When it comes to travel rewards credit cards, two of the most popular options are Chase Sapphire Preferred and Capital One Venture. Both offer generous rewards and bonus points, but which one is right for you? In this article, we’ll compare the benefits of each card so that you can make an informed decision about which one will best suit your lifestyle and financial needs. We’ll discuss things like annual fees, points earned per dollar spent, rewards redemption rates, and other features. By the end of this article, you’ll know exactly which card is the better option for you.
When it comes to comparing the rewards and bonuses of Chase Sapphire Preferred and Capital One Venture, the differences become clear. The annual fee for Chase Sapphire Preferred is $95, however you can earn a bonus of 60,000 points after spending $4,000 within the first three months. With Capital One Venture, there is no annual fee the first year and then a $95 fee every year after that. You can also earn a bonus of 50,000 points after spending $3,000 within the first three months.
When it comes to points earned per dollar spent, Chase Sapphire Preferred offers two points per dollar spent on travel and dining, while Capital One Venture offers two miles per dollar spent on all purchases. Additionally, the redemption rates for each card are different. With Chase Sapphire Preferred, you can redeem points for travel and dining at a rate of 1.25 cents per point, while with Capital One Venture you can redeem miles for travel at a rate of one cent per mile.
In terms of additional features, Chase Sapphire Preferred offers purchase protection, extended warranty protection, and trip cancellation/interruption insurance. Capital One Venture does not offer any of these features.
When it comes to the perks and benefits of each card, Chase Sapphire Preferred and Capital One Venture have some key differences. For example, Chase Sapphire Preferred offers exclusive access to special events such as concerts, sporting events, and more. Additionally, you can also get discounts when booking hotels or rental cars through their travel portal. Meanwhile, Capital One Venture offers a 24-hour concierge service to help you with travel arrangements and purchases.
Ultimately, the best card for you will depend on your individual needs and lifestyle. If you travel frequently, then Chase Sapphire Preferred may be the better option as it offers more generous rewards and bonuses. On the other hand, if you are looking for a card with no annual fee or a concierge service, then Capital One Venture could be a better option.