The Chase Sapphire Preferred® Card and Capital One® Venture® Rewards Credit Card both focus on earning travel rewards. Chase uses points and Capital One uses miles, but each offers great potential for cardholders to make the most of current spending and get their next trip off the ground more quickly. For each of these cards, the biggest benefit comes from reward rate multipliers: Both offer 2X the miles or points per dollar on travel and dining purchases.

But which travel card deserves a spot in your wallet? Which has the right combination of introductory bonuses, rewards earning potential and redemption options? Here’s what you need to know about the Chase Sapphire Preferred and Capital One Venture cards to make the call and start earning towards your next adventure.

Comparison overview

 Features Chase Sapphire Preferred Card Capital One Venture Rewards Credit Card
Welcome bonus 60,000 bonus points when you spend $4,000 on purchases in the first three months. 50,000 bonus miles when you spend $3,000 in the first three months after account opening.
Rewards rate 2X points on travel and restaurant spending, one point per dollar for all other purchases. 2X miles on every dollar spent, everywhere.
Introductory APR No introductory APR. No introductory APR.
Annual fee $95 $0 the first year, $95 thereafter.

Chase Sapphire Preferred Card vs. Capital One Venture Rewards highlights

At first glance, these cards are quite similar — both offer substantial bonus offers in the first three months and have comparable earning rates for rewards miles and points. But they’re not identical. Let’s dive in and see which one comes out ahead on key credit card benefits.

Sign-up bonus: Chase Sapphire Preferred

Chase wins this round for two reasons. First is total bonus volume: 60,000 points compared to 50,000 miles. Chase also offers extra benefits if cardholders book travel through Chase Ultimate Rewards — points are worth 25 percent more when you book airfare, hotels, car rentals or cruises through the Chase redemption program. Chase points are also valued slightly higher than those from Capital One, according to The Points Guy valuations: 2 cents per point versus 1.4 cents per mile on average. As a result, Chase comes out ahead.

Rewards rate: Capital One Venture

Capital One gets the nod here because their everyday reward rate is broadly applicable: You get 2X points wherever, whenever you spend.

While Chase also offers 2X rewards, they’re limited to travel and restaurant purchases. Everything else is one point per dollar. Travel purchases include airfare and cruise bookings, hotel stays, travel agency packages, taxis, buses, toll bridge fares and even car-parking costs in parking lots or garages. Restaurants include sit-down, full-service locations along with fast-food restaurants, coffee shops and bars. Not included on the list are food vendors inside stadiums or arenas, grocery stores or meal-kit subscriptions.

Annual fee: Capital One Venture

Both cards come with a $95 annual fee, but Capital One comes out ahead with a $0 fee for the first year.

Foreign transaction fee: Both

The Chase Sapphire Preferred and Capital One Venture cards both offer no foreign transaction fees.

Which card earns the most?

While these cards come close in total earning potential, the Chase Sapphire Preferred typically delivers more overall value. This starts with the 60,000 bonus points (after you spend $4,000 in the first 3 months) and 25 percent bonus value for Chase Ultimate Rewards redemption but is also bolstered by the 1:1 points transfer available with popular travel programs such as Aer Lingus, Iberia Plus and the Virgin Atlantic Flying Club.

Chase Sapphire Preferred vs. Capital One Venture

Let’s do the math.

If you spend $10,000 per year on each of these cards, what would your total points or rewards miles earnings look like? Capital One is easy: 2x miles on every dollar means 20,000 miles per year.
Chase is more complicated because reward totals vary with your spending habits. If you spent $5,000 on travel and restaurants and $5,000 on other purchases, you’d end up with 15,000 points for the year.

With a 25 percent bonus value for Chase Ultimate Rewards redemption, that’s 18,750 points — plus the 1:1 point transfer to popular travel partners. While the waived first-year fee helps bring up the value of Capital One Venture, Chase’s higher rewards valuation means that even with more Capital One points available in your first year, Chase gets the nod.

Why should you get the Chase Sapphire Preferred Card?

The Chase Sapphire Preferred card caters to frequent travelers with a large introductory reward bonus, extra value for points redemption and bonus rewards for travel and restaurant purchases. Along with easy points transfer, this card helps you get off the ground and onto the next adventure more quickly.

Additional benefits

This card also offers travel benefits such as trip cancellation and interruption insurance up to $10,000 per person and $20,000 per trip if your plans are negatively impacted by sickness or severe weather. Additionally, cardholders enjoy reimbursement for essential purchases up to $100 per day for five days if their luggage is delayed.

Redemption options

Points earned with your Chase Sapphire Preferred card can be redeemed for travel, gift cards, cash back or redeemed directly at Amazon.com during checkout. It’s easy to redeem points online or over the phone. While each method offers value, you’ll typically see the best returns on your points when booking travel through Chase Ultimate Rewards or travel points transfer partners.

Recommended credit score

To successfully apply for a Chase Sapphire Preferred card, you typically need at least a credit score of 670 or better.

Why should you get the Capital One Venture Card?

The Capital One Venture card makes it easy to earn miles — spend anywhere, anytime and get 2X miles. Combined with a 50,000 bonus mile welcome offer (after spending $3,000 in the first 3 months) and $0 annual fee for the first year ($95 annually thereafter), this card is a great starting point for travel rewards earning.

Additional benefits

Venture cardholders enjoy up to a $100 credit for Global Entry or TSA Precheck application and get automatic travel accident insurance for a covered loss. In addition, Capital One offers 24-hour travel assistance if your card is lost or stolen. It’s worth noting that this effectively offsets the yearly fee, making this card a great choice for regular travelers.

Redemption options

After logging into your Capital One account, you can use Capital One’s Purchase Eraser to erase travel purchases made within the past 90 days, buy flights or other fares or redeem for other rewards like gift cards or cash back. Since Capital One miles have a fixed value, there are no blackout dates or restrictions for travel. Compared dollar-for-dollar, your best option to maximize miles is booking travel through the Capital One online portal or using the Purchase Eraser to eliminate travel charges.

Recommended credit score

To apply for this card, you’ll need a credit score of 670 – 850, which falls into the good-to-excellent category.

Bottom line

It’s a close race. Both the Chase Sapphire Preferred and Capital One Venture cards offer solid bonus rewards and redemption options for travelers. Ultimately, however, the Chase Sapphire Preferred card pulls ahead — with a valuable introductory offer, 25 percent bonus redemption through Chase Ultimate Rewards and 1:1 points transfer, this card is a great fit for travelers looking to find their next adventure.