- 1 Capital One Venture vs. Chase Sapphire Preferred
- 2 10 Best Hotel Rewards Credit Cards of 2017
- 3 Gold Delta SkyMiles Card Vs. Capital One Venture Rewards
- 4 Requirements for a Visa Signature Card
Capital One Venture vs. Chase Sapphire Preferred
If you are looking for a flexible travel rewards credit card with an annual fee below $100, two cards worth your consideration are the Capital One Venture and the Chase Sapphire Preferred. Both allow you to earn reward points on every purchase and redeem those points on future travel purchases. While either card will reward you for travel, you need to determine the winner in the Capital One Venture vs Chase Sapphire Preferred battle.
Capital One Venture or Chase Sapphire Preferred?
Let's start with the Capital One Venture and see what they have to offer.
Annual Fee: $0 first year then $59
Foreign Transaction Fee: None
Sign-Up Bonus: 40,000 miles ($400 value) after spending $3,000 in first 3 months
Purchase Rewards: Earn 2 miles for every $1 spent on all purchases
Redeeming Rewards: Can be redeemed through Capital One travel portal or as a statement credit for other travel purchases. Both redemption options have a 1% redemption rate (100 miles=$1/10,000 miles=$100)
Additional Card Benefits: Secondary Rental Car Collision Damage Waiver & additional Visa Signature benefits
Now, let's see what the Chase Sapphire Preferred has to offer.
Annual Fee: $0 first year then $95
Foreign Transaction Fee: None
Sign-Up Bonus: 50,000 points ($625 value in travel redeemed through the Chase Ultimate Rewards wesbsite) after spending $4,000 in the first 3 months & opportunity to earn 5,000 additional points by adding an authorized user in the same time period
Purchase Rewards: Earn 2 points for every $1 spent on all travel & dining purchases and 1 points for everything else
Redeeming Rewards: Can be redeemed through Chase travel portal for award travel & are worth 1.25 cents each (1,000 points=$12.50/10,000 points=$125) or transfer on a 1:1 basis to many airline or hotel travel programs.
Additional Card Benefits: Primary Rental Car Collision Damage Waiver, Trip Interruption & Cancellation Insurance, Baggage Delay Insurance & additional Visa Signature benefits
An In-Depth Capital One Venture vs. Chase Sapphire Preferred Review
It wouldn't be a complete comparison of the two cards without going into more detail on the various categories to help pinpoint your travel needs.
Both cards waive the annual fee for the first year. If cost is your primary issue, Capital One is the better option because it's only $59 a year instead of $95.
To be fair, Chase Sapphire Preferred does offer some additional card benefits and redemption options to help sweeten the pot.
Both cards offer pretty good sign-up bonuses. Not many credit cards offer bonuses worth at least $400. The spend minimums of $3,000 and $4,000 might be a little high, but, they are still relatively low for what you get in return.
Regardless of the fact that the Capital One Venture award doesn't have as high of a face value ($400 compared to $625), the Chase Sapphire Preferred bonus is probably better all around because of its flexibility.
With the Chase Sapphire Preferred, you can redeem your points through Chase for any type of travel reward from plane tickets, hotel stays, to rental cars. Or, you can transfer the points to one of the Chase Ultimate Reward travel partners on 1:1 basis. This means your points could be worth even more than $625 by being redeemed outside of Chase.
Winner: Chase Sapphire Preferred
Hands-down, the Capital One Venture card has a better purchase reward rate and will be able to accumulate them more quickly. You get 2 points on any purchase, not just travel and dining as the Sapphire Preferred does.
So if you spend $40 at Red Lobster, you will earn 80 points (miles) with either card. But, if you buy a new flat screen tv for $500, you will earn 1,000 miles on Capital One and only 500 points with Chase.
If you only use either card almost exclusively for travel & dining, it's probably a tie in terms of accumulating points. Although as will be discussed in the next section, Chase probably wins the tie breaker when it comes to redeeming the points.
Depending on what you buy with your card, you will accumulate points more quickly with the Capital One Venture if you charge everything to it. Meaning you potentially will have more points to redeem than with the Sapphire Preferred.
The only difference is the Capital One Venture has a flat rewards redemption rate of 1% for any award travel. Redeeming 40,000 points will always be worth $400 in tickets from the Capital One travel portal or a travel statement credit if you bought them directly from the airline and want to be reimbursed.
With the Sapphire Preferred, your points have a 1.25% redemption rate on the Chase travel portal. Or, you can transfer them on a 1:1 basis to your favorite airline or hotel loyalty program to complement your existing point balance and have a better reward rate as hotels and airlines keep some of the deals for themselves.
Winner: Chase Sapphire Preferred
Additional Card Benefits
The main reasons you & many others apply for a particular credit card is for the sign-up bonus and the rewards points options. A secondary reason might be the additional benefits that you get from the issuer like complimentary upgrades, a free annual hotel night, purchase protection, etc. These are benefits that help add value to the card to further offset the annual fee.
Both the Capital One Venture and the Sapphire Preferred are Visa Signature cards and include benefits from Visa including a 24/7 concierge service, complimentary upgrades to certain events, and discounted prices with select merchants.
Once again the Sapphire Preferred has more benefits. Both offer rental card collision damage coverage when you decline the CDW coverage from the rental car agency. But, only the Sapphire Preferred offers additional travel insurance when your trip is interrupted or cancelled due to extenuating circumstances like weather or medical emergencies. If your baggage is delayed, you can also be reimbursed costs for essential purchases.
You may not plan to use any of these additional benefits, but, they can be a nice addition.
Winner: Chase Sapphire Preferred
Who wins the Capital One Venture vs. Chase Sapphire Preferred debate?
Both cards are very good and you can't go wrong with either one. It ultimately depends on how you plan to use the card & how you travel.
The Capital One Venture card is simple to use. It earns 2% on all rewards and you get 1% back on all points redeemed for travel. You have the ability to accumulate more rewards faster than with the Sapphire Preferred, but there is a lower redemption rate. If you don't need the additional travel benefits or simply want a lower annual fee, these are two other reasons to choose this card as well.
With the Chase Sapphire Preferred you get a stronger sign-up bonus & have more point redemption options from one the most highly regarded credit card rewards program (Chase Ultimate Rewards). You have a 1.25% redemption rate on award travel using the Chase travel portal or can transfer the points to travel partners like United, Southwest, IHG, Marriott, or Hyatt. And if you normally spend a few extra dollars to buy a travel insurance plan, you can save a few bucks here as well as it is a complimentary perk with Chase.
10 Best Hotel Rewards Credit Cards of 2017
Those who want to get the best hotel-related perks and privileges ought to try applying for at least one of the 10 best hotel rewards credit cards of 2017.
Some of these cards are offered in collaboration with credit card giants like Visa, MasterCard, and American Express, while others are private label creations. Either way, each card on our list below is laden with hotel-related incentives for further spending, as well as bonuses and freebies.
This ranking is based on the consensus picks of at least seven websites well-known for ranking and displaying information about credit cards in the U.S. These seven websites – The Simple Dollar, Money Crashers, Value Penguin, Nerd Wallet, Get.com, Elite Personal Finance, and LendEdu – are prominent in online searches and are generally the first websites you see in search results when you search for a list of the best hotel rewards credit cards of 2017 (or for any year or kind of credit card, for that matter). For this list by Insider Monkey, we sought out which of the cards were mentioned the most often. This is no small feat, as some rankings include 17 credit cards, while others are limited to just five. So to gain the recommendation of at least three of these websites would be proof enough of the merits of a hotel rewards credit card. For instances when cards are mentioned by the same number of lists, they are further ranked based on their annual fees, meaning the smaller the annual fee, the better it fares in this ranking.
On a related matter, Insider Monkey has also compiled a list of the 10 best hotel rewards programs for business travellers, which you won’t want to miss if you’re a frequent business traveler.
The 10 best hotel rewards credit cards of 2017 are: Barclaycard Arrival Plus World Elite MasterCard from Barclays PLC (ADR) (NYSE:BCS) and Mastercard Inc (NYSE:MA); Capital One Venture Rewards Credit Card by Capital One Financial Corp. (NYSE:COF); Citi Hilton Honors Reserve Card by Hilton Worldwide Holdings Inc (NYSE:HLT) and Citigroup Inc (NYSE:C); Citi Hilton Honors Visa Signature Card by Hilton Worldwide Holdings Inc (NYSE:HLT), Citigroup Inc (NYSE:C), and Visa Inc (NYSE:V); Club Carlson Premier Rewards Visa Signature Card by Carlson Rezidor Hotel Group and Visa Inc (NYSE:V); Hilton Honors Card from American Express by Hilton Worldwide Holdings Inc (NYSE:HLT) and American Express Company (NYSE:AXP); Hilton Honors Surpass Card from American Express by Hilton Worldwide Holdings Inc (NYSE:HLT) and American Express Company (NYSE:AXP); IHG Rewards Club Select Credit Card by InterContinental Hotels Group PLC (ADR) (NYSE:IHG); Marriott Rewards Premier Credit Card by Marriott International Inc (NASDAQ:MAR); and Starwood Preferred Guest Credit Card from American Express, by Marriott International Inc (NASDAQ:MAR) and American Express Company (NYSE:AXP).
To see how each card ranked, head to the next page to begin the list!
Gold Delta SkyMiles Card Vs. Capital One Venture Rewards
David Seaman is host of The David Seaman Hour and a prominent new media advocate. Follow him on Twitter (new!) and Google+. Previously, David founded the popular credit card deals web site, Outlaw. David Seaman's views are his own, and Business Insider's publication of his work is not an endorsement.
Here's the rundown on two of my favorite airline rewards credit cards. As your summer travel plans continue in August, you can't go wrong earning air miles with either of these!
1. Gold Delta SkyMiles Credit Card: This AmEx-branded Delta Airlines card offers a lucrative "30,000 bonus miles toward Award Travel & $0 introductory annual fee for the first year then $95" annually after that. If you apply online, a decision is offered within 60 seconds and other useful features include: Priority Boarding on Delta flights, ability to check your first bag free for you and up to 9 people in your reservation, 20% in-flight savings on entertainment and food purchases, plus all of the purchase protections offered by American Express. Read real user reviews and apply online here; "Airline Miles Cards" page.
2. Capital One Venture Rewards: This flagship travel rewards credit card from Capital One is a bit different from your typical airline card. Your miles don't expire, and can be used toward any travel expense, rather than being limited to redemption on one airline (including hotel stays or car rentals or airfare on any airline). This is a great airline credit card deal as you earn 2 miles per $1 spent, which is significantly higher than the industry average. Additionally, if you choose to use the miles toward airfare, you can use Capital One's web site to quickly book the flight of your choice. Read our full review.
Finally, if you fly United or Continental Airlines frequently (they recently merged!), definitely consider the new United MileagePlus Explorer credit card. You earn a lucrative air miles bonus, the card is a VISA Signature, and United has a massive international inventory of flights you can book using your MileagePlus miles. I recently watched a lecture that their charismatic CEO Jeff Smisek gave at Stanford's Graduate School of Business, and he certainly seemed to "get" how crucial maintaining a great loyalty program is to an airline's success. (It's actually a shame United and Chase don't work with Outlaw, or we'd certainly have the MileagePlus Explorer card in our deals portal, without hesitation.)
David blogs about personal finance and credit atВ Credit Card Outlaw.
Disclosures:В OutlawВ is a credit card promotions site, and as such we maintain financial relationships with numerous banks and financial institutions, including some of the offers andВ cards mentioned or featured herein.
Read the original article on David Seaman Online. Copyright 2012.
Requirements for a Visa Signature Card
The Visa Signature card isn't just one credit card, but a series of them that all offer additional benefits and perks. Visa does not issue its own credit cards. The cards that bear the Visa Signature logo come from third-party issuers like banks, credit unions and retailers. The requirements to get a Visa Signature card vary depending on the card issuer.
As of May 2015, several financial institutions offered Visa Signature credit cards. Among them were:
Because the Visa Signature cards offer premium benefits, it typically takes an above average credit score to open one. For example, the Capital One Venture One card requires an average score of 696, according to Credit Karma. Additionally, applicants must not be more than 60 days late on any bills. They must have never filed bankruptcy, and must have had another credit line of at least $5,000 for at least three months.
Credit card issuers don't reveal the minimum income requirements. Some allow you to use household income rather than just personal income. For example, U.S. Bank allows applicants who are 21 years and older to include other income they have access to such as spousal income, rental income, Social Security payments or retirement benefits.
The exact benefits of a Visa Signature card will vary depending on the card's issuer, but most cards include:
Auto rental collision damage waiver
Lost luggage reimbursement
Travel emergency services
Travel accident insurance
Zero liability for unauthorized purchases
Extended product warranties
Year-end summary statements
Visa Signature cardholders also get additional savings, special promotions and travel deals like:
Access to Visa Signature Hotel Collection
Cruise discounts on lines like Princess and Royal Caribbean
Along with travel benefits, a Visa Signature card can lead to access to sporting events, concerts and other experiences like wine tastings, city and attraction tours, and concert VIP events.
To access Visa Signature benefits, call the customer service number on the back of the card, visit the Visa Signature website or call Visa Customer Assistance at 1-800-847-2911.