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

Welcome to our comprehensive guide comparing Capital One Venture and Chase Sapphire Preferred credit cards. Choosing the right credit card can be daunting, but we are here to help you make an informed decision.

In this guide, we’ll compare both cards’ rewards, benefits, fees, and features to help you decide which is the best fit for your needs. Let’s dive in!

Rewards

Both Capital One Venture and Chase Sapphire Preferred offer generous rewards for everyday purchases. With the Capital One Venture card, you’ll earn 2x miles on every purchase. Miles can be redeemed for travel purchases, gift cards, or cash back.

On the other hand, Chase Sapphire Preferred offers 2x points on travel and dining and 1x points on everything else.

Points can be redeemed for travel, cash back, or gift cards. If you’re someone who frequently dines out and travels, Chase Sapphire Preferred may be a better fit for you.

Benefits

When it comes to benefits, both cards offer valuable perks to their users. Capital One Venture offers up to a $100 credit towards Global Entry or TSA PreCheck, which can save you time and hassle at the airport.

Additionally, cardholders receive travel accident insurance, 24-hour travel assistance, and extended warranty protection on purchases.

Chase Sapphire Preferred offers similar benefits, including trip cancellation/interruption insurance, baggage delay insurance, and primary rental car insurance.

One notable benefit of the Chase Sapphire Preferred card is that points are worth 25% more when redeemed through the Chase Ultimate Rewards portal.

Fees

Both credit cards have an annual fee, but the fee for Chase Sapphire Preferred is slightly higher than that of Capital One Venture. The annual fee for Capital One Venture is $95, while the annual fee for Chase Sapphire Preferred is $95.

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However, if you frequently dine out and travel, the benefits of Chase Sapphire Preferred may outweigh the slightly higher annual fee.

Features

Capital One Venture and Chase Sapphire Preferred offer similar features, but key differences exist.

Capital One Venture offers a one-time bonus of 60,000 miles when you spend $3,000 in the first three months of account opening.

Additionally, the card has no foreign transaction fees, making it a great option for international travel. Chase Sapphire Preferred also offers a one-time bonus of 100,000 points when you spend $4,000 in the first three months of account opening.

However, the card does charge foreign transaction fees, so it may not be the best option for frequent international travelers.

Comparison Chart

To help you make an informed decision, we’ve created the following comparison chart:

FeaturesCapital One VentureChase Sapphire Preferred
Rewards2x miles on all purchases2x points on travel and dining, 1x point on everything else
Benefits$100 Global Entry/TSA PreCheck credit, travel accident insurance, 24-hour travel assistance, extended warranty protectionTrip cancellation/interruption insurance, baggage delay insurance, primary rental car insurance
Annual Fee$95$95
Welcome Bonus60,000 miles when you spend $3,000 in the first 3 months100,000 points when you spend $4,000 in the first 3 months
Foreign Transaction FeesNoneYes

Capital One Venture and Chase Sapphire Preferred credit cards offer generous rewards, benefits, and features.

The right card for you will depend on your spending habits, travel needs, and personal preferences. Chase Sapphire Preferred may be the better fit if you frequently dine out and travel.

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If you are looking for a straightforward rewards program that offers a flat rate on all purchases, the Capital One Venture card may be the better choice.

Additionally, the Capital One Venture card has no foreign transaction fees, making it a great option for international travel.

On the other hand, if you value premium travel benefits like trip cancellation/interruption insurance and primary rental car insurance, the Chase Sapphire Preferred card may be the better option.

Ultimately, the best credit card for you will depend on your spending habits and preferences. We hope this guide has helped you understand the similarities and differences between the Capital One Venture and Chase Sapphire Preferred credit cards and has given you the information you need to make an informed decision.

Remember always to read the fine print and understand the terms and conditions of any credit card before applying. Thank you for reading, and happy travels!

Are Chase points worth more than Capital One?

It depends on how you use them. Chase Ultimate Rewards points can be redeemed for travel through the Chase Ultimate Rewards travel portal, where they are worth 25% more.

Additionally, if you have the Chase Sapphire Preferred card, you can transfer your points to airline and hotel partners at a 1:1 ratio, potentially getting even more value.

Capital One Venture miles, on the other hand, are worth 1 cent each and can be redeemed for travel purchases made with the card.

Is Chase Sapphire a high-end card?

Yes, the Chase Sapphire Preferred is considered a high-end card. It offers a variety of premium benefits, including trip cancellation/interruption insurance, baggage delay insurance, and primary rental car insurance.

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Additionally, the card has a metal design and is marketed toward frequent travelers and those looking for premium benefits.

What is the best Chase Sapphire Preferred benefits?

The Chase Sapphire Preferred card offers a variety of valuable benefits, including:

  • Trip cancellation/interruption insurance
  • Baggage delay insurance
  • Primary rental car insurance
  • Purchase protection
  • Extended warranty protection
  • 24/7 customer service and travel assistance
  • No foreign transaction fees

How much is the Chase Sapphire Preferred annual fee?

The annual fee for the Chase Sapphire Preferred card is $95.

Is the Chase Sapphire Preferred Card better than the Capital One Venture Rewards Credit Card?

The answer depends on your spending habits and what you value in a credit card. The Chase Sapphire Preferred card offers more premium travel benefits, such as trip cancellation/interruption insurance and primary rental car insurance, as well as the ability to transfer points to airline and hotel partners at a 1:1 ratio.

On the other hand, the Capital One Venture card offers a flat rate on all purchases and has no foreign transaction fees. Ultimately, the better card for you will depend on what benefits are most important to you.

What’s harder to get, the Chase Sapphire Preferred Card or the Capital One Venture Rewards Credit Card?

Both cards have their own eligibility requirements, but there is no evidence to suggest that one is harder to get than the other.

Both cards require good to excellent credit to be approved, and other factors, such as your income and debt-to-income ratio, may also be taken into consideration. However, as with any credit card, the best way to increase your chances of approval is to have a good credit score and a solid credit history.