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How Does LendingTree Get Paid?
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).

Capital One Venture Rewards Credit Card vs. Bank of America® Premium Rewards® credit card

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

🥇 Our top pick:
Bank of America® Premium Rewards® credit card

The Bank of America® Premium Rewards® credit card wins versus the Capital One Venture Rewards Credit Card in our analysis. Both offer valuable rewards, but the Bank of America® Premium Rewards® credit card comes with a more robust selection of travel benefits.

Want to earn credit card travel rewards, but don’t want to deal with multiple cards and bonus spending categories? Then either the Capital One Venture Rewards Credit Card or the Bank of America® Premium Rewards® credit card might be a good fit. We’ll help you compare them and pick the best for your needs.

One key difference between the cards is that the Capital One Venture Rewards Credit Card earns flat-rate rewards on every purchase, while the Bank of America® Premium Rewards® credit card earns rewards at an elevated rate on travel and dining — and offers boosted earnings with the Preferred Rewards program.

The Capital One Venture Rewards Credit Card vs. the Bank of America® Premium Rewards® credit card

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Capital One Venture Rewards Credit CardBank of America® Premium Rewards® credit card
Sign-up bonusEnjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.Enjoy a 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening.
RewardsEarn 2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023.Earn 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases.
Annual fee$95$95
Foreign transaction feeNoneNone
Regular purchase APR18.99% - 26.99% (variable) APR19.74% - 26.74% Variable APR
CreditsCredit of up to $100 for Global Entry or TSA Precheck, available every four years.Credit of up to $100 for Global Entry or TSA Precheck, available every four years. Annual credit of up to $100 for eligible incidental airline charges.
Travel benefitsTwo free visits per year to Capital One airport lounges.
Secondary car rental insurance.
Travel accident insurance.
24-hour travel assistance.
Visa Signature Concierge Service.
Benefits when staying at properties in the Visa Signature Luxury Hotel Collection.
Trip delay reimbursement.
Trip cancellation/interruption reimbursement.
Baggage delay reimbursement.
Lost luggage reimbursement.
Travel and emergency assistance services.
Emergency evacuation and transportation coverage.
Secondary car rental insurance.
Roadside dispatch program.

Best for simple, flat-rate rewards on general purchases: Capital One Venture Rewards Credit Card

| Disclosures
Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
on Capital One's secure site
N/A
18.99% - 26.99% (Variable)
$95
2 Miles per dollar on every purchase, every day; 5 Miles on
  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through our Partner Lounge Network
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Pros and cons

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

ProsCons
  • Earn flat-rate rewards on all purchases
  • Sign-up bonus
  • Transfer miles to 15+ partners
  • Credit for Global Entry or TSA Precheck
  • Annual fee
  • No elevated rewards rate on travel
  • Limited travel benefits

card analysis

The Capital One Venture Rewards Credit Card earns 2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023. A rewards program that allows you to earn an elevated rewards rate on every purchase, like this one, will help you rack up miles regardless of what you’re buying.

For example, let’s say you spend $10,000 over the course of a year on purchases that don’t fall into either the travel or dining category. With the base earning rate for non-travel and dining purchases on the Bank of America® Premium Rewards® credit card being 1.5 points per $1 spent, that’s merely 15,000 points earned. But with the Capital One Venture Rewards Credit Card, you’d earn 20,000 miles.

Flexible redemption options

Redemption options for miles earned with the Capital One Venture Rewards Credit Card include:

  • As a statement credit for past travel purchases
  • To book new travel
  • For a check or account credit
  • Toward gift cards
  • As a transfer to Capital One’s travel partners

That last option may interest you if you have a favorite airline or hotel loyalty program. Capital One allows you to transfer miles to the following travel partners, often at a 1:1 transfer rate:

  • Accor Live Limitless (ALL)
  • Aeromexico (Club Premier)
  • Air Canada (Aeroplan)
  • Air France KLM (Flying Blue)
  • Avianca (LifeMiles)
  • British Airways (Avios)
  • Cathay Pacific (Asia Miles)
  • Choice Hotels (Choice Privileges)
  • Emirates (Skywards)
  • Etihad Airways (Etihad Guest)
  • EVA Air (Infinity MileageLands)
  • Finnair (Finnair Plus)
  • Qantas (Qantas Frequent Flyer)
  • Singapore (KrisFlyer Program)
  • TAP Air Portugal (Miles&Go)
  • Turkish Airlines (Miles&Smiles)
  • Virgin Red
  • Wyndham Rewards

Modest list of travel benefits

While the Capital One Venture Rewards Credit Card doesn’t have as robust a list of travel benefits as the Bank of America® Premium Rewards® credit card, it does come with a few. For instance, you can get a credit of up to $100 (available every four years) when you charge the application fee for Global Entry or TSA Precheck to this card. You’llc also get two free visits to Capital One airport lounges every year.

Additional travel benefits include:

  • Secondary car rental insurance
  • Travel accident insurance
  • 24-hour travel assistance

Best for travel benefits: Bank of America® Premium Rewards® credit card

| Disclosures
Bank of America® Premium Rewards® credit card
Bank of America® Premium Rewards® credit card
on Bank Of America's secure site
N/A
19.74% - 26.74% Variable APR
$95
2 points for every $1 spent on travel and dining purchases and
  • Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening.
  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points for every $1 spent on all other purchases.
  • If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend.
  • No limit to the points you can earn and your points don't expire.
  • Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill® accounts, or gift cards or purchases at the Bank of America Travel Center.
  • Get up to $100 in Airline Incidental Statement Credits annually and TSA PreCheck®/Global Entry Statement Credits of up to $100, every four years. 
  • No foreign transaction fees.
  • Low $95 annual fee.
  • 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.
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

pros and cons

ProsCons
  • Earn elevated rewards on travel and dining
  • Sign-up bonus
  • Credit for Global Entry or TSA Precheck
  • Annual credit for incidental airline charges
  • Robust list of travel protections
  • Annual fee
  • Can't transfer rewards

card analysis

The Bank of America® Premium Rewards® credit card earns 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases. This card is an excellent choice if you spend heavily on travel and dining.

Plus, what counts as travel when using this card is broad, including: airlines, hotels, motels, timeshares, trailer parks, motor home and recreational vehicle rentals, campgrounds, car rental agencies, truck and trailer rental, cruise lines, travel agencies, tour operators and real estate agents, operators of passenger trains, buses, taxis, limousines, ferries, boat rentals, parking lots and garages, tolls and bridge fees, tourist attractions and exhibits like art galleries, amusement parks, carnivals, circuses, aquariums and zoos.

Flexible redemption options

Redemption options for points earned with the Bank of America® Premium Rewards® credit card include:

  • As a deposit into a Bank of America checking or savings account
  • For credit to an eligible account with Merrill (including 529 accounts)
  • To book travel
  • As a statement credit to your credit card account
  • For gift cards

One plus when redeeming points earned with the Bank of America® Premium Rewards® credit card is that each point is worth 1 cent. Miles earned with the Capital One Venture Rewards Credit Card are worth 1 cent when redeemed to cover a past travel purchase — but redemption values for other account credits, as well as for checks and gift cards, “vary and are subject to change without notice,” per Capital One’s website.

Bonus for Bank of America Preferred Rewards members

Furthermore, if you’re a Bank of America Preferred Rewards member, you can get 25% to 75% more points on every purchase. This program has three tiers based on how much you have in qualifying combined balances in your Bank of America banking and/or Merrill investment accounts. With the maximum level bonus (Platinum Honors), this card would earn up to 3.5 points for every $1 on travel and dining purchases and up to 2.625 points for every $1 on other purchases. However, this program might be out of reach for some cardholders: The lowest tier (Gold) requires a minimum of $20,000 in qualifying balances.

Superior travel benefits

Where the Bank of America® Premium Rewards® credit card especially excels is its travel benefits.

Let’s start off by taking a look at the credits. You can get an airline incidental statement credit of up to $100 per year for qualifying purchases, such as seat upgrades, baggage fees, in-flight services and airline lounge fees. Plus, you can also get a credit of up to $100 (available every four years) when you pay the Global Entry or TSA Precheck application fee with your Bank of America® Premium Rewards® credit card.

In addition, you get access to the following:

  • Visa Signature Concierge Service
  • Benefits when staying at properties in the Visa Signature Luxury Hotel Collection
  • Trip delay reimbursement
  • Trip cancellation/interruption reimbursement
  • Baggage delay reimbursement
  • Lost luggage reimbursement
  • Travel and emergency assistance services
  • Emergency evacuation and transportation coverage
  • Secondary car rental insurance
  • Roadside dispatch program

If you’re the type of traveler who wants peace of mind in the event your trip gets delayed or canceled, or if your luggage gets delayed or lost, the Bank of America® Premium Rewards® credit card is the card you want in your wallet rather than the Capital One Venture Rewards Credit Card.

Which credit card is best for you?

The Bank of America® Premium Rewards® credit card is our top pick after comparing these two travel credit cards. Having access to benefits such as trip delay reimbursement, trip cancellation and interruption reimbursement, baggage delay reimbursement and lost luggage reimbursement can make your life easier when things don’t go quite as planned. We think most consumers can benefit from these protections.

However, you may prefer the Capital One Venture Rewards Credit Card if you’re a fan of one or more of Capital One’s 15-plus travel partners and want to transfer your credit card rewards to your favorite loyalty programs to optimize your travel deals. You may also prefer the Capital One Venture Rewards Credit Card if you don’t spend much on travel and dining, and instead like the sound of flat-rate rewards on all purchases.

Should you have both credit cards?

Probably not. Having to recoup the $95 annual fee on the Capital One Venture Rewards Credit Card plus the $95 annual fee on the Bank of America® Premium Rewards® credit card means you’re likely to end up with fewer net rewards on either card than if you just focused on using one. For most consumers, we think the Bank of America® Premium Rewards® credit card‘s robust travel protections make it the better choice.

 

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