Choosing the right travel credit card can be a daunting task, especially when there are so many options available. Two popular choices are the Capital One VentureOne and the Bank of America Travel Rewards credit card. In this article, we’ll compare these two cards to help you decide which one is right for you.
Rewards
The rewards program is one of the most important factors to consider when choosing a credit card. The Capital One VentureOne offers 1.25 miles per dollar on every purchase, while the Bank of America Travel Rewards credit card offers 1.5 points per dollar on every purchase.
Both cards have no foreign transaction fees, which is a great benefit for international travelers. However, the Bank of America Travel Rewards credit card offers a 10% points bonus if you have a Bank of America checking or savings account, which can make it a better choice if you’re a Bank of America customer.
Winner: Bank of America Travel Rewards Credit Card
Signup Bonus
A signup bonus is a great way to earn extra rewards when you first sign up for a credit card. The Capital One VentureOne offers 20,000 bonus miles after you spend $500 on purchases within the first three months, while the Bank of America Travel Rewards credit card offers 25,000 bonus points after you spend $1,000 on purchases within the first 90 days.
Winner: Bank of America Travel Rewards Credit Card
Read Also – Capital One VentureOne Card vs. Capital One Venture Rewards Credit Card
Annual Fee
Neither the Capital One VentureOne nor the Bank of America Travel Rewards credit card charges an annual fee, which is a great benefit for people who want to earn rewards without paying a fee.
Winner: Tie
APR
Both cards offer a range of APRs depending on your creditworthiness. However, the Bank of America Travel Rewards credit card tends to have lower APRs overall, which can be a benefit if you carry a balance from month to month.
Winner: Bank of America Travel Rewards Credit Card
Additional Benefits
Both cards offer additional benefits that can be useful for cardholders. For example, both cards offer travel accident insurance and 24/7 travel assistance services.
The Bank of America Travel Rewards credit card also offers a 0% intro APR on purchases for the first 12 billing cycles, which can be helpful if you need to make a large purchase and want to spread out the payments. In addition, the card offers a 10% points bonus if you have a Bank of America checking or savings account.
The Capital One VentureOne, on the other hand, offers extended warranty coverage on eligible purchases and access to the Visa Signature Luxury Hotel Collection, which offers exclusive perks and upgrades at luxury hotels around the world.
Winner: Bank of America Travel Rewards Credit Card (for the 0% intro APR and points bonus), Capital One VentureOne (for extended warranty coverage and luxury hotel perks)
Conclusion
So which card is right for you? It depends on your personal needs and preferences.
If you’re a Bank of America customer and want to earn extra points and take advantage of the 0% intro APR, the Bank of America Travel Rewards credit card is a great choice. If you’re not a Bank of America customer or don’t care about the points bonus, the Capital One VentureOne might be a better choice, especially if you value extended warranty coverage and luxury hotel perks.
Ultimately, both cards are solid choices, and you can’t go wrong with either one.
FAQs
Q1. Is the Capital One VentureOne a good credit card?
Ans. Yes, the Capital One VentureOne is a good credit card for people who want to earn rewards without paying an annual fee.
Q2. Does the Bank of America Travel Rewards credit card have an annual fee?
Ans. No, the Bank of America Travel Rewards credit card does not have an annual fee.
Q3. Can I use the rewards from these cards for any travel expenses?
Ans. Yes, both cards allow you to redeem your rewards for any travel expenses, including flights, hotels, and rental cars.
Q4. Can I transfer my rewards to other loyalty programs?
Ans. No, neither card allows you to transfer your rewards to other loyalty programs.
Q5. Which card has better customer service?
Ans. Both Capital One and Bank of America have good customer service ratings, so it’s a tie in this category.