Chase Sapphire Preferred vs Capital Venture One
May 14, 2012, 4:51 pm
#31
Join Date: May 2012
Programs: AA Gold, Delta Gold, SPG Gold, Marriott Silver
Posts: 26
Yeah, I guess where I keep getting stuck is trying to model out whether 1.25% back year round would end up being a better yield than 1% year round + some 5% bonuses. I've applied their reward rates to what I currently spend and the Freedom yields more with the 2012 categories, but who knows what the bonuses will be in 2013? I guess theoretically they'd have to include SOMETHING I can benefit from, I just don't spend on gas or things like movies so the bonus categories could prove less than thrilling.
Jun 17, 2012, 12:59 pm
#32
Join Date: Oct 2011
Posts: 29
Capital One Venture vs Sapphire Preferred
how is this not a no-brainer choice?
Everyone seems to love the chase sapphire preferred cards because of the flexibility with UR points.
Great
Except Capital one venture card gives you 2pts per dollar spent on anything (sapphire preferred only on travel and dining)
Capital One Venture is $59/yr while Chase Sapphire preferred is $95/yr
Capital one I can shop for travel anywhere...even priceline and get the best deal and then pay myself back after I make the purchase. This is HUGE if you use hotwire or priceline for any sort of travel purchases.
With Chase Sapphire preferred you have to book via UR to get the measly .0125 return on your dollar. Makes no sense to me as I can save more money (at least .02 per dollar min) booking with whoever has the best deal and not be forced to use UR.
Why would anyone use the Chase Saphire preferred over the Capital One Venture?
What am I missing here? Please correct my thinking where I am wrong.
Everyone seems to love the chase sapphire preferred cards because of the flexibility with UR points.
Great
Except Capital one venture card gives you 2pts per dollar spent on anything (sapphire preferred only on travel and dining)
Capital One Venture is $59/yr while Chase Sapphire preferred is $95/yr
Capital one I can shop for travel anywhere...even priceline and get the best deal and then pay myself back after I make the purchase. This is HUGE if you use hotwire or priceline for any sort of travel purchases.
With Chase Sapphire preferred you have to book via UR to get the measly .0125 return on your dollar. Makes no sense to me as I can save more money (at least .02 per dollar min) booking with whoever has the best deal and not be forced to use UR.
Why would anyone use the Chase Saphire preferred over the Capital One Venture?
What am I missing here? Please correct my thinking where I am wrong.
Jun 17, 2012, 1:16 pm
#33
Join Date: Apr 2012
Location: USA
Programs: SPG Platinum, UA Gold, EK
Posts: 42
I don't have the Sapphire Preferred, but I think the advantage is the ability to covert UR points to miles, where the value you get can be much higher than .0125/point, especially if you redeem for international flights and in premium cabins.
You also have the ability to earn bonus points through the UR Mall which can then be converted into miles.
You also have the ability to earn bonus points through the UR Mall which can then be converted into miles.
Jun 17, 2012, 1:32 pm
#34
Join Date: Mar 2011
Location: ORD
Programs: AA EX PLT, AS MVPG, AR PLT,SPG GOLD
Posts: 138
The citi Ty premier card would be a better comparison. If you purchase enough airfare and have enough flight points every purchase will be 2+ Ty points. Along with some other products which give you 5 Ty points . I have all three and the premier card is my favorite. Along with other travel benefits.
Jun 17, 2012, 1:39 pm
#35
Join Date: Apr 2012
Location: DEN
Programs: UA 1K, Marriott Plat, Hertz PC, Global Entry, CLEAR
Posts: 285
I don't have the Sapphire Preferred, but I think the advantage is the ability to covert UR points to miles, where the value you get can be much higher than .0125/point, especially if you redeem for international flights and in premium cabins.
You also have the ability to earn bonus points through the UR Mall which can then be converted into miles.
You also have the ability to earn bonus points through the UR Mall which can then be converted into miles.
Jun 17, 2012, 2:13 pm
#36
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,956
Looking only at the redemption value of a point is misleading. Sapphire Preferred earns more than one point per dollar in several categories, and there an annual 7% bonus. However, the ability to convert Ultimate Rewards points to miles is the decisive factor if you redeem for expensive tickets,
If you generally redeem for economy class tickts you would do better with this new card from Bank of America:
http://www.flyertalk.com/forum/credi...l-credits.html
The highest return for an economy class flyer is Citibank's ThankYou points using a Premier card. This will return a minimum of 2.66%, provided you travel enough to generate sufficient Flight Points to match the points earned by spending, and you take the time to understand the rules. You must redeem through Citi's agency, and should accept that they tinker with the program every couple years. If you add a Citi Forward card you can accumulate points faster, but those points will not be matched by Flight Points.
If you generally redeem for economy class tickts you would do better with this new card from Bank of America:
http://www.flyertalk.com/forum/credi...l-credits.html
The highest return for an economy class flyer is Citibank's ThankYou points using a Premier card. This will return a minimum of 2.66%, provided you travel enough to generate sufficient Flight Points to match the points earned by spending, and you take the time to understand the rules. You must redeem through Citi's agency, and should accept that they tinker with the program every couple years. If you add a Citi Forward card you can accumulate points faster, but those points will not be matched by Flight Points.
Jun 17, 2012, 2:59 pm
#37
Join Date: Mar 2010
Posts: 205
For many, the transfer partners are what keep us interested. Given the recent capacity controls and jet fuel price fluctuations, the price of purchased tickets have risen more than a ticket purchased with miles in most cases.
1 route that I take, the paid fare for Y is up 19% y-o-y whereas the miles required for that same trip is unchanged. Although there is something to be said for purchasing a ticket and getting a statement credit as you'll bank those miles which makes re-qualifying that much easier.
Another reason why I like the UR program is the ability to transfer my Freedom points over to my Sapphire preferred. Thus, this quarter I earn 5% (up to $1500) on groceries and movie theates, 2% on travel/dining, and 1% on everything else less the dividend. Next quarter, I'll earn 5% on gas/dining (up to $1500), 2% on any dining after that amount as well as travel, and 1% on everything else less the dividend.
This requires that one have a Freedom to go along with their Sapphire but even without it, there remains a good enough reason to have the Sapphire based on the aforementioned reasons.
I don't have a Venture but when I looked at the numbers 2 years ago, I didn't see the need for it at the time. However, now with the Schwab card gone, things could be different although I doubt it. If the Venture works for your situation, that's all that matters.
1 route that I take, the paid fare for Y is up 19% y-o-y whereas the miles required for that same trip is unchanged. Although there is something to be said for purchasing a ticket and getting a statement credit as you'll bank those miles which makes re-qualifying that much easier.
Another reason why I like the UR program is the ability to transfer my Freedom points over to my Sapphire preferred. Thus, this quarter I earn 5% (up to $1500) on groceries and movie theates, 2% on travel/dining, and 1% on everything else less the dividend. Next quarter, I'll earn 5% on gas/dining (up to $1500), 2% on any dining after that amount as well as travel, and 1% on everything else less the dividend.
This requires that one have a Freedom to go along with their Sapphire but even without it, there remains a good enough reason to have the Sapphire based on the aforementioned reasons.
I don't have a Venture but when I looked at the numbers 2 years ago, I didn't see the need for it at the time. However, now with the Schwab card gone, things could be different although I doubt it. If the Venture works for your situation, that's all that matters.
Jun 17, 2012, 5:20 pm
#38
Join Date: Apr 2011
Location: Philadelphia
Posts: 297
how is this not a no-brainer choice?
Everyone seems to love the chase sapphire preferred cards because of the flexibility with UR points.
Great
Except Capital one venture card gives you 2pts per dollar spent on anything (sapphire preferred only on travel and dining)
Capital One Venture is $59/yr while Chase Sapphire preferred is $95/yr
Capital one I can shop for travel anywhere...even priceline and get the best deal and then pay myself back after I make the purchase. This is HUGE if you use hotwire or priceline for any sort of travel purchases.
With Chase Sapphire preferred you have to book via UR to get the measly .0125 return on your dollar. Makes no sense to me as I can save more money (at least .02 per dollar min) booking with whoever has the best deal and not be forced to use UR.
Why would anyone use the Chase Saphire preferred over the Capital One Venture?
What am I missing here? Please correct my thinking where I am wrong.
Everyone seems to love the chase sapphire preferred cards because of the flexibility with UR points.
Great
Except Capital one venture card gives you 2pts per dollar spent on anything (sapphire preferred only on travel and dining)
Capital One Venture is $59/yr while Chase Sapphire preferred is $95/yr
Capital one I can shop for travel anywhere...even priceline and get the best deal and then pay myself back after I make the purchase. This is HUGE if you use hotwire or priceline for any sort of travel purchases.
With Chase Sapphire preferred you have to book via UR to get the measly .0125 return on your dollar. Makes no sense to me as I can save more money (at least .02 per dollar min) booking with whoever has the best deal and not be forced to use UR.
Why would anyone use the Chase Saphire preferred over the Capital One Venture?
What am I missing here? Please correct my thinking where I am wrong.
When looking at Chase UR points for their value when kept as Chase UR points, you are right, it is a no brainer. They are not worth as much as Cap 1 points, because they are 1.25 cents per point.
However, the big value comes with transferring them. You can transfer them at a 1:1 ratio to United, Hyatt, British Airways, Southwest, Marriott, Ritz Carlton, Korean Air.
If you transfer them to United miles, for example, you can get some amazing value. When I redeem for airfare, I'm typically getting 2.0-3.0 cents per mile by using stopovers and open jaws, which allow me to put itineraries together using miles that would cost thousands of dollars if I tried to buy the ticket outright.
Jun 17, 2012, 5:29 pm
#39
Join Date: Oct 2011
Posts: 29
When looking at Chase UR points for their value when kept as Chase UR points, you are right, it is a no brainer. They are not worth as much as Cap 1 points, because they are 1.25 cents per point.
However, the big value comes with transferring them. You can transfer them at a 1:1 ratio to United, Hyatt, British Airways, Southwest, Marriott, Ritz Carlton, Korean Air.
If you transfer them to United miles, for example, you can get some amazing value. When I redeem for airfare, I'm typically getting 2.0-3.0 cents per mile by using stopovers and open jaws, which allow me to put itineraries together using miles that would cost thousands of dollars if I tried to buy the ticket outright.
However, the big value comes with transferring them. You can transfer them at a 1:1 ratio to United, Hyatt, British Airways, Southwest, Marriott, Ritz Carlton, Korean Air.
If you transfer them to United miles, for example, you can get some amazing value. When I redeem for airfare, I'm typically getting 2.0-3.0 cents per mile by using stopovers and open jaws, which allow me to put itineraries together using miles that would cost thousands of dollars if I tried to buy the ticket outright.
Last edited by wallofiron; Jun 17, 2012 at 5:35 pm
Jun 17, 2012, 6:02 pm
#40
Join Date: Jan 2011
Posts: 368
Assuming you're willing to get a BoA checking account, the recently-launched Bank of America cards are better than Venture in terms of returns. If you spend less than $13,636/yr on the card, go for the no annual fee version. If you spend more, go for the $75 fee version.
Venture $59 vs BoA $0 annual fee. 2% versus 1.65% assuming a BoA checking account. 59/(.02-.0165) = $16857.14. So, Venture is better if you will spend >$16857.14/year on that card. But...
Venture $59 versus BoA $75 annual fee. 2% versus 2.2% assuming a BoA checking account. (59-75)/(.02-.022) = $8000. So, Bank of America is better than Venture if you will spend >$8000/year on that card.
Finally, compare the two BoA cards: 75/(.022-.0165) = 13636.36.
Venture $59 vs BoA $0 annual fee. 2% versus 1.65% assuming a BoA checking account. 59/(.02-.0165) = $16857.14. So, Venture is better if you will spend >$16857.14/year on that card. But...
Venture $59 versus BoA $75 annual fee. 2% versus 2.2% assuming a BoA checking account. (59-75)/(.02-.022) = $8000. So, Bank of America is better than Venture if you will spend >$8000/year on that card.
Finally, compare the two BoA cards: 75/(.022-.0165) = 13636.36.
Jun 17, 2012, 6:25 pm
#41
Join Date: May 2008
Location: PHL (kinda, no airport is really close)
Programs: AA Exp, but not sure for how long. Enterprise Platinum woo-hoo!
Posts: 4,550
I have an even different perspective. My actual spend on credit cards is about $40K per year. If I put it all on my Fidelity card at 2% cash back, I would get $800 a year. I don't think that in the long run I would notice an extra $800, even accumulated year to year.
OTOH, I notice my points balance, and the credit card signup bonuses and everything, and if I can look at my wife and say "Hey, when you make your annual trip to Europe I have you booked in business class" - that IS something I will notice. Or when I take that RTW trip, it IS something I will notice.
OTOH, I notice my points balance, and the credit card signup bonuses and everything, and if I can look at my wife and say "Hey, when you make your annual trip to Europe I have you booked in business class" - that IS something I will notice. Or when I take that RTW trip, it IS something I will notice.
Jun 17, 2012, 7:43 pm
#42
Join Date: Mar 2012
Location: Boulder
Programs: AA Plat, CX Silver
Posts: 2,361
The ability to transfer UR points into UA miles is the critical factor for me. Between the bonuses for the UA card and Sapphire Preferred card, as well as some miles I earned from actual flying, I was able to put together a terrific itinerary in F and C, IAH-ORD-HKG-BKK/SIN-DXB-DOH-IAH. I leave in five days!
Jun 18, 2012, 1:00 pm
#43
Join Date: Feb 2011
Programs: Delta Gold Medallion
Posts: 449
I asked here a few months ago about cash back vs miles. A few days ago, using miles I booked a business class flight to the end of the world that would have cost more than $7,000 in cash. For the time being, I am not going to look on cash back. However, I had to learn A LOT about the mileage game and spent quite a while on FT. Using miles in a good way can be quite the headache. Many people prefer the simplicity and no-hassle of cash in hand and for this purpose capital one venture is probably better.
Jun 18, 2012, 2:14 pm
#44
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,956
Bank of America Travel Rewards offers 2.2% in travel credits.
Fidelity American Express offers 2% in unrestricted cash.
Jun 18, 2012, 3:07 pm
#45
Join Date: May 2010
Posts: 583
Miles and Point aside, the Chase Sapphire Preferred's simply provides a higher level of customer service and side benefits that the Venture does not provides.
1) Customer Service Hotline of the CSP is a direct line to US based customer service agents. No prompts, 24/7, US agents.
2) CSP provides Return Protection, Price Protection, Trip Delay Protection, Trip cancellation Protection.
( Return Protection: allow you to return things up to $500 in first 90 days )
( Price Protection: get a refund of the price difference if you see a lower price, up to $500, first 90 days )
1) Customer Service Hotline of the CSP is a direct line to US based customer service agents. No prompts, 24/7, US agents.
2) CSP provides Return Protection, Price Protection, Trip Delay Protection, Trip cancellation Protection.
( Return Protection: allow you to return things up to $500 in first 90 days )
( Price Protection: get a refund of the price difference if you see a lower price, up to $500, first 90 days )
