Both the Chase Sapphire Preferred
and Capital One Venture Rewards cards offer enticing signup bonuses to attract new cardholders. The Sapphire Preferred typically offers a bonus of 60,000 points after spending $4,000 within the first three months of account opening. Meanwhile, the Venture Rewards card offers a bonus of 50,000 miles after spending $3,000 within the same timeframe.
While the Sapphire Preferred
bonus may seem more substantial at first glance, it's essential to consider the point values and redemption options when comparing these bonuses, which we'll discuss in a later section.Annual fees
The Chase Sapphire Preferred card
comes with an annual fee of $95, while the Capital One Venture Rewards card also carries a $95 annual fee. Both cards waive the annual fee for the first year, giving you a chance to test out the card's benefits and rewards without any upfront costs.Reward points
When it comes to earning rewards points, the Chase Sapphire Preferred
and Capital One Venture Rewards cards differ in their earning structures. The Sapphire Preferred earns 2x points on travel and dining purchases and 1x point on all other purchases. Additionally, cardholders can earn 5x points on Lyft rides through March 2022.
The Venture Rewards card, on the other hand, earns a flat 2x miles on every purchase, making it a more straightforward option for those who prefer a simple rewards structure.Travel benefits
Both cards offer a range of travel benefits that can enhance your travel experiences. The Sapphire Preferred
provides cardholders with primary rental car insurance, trip cancellation/interruption insurance, lost luggage reimbursement, and trip delay reimbursement.
In contrast, the Venture Rewards card offers a $100 credit for Global Entry or TSA PreCheck application fees, auto rental collision damage waiver, and travel accident insurance. The Venture Rewards card does not provide trip cancellation/interruption insurance, but it does include lost luggage reimbursement and trip delay reimbursement.