Home Credit Cards Capital One No, the Capital One Venture X Card is not a 'Sapphire Reserve...

No, the Capital One Venture X Card is not a ‘Sapphire Reserve killer’


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Yesterday, Capital One opened up applications for the new Capital One Venture X Credit Card, and based on the messages that I’ve been getting and articles and comments that I’ve been reading, the card is already incredibly popular. However, as great as this new card is, it’s important to keep things in perspective and while the Capital One Venture X Card is undoubtedly an excellent card, there’s one thing that it’s not. It’s not a ‘Chase Sapphire Reserve Card killer’.

The Chase Sapphire Reserve Card is on the ropes

Let’s get something very clear from the outset: The Chase Sapphire Reserve Card (review) is nowhere near as good or as valuable a card as it was when it first launched, and it has gone from being an obvious ‘must have’ card to being a card with an annual fee that a lot of people have trouble justifying.

Even I, a long-time advocate for the Sapphire Reserve, am seriously considering downgrading to the Chase Sapphire Preferred Card (review), so there’s no getting away from the fact that the Sapphire Reserve has serious issues and, in boxing parlance, is on the ropes.

None of this, however, means that any good/great/excellent/fantastic premium card that comes on to the market is automatically in a position to replace the Chase Sapphire Reserve Card in someone’s wallet.

To replace the Sapphire Reserve Card, a credit card has to be more than just good or great. It also has to cover the reason(s) why a lot of people hold the Sapphire Reserve card in the first place and I don’t think that the Capital One Venture X Card does that.

The issue

If the only reason you’re holding the Chase Sapphire Reserve Card is for benefits like the Priority Pass membership, the primary rental car coverage, or the Global Entry/TSA PreCheck credit, I can see why you may think that the Capital One Venture X Credit Card can take the place of the Sapphire Reserve in your wallet.

The Venture X Card offers all of those benefits and comes with a lower annual fee than the Sapphire Reserve Card so it makes sense to replace the latter with the former. If all you care about are the benefits I’ve already mentioned, you’d be a little foolish not to.

The issue here, however, is that a lot of people don’t hold the Chase Sapphire Reserve Card just for those benefits alone. They hold it because it earns a good number of points in popular spending categories and, crucially, the points that it earns can be converted to two loyalty programs that Capital One doesn’t partner with – United Airlines and the World of Hyatt.

In fact, no other major transferable currency has a partnership with the World of Hyatt, and only Marriott Bonvoy offers an alternative to Chase Ultimate Rewards when it comes to converting points across to United Airlines. That puts any card with good Ultimate Rewards earnings in a very strong position.

Capital One may well offer a fine selection of transfer partners (some of which it shares with Chase Ultimate Rewards)…

*Coming later in 2021

…but it doesn’t offer a domestic airline partner and it doesn’t partner with any of the most popular hotel loyalty programs (Marriott, Hilton, IHG, and Hyatt), and those are two deficiencies that shouldn’t be overlooked.

If you’re a fan of the World of Hyatt and/or United Airlines Mileage Plus, you need to hold one or more cards that will allow you to earn points/miles in those loyalty programs with relative ease and since it was first introduced, the Chase Sapphire Reserve Card has been the card to do that job.

No other single card earns World of Hyatt points or United Airlines Miles with the same ease as the Sapphire Reserve and that’s what made it one of the most popular cards around. And while the card’s sheen has definitely dulled considerably in recent months, until we see another card introduced that can replicate that job, no single card can be considered a ‘Sapphire Reserve killer’. Not even the excellent Capital One Venture X Credit Card.

Bottom line

No card can lay claim to being a replacement for the Chase Sapphire Reserve Card unless it can fulfill all the key reasons why a lot of people hold that card in the first place, and as the Capital One Venture X credit card doesn’t do that, it cannot be viewed a ‘Sapphire Reserve killer’.

The good news for those struggling to justify the Sapphire Reserve Card’s annual fee is that there is something out there that can lay claim to being a pretty good replacement. The bad news is that the Capital One Venture X Credit Card isn’t it.

A Favourite Card

The Chase Sapphire Preferred Card is Chase’s incredibly popular entry-level travel rewards card which has recently been refreshed and made better than ever.

It currently comes with a welcome offer of 60,000 points after a successful applicant spends $4,000 on purchases in the first 3 months of card membership and it charges an annual fee of $95 in return for a list of good earning rates and benefits.

Our Favorite Benefits:

  • 5 points/dollar on most travel purchased through Chase Ultimate Rewards
  • 5 points/dollar on Lyft rides through 22 March 2022
  • 3 points/dollar for spending on dining worldwide
  • 3 points/dollar for spending on select streaming services
  • 2 points/dollar for spending on travel worldwide
  • Redeem points at 1.25 cents each when booking travel through Chase Ultimate Rewards.
  • Annual $50 credit for hotels booked through Chase 
  • Primary auto rental cover
  • Trip delay reimbursement

Click for more details on the Chase Sapphire Preferred Credit Card

Regarding Comments

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser or any other advertiser. It is not the bank advertiser’s responsibility or any other advertiser’s responsibility to ensure all posts and/or questions are answered.

7 COMMENTS

  1. You could sign up for either the United or Hyatt credit card and earn more on both those programs, plus get their annual renewal reward, and then get the Venture X (and add multiple authorized users to boost your earning), and you’d end up with many more points than you would through having the Sapphire Reserve alone. And that combo of cards is cheaper than having the Sapphire Reserve, let alone the Sapphire Reserve with an authorized user.

    So while there’s an edge case for keeping Sapphire Reserve if you only want only one credit card, most if not all people that read this blog, have multiple cards. And by that measure Venture X, with a Hyatt or a United card if that’s your thing, is way better.

    • Except that if you hold the Reserve card to earn United miles and Hyatt points, your suggestion doesn’t work. The Venture X won’t earn you any United or Hyatt points (regardless of how many AUs you have) and the WoH cards and United cards are only going to earn you meaningful numbers of points when you fly with United or stay with Hyatt.

    • Even if you stay at Hyatt it earns 4x points. The same stay on Chase Sapphire is 3x BUT Chase points are transferable to other hotels and airlines. For me the flexibility is worth the extra point. For every other kind of spend Hyatt is just worse. So if you are looking to earn Hyatt points, the Hyatt card is bad. Consider also that your goal is to not spend money at Hyatts because you are trying to spend points instead. Chase cards are clearly better in this.

  2. I really like the travel insurance benefits of the reserve-trip coverage $10k etc. I’m having problems trying to find if this card gives similar benefits…?

  3. Hear, hear! CSR shines because it combines dining and travel bonuses under one card with great insurance protections. I certainly agree it’s on the ropes from where it once was, especially after the fee hike, but Venture X is not its equal.

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