As the credit card industry continues to evolve, credit card companies have been introducing newer and more advanced credit cards with lucrative rewards, perks, and benefits. Amongst these credit cards are Capital One Venture X and Chase Sapphire Preferred, two of the most sought after travel credit cards in the market.
Capital One Venture X and Chase Sapphire Preferred have gained massive popularity over the past year for their exceptional reward programs, flexible redemption options, and high spending limits. However, with two of them being close contenders, choosing between them can be overwhelming. In this blog post, we’ll give you a comprehensive guide to help you decide between Capital One Venture X and Chase Sapphire Preferred.
One of the primary factors to consider while selecting a credit card is its benefits and features. Capital One Venture X offers 10x points on hotel bookings made via Hotels.com and 5x points on Uber Eats purchases. Moreover, it offers a $300 Travel Credit and a $100 Global Entry/TSA PreCheck statement credit to all cardholders.
Chase Sapphire Preferred, on the other hand, offers 2x points on dining and travel purchases, a $300 Annual Ultimate Rewards travel credit, and a 60,000 point welcome bonus after spending $4,000 in the first three months of owning the card.
The redemption options are another crucial consideration while selecting a credit card. Capital One Venture X offers multiple redemption options, including travel, cashback, and transferable rewards.
Capital One allows users to transfer their rewards to a variety of airlines and hotels, providing more redemption options than Chase Sapphire Preferred. However, Chase Sapphire Preferred offers a 25% point boost when used for travel redemption through the Chase Ultimate Rewards travel portal.
Annual fees and Signup bonuses
While Capital One Venture X and Chase Sapphire Preferred have different annual fees, they both offer sign-up bonuses. Capital One Venture X has an annual fee of $395, albeit it comes with a $300 travel credit. In contrast, Chase Sapphire Preferred has an annual fee of $95. However, it offers users a 60,000-point bonus after spending $4,000 within the first 3 months of owning the card.
Eligibility is another thing to consider when selecting a travel credit card. Chase Sapphire Preferred has tougher qualifications, as applicants are subject to the 5/24 rule, which means if you have opened more than five credit cards in the last 24 months, you won’t be eligible for the card. Capital One Venture X, on the other hand, does not employ the 5/24 rule, and almost anyone can apply and get approved for the card.
Finally, strong customer support can make all the difference when selecting a travel credit card. Capital One Venture X offers a virtual assistant program known as Eno, as well as a mobile application to help users manage their accounts. Chase Sapphire Preferred offers excellent customer support via phone, email, and chat support.
Choosing between Capital One Venture X and Chase Sapphire Preferred can be challenging, but it all boils down to one’s preferences and requirements. Both cards have various benefits and features that make them worthwhile depending upon individual preferences. We suggest that you go through our comparison and evaluate the one that offers the most value to your travel style and preferences. Remember that both cards have unique offerings and can help you save on your next trip while you collect reward points.