Bankamericard Travel Rewards Vs Capital One Venture One
Traveling is a great way to explore the world and experience new cultures. However, traveling can be expensive, and not everyone can afford to pay for their trips out of pocket. That's where travel rewards credit cards come in. Two popular travel rewards credit cards in the United States are BankAmericard Travel Rewards and Capital One Venture One. In this article, we'll compare the two cards and help you decide which one is the best fit for you.
BankAmericard Travel Rewards
The BankAmericard Travel Rewards credit card is offered by Bank of America. The card offers 1.5 points per dollar spent on all purchases, and the points can be redeemed for travel, cash back, or gift cards. There is no annual fee for the card, and there are no foreign transaction fees.
In addition to the points earned on purchases, Bank of America offers a bonus of 25,000 points (equal to $250) when you spend $1,000 on purchases in the first 90 days of opening your account. This is a great way to jump-start your travel rewards balance.
Another benefit of the BankAmericard Travel Rewards card is that it offers a 0% introductory APR for the first 12 billing cycles on purchases and balance transfers. After the introductory period, the APR will range from 13.99% to 23.99% depending on your creditworthiness.
Capital One Venture One
The Capital One Venture One credit card is offered by Capital One. The card offers 1.25 miles per dollar spent on all purchases, and the miles can be redeemed for travel, cash back, or gift cards. There is no annual fee for the card, and there are no foreign transaction fees.
Like the BankAmericard Travel Rewards card, the Capital One Venture One offers a bonus for new cardholders. You can earn 20,000 miles (equal to $200) when you spend $1,000 on purchases in the first 3 months of opening your account. This is a great way to earn some extra miles to put towards your next trip.
In addition to the miles earned on purchases, Capital One offers a 0% introductory APR for the first 12 billing cycles on purchases. After the introductory period, the APR will range from 15.49% to 26.49% depending on your creditworthiness.
Comparison
Both credit cards offer similar rewards, but there are some differences to consider.
Firstly, the BankAmericard Travel Rewards card offers a higher rewards rate of 1.5 points per dollar spent, compared to the Capital One Venture One's rate of 1.25 miles per dollar spent. This means that you can earn more rewards with the BankAmericard Travel Rewards card.
However, the Capital One Venture One card offers a slightly higher bonus for new cardholders, with 20,000 miles compared to the BankAmericard Travel Rewards' 25,000 points. Additionally, the Capital One Venture One offers a wider range of redemption options, including travel, cash back, and gift cards.
One thing to consider is the APR. Both cards offer a 0% introductory APR for the first 12 billing cycles on purchases, but the BankAmericard Travel Rewards card also offers a 0% introductory APR for balance transfers. This could be a deciding factor if you are looking to transfer a balance from another card.
Finally, both cards have no annual fee and no foreign transaction fees, making them great options for those who travel internationally.
Conclusion
Ultimately, the decision between the BankAmericard Travel Rewards and Capital One Venture One credit cards will depend on your specific needs and spending habits. If you are looking for a higher rewards rate and a 0% introductory APR on balance transfers, the BankAmericard Travel Rewards card may be the better option for you. However, if you are looking for more redemption options and a slightly higher bonus for new cardholders, the Capital One Venture One card may be the way to go.