Edited by: Keri Stooksbury
& Kellie Jez
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Chase and Capital One are 2 of the largest banks in the U.S., and while they both have drastically different structures, products, and focuses, it is worthwhile to pit the 2 of them against each other and figure out which is best.
In the past, Chase has been an absolute powerhouse in credit cards, whether you were looking for cash-back, travel rewards, or business credit cards. However, Capital One has been playing catch-up in recent years, and this has ultimately resulted in comparisons being drawn between the two.
In this guide, we’ll be comparing the credit cards offered in each category by both banks and showing you the top (and runner-up) credit card choices between Chase and Capital One.
We’ll first discuss the differences between the 2 rewards programs and why it’s important to know the characteristics of each. Then we’ll break down the top credit card categories and determine which cards come out on top and in second place.
Let’s get started!
Each credit card earns points or miles at different rates and on different categories, such as dining or travel.
Capital One miles and Chase Ultimate Rewards points can both be used for statement credits, gift cards, experiences, and more. In general, using your points in these ways will get you a value of 1 cent per point. For example, you can redeem 10,000 Capital One miles or Chase Ultimate Rewards points for $100 in statement credits or for a $100 gift card.
Capital One Miles and Chase Ultimate Rewards each have different transfer partners. Some transfer partners, such as Singapore Airlines KrisFlyer and Air France/KLM Flying Blue are part of both rewards systems, while others, such as United Airlines MileagePlus (with Chase) and Avianca LifeMiles (with Capital One) are only partners with 1 of the rewards systems.
Both of these rewards systems have excellent transfer partnerships, overall.
And if you’re not looking to redeem through transfer partners, you can redeem Capital One miles via Capital One Travel for 1 cent each or Chase Ultimate Rewards points through the Chase travel portal at up to 1.5 cents each, which is a 50% bonus compared to the normal redemption value.
On the other hand, Capital One maintains a pretty consistent value of 1 cent per mile when redeeming for anything besides transfer partners.
There are only a handful of credit cards that can earn Capital One miles, while there are many credit cards that can earn Ultimate Rewards points. In general, both issuers allow you to earn up to 10 miles or points per dollar spent.
The best overall travel rewards credit cards offer exceptional rewards without a huge price tag. And luckily, both Chase and Capital One offer exceptional products in this arena.
Let’s compare the top 2 contenders!
A fantastic travel card with a huge welcome offer, good benefits, and perks for a moderate annual fee.
The Chase Sapphire Preferred® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.
Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.
The Chase Sapphire Preferred card is one of the most popular travel credit cards in the U.S. It also happens to be the best beginner rewards credit card available.
Even so, the most seasoned points enthusiasts love keeping this card in their arsenal.
One of the things that make this credit card exceptional is the fact that its welcome offer is consistently awesome — with a bit of monthly spending after opening the card, you’ll see a massive pop in your point balance.
But if you look past the introductory offer, you’ll find a very attractive earning rate of 5x points on travel purchased through Chase Ultimate Rewards; 3x points on dining, online grocery purchases (excluding Target, Walmart, and wholesale clubs), and select streaming services; 2x points on all other travel purchases; and 1x points on all other purchases. You can also earn 5x Ultimate Rewards points on Lyft purchases through March 31, 2025, which is stellar.
In addition, the Chase Sapphire Preferred card has an awesome 10% points bonus (calculated based on the total dollar amount spent after every card anniversary).
Remember, we value Ultimate Rewards points at around 2 cents each, which means that on your 2x travel and 3x dining purchases, you’d earn a 4.2% to 6.2% return on spending. On Lyft purchases and Chase Ultimate Rewards travel that earn 5x points, after the 10% anniversary bonus, you’d earn a whopping 10.2% return on your spending!
The Chase Sapphire Preferred card also offers a complimentary DoorDash DashPass subscription. If activated by December 31, 2024, the subscription is active for at least 1 year up until December 31, 2025. If activated during the 2024 calendar year, the subscription will be valid for 1 year from the date of activation.
There are no foreign transaction fees, and you’ll have the ability to flexibly redeem your points with transfer partners like United MileagePlus and World of Hyatt.
But the cherry on top is the awesome travel coverage you can access with this card, including trip delay insurance, trip cancellation and interruption insurance, baggage delay insurance, lost luggage insurance, travel accident insurance, and primary rental car insurance.
Lastly, the Chase Sapphire Preferred card offers essential purchase protection, extended warranty protection, and zero fraud liability to round out the main benefits.
Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!
As a frequent traveler with excellent credit, you’re always on the lookout for a credit card that comes with all the bells and whistles. And the easier it is to understand, the better!
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 sign-up bonus, high rewards rates, and flexible redemption options.
Capital One’s well-known travel rewards credit card, the Capital One Venture card, draws plenty of comparisons to the Chase Sapphire Preferred card. But in reality, the 2 cards vary significantly.
The Capital One Venture card is similar to the Chase Sapphire Preferred card in the sense that it also offers a generous welcome offer and a low annual fee. Both cards also have access to transferable rewards, albeit with 2 different rewards systems.
That’s where the similarities end, so let’s get into the Capital One Venture card’s selling points. First of all, the biggest reason why you’d want to have this card is that you don’t need to worry about bonus categories like dining or travel to earn an unlimited 2x Capital One miles on every purchase, every day. Beyond that, earn 5x miles on hotels and rental cars booked through Capital One Travel.
That means all of your spending on the Capital One Venture card will consistently return around 3.6% and up to 9%.
Also, this credit card offers an application fee credit for Global Entry or TSA PreCheck. So if getting these memberships was on your to-do list, the Capital One Venture card can help you get it for free. Note that this card also offers 2 free visits per year to Capital One Lounges or Plaza Premium Lounges. You’ll also enjoy Hertz Five Star status with this card.
As with almost all of Capital One’s credit cards, this product doesn’t have foreign transaction fees.
You’ll find numerous travel insurance benefits available, including secondary car rental coverage, travel assistance, lost luggage coverage, roadside dispatch, and more.
The extended warranty, purchase security, and zero fraud liability are standard perks that many credit cards have, but are still worth pointing out as benefits.
Credit cards for small businesses are almost in a different realm compared to consumer credit cards.
This shouldn’t be surprising because a business often spends a lot more money on a lot of other expenses than a consumer probably would.
With business expenses, you may make a lot of purchases on advertising, office supplies, and more.
So in this next section, we’ll show you the 2 best business credit cards available.
The Ink Business Preferred card is hard to beat, with a huge welcome bonus offer and 3x points per $1 on the first $150,000 in so many business categories.
The Ink Business Preferred® Credit Card is a powerhouse for earning lots of points from your business purchases, especially for business owners that spend regularly on ads.
Plus the card offers flexible redemption options, including access to Chase airline and hotel transfer partners where you can achieve outsized value.
Business owners will also love the protections the card provides like excellent cell phone insurance, rental car insurance, purchase protection, and more.
The Ink Business Preferred card is colloquially known as the king of business credit cards. And it’s easy to see why: the bonus categories, sign-up bonus, and other perks are top-notch.
The Ink Business Preferred card offers a generous welcome offer, worth upwards of around $2,000! And once you’ve pocketed this bonus, you’ll pivot your focus to the bonus categories (there are many).
You can earn up to 3x Ultimate Rewards points on the first $150,000 in combined purchases made each account anniversary year on the following categories:
You can also earn 5x points on Lyft purchases through March 31, 2025.
One of the exceptional benefits of this card worth pointing out is its cell phone insurance. If you charge your (and your employees’) cell phone bills to this card, you and your employees are eligible for coverage if you break or damage your cell phone or if it’s stolen.
This insurance covers $1,000 per claim with a $100 deductible and a maximum of 3 claims per 12-month period, meaning up to $2,700 in value every year.
The benefits don’t end there because you get access to superb travel protections (similar to the Chase Sapphire Preferred card), including trip interruption and cancellation insurance, trip delay insurance, baggage insurance, baggage delay protection, travel accident insurance, and primary rental car coverage when renting for business.
There are no foreign transaction fees, and this card affords you purchase protection, extended warranty protection, zero liability, fraud protection, and more.
The Ink Business Unlimited card is a stellar option for business owners looking for a no-fuss uncapped 1.5% cash-back card without an annual fee.
As a business owner, you likely keep pretty busy and probably prefer a credit card that just keeps things simple.
If so, the Ink Business Unlimited® Credit Card might be just the card for you. From zero annual fee to a flat cash-back rate, the card is a no-frills option that you don’t have to think twice about.
Don’t forget too, 0% intro APR on purchases for 12 months; variable 18.49% - 24.49% thereafter
The Ink Business Unlimited card is our runner-up because this credit card actually outperforms Capital One’s flagship business credit card — Capital One Spark Miles for Business — despite being a no-annual-fee card.
Specifically, the Ink Business Unlimited card offers a generous welcome offer, which is unusual for a card without an annual fee.
After that, you’ll earn 1.5% cash back on all your purchases which is convertible to Ultimate Rewards points if you have a credit card like the Ink Business Preferred card or the Chase Sapphire Preferred card. Plus, earn 5% cash back on Lyft purchases through March 31, 2025.
If you convert your Ultimate Rewards points, your 1.5% or 5% cash-back is equal to 1.5x or 5x Ultimate Rewards points, respectively.
Additionally, you’ll enjoy a 0% introductory APR benefit as shown in the table above that could be worth hundreds or even thousands of dollars in saved interest fees.
All employee cards have no additional fees, and you’ll enjoy primary rental car coverage, travel and emergency assistance services, roadside dispatch, purchase protection, extended warranty protection, zero liability fraud protection, and more.
To be clear, the Capital One Spark Miles card has access to transfer partners by itself, while the Ink Business Unlimited card requires an Ultimate Rewards credit card to transfer points to travel partners. Also, the Capital One Spark Miles card has no foreign transaction fees, while the Ink Business Unlimited’s foreign transaction fee is 3%.
But unless you’re planning on making a lot of foreign purchases, the Ink Business Unlimited card is the better choice, even compared to the Capital One Spark Miles card.
Hot Tip: Can’t choose between our Chase business favorites? See how they compare head-to-head in our article: Ink Business Preferred card vs. Ink Business Unlimited card.
So if you’re a frequent traveler and have enough expenses to make the most of the rewards overall, you should be looking for the highest-tier credit card.
You might be charged a larger annual fee up-front, but by making the most of the enhanced bonus categories, you’ll end up ahead in terms of value earned from credit card spending.
So without further ado, let’s get into our best premium travel rewards credit card.
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.
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!
The Chase Sapphire Reserve card is the winner in the premium category.
The card comes with a sizable welcome offer, but the real selling points come from the accrual structure and the stellar travel benefits. This credit card also comes with $300 annual travel credit (renewed after each card anniversary).
As far as other benefits go, you’ll get a complimentary Priority Pass Select membership, a TSA PreCheck/Global Entry application fee credit, a DoorDash DashPass subscription (activate by December 31, 2024), Instacart benefits, access to the Chase Luxury Hotel and Resort Collection, and so much more.
You’ll get rental car benefits, including elite status with National (Emerald Club Executive Level) and Avis (Preferred), discounts, and more.
But the Chase Sapphire Reserve card offers the best travel coverage of any credit card out there, including primary rental car insurance for up to $75,000 for car rentals 31 days or shorter, trip cancellation and interruption insurance, baggage delay and lost luggage insurance, and roadside assistance.
To round out the major benefits, the Chase Sapphire Reserve comes with purchase protection, extended warranty protection, and zero fraud liability protection.
The Capital One Venture X card is an excellent option for travelers looking for an all-in-one premium credit card.
The Capital One Venture X Rewards Credit Card is the premium Capital One travel rewards card on the block.
Points and miles fans will be surprised to see that the Capital One Venture X card packs quite the punch when it comes to bookings made through Capital One, all while offering the lowest annual fee among premium credit cards.
Depending on your travel goals and preferences, the Capital One Venture X card could very well end up being your go-to card in your wallet.
Capital One’s new high-end credit card is the Capital One Venture X card. It currently has an elevated welcome offer and earns up to 10x miles as follows:
The card has an annual travel credit of $300 on bookings through Capital One Travel, plus an anniversary bonus of 10,000 miles every year, starting on your first anniversary.
Also, cardholders with the Capital One Venture X card enjoy lounge access, including unlimited free visits to Capital One Lounges, and Plaza Premium Lounges, which is a huge plus. Of course, you’re entitled to a complimentary Priority Pass Select membership, too. The Global Entry/TSA PreCheck application fee credit of up to $100 is a given, as well.
Ultimately, you’ll also be entitled to cell phone protection insurance, no foreign transaction fees, up to 4 authorized users for no additional annual fee, and access to insider experiences through Capital One Premier Access.
Hot Tip: For a full comparison of our 2 contenders, check out our comparison guide of the Capital One Venture X card vs. Chase Sapphire Reserve card.
If you’re looking for the best cash-back credit card, perhaps because you don’t travel all that often or if you just believe “cash is king,” then don’t worry!
In this next section, we’ll identify the best cash-back credit cards that Capital One and Chase offer.
An excellent cash-back card that offers rewards for categories like dining, entertainment, popular streaming services, and grocery stores. (Information collected independently. Not reviewed by Capital One.)
When it comes to rewards credit cards, you can break up most savvy consumers into 2 camps: those who prefer travel rewards and those who prefer cash-back.
Both options can be very lucrative to you and your wallet, especially if you’re using the right card. For those who fall in the “cash is king” camp, you’ll likely find the Capital One Savor card quite compelling.
The Capital One Savor card is one of the most tempting cash-back credit cards out there. While there are many cash-back credit cards that have come and gone, this awesome product offers up to 8% cash-back with no caps.
You’ll start off with a 1-time cash bonus. Then, you will earn according to the following structure:
Impressively, this credit card has no rewards caps. Other perks include roadside assistance, secondary car rental coverage, roadside assistance, purchase protection, price protection, extended warranty, and zero liability fraud protection.
There are no foreign transaction fees and no authorized user fees.
This all-purpose cash-back card offers great bonus categories, including bonus points for every purchase you make!
The Chase Freedom Unlimited® is easily one of the best cash-back credit cards on the market. There aren’t many no-annual-fee credit cards that offer multiple great bonus categories like 5% back on travel purchased through Chase, 3% back on dining and drugstore purchases, and 1.5% back on all other purchases.
When paired with other Chase cards in the Ultimate Rewards family, you can transfer that cash back into points if you wish – making it one of the most lucrative cards in your wallet.
Don’t forget too, there’s 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
The Freedom Unlimited card is one of the most popular credit cards from Chase. This cash-back credit card easily becomes the runner-up in this category, with the potential to earn you some lucrative rewards.
When you apply for this card, you’ll usually spot a decent welcome offer. Plus, enjoy a 0% introductory APR as detailed in the table above.
As an introductory offer, you’ll earn an additional 1.5% cash-back on everything you buy on up to $20,000 spent in the first year.
This means you’ll earn 6.5% cash back on travel purchased through Chase Ultimate Rewards, 6.5% cash back on Lyft purchases (through March 31, 2025), 4.5% cash back on drugstore purchases and dining at restaurants (including takeout and eligible delivery service), and 3% on all other purchases — again, on up to $20,000 spent in the first year.
After your first year or $20,000 spent, you earn 5% cash-back on Chase travel purchased through Ultimate Rewards, 5% cash back on Lyft purchases (through March 31, 2025), 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
If you hold this card and an Ultimate Rewards credit card such as the Chase Sapphire Preferred card, you can convert your cash-back to Ultimate Rewards points.
Chase and Capital One compete fiercely for various credit card types, and no-annual-fee credit cards are no exception. Indeed, there’s a very clear winner for the best no-annual-fee credit card.
Let’s talk about it!
The Freedom Flex card is an excellent no-annual-fee card that still earns big with 5% cash-back on travel and other bonus categories.
The Chase Freedom Flex℠ sure does pack quite a punch — especially for a no-annual-fee card.
The Freedom Flex card is an incredible option for those looking for a well-rounded cash-back card, or a powerful point-earner when paired with a premium card in the Ultimate Rewards family.
A new entrant to the credit card scene, the Freedom Flex card is making quite a splash and is our winner for the best no-annual-fee credit card by quite a wide margin.
Why? The card features a great welcome offer, ongoing earning categories up to 5% cash-back, and excellent travel benefits.
This credit card starts with a nice welcome offer for newly-approved cardholders meeting certain requirements within their first 3 months.
Here’s how the Freedom Flex card earns cash back:
If you pay attention to these quarterly rotating bonus categories or spend a lot of money on travel, dining, or drugstores, you’ll come out way ahead!
If you like ordering food delivery, this card offers a complimentary 3-month subscription to DoorDash DashPass (when activated by December 31, 2024), and the ability to renew it at 50% off for another 9 months after the initial 3-month period.
The Freedom Flex card also has an introductory 0% APR benefit, cell phone protection ($800 per claim and $1,000 per year with a maximum of 2 claims in a 12-month period and a $50 deductible per claim), secondary rental car insurance, trip cancellation and interruption insurance, purchase protection, extended warranty protection, and more.
The card offers unlimited miles at 1.25x per $1 and no annual fee. When you consider the flexible rewards, frequent travelers come out on top.
Interested in a travel rewards credit card without one of those pesky annual fees? Then say hello to the Capital One VentureOne Rewards Credit Card, the no-annual-fee version of the more popular Capital One Venture Rewards Credit Card.
In addition to no annual fee, the Capital One VentureOne card offers no foreign transaction fees.
But is this card worth its salt, or is it merely a shell of the more popular Capital One Venture card?
Our runner-up credit card is the Capital One VentureOne card because of its simple, straightforward earning structure.
As the no-annual-fee version of the Capital One Venture card, when you consider the benefits you get and the ability to access Capital One Miles without paying an annual fee, you’ll quickly notice that it’s a worthwhile option you should look at.
When you sign up for the card, you can earn a modest welcome offer. You’ll also enjoy a great 0% intro APR perk on purchases.
Beyond that, this card earns an unlimited 1.25x Capital One miles on every purchase, every day. No need to worry about rotating or bonus categories!
The miles you earn never expire for the life of the account, and you can redeem them for travel when you want (with no blackout dates) and fly any airline or stay at any hotel, anytime.
The Capital One VentureOne card offers secondary car rental coverage, lost luggage coverage, roadside assistance, travel assistance services, purchase security, and extended warranty.
This card has no foreign transaction fees and no fees for authorized users.
In general, Chase focuses on those who want to really maximize rewards, whether it’s with its Ultimate Rewards program or with cash-back on specific categories that may rotate over time.
On the other hand, Capital One loves offering extra miles on all purchases without too many bonus categories. Capital One also focuses on low-annual-fee credit cards and cash-back rewards, but it does have a great transferable rewards program in Capital One Miles.
We hope you found this complete guide comparing Capital One and Chase credit cards useful! For even more information, check out our comparison of Chase and Amex cards and our comparison of Chase and Bank of America cards.
For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
Enrollment required through Capital One website or mobile app. Upon enrollment, eligible cardholders will remain at upgraded status level through December 31, 2024. Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier. Additional terms apply.
The information regarding the Capital One Savor Cash Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Quicksilver Cash Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Freedom® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Chase Freedom Flex℠ was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
Information regarding the Capital One Spark Miles for Business was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The 2 credit cards are completely different, but the Freedom card is probably better because you can earn anywhere from 1% to 5% cash-back, whereas the Quicksilver card earns a flat 1.5% cash-back on all purchases. So if you maximize the Freedom card, you’ll come out ahead compared to the Quicksilver card. Plus, with the Freedom card, you have the ability to convert your rewards to Ultimate Rewards points, which will double the value you earn on your purchases.
The Freedom card is no longer available for new applicants, so consider the similar Freedom Flex card instead.
It depends on what you’re looking for. If you’re looking for straightforward cash-back or don’t want to think about bonus categories, you could consider getting a Capital One credit card.
However, if you care about bonus categories such as dining and travel, then Chase credit cards are almost always superior to Capital One credit cards. Also, Chase points are generally more valuable than Capital One miles.
Chase has the most valuable points and the best credit cards to earn rewards for travel. Capital One focuses on low annual fee products and rewards without bonus categories. It depends on what you’re looking for, but we are generally huge fans of Chase credit cards.
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