With summer fast approaching, many Americans are making travel plans to locations near and far. If you're heading out, you may earn rewards and save money by using a travel credit card. These cards enable you to rack up points and miles on your credit card purchases and then redeem them for free or discounted travel flights, hotel stays and other perks.
Having a top-rated travel credit card in your wallet can help you save money and offer protection while you're on the go. Among the many offerings you can choose from are the Chase Sapphire Preferred® Card and the Capital One VentureOne Rewards Credit Card, both of which are highly regarded by frequent travelers.
In this article we'll review how each card performs across specific categories to determine which one comes out on top. Learn more about the Chase Sapphire Preferred card here and the Capital One VentureOne Rewards card here.
Below, we will compare these two cards in seven categories.
The Chase Sapphire Preferred card comes with a welcome bonus of 80,000 bonus miles once you spend $4,000 within the first three months of opening your account. While the spending requirement is steeper than budget-tier cards like the Capital One VentureOne Rewards card, the hefty bounty of miles is worth $1,000 toward travel when you redeem them through Chase Ultimate Rewards.
By contrast, the VentureOne Rewards card offers 20,000 bonus miles if you spend $500 within three months of opening your account. The bonus miles are considerably less than the 80,000 bonus miles its competitor offers, but it's still more than many other cards that don't charge an annual fee. Also, the $500 spending requirement should be within reach of most cardholders.
Winner: Tie. The best rewards card for you will likely depend on your budget and how much you plan on spending after opening an account.
The difference between these cards' rewards is stark. Chase Sapphire Preferred has a category-based rewards structure with numerous perks, while Capital One VentureOne Rewards keeps it simple with two rewards categories and a flat-rate structure. Here's how rewards compare with these credit cards:
Chase Sapphire Preferred
Capital One VentureOne Rewards
5 points for each dollar spent on travel booked via the Chase portal and Lyft transactions.
Earn 5 miles for every dollar you spend booking hotels and rental cars through Capital One Travel with no limits
3 points per dollar for dining, selected streaming services, and online grocery shopping (except at Target, Walmart and wholesale clubs)
Earn 1.25 miles per dollar on every purchase you make with no limits
2 points per dollar on all other travel-related expenses
1 point per dollar on all other purchases
Annual $50 account anniversary hotel credit for stays you book through Chase Ultimate Rewards
10% Anniversary credit based on the previous year's spending
Winner: Chase Sapphire Preferred. While both cards offer five points per dollar when booking through their respective portals, and VentureOne has a higher per-dollar value on non-travel transactions, Chase offers more opportunities to earn higher values. Learn more about the Chase Sapphire Preferred card here now.
Chase Sapphire Preferred comes with a variable annual percentage rate (APR) ranging from 20.99% to 27.99%. Unfortunately, the card issuer doesn't offer a promotional APR for purchases or balance transfers.
By contrast, VentureOne Rewards offers an intro APR of 0% for 15 months on purchases and balance transfers. That gives you ample time to pay off purchases before the standard rate kicks in—between 19.74% and 29.74%. Keep in mind, balance transfers come with a transfer fee of 3% of the amounts you transfer in the first 15 months.
Winner:Capital One VentureOne Rewards. If you charge air travel, hotel stays or other large purchases, VentureOne Rewards' interest-free promotional period gives you plenty of time to pay off the balance interest-free. Learn more about the Capital One VentureOne Rewards card here.
Chase Sapphire Preferred comes with a $95 annual fee, which the card more than makes up for with robust bonuses and perks. For its part, VentureOne Rewards doesn't charge an annual fee and still provides attractive travel benefits and redemption options.
Winner: You can't beat $0 fees, so Capital One VentureOne Rewards wins here.
On top of the generous welcome bonus, Chase Sapphire Preferred offers numerous benefits, including a $50 annual hotel credit, a 10% anniversary point bonus and at least one year of complimentary membership of DashPass from Doordash for free deliveries and discounted service fees. You can also enjoy comprehensive travel and purchase protections, including primary rental car coverage, trip delay and trip cancellation insurance, and baggage delay insurance.
Like Chase Sapphire Preferred, you won't have to pay foreign transaction fees if you use the Capital One VentureOne Rewards card abroad. VentureOne also includes the usual lineup of World Elite Mastercard travel and shopping benefits, such as trip interruption and trip cancellation insurance, car rental insurance and extended warranties on items you purchase.
Winner: Chase Sapphire Preferred matches many of the same benefits as VentureOne, and provides additional valuable perks. Learn more about the Chase Sapphire Preferred card here now.
If you want to redeem rewards you earn with the Chase Sapphire Preferred rewards, you can use your points to book travel accommodations through the Chase Ultimate Rewards portal at a fixed rate of 1.25 cents per point. You can also transfer rewards to Chase travel partners, including Hyatt and United Airlines. Keep in mind, redemption rates among travel partners vary, so you may receive more or less value for your rewards.
If you'd rather not deal with spending categories and tracking your rewards, you may prefer the simplified redemption program of VentureOne. Perhaps the easiest way to redeem rewards is to book travel arrangements through Capital One Travel using your miles. Alternatively, you can transfer your miles to one of Capital One's 15 airline partners. Redemption values may vary by travel partner, but most have a value ratio of 1:1. If you're not planning on booking travel anytime soon, you could opt to turn your rewards into cash, either as a check or a credit on your statement.
Winner: Chase Sapphire gets the slight edge here with a more expansive travel partner list that includes United, Southwest and Virgin Atlantic. While Capital One's partner list is solid, it doesn't feature any domestic air carriers.
Generally, you'll need a credit score of 700 or more to qualify for the Chase Sapphire Preferred credit card.
Capital One states that you must have excellent credit to qualify for the VentureOne Rewards credit card. According to the card issuer's guidelines, you may not be eligible if you've ever declared bankruptcy, defaulted on a loan or have been more than 60 days late on a credit or medical payment within the last year.
Winner: Tie. Although some applicants with weaker credit profiles have been approved for the Sapphire Preferred, you'll likely need a credit score of at least 700 or higher to qualify for either card.
The bottom line
The Chase Sapphire Preferred and Capital One VentureOne Rewards credit cards are neck-and-neck in terms of the benefits and value they deliver to their cardholders. Overall, Sapphire Preferred edges out VentureOne in this head-to-head, but in reality, which credit card is best for you will depend on your personal wants and needs.
If you prefer a no-fuss card with a flat-rewards structure and no annual fee, the VentureOne Rewards credit card is likely your best option. But if you don't mind shelling out the $95 annual fee, you may get more rewards opportunities that more than offset the fee and accessibility to popular airline carriers with the Chase Sapphire Preferred.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Chase Sapphire Preferred vs. Capital One VentureOne Rewards credit cards: Which is better? ›
In the Chase Sapphire Preferred versus the Capital One Venture Card battle, the Chase Sapphire Preferred comes out ahead of the Capital One Venture Rewards. On paper, it offers a more valuable sign-up bonus, better travel protections and superior redemption options.Should I use Capital One or Chase? ›
We generally recommend Chase over Capital One if you want to maximize your earning potential. You can earn high rewards rates for different types of purchases with multiple Chase credit cards. And then you can combine your rewards on one of the Chase Sapphire cards for a higher travel redemption rate.Are Capital One or Chase points worth more? ›
Chase Sapphire Preferred 2023: Sapphire Shines a Bit Brighter. Both are solid choices, but the Chase Sapphire Preferred boasts higher point values and travel protections. Sara Rathner is a NerdWallet travel and credit cards expert.Is Chase Sapphire Preferred hard to get? ›
The Chase Sapphire Preferred® Card is hard to get because you'll need good to excellent credit to have a chance at getting approved. Unless your credit score is 700 or higher and you have a lot of income, it will be difficult for you to get approved for Chase Sapphire Preferred.What is the minimum credit score for Capital One Venture card? ›
To qualify for the Capital One Venture Rewards Credit Card, you'll likely need to have a good credit score of at least 670, although having a higher credit score would only improve your chances of approval.Why is Capital One better than Chase? ›
Capital One and Chase are well-respected financial institutions and both ranked amongst GOBankingRates' Best Banks of 2023. Where Chase offers a sign-up bonus for certain checking accounts and many account options, Capital One comes through with no fees for your bank accounts as well as high interest rates.What is the disadvantage of Capital One? ›
- Some competitors offer higher rates on interest checking accounts.
- Capital One charges $30 for outgoing domestic wire transfers. That's more than some banks charge for this service.
Generally, you'll need to have a credit score of at least 700 in order to qualify for the Chase Sapphire Preferred® Card.How much is 25 000 Capital One points worth? ›
25,000 Capital One miles are worth an average of $175, depending on how you redeem them. Capital One miles are worth the most when redeemed for travel, but you can also redeem for a statement credit, a check or gift cards, among other options.Should I have 3 credit cards? ›
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.
What salary do you need for Sapphire Preferred? ›
We recommend that your annual income be at least $30,000 or higher before applying for the Chase Sapphire Preferred card.How much income do I need for Chase Sapphire? ›
The Chase Sapphire Preferred income requirement is at least $30,000 per year, based on user reports. Chase doesn't publicly disclose the Sapphire Preferred Card's income requirements, but they are required by law to consider a new cardholder's ability to make the minimum monthly payments on their assigned credit line.Why did I not get approved for Chase Sapphire Preferred? ›
There are a few factors that Chase looks at before approving the Chase Sapphire Preferred® Card. One of the most important factors is your credit score. You also need to be under Chase's 5/24 rule. If you've applied for 5+ credit cards in the last 24 months, you will not be approved.Is Capital One Venture One hard to get? ›
It's possible to get the Capital One Venture with a credit score in the mid-600s. But, you may need to be a current Capital One member or have a high income to be approved with fair or good credit. For the best approval odds, you may wait until your score is at least 750.What income do you need for Capital One Venture? ›
However, there's no official minimum income amount required for credit card approval in general. It varies by credit card company and from individual card to card. For example, the Capital One Venture Rewards Credit Card requires at least $425 more in income per month than you...What is the maximum credit limit for Capital One Venture card? ›
Capital One Venture Rewards Credit Card
Highest reported credit limit: $58,000, according to a member on the myFICO forums. This is another Visa Signature card, so the minimum credit limit is reportedly $5,000.
- First checkbook free.
- No monthly maintenance fees.
- No minimum balance requirements.
- Capital One debit Mastercard®
- Access to over 70,000 fee-free Capital One and partner ATMs3.
The most common reasons Capital One may decline a credit limit increase request include: Your credit card account is not old enough. You've received a credit limit increase in the last six months. You've been past due on your account in the last several months.Why Capital One is the best? ›
The benefits of Capital One credit cards include several types of travel insurance, cell phone protection, and price protection. These benefits are mostly found on the top-tier Capital One credit cards, though many more Capital One credit cards have rental car insurance and emergency card replacement.What is one 1 of the disadvantages of venture capital financing? ›
Reduction of ownership stake
The primary disadvantage of VC is that entrepreneurs give up an ownership stake in their business. Many a time, it may so happen that a company requires additional funding that is higher than the initial estimates.
Why not approved Capital One? ›
A credit card issuer has to make sure you have enough income to make the required payments for your card. If you don't have enough income to make the minimum payments, you might not be approved.Is Capital One credit card worth it? ›
The Capital One Platinum Credit Card is a solid choice for people looking to build credit. You won't earn rewards or have access to many perks, but it will help you learn to manage your credit effectively. Beyond helping you to build your credit, this card doesn't have much to offer.What is the highest credit limit for Chase Sapphire Preferred? ›
Highest “Points” Credit Limit: $500,000
The cards with the highest overall credit limits, Chase Sapphire Reserve® and Chase Sapphire Preferred® Card, are points cards, so they win this category as well.
Bogdan Roberts, Credit Cards Moderator
The Chase Sapphire Preferred credit limit is $5,000, at a minimum. But some cardholders can get a credit limit higher than that. Plenty of Chase Sapphire Preferred cardholders report limits of at least $10,000, and some say they have a limit of $20,000 or more.
That's $1,000 when you redeem through Chase Ultimate Rewards®. Our #1 recommended beginners rewards card featuring a 80,000-point signup bonus after you spend $4,000 on purchases in the first 3 months from account opening. This card comes with great benefits and earns valuable Ultimate Rewards points.How much is 20000 Capital One Venture points worth? ›
What are Capital One rewards worth? Capital One miles are worth 1 cent each when redeemed for travel, 0.8 cents each when redeemed for gift cards and 0.5 cents each when redeemed for cash back. That means 20,000 Capital One miles are worth $200 in travel or $100 in cash back. Travel Purchases: 1 cent per mile.How much is 60 000 Capital One Venture points worth? ›
60,000 Capital One miles are worth an average of $420, depending on how you redeem them. Capital One miles are worth the most when redeemed for travel, but you can also redeem for a statement credit, a check or gift cards, among other options.How many dollars is 75000 Capital One points worth? ›
Earn 75,000 Bonus Miles With the Capital One Venture Card
Before we dig in, to unlock the 75,000 bonus miles, new cardholders will need to spend $4,000 on the card within the first 3 months of opening their account. By Upgraded Points' valuations, 75,000 bonus miles equate to a cash value of around $1,350.
Having too many open credit lines, even if you're not using them, can hurt your credit score by making you look more risky to lenders. Having multiple active accounts also makes it more challenging to control spending and keep track of payment due dates.How many credit cards should you not have? ›
Key takeaways: There isn't a set number of credit cards you should have, but having less than five credit accounts total can make it more difficult for scoring models to issue you a score and make you less attractive to lenders.
Is it better to cancel a credit card or keep it? ›
Canceling a credit card can shorten the average age of all accounts, which can negatively affect your score. If your score has already dropped due to other negative items, such as late payments or large debt balances, it's probably best to keep the account open instead of closing it.Does Sapphire Preferred pay for TSA PreCheck? ›
The card also offers up to a $100 reimbursement every four years for the application fee for NEXUS, Global Entry or TSA PreCheck, which can let you sail through customs or security lines on your next trip.Do credit cards check your income? ›
Yes, credit cards do check your income when you apply. Credit card issuers are required by law to consider your ability to repay debt prior to extending a new line of credit. So, listing your annual income is a requirement on every credit card application.How long does it take to get a Chase Sapphire Preferred card? ›
Q: How long does it take to get the Chase Sapphire Preferred Card? A: It typically takes seven to 10 business days for a new Chase Sapphire Preferred Card to arrive after you're approved. However, Chase may offer expedited one- to two-day delivery of your card upon request.What is the 1 48 rule for Chase Sapphire? ›
This is a relatively new Chase rule, but an important one: You cannot receive a Sapphire sign-up bonus if you've already received a bonus from either version (Preferred or Reserve) within previous 48 months. It's important to note it's 48 months or 4 years from the receipt of the statement with the bonus on it.What is a 5 24 rule? ›
The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.Is 10000 a good credit limit? ›
Is a $10,000 credit limit good? Yes a $10,000 credit limit is good for a credit card. Most credit card offers have much lower minimum credit limits than that, since $10,000 credit limits are generally for people with excellent credit scores and high income.What is the 2 30 rule for Chase? ›
Two Cards Per 30 Days
Chase generally limits credit card approvals to two Chase credit cards per rolling 30-day period. Data points conflict on this but a safe bet is to apply for no more than two personal Chase credit cards or one personal and one business Chase credit card every 30 days.
For a credit card application, you will need to report your gross income, which is your annual salary before taxes and other deductions. Your net income is the amount you get in your paycheck after those deductions.Why is it hard to get approved by Chase? ›
In general, Chase credit cards aren't the easiest to get since most require a good or excellent credit score for approval (700 or more). Most of those requirements are pretty standard, although some credit card companies offer cards to people with lower scores.
What FICO score does Capital One use? ›
Capital One appears to pull from any of three major credit bureaus: Experian, Equifax and TransUnion. Though all evidence is limited to anecdotal data, Capital One does seem to rely on specific bureaus in some states, though this is not a guarantee.What is the credit limit for Capital One with a 700 credit score? ›
You can get a Capital One Quicksilver credit limit of $10,000 if your credit score and overall creditworthiness are good enough. You will need at least good credit (a credit score of 700+). But the higher your credit score is, the better are your chances of getting a $10,000 credit limit.Is Capital One hard to get approved? ›
As long as you meet the credit score requirement and a few other requirements, it's not hard to get a Capital One credit card. As with all credit cards, you'll need to have a steady income and be at least 18 years old. You'll also need to have an SSN.What is the 6 month rule for Capital One? ›
Capital One also has a hard-and-fast rule when timing your applications. You're only able to get approved for one card every six months. This lumps personal and small-business cards together.What is the minimum credit limit for Capital One? ›
There is no general starting credit limit for Capital One credit cards. Your credit limit will be based on your creditworthiness once your application has been approved.How much does Capital One increase credit limit after 5 months? ›
Automatic credit limit increase to $500 after making your first 5 monthly payments on time is for card holders that are on the capital one credit steps program.What is the lowest limit for Capital One Venture card? ›
Capital One Venture Credit Limit
Since the Capital One Venture is a Visa Signature card, your minimum credit limit will be $5,000. Well-qualified applicants mentioned their credit limit was as high as $30,000. Other applicants with credit scores between 700 and 750 were assigned limits of at least $10,000.
Cardholders in good standing (e.g. good credit score, consistent on-time payments) may also receive an automatic credit limit increase once or twice a year. If requesting an increase from Capital One, approval can happen immediately or could take up to 30 days to process.Is Capital One a good bank for credit card? ›
Yes, it is good to have a Capital One credit card because these cards offer low or no annual fees, generous rewards, 0% APR deals, and no foreign transaction fees. Capital One credit cards are also available to all types of consumers, including students, business owners and people with bad or limited credit.Why is banking with Chase better? ›
The bottom line: JPMorgan Chase is the largest bank in the country and offers a robust menu of services and products. It provides mortgages, auto loans and one of the broadest selections of credit cards in the industry. And its website experience can compete with that of online-only banks.
Does Capital One build credit faster? ›
Yes, Capital One cards help you build credit, as long as you use your card responsibly and pay your bill on time every month. Most Capital One credit cards are especially good for building credit as they are free to use, and your account information gets reported to the three major credit bureaus monthly.What are the advantages of a Capital One credit card? ›
- You Don't Need Excellent Credit or High Income to Be Approved.
- You Can Find out If You're Pre-Qualified.
- No Annual Fee.
- No Security Deposit Needed.
- Reports to All 3 Credit Bureaus. Easy Account Management.
- Earn a Higher Credit Limit.
- No Penalty APR for Late Payments.
- Convenient and Simple Online Account Access.
As long as you meet the credit score requirement and a few other requirements, it's not hard to get a Capital One credit card. As with all credit cards, you'll need to have a steady income and be at least 18 years old. You'll also need to have an SSN.What is considered excellent credit? ›
Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.What is Capital One known for? ›
Capital One Financial Corporation is an American bank holding company specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States.What are the disadvantages of Chase? ›
- Low interest rates on CDs, savings and checking accounts.
- Monthly fees with most accounts if you don't qualify for waivers.
- Out-of-network ATM fees with Chase's basic accounts.
Overall, if you're choosing between Chase and Bank of America, the better option for you will really depend on your personal banking needs and preferences. Both are big banks with thousands of branches and tens of thousands of ATMs. Chase offers a wider variety of accounts, though it is lacking in IRA options.What are the weaknesses of Chase Bank? ›
- Large market in the US: Even though JP Morgan Chase has operations in over 100 countries, they are mainly dependent on US activities. ...
- Limited Success: It only has limited success in its current business and not in other markets.
The Capital One Platinum Secured Credit Card is available to consumers who have a bank or credit union account and a Social Security number. This is the easiest credit card to own because it caters to consumers with limited or poor credit.What is the highest credit score for Capital One? ›
The most common scoring models produce credit scores that range from 300 to 850, the highest credit score possible. Within that range, there are smaller number ranges—representing everything from a poor score to an excellent one—that you can use to gauge where your credit scores stand.