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Citi Premier Card vs. Capital One Venture Card [Detailed Comparison]

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Christine Krzyszton

Senior Finance Contributor

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Christine ran her own business developing and managing insurance and financial services. This stoked a passion for points and miles and she now has over 2 dozen credit cards and creates in-depth, deta...
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Are you looking for a travel rewards card but are not sure about paying the high annual fees that come with premium travel rewards cards? You might want to consider a mid-range card that has a lower annual fee, yet still provides good earning potential, flexible travel redemptions, and travel/shopping benefits and protections.

Today we’ve selected 2 very popular cards that each fit that description perfectly. The Citi Premier® Card and the Capital One Venture Rewards Credit Card both offer plenty of earning potential, flexible redemption options, and additional travel/shopping benefits.

And, while the cards are very similar, you’ll find that one may be a better fit for you due to a combination of your spending mix, redemption preferences, and the card benefits you find valuable.

Look closely at each of these mid-tier rewards cards to compare all the key features and benefits.

Citi Premier Card vs. Capital One Venture Card — Summary

We’ll expand on the features and benefits of the Citi Premier card and Capital One Venture card shortly but first, let’s look at a high-level overview of the 2 cards side-by-side.

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Feature or BenefitCiti Premier® CardCapital One Venture Rewards Credit Card
Welcome OfferEarn 60,000 points after spending $4,000 in purchases within the first 3 months. Plus, for a limited time, earn a total of 10 points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel portal through June 30, 2024.Earn 75,000 miles when you spend $4,000 on purchases in the first 3 months.
Earning
  • 3x points on air travel, hotels, supermarkets, gas stations, and restaurants
  • 1x points on all other purchases
  • 5x miles on car rentals and hotels booked via Capital One Travel
  • 2x miles on every other purchase
Redemption Options
  • Redeem points for travel at 1 cent each via Citi Travel Center
  • Transfer miles to airline and hotel partners
  • Gift cards, statement credits, shopping at select retailers, PayPal
  • Redeem miles for travel at 1 cent each via Capital One Travel or for travel purchases from the last 90 days
  • Transfer miles to airline and hotel partners
  • Gift cards, statement credits, shopping at select retailers, PayPal
Top Travel Protections and Benefits
  • No foreign transaction fees
  • Annual hotel savings benefit ($100 off $500+ booking through Citi Travel)
  • No foreign transaction fees (rates & fees)
  • Global Entry or TSA PreCheck Fee Reimbursement
  • MasterRental Insurance, lost or damaged baggage reimbursement, and Master RoadAssist
Additional Shopping BenefitsCiti Merchant OffersCapital One Offers
Annual Fees and Authorized Users
  • $95
  • Authorized Users: $0

The Value of a Welcome Offer

Welcome offers allow you the opportunity to accumulate a large number of rewards in a short period of time. Both the Citi Premier card and Capital One Venture card have generous welcome bonuses you can earn by meeting minimum spending requirements within the first 3 months after card approval.

Regardless of which card you select, you can earn a welcome offer that can exceed $1,000 in value. Here’s a snapshot of the cards’ current offers.

Citi Premier® Card

Citi Premier® Card

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The rating for this card has been determined by our own industry experts who know the in's and out's 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.

Frequent flyers will enjoy 3x ThankYou Points at restaurants, gas stations, supermarkets, air travel, and hotels.

Learn More(at our partner's secure site)

Citi Premier® Card

Frequent flyers will enjoy 3x ThankYou Points at restaurants, gas stations, supermarkets, air travel, and hotels.
Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening. Plus, for a limited time, earn a total of 10 ThankYou® Points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel℠ portal through June 30, 2024.
60,000 points
$960
$95
21.24% - 29.24% Variable
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 (670-850)

The Citi Premier® Card is an excellent option for anyone looking for an all-around travel rewards credit card. The card helps you earn points fast with great 3x bonus categories such as restaurants, supermarkets, gas stations, airfare, and hotels. Plus, it offers access to airline and hotel transfer partners, doesn’t charge foreign transaction fees, and has a reasonable annual fee!

Pros

  • 3x points at restaurants, supermarkets, gas stations, airfare, and hotel purchases
  • Access to Citi transfer partners
  • Annual hotel credit
  • No foreign transaction fees

Cons

  • $95 annual fee
  • Earn 60,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening. Plus, for a limited time, earn a total of 10 ThankYou® Points per $1 spent on hotel, car rentals, and attractions (excluding air travel) booked on the Citi Travel℠ portal through June 30, 2024.
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Other Hotels
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 60,000 ThankYou® Points are redeemable for $600 in gift cards redeemable for $600 in gift cards or travel rewards at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases

Financial Snapshot

  • APR: 21.24% - 29.24% Variable
  • Foreign Transaction Fees: None

Card Categories

Rewards Center

Citi ThankYou Rewards

Capital One Venture Rewards Credit CardTerms 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 in's and out's 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!

Capital One Venture Rewards Credit Card

Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!
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.
75,000 miles
$1,350
$95
19.99% - 29.99% (Variable)
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)

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

  • 5x miles per $1 on hotels and rental cars booked through Capital One Travel
  • 2x miles per $1 on all other purchases
  • Global Entry or TSA PreCheck application fee credit
  • No foreign transaction fees (rates & fees)
  • Access to Capital One transfer partners

Cons

  • 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 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 $100 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
  • Enrich every hotel stay from the Lifestyle Collection with a suite of cardholder benefits, like a $50 experience credit, room upgrades, and more
  • Transfer your miles to your choice of 15+ travel loyalty programs

Financial Snapshot

  • APR: 19.99% - 29.99% (Variable)
  • Foreign Transaction Fees: None

Card Categories

Rewards Center

Capital One Miles

We value Citi ThankYou Points at 1.6 cents each and Capital One miles at 1.8 cents each, which results in current welcome offers having similar values. Welcome offers change, though, so be sure to compare the most current offers before applying for either card.

Bottom Line: Both the Citi Premier card and Capital One Venture card have generous welcome offers, worth hundreds of dollars, that can be earned after meeting spending requirements in the first 3 months after card approval. 

Citi ThankYou Points vs. Capital One Miles

Couple walking on beach
The best potential value for your rewards is to redeem for travel. Image Credit: Asad Photo Maldives via Pexels

Citi ThankYou Points and Capital One miles are very similar. One reason is that Capital One miles are not really miles, as in frequent flyer miles, but actually function just like Citi ThankYou Points when it comes to either earning or redeeming.

Here’s how the 2 cards compare when we look at how points/miles are earned on each card and the options at redemption time.

Earning Potential

Travelers will like earning rewards on their travel purchases, but also enjoy accumulating rewards quickly via everyday purchases.

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Earning CategoryCiti Premier CardCapital One Venture Card
Travel
  • 3x points per dollar spent on flights and hotels
  • 1x points all other travel
  • 5x miles per dollar spent on car rentals and hotels via Capital One Travel
Supermarkets, Gas Stations, Restaurants3x points2x miles
All Other Purchases1x points2x miles

To illustrate how points/miles are earned on our 2 featured cards, let’s look at a modest and simple annual spending mix sample to see how spending translates into rewards for each card:

  • $3,000 on flights
  • $2,000 on hotels
  • $6,000 at the supermarket, on gas, and at restaurants
  • $10,000 for all other spending

The points/miles earnings on each card would be as follows:

  • Citi Premier card — 9,000 ($3,000 x 3x), 6,000 ($2,000 x 3x), 18,000 ($6,000 x 3x), and 10,000 ($10,000 x 1x), for a total of 43,000 points
  • Capital One Venture card — 6,000 ($3,000 x 2x), 10,000 ($2,000 x 5x miles via Capital One Travel), 12,000 ($6,000 x 2x), and 20,000 ($10,000 x 2x) for a total of 48,000 miles

With an estimated value of 1.6 cents per point, the Citi Premier card would generate $688 in estimated value, while the Capital One Venture card at 1.8 cents per point, would generate an estimated $864 in value.

Of course, the actual value you receive will depend on how you redeem your rewards. If you redeemed points/miles via the card’s associated travel portal for 1 cent each, for example, you’d realize $433 in value with the Citi Premier card and $480 with the Capital One Venture card.

Your actual results will also differ depending on your spending mix. It can be helpful to do the math on a sample scenario using your own estimated spending numbers before you select a card.

Bottom Line: The Citi Premier card and Capital One Venture card are similar when it comes to earning rewards on travel and on everyday spending. The better earning card for you will depend on your spending mix and how you prefer to redeem your rewards. 

Redemption Options

You’ve accumulated a lot of points and now it’s time to reap the benefits and redeem your rewards for something special.

Fortunately, both the Citi Premier card and Capital One Venture card earn valuable flexible rewards that offer several options at redemption time.

Let’s look at how the cards compare when you’re ready to redeem your points.

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Redemption OptionCiti Premier CardCapital One Venture Card
Travel
Additional Redemption Options
  • Statement credits, gift cards, shopping at select online retailers
  • Donate to charity
  • Transfer to Sears Shop Your Way
  • Statement credits, gift cards, PayPal checkout

Redeeming rewards for travel purchases via your card’s associated travel portal results in a value of 1 cent per point but you’ll have the potential for greater value when you transfer points to hotel or airline partners.

The number of transfer partners differs by card, but the cards have several in common. If transfer partners are a key redemption priority, you’ll want to review these before selecting a card.

Other redemption options may result in a value of less than 1 cent per point and therefore not a good deal.

Bottom Line: Both the Citi Premier card and Capital One Venture card earn flexible rewards that offer several redemption options including an opportunity for a value greater than 1 cent per point in value by transferring rewards to hotel and airline partners. 

Travel Protections and Benefits

Couple driving in car
Travel protections can provide peace of mind during your journey. Image credit: Rachel Claire via Pexels

The Citi Premier card and Capital One Venture card both come with several travel protections and benefits.

Let’s start with the protections and benefits that are offered on both of our featured cards:

  • No Foreign Transaction Fees — Neither of our featured cards charges foreign transaction fees. See Capital One Venture card rates & fees.
  • Travel Assistance Services — Receive 24/7 assistance with just one phone call should you need English-speaking medical or legal referrals, assistance with emergency transport, help to replace a lost passport, and more. There is no charge for referral/assistance services, however, cardholders are responsible for actual services received from the vendors.
  • Concierge — Receive assistance with travel, dining, shopping, entertainment, events, and everyday needs.

Citi Premier Card

  • $100 Annual Hotel Savings Benefit — Book your stay via the Citi Travel Center and spend $500 or more (not including taxes/fees) to receive a statement credit of $100.
  • Mastercard Luxury Hotels and Resorts Benefits — Receive complimentary daily breakfast, a $100 onsite amenity, a room upgrade when available, and early check-in/late checkout.

Capital One Venture Card

Here are the additional travel protections and benefits that can be found on the Capital One Venture card:

  • MasterRental Insurance* – Use your card to rent an eligible vehicle and you may be covered for physical damage and theft of the rental vehicle
  • 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
  • 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
  • Global Entry or TSA PreCheck Fee Reimbursement — Pay your application or renewal fee with your card and receive up to a $100 statement credit as reimbursement.

Bottom Line: While both the Citi Premier card and Capital One Venture card come with a collection of travel protections and benefits, the Capital One Venture card offers additional benefits.

Shopping Protections and Benefits

ShopRunner
Image Credit: ShopRunner

Now, let’s look at the additional shopping benefits that come with each card.

Citi Premier Card

  • Citi Merchant Offers — Log in to your online Citi Premier card account, select the Citi Merchant Offers you’re interested in, make your purchase, and receive rebates in the form of a statement credit. You’ll find offers on travel, dining, retail shopping, and more.

Capital One Venture Card

  • Capital One Offers — Operating more like a shopping portal, cardholders log into their account, select their desired offer, and earn a fixed amount or percentage of their online shopping trip back as a statement credit.
  • Purchase Assurance* – Eligible purchases made with your card are covered if damaged or stolen within the first 90 days of purchase

Please note that all travel/shopping protections and benefits are not listed, only key ones were selected for comparison purposes. We’ve also abbreviated the descriptions and not included complete terms and conditions that may apply.

Annual Fees and Authorized Users

Premium travel rewards cards come with premium travel benefits — and high annual fees. The Citi Premier card and Capital One Venture card keep costs down with a lower annual fee and the ability to add authorized users without spending a lot to do so.

  • Annual Fee — The Citi Premier card’s annual fee of $95 and Capital One Venture card’s annual fee of $95 (rates & fees) make it an easy comparison.
  • Authorized Users — Neither card charges a fee to add authorized users (rates & fees).

For information on how to add an authorized user to the Citi Premier card and the benefits of doing so, check out our related article.

It’s recommended that you shoot for an excellent credit score, generally considered 740 or better, to be considered for the Citi Premier card.

Similarly, an excellent credit score gives you the best chance of being approved for the Capital One Venture card. Additionally, Capital One states that a successful applicant “must never have declared bankruptcy or defaulted on a loan, or medical bill, and has had a loan or credit card for $5,000 or more in the last 3 years.

You can find out risk-free if you have Citi credit card offers available to you by using the CardMatch Tool, as Citi is one of the participating issuers. You’ll need to provide minimal information and no credit pull is done so there is no effect on your credit.

Capital One has its own pre-approval tool, but you’ll have to provide more information than the CardMatch Tool. However, it’s also risk-free and no credit pull is performed.

For more information on finding pre-approved and pre-qualified offers without affecting your credit score, this article can help.

Final Thoughts

It’s a tough call to determine which of our featured cards is a better card, as either card could be an excellent pick for the right consumer.

If you’re spending a lot on flights, at the grocery store, on gas, and dining, those are sweet earning spots for earning on the Citi Premier card. If you have heavy spending in non-bonus categories such as a major home remodel, for example, you may be better off with the Capital One Venture card as it earns 2x miles on every purchase versus the Citi Premier card at 1x on all other purchases.

All in all, selecting the card that best matches your spending, redemption preferences, and useable benefits, will make the most sense.

The information regarding the Capital One Venture Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Frequently Asked Questions

Which card is better, the Citi Premier card or the Capital One Venture card?

There are a lot of similarities between the Citi Premier card and Capital One Venture card in both earning and redemption categories.

The Capital One Venture card has more travel protections and benefits, but if these are not a priority, the card that best fits your spending mix would make the most sense.

Also, transfer partners vary by card, with Capital One having more partners than Citi, so this is another factor to consider.

Overall, both cards can offer good value for the right consumers.

Which are more valuable, Citi ThankYou Points or Capital One miles?

We value Citi ThankYou Points at 1.6 each and Capital One miles at 1.8 cents each in potential value when transferred to travel partners.

However, if you redeem rewards earned on either card for travel via the associated travel portal, you will receive 1 cent in value per reward point or mile.

All other redemption option values will vary and may result in less than 1 cent per point or mile.

Does the Citi Premier card have car rental insurance?

The Citi Premier card does not offer car rental insurance.

Is the Citi Premier card a Visa or Mastercard?

The Citi Premier card is a World Elite Mastercard.

Christine Krzyszton's image

About Christine Krzyszton

Christine ran her own business developing and managing insurance and financial services. This stoked a passion for points and miles and she now has over 2 dozen credit cards and creates in-depth, detailed content for UP.

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