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Capital One dropped a sledgehammer on the foundation of the premium card market this past week with the Capital One Venture X, and I’d say that the biggest market share it looks to steal from is the Chase Sapphire Reserve. Note I’m not saying the Chase Sapphire Preferred since I can see a lot of use cases to carrying a Chase Sapphire Preferred and a Capital One Venture X at the same time – namely that the Preferred would give you 3x dining and 3x online groceries for just $95 a year and you’d get a $50 hotel credit. But…this article is about looking at Capital One Venture X alongside the Chase Sapphire Reserve.
Let’s a take a look:
|Capital One Venture X
||Chase Sapphire Reserve|
A look at the transfer partners of Capital One and Chase. Note that Capital One is a 1:1 partner on all but Accor and EVA – Chase is 1:1 across the board. Also, the points earned on the Venture X can be redeemed a $0.01 valuation in Cap1 Travel vs Chase Sapphire Reserve gives $0.015 redemption rate. Chase has more domestic partners than Capital One, but Capital One’s list is really great. If you want more in depth uses of each one check out these posts:
If you spend $400 a year on travel in the Capital One portal with your Venture X you’re getting every thing else the card provides free of charge since it gives an annual $300 travel credit and 10k Miles on your account anniversary. That completely offsets the $395 fee. The Chase Sapphire Reserve as a comparison would offset $300 worth of travel, but charge $550 every year. That leaves you spending $250 to keep the card in your wallet…personally I’d use that $250 to add either a Chase Sapphire Preferred or an Amex Gold to my wallet.
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Capital One lit the premium card market on fire when it dropped this card. It quickly was added to our wallet for the following reason!
♥ Earn 100k Bonus Points after $10k Spend in 6 months
♥$300 Annual Travel credit within Capital One Travel Portal
♥2x on every single purchase without limit
♥10x on hotels and car rentals purchased via Capital One Travel
♥5x on airfare purchased within Capital One Travel
♥Erase any travel purchase off your card at a penny a piece with Capital One Travel Eraser
- Access to the Capital One lounge network
- Priority Pass access ( including restaurants for you and two guests ) Authorized Users have access as well
♥ 10k Anniversary Miles every year you keep the card – worth $100 in Capital One Travel or transferred to partners
♥$395 Annual Fee
If you spend more than $400 a year on travel, you’ll quickly offset the annual fee with the $300 travel credit and 10k anniversary bonus. The rest is gravy. And you can add up to 4 Authorized Users fee free!