Chase Sapphire Preferred vs. Capital One VentureOne Rewards Credit Card: Which is Better?

With summer fast approaching, many Americans are planning trips to locales near and far. If you’re going out, you can earn rewards and save money by using one Travel credit card. These cards enable you to rack up points and miles on your credit card purchases and then redeem them for free or discounted round-trip flights, hotel stays and other benefits.

Has a top rate Travel credit card Your wallet can help you save money and provide security while you’re on the go. Among the many offers you can choose from are the Chase Sapphire Preferred® Card and the Capital One VentureOne Rewards Credit Card, both of which are highly regarded by frequent travelers.

In this article we’ll review how each card performs in specific categories to determine which comes out on top. Learn more about the Chase Sapphire Preferred Card and the Capital One VentureOne Rewards Card here.

Chase Sapphire Preferred vs. Capital One VentureOne Rewards Credit Card: Which is Better?

Below, we’ll compare these two cards in seven categories.

welcome bonus

The Chase Sapphire Preferred card comes with a welcome bonus of 80,000 bonus miles after you spend $4,000 within the first three months of account opening. While the spending requirement is higher than a budget-level card like the Capital One VentureOne Rewards Card, the generous donation of miles for travel is worth $1,000 when you redeem them through Chase Ultimate Rewards.

In contrast, the VentureOne Rewards card offers 20,000 bonus miles if you spend $500 within three months of opening your account. The bonus miles are considerably lower than the 80,000 bonus miles its competitors offer, but it’s still more than many other cards that don’t charge an annual fee. Also, the $500 spending requirement should be within reach of most cardholders.

Winner: tie the best Reward card The reason will probably depend on your budget and how much you plan to spend after opening an account.

Award rate

The difference in rewards on this card is stark. The Chase Sapphire Preferred has a category-based rewards structure with many perks, while the Capital One VentureOne Rewards keeps it simple with two reward categories and a flat-rate structure. Here’s how the awards compare to these Credit card:

Winner: Chase Sapphire is preferred. While both cards offer five points per dollar booked through their respective portals, and VentureOne has a higher value per dollar on non-travel transactions, Chase offers more opportunities to earn higher value. Now know more about Chase Sapphire Preferred Card here.

APR

Chase Sapphire Preferred has a variable annual percentage rate (APR) ranging from 20.99% to 27.99%. Unfortunately, the card issuer does not offer promotional APRs on purchases or Balance Transfer.

In contrast, VentureOne Rewards offers an intro APR of 0% for 15 months on purchases and balance transfers. This gives you plenty of time to stop shopping before the standard rate kicks in between 19.74% and 29.74%. Remember, balance transfers come with a transfer fee of 3% of the amount you transfer in the first 15 months.

Winner: Capital One Venture One Award. If you’re charging for air travel, hotel stays or other big purchases, VentureOne Rewards’ interest-free promotional period gives you plenty of time to pay off the balance interest-free. Learn more about the Capital One VentureOne Rewards Card here.

Annual fee

The Chase Sapphire Preferred comes with a $95 annual fee, which is more than offset by the card’s hefty bonuses and perks. For its part, VentureOne Rewards does not charge an annual fee and still offers attractive travel benefits and redemption options.

Winner: You can’t beat the $0 fee, so Capital One wins the VentureOne award here.

convenience

On top of the generous welcome bonus, the Chase Sapphire Preferred offers many perks, including a $50 annual hotel credit, a 10% anniversary points bonus and free delivery from Doordash and at least one year of complimentary membership to DashPass for discounted service fees. You can also enjoy comprehensive travel and purchase protection with primary rental car coverage, trip delay and trip cancellation insurance, and baggage delay insurance.

Like the Chase Sapphire Preferred, you won’t pay a foreign transaction fee if you use the Capital One VentureOne Rewards Card abroad. VentureOne also includes the usual lineup of World Elite MasterCard travel and shopping benefits, such as trip interruption and trip cancellation insurance, car rental insurance and extended warranties on the items you purchase.

Winner: Chase Sapphire offers many of the same amenities as the likes of the VentureOne and offers additional valuable benefits Now know more about Chase Sapphire Preferred Card here.

Redemption option

If you want to redeem rewards earned with Chase Sapphire Preferred Rewards, you can use your points to book travel accommodations through the Chase Ultimate Rewards portal at a fixed rate of 1.25 cents per point. You can transfer awards to Chase travel partners, including Hyatt and United Airlines. Remember, redemption rates vary between travel partners, so you may receive a lower or higher value for your award.

If you don’t want to deal with expense categories and tracking your rewards, you may prefer VentureOne’s simplified redemption program. The easiest way to redeem rewards is to book travel with Capital One Travel using your miles. Alternatively, you can transfer your miles between Capital One’s 15 airline partners. Redemption values ​​may vary by travel partner, but most have a value ratio of 1:1. If you don’t plan to book travel anytime soon, you can convert your award to cash, either by check or as a credit on your statement.

Winner: Chase Sapphire gets a slight edge here with a more extensive travel partner list that includes United, Southwest and Virgin Atlantic. While Capital One’s partner list is strong, it does not have any domestic airline services

Credit score

Generally, you need a credit score of 700 or higher to qualify for the Chase Sapphire Preferred Credit Card.

Capital One says you must have excellent credit to qualify for the VentureOne Rewards credit card. According to card issuer guidelines, you may not be eligible if you’ve ever filed for bankruptcy, defaulted on a loan or are more than 60 days late on credit or medical payments within the past year.

Winner: tie Although some applicants with poor credit profiles are approved for the Sapphire Preferred, you’ll likely need a credit score of at least 700 or higher to qualify for either card.

Bottom line

The Chase Sapphire Preferred and Capital One VentureOne Rewards credit cards are neck-and-neck in terms of the benefits and value they offer to their cardholders. Overall, the Sapphire Preferred beats the VentureOne head-to-head, but really, which credit card is best for you will depend on your personal needs and wants.

If you prefer a no-fuss card with a flat-reward structure and no annual fee, the VentureOne Rewards Credit Card is probably your best option. But if you don’t mind shelling out the $95 annual fee, you can find even more award opportunities that offset the fees and accessibility on popular airline carriers with the likes of Chase Sapphire.

The opinions expressed herein are solely those of the author and not those of any bank, credit card issuer, hotel, airline or other entity. This content has not been reviewed, endorsed or otherwise approved by any entity included in the post.