Chase Sapphire Preferred vs Capital One Venture X

Two of the most popular travel cards at two very different price points. Here's the full breakdown — updated March 2026.

Chase Sapphire Preferred®

Chase · Visa
$95
Annual fee
  • 75,000 point sign-up bonus (~$1,500)
  • 3X dining, streaming, online groceries
  • 2X all other travel
  • 14 transfer partners incl. Hyatt, United, SW
  • $50 annual hotel credit
  • No lounge access
VS

Capital One Venture X

Capital One · Visa
$395
Annual fee
  • 75,000 mile sign-up bonus (~$1,388)
  • 10X on hotels/rental cars via Cap1 Travel
  • 5X on flights via Cap1 Travel
  • 2X on everything else
  • $300 annual travel credit + 10K anniversary miles
  • Capital One + Priority Pass lounges

Side-by-Side Comparison

CategorySapphire PreferredVenture X
Annual Fee$95 LOWER$395
Effective Annual Fee~$45 (after $50 hotel credit)~$0–95 (after $300 credit + anniversary miles) LOWER
Welcome Bonus75K UR points = $1,500 travel75K miles = $1,388 travel
Bonus Value$1,500 HIGHER$1,388
Dining Rewards3X HIGHER2X
Everyday Spending1X–3X (varies by category)2X everything SIMPLER
Transfer Partners14 (Hyatt, United, SW, Marriott...)15+ (incl. Turkish, Avianca) MORE
Lounge AccessNoneCapital One + Priority Pass WINNER
Annual Credits$50 hotel credit$300 travel + 10K miles/yr WINNER
Point ValueChase UR — 2.05¢/pt (TPG)Cap1 miles — 1.85¢/pt (TPG)
Best Use CaseDining, transfers to HyattEveryday spending, lounge access

Which Earns More? (Real Numbers)

At $50K annual spend split as: $1,200 dining/mo, $500 travel, $2,450 other:

Sapphire Preferred: 14,400 UR (dining) + 12,000 UR (travel 2X) + 29,400 UR (other) = 55,800 UR = $1,144/yr in travel value

Venture X: 60,000 base miles (2X everything) + portal bonuses = ~$1,110/yr in travel value. Plus $300 credit + 10K anniversary miles effectively makes the card near-free.

Earning is roughly equal at high spend. The real difference is Hyatt: Chase UR → Hyatt transfers are some of the best value in all of points. One night at a Category 7 Hyatt costs 35K points (worth $700+ in cash). You can't replicate this through Venture X.

The Verdict

Pick Sapphire Preferred if: you want to maximize dining rewards, you're into transfer partners (especially Hyatt), or you're earlier in your points journey and want a proven $95 workhorse.

Pick Venture X if: you want lounge access, you spend a lot on non-bonus categories (2X flat is great), and you want a premium card that pays for itself annually via credits.