Bank Of America Travel Rewards Vs Capital One Venture
Welcome to this article comparing Bank of America Travel Rewards and Capital One Venture credit cards. With so many options available in the market, it can be overwhelming to choose the right travel rewards credit card. In this article, we will compare the features, benefits, and drawbacks of these two popular credit cards to help you make an informed decision.
Card Overview
Bank of America Travel Rewards and Capital One Venture are both travel rewards credit cards that offer a variety of benefits and perks to cardholders. Bank of America Travel Rewards cardholders earn 1.5 points per dollar spent on all purchases, while Capital One Venture cardholders earn 2 miles per dollar spent on all purchases.
Signup Bonus
Both Bank of America Travel Rewards and Capital One Venture offer signup bonuses to new cardholders. Bank of America Travel Rewards offers 25,000 bonus points when you spend $1,000 in the first 90 days of account opening. Capital One Venture offers 50,000 bonus miles when you spend $3,000 in the first 3 months of account opening.
Annual Fee
Bank of America Travel Rewards has no annual fee, while Capital One Venture has an annual fee of $95. However, Capital One Venture waives the annual fee for the first year of card membership.
Redemption Options
Bank of America Travel Rewards points can be redeemed for travel purchases, gift cards, and statement credits. Capital One Venture miles can be redeemed for travel purchases, gift cards, and cashback. Both cards offer flexible redemption options.
Foreign Transaction Fees
Bank of America Travel Rewards has no foreign transaction fees, while Capital One Venture has no foreign transaction fees as well. Both cards are good options for international travelers.
Travel Benefits
Bank of America Travel Rewards offers travel accident insurance, lost luggage reimbursement, and travel and emergency assistance services. Capital One Venture offers travel accident insurance, 24-hour travel assistance services, and auto rental collision damage waiver.
Interest Rates
Bank of America Travel Rewards has a variable APR ranging from 13.99% to 23.99%, while Capital One Venture has a variable APR ranging from 17.24% to 24.49%. Both cards offer intro APR on purchases and balance transfers for a limited time.
Customer Service
Bank of America has a good customer service reputation, with 24/7 phone support and online chat. Capital One also offers 24/7 phone support and online chat, as well as a mobile app for easy account management.
Conclusion
Both Bank of America Travel Rewards and Capital One Venture offer competitive travel rewards and benefits to cardholders. Bank of America Travel Rewards is a good option for those who want a no annual fee card with flexible redemption options. Capital One Venture is a good option for those who want a higher earning rate on all purchases and are willing to pay an annual fee for premium travel benefits. Ultimately, the right card for you will depend on your personal preferences and spending habits.
