The bottom line: With a big sign-up bonus, elevated rewards on travel and dining, hundreds of dollars in annual credits and other perks, this card is a good choice for frequent travelers.
Pros & Cons
- High rewards rate
- Luxury perks
- Premium travel protections
- Transfer partners
- Primary rental car coverage
- High annual fee
- Requires excellent credit
Alternate Pick: Simpler rewards, lower annual fee
Capital One Venture Rewards Credit Card
Earn 2 miles per $1 spent on anything
No appetite for actively managing your credit card travel rewards? This card gives you a flat 2 miles per dollar spent on every purchase. Redeem miles to "erase" any travel purchase at a penny per mile. There's a great sign-up bonus, and the annual fee is $95.
Compare to Other Cards
16.99% - 23.99% Variable APR
15.99% - 22.99% Variable APR
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For avid travelers, the is a good deal — even with its $550 annual fee.
Thanks to features such as an annual $300 travel credit, as well as bonus rewards that can be transferred at a 1:1 ratio to several loyalty programs, it stands out as one of the best premium travel cards available. For a limited time, it's also offering perks for the meal delivery platform DoorDash and the rideshare platform Lyft, which might sweeten the deal if you use those services.
However, to earn the card’s highest rewards rate, you’ll have to make purchases through the Chase Ultimate Rewards® portal, which can be limiting. And while the card offers excellent overall value for those who spend heavily on travel and dining, if you can't take advantage of its more niche benefits, a different travel card could be a better fit.
Card type: .
Sign-up bonus: .
Annual fee: .
Foreign transaction fees: None.
earned on this card are worth 1.5 cents each when redeemed for travel booked through Chase. Cardholders can also get more value per point by transferring them to Chase's airline and hotel partners.
Otherwise, points are worth less when redeemed for cash back, gift cards and merchandise.
The features the following generous sign-up bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards® — enough in many cases to cover an international round-trip flight.
To find out whether you pre-qualify for this card, check out
Holders of the can earn the following:
Travel and dining-related purchases made through the Chase Ultimate Rewards® portal will get you the highest rewards rates, which are lucrative for those who spend heavily in those categories.
And even for travel and dining purchases not made through the issuer, cardholders will still earn bonus rewards.
Plus, if you redeem those points through Chase for travel, they are worth an elevated 1.5 cents, which gives the card an impressive 4.5% effective rewards rate in those popular categories. That's a boon for folks who spend plenty in these areas — in the U.S. and worldwide as well.
Additionally, through March 2022, you can earn a total of 10 points per $1 spent on Lyft (7 points per dollar on Lyft plus 3 points per dollar on travel). That’s one of the highest earn rates you’ll find for ridesharing purchases on any credit card.
While many premium cards offer airline fee credits for baggage fees and other select purchases, the travel credit of up to $300 on the covers a , including taxi rides, campground fees and train fares.
Because this credit is applied automatically, taking advantage of it is effortless. Use this card to pay for a $20 Uber ride and — poof! — that travel credit is applied to your credit card statement right away.
With the , your next layover could be spent in an exclusive lounge with a complimentary cocktail in hand. The card comes with Priority Pass Select membership, with access to over 1,000 airport lounges internationally and meal credits at
With the card's TSA PreCheck or Global Entry reimbursement, you can also speed through security and get to those swanky lounges a little sooner. The card offers reimbursement for the application fee for TSA PreCheck ($85) or Global Entry ($100) once every four years.
With the , you can move points to several other loyalty programs at a 1:1 ratio. Transferring points and redeeming them strategically can be incredibly lucrative. For example, say you turn 50,000 Chase Ultimate Rewards® points into 50,000 United miles, then redeem those miles for a flight that would have otherwise cost $2,000. Taxes and fees aside, you would be getting 4 cents per point, an outstanding value.
Here are Chase’s transfer partners:
Like a handful of other Chase cards, the earns Ultimate Rewards® points. That means if you already have another card in the Ultimate Rewards® family, you can generally transfer points to your , potentially allowing you to get more value on the points earned.
Say you already have the , which earns a minimum of 1.5% cash back on purchases, but lacks 1:1 transfer partners and bonuses when redeeming for travel through Chase. When you log on to your Chase account, you have the option of moving the rewards earned on that card to your , where you can then transfer them to partners or book travel for 1.5 cents per point. That could effectively boost your rewards rate on the to 2.25% or more.
If you're looking at the , you might also have your eye on its lower-cost sibling, the . That card has an annual fee of , but it lacks the same rich benefits.
Which card is the better deal for you depends on your spending. For frequent travelers, the offers far more long-term value. The is a better choice for those who don’t plan on using so many perks but still want a large sign-up bonus and elevated point values.
For a more thorough breakdown of the differences, read Here's how they stack up at a glance:
Although the offers competitive earn rates for dining and travel spending, you’ll be able to get the highest rewards rate only if you make purchases through the Chase portal. This can significantly limit your options.
For example, restaurants available to you through the Chase Dining portal will depend on your location. This means that cardholders based in larger cities like New York, for instance, will have more options available to them than those based in smaller areas.
Similarly, to earn the card's 10x and 5x rate for travel-related spending, you’ll have to book through the Chase Ultimate Rewards® travel portal, which can prove limiting compared with buying flights or renting cars directly, for example.
Moreover, if you're not an avid spender in either of the card’s bonus categories, travel and dining, you won’t get much use out of the card. Another that offers more diverse and flexible rewards options would be a better fit.
The offers major DoorDash and Lyft perks. You'll get a $60 DoorDash credit for 2021 and a for at least one year upon activation, which means you won't have to pay delivery fees on DoorDash deliveries over $12 (although service fees and other fees apply). The card also gets you an impressive 10 points per dollar spent on Lyft through March 2022 (7 points per dollar spent at Lyft plus 3 points per dollar spent on travel) and one year of Lyft Pink membership upon activation, which gets you up to 15% off car rides, relaxed cancellations, priority airport pickups, and up to three 30-minute bike and scooter rides per month.
Of course, to get any real value from these perks, you have to actually use these services. And if you live in a more rural area where these services aren't available, that might be impossible.
For greater versatility, consider the instead. For a significantly lower annual fee, it comes with up to $100 a year in statement credit for airline incidentals, which can be used to cover a range of expenses, such as baggage fees, select lounge fees or seat upgrades, for example. It earns 2 points for every dollar spent on travel and dining purchases and an unlimited 1.5 points per dollar spent on all other purchases. Plus, you'll receive 2 points per dollar on grocery store spending now through Dec. 31, 2021. Like the , it offers up to $100 in statement credit for a Global Entry or TSA PreCheck application. It also comes with a robust sign-up bonus.
If your go-to airport doesn’t have a Priority Pass lounge, you'll be missing out on a key benefit of the . A better option might be .
With an annual fee more or less comparable to that on the , this card comes with much broader airport lounge coverage, along with plenty of other top-tier benefits. In addition to giving cardholders Priority Pass Select coverage (once you enroll), the card also offers access to several other lounge networks, including AmEx's own Centurion lounges and Delta Sky Clubs (for folks flying with Delta on the same day). Keep in mind, however, that the Priority Pass Select coverage on this card no longer includes credits to select airport restaurants, unlike the . The card also offers several other premium benefits and statement credits, including up to $200 in Uber Cash, which can be used toward free Uber rides in the U.S. (up to $15 each month, plus a bonus $20 in December). Plus, it comes with a big welcome offer.
If the fee on the is too rich for your blood — even with all of its big perks — look to the less-expensive instead.
As mentioned earlier, the has an annual fee of . It has the same 1:1 transfer partners as the and a similarly robust sign-up bonus: Although it lacks the most attention-grabbing perks, such as the $300 travel credit, it's ideal for folks looking for a versatile travel card with a lower price. Check out NerdWallet's to see how these cards stack up.
Spending a year on a credit card is a big deal — and probably isn’t worth it in this case if you’re not a frequent traveler. But if you fly often and can take advantage of the card's many perks, the is worth every penny.
To view rates and fees of the , please visit .
on Chase's website
Frequently asked questions
The 10 earns points per dollar spent on Chase Dining purchases through Ultimate Rewards®, 10 points per dollar spent on hotel stays and car rentals purchased through Ultimate Rewards®, 5 points per dollar spent on air travel purchased through Ultimate Rewards®; 3 points per dollar on dining and travel not booked through Chase and 1 point per dollar everywhere else. But rewards alone aren't enough to justify the hefty annual fee. The card comes with an array of travel perks that can significantly reduce the cost of carrying it.
For its higher fee (, versus for the ), the earns richer bonus rewards, provides more perks and protections (travel credits, airport lounge access and more) and gives you a higher point value when you redeem for travel (1.5 cents apiece versus 1.25 cents). Both cards offer the option of transferring points to about a dozen airline and hotel loyalty programs.
If you’ll use the travel perks — like the $300 annual travel credit and lounge access — and maximize the way you earn and redeem points, the . If you don’t travel much, you're better off with a different card.
You’ll need excellent credit to qualify for this card. That generally means a score of 720 or better, but credit scores alone do not guarantee approval. Your income and other factors will also be considered.
When you pay for your rental car with the , you’ll get up to $75,000. The card also offers trip delay/cancellation insurance, lost luggage reimbursement and emergency medical evacuation.
You can transfer Ultimate Rewards® points earned on the to , including United Airlines, Southwest Airlines, JetBlue, Marriott, Hyatt and IHG.
Chase issues some of the better rewards credit cards on the market, including outstanding options in travel, cash-back and small-business cards. .