for recent travel-related purchases in the form of a statement credit, or redeem them for travel through the Capital One Travel portal at a rate of one cent per point. You can also redeem them for gift cards or cash, but the redemption rate is less than one cent per point. Overall, the most valuable way to redeem Capital One miles is to transfer them to one of the 17 different hotel and airline loyalty program partners.
The Sapphire Reserve provides similar options but at different valuations. You can either redeem your Ultimate Rewards by booking travel through the Chase travel portal at 1.5 cents per point, or you can transfer them to one of the 14 hotel and airline loyalty program partners. You can also take advantage of other redemptions like Pay Yourself Back, gift cards, cash and Chase Dining experiences.
Winner: Chase Sapphire Reserve®. While both cards offer a variety of options for redeeming rewards, the Sapphire Reserve wins since points can be redeemed for a minimum value of 1.5 cents per point when cardholders book travel through the Chase travel portal. Cardholders redeeming their rewards through the Capital One Travel portal only get a 1 cent per point value.
Both cards come with a long list of features, including travel and lifestyle benefits. When analyzing these perks, it's important to reflect on your own needs to determine which perks you would take advantage of. The more benefits you can use, the faster you'll offset the cost of the annual fee.
The Venture X comes with:
- $300 travel credit: Receive up to $300 back in statement credits when booking through Capital One Travel
- 10,000 bonus anniversary miles: Every year, you'll get 10,000 bonus miles, starting on your first account anniversary
- $100 TSA PreCheck®/Global Entry credit: You can receive up to $100 every four years after you apply for either TSA PreCheck or Global Entry
- Airport lounge access: Cardholders get access to Priority Pass and Capital One lounges
- Complimentary Hertz President's Circle status: Benefits include the option to skip the counter and e-return, the widest vehicle selection, guaranteed upgrades, free additional driver and more
- Cell phone insurance: Up to $800 in coverage if your phone is stolen or damaged
The Sapphire Reserve comes with:
- $300 annual travel credit: Receive up to $300 back as statement credits for any purchases that register as travel on your card statement
- $100 TSA PreCheck/Global Entry credit: You can receive up to $100 every four years after you apply for either TSA PreCheck or Global Entry
- Complimentary DashPass: This benefit is worth about $119, but you must enroll by December 31st, 2024
- Lyft Pink membership: Receive 15% off car rides, relaxed cancellations and priority airport pickups
- Priority Pass Select airport lounge access: Get access to 1,000+ airport lounges in over 500 cities worldwide
- Cell phone insurance
Winner: Tie. While the Venture X is very focused on travel-related benefits, the Sapphire Reserve has more lifestyle benefits like Peloton credits and Lyft Pink membership. In this case, one card is not better than the other. It simply comes down to each consumer and what they find more valuable.
It's important to consider the annual fees before applying for a premium credit card. High annual fees typically mean the card comes with a long list of perks and statement credits that can help offset the cost. To get the most value out of your card, it's important to take advantage of as many benefits as possible.
The Venture X has a $395 annual fee, while the Sapphire Reserve has a $550 annual fee. Additionally, the Venture X doesn't charge for adding authorized users, while the Sapphire Reserve charges $75 each per year.
Winner: Capital One Venture X credit card. The annual fee is much more manageable, and authorized users can enjoy the same benefits for no additional cost.
While both cards have great benefits and generous rewards categories for cardholders looking to earn a lot of rewards, the scale slightly leans toward the Capital One Venture X. The welcome offer is more valuable than the Sapphire Reserve's, and you can easily offset the cost of the annual fee when you take advantage of the various statement credits.
While we think the Venture X is the winner in this matchup, the Sapphire Reserve is still an excellent card for anyone who can afford the annual fee and make full use of the benefits.
It's important to remember is there isn't a single best credit card for everyone. The best credit card is the one that benefits you the most through its features, spending categories and rewards.
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