Chase Final Rewards factors or Capital One miles: Which camp are you in? Every transferable foreign money offers a large suite of switch companions and spectacular journey portal charges, delivering outsize worth.
In keeping with TPG’s September 2025 valuations, the competitors is shut, with Chase Final Rewards factors being value 2.05 cents every and Capital One miles value 1.85 cents every.
Simply as spectacular are the journey rewards bank cards related to every foreign money. Though I am biased towards Chase as a decadelong buyer, Capital One and its rewards program are one thing I can now not ignore with all its current enhancements.
Let’s study their variations intimately that can assist you decide which is the most effective foreign money for you.
Capital One miles vs. Chase Final Rewards factors comparability
| Capital One | Chase | |
|---|---|---|
| Bonus-earning classes* |
Choose Capital One Journey purchases: As much as 10 miles per greenback spent All different purchases: As much as 2 miles per greenback spent |
Chase Journey℠ purchases: As much as 8 factors per greenback spent
Direct airline and resort purchases: As much as 4 factors per greenback spent All different journey: As much as 3 factors per greenback spent Eating: As much as 3 factors per greenback spent On-line grocery purchases: As much as 3 factors per greenback spent Lyft: As much as 5 factors per greenback spent (by means of Sept. 30, 2027) Choose enterprise bills: As much as 3 factors per greenback spent Choose streaming providers: As much as 3 factors per greenback spent |
| Journey portal redemption | 1 cent per mile | As much as 2 cents per level |
| Variety of playing cards incomes transferable rewards | Seven | 4 |
| Switch companions | 15-plus | 14 (decreasing to 13 on Oct. 16) |
*Choose classes could also be topic to spending caps, relying on the cardboard. Examine your card’s information to advantages for extra info.
Which foreign money has the most effective switch companions?
Capital One miles
Capital One miles switch to 15-plus airline and resort applications. Sadly, not all transfers are at a 1:1 ratio.
Present Capital One airline switch companions embody:
Capital One’s resort switch companions embody:
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Chase Final Rewards
Chase Final Rewards factors switch 1:1 to 11 airline applications:
Chase additionally companions with three resort applications at a ratio of 1:1:
You will have to find out which issuer’s program appeals to you primarily based in your journey habits and your favourite airline or resort loyalty applications.
Though Capital One might have extra switch companions, a number of the loyalty applications, corresponding to Aeromexico Rewards and EVA Air Infinity MileageLands, are fairly area of interest and more durable to make use of.
Then again, Chase and Capital One have some overlapping companions, which implies you’ll be able to’t go flawed when you’re a fan of a kind of shared applications.
For instance, when you typically fly United Airways, you possibly can switch both foreign money to Air Canada Aeroplan and e-book United flights. Nevertheless, United’s personal MileagePlus program solely companions with Chase and never Capital One; subsequently, United loyalists might want incomes Chase Final Rewards factors.
A few of my favourite loyalty applications throughout each issuers embody Air Canada Aeroplan, Air France-KLM Flying Blue, JetBlue TrueBlue and Singapore Airways KrisFlyer.
Chase is the clear winner for followers of huge resort manufacturers, particularly with Hyatt as a switch associate with its spectacular award chart and rising portfolio. Capital One miles-earning playing cards may be nice for price range vacationers, due to companions like Selection Privileges and Wyndham Rewards and their candy spot redemptions.
TPG Lead Author Katie Genter prefers to redeem her Wyndham factors for nights that price 7,500 factors (though she solely pays 6,750 factors after her Wyndham cardholder low cost). She not too long ago redeemed 6,750 factors per evening for stays at Tryp by Wyndham Sao Paulo Paulista Paraiso in Brazil and Ramada Encore by Wyndham Busan Station in South Korea.
Now that we have damaged down every issuer’s switch companions, it is time to see which currencies have probably the most compelling welcome provides.
Associated: Find out how to redeem Chase Final Rewards factors for optimum worth
Which foreign money has the most effective welcome provides?
Capital One miles
Capital One provides many bank cards, however solely the next earn bonus miles as a part of a welcome supply:
- Capital One Enterprise X Enterprise: Earn 150,000 bonus miles after spending $30,000 within the first three months from account opening.
- Capital One Enterprise X Rewards Credit score Card: Earn 75,000 bonus miles after spending $4,000 on purchases within the first three months from account opening.
- Capital One Enterprise Rewards Credit score Card: Earn 75,000 bonus miles after spending $4,000 on purchases inside the first three months from account opening.
- Capital One VentureOne Rewards Credit score Card: Obtain a $100 credit score for Capital One Journey purchases to make use of in your first cardholder 12 months. Plus, earn 20,000 bonus miles after spending $500 on purchases inside three months from account opening.
- Capital One Spark Miles for Enterprise: Earn 50,000 bonus miles after spending $4,500 on purchases inside the first three months from account opening.
The Capital One VentureOne Rewards for Good Credit score earns Capital One miles, however sadly doesn’t give new cardholders a welcome supply.
Though these welcome provides are excessive, all of them apart from the Enterprise X Enterprise’ do not break the standard 100,000-point bonus threshold that we have been seeing not too long ago with different issuers.
Associated: The perfect time to use for these widespread Capital One bank cards primarily based on supply historical past
Chase Final Rewards
Chase has 4 playing cards that earn transferable Final Rewards factors, all of which have beneficiant welcome bonuses:
The knowledge for the Ink Enterprise Most popular has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
Your odds of approval depend upon Chase’s 5/24 rule. For those who plan on making use of for a number of playing cards, think about making use of for a Chase card first. Chase has traditionally had greater welcome provides extra typically than Capital One, making it an attractive selection for individuals who need to earn a big sum of Final Rewards factors.
Associated: Chase bank cards: Greatest time to use primarily based on supply historical past
Which foreign money has the most effective bonus classes?
Incomes a welcome bonus is nice, however the way you earn long-term issues extra. The sooner and simpler you’ll be able to earn bonus rewards, the extra helpful a program turns into. Listed below are some highlights of bonus classes you could find with every issuer:
You probably have a card that earns transferable Capital One miles, you’ll be able to convert money again out of your different playing cards into transferable miles. That is helpful as a result of it means that you can earn throughout extra bonus classes.
For instance, when you even have the Capital One Savor Money Rewards Credit score Card, you’ll be able to earn money again within the following extra classes:
- Earn 8% money again on Capital One Leisure purchases
- Earn 3% money again on eating, leisure, grocery shops (excluding superstores like Walmart® and Goal®) and widespread streaming providers
For those who pair an eligible cash-back card from Chase with an Final Rewards points-earning card, you’ll be able to convert that card’s cash-back rewards to Final Rewards factors as effectively.
Nice choices for Chase cash-back playing cards that may get pleasure from this profit embody the Chase Freedom Limitless® (see charges and costs), Chase Freedom Flex® (see charges and costs) and Ink Enterprise Money® Credit score Card (see charges and costs).
Associated: Evaluating flat-rate with bonus-category cash-back bank cards
Which foreign money has the most effective redemption choices?
Transferring to associate airline or resort applications is vital to getting most worth for Capital One miles and Chase Final Rewards factors.
By transferring my Chase Final Rewards factors to an airline and reserving a business-class flight, I’ve acquired as much as 11 cents per level in worth.
If transferring rewards appears like an excessive amount of work, each issuers supply different methods to redeem. Sadly, there’s much less worth in these different choices.
Capital One miles
Redeem Capital One miles on the following charges:
- Capital One’s journey reserving web site: 1 cent per mile
- Reward playing cards: 1 cent per mile
- Amazon or PayPal purchases: 0.8 cents per mile
- Money again: 0.5 cents per mile
Goal to switch miles to companions for the most effective worth; in any other case, the second-best redemption choice is reserving journey by way of Capital One’s journey reserving web site. The opposite redemption choices are helpful for some cardholders, however you are throwing away your hard-earned miles with lackluster charges.
TPG Credit score Playing cards Author Chris Nelson not too long ago selected money again within the type of a press release credit score on a Capital One card to assist offset journey bills he incurred.
Chase Final Rewards factors
Chase’s redemption choices are extra profitable than Capital One’s. Along with redeeming factors for reward playing cards, assertion credit or with retailers like Apple, you’ll be able to redeem your factors for Chase Journey bookings.
The Factors Increase characteristic on choose playing cards allows cardholders to redeem for as much as 2 cents per level with choose airways and inns by means of Chase Journey.
Eligible playing cards embody:
| Card | Worth for current cardholders who utilized earlier than June 23 | Worth for cardholders who utilized on or after June 23 |
|---|---|---|
| Sapphire Reserve
Sapphire Reserve for Enterprise |
Factors Increase: As much as 2 cents per level on choose inns and flights with choose airways
1.5 cents per level on all different Chase Journey purchases (on factors earned previous to Oct. 26, 2025, and redeemed till Oct. 26, 2027, then 1 cent per level thereafter)
|
Factors Increase: As much as 2 cents per level on choose inns and flights with choose airways
1 cent per level on different eligible Chase Journey purchases |
| Sapphire Most popular
Ink Enterprise Most popular |
Factors Increase: As much as 1.5 cents per level on choose inns and as much as 1.75 cents on flights with choose airways
1.25 cents per level on all different Chase Journey purchases (on factors earned previous to Oct. 26, 2025, and redeemed till Oct. 26, 2027, then 1 cent thereafter) |
Factors Increase: As much as 1.5 cents per level on choose inns and as much as 1.75 cents per level on flights with choose airways
1 cent per level on different eligible Chase Journey purchases |
Not all airways are eligible for Factors Increase, and cardholders of both Sapphire Reserve card can redeem Chase Final Rewards factors for two cents apiece in any respect The Edit by Chase Journey properties.
I not too long ago redeemed 27,077 factors for a two-night keep on the 4 Seasons Resort Cairo at Nile Plaza, giving me nice worth for a high property.
Chase-issued playing cards are the clear winner when you’re contemplating redemptions exterior of transferring factors.
Associated: Chase boosts Sapphire Reserve resort perks with new and improved credit
Backside line
You may’t go flawed with both issuer’s rewards program. Each issuers present varied ranges of journey playing cards to suit the wants of everybody, from the rare traveler to the worldwide jet-setter.
Capital One miles may be simply earned as a result of their playing cards supply easy incomes charges, together with the fan-favorite 2 miles per greenback spent on all nonbonus spending.
Past transferring to airline and resort companions, Chase Final Rewards provides robust redemption choices by way of Chase Journey.
Whichever program you decide to, think about how one can maximize bonus classes to earn sooner and decide which switch companions finest suit your wants.
On the finish of the day, you possibly can all the time open playing cards that earn each transferable currencies.
Associated: Amex Membership Rewards vs. Chase Final Rewards factors: Which is finest?
