Capital One Venture X vs Chase Sapphire Preferred®
Side-by-side comparison
| Capital One Venture X | Chase Sapphire Preferred® | |
|---|---|---|
| Annual fee | $395 | $95 |
| Welcome offer | 75,000 Miles | |
| Dining | 2x | 3x |
| Groceries | 2x | 3x |
| Gas | 2x | 3x |
| Travel | 2x | 2x |
| Streaming | 2x | 3x |
| Everything else | 2x | 1x |
| Est. yearly rewards* | $583 | $545 |
| Points type | Transfers to airlines & hotels | Transfers to airlines & hotels |
| Network | Visa | Visa |
*Estimated yearly rewards on typical household spending, every point valued at a flat 1 cent. Verified July 2026. See your own numbers in the calculator.
Welcome bonus and value over time
| Over time | Capital One Venture X | Chase Sapphire Preferred® |
|---|---|---|
| Welcome bonus | 75,000 Miles | 100,000 Ultimate Rewards® Points |
| To earn it | $4,000 in 3 months | $5,000 in 3 months |
| Est. first-year value* | $1,438 | $1,680 |
| Est. ongoing value / yr* | $688 | $680 |
This one splits by time horizon. In year one the Chase Sapphire Preferred® is ahead by roughly $242, thanks largely to its welcome offer. But the Capital One Venture X earns more every year after, so if you keep it, it overtakes the Chase Sapphire Preferred® only over the very long haul. Chasing the sign-up bonus and open to canceling before the second annual fee? Take the Chase Sapphire Preferred®. Planning to keep it for years? The Capital One Venture X pulls ahead.
*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent.
Perks, credits, and redemptions
| Perks | Capital One Venture X | Chase Sapphire Preferred® |
|---|---|---|
| Lounge access | Yes — Priority Pass, Capital One Lounges | None |
| Annual credits | ~$500/yr (3 credits) | ~$230/yr (4 credits) |
| Points & redemptions | Transferable to airline & hotel partners | Transferable to airline & hotel partners |
On perks and redemptions, only the Capital One Venture X gets you into airport lounges; the Capital One Venture X carries the heavier credit stack (about $500 a year). Weigh those against the fee, since credits and lounge access only count if you will actually use them.
Transfer partners and point value
The Capital One Venture X earns Capital One miles, which transfers to Air Canada, Avianca LifeMiles, Turkish, British Airways, and Emirates. The Chase Sapphire Preferred® earns Chase Ultimate Rewards, reaching World of Hyatt, United, Air Canada, Southwest, and British Airways Avios. Most transfers are 1:1 on both, so the partners themselves, not the ratios, are what separate them.
The standout difference is the crown-jewel partner: for the Capital One Venture X it is Turkish and Avianca for cheap Star Alliance premium cabins; for the Chase Sapphire Preferred® it is World of Hyatt at 1:1, widely considered the single best hotel transfer in points. Pick the program whose best partners match the trips you would actually book.
The verdict
On a typical year of household spending, the Capital One Venture X earns about $583 a year in rewards and the Chase Sapphire Preferred® about $545, valuing every point at a flat 1 cent. The Capital One Venture X charges $395, but carries about $500 in annual statement credits that offset it for anyone who uses them. The Chase Sapphire Preferred® charges $95, but carries about $230 in annual statement credits that offset it for anyone who uses them. Counting rewards, fees, and any credits, the Chase Sapphire Preferred® delivers more total value, about $127 a year more for a typical spender, mostly because it earns more where you spend most, on groceries and dining. Both earn transferable points rather than flat cash, so the deciding factor is whose transfer partners reach the airlines and hotels you would actually book. On the sign-up bonus, the Chase Sapphire Preferred® currently has the larger welcome offer (a limited-time offer above its usual amount, so treat it as a one-time boost). A welcome bonus is a one-time event, so weigh it apart from the ongoing rewards.
Pick the Capital One Venture X if your spending leans toward everything else. Pick the Chase Sapphire Preferred® if your spending leans toward dining, groceries, gas.