www.capitalone.com – Difference Between Chase Sapphire Preferred and Venture Card

by CwJobs July 30, 2020
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Chase Sapphire Preferred Vs. Capital One Venture:

Difference Between Chase Sapphire Preferred vs. Capital One Venture

Both of these credit cards Chase Sapphire Preferred and Capital One Venture is a travel reward credit card. Both of these cards cost $95 for the annual fees. But the way you earn and redeem your rewards with each card is completely different. So, it is important to look, what is make them different.

In Chase Sapphire Preferred you can earn 2 points per dollar on dining purchases and travel and spending on everywhere else, you receive 1 point per dollar. In Capital One Venture Rewards, you will get a flat 2X miles. Both rewards points are different from each other. Both are meant for a different type of traveler.

Basically, the Chase Sapphire Proffered Card is better for those who want to earn points on their spending and easily figure out the best way to redeem your rewards points. The Chase reward points can be redeemed at airline and hotel transfer partners.

And if you are looking for very flexible redemption, then Capital One Venture Rewards Credit Card would be an excellent choice.

Chase Sapphire Preferred Rewards:

The Chase Sapphire Preferred offers 2 points on every dollar you spend on dining and travel purchases. On every dollar you spend on Lyft rides, you will receive 5 points and spending on everywhere else, you get 1 point. This earned points can be redeemed at the Chase Ultimate Rewards travel portal. You can redeem each point for 1.25 cents with no limits or blackout dates.

When you transfer the points to a partner airline, the points can be worth a lot more. You can also transfer your points to a hotel partner. But the airlines are the best choice for the Chase rewards points. Each Chase points is equal to the 1 mile or points at the airline’s or hotel’s program.

Chase Airline Transfer Partners:

  • JetBlue
  • United MileagePlus
  • British Airway Executive Club
  • Southwest Airlines Rapid Rewards
  • Virgin Atlantic Flying Club
  • Singapore Airlines KrisFlyer
  • Flying Blue Air France KLM
  • Iberia Plus
  • Emirates Skywards
  • Aer Lingus AerClub

Chase’s Hotel Transfer Partners:

  • World of Hyatt
  • Marriott Bonvoy
  • IHG Rewards Club

Chase Sapphire Preferred card has other benefits too. For the annual fees, this card charges $95 and currently offering 60,000 points on the spending of $4,000 within the first 3 months. That can save up to $750 toward your travel expenses.

Capital One Venture Rewards:

With the Capital One Venture Rewards Credit Card, you will receive 2 miles per dollar on your purchase. You can redeem your miles via Capital One’s portal. Those miles have no restrictions or any blackout dates. That means, from each purchase, you will get 2% of cashback towards the travel.

To wipe your travel charged from your Venture card, you can use Capital One’s Purchase Eraser feature. With this redemption option, you will receive 1 cent per mile.

Capital One Transfer Partner:

  • Air Canada Aeroplan
  • Alitalia MilleMiglia
  • Aeromexico Club Premier
  • Flying Blue Air France/KLM
  • Emirates Skywards
  • EVA Infinity MileageLands
  • Etihad Guest
  • Finnair Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Qatar Airways Privilege Club

Capital One Hotel Partners:

  • Wyndham
  • Accor

Here in Capital One, you will notice that it does not contain a single major US airline, JetBlue, recently added partner. It offers a wide array of international airlines, such as the Emirates, Singapore, and Etihad.

This card charges the annual fees of $95 and offers a 50,000-mile bonus on the spending of $3,000 within the first 3 months of account opening.

Comparing the Benefits:

Both cards, Capital One Venture and Chase Sapphire card comes with no foreign transaction fees. These cards also come with travel and purchase coverage.

The Chase Sapphire Preferred card comes with trip cancellation insurance, trip delay insurance, baggage delay insurance, and travel emergency assistance. You will get the purchase protection and an automatic extended warranty at the checkout counter.

In Capital One Venture Rewards Credit Card comes with the secondary car rental insurance, travel assistance, and travel accident insurance. At checkout, you will receive an extended warranty.

For benefits, Capital One’s card is a little lighter than the Chase. It is completely depending on how much you travel and the protection benefits can be very valuable.

Comparing the Costs:

Both credit cards come with the $95 annual fee. If you can’t handle paying off the card each month, then the rewards credit card may not be the best choice for your needs. Credit card interest usually costs very high, so a card with the low-interest rates is best if you need to carry a balance.

Except for the annual fee, you can avoid the all costs on both of these cards by avoiding a few common activities. Make sure to pay off your card bill every month.

Also Read : How to Apply Hilton Honors American Express Aspire Card Online

Comparing the Rates and Interest

Rates and Interest on Chase Sapphire Card:

Interest Rates and Interest Charges:

  • APR for Purchase: For the purchase, your intro APR will be 15.99% to 22.99%, depending on the creditworthiness.
  • APR for Balance Transfer: Based on your creditworthiness, you will be charged 15.99% to 22.99% for the balance transfer.
  • APR for Cash Advance: For the cash advance, your intro APR will be 24.99%.

Rates:

  • Annual Fee: For the annual fees, you will be charged $95.
  • Balance Transfers Fee: For the balance transfer, you will be charged 5% of the amount or at least $5 minimum.
  • Cash Advances Fee: For your each cash advances, you will be charged 5% of the amount or at least $10 minimum.
  • Late Payment Fee: For the late payment fees, you will be charged up to $39.

Chase Sapphire CardRates and Interest of Capital One Venture Rewards:

Interest Rates and Interest Charges:

  • APR for Purchase: For the purchases, your intro APR will be 17.24%, 21.99% or 24.99%, depending on your creditworthiness.
  • APR for Cash Advance: For your each cash advance, you will be charged 24.49% of the amount.

Rates:

  • Annual Fee: For the annual fees, you will be charged around $95 annually.
  • Balance Transfer Fee: For your each balance transfer, you will be charged 3% of the amount.
  • Cash Advance Fee: For each cash advance, you will be charged 3% of the amount of $10 minimum amount.
  • Late Payment Fee: For the late payment fees, you will be charged up to $39.

Conclusions:

If I had to choose a winner between these two cards, then the Chase Sapphire Preferred card would be the winner.

The Capital One Venture Rewards Credit Card gives you the free miles per dollar you spend on transfer. But its airline partners are not useful as many US travelers. In that case, the Chase Sapphire Preferred Card would be very useful for you.

Reference Link:

Chase Sapphire Preferred Card: creditcards.chase.com/rewards-credit-cards/sapphire/preferred

Capital One Venture Reward Card: www.capitalone.com/credit-cards/venture

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