Capital One® Venture® Rewards vs. Chase Sapphire Preferred® 2019



There used to be two distinct strategies for earning travel rewards from your credit cards. One was to earn airline miles or hotel points and redeem those rewards directly with the travel provider. The other was to use a general-purpose credit card that offered rewards that could be redeemed for statement credit toward travel expenses.
While there are advantages to both kinds of credit cards, you no longer have to choose between these two competing strategies. Both the Capital One® Venture® Rewards card and the Chase Sapphire Preferred® card now offer multiple ways to earn travel rewards. You can redeem your rewards for travel reservations or transfer them to airline miles.
Let’s take a look at these two leading travel rewards cards and see which one is best for your needs.

Capital One® Venture® Rewards
Chase Sapphire Preferred®
Annual Fees
$95, waived for first year
$95
Signup Bonus
50,000 miles after spending $3,000 within three months of account opening
60,000 bonus points after spending $4,000 within three months of account opening.
Introductory Financing
None
None
Rewards for Spending
2x miles on all purchases10x miles on bookings made through webpage hotels.com/venture (through January 2020)
2x Ultimate Rewards points on travel and diningOne point per dollar spent elsewhere

Foreign Transaction Fees
None
None
Travel Benefits
24-hour travel assistanceTravel accident insuranceRoadside assistanceAuto rental collision damage waiverUp to a $100 statement credit toward Global Entry or TSA PreCheck application fee
Trip cancellation or interruption insuranceAuto rental collision damage waiverBaggage delay insuranceTrip delay reimbursementTravel and emergency assistance services
Shopping Benefits
Purchase protectionExtended warranty protectionPremier access to culinary, sports and entertainment events
Purchase protectionExtended warranty protection
Mobile Wallet Compatibility
Apple Pay, Google Pay and Samsung Pay
Apple Pay, Google Pay and Samsung Pay
Contactless Payment Compatibility
Yes
No
Customer Service
Phone: 24/7
Live Chat, Phone: 24/7

Capital One® Venture® Rewards Review
Chase Sapphire Preferred® Review
About Capital One® Venture® Rewards

Capital One® Venture® Rewards is Capital One®‘s top-of-the-line travel rewards card. With a relatively low annual fee of $95 plus lots of travel benefits that keep on expanding, it’s a good card for people who want to save money on travel. The card’s newest benefits include credit toward Global Entry or TSA PreCheck applications, a partnership with Hotels.com and the ability to transfer miles.
We reviewed the Capital One® Venture® Rewards card and liked its many features, as well as the strong welcome bonus that gives you up to $500 worth of travel statement credits. However, its miles-transfer ratio isn’t the best around.
About Chase Sapphire Preferred®

This card is the less-glamorous sibling of the uber-luxurious Chase Sapphire Reserve®. Still, in our review, we didn’t find its bonuses and features lacking.
The Chase Sapphire Preferred® starts members off with a generous signup bonus. In addition, it offers increased rewards for travel and dining purchases. You can redeem your points for a number of awards, including cash back, merchandise and travel reservations. You can also transfer your rewards to airline miles or hotel points.

How Are They the Same?
Both cards offer a lot of features. First, let’s discuss their similarities.
Both cards have the same annual fee: $95.
Neither card charges a foreign transaction fee, so you can shop without racking up extra costs on your travels.
Both cards offer purchase and travel protection.
Both cards have mobile wallet compatibility.
Rewards Comparison
Capital One® Venture® Rewards
Capital One® Venture® offers new applicants 50,000 bonus miles after spending $3,000 within three months of account opening. It also offers double miles per dollar spent on all purchases, with no limits. You can also earn 10x miles per dollar spent at Hotels.com/venture through January 2020.
Until recently, the only way to redeem Capital One® miles was as statement credit toward travel reservations. When you do this, miles are worth 1 cent toward your travel purchases including airfare, hotels, car rentals, cruises and tours. But now, you can also transfer your Capital One® miles to frequent flyer miles with 15 frequent flyer programs including:
Aeromexico (Club Premier)
Air Canada (Aeroplan)
Air France–KLM (Flying Blue)
Alitalia (MilleMiglia Program)
Cathay Pacific (Asia Miles)
Avianca (LifeMiles)
Emirates (Emirates Skywards)
Etihad Airways (Etihad Guest)
EVA Air (Infinity MileageLands)
Finnair (Finnair Plus)
Hainan Airlines (Fortune Wings Club)
JetBlue (TrueBlue)
Qantas (Qantas Frequent Flyer)
Qatar Airways (Privilege Club)
Singapore Airlines (KrisFlyer)
Just note that transfers to most programs receive only 1.5 airline miles for every two Capital One® miles redeemed. Nevertheless, this transfer ratio still offers cardholders 1.5 airline miles per dollar spent, which is superior to typical airline credit cards that offer only one mile per dollar spent on most purchases.
Chase Sapphire Preferred®
This card is currently offering new applicants 60,000 points after spending $4,000 within three months of account opening. You also earn 2x points for all travel and dining purchases and one point per dollar spent elsewhere.
Chase Sapphire Preferred® was one of the first premium travel rewards cards to offer transfers of points to airline miles. You can transfer your Ultimate Rewards points to miles with the following frequent flyer programs:
Aer Lingus (AerClub)
British Airways (Executive Club)
Air France–KLM (Flying Blue)
JetBlue (TrueBlue)
Singapore Airlines (KrisFlyer)
Southwest Airlines (Rapid Rewards)
United Airlines (MileagePlus)
Virgin Atlantic (Flying Club)
Iberia (Iberia Plus)
Also, you can transfer your rewards to points with the following three hotel programs:
World of Hyatt
Marriott Bonvoy
IHG Rewards Club
Besides transferring rewards to airline miles or hotel points, you also have the option of redeeming your rewards directly for travel purchased through the Chase Ultimate Rewards travel center, which is powered by Expedia. Rewards options include airfare, hotels, car rental, cruises, activities and transfers. Points are worth 1.25 cents each when you redeem them for travel directly through the Chase Ultimate Rewards travel center.

Signup Bonuses
The Capital One® Venture® Rewards card lets new users earn 50,000 miles when they spend $3,000 with their card during the first three months after opening an account.
The Chase Sapphire Preferred® card lets cardholders earn 60,000 Ultimate Rewards points when they spend $4,000 in card transactions within the first three months after they open an account.

Total Value
The Chase Sapphire Preferred® card offers only one point per dollar spent on most purchases, which is worth only 1.25 cents toward travel reservations booked through Chase. You can also transfer one point for one frequent flyer mile or one hotel point. While Chase offers double points for all travel and dining purchases, it may not make up for the difference between it and the double points you could earn on all purchases with the Capital One® Venture® Rewards card. The latter card holds the advantage because each dollar of spending is worth 2 cents in travel statement credits or 1.5 frequent flyer miles with most of Capital One®‘s airline transfer partners.
On the other hand, the Chase Sapphire Preferred® card offers what most cardholders would consider superior airline transfer partners. For example, you can transfer your Ultimate Rewards points to United, Southwest, JetBlue and British Airways, which offers awards on its partner American Airlines. The only U.S.-based transfer partner the Capital One® Venture® Rewards card has is JetBlue.
As for hotel transfer partners, Capital One® has none, whereas the Chase Ultimate Rewards program has three hotel transfer partners. Of those three, Hyatt is by far the most attractive option since it offers award nights starting at just 5,000 points, with most properties available for just 15,000 points per night or less.
The Chase Sapphire Preferred® card also has the advantage of being part of an ecosystem of Chase cards including Freedom, Freedom Unlimited and Ink for Business cards. When you earn rewards with any of these cards, you can transfer them to your Chase Sapphire Preferred® account and redeem them just like any other points you earned. You can even transfer your points between household members. Capital One® also allows you to combine miles from its Spark®® Miles business card and the no-fee VentureOne® card.

Who Are They Best For?
The Capital One® Venture® Rewards is better for frequent travelers who want a simpler way to earn and redeem rewards.
The Chase Sapphire Reserve® card offers a better value and better rewards but takes more “work” to get the best benefits.

Conclusion
These two cards offer competing visions of how to earn and redeem travel rewards. The Capital One® Venture® Rewards card could be thought of as a simpler model that offers superior rewards for most purchases that can be redeemed the easiest. Yet the Chase Sapphire Reserve can offer some cardholders superior value when they are able to utilize its more versatile transfer partners while combining its rewards with other Chase cards. By closely examining the features and benefits of these two leading travel rewards cards, you’ll find the one that makes the most sense for your needs.



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