Travel credit cards are all the rage in the jet set. They are perfect for those who like to be rewarded for having a good time while exploring the world. These financial products provide customers with redeemable miles that they can use for future travel and additional benefits while on vacation. Additionally, some travel credit cards also offer points for non-travel related purchases.
There are dozens of travel-focused credit cards on the market. Two of the most popular are the Capital One Venture X and the Chase Sapphire Reserve. While they both offer many benefits to cardholders, each has its own unique needs. Read on to find out which of these alternatives is right for you.
Chase Sapphire Reserve vs. Capital One Venture X
The Capital One Venture X and the Sapphire Reserve are both very popular financial products. Before we dive deeper into what makes each unique and decide which is the better option, here’s what you need to know about the two credit cards at a glance.
|Capital One Venture X||Reserve Chase Sapphire|
|welcome bonus||100,000 miles||50,000 points|
|APR||16.99% – 23.99%||16.99%-23.99%|
|Foreign transaction fees||N / A||N / A|
|Reward rate||When booking through Capital One Travel: 2 miles per dollar on regular purchases, 5 miles per dollar on flights, 10 miles per dollar on hotels and car rentals.||When purchasing travel through Chase Ultimate Rewards after the first $300 has been spent on travel purchases per year: 5x total points on air travel, 10x total points on hotels and car rentals immediately.
Without Chase Ultimate Rewards: 3x points on other travel and meals, 1 point per dollar spent on all other purchases.
- Attractive income
- Exclusive Travel Discounts
- Priority Pass lounge access
- Travel credits
Although considered an ultra-premium credit card, the Venture X has a relatively low annual fee compared to other options on the market, including the Chase Sapphire Reserve. This relatively new travel credit card offers account members 100,000 bonus miles when they spend $10,000 within the first six months of account opening.
In addition to the generous welcome bonus, the Venture X allows customers to earn 10,000 bonus miles per year after the first anniversary. Miles are uncapped and can be transferred to over 15 partner travel loyalty programs. The icing on the cake ? The Venture X offers cardholders up to $100 in Global Entry or TSA PreCheck spending credit to help them avoid endless lines at the airport.
Here are some of the reasons Capital One’s Venture X is worth it:
Generous welcome bonus
The Venture X is all about spoiling frequent flyers from day one. What better way to do this than to offer them 100,000 welcome bonus miles after their first $10,000 spent within six months of account opening? Of course, that means customers need to spend around $1,700 per month on average to take advantage of this offer, which for frequent flyers can happen quite quickly.
More affordable annual fees
Most ultra premium credit cards come at a high price. However, the Venture X is an exception to the rule. This travel credit card charges customers an annual fee of $395, which is $155 less than its Chase counterpart.
Free additional cards
The Venture X allows users to obtain authorized user cards with all the benefits of the main card. This is a great perk for those who like to share the benefits of a travel credit card. Other options on the market, including the Chase Sapphire Reserve, charge high fees each time a cardholder requests a new authorized card.
Rewards on non-travel related purchases
Some travel credit cards only give points when you spend money in certain categories. Not so with the Venture X. This card allows users to earn two miles per dollar on the most mundane purchases. This feature is ideal for those who like to have only one rewards credit card instead of spreading the expenses among many financial products.
About Chase Sapphire Reserve
The Chase Sapphire Reserve has been a staple for frequent travelers since its launch. Despite the high annual fee, this alternative is among the most coveted on the market. It offers generous travel perks and a lucrative reward structure. This travel credit card offers exceptional point accumulation rates for customers who use it frequently for dining out and travelling.
This popular Chase product welcomes cardholders with a bonus of 50,000 after spending $4,000 on purchases within the first three months of account opening. This amount is equivalent to a $750 travel credit when booked through Chase Ultimate Rewards. Additionally, the Sapphire Reserve offers users an annual travel credit refund of $300 after their account’s first anniversary.
This travel credit card also has a feature called Pay Yourself Back. This benefit increases the value of points earned by 50% when redeeming them for statement credits against existing purchases in rotating categories. Much like rival Capital One, the Sapphire Reserve offers access to exclusive airport lounges and up to $100 for Global Entry or TSA PreCheck fees.
Here are some of the main benefits of using the Sapphire Reserve credit card:
More attractive earnings on travel and meals
The Chase Sapphire Reserve offers customers 3 points per dollar spent on dining and travel experiences. While that’s not a huge difference from what the Capital One Venture X credit card offers, the earnings add up after a few purchases, especially for those who give it a good life.
Anniversary travel credit offer
As mentioned above, this travel credit card offers account members up to $300 in annual travel credit after their first year with the account. This amount is automatically applied to travel purchases made outside of the bank’s portal, unlike its Capital One counterpart.
All points earned with the Sapphire Reserve credit card are transferable to eligible airline and hotel partners. This allows customers to maximize the value of their earned points. Some of the most renowned mileage programs compatible with the Chase Points Transfer Program include:
- JetBlue True Blue
- British Airways
- Southwest Quick Rewards
- United MileageMore
Free DashPass and Lyft Pink membership
Customers can enjoy the benefits of these partner companies. They receive free deliveries and reduced service fees on eligible food purchases with DashPass, DoorDash’s subscription service. They also get 15% off car rides, easy cancellations, and priority airport transfers with Lyft.
Good to know
Bonuses are important for these cards. Capital One Venture X offers 10,000 points on each anniversary. Chase Sapphire Reserve offers 50% more value when you redeem for travel through Chase Ultimate Rewards.
What both cards get
Capital One Venture X and Sapphire Reserve may offer some distinctive features to gain a competitive edge. However, they are not so different basically. Here are some of the similarities they share:
Benefits on trips booked through the portal
Chase and Capital One have their own travel portals, where they offer similar rates to the most competitive travel sites on the market. Both institutions reward cardholders with exclusive benefits and discounts when booking flights, hotels and car rentals through their platform. For example, the Venture X and Sapphire Reserve offer customers 5 points per dollar spent through their bank’s travel portal and 10 points per dollar for prepaid services.
There’s a reason people choose ultra-premium financial products: they like to get the best of the best. The Venture X and Sapphire Reserve recognize this, and that’s why they offer cardholders exclusive benefits to enhance their travel experience. Sapphire Rewards spoils members with lounge access at thousands of airports around the world. Likewise, the Venture X allows users to enjoy all of Capital One’s airport lounges.
Both the Venture X and the Sapphire Reserve offer an extended warranty on qualifying purchases for up to one year. They also offer purchase protection if the card is misplaced or stolen.
Those who like to travel regularly can take advantage of both the Venture X and the Sapphire Reserve. While the Chase alternative has been around longer and offers many benefits, the Capital One travel credit card is the winner of this competition. Here’s why:
- The welcome bonus is more valuable
- Statement credits help offset the cost of annual fees
- It offers free authorized cards
- The annual fee is significantly cheaper
Information is accurate as of February 21, 2022.
Editorial Note: This content is not provided by Capital One or Chase Bank. Any opinions, analyses, criticisms or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed or otherwise endorsed by Capital One or Chase Bank.