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Choosing a credit card for travel rewards can be challenging, especially with the plethora of options available. Two popular credit cards for travel rewards are the Bank of America Travel Rewards and Capital One Venture. In this article, we will compare the two cards to help you decide which one may be right for you.
Bank of America Travel Rewards
The Bank of America Travel Rewards card is a great option for those who want a simple and straightforward travel rewards program. Cardholders earn 1.5 points for every dollar spent on purchases, and points can be redeemed for travel purchases such as flights, hotel rooms, and car rentals. There are no blackout dates, and points never expire.
One standout feature of the Bank of America Travel Rewards card is that there are no foreign transaction fees, making it a great option for international travel. Additionally, there is no annual fee for the card, making it a low-cost option for those who don’t want to pay for a rewards program.
Capital One Venture
The Capital One Venture card is another popular option for travel rewards. Cardholders earn 2 miles for every dollar spent on purchases, and miles can be redeemed for travel purchases or transferred to partner airline loyalty programs. There are no blackout dates, and miles never expire.
The Capital One Venture card does have an annual fee of $95, but it is waived for the first year. However, the card does offer a valuable sign-up bonus of 60,000 miles after spending $3,000 in the first three months of card membership.
How They Compare
Both the Bank of America Travel Rewards and Capital One Venture cards offer valuable travel rewards programs. However, they differ in a few key ways.
The Bank of America Travel Rewards card is a great option for those who want a simple and low-cost rewards program. It has no annual fee and no foreign transaction fees, making it a good choice for those who travel internationally. However, it does offer a lower rewards rate at 1.5 points per dollar spent.
The Capital One Venture card, on the other hand, has a higher rewards rate at 2 miles per dollar spent. It also offers a valuable sign-up bonus, but it does come with an annual fee of $95 after the first year. However, the card does offer more flexibility in terms of miles redemption, as they can be transferred to partner airline loyalty programs.
Ultimately, the choice between these two cards will depend on your personal preferences and travel habits. If you value simplicity and low cost, the Bank of America Travel Rewards card may be the better option. However, if you want to maximize your rewards and are willing to pay an annual fee, the Capital One Venture card may be the way to go.
FAQs
| Question | Answer |
| Does the Bank of America Travel Rewards card have an annual fee? | No, the Bank of America Travel Rewards card does not have an annual fee. |
| Does the Capital One Venture card have foreign transaction fees? | No, the Capital One Venture card does not have foreign transaction fees. |
| Can points/miles be redeemed for cash? | Yes, both cards allow points/miles to be redeemed for cash back at a lower rate than travel redemptions. |
| Is there a limit to the number of points/miles that can be earned? | No, there is no limit to the number of points/miles that can be earned with either card. |