Travel Capital One vs. Chase: Which bank has better credit card offers?
These are the best rewards credit cards for 2020
Editor’s note: This is a recurring post, regularly updated with new information. The rewards available from credit cards go well beyond just points and miles. With the right credit card, you can save on shopping, get a jump-start on your vacation fund and more. With TPG’s top rewards credit cards, you can add value, along …The rewards available from credit cards go well beyond just points and miles. With the right credit card, you can save on shopping, get a jump-start on your vacation fund and more. With TPG’s top rewards credit cards, you can add value, along with points and miles, to your wallet.
Editor’s note: This is a recurring post, regularly updated with the latest information.
In theworld, the options can be overwhelming. You can earn , , — or even luxury perks such as or a . Plus, each card you open can have an affect on which cards and bonuses you’re eligible for in the future. So you want to make sure that the card you apply for is the right one for you.
Get the most out of Chase with these cards
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Two of the best options areand and both banks issue a variety of . Let’s take a look at which cards are the best in different categories.
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Capital One versus Chase card comparison
|Travel cards||Capital One Venture Rewards Credit Card||Chase Sapphire Preferred Card|
|Premium travel cards||None||Chase Sapphire Reserve®|
|Cash-back rewards||Capital One Savor Cash Rewards Credit Card||Chase Freedom Unlimited |
Chase Freedom Flex
|Business cards||Capital One Spark Miles for Business||Ink Business Preferred Credit Card|
To get the most value out of credit card rewards, flexibility is key. Transferable points and miles are your best friends, and both Capital One and Chase issue cards that earn these rewards.
Best cash back credit cards for 2020
Our list of the best cash back credit cards can help you make sure you're earning bonus cash back in all the places you shop the most every day.The old saying "Cash is king" might never have been as true as it is right now. While many people like to use their credit card to earn travel points or miles that they can redeem for a once-in-a-lifetime trip, those plans are on hold for many at the moment thanks to the pandemic.
You earn transferable miles with these Capital One cards:
- Capital One Spark Miles for Business
- Capital One Spark Miles Select for Business
- Capital One Venture Rewards Credit Card
- Capital One VentureOne Rewards Credit Card
The information for the Capital One Savor and Capital One Spark Miles Select cards as been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
And you can earn transferable Chase Ultimate Rewards points with these Chase cards:
- Chase Sapphire Reserve
- Chase Sapphire Preferred Card
- Ink Business Preferred Credit Card
Travel partners: Capital One milesand Chase Ultimate Rewards — but the number of transfer partners doesn’t tell the whole story. First, at a 1:1 ratio to all of its partners, while at a 2:1.5 ratio to 13 partners and a 2:1 ratio to the other two.
Earn more rewards on your groceries with these credit cards
Earn more rewards on your groceries with these credit cardsIf you find yourself cooking at home more than going out right now, groceries are probably a significant part of your monthly budget. That means you'll want to earn as much cash back or travel points on your supermarket purchases as you can. The good news is that not only are there a number of great credit cards for grocery shopping, some cards currently even feature limited-time bonuses on groceries.
You also need to consider the usefulness of the partner loyalty programs. Capital One has valuable partners, including Air Canada’s Aeroplan, Avianca LifeMiles, Singapore Airlines’ KrisFlyer and Air France-KLM’s Flying Blue. But Chase points also transfer to Singapore Airlines and Flying Blue, but at a better transfer ratio. Plus, Chase has other excellent partners, such as Virgin Atlantic (great for, even though there was recently a ), United Airlines (book ) and Hyatt (amazing for ).
Earning rewards: All of the cards that earn Capital One miles earn 1.5x to 2x miles per dollar on every purchase. With Chase it depends on which card you have. The Sapphire cards earn bonus miles on travel and dining: Theearns 2x miles on those purchases and the earns 3x miles. Both cards are also offering through April 30, 2021: The Preferred card earns 2x points and the Reserve card earns 3x points — up to $1,000 spend her month. The Ink Business Preferred Credit Card earns triple points on the first $150,000 in combined purchases each account anniversary year in these categories:
Best cash back credit cards of 2021
Put one of the best cash back credit cards in your purse or wallet and make sure you're earning bonus cash back in all the places you shop the most every day.The old saying "Cash is king" might never have been as true as it is right now. While many people like to use their credit card to earn travel points or miles that they can redeem for a once-in-a-lifetime trip, those plans are on hold for many at the moment thanks to the pandemic.
- Telecom, including internet, cable and phone services
- Advertising purchases made with social media sites and search engines
All other purchases made with these Chase cards earn only 1 point per dollar. However, if youwith the no-annual fee Chase Freedom Unlimited or Chase Freedom Flex, that will open up even more bonus categories.
Given how easy it is to earn unlimited double miles everywhere with the Capital One Venture and, you’ll find it’s easier to earn Capital One miles unless you spend heavily in Chase’s bonus categories.
Rewards value: According toCapital One miles are worth 1.4 cents each and Chase points are worth 2 cents apiece. This value is based on the average value you can expect to receive when transferring to travel partners.
You can also use your rewards asto “erase” travel charges or pay for travel. You can use Capital One miles to erase eligible travel charges at a rate of 1 cent per mile, but . First, Chase points can be redeemed for 1 cent each as cash back or you can use them to pay for travel booked through the . When you use points to pay for travel booked through the Chase portal, they are worth 1.25 cents each with the Sapphire Preferred or Ink Business Preferred Credit Card. If you have the that number jumps up to 1.5 cents each.
The best no annual fee credit cards
New to miles and points (or credit cards in general) and trying to understand why any sucker would pay an annual fee just for the privilege of using a credit card, especially when there are so many free credit cards on the market? That’s a phase we’ve all gone through. And while the best credit cards […]You may be surprised, but many no-annual-fee cards earn more points than some cards with high annual fees, though they have fewer amazing benefits. That makes them great complements to your powerhouse travel credit cards. Plus, certain no-annual-fee cards have phenomenal welcome bonuses.
Winner: Between its better transfer ratios and more lucrative travel partners, Chase Ultimate Rewards is the clear winner when it comes to travel partners.
The best consumer cards that Chase and Capital One offer are the Chase Sapphire Preferred and thecards.
Bonus: The Sapphire Preferred has an intro offer of 60,000 Ultimate Rewards points after spending $4,000 on purchases in the first three months from opening the account. The Venture card comes with a bonus of 60,000 miles after spending $3,000 on purchases in the first three months of account opening.
- Sapphire Preferred card: $95
- Venture Rewards card: $95
Benefits: The Sapphire Preferred earns 2x Chase points on travel and dining purchases, 5x points on Lyft rides (through March 2022) and 1 point per dollar for all other spending. Through April 30, 2021, you’ll also, up to $1,000 per month. It also comes with excellent . You’ll get primary , , and . This card also comes with at least a year of , which normally costs $9.99/month and gets you waived delivery fees on orders of $12 or more at DashPass restaurants.
Chase Sapphire Reserve: 60,000 bonus points
With these limited-time offers, new applicants can earn 60,000 bonus points on the Chase Sapphire Reserve card, or even 80,000 bonus points and a $50 statement credit on the Chase Sapphire Preferred credit card.If you've been holding out on applying for the Chase Sapphire Reserve — as well as the Chase Sapphire Preferred Card — in the hopes of getting as large of a sign-up bonus as possible, your time has arrived. Chase has released new limited-time offers on both cards, including the highest sign-up bonus we've ever seen on one of them.
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The Venture card earns 2x miles on every purchase with no limit to the number of miles you can earn. It also comes with aapplication fee credit worth up to $100 (once every four years).
At first glance, these two cards seem to be evenly matched, but once you understand how much more valuable Ultimate Rewards points are compared to Capital One miles, the Sapphire Preferred comes out ahead. Again,Chase points at 2 cents each and Capital One miles at 1.4 cents each. That puts the value of the Sapphire Preferred’s intro offer at $1,200 after you pay the annual fee, compared to the Venture’s bonus value of only $840 (based on TPG valuation and not provided by the issuer) — and they both have the same $95 annual fee.
This valuation means you’re getting 4.8% in value for travel and dining (10% in travel on Lyft rides take through March 2022) with the Preferred and 2% everywhere else, while the Venture earns a flat 2.8% back in travel rewards on all purchases.
Winner: While the Venture card is likely a better choice for your, once you take into consideration the Sapphire Preferred’s travel insurance perks and the value of Ultimate Rewards points, it comes out on top.
Premium travel cards
Capital One doesn’t issue a “premium” card with higher annual fees that are offset by high-end benefits. The premium Chase Ultimate Rewards card is the Chase Sapphire Reserve®.
Bonus: The Reserve card has an intro offer of 50,000 points after spending $4,000 on purchases in the first three months from opening the account.
Everything you need to know about travel insurance in a post-COVID-19 world
Everything you need to know about travel insurance in a post-COVID-19 world
Annual fee: $550
Benefits: The top two perks that come with this card are its $300 annual travel credit and the, which gets the cardholder and two guests . You’ll also get the same complimentary DashPass membership that comes with the Sapphire Preferred card, except the Reserve also comes with $60 in DoorDash credit in 2021 (cardmembers also received a $60 credit in 2020). You can also use your Reserve to get a free year of Lyft Pink as long as you . normally costs $19.99/month and gets you 15% off Lyft rides and a handful of other perks.
The Reserve earns 3x points on travel and dining (except for the purchases reimbursed with the $300 travel credit), 10x points on Lyft rides taken through March 2022 and one per dollar everywhere else. And through April 30, 2021, you’ll also, up to $1,000 per month.
Winner: Chase Sapphire Reserve
Among cash-back consumer cards, theand the or Chase Freedom Flex are the top options from each issuer.
Bonus: The Savor card has a $300 cash bonus which you can earn after spending $3,000 on purchases in the first three months after opening the card. Both the Freedom Unlimited and Freedom Flex come with a $200 bonus after spending $500 on purchases in the first three months from opening the account.
- Freedom Unlimited: $0
- Freedom Flex: $0
- Savor: $95
Benefits: The the Freedom Unlimited and the Freedom Flex earns 5% back on Lyft rides (through March 2022), 3% back at restaurants (including takeout and delivery) and 3% back at drugstores. The Freedom Flex then offers 5% rotating quarterly categories (up to $1,500 per quarter you activate) and the Freedom Unlimited earns 1.5% back on all other purchases. Both cards also come with three free months of DashPass and you can get the next nine months for 50% off. The Freedom Flex also offerswhen you pay for your bill with the card.
The Savor card earns 4% back on dining and entertainment; 2% back at grocery stores and 1% on everything else. You’ll also earn 8% back on tickets at Vivid Seats through January 2022 and pay.
Winner: The Savor is one of theand its bonus is double the value of the two Chase cards, so it’s a better choice for just about everyone. However, the gap closes when you since you’ll be able to then transfer your points to Chase’s travel partners.
Business cards: Chase wins
Thefor these issuers are the and the Ink Business Preferred Credit Card.
Bonus: The Ink Business Preferred Credit Card has a welcome bonus of 100,000 bonus points after you spend $15,000 on purchases in the first three months of account opening. The Spark Miles card earns 50,000 bonus miles after you spend $4,500 on purchases in the first three months from opening the account.
- Ink Business Preferred: $95
- Spark Miles for Business: $95, waived for the first year
Benefits: The Spark Miles card earns 5x miles on hotel and rental car bookings made with the card through Capital One Travel and 2x miles on all other purchases. You’ll also get a/ application-fee credit worth up to $100 once every four years.
The Ink Business Preferred Credit Card earns 3x points on the first $150,000 in combined purchases made each account anniversary for travel, shipping, internet, cable and phone services and advertising purchases with; 5x points on Lyft rides (through March 2022); all other purchases earn 1 point per dollar. You’ll also get when you pay for your bill with the card.
For businesses with expenses that fall outside the Ink Preferred’s bonus categories, the Spark Miles card is better for spending; outside of that, the Ink Preferred is a better card. Not only is the intro bonus significantly more valuable, but again, Chase Ultimate Rewards points are so much more useful and provide more. You can’t beat and 1:1 transfer ratio. As an example, the Ink Preferred’s welcome bonus can convert into 100,000 airline miles, while the Spark Miles welcome bonus would only convert into 37,500 airline miles at best.
Who should get a Capital One card?
Most of the Capital One card offers are great if you prefer simplicity. For example, the, the Venture Rewards card, Spark Miles Business card and Capital One Spark Cash for Business all have a $95 ongoing annual fee (waived for the first year for the Spark Miles and Spark Cash cards) and earn 2x miles or 2% cash back on every purchase.
If you don’t want to worry about juggling cards in your wallet to, any one of these cards is a great choice to make the most of your spending. Plus, the rewards you earn are super easy to use and there’s a huge value in not having to spending hours figuring out how to squeeze the most from your miles.
Who should get a Chase card?
To qualify for any Chase card you’ll need to be under the. That means you’ll need to have been approved for five or fewer cards from any bank in the past 24 months. If that’s you, then start your journey into the world of miles and points with a Chase credit card. Many of the , and most valuable general travel cards are issued by Chase. So it makes sense to get them before you get locked out by the 5/24 rule.
Should I get cards from both banks?
There areon applying for cards from both Capital One and Chase, but it definitely is possible to get cards from both. Other than the aforementioned 5/24 rule, there really is no reason not to open cards with both Chase and Capital One.
Among the restrictions, Capital One limits you to two personal Capital One cards at a time;and business cards generally aren’t included in this limit. You’re also limited to being approved for one Capital One card every six months. With Chase, you can’t hold both Sapphire cards at the same time. Also, if you’ve earned an you won’t be able to open a new Sapphire card.
When it comes to earning credit card rewards, two of the top issuers are Capital One and Chase. Between these banks you’ll easily be able to find a card to fit your needs. Chase has cards that earn the super valuable Chase Ultimate Rewards points, which transfer to useful. Capital One has a lineup of cards that earn 2x miles or 2% cash back on every purchase, so you can’t beat the simplicity.
Which card is best for you depends a lot on your travel goals and what you want to get out of a card. In most cases Chase has the more rewarding options, but if cash back is what you’re after, you’ll want to take a look at what Capital One offers.
Featured photo by The Points Guy.
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And when you do spend on dining, you should use aand potentially even score special discounts. Thanks to temporary card bonuses and changes due to coronavirus, you may even be able to score a meal at your favorite restaurant for free.
for dining out, taking out, and ordering in to maximize every meal purchase.
Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
Everything you need to know about travel insurance in a post-COVID-19 world .
Everything you need to know about travel insurance in a post-COVID-19 world