Chase Sapphire Preferred or Capital One Venture Rewards Card Offer

Updated Feb. 1, 2017

It can be tough choosing the right rewards credit card, so today, I’ll be reviewing the Chase Sapphire Preferred® Card and Capital One Venture credit card offers.

The Chase Sapphire Preferred or Capital One Venture cards are two of the most advertised cards on TV and online, so I receive a lot of emails asking for advice on which offer to apply for. Let’s do a comparison review, shall we?

You can see both of these offers on their banks secure website through the banner below:

Apply Now: Chase Sapphire Preferred® Card

Link: Capital One Venture Card

 

Best Sign-Up Bonus

The Chase Sapphire Preferred® Card has a sign-up bonus of 50,000 bonus points when you spend $4,000 on purchases in the first 3 months. Plus, you will receive a 5,000 points bonus if you add an authorized user and they make a purchase in the same 3 month period.

The Chase Sapphire Preferred earns Ultimate Rewards points, which can used for a statement credit, redeemed for travel through the Ultimate Rewards portal, or transferred out to over 10 travel partners. 50,000 Ultimate Rewards points is worth $500 in hard cash, $625 in travel booked through the Ultimate Rewards program, or even more when you transfer them out to travel partners (more on that later).

The Capital One Venture card has a sign-up bonus of 40,000 points after you spend $3,000 in 3 months. Capital One Venture points can be redeemed for travel at a $.01 per point ratio, or used for cash back. Unfortunately, the cash back ratio is half the value of the redeeming for travel. For example, 40k Venture points is worth $400 in travel, or $200 in cash back. Ouch. 

Even though the minimum spending requirement is a little bit higher with the Chase Sapphire Preferred , you earn 10,000 ($100) more points after meeting the minimum spending requirement. Plus, you have the option to get an additional 5,000 ($50) points by adding an authorized user (which won’t affect authorized users from getting their own card, btw), and you have more options when it comes time to use your Ultimate Rewards points.

Winner: Chase Sapphire Preferred® Card

 

Does the Capital One Venture or Chase Sapphire Preferred Have Better Perks?

Both the Chase Sapphire Preferred and Capital One Venture cards of have some great perks, but the Sapphire Preferred has more travel benefits. The Capital One Venture spending benefits are a tad bit better though.

The Capital One Venture card earns 2 points per $1 on all purchases. Nifty. The $59 annual fee is waived for the first year, it comes with no foreign transaction fees, and Capital Credit Tracker (gives you access to your credit score).

The Chase Sapphire Preferred comes with 2x points per $1 on travel and dining, no foreign transaction fees, chip & signature technology, primary CDW on car rentals, $10,000 trip cancelation insurance, and many more travel benefits that justify keeping this card in your wallet.

Both of these cards have Visa Signatures benefits, like free movies, hotel discounts, and wine tastings.

I like the simplicity of earning 2x points on all purchases that the Venture offers, but I personally think the Sapphire Preferred has more robust benefits, especially for travel. However, I think it’s a tie on this one because I feel like being nice.

Winner: Tie Capital One Venture & Chase Sapphire Preferred® Card

 

Ultimate Rewards or Capital One Venture the Best Point System?

Ok, on to the point systems, which really set the Chase Sapphire Preferred and Capital One Venture cards apart.

The Venture is a fixed value card. Fixed value points can be easier to use, but you can get MORE VALUE with transferrable points, like the Chase Sapphire Preferred’s Ultimate Rewards.

40,000 Venture points is worth $400 in travel. That’s it. $400 in travel is not too shabby, but you can just do more with 50,000 Ultimate Rewards points. A lot more.

Not only do you have the flexibility to use your 50,000 Ultimate Rewards points as $500 in cash back or $625 in travel through the Ultimate Rewards website (20% discount), you can transfer Ultimate Rewards points out to travel partners. This is where the real value is found. The list of Ultimate Rewards travel partners are:

As you can see, there are a lot of options. Some of my favorite travel partners to transfer Chase Ultimate Rewards points out to are Hyatt, British Airways, Southwest, United, and Singapore Airlines.

Here are just a couple examples of how I could get more than $500 in value by transferring my Ultimate Rewards out to travel partners.

I could fly Aer Lingus one-way in business class from Boston to Dublin for only 37,5000 British Airways Avios (transfer partner) points! That same flight could cost up to $3,594, or 359,400 Venture points. Ummmmm, no thanks.

Another example is that by transferring 50,000 Ultimate Rewards points to Hyatt, I could get two free nights at the Park Hyatt (category 5 property) in Melbourne, Australia. Swanky. Two nights at the Park Hyatt in Melbourne can easily run $800, so 80,000 Venture points.

The lesson is that  you probably don’t want to primarily earn Venture points if you want to use them for international travel, especially premium travel.

However, fixed value points can be good for trains, taxis, b&bs, and taxes on award tickets. Basically travel expenses that miles don’t cover.

I think it’s important to diversify your miles and points, so having fixed value points is a plus, but if I had to choose, I would focus on transferrable points, because that’s where you can get more value from your points.

Winner: Chase Sapphire Preferred® Card

 

Misc.

It’s worth mentioning that Capital One will pull ALL three credit bureaus when seeing if you’re credit worthy for their cards. Ouch. That’s important to know since having less inquiries will keep your credit score in better condition, and give you more room to apply for other rewards cards, if that’s your style.

 

Is the Chase Sapphire Preferred or Capital One Venture the Better Card?

The Chase Sapphire Preferred® Card and Capital One Venture cards both have their advantages. If you want a simple card that earns 2x on all your purchases and is good primarily for domestic travel, then the Venture card can be a good option. However, there’s more opportunity with the Chase Sapphire Preferred. The sign-up bonus is larger (even more if you add an authorized user), points have a better cash value, you get a 20% discount through redeeming through the Ultimate Rewards portal, and you can get INSANE value by transferring your Ultimate Rewards points out to travel partners.

You can see both of these offers on their banks secure website below:

Link: Chase Sapphire Preferred® Card

Link: Capital One Venture Card

And if you have any additional questions don’t hesitate to comment below or email me at geoff @noobtraveler.com.

 

Geoff Whitmore

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Chase Sapphire Preferred or Capital One Venture Rewards Card Offer
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About the Author

Geoff Whitmore
Geoff Whitmore is lead traveler/writer at noobtraveler.com, a blog dedicated to educating its readers on credit cards, reward points, and and cost-saving travel techniques. The blog particularly focuses on new travelers (or as they like to call them, “Noobs”), and it teaches its readers how to save BIG. All the while, the site maintains a humorous writing style that is both fun and informative.

39 Comments on "Chase Sapphire Preferred or Capital One Venture Rewards Card Offer"

  1. I am undecided and confused about what to do about my possible renewal of my Chase Sapphire Card. Is it worth it? I have numerous other cards, including the Chase Freedom, and cannot decide if it is worth paying the annual membership fee.

    • Remember you must have a Sapphire Preferred or Ink card to be able to transfer your points out to travel partners. The Freedom alone doesn’t allow you to, but you can combine your Freedom points with the CSP, or Ink cards. I have all three cards, and pay the annual fees on them, because they each add value in different ways. Hope this helps!

  2. Can you apply for the Sapphire Preferred from Chase AND the Capital One Venture cards?

    • Yes, it’s possible since the Sapphire Preferred and Capital One cards are issued from different banks. Make sure your credit score is in good standing, and that you can handle both minimum spending requirements though.

      • when you say minimum spending, what does that mean exactly? like there has to be a certain amount used every month on the card or else?

  3. Do the travel points on the Sapphire card ever expire?

  4. I am thinking of getting the Sapphire card but is it worth it for someone who isn’t using it for business? Can you accrue enough points to make up for the fee?

    • The Sapphire Preferred is a personal card, and I think the benefits are definitely worth the annual fee. Let me know if you have any other questions!

  5. Of course you totally ignore the fact the Venture gives you 2x the points on everything. Based on my own spending for the last year – I would end up with 89K with Venture card and only 58K with Sapphire. On top of it the Venture card is like pure cash. Yes, you use it to erase travel – but you can view it as a 2% cashback card since you can apply your points to misc ‘travel’ costs.

  6. If there’s no foreign transaction fee with Sapphire Preferred, does that mean I can add an authorised user who’s lives in another country? Or are there any catches with doing this? Thanks!

  7. What’s the minimum spending requirement for the Sapphire and the Venture? Which is better if you are going to put a ton of money on a card in a short amount of time and want to use the points in the next 2 years for international travel first class at luxury resorts? Also, how many credit bureaus does the Sapphire pull from when you apply?

    • The Sapphire Preferred is a much better option if you’re wanting to fly internationally in a premium cabin. It currently has a minimum spending requirement of $4k in 3 months, and one credit bureau is most likely all that will be pulled. Capital One pulls 3, which is another reason I don’t like applying for Capital One cards. Hope this helps!

  8. How much money do you need to spend annually on the Chase Sapphire Preferred to offset the annual fee with direct travel perks/reimbursements approximately? Thanks!

    • Also, how much do you need to spend to offset annual fee on Capitol One? Thanks!!

      • Both cards waive the annual fee for the first year, & offer a nice sign-up bonus. But to justify paying the annual fee and keep the cards open you would need to earn at roughly 10,000 points through spending, imho.

  9. I am trying to decide between the two cards. I focus primarily on international travel, but I don’t usually use the luxury hotels and airlines. In fact, I usually book with the cheapest airlines, and I stay in hostels in order to provide me with extra cash for travel excursions or future destinations. Would you still recommend the CSP?

    • Yes, it earns Ultimate Rewards points which are extremely flexible, so they are good for any type of travel. Or you can even use your points for statement credits, or to book travel through their online website at a discount. Hope this helps!

  10. would it absolutely not make sense to get both?

    • They both are solid cards, and it really depends on your travel/spending plans. I prefer the points that the Sapphire Preferred earns, and I like that Chase doesn’t pull all 3 bureaus when applying. But yes, you can get both. Just make sure you’re comfortable with the minimum spending requirements.

  11. I am 32. Credit score 803. I currently have the capital one venture card. I use it for everything and just pay it off every month. (Utilities, food, clothes, car insurance,cell phone etc.). My monthly bill is average $1200-$1600. With the sign up bonus I have got about 85k points. I plan on using the points for travel. Do you think I would be better to get the sapphire card?

  12. I’m trying to decide if I should get the sapphire or capital one. I don’t travel a lot. I’m only 21 and my spending is around $1000-1300 only. Now I have chase freedom. It only give 1 cent every dollar u spend. So I’ve been thinking I think it’s better if I get mileage instead of cash back. And I saw the benefits from both cards. Good thing capital gives 2x miles to every purchase, but base on the reviews that I read, many people chose sapphire than capital one. Any suggestions?

    • The Capital One points aren’t as valuable as the Sapphire Preferred UR points, since they have a fixed value. You can transfer UR points out to multiple travel partners, so they are definitely more flexible. Plus, the Sapphire Preferred has a larger sign-up bonus.

  13. Another HUGE perk to the CSP card is that you can shop through Ultimate Rewards and get up to 25pts per dollar on purchases you would normally make anyway. For example, just bought something through Rite Aid for 10pts per dollar, I spent $50 so I got 500 points. For things like Proactiv face cream, it’s 25pts per dollar. I buy pet food through Petsmart online now. Can’t be beat

  14. I’m leaning towards the Chase card, but I’d be looking to predominantly earn points through every day purchases (bills, groceries, gifts, etc). I’ve never had a rewards card so I’m not sure how the benefits shake out. Would I be better of with Capital One’s 2 to 1 points on all purchases vs Chase’s 1 to 1 on all (other) purchases. I’m assuming most of my purchases would fall in the “other” category. Or are Chase’s transferable points, and other benefits enough to outweigh the points gap?

  15. You talked anout transferring the points out of the chase saphire through the ultimate portal- is there usually a fee for this?

  16. Thank you for this!!!! Two questions: What is your method of using multiple travel reward cards since you have the CSP and one/some of their partner airlines? Which one do you use on spending? For example, do you use all your spendings on CSP and transfer your points to that partner airline whenever you want to fly with them? Also, is the 20% off for traveling through their ultimate rewards – is that only for the ones shown above (British Airways Executive Club, Korean Air SKYPASS, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards®, United MileagePlus®, Virgin Atlantic Flying Club, Hyatt Gold Passport®, IHG® Rewards Club, Marriott Rewards® and The Ritz-Carlton Rewards®.) OR are their some other airlines as well??

    Thank you thank you this was helpful!

    • Yes, I transfer all my UR points out to travel partners to maximize value. You will receive 20% off for booking travel on the UR website, not for transferring out. Hope this helps!

  17. Which of the two would you recommend- we’re planning a wedding and going to place most of the expense on the credit card. And hoping to use the rewards/ miles for the honeymoon… which do you think would be best?
    Thanks

  18. Re the Chase card: Offer details say that when you are redeeming for travel “The cost of travel is based on the rates and fares available through the Ultimate Rewards Travel website and travel center, and may not reflect all rates and fares that are available through other sales channels.” What does this mean – do you have to book travel through Chase’s website/travel center? If so, wouldn’t that limit your ability to comparison shop? Also, the 1.25 cent/$ value on an ongoing basis (after the initial bonus) is LESS than the Capital One Venture card, where you earn 2 pts/$ spent on EVERYTHING; 2 pts is worth 2 cents of travel credit. Capital One simply allows you to redeem your points for travel that’s already charged to your card. Capital One also provides CDW and a lower annual fee. It is a disadvantage that Cap One has no trip cancellation or trip interruption insurance.

    • Geoff Whitmore | February 27, 2017 at 7:03 am | Reply

      No, you don’t have to book travel though the Chase website/travel center. I redeem all my Chase Ultimate Rewards points through transferring them out to a travel partner. That’s where you can unlock all the value. I listed several examples in the post for your guidance. The Sapphire Preferred also includes CDW.

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