Chase and Capital One are leaders within the journey rewards bank card house. In case you are in search of your subsequent journey rewards bank card, the Chase Sapphire Most well-liked® Card (see charges and charges) and the Capital One Project X Rewards Credit score Card are each nice choices to imagine.
The Sapphire Most well-liked is a mid-tier journey card, whilst the Project X is situated as a top rate card. Their annual charges mirror this positioning as smartly, with the Sapphire Most well-liked wearing a $95 annual rate and the Project X a $395 annual rate.
Having the next annual rate doesn’t suggest the Project X is mechanically the easier card, because the Sapphire Most well-liked is relatively a powerful opponent.
Each playing cards have their very own transferable foreign money that they earn and quite a lot of travel-related advantages. With the Sapphire Most well-liked, you can earn Chase Final Rewards issues, whilst you can earn Capital One miles with the Project X.
Let’s soar into the similarities and variations with those playing cards and spot which is a greater are compatible so as to add for your pockets subsequent.
Sapphire Most well-liked vs. Project X comparability
| Function | Chase Sapphire Most well-liked | Project X |
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$95 |
$395 |
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Earn 75,000 bonus issues after spending $5,000 on purchases within the first 3 months from account opening. |
Earn 100,000 bonus miles after spending $10,000 on purchases within the first six months from account opening. |
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Sapphire Most well-liked vs. Project X welcome be offering
New candidates for the Chase Sapphire Most well-liked can earn 75,000 bonus issues after you spend $5,000 on purchases within the first 3 months from account opening.
TPG’s December 2025 valuations peg the price of Final Rewards issues at 2.05 cents apiece, making this welcome be offering value $1,538.
New candidates for the Project X can earn 100,000 bonus miles after spending $10,000 on purchases within the first six months from account opening. TPG’s December 2025 valuations peg the price of Capital One miles at 1.85 cents apiece, making this be offering value $1,850.
Winner: Project X. Its present welcome bonus is value over $300 extra.
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Comparable: Highest bank card welcome provides this month
Sapphire Most well-liked vs. Project X advantages
Each playing cards be offering equivalent advantages, akin to no international transaction charges, buying groceries and journey protections, and number one condominium automotive insurance coverage.
The Sapphire Most well-liked provides cardholders:
In the meantime, advantages distinctive to the Project X come with:
Whilst the Project X’s journey credit score cannot be used outdoor Capital One Trip, it will have to nonetheless be moderately simple to make use of.
The Project X supplies superb living room get admission to by means of access to greater than 1,300 Precedence Cross lounges and Capital One’s small however mighty community of 5 lounges (4 lounges and one Capital One Touchdown).
The Project X additionally contains cell phone coverage, one thing the Sapphire Most well-liked lacks. Alternatively, the Sapphire Most well-liked has luggage lengthen insurance coverage, which the Project X does no longer be offering.
Winner: Project X. It supplies considerably extra cost with the $300 Capital One Trip credit score on bookings thru Capital One Trip, anniversary bonus miles, living room get admission to, TSA PreCheck/International Access credit score and automated elite standing, however that is to be anticipated, because it has greater than quadruple the once a year rate of the Sapphire Most well-liked.
Comparable: Why you will have to upload licensed customers at the Capital One Project X
Incomes rewards with the Sapphire Most well-liked vs. Project X
Each playing cards earn no less than 5 issues or miles consistent with buck spent on journey booked thru their respective portals; alternatively, this will not be in particular helpful to maximum, as I most often do not suggest reserving thru journey portals.
Whilst the Sapphire Most well-liked has extra bonus-earning classes, some are somewhat area of interest. It does earn 3 issues consistent with buck spent in a couple of make a choice bonus classes, together with eating, which is a robust on a regular basis bonus class, however others (like on-line grocery purchases or make a choice streaming products and services) won’t transfer the needle for everybody.
In the meantime, the Project X provides unrivaled simplicity. You’ll earn no less than 2 miles consistent with buck spent on all purchases and would possibly not have to bear in mind bonus classes
Winner: Tie. The Sapphire Most well-liked has extra bonus classes, however a few of them are lovely area of interest; the Project X supplies simplicity with its income.
Comparable: Why I like my Chase Sapphire Most well-liked Card — and can at all times stay it in my pockets
Redeeming rewards with the Sapphire Most well-liked vs. Project X
Your absolute best guess for redeeming your rewards with both card is to make use of switch companions. Alternatively, there are different redemption choices for each and every card. Each playing cards’ rewards may also be redeemed for a hard and fast cost in each and every issuer’s respective journey portal, in addition to for present playing cards and money again (regardless that the latter two choices give you the worst redemption cost).
With the Sapphire Most well-liked, your issues are value as much as 1.75 cents each and every throughout the Issues Spice up characteristic when redeemed for eligible journey booked by means of Chase Trip (see your rewards program settlement for complete main points). Whilst that is nonetheless not up to TPG’s December 2025 valuation of Final Rewards issues, this serves as a cast backup redemption choice if you are having hassle discovering award availability.
With the Project X, you’ll redeem miles at a constant fee of one cent consistent with mile for all travel-related purchases made for your card or for journey booked thru Capital One Trip.
Winner: Sapphire Most well-liked. When redeeming issues thru Chase Trip, issues are value as much as 1.75 cents each and every, while redeeming miles by means of Capital One Trip or for journey purchases are most effective value 1 cent each and every.
Comparable: Chase Sapphire Most well-liked advantages: The whole lot you wish to have to understand
Shifting rewards with the Sapphire Most well-liked vs. Project X
Shifting rewards you earn from both card supplies most redemption cost.
With the Sapphire Most well-liked, you can have get admission to to Chase’s 13 airline and lodge companions. All companions switch at a 1:1 ratio.
I generally switch my Final Rewards issues to International of Hyatt, as this system nonetheless makes use of a fixed-price award chart and gives me with exceptional cost when touring to fashionable locations right through height or busy seasons.
Just lately, I transferred 6,000 Final Rewards issues to Hyatt for a short lived in a single day keep on the Hyatt Position Amsterdam Airport, which might have value me over $200.
With Capital One, you can have get admission to to 15-plus airline and lodge companions. Alternatively, no longer all companions (like EVA Airlines) switch at a 1:1 ratio. Chase does one-up Capital One on this space, because it has two U.S. airline companions, Southwest Airways and United Airways; Capital One has only one with JetBlue.
That mentioned, each techniques do have airline companions in each and every of the 3 primary alliances: Oneworld, SkyTeam and Big name Alliance, each and every of which you’ll additionally use to e-book home flights.
Augusta Stone, a bank cards author at TPG, not too long ago transferred 15,000 Capital One miles to Air France-KLM Flying Blue to e-book two one-way home Delta Air Strains flights.
Winner: Sapphire Most well-liked. In spite of Capital One having extra switch companions, Chase quite takes the brink, because it has Hyatt as a lodge spouse and two home airline companions, and all of its switch ratios are at a 1:1 fee.
Comparable: Find out how to redeem Chase Final Rewards issues for optimum cost
Will have to I am getting the Sapphire Most well-liked or Project X?
Should you favor cast journey protections for a decrease annual rate and extra U.S. airline switch companions, then the mid-tier Sapphire Most well-liked is tips on how to cross. Alternatively, if you are after a top rate card with perks like living room get admission to, commentary credit and extra intensive journey protections, then I like to recommend choosing the Project X.
Comparable: Why Capital One Project X gained the TPG Award for Highest Top rate Trip Credit score Card
Base line
The Chase Sapphire Most well-liked and Capital One Project X Rewards Credit score Card each ship superb journey cost, however they serve several types of vacationers.
The Project X provides oversized top rate perks like lounges, anniversary miles and easy incomes, making it the easier are compatible for common flyers who will reliably use the ones advantages and simply offset the upper annual rate.
Alternatively, the Sapphire Most well-liked stays one of the most absolute best mid-tier playing cards available on the market. Its robust journey protections, versatile Chase Trip redemptions and get admission to to high-value companions like Hyatt make it a powerhouse at a few quarter of the Project X’s annual rate.
If you wish to have top rate perks and are relaxed paying for them, make a choice Project X. Should you favor a decrease annual rate with superb cost and top-tier switch companions, the Sapphire Most well-liked is tricky to overcome. Relying for your journey patterns, both card (and even each) generally is a strategic addition for your pockets.
To be told extra, learn our complete critiques of the Chase Sapphire Most well-liked and the Capital One Project X.
Follow right here: Chase Sapphire Most well-liked Card
Be informed extra: Capital One Project X Rewards Credit score Card
For Capital One merchandise indexed in this web page, one of the most advantages is also equipped via Visa® or Mastercard® and would possibly range via product. See the respective Information to Advantages for main points, as phrases and exclusions practice.
*Upon enrollment, available throughout the Capital One web page or cell app, eligible cardholders will stay at that standing stage throughout the period of the be offering. Please word, enrolling throughout the commonplace Hertz Gold Plus Rewards enrollment procedure (e.g., at hertz.com) won’t mechanically discover a cardholder as being eligible for this system, and cardholders might not be mechanically upgraded to the acceptable standing tier. Further phrases practice.
