Comparing the Capital One Venture Card versus the Chase Sapphire Card
The Capital One Venture Card and the Chase Sapphire Card are both credit cards geared towards individuals with credit scores ranging from about 670 to 850. This makes both of these credit cards the perfect fit for anyone with a good to excellent credit score.
These cards both have very similar Annual Percentage Rates (APR). For the Capital One Venture Card, its APR varies from 14.24% to 24.24%. Card holder’s specific APR depends mostly on their credit score. Card holders with an excellent credit score will find that their APR is closer to 14.24%, while card holders who have a poor credit score will probably be paying an APR closer to 24.24%. This makes the Venture Card a great fit for individuals who can keep their credit score at or above the 700s range. The Chase Sapphire Card has a very similar APR scale. Its rates range from 17.99% to 24.99%. Because these rates are so high, the Sapphire Card deters many individuals who plan on consistently carrying debt on their credit cards.
Chase Sapphire Card versus Capital One Venture Card, In-Depth Comparison, Which Card is Best
The Capital One Venture Card features a $0 annual fee for all card holders. The Chase Sapphire Card has the same $0 fee for first year customers, with a $95 annual fee beginning in the second year of card activity for all card holders.
Both cards feature reward systems. The Venture Card gives its rewards in miles, which can be used towards airfare purchases among one of twelve participating airlines. Capital One rewards 1.25 miles for every dollar spent. In addition, card holders are rewarded 10 miles for every dollar spent at a hotel. The Venture Card is perfect for any individual who is a frequent traveler. The Sapphire Card features a rewards system that gives out points to its customers. These points can be used at any participating airline or hotel. This sets it apart from the Venture Card by allowing its customers to use their points at airlines as well as hotels. The Sapphire Card gives out 1 point for every dollar spent as well as double points for both travel and dining expenses. Both cards do not have blackout dates for airline purchases paid for with accumulated miles/points.
Both cards also have substantial introductory bonuses. The Venture Card rewards new customers 20,000 miles upon spending $1,000 in the first three months of card activation. This is equivalent to $200 in travel expenses. The Sapphire Card also includes an introductory bonus of 50,000 points (about $625 in travel expenses) if the card holder can spend $4,000 within the first three months of card activation. This makes the Sapphire Card’s introductory bonus ideal for those who plan on using it as their primary credit card.
Both of these credit cards are distinct in that they do not include any foreign transaction fees. Customers are free to make purchases worldwide without the worry of paying yet another expense on a vacation or business trip. This adds yet another perk for any frequent long-distance traveler.
Capital One assures any Venture Card holder that their accumulated miles will not expire as long as their card account is open. Card holders can collect their miles for as long as they wish before redeeming them on a purchase.
The Chase Sapphire Card won the distinction of “best credit card for flexible travel redemption” in Kiplinger’s Personal Finance’s June 2018 edition.
In short, both the Capital One Venture Card and the Chase Sapphire Card are ideal for individuals who are frequent travelers. Customers who prefer the lowest possible APR should lean towards choosing the Venture Card. Customers who are willing to accept a higher APR for more back in reward points may prefer the Sapphire Card.