Chase and Capital One are leaders in the travel rewards credit card space. If you’re looking for your next travel rewards credit card, the Chase Sapphire Preferred® Card (see rates and fees) and the Capital One Venture X Rewards Credit Card are great options to consider.
Both cards have their own transferable currency that they earn and various travel-related benefits. With the Sapphire Preferred, you’ll earn Chase Ultimate Rewards points, while you’ll earn Capital One miles with the Venture X. The Sapphire Preferred carries a $95 annual fee, and the Venture X has a $395 annual fee.
Having a higher annual fee doesn’t mean the Venture X is automatically the better card, as the Sapphire Preferred is quite a formidable opponent.
Let’s jump into the similarities and differences with these cards and see which is a better fit to add to your wallet next.
Sapphire Preferred vs. Venture X comparison
| Feature | Chase Sapphire Preferred | Venture X |
|---|---|---|
| Annual fee | $95 | $395 |
| Welcome bonus | Last chance: Earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening. This offer ends May 15 at 9 a.m. EDT. | Earn 75,000 bonus miles after spending $4,000 on purchases in the first three months from account opening. |
| Earning rates |
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| Statement credits |
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| Other card benefits |
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Sapphire Preferred vs. Venture X welcome offer
For a limited time, new applicants for the Chase Sapphire Preferred can earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening. This is your last chance to apply, as this offer ends May 15 at 9 AM EDT.
TPG’s May 2025 valuations peg the value of Ultimate Rewards points at 2.05 cents apiece, making this welcome offer worth $2,050.
New applicants for the Venture X can earn 75,000 bonus miles after spending $4,000 on purchases in the first three months after opening an account. TPG’s May 2025 valuations peg the value of Capital One miles at 1.85 cents apiece, making this offer worth $1,388.
Winner: Sapphire Preferred. Its welcome offer is worth over $600 more.
Related: Best credit card welcome offers this month
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Sapphire Preferred vs. Venture X benefits
Both cards offer similar benefits, such as no foreign transaction fees, shopping and travel protections, and primary rental car insurance.
The Sapphire Preferred offers cardholders:
Meanwhile, benefits unique to the Venture X include:
While the Venture X’s travel credit can’t be used outside Capital One Travel, it should still be relatively easy to use.
The Venture X provides excellent lounge access via entry to more than 1,300 Priority Pass lounges and Capital One’s small but mighty network of five lounges (four lounges and one Capital One Landing). Cardholders can bring two guests over 2 years of age with them for no additional charge. Access is included for the primary cardholder and authorized users.
The Venture X also includes cellphone protection and ride-hailing protection, something the Sapphire Preferred lacks. However, the Sapphire Preferred has baggage delay insurance, which the Venture X does not offer.
Winner: Venture X. It provides substantially more value with the $300 Capital One Travel credit on bookings through Capital One Travel, anniversary bonus miles, lounge access, TSA PreCheck/Global Entry credit and automatic elite status, but that’s to be expected, as it has more than quadruple the annual fee of the Sapphire Preferred.
Related: Why you should add authorized users on the Capital One Venture X
Earning rewards with the Sapphire Preferred vs. Venture X
The Sapphire Preferred earns:
- 5 points per dollar spent on travel booked through Chase Travel
- 5 points per dollar spent on Lyft purchases (through Sept. 30, 2027)
- 5 points per dollar spent on Peloton equipment and accessory purchases of $150 or more (through Dec. 31, 2027, with a limit of 25,000 bonus points)
- 3 points per dollar spent on dining, select streaming services and online grocery store purchases (excludes Target, Walmart and wholesale clubs)
- 2 points per dollar spent on all travel not booked through Chase Travel
- 1 point per dollar spent on everything else
Meanwhile, the Venture X earns:
- 10 miles per dollar spent on hotels and rental cars booked through Capital One Travel
- 5 miles per dollar spent on flights and vacation rentals booked through Capital One Travel
- 2 miles per dollar spent on all other eligible purchases
Both cards earn at least 5 points or miles per dollar spent on travel booked through their respective portals, but this may not be useful to most, as I generally don’t recommend booking through travel portals.
While the Sapphire Preferred has more bonus-earning categories, some are rather niche. It does earn 3 points per dollar spent in a few select bonus categories, including dining. However, the Venture X’s simplicity is unmatched, as you’ll earn at least 2 miles per dollar spent on all purchases.
Winner: Tie. The Sapphire Preferred has more bonus categories, but some of them are pretty niche. The Venture X provides simplicity with its earnings.
Related: Why I love my Chase Sapphire Preferred Card — and will always keep it in my wallet
Redeeming rewards with the Sapphire Preferred vs. Venture X
Your best bet for redeeming your rewards with either card is to use transfer partners. However, there are other redemption options for each card. Both cards’ rewards can be redeemed for a fixed value in each issuer’s respective travel portal, as well as for gift cards and cash back (though the latter two options provide the worst redemption value).
With the Sapphire Preferred, your points are worth 25% more when you redeem them for any travel booked via Chase Travel. While this is still less than TPG’s May 2025 valuation of Ultimate Rewards points, this is a solid backup redemption option if you’re having trouble finding award availability.
With the Venture X, you can redeem miles at a fixed rate of 1 cent per mile for all travel-related purchases made on your card or for travel booked through Capital One Travel.
Winner: Sapphire Preferred. When redeeming points through Chase Travel, points are worth 1.25 cents a piece, whereas redeeming miles via Capital One Travel or for travel purchases are only worth 1 cent apiece.
Transferring rewards with the Sapphire Preferred vs. Venture X
Transferring rewards you earn from either card provides maximum redemption value.
With the Sapphire Preferred, you’ll have access to Chase’s 14 airline and hotel partners. All partners transfer at a 1:1 ratio.
I typically transfer my Ultimate Rewards points to World of Hyatt, as the program still uses a fixed-price award chart and provides me with outstanding value when traveling to popular destinations during peak or busy seasons.
Just two months ago, I redeemed 30,000 Ultimate Rewards points for two nights at the Hyatt Centric The Liberties Dublin during St. Patrick’s Day weekend, which would have cost me over $900.
With Capital One, you’ll have access to 15-plus airline and hotel partners. However, not all partners, such as EVA Airways, transfer at a 1:1 ratio; for that partner, transfers are at a 2:1.5 ratio. Chase does one-up Capital One in this area, as it has two U.S. airline partners, Southwest Airlines and United Airlines, whereas Capital One has just one with JetBlue.
That said, both programs do have airline partners in each of the three major alliances: Oneworld, SkyTeam and Star Alliance, each of which you can also use to book domestic flights.
Augusta Stone, a credit cards writer at TPG, recently transferred 15,000 Capital One miles to Air France-KLM Flying Blue to book two one-way domestic Delta Air Lines flights.
Winner: Sapphire Preferred. Despite Capital One having more transfer partners, Chase slightly takes the edge, as it has Hyatt as a hotel partner and two domestic airline partners, and all of its transfer ratios are at a 1:1 rate.
Related: How to redeem Chase Ultimate Rewards points for maximum value
Should I get the Sapphire Preferred or Venture X?
If you prefer solid travel protections for a lower annual fee and more domestic-based transfer partners, then I say the Sapphire Preferred is the way to go. However, if you’re after more premium perks like lounge access, statement credits and more extensive travel protections, then I recommend opting for the Venture X.
Related: Why Capital One Venture X won the TPG Award for Best Premium Travel Credit Card
Bottom line
The Sapphire Preferred and the Venture X are excellent travel rewards cards. While the Venture X clearly has more benefits and is more suited for frequent travelers, the Sapphire Preferred is a formidable opponent with more than adequate travel perks and a much lower annual fee.
Either or both cards could be great additions to your wallet, depending on which card and benefits best suit your lifestyle and travel needs.
To learn more, read our full reviews of the Chase Sapphire Preferred and the Capital One Venture X.
Apply here: Chase Sapphire Preferred Card
Learn more: Capital One Venture X Rewards Credit Card
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
*Upon enrollment, accessible through the Capital One website or mobile app, eligible cardholders will remain at that status level through the duration of the offer. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g., at hertz.com) will not automatically detect a cardholder as being eligible for the program, and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.