If you’re a road warrior and spend thousands of dollars annually on travel, the Capital One Venture X is the right fit for you. If your primary goal is to save money on travel by redeeming credit card points, the Chase Sapphire Preferred® is a much better option.

The travel credit card competition is fierce, with more options than ever before. That’s great news for us as consumers, since credit card issuers are pressed to continually improve their products.

For instance, the Capital One Venture X Rewards Credit Card made a huge splash when it launched last fall, offering exclusive benefits like airport lounge access, a TSA Precheck/Global Entry statement credit, and more — but for a $395 annual fee.

So, how does it compare to the long-standing champion and beloved travel card, the Chase Sapphire Preferred® Card, which comes with a more reasonable $95 annual fee?

While the answer may seem like a no-brainer at first, since the Capital One Venture X comes with an annual $300 travel credit, effectively reducing the annual fee to $95, the two cards are worth comparing.

Let’s dig in and find out which card comes out on top.

Overview: Capital One Venture X Rewards vs. Chase Sapphire Preferred® Card

 Capital One Venture X Rewards Credit CardChase Sapphire Preferred® Card
Annual fee$395$95
APR18.49% - 25.49% (Variable)18.24% - 25.24% Variable
Sign-up bonus75,000 bonus miles after spending $4,000 within first 3 months of account opening60,000 bonus points for spending $4,000 within first 3 months of account opening
Earning rate● 10X miles on hotels and rental cars when booked through Capital One Travel
● 5X miles on flights when booked through Capital One Travel
● 2X miles on all other purchases
● 5X points on travel purchased through Chase Ultimate Rewards®
● 3X points on dining, select streaming services, and online streaming services
● 1X point on all other purchases
Redemption value1:1 transfer ratio for most partnersAt least 1.25 cents per point
Benefits● Up to $300 in annual statement credits towards bookings through Capital One Travel
● 10,000 anniversary bonus miles
● Up to $100 credit for Global Entry or TSA PreCheck®
● Airport lounge access through the Capital One lounges and 1,400 Priority Pass lounges worldwide
● Annual $50 credit for hotels booked through Chase Ultimate Rewards®
● 10% anniversary point bonus for each dollar spent on the card every year
● Complimentary DoorDash DashPass membership until Dec. 2024
Foreign transaction feesNoneNone
Travel and shopping protections● Cellphone protection
● Trip cancellation and interruption insurance
● Primary rental car insurance
● Baggage delay insurance
● Trip delay reimbursement
● Return protection
● Extended warranty protection
● Trip cancellation and interruption insurance
● Primary rental car insurance
● Baggage delay insurance
● Trip delay reimbursement
● Travel and emergency assistance services
● Purchase protection
● Extended warranty

Capital One Venture X Rewards Credit Card

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In A Nutshell

With a high annual fee and rewards that come as miles (not cash back), the Capital One Venture X Rewards Credit Card and its buffet of travel benefits will be most rewarding to travelers who already spend $5,000+ annually on flights, hotels, and rental cars.

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Credit Score Requirements: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for. *Money Under 30 uses a FICO 8 score, which is one of many different types of credit scores. *A creditor may use a different score when deciding whether to approve you for credit.
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850

What We Like:

  • 10x miles on hotels and rental cars, and 5x on flights when booked via Capital One Travel, and 2x on all other purchases.

  • 75,000 bonus miles after spending $4,000 on purchases in the first three months from account opening.

  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel

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Chase Sapphire Preferred® Card

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In A Nutshell

The Chase Sapphire Preferred® Card sets the standard for travel rewards by offering an excellent 5x points on travel purchases through Chase Ultimate Rewards®, 3x points on dining and 2x points on all other travel purchases. And points are worth 25% more when you redeem travel through Chase Ultimate Rewards® – That means the killer 60,000 point sign-up bonus is worth $750 towards travel.

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Credit Score Requirements: Credit Score requirements are based on Money Under 30’s own research of approval rates; meeting the minimum score will give you the best chance to be approved for the credit card of your choice. If you don’t know your credit score, use our free credit score estimator tool to get a better idea of which cards you’ll qualify for. *Money Under 30 uses a FICO 8 score, which is one of many different types of credit scores. *A creditor may use a different score when deciding whether to approve you for credit.
Poor 500-599
Fair 600-699
Good 700-749
Excellent 750-850

What We Like:

  • A monster of an up-front bonus; 60,000 bonus points after spending $4,000 in the first three months.

  • 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining, 2X points on all other travel purchases, plus more.

  • Points are worth 25% more when you redeem travel through Chase Ultimate Rewards®

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
Annual Fee
$95
Regular APR
18.24% - 25.24% Variable
Intro APR
Intro APR Purchases N/A , 0 months
Intro APR Balance Transfers N/A , 0 months

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Sign-up Bonuses Compared

Both welcome offers are worth at least $750, even if it seems like the Capital One Venture X comes with the superior offer at 75,000 miles (versus 60,000 points).

With the Capital One Venture X, you can redeem your miles for any travel-related purchases on your statement credit at a value of 1 cent each. Capital One also allows you to transfer your miles to 15+ airline and hotel loyalty programs, although the end value will vary.

The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 in the first three months of account opening. However, each point is worth 1.25 cents each when you redeem for travel through the Chase Ultimate Rewards® portal, which is why the welcome offer is also worth $750. Similarly, Chase offers a suite of airline and hotel transfer partners that you can leverage, with the potential of exceeding this 1.25 cent-per-point value.

Earning Rates Compared

If you travel frequently, the Capital One Venture X offers an incredible return: 10X miles on hotels and rental cars and 5X miles on flights, all when booked through the issuer’s travel portal. For any other purchase, non-travel or travel-related, you’ll still earn 2X miles.

On the other hand, the Chase Sapphire Preferred® Card seems to be the better option for consumers who have a mix of everyday spending. You’ll not only earn 5X points on any travel booked through Chase, but also 3X points on dining, select streaming services, and online streaming services, and 1X points on all other purchases.

Ultimately, the decision will depend on your spending behavior. The difference in rewards-earning potential may end up being negligible, so you’ll want to take a closer look at the other perks to make a final decision.

Redeeming Rewards Compared

Both travel cards offer the best value when redeeming for — you guessed it — travel. Although you can opt to redeem for cash back, gift cards, and other non-travel rewards, the value is much lower and should be avoided, if at all possible.

Since Chase gives you 25% more redemption value for flights, hotels, rental cars, cruises, and more using its portal, Chase Ultimate Rewards® points are worth more than Capital One miles. Additionally, Chase’s travel partners are superior, with more recognized brands like Hyatt, Marriott, Southwest, United, and more.

Capital One also maintains a sizable roster of transfer programs. However, all of its airline partners are international — which can be more difficult to maximize. Still, we can’t neglect the simplicity of Capital One miles where you can simply credit any travel-related charge on your statement credit at a rate of 1 cent each.

Other Benefits Compared

When it comes to travel perks, the Capital One Venture X Rewards Credit Card is unmatched. If you take advantage of all of these benefits, you’ll come out ahead of the $395 annual fee:

  • $300 annual travel credit for bookings through Capital One Travel.
  • $100 Global Entry or TSA PreCheck® credit.
  • 10,000 bonus miles every account anniversary.
  • Capital One and Priority Pass airport lounge access, for the cardholder and up to two guests.
  • Hertz President’s Circle car rental elite status.
  • No foreign transaction fees.
  • A plethora of travel and shopping benefits, such as cellphone protection, trip cancellation and interruption insurance, Auto Rental Collision Damage Waiver, Return Protection, and more.

The Chase Sapphire Preferred® Card also comes with a decent amount of perks and partner benefits, and it’s not hard to justify paying the $95 annual fee:

  • Up to $50 in annual hotel credits for bookings through the Chase Ultimate Rewards® portal.
  • 10% bonus points of your total purchases made the previous year, every account anniversary.
  • 5x points on Lyft rides through March 31, 2025.
  • $10 monthly statement credit from Gopuff through December 31, 2023.
  • Complimentary DoorDash DashPass subscription for $0 delivery fees and lower service fees on eligible orders through December 31, 2024.
  • No foreign transaction fees.
  • Travel and shopping protections, including trip cancellation and interruption insurance, primary rental car insurance, purchase protection, and more.

The main differentiator between the two cards is if you’re specifically seeking airport lounge access and a Global Entry or TSA PreCheck® credit. These two benefits can make all the difference when you’re navigating a bustling airport.

Compare that to the Chase Sapphire Preferred®, which still boasts travel benefits but incorporates (potentially) more useful everyday perks, too.

Capital One Venture X Rewards: Pros & Cons

Pros

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  • Excellent travel benefits that can exceed the cost of the annual fee. Do the math, and it’s simple: you’ll come out ahead if you’re a frequent traveler who can take advantage of all the Venture X’s perks.
  • Phenomenal rewards rate, with the potential of earning up to 10X points. It’s hard to rival the Venture X’s return on travel purchases.
  • $750 in value from the welcome offer. Earning the sign-up bonus can help you boost your point balances — to the tune of 75,000 bonus points.

Cons

  • The $395 annual fee is steep, even with the $300 annual travel credit. And you’ll be charged that fee upfront, so be prepared to pay the price.
  • Rewards aren’t as valuable (compared to other credit card programs). While Capital One miles are easy to use, they’re not as lucrative compared to Chase Ultimate Rewards® points.
  • Booking through the Capital One travel portal. In order to get those sweet 10X bonus points on car rentals and hotels or use up the annual $300 travel credit, you have to book through the portal. If you prefer to book directly with airlines, car rental companies, and hotels, this card may not be the right choice for you.

Chase Sapphire Preferred®: Pros & Cons

Pros

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  • Your points are worth at least 1.25 cents each toward travel. In other words, that $250 flight will only cost you 10,000 points, helping you save on your hard-earned points.
  • Great rewards rate for travel and everyday purchases. You’re earning points in your day-to-day and when you’re on that dream trip.
  • $750 in value from the welcome offer. Those 60,000 bonus points can help you unlock some great travel redemptions, with Ultimate Rewards® points worth 1.25 cents each — or potentially more.

Cons

  • There’s a $95 annual fee. Although it’s not a crazy exorbitant fee, the card is nowhere from “free” and still takes a bit of legwork to maximize year after year.
  • No premium travel benefits. However, this shouldn’t come as a shock as it’s a card with only a $95 annual fee.

Bottom Line: Which Card Wins?

Where the Chase Sapphire Preferred® Card shines is its high rewards potential. Meanwhile, the Capital One Venture X Rewards Credit Card offers a horde of travel benefits that will improve your journey along the way.

Therefore, it’s not necessarily about which card is the winner. If you want to save big on travel by leveraging credit card points, the Chase Sapphire Preferred® is the way to go. On the other hand, if you spend thousands of dollars on travel every year and want luxurious benefits, the Capital One Venture X is the better travel companion.

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About the author

Chris Muller picture
Total Articles: 197
Chris has an MBA with a focus in advanced investments and has been writing about all things personal finance since 2015. He’s also built and run a digital marketing agency, focusing on content marketing, copywriting, and SEO, since 2016. You can connect with Chris on Twitter.