Capital One Venture vs Bank of America Travel Rewards

Capital One Venture is a good travel credit card for the occasional traveler. How does it compare to Bank of America Travel Rewards, a travel credit card? Read our comparison chart below.

Keep in mind, the Capital One Venture has a $0 intro annual fee for first year; $59 after that, while the Bank of America Travel Rewards has a $0 annual fee .

Capital One® Venture® Rewards Credit Card

Bank of America® Travel Rewards Credit Card

Travel rewards card bank of americaTravel rewards card bank of americaTravel rewards card bank of americaTravel rewards card bank of americaTravel rewards card bank of america

Travel rewards card bank of americaTravel rewards card bank of americaTravel rewards card bank of americaTravel rewards card bank of america

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

Disclaimer: The information for the Capital One® Venture® Rewards Credit Card and Bank of America® Travel Rewards Credit Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Capital One Venture: Pricing information including interest rates, rewards, benefits and fees was obtained on June 29, 2017 from published websites and is believed to be accurate, but not guaranteed.

Bank of America Travel Rewards: Pricing information including interest rates, rewards, benefits and fees was obtained on July 5, 2017 from published websites and is believed to be accurate, but not guaranteed.

Still need help deciding which travel card is better? Read the in-depth reviews below. You may also be interested in comparing Capital One Venture or Chase Sapphire Preferred.

Explore Capital One® Venture® Rewards Credit Card In-Depth

Capital One Venture Rewards Review

Gold Delta SkyMiles® Credit Card from American Express

Barclaycard Arrival Plus™ World Elite MasterCard®

The Platinum Card® from American Express

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Bank of America just revealed its new travel rewards credit card — here’s how it compares to the Chase Sapphire Reserve and others

Bank of America is stepping up its game in the travel rewards credit card competition, revealing its new Premium Rewards card, which will launch in September, the Wall Street Journal reported this week.

The bank, the second-largest in the US by assets, has largely avoided the fierce battle for young, affluent credit card holders that has raged the past year since JPMorgan Chase unveiled its heralded Sapphire Reserve card.

Since the Sapphire Reserve’s release last August, other competitors like American Express and Citi have tweaked their upper echelon reward card offerings to compete – even as the early returns suggest Chase may be struggling to make money off its blockbuster card so far.

The pitfall of offering such lucrative rewards – Chase was handing out 100,000-point sign up bonuses before it slashed that down to 50,000 earlier this year – is it’s tough to make money if customers stick around only long enough to reap the bonuses. Churners don’t make for good business.

All the perks of the Premium Rewards card haven’t been revealed yet, but like its competitors, it will offer a travel credit – $100 for airline expenses, excluding airfare – as well as $100 toward TSA PreCheck or Global Entry, a Bank of America spokesman told Business Insider.

So how is Bank of America distinguishing its card? For starters, it will have a lower bonus, lower minimum-spending threshold to earn that bonus, and lower annual fee.

But perhaps more importantly, the points cardholders will earn directly correspond with how much money they have at the bank, rewarding those enrolled in their Preferred Rewards program who have deeper ties and are less likely to cut and run.

“At its base, consumers get two rewards points for travel and dining, and 1.5 for everything else – a platform similar to ‘mass-market9rsquo; cards, according to the WSJ. But the firm also has a tiered system in place, where consumers with active BofA accounts can get higher rewards based on their account balances, with totals of up to 3.5 and 2.6 points, respectively, available to consumers. This system could help the card attract and incentivize lucrative customers without sacrificing mass appeal, ultimately broadening its user base.”

Here’s a look at how Bank of America’s new card compares with the Sapphire Reserve and other competitors in the premium credit card rewards space.

Note: Card benefits listed are not exhaustive

This article has been updated from its original version.

1. Bank of America Premium Rewards

Travel rewards card bank of america

caption An image of the card isn’t yet available. source REUTERS/Brendan McDermid

Spending required for sign-up bonus: $3,000

Points per dollar spent (tiered system based on how much cash you have deposited or invested with the bank):

• 2 for travel/dining, 1.5 for all other purchase (Less than $20,000 deposited)

• 2.5 for travel/dining and 1.875 on all other purchases ($20,000 to 49,999 deposited)

• 3 for travel/dining and 2.25 on all other purchases ($50,000 to 99,999 deposited)

• 3.5 for travel/dining and 2.6 on all other purchases (More than $100,000 deposited)

• $100 travel credit for airline travel expenses (like baggage fees; doesn’t include airfare)

• $100 application credit for Global Entry/TSA PreCheck

This slide has been updated from it’s original version.

Travel rewards card bank of america

Spending required for sign-up bonus: $4,000

• 3 for travel/dining, 1 for all other purchase

• $300 credit for travel expenses

• $100 application credit for Global Entry/TSA PreCheck

• Priority Pass airport lounge membership

Travel rewards card bank of america

Spending required for sign-up bonus: $7,500

• 3 for travel, 2 for dining, 1 for all other purchase

• $250 credit for airline expenses

• Book four nights at a hotel, and Citi will comp the fourth night

• $100 application credit for Global Entry/TSA PreCheck

• Priority Pass airport lounge membership

Travel rewards card bank of america

source American Express

Spending required for sign-up bonus: $5,000

• 5 for airfare and hotels, 1 for all other purchases

• $200 credit for airline expenses (like baggage fees; doesn’t include airfare)

• $200 credit for Uber rides ($15 per month; $35 in December)

• $100 application credit for Global Entry/TSA PreCheck

• Access to over 1,000 airport lounges


Bank of America Travel Rewards Card Features

If you believe about it, exactly like with the Discover card, the rules may be completely changed in the subsequent 120 days! Various cards will provide different advantages or incentives. It’s an excellent card should you need rehabilitation.

The New Fuss About Bank of America Travel Rewards Card

You should understand what the charge card organization is offering, ways to benefit from it. The charge card companies generally understand the credit score of the applicant before providing the credit score cards. Besides, they are offering cash reward cards to attract the prospective customers. Additionally, few credit card businesses provide rewards with no blackout dates.

To turn in an application for a charge card online, you first must be sure that your credit score is in check and determine what kind of card you desire. In case you have reasonable credit score, you can frequently receive a credit card even when you aren’t able to secure a loan from the bank. When you have poor credit and so, poor credit score, the most suitable choice available is an array of `secured’ credit cards. If you opt to use company credit to fund the costs connected with starting a new company, remember to own a plan in place, or the financial ability to settle the card yourself in case the company fails to earn a profit.

What to Expect From Bank of America Travel Rewards Card?

The card may be used for purchases on your travels. The credit card provides some special features. If you’re likely to submit an application for a charge card, you will certainly need a card that provides something much like this so you obtain something for the money. Various credit cards provide different incentives or benefits. At this specific time, there are banks you are able to expect the very best corporate charge cards from, but they could change again. Few other student charge cards offer so much, particularly with no yearly fee.

What to Do About Bank of America Travel Rewards Card Before It’s Too Late

Bank of America is among the biggest and most reputed companies offering financial services and products across the world. So far as banks are involved, the ideal credit card customer is a person who carries a balance every month after remitting the minimum payment in time. Each one of the important banks and charge card issuers make it possible for you to submit an application for credit cards online.

Card provides you travel benefits on both domestic and global airlines alongside lounge access. Small business credit cards are quite popular for small business owners due to the many benefits they provide. Employing an individual credit card for each of your business related expenses are able to help you keep an eye on your startup expenditures, and provide you access to funds to purchase inventory or equipment you should receive your business started.

Stop and think before applying for one more credit card. A credit card is among the quickest methods to construct a credit history. Possessing a business credit card may be enormous support to the business in a terrific many ways. Many small business charge cards include low APR balance transfer prices.

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When putting in an application for a charge card and it is sti don’t have any history, there are charge card issuers that you could approach. It’s also famous for its charge cards. If you’re not using air mile credit cards for the particular purpose to bring in air miles they’re probably not a great idea.

Here’s What I Know About Bank of America Travel Rewards Card

A it is also possible to benefit mostly from the credit card and steer clear of the finance charges if making your payments punctually. Airline credit cards also tend to provide exceptional rates of interest, quality customer assistance, and incredible travel opportunities. You can now find two different kinds of airline credit cards with diverse offers.

The card further let’s you look at your account balance during the on-line account feature. What you’re likely to find out is there are a great deal of credit cards out there made for students which extend a lot of rewards and options. The very first thing you must know about airline credit cards is they are horrible credit cards unless you wish to use them specifically with the goal of airline travel. The majority of the airline charge cards provide outstanding rates of interest, exceptional travel opportunities and excellent customer services. Next, to acquire the most airline returns, you need to submit an application for the very best airline credit card based on your traveling needs.


A Look at Bank of America's New Premium Rewards Card

By Ryan Craggs. Photos: Alamy.

Any new credit card coming to market that offers travel rewards is a welcome addition for consumers, and Bank of America's latest one is no exception. Announced this week, and set to hit purses and wallets in September, the new Premium Rewards card is already touting travel perks previously unavailable to BoA clients. How it stacks up to Chase's Sapphire Preferred and Sapphire Reserve, however, is another story.

BoA's Premium Rewards card will come with a $95 annual fee—the same cost for the Sapphire Preferred. Generally, the Sapphire Preferred's annual fee is waived the first year. Chase's Sapphire Reserve comes with a heftier $450 fee.

The Premium Rewards card will give you 50,000 Preferred Rewards points after spending $3,000 in the first three months. Both the Sapphire Preferred and the Sapphire Reserve will give you 50,000 Chase Ultimate Rewards points after spending $4,000 in the first three months.

The BoA Premium Rewards card comes with $100 annual airline incidental statement credit for qualifying travel purchases and $100 credit toward TSA-Precheck or Global Entry application fee (good every four years). The Sapphire Preferred has no such credits, while the Sapphire Reserve comes with a $300 annual incidental travel credit, along with the $100 credit for TSA-Precheck or Global Entry. So effectively, the Premium Rewards card's statement credit offsets its annual fee (plus $5), while the Sapphire Reserve costs a net $150.

This is where things get tricky; if you're not familiar with how to best spend your credit card points, try listening to the Travelogue podcast where Traveler editors and points experts explain just that.

As a baseline, the Premium Rewards card earns two points for every $1 spent on dining and travel, and 1.5 points on everything else. The Sapphire Preferred earns two points for every $1 spent on dining and travel, and one point on everything else. The Sapphire Reserve earns three points for every $1 spent on dining and travel, and one point on everything else.

But Bank of America spokeswoman Betty Riess told Traveler, the Premium Rewards card is "based on building relationships and earning more of [customers'] business." For you, that means increased earnings, based on your existing relationship with BoA. Customers enrolled in the [Preferred Rewards program](https://info.bankofamerica.com/preferred-rewards/#benefits) will qualify for better earnings based on the programs' three tiers.

Gold For BofA customers with $20,000 to $50,000 in their accounts—including checking, savings or investment accounts—they'll earn 2.5 points per $1 on dining and travel and 1.875 points on everything else.

Platinum For customers with $50,000 to $100,000 in their accounts, they'll earn three points per $1 on dining and travel, and 2.25 points on everything else.

Platinum Honors Lastly, customers with $100,000 or more in their accounts will earn 3.5 points per $1 on dining and travel, and 2.6 points on everything else.

In short, the more money you've got tied up with Bank of America, the more you can potentially earn on the Premium Rewards card. "The added value clients receive when they are enrolled in Preferred Rewards is an important differentiator and ties in with our focus on rewarding customers for their relationship with us," Riess told Traveler. The program also lets BoA combat what it calls "gamers," according to the Wall Street Journal, or people who attempt to cash in on credit card signup bonuses and rewards.

BoA's Premium Rewards card redeems points at an approximate value of one cent per one point. If redeeming through Chase's Ultimate Rewards portal for travel, the Sapphire Preferred redeems at 1.25 cents per point, while the Sapphire Reserve redeems at 1.5 cents per point. As NerdWallet points out, "The value of points redeemed for travel is not listed on the Bank of America® Rewards Program guidelines. For cash, 2,500 to 9,999 points redeem at $0.005 per point; 10,000 to 24,999 points redeem at $0.008, and 25,000 or more points redeem at $0.010."

Given that the Premium Rewards, Sapphire Preferred, and Sapphire Reserve earn 50,000 of their respective currencies as a sign-up bonus, that'd translate to $500 cash for Premium Rewards, $625 for the Sapphire Preferred, and $750 for the Sapphire Reserve.

The Chase cards, however, become far more valuable when transferring to partner airlines, like Singapore and Korean Air, and booking international travel in business or first class. Such redemptions can approach five or 10 cents per point. In other words, those 50,000 points could potentially buy you a one-way ticket to Asia or Europe in first or business, if you know what you're doing.

Each of these cards runs on the Visa Signature platform, which itself offers other travel benefits. But the Sapphire Preferred and Sapphire reserve also offer primary rental car insurance, and the preferred comes with lounge access—something you might heavily value if you're frequently at airports and don't already have status that gets you entrance.

The final outcome of whether you should opt for the new BoA card depends on how much money you have in accounts with BoA, and how you plan to redeem your points. The Premium Rewards card can outearn a card like the Chase Sapphire Reserve, but is limited in its redemptions. How much you have saved, and how much you spend, will really determine if this card makes sense for you. If you have a lot saved, and earn a lot of points, it can accrue a ton of points. But the rewards appear more limited.

Keep in mind, a basic, cash back card like the Citi Double Cash gets you two percent back, or what's effectively two cents per point. If you're not getting better value than that for your earning and redemption, you're probably wasting your time and points.

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