Capital One Quicksilver Vs Bank Of America Travel Rewards
If you are looking for a credit card that gives you rewards on your purchases and has no annual fee, then you might want to consider the Capital One Quicksilver and the Bank of America Travel Rewards cards. These cards are great for people looking to earn cash back or points on their spending, but they have some important differences that you need to know before making a decision.
Capital One Quicksilver
The Capital One Quicksilver card is a cash back card that offers a flat rate of 1.5% cash back on all purchases. There are no limits on how much cash back you can earn, and the rewards never expire as long as your account is open. In addition, the card has a sign-up bonus of $100 after you spend $500 within the first 3 months of account opening.
The Quicksilver card also has some other benefits, such as no foreign transaction fees and 0% intro APR on purchases for the first 15 months. After that, the APR is 15.49% - 25.49% variable based on your creditworthiness.
The card also has some other features that you might find useful, such as auto rental collision damage waiver, travel accident insurance, and extended warranty coverage.
Bank of America Travel Rewards
The Bank of America Travel Rewards card, as the name suggests, is a travel rewards card that earns points on your purchases. The card earns 1.5 points per dollar spent on all purchases, and the points can be redeemed for travel expenses such as flights, hotels, and car rentals.
The card has no annual fee, and there are no limits on how many points you can earn. In addition, the card has a sign-up bonus of 25,000 points, which is worth $250 in travel statement credit, after you spend $1,000 within the first 90 days of account opening.
The Bank of America Travel Rewards card also has some other benefits, such as no foreign transaction fees, chip technology for enhanced security, and an intro APR of 0% on purchases for the first 12 billing cycles. After that, the APR is 15.49% - 23.49% variable based on your creditworthiness.
Comparison
Both the Capital One Quicksilver and the Bank of America Travel Rewards cards have some great benefits, but they are better suited for different types of people. Here are some factors that you should consider when deciding which card is right for you:
- Rewards: Do you want cash back or travel rewards? The Capital One Quicksilver card is better for people who want cash back, while the Bank of America Travel Rewards card is better for people who want to earn points for travel expenses.
- Sign-up bonus: How much do you spend in the first few months of having the card? The Capital One Quicksilver card has a lower spending requirement but a smaller bonus, while the Bank of America Travel Rewards card has a higher spending requirement but a larger bonus.
- Foreign transaction fees: Do you travel outside of the United States? Both cards have no foreign transaction fees, so they are great for people who travel internationally.
- Intro APR: Do you plan to make a large purchase? The Capital One Quicksilver card has a longer intro APR period for purchases, but the Bank of America Travel Rewards card has a lower APR range.
Conclusion
Choosing between the Capital One Quicksilver and the Bank of America Travel Rewards cards depends on your spending habits and what kind of rewards you want. If you want cash back, then the Capital One Quicksilver card might be the right choice for you. But if you travel frequently and want to earn points for travel expenses, then the Bank of America Travel Rewards card might be a better fit.
Ultimately, both cards offer great benefits and are worth considering. Make sure to read the terms and conditions carefully and compare both cards to see which one is best for you.