# Are Chase and Capital One Affiliated?
No — Chase and Capital One are not affiliated in any way. They are entirely separate, competing companies. Chase credit cards and bank accounts are issued by JPMorgan Chase Bank, N.A. Capital One products are issued by Capital One, N.A. — a completely different company with different ownership, different leadership, and different reward programs.
Direct Answer: No Common Ownership
| Chase | Capital One | |
|---|---|---|
| Owned by | JPMorgan Chase & Co. (NYSE: JPM) | Capital One Financial Corporation (NYSE: COF) |
| Type | Division of the largest US bank | Independent publicly traded company |
| Founded | 1799 (Bank of Manhattan Company) | 1994 |
| Assets (2025) | ~$3.9 trillion | ~$480 billion |
| CEO | Jamie Dimon | Richard Fairbank |
| Headquarters | New York, NY | McLean, VA |
Neither company has any ownership stake in the other. They're direct competitors — both vying for the same credit card customers, checking account holders, and savings account balances.
Why People Think They're Related
A few things create this false impression:
1. They show up side-by-side in every credit card comparison
Chase Sapphire Reserve vs. Capital One Venture X. Chase Freedom vs. Capital One Quicksilver. Because they compete head-to-head across the same card tiers, readers often see them in the same sentence hundreds of times.
2. Similar product structures
Both offer tiered rewards ecosystems (Chase Ultimate Rewards vs. Capital One Miles), travel portal redemptions, and transfer partner programs. The structures are similar because they're competing for the same customers — not because they share any infrastructure.
3. Both are "big four" adjacent
While Capital One isn't technically one of the "big four" US banks (that's JPMorgan, BofA, Wells Fargo, Citibank), it's large and well-known enough to be lumped in.
4. Customer service confusion
Customers who hold cards at both banks occasionally mix up the 800 numbers or apps, reinforcing a mental connection that isn't there.
Who Owns Chase?
Chase is the consumer and commercial banking brand of JPMorgan Chase & Co. — the largest bank in the United States by assets (~$3.9 trillion as of 2025).
The corporate history behind the "JPMorgan Chase" name:
- Chase Manhattan Bank and J.P. Morgan & Co. merged in 2000
- Bank One (including First Chicago) was acquired in 2004
- Washington Mutual was acquired during the 2008 financial crisis
Today, "Chase" is used for retail banking and credit cards. "J.P. Morgan" is used for investment banking and wealth management. Both are under JPMorgan Chase & Co.
Who Owns Capital One?
Capital One Financial Corporation is an independent, publicly traded company (NYSE: COF). It was founded in 1994 by Richard Fairbank and Nigel Morris, originally as a credit card division of Signet Banking Corporation — which they later spun out.
Capital One pioneered data-driven credit card marketing and has grown to become the 10th-largest US bank by assets. It is not a subsidiary of any larger financial institution.
One thing to note: As of 2024, Capital One has a pending acquisition of Discover Financial Services, which would add Discover's payment network and card portfolio. Even if completed, this would make Capital One larger and more independent — not acquired by or affiliated with Chase.
Do Chase and Capital One Share Any Features?
No. They are entirely separate issuers. That means:
- Points don't transfer: Chase Ultimate Rewards and Capital One Miles are different programs. You can't combine or move points between them.
- No shared credit inquiries: Having a Chase card doesn't affect your relationship with Capital One beyond the standard credit bureau reporting
- No shared apps or portals: Chase.com and CapitalOne.com are completely separate platforms
- No shared customer service: Calling one won't help you with the other
Chase vs Capital One: Quick Comparison
Since most people asking this question are trying to decide between the two:
Credit Cards
| Chase | Capital One | |
|---|---|---|
| Best travel card | Sapphire Reserve (3x travel, extensive partners) | Venture X (2x on everything, solid partners) |
| Best flat-rate cash back | Freedom Unlimited (1.5%) | Quicksilver (1.5%) |
| Transfer partners | United, Hyatt, Southwest, British Airways, Marriott | Air Canada, Turkish Airlines, TAP, Flying Blue |
| Signup bonuses | Typically 60,000–90,000 points | Typically 60,000–100,000 miles |
Chase wins for: Hyatt hotels, United Airlines, complex point optimization
Capital One wins for: Simplicity, international transfer partners, beginner-friendly cards
Banking
| Chase | Capital One | |
|---|---|---|
| Checking fee | Monthly fee (waivable with direct deposit) | No fee, no minimum |
| Savings APY | ~0.01% standard | ~4.35% (360 Performance Savings) |
| Branch access | 4,700+ branches | ~300 locations (Capital One Cafés) |
| ATM network | 15,000+ Chase ATMs | 70,000+ fee-free ATMs (Allpoint + MoneyPass) |
Chase wins for: If you need in-person branch access regularly
Capital One wins for: High-yield savings, no-fee banking, more ATMs
FAQ
Can I transfer points between Chase and Capital One?
No. Chase Ultimate Rewards and Capital One Miles are completely separate programs with no cross-transfer capability.
Did Capital One acquire Chase (or vice versa)?
No. There has been no acquisition between these companies, and no such deal is pending.
Is J.P. Morgan the same as Capital One?
No. J.P. Morgan is the wealth management and investment banking brand of JPMorgan Chase & Co. — the same parent that owns Chase consumer banking. Capital One is an entirely separate company.
Can I have accounts at both Chase and Capital One?
Yes. Many people hold accounts at both — for example, a Chase checking account for everyday use and a Capital One 360 Performance Savings account for its higher APY.
Bottom Line
Chase and Capital One are not affiliated. They are independent, competing banks with different ownership, different reward programs, and no shared systems. If you're choosing between them: Chase is stronger for travel rewards through its Ultimate Rewards ecosystem and branch access; Capital One is stronger for fee-free banking and higher savings rates.
For a full side-by-side breakdown of both banks — credit cards, savings rates, and which is better for your situation — see our Capital One vs Chase comparison.
Related Comparisons
Get the best comparisons in your inbox
Weekly digest of trending comparisons, new categories, and expert insights. No spam.
Join 1,000+ readers. Unsubscribe anytime.