Bank Of America^® Travel Rewards Credit Card vs. Capital One Venture Rewards Credit Card: No Annual Fee vs. Travel Perks

Quick comparison

	Bank of America® Travel Rewards credit card	Capital One Venture Rewards Credit Card
FinanceBuzz star ratings	4.4 FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.	4.7 FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.
FinanceBuzz value calculation1 <p class="">These values are based on the <a href="https://financebuzz.com/financebuzz-credit-card-valuation">FinanceBuzz Credit Card Rewards Valuation Model</a>, which takes a look at rewards earned via spending, the welcome offer, and the annual fee. We used a valuation of 1 cent/point unless otherwise stated above. These are estimated values - your actual earnings will depend on how much you spend and in what categories.<br></p>	Year one earnings: $948 Year two earnings: $698	Year one earnings: $1,821 Year two earnings: $821
Annual fee	$0	$95
Welcome bonus	Earn 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases	Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening
Earning rate	3 points per $1 spent on travel purchases booked through the Bank of America Travel Center and 1.5 points per $1 spent on all purchases	2 miles per dollar on every purchase, every day, 5 miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25
Introductory APR	0% intro APR for 15 billing cycles on purchases (then 18.24% - 28.24% Variable) 0% intro APR for 15 billing cycles for any balance transfers made in the first 60 days (then 18.24% - 28.24% Variable)	None
Travel perks	Visa Signature benefits- includes extended warranty protections, travel assistance, rental collision damage waiver, and other perks.	Up to $120 TSA PreCheck or Global Entry credit every four years Hertz Five Star status $50 experience credit on Lifestyle Collection bookings
Credit needed	Excellent, Good	Excellent, Good
	Learn more	Learn more

When to go with the Bank of America Travel Rewards Card

The Bank of America Travel Rewards credit card might be the better option if:

• You prefer a $0 annual fee
• You want an intro APR offer
• You're a Bank of America Preferred Rewards member

No annual fee

The Bank of America Travel Rewards has a $0 annual fee. In contrast, the Capital One Venture Rewards has a $95 annual fee. Keep in mind that an annual fee typically means that a card has more value and benefits, so you have to determine if that tradeoff is worth it.

Intro APR offer

The Bank of America Travel Rewards provides an intro APR offer on purchases and balance transfers.

• On purchases: 0% intro APR for 15 billing cycles on purchases (then 18.24% - 28.24% Variable)
• On qualifying balance transfers: 0% intro APR for 15 billing cycles for any balance transfers made in the first 60 days on qualifying balance transfers (then 18.24% - 28.24% Variable)

If you plan on making a large purchase and want to pay it off over time without adding on interest, the Bank of America Travel Rewards card is a fantastic option. Similarly, if you are currently paying high interest rates on a different credit card, you can transfer that balance to your new Bank of America card to work on paying it off faster and avoid more interest payments.

Just be sure to pay the balance off before the intro period ends, as you don't want to get stuck paying interest.

Preferred Rewards Program

Bank of America Preferred Rewards members earn anywhere from 25% to 75% more points on every purchase. Instead of earning an unlimited 1.5 points for every $1, you could earn 1.87 to 2.62 points for every $1 you spend on purchases. You could earn 3.75-5.25 points for every $1 you spend on travel purchases made through the Bank of America Travel Center. It's no easy feat to become a Preferred Rewards member.

There are four tiers in the program. To qualify for Gold, the base tier, you need a combined average daily balance in Bank of America deposit and Merrill investing accounts of at least $20,000 in a three-month window. This level gives you various perks, including the 25% bonus in points earned. If you want the 75% bonus, that number shoots up to $100,000.

Someone in the market for a no-annual-fee credit card might not be in a position where they have more than $100,000 in their bank account and investments. If you do, this is a solid card to get because of the earning potential. If not, it might not be an attainable goal to reach in a short window.

Apply now or learn more about Bank of America Travel Rewards.

When to go with the Capital One Venture Card

The Capital One Venture could be a better choice if:

• You want to enroll in TSA PreCheck or Global Entry
• You want to access airline and hotel transfer partners
• You want a higher earning potential

Earning potential

The Bank of America Travel Rewards enables you to earn 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center and 1.5 points per $1 spent on all purchases. The Capital One Venture Rewards offers 2 miles per dollar on every purchase, every day, 5 miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel and 5 miles per dollar on Capital One Entertainment purchases through 12/31/25. If you want to solely focus on maximizing the amount of miles you can earn, opt for the Capital One Venture Card.

Access to transfer partners

The Capital One Venture card allows you to transfer your miles to 15+ airline and hotel transfer partners at a 1:1 ratio. You can still redeem your points through Capital One Travel or as a statement credit, but transferring miles typically allows you to get outsized value.

You can transfer your miles at a 1:1 ratio to the following partners:

• Aeromexico Club Premier
• Air Canada ‒ Aeroplan
• Cathay Pacific ‒ Asia Miles
• Avianca LifeMiles
• British Airways Executive Club
• Choice Privileges
• Emirates Skywards
• Etihad Guest
• Finnair Plus
• Flying Blue
• Qantas Frequent Flyer
• Singapore Airlines KrisFlyer
• TAP Miles&Go
• Turkish Airlines Miles&Smiles
• Virgin Red
• Wyndham Rewards

You can also transfer your miles at a 2:1.5 ratio to EVA Air Infinity MileageLands and at a 2:1 ratio to ALL (Accor Live Limitless).

Bank of America doesn't allow you to transfer your points, so your redemption options are more limited and are at a fixed rate.

Extra travel perks

With the Venture Rewards card, you'll receive up to $120 as a statement credit for the application fee for Global Entry or TSA PreCheck every four years. I have Global Entry, and it's a phenomenal program — I made a 30-minute international connection in Atlanta (ATL) earlier this year, which would have been impossible without Global Entry and TSA PreCheck benefits.

Additionally, you'll receive Hertz Five Star status, which includes complimentary upgrades as available and a wider selection of cars. If you book a Lifestyle Collection property through Capital One Travel, you'll receive a $50 experience credit to use onsite and other perks like early check-in and late checkout. These perks aren't major, but they allow you to upgrade your travel experience and help justify the annual fee.

Learn more about the Capital One Venture in our review.

A closer look at the welcome bonuses

Cardholders of the Bank of America Travel Rewards credit card can earn 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases. New Venture Rewards cardholders can enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening — that's equal to $1,000 in travel.

Clearly, the Venture card has a much more lucrative offer. However, the bonus has a substantially higher spending requirement, which some might not be able to reach. The last thing you want is to leave money on the table by not spending enough to reach the bonus.

FAQ

Bottom line

The Capital One Venture Rewards Credit Card is the better overall card for frequent travelers since you can transfer points to airline and hotel partners. You can also get elevated perks for a moderate annual fee. However, the Bank of America^® Travel Rewards credit card is still a solid option for many travelers, allowing you to earn a flat rate on everyday spending without any additional cost. As with any card, analyze your spending habits and travel goals before applying.

Easy-to-Earn Unlimited Rewards

Bank of America^® Travel Rewards credit card

Benefits

Card Details

• $0 annual fee
• Simple, flat-rate rewards
• Flexible redemption options
• Up to 75% Bank of America Preferred Rewards® bonus potential
• Apply Now

• 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
• Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
• Earn 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center.
• Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
• Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
• 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%. Balance transfers may not be used to pay any account provided by Bank of America.
• If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases. You could earn 3.75-5.25 points for every $1 you spend on travel purchases made through the Bank of America Travel Center.
• Contactless Cards - The security of a chip card, with the convenience of a tap.
• This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

4.4

FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.

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Intro Offer

Earn 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases

Annual Fee

$0

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Why we like it

• The Bank of America^® Travel Rewards credit card is great for individuals who enjoy earning rewards and traveling.

• Cardholders will enjoy the flexibility to redeem points with no blackout dates and receive a statement credit to pay for travel and dining purchases.

• Earn 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center and 1.5 points per $1 spent on all purchases.

• Apply Now

Author Details

Harrison Pierce

Born and raised in North Carolina, Harrison, an editor for FinanceBuzz, had the radical idea to sell all his belongings and travel the world full-time with nothing but a suitcase and his cat, Isabelle. In July 2021, he bought a one-way ticket to Italy and never looked back.