Keep in mind, however, that you must have at least 2,500 points to convert your points into travel credit or cash, and 3,125 points for gift cards.Ĭapital One miles are more versatile, especially since Capital One has been building up its travel rewards program over recent years. The Bank of America Travel Rewards allows you to redeem points for travel, cash, gift cards and more. One minor difference is that the Bank of America Travel Rewards lets you redeem points for a statement credit for up to 12 months after making a travel or dining purchase. There are no blackout booking dates on either card, and you can redeem points for any purchase. Both have no earning limits or points expiration. While the rewards packages are different, the redemption options are fairly similar. Note, though, that if you tend to spend a moderate amount on credit cards, you should give the Venture card a second look – with its 2X earning rate, its rewards value can easily outmatch the fee (our estimate is for a $15,900 yearly budget). The Capital One Venture charges $95 per year to keep the card open. If you’re averse to budgeting for an annual fee, the Bank of America card is the way to go. Over all, with the higher value of its sign-up bonus and higher earning rate on general purchases, the Capital One Venture wins on the rewards front. However, it offers 25,000 (worth $250 for travel) points after spending $1,000 in the first 90 days, which makes the sign-up offer more attainable than the Capital One Venture card’s. The Bank of America Travel Rewards card gives a flat rate of 1.5X points on all purchases, which is pretty average.
That welcome offer alone is worth $750 if you redeem it for travel on the Capital One Travel portal. The sign-up bonus is decent as well: 75,000 miles if you spend $4,000 in three months. However, its real strength is its 2X miles on every purchase – a high rewards rate on general purchases, even among the best travel credit cards. On hotels and rental cars booked through Capital One Travel, it gives 5X miles. Cash redemption only worth 0.5 cents per mileįor starters, the Capital One Venture’s rewards package is quite good for a mid-tier travel card.Cash redemption only worth 0.6 cents per point.Earning rate of 1.5X points is just average.Minimum of 2,500 points required to redeem for travel or dining.Earning rate of 2X miles is high and easily makes up for the annual fee.
No minimum miles required to redeem for travel.Miles don’t expire for the life of the account.Redeem points for any travel or dining purchase.5X miles on hotels and rental cards booked through Capital One TravelĢ5,000 points if you spend $1,000 in first 90 daysħ5,000 miles if you spend $4,000 on purchases in the first 3 monthsĮstimated yearly rewards value ($15,900 spend).Capital One Ventureīank of America® Travel Rewards credit card But which one has more gas in the tank? Let’s take a look: Bank of America Travel Rewards vs. The Bank of America® Travel Rewards credit card and the Capital One Venture Rewards Credit Card are two of the more robust options when it comes to bonus offers and redemption flexibility. What’s important is identifying the right card that meets your business or personal travel needs. No matter the time of year, travel rewards cards are always in season.
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