Both the Capital One Venture Rewards agenda and the Chase Freedom agenda are above players in the rewards acclaim agenda space. They both action cardholders value, but are additionally appreciably different. The Capital One Venture agenda offers adjustable rewards that can be acclimated on travel, while the Chase Freedom agenda is primarily a cash-back card.
Comparing the Rewards Programs
When you assurance up for the Chase Freedom card, you accept a $150 benefit afterwards spending $500 in the aboriginal three months. You can additionally acquire an added $25 if you add an accustomed user who makes a acquirement aural the aforementioned three-month period. Anniversary division you can acquire 5% banknote back, on up to $1,500 aural altered alternating categories. One quarter the class could be gas stations and administration food while the aing division it could be grocery food and accessible transportation. All added purchases acquire 1% back.
In contrast, you acquire 40,000 afar afterwards signing up and spending $3,000 in the aboriginal three months with the Capital One Venture Rewards card. You additionally accept an absolute two afar per dollar on every acquirement you make. There are no benefit categories to bethink because you accept the aforementioned amount on anniversary purchase.
Redeeming Your Rewards
Redemptions can be done in a brace of agency aback you accept the Chase Freedom card. You can accept a anniversary acclaim or absolute drop into a blockage or accumulation account. You can additionally use your rewards to boutique on Amazon.com or to book biking through Chase Ultimate Rewards. You can additionally redeem rewards for allowance cards. Addition accepted advantage is to alteration rewards into Chase Ultimate Reward points. This can alone be done if you additionally accept addition agenda that earns Ultimate Reward points, like the Chase Sapphire Preferred, Sapphire Reserve or a business agenda like the Ink Preferred. Once you accept Ultimate Reward points, these can be transferred to altered adherence ally like Hyatt, United Airlines, Southwest Airlines and more. (You can apprehend added about redeeming Chase Ultimate Rewards credibility here.)
Redeeming your afar from the Capital One Venture Rewards agenda is simple. Anniversary mile you acquire is account one cent. That agency the signup benefit would accept a amount of $400. The afar you acquire can be cashed out as a anniversary acclaim against any biking amount authoritative this a absolutely simple, aboveboard system.
Chase offers amount protection, which will antithesis you if the amount on an account you acquirement abatement aural 120 days. You additionally accept an continued assurance on your purchases from both cards.
Because the Capital One Venture Rewards agenda is a Visa Signature card, you additionally accept added allowances like car rental insurance, absent baggage reimbursement, and 24/7 babysitter account both at home and aback you are traveling. Aback you use your agenda to book auberge rooms, you can accept adulatory allowance upgrades and added auberge savings.
How the Fees Stack Up
One of the best genitalia of the Chase Freedom agenda is that you accept these rewards and allowances afterwards advantageous an anniversary fee. The agenda additionally has an anterior 0% APR for 15 months on purchases and antithesis transfers. Afterwards the anterior aeon ends the amount changes to a capricious 15.74% to 24.74%. If you plan on traveling alfresco of the United States, there will be a 3% adopted transaction fee.
With the Capital One Venture Rewards card, you will not pay an anniversary fee the aboriginal year. However, anniversary consecutive year there will be a fee of $59. You additionally will not accept an anterior 0% APR period. The accepted amount on purchases is a capricious 13.74%, 18.74 or 23.74%, depending on creditworthiness. There are no adopted transaction fees.
Why You Might Choose the Chase Freedom Card
The Chase Freedom agenda has been one of the best cash-back cards for a continued time. Earning up to 5% aback is an adorable feature. Because there is some assignment involved, this agenda is absolute for anyone that doesn’t apperception befitting clue of benefit categories. Chase additionally requires cardholders to opt into the benefit categories anniversary quarter, which agency you charge be proactive. However, if you are adorable for a agenda that offers acceptable banknote aback and no anniversary fee, you can’t go amiss with the Chase Freedom card.
Why You Might Accept the Capital One Venture Rewards Card
Anyone adorable for a biking rewards acclaim card, but doesn’t accept the time or admiration to accumulate clue of spending aural categories, will adulation the Capital One Venture Reward card. Not alone will you acquire a acceptable signup bonus, but you additionally acquire collapsed amount rewards on every purchase. It can’t get abundant simpler. Though you will accept an anniversary fee of $59 afterwards the aboriginal year, the agenda is absolute for anyone who travels internationally because there are no adopted transaction fees.
Before You Apply …
Regardless of the agenda you choose, be abiding to analysis your acclaim afore applying. You may be alone if your acclaim array aren’t acceptable abundant for you to qualify. You can get two chargeless acclaim array and a acclaim snapshot at Credit.com to accumulate clue of how you’re doing.
Note: It’s important to bethink that absorption rates, fees and agreement for acclaim cards, loans and added banking accessories frequently change. As a result, rates, fees and agreement for acclaim cards, loans and added banking accessories cited in these accessories may accept afflicted back the date of publication. Please be abiding to verify accepted rates, fees and agreement with acclaim agenda issuers, banks or added banking institutions directly.
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