Capital One Venture Vs Bank Of America Travel Rewards
When it comes to choosing a credit card for travel rewards, Capital One Venture and Bank of America Travel Rewards are two popular options. Both cards offer attractive rewards, but which one is better? In this article, we will compare Capital One Venture and Bank of America Travel Rewards to help you make an informed decision.
Capital One Venture
The Capital One Venture card is a travel rewards credit card that offers 2 miles per dollar spent on every purchase. The card also offers a sign-up bonus of 60,000 miles, worth $600, when you spend $3,000 in the first 3 months of account opening. The annual fee is $95, but it is waived for the first year.
The Capital One Venture card has no foreign transaction fees, making it a great option for international travel. The card also offers a range of other travel benefits, including travel accident insurance, 24-hour travel assistance services and more.
The reward miles earned with the Capital One Venture card can be redeemed for travel purchases, including flights, hotels, and rental cars. You can also transfer your miles to participating airline partners, which can offer even greater value for your rewards.
Bank of America Travel Rewards
The Bank of America Travel Rewards card is another travel rewards credit card that offers 1.5 points per dollar spent on every purchase. The card also offers a sign-up bonus of 25,000 points, worth $250, when you spend $1,000 in the first 90 days of account opening. The annual fee is $0.
Similar to the Capital One Venture card, the Bank of America Travel Rewards card has no foreign transaction fees. The card also offers travel accident insurance and 24-hour travel assistance services.
The reward points earned with the Bank of America Travel Rewards card can be redeemed for a variety of travel purchases, including flights, hotels, and rental cars. You can also use your points to cover travel expenses charged to your card, or redeem them for cash back or gift cards.
Comparison
Now, let's compare these two travel rewards cards side by side.
| Capital One Venture | Bank of America Travel Rewards | |
|---|---|---|
| Sign-up Bonus | 60,000 miles (worth $600) | 25,000 points (worth $250) |
| Rewards | 2 miles per dollar spent | 1.5 points per dollar spent |
| Annual Fee | $95 (waived for first year) | $0 |
| Foreign Transaction Fees | No | No |
As you can see, Capital One Venture offers a higher sign-up bonus and rewards rate. However, it comes with an annual fee, while Bank of America Travel Rewards has no annual fee. Both cards offer no foreign transaction fees, making them great options for international travel.
Ultimately, the choice between Capital One Venture and Bank of America Travel Rewards will depend on your personal preferences and travel habits. If you frequently travel and spend a lot on travel purchases, Capital One Venture may be the better option. However, if you're looking for a no-annual-fee card with decent rewards, Bank of America Travel Rewards may be the way to go.
Conclusion
Choosing the right travel rewards credit card can make a big difference in how much you get back from your spending. While both Capital One Venture and Bank of America Travel Rewards offer attractive rewards and travel benefits, they have some differences in terms of sign-up bonus, rewards rate, and annual fee. Consider your travel habits and spending to determine which card is right for you.
