The Chase Sapphire Preferred® Card and the Capital One Venture Credit Card both have made a few waves in the ocean of rewards credit cards recently. Both earn flexible points, have comparable annual fees and charge no foreign transaction fees.

However, are these two cards really that similar? Let’s go over their differences and similarities to help you decide which choice suits your needs best.

Chase Sapphire Preferred® CardCapital One Venture Credit Card5X points on travel booked through the Chase Travel℠3X Ultimate Rewards points on restaurants, streaming services, and online groceries (excluding Target, Walmart, and wholesale clubs).

Yesterday Chase made it harder to get repeat bonuses on the Chase Sapphire Reserve® and the Chase Sapphire Preferred® Card by changing the terms and conditions of the card offers. Previously, you were only eligible to earn the bonus on a Sapphire family card 24 months after you earned the bonus on a previous one.

You now have to wait four years instead of two between Sapphire cards to get a new member bonus.