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Chase Sapphire Preferred Card vs. Capital One Venture Rewards Credit Card

Categorical rewards and flat-rate rewards face off in a $95 battle.

CNET'S PICK
Capital One Venture Rewards Credit Card
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Capital One Venture Rewards Credit Card

7.1/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards
Intro Offer
75,000 miles Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
Annual fee
$95
APR
19.99% - 29.99% (Variable)
Rewards rate
2x - 5x Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options; Earn unlimited 2X miles on every purchase, every day.
Annual Fee
Welcome offer
5x
Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
2x
Earn unlimited 2X miles on every purchase, every day.
Best for
Annual Fee
Welcome offer
Chase Sapphire Preferred® Card
Learn More

Chase Sapphire Preferred® Card

8.6/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards
Intro Offer
60,000 bonus points 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 Travel℠.
Annual fee
$95
APR
21.49% - 28.49% Variable
Rewards rate
1x - 5x 5x on travel purchased through Chase Travel℠.; 3x on dining, select streaming services and online groceries.; 2x on all other travel purchases.; 1x on all other purchases.
Rewards
Rewards redemption
Annual credits
Welcome offer
5x
5x on travel purchased through Chase Travel℠.
3x
3x on dining, select streaming services and online groceries.
2x
2x on all other travel purchases.
1x
1x on all other purchases.
Best for
Rewards
Rewards redemption
Annual credits
Welcome offer

The Chase Sapphire Preferred® Card and Capital One Venture Rewards Credit Card* are two of the best travel credit cards. They both have a $95 annual fee and good welcome bonuses, but the reward structures and redemption methods differ considerably. 

While the Venture Rewards card may be better for users who prefer simplicity -- thanks to its flat rewards rate on purchases -- most cardholders will be able to net more overall value from the Chase Sapphire Preferred Card due to its unique rewards and redemption structures. And while the Venture card may have some travel perks that look appealing on first glance -- like Capital One Lounge access -- there are some stipulations to consider.

Comparing annual fees

Winner: Tie

Both the Venture and Sapphire Preferred have a $95 annual fee, so this is a clear tie. These cards are cheaper than “premium” cards with annual fees in the $500-$700 range, but $95 is still a significant chunk of change. You should expect better value than credit cards with no annual fee, and you’ll get it if you’re intentional. Just make sure you’re getting your money’s worth by comparing your projected rewards with a no-annual-fee option by reviewing your past two to three months of expenses.

Welcome offer

Winner: Tie

With the Venture, you’ll earn 75,000 miles if you spend $4,000 in the first three months.

The Sapphire Preferred, in comparison, offers 60,000 points after spending $4,000 in the first three months. If you redeem that for travel through Chase Travel℠, it’s worth $750, according to Chase.

The Venture’s points are valued at 1 cent per point so long as you redeem for travel, meaning you’d also be able to earn $750.

However, you could potentially find an even higher per-point value if you take advantage of a point transfer to one of Chase’s travel partners, if you feel like doing that legwork.

Rewards

Winner: Chase Sapphire Preferred

The nice thing about the Capital One Venture’s rewards is that they’re consistent -- 2x miles on all purchases. Yes, you get a boost (5x miles) on hotels and rental cars booked through Capital One Travel, but other than that, you don’t have to worry about categories.

However, the Chase Sapphire Preferred’s reward categories are broad enough that the benefit is worth the minor hassle of remembering which categories have which rewards. Earning 3x points on dining, online grocery purchases (excluding Target, Walmart and wholesale clubs) and select streaming services, and 5x points on travel booked through Chase Travel℠ -- not to mention the 2x on all other travel -- makes it easy to earn outsized reward rates.

Redemption

Winner: Chase Sapphire Preferred

If you’re like me and you value consistent cash redemptions, both cards allow you to redeem rewards as a statement credit. With the Venture Rewards, however, the best value for a statement credit will be for travel purchases from the last 90 days, while Chase Ultimate Rewards can be redeemed consistently toward any purchase.

If you redeem your points toward travel, the Sapphire Preferred offers a nice 25% boost on redemption value as an incentive to do so (when redeeming through Chase Travel℠). This means your points could be worth 1.25 cents each instead of 1 cent. 

Finally, keep in mind that both cards offer the option for transferring points or miles to affiliate travel partners at a 1:1 ratio, where some consumers can sometimes find better than 1 cent per point of value. And as it happens, the partner lists are quite similar between Capital One and Chase.

How Chase Sapphire Preferred® Card and Capital One Venture Rewards Credit Card compare to other cards

CNET’S PICK
Chase Sapphire Preferred® Card
Learn More

Chase Sapphire Preferred® Card

8.6/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards
Intro Offer
60,000 bonus points 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 Travel℠.
Annual fee
$95
APR
21.49% – 28.49% Variable
Intro Purchase APR
N/A
Rewards rate
1x – 5x 5x on travel purchased through Chase Travel℠.; 3x on dining, select streaming services and online groceries.; 2x on all other travel purchases.; 1x on all other purchases.
Capital One Venture Rewards Credit Card
Learn More

Capital One Venture Rewards Credit Card

7.1/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards
Intro Offer
75,000 miles Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
Annual fee
$95
APR
19.99% – 29.99% (Variable)
Intro Purchase APR
N/A
Rewards rate
2x – 5x Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options; Earn unlimited 2X miles on every purchase, every day.
American Express® Gold Card
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American Express® Gold Card

7.5/10 CNET Rating CNET rates credit cards by comparing their offers to those of their categorical competitors. Each card is individually evaluated through a formula which reflects the standards and expectations of the contemporary market. Credit card issuers have no say or influence in our ratings. How we rate credit cards
See Rates & Fees Terms apply
Intro Offer
60,000 Membership Rewards® Points Earn 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
Annual fee
$250
APR
See Pay Over Time APR
Intro Purchase APR
N/A
Rewards rate
3x – 4x Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S.; Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).; Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.

Conclusion

Both cards are solid $95 rewards credit cards, but the Sapphire Preferred offers a significantly higher ceiling for those who spend a lot on travel and dining.

FAQs

You can transfer Capital One Miles to one of 15+ Capital One travel partners, including Air France, British Airways, Emirates, Virgin and more. To do so, simply choose the “Transfer Your Rewards” option on the Capital One rewards page.

The transfer option is almost the same, too, and Chase has 14 travel partners currently, including British Airways, JetBlue, Southwest, United, Virgin and more. To transfer Ultimate Rewards points, select your rewards card in the Ultimate Rewards portal and choose “Transfer to Travel Partners” as the redemption option.

For every $1,000 you spend, 1% of rewards is worth $10 (and 0.5% of rewards is worth $5). So for each additional 1% of rewards, you earn an extra $10 for every $1,000. If you’re comparing a $95 annual fee credit card with a no-annual-fee card, you’d need to spend $9,500 per year at a 1% reward rate to make up for the annual fee. Welcome bonuses and other perks may also put the card’s value over the cost.

All information about the Capital One Venture Rewards Credit Card has been collected independently by CNET and has not been reviewed by the issuer.

The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

Joe Van Brussel is a freelance writer for CNET Money, where he deciphers obfuscatory credit card offers and breaks them down so consumers actually know what belongs in their wallet. He also covers other aspects of personal finance, from life insurance and loans to tax software and the impact of broader economic trends on individuals. Joe believes the United States will win the World Cup in his lifetime, and wishes New York City apartments came standard with thick, noise-reducing windows.