Capital One Venture Card vs. Chase Sapphire Reserve Card [Detailed Comparison]

Key Takeaways

• The Capital One Venture Rewards Credit Card earns 5x miles on hotels and rentals booked through Capital One Travel and 2x miles on everything else.
• The Chase Sapphire Reserve^® offers 3x points on travel and dining, with even more points available if purchases are made through Chase Travel and Ultimate Rewards.
• Frequent travelers may get more value from the Chase Sapphire Reserve card, with lounge access, a $300 annual travel credit, and other travel benefits that can outweigh its higher annual fee.

Selecting the appropriate travel rewards card can be a daunting task, especially when you’re first starting out. It’s a natural inclination to simply choose a card with an earning structure you understand, a few benefits you might use, and redemption options that are easy to execute.

On the flip side, a traveler might want to jump in with both feet and select a premium travel rewards card with all the bells and whistles.

Today we’re going to talk about 2 such very different rewards cards. One is a card you might consider if you were just starting out, mostly because of its simplicity but also because of its familiarity due to its advertising exposure.

The other card has a high annual fee, bonus earning categories, various flexible redemption options, and a long list of travel benefits.

The Capital One Venture Rewards Credit Card and the Chase Sapphire Reserve^® are both respectable travel rewards cards, each offering value when matched with the right type of traveler.

Overview

Before we dive into all the details, let’s look at a side-by-side overview of the Capital One Venture card and the Chase Sapphire Reserve card for a glance at the overall value of each card as it could relate to your situation.

For Capital One products listed on this page, some of the benefits may be provided by Visa^® or Mastercard^® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Comparing Welcome Offers

Welcome bonuses offer an opportunity to quickly build a bank of redeemable rewards. You’ll earn this bonus on either of our featured cards after meeting minimum spending requirements within the first 3 months after card approval.

Here’s how these cards stack up with regard to these initial bonuses.

Capital One Venture Card

Welcome offers for the Capital One Venture card may vary, but you can expect to receive a reasonable bonus. Miles may be worth potentially more when transferred to airline and hotel partners.

Terms Apply / Rates & Fees

Capital One Venture Rewards Credit Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!

Apply Now(at Capital One's secure site)

Capital One Venture Rewards Credit Card

Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!

Welcome Offer

Earn 75,000 miles once you spend $4,000 on purchases within the first 3 months from account opening, equal to $750 in travel.

75,000 miles

UP's Offer Valuation*:

$1,350

Annual Fee

$95

APR

Purchases: 19.99% - 29.24% (Variable)

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent Credit (670-850)

Why We Like This Card

The Capital One Venture Rewards Credit Card is one of the most popular rewards cards on the market. It’s perfect for anyone in search of a great welcome offer, high rewards rates, and flexible redemption options.

Frequent travelers with excellent credit may benefit from this credit card that offers a lot of bells and whistles. And it offers easy-to-understand rewards earning and redemption.

Pros & Cons

Pros

• 5x miles per $1 on hotels, vacation rentals, and rental cars booked through Capital One Travel
• 2x miles per $1 on all other purchases
• Up to a $120 Global Entry or TSA PreCheck application fee credit

Cons

• $95 annual fee (rates & fees)
• Limited elite benefits

Read Full Review

Card Highlights

• Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
• Earn unlimited 2X miles on every purchase, every day
• Earn 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
• Miles won't expire for the life of the account and there's no limit to how many you can earn
• Receive up to a $120 credit for Global Entry or TSA PreCheck^®
• Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
• Enjoy a $50 experience credit and other premium benefits with every hotel and vacation rental booked from the Lifestyle Collection
• Transfer your miles to your choice of 15+ travel loyalty programs

Financial Snapshot

• APR: Purchases: 19.99% - 29.24% (Variable)
• Foreign Transaction Fees: None

Rewards Center

Capital One Miles

Chase Sapphire Reserve Card

The welcome bonus offered on the Chase Sapphire Reserve card is worth 1.5x more when redeemed through the Chase travel portal or transferred to the Chase airline and hotel partners for potentially even greater end value.

Terms Apply / Rates & Fees

Chase Sapphire Reserve^®

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

A top player in the high-end premium travel credit card space that earns 3x points on travel and dining while offering top luxury perks.

Apply Now(at Chase's secure site)

Chase Sapphire Reserve^®

A top player in the high-end premium travel credit card space that earns 3x points on travel and dining while offering top luxury perks.

Welcome Offer

Earn 60,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.

60,000 points

UP's Offer Valuation*:

$1,200

Annual Fee

$550

APR

20.24% - 28.74% Variable

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Excellent

Why We Like This Card

If you’re looking for an all-around excellent travel rewards card, the Chase Sapphire Reserve^® is one of the best options out there.

The card combines elite travel benefits and perks like airport lounge access, with excellent point earning and redemption options.  Plus it offers top-notch travel insurance protections to keep you covered whether you’re at home or on the road.

Don’t forget the $300 annual travel credit which really helps to reduce the annual fee!

Pros & Cons

Pros

• 10x total points on hotels and car rentals when you purchase travel through Chase Travel^SM immediately after the first $300 is spent on travel purchases annually
• 5x points on airfare booked through Chase Travel^SM
• 3x points on all other travel and dining purchases; 1x point on all other purchases

Cons

• $550 annual fee
• Does not offer any hotel elite status

Read Full Review

Card Highlights

• Earn 60,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
• $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
• Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
• Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 60,000 points are worth $900 toward travel.
• 1:1 point transfer to leading airline and hotel loyalty programs
• Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $120 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck^®
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Coverage, Lost Luggage Insurance and more.
• Member FDIC

Financial Snapshot

• APR: 20.24% - 28.74% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

Earning Rewards

The Capital One Venture card earns rewards in the form of Capital One miles, and the Chase Sapphire Reserve card earns Ultimate Rewards points.

While redemption values differ, here’s how the 2 cards compare when earning rewards on every purchase you make.

We’ve put together complete guides on the best ways to earn lots of Capital One miles and Ultimate Rewards points so you can learn even more.

Bottom Line: If you want simplicity, you won’t find a better earning structure than the Capital One Venture card with a minimum of 2 miles per dollar earned on every purchase. If you’re a frequent traveler and have a lot of associated spending, however, you’ll find greater upside earning opportunities and travel benefits with the Chase Sapphire Reserve card. 

Redeeming Rewards

Capital One miles earned on the Capital One Venture card are not the same as frequent flyer miles — the miles function as redeemable miles similar to the Ultimate Rewards points earned on the Chase Sapphire Reserve card.

When you’re ready to redeem your rewards on either card, you’ll find several options, although values vary depending on the redemption option you select.

While redemption options on each card are similar, the rewards currencies can differ significantly in the value received. The sweet spot for Capital One miles is transferring the miles to travel partners for the best potential value.

Ultimate Rewards points can also be transferred to travel partners for potentially more value, plus you have the option to redeem the points for 1.5 cents each on the Chase travel portal. When redeeming Capital One miles for travel with Capital One Travel, miles are only worth 1 cent.

Ultimate Rewards points are much more valuable overall, however, as points could also be redeemed for cash at 1 cent each versus Capital One miles at 0.5 cents each.

Here are some great ideas for redeeming your Capital One miles and Ultimate Rewards points for maximum value.

Bottom Line: Ultimate Rewards points earned on the Chase Sapphire Reserve card are more valuable than Capital One miles as the Ultimate Rewards points can be redeemed for 1.5 cents each towards travel or 1 cent per point for statement credits or cash-back. 

Travel Benefits

Both of these featured cards offer benefits that can save you money and provide assistance during your travels.

Here are some common travel benefits and protections found on our featured cards:

• Global Entry or TSA PreCheck Reimbursement — Use your card to pay for the fee and receive up to $120 in reimbursement for either Global Entry or TSA PreCheck.
• No Foreign Transaction Fees — You can take either of these cards with you when you travel as neither charges fees on foreign purchases (rates & fees).

Chase Sapphire Reserve Card Exclusive Travel Benefits

The Chase Sapphire Reserve card is packed with additional valuable travel benefits.

Air Travel

• Worldwide Airport Lounge Access — Enjoy complimentary access to over 1,300 locations worldwide with your Priority Pass Select membership that comes with the card.
• Up to $300 Travel Statement Credit — Receive a statement credit for your first $300 in travel purchases each card anniversary year.
• NEXUS Reimbursement — In addition to TSA PreCheck or Global Entry, you can also use your card to pay for the NEXUS enrollment fee and receive up to $100 in reimbursement.

Hotel Programs

• Receive VIP treatment and cardholder perks at the Luxury Hotel & Resort Collection, Relais & Chateaux, and at Ennismore hotels.

Car Rental

• Car Rental Collision Damage Waiver — Pay for the entire car rental with your card, decline the CDW/LDW coverage offered by the rental car company and receive primary car rental coverage for damage and theft.
• Enjoy cardholder discounts and other perks with Avis and National

Travel Insurance and Protection Perks

Capital One Venture Card only

The Capital One Venture card comes with these useful and money-saving features:

• Lost or Damaged Luggage* – Reimbursement for the actual cost of repairing or replacing your checked or carry-on luggage and personal property contained therein that is lost or damaged
• MasterRental Insurance* – Use your card to rent an eligible vehicle and you may be covered for physical damage and theft of the rental vehicle
• Master RoadAssist®* – Take advantage of 24 hour toll-free assistance to help with services like towing, gas delivery, jumpstarts, and tire changes. Customer is responsible for any and all costs incurred

Chase Sapphire Reserve Card

Here are the additional insurance and protections available with the Chase Sapphire Reserve card.

• Trip Cancellation, Interruption, and Delay — Coverage of up to $10,000 per trip, $20,000 per occurrence, a maximum of $40,000 per 12-month period for trip disruption, and up to $500 for a trip delay of more than 6 hours.
• Emergency Medical, Dental, and Evacuation — Receive up to $2,500 for emergency medical or dental, and $100,000 for emergency evacuation.
• Roadside Assistance — Receive up to 4 free service calls each year, a maximum of $50 coverage for each occurrence.
• Delayed Baggage — If your baggage is delayed more than 6 hours, you could receive up to $100 a day for 5 days.
• Emergency Travel Assistance — Receive access to a dedicated phone line to assist you with medical or legal referrals, emergency transportation, help with replacing a lost passport, and much more.

The list of travel-related benefits and protections is not all-inclusive, and descriptions have been abbreviated. You’ll want to access the specific card’s guide to benefits for the full descriptions, terms, and conditions.

Bottom Line: While both cards come with several travel benefits and protections, the Chase Sapphire Reserve card is by far the winner for the frequent traveler. The card comes with a high annual fee, however, so you’ll want the card only if you can optimize the offered benefits. 

Shopping Benefits and Protections

While you might not select a travel rewards card for its shopping benefits and protections, these perks could influence your decision.

Here are the shopping-related benefits/protections that come with each card.

If you use DoorDash, having a complimentary subscription is a big positive for Chase Sapphire Reserve cardholders.

Annual Fees, Authorized Users, and Transfers

The Capital One Venture card and Chase Sapphire Reserve card are in different leagues regarding earning rewards, redeeming rewards, and benefits offered. The same differences hold true regarding annual fees, adding authorized users, and transfers between accounts.

Annual Fees

The Chase Sapphire Reserve card has an annual fee of $550 while the Capital One Venture card charges an annual fee of $95 (rates & fees).

Authorized Users

The Chase Sapphire Reserve card charges $75 to add an authorized user. Authorized users do, however, receive worldwide lounge access via Priority Pass Select membership and some travel/shopping benefits and protections.

Transfers Between Accounts

The Capital One Venture card allows free transfers of Capital One miles to any account that is eligible to earn miles. The Chase Sapphire Reserve card allows no-fee transfers to family members’ accounts in the same household.

Final Thoughts

If you’re just starting out and trying to decide on a travel rewards card, the Capital One Venture card does make the process simple — you spend on the card and earn 2x rewards. Even with several redemption options, that process is also simple.

If you’re a frequent traveler, however, you could receive better value from a travel rewards card such as the Chase Sapphire Reserve card. With 3x earnings on travel and dining, worldwide lounge access, up to $300 in travel credits, and a long list of travel benefits, the card offers a package that matches most traveling profiles. It does have a hefty annual fee, but if you can use even a couple of its benefits, such as lounge access and the travel credit, you could receive value far beyond that fee.

For Capital One products listed on this page, some of the benefits may be provided by Visa^® or Mastercard^® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.