The BankAmericard Travel Rewards® Card vs The Capital One® Venture® Rewards Card

Brendan Harkness

Brendan Harkness | Versus

Aug 10, 2016 | Updated Sep 21, 2016

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The BankAmericard Travel Rewards® Credit Card and the Capital One® Venture® Rewards Credit Card are popular and similar travel rewards cards.

They’re designed for people who don’t travel with one particular airline or stay at one particular hotel. Instead, they offer rewards for any purchases you make, including all kinds of travel-related expenses.

These cards are competitors but there are some important differences between them, including how they offer rewards and the extra benefits you’ll get. And you’ll need to use them differently because one has more fees than the other.

Neither one is a clear winner – instead, either of them could be right for you, depending on your particular travel habits. Keep reading to learn more!

BankAmericard Travel Rewards® Credit Card

For People with
Good Credit

  • Annual Fee: $0
  • Interest Rate: 15.24%-23.24% *Variable
Quick Card Facts
  • 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
  • Earn 3 points per $1 spent on eligible purchases from the Bank of America Travel Center
  • 10,000 online bonus points if you make at least $500 in purchases in the first 90 days - that can be a $100 statement credit towards travel purchases
  • Use your card to book your trip how and where you want - no blackout dates and restrictions
  • Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
  • Now with chip technology for enhanced security and protection at chip-enabled terminals
  • 0% Introductory APR for 12 billing cycles for purchases, then 15.24% - 23.24% Variable APR
  • Get an additional 10% customer points bonus on every purchase when you have an active Bank of America® checking or savings account
  • If you're a Preferred Rewards client, you can increase that bonus to 25%-75%. Click "Apply Now" to learn more about Preferred Rewards

Capital One® Venture® Rewards Credit Card

For People with
Good Credit

  • Annual Fee: $59 - Waived first year
  • Interest Rate: 13.24%, 18.24% or 23.24% *Variable
Quick Card Facts
  • Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months, equal to $400 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles don't expire and there's no limit to how many you can earn
  • No foreign transaction fees
  • No annual fee for the first year; $59 after that
  • 100% free Capital One® Credit Wise - see your monthly credit score anytime and get automatic alerts

The Rewards

BankAmericard Travel Rewards

  • 3 points per dollar on purchases from the Bank of America Travel Center
  • 1.5 points per dollar on all other purchases
  • 20,000 bonus points for spending $1,000 in the first 90 days (online applicants only)
  • 10% point bonus for Bank of America customers (with checking or savings accounts)

You’ll get the most value from your points by redeeming them to pay for past travel expenses, where you’ll get 1 cent for every point you redeem. Only travel purchases made within the last 12 months are eligible.

You can also redeem your points for a check or a deposit into a Bank of America account, but you’ll be losing out if you do. When you redeem this way you’ll only get .006 cents for every point. This means 20,000 points would come to $120, instead of the $200 you’d get when you redeem for travel expenses.

Capital One Venture Rewards

  • 2x miles per dollar on all purchases
  • 40,000 bonus miles for spending $3,000 in purchases in the first 3 months

With this card, you can only redeem your miles for travel expenses. You’ll get 1 cent per mile.

That includes past purchases as well as new travel reservations made through Capital One. Contact customer service or the Rewards Center to learn more about booking travel with the help of Capital One.

The Verdict

The Venture Rewards card is a bit more rewarding on average, offering 2 miles per dollar compared to 1.5 points (whether you redeem for travel expenses or not).

But if you plan on using Bank of America’s Travel Center very often you can earn 3 points, giving the BankAmericard the edge when it comes to paying for travel. Check with Bank of America’s customer service for details about the Travel Center.

You’ll get a bigger bonus with the Venture card, twice as big as the BankAmericard: 40,000 miles ($400 in travel expenses) compared to 20,000 points ($200 in travel expenses). But you’ll need to spend 3 times as much in the same amount of time to get that bonus, so keep that in mind.

When it comes to redeeming your rewards these cards are about the same, giving you 1 cent per point (or mile) for travel expenses. You’ll also have the option to redeem for non-travel purchases with the BankAmericard, but that’s not a very good choice so it’s somewhat irrelevant.

If you have a checking or savings account with Bank of America, their card might be best for you because of that 10% bonus. That will add up to quite a lot over time, especially if you plan on using your card for years (and why wouldn’t you?).

The Benefits

Here are some of the most interesting and useful benefits from each card.

BankAmericard Travel Rewards

Perks

  • No Blackout Dates

    On point redemptions.

  • Visa Platinum or Signature Benefits

    This card may come with additional Visa benefits. You’ll be provided with a full list of benefits available to you once you are approved for your card.

Security

  • Fraud Protection

    You will not be held responsible for unauthorized use of your card (contact customer service immediately).

  • Overdraft Protection

    Link a Bank of America account to your card and prevent declined purchases and return checks if you take out too much money from your account.

  • ShopSafe®

    Protection when you are shopping online.

Capital One Venture Rewards

Perks

  • Visa Signature Concierge Service

    A 24/7 personal assistant to help in a variety of non-emergency tasks.

  • Personalized Payment

    Pick your monthly due date.

  • Luxury Hotels

    Get benefits at over 900 hotel properties.

  • Movie Discounts

    Get discounts at fandango.com/visasignature

  • Fine Wine & Food

    Special dining and wine experiences.

  • Sports Experiences

    Access to popular sporting events and premiere golf benefits at Pebble Beach Resorts®.

  • Shopping Discounts

    Discounts and special offers at premium retailers, from jewelry to apparel and electronics.

Shopping

  • Purchase Protection

    Provides coverage against lost or stolen items within 90 days from the date of purchase.

  • Extended Warranty Protection

    Extends a manufacturer’s warranty at no charge for up to 1 year on warranties of 3 years or less.

Travel

  • Travel Assistance Services

    Provides help with travel emergencies, including emergency card replacement or cash advances.

  • Travel Accident Insurance

    Covers you and your family in the case of physical accidents.

  • Roadside Assistance Hotline

    Assistance with services such as towing, changing a flat, or boosting a battery in case of emergency.

  • Auto Rental Collision Damage Waiver

    Provides coverage against theft and collision, as long as the car rental company’s own insurance is declined.

  • Lost Luggage Reimbursement

    If checked or carry-on bags are lost or damaged, provides reimbursement up to $3,000 per passenger.

The Verdict

The Venture Rewards card obviously offers the better set of extra benefits, especially in the Perks section.

You’ll get discounts and upgrades at select hotels and venues, and access to exclusive experiences you wouldn’t otherwise be able to find. These are great features to have in a travel card that you’ll be bringing with you to see new places and do new things. There are also a variety of shopping and travel protections to get your back if you find yourself in some kind of trouble.

The BankAmericard’s benefits are very basic for the most part, but you might end up with some useful protections from Visa. With this card you’ll be approved for either a Visa Platinum or Visa Signature version, depending on your credit status. The Signature version comes with the better features. You’ll need to check your Guide to Benefits to learn the exact benefits that come with your card.

So, you may get some decent protections with the BankAmericard if you qualify for the Visa Signature, but you’re guaranteed to get some pretty great benefits with the Venture Rewards.

Here’s a side-by-side comparison of the benefits offered by each card:

BankAmericard Travel Rewards Capital One Venture Rewards

Perks

  • No Blackout Dates
  • Visa Benefits
  • Visa Signature Concierge
  • Personalized Payment
  • Luxury Hotels
  • Movie Discounts
  • Fine Wine & Food
  • Sports Experiences
  • Shopping Discounts

Account

  • Account Alerts
  • Mobile Banking
  • Text Banking
  • Account Alerts
  • Mobile & Tablet Apps
  • Financial Tools and Tips
  • Capital One WalletSM
  • Capital One Credit Wise
  • Capital One Second LookSM

Security

  • Zero Liability Protection
  • Overdraft Protection
  • ShopSafe®
  •  Zero Liability Protection

Shopping

  • Purchase Protection
  • Extended Warranty Protection

Travel

  • Travel Assistance Services
  • Travel Accident Insurance
  • Roadside Assistance Hotline
  • Auto Rental Collision Damage Waiver
  • Lost Luggage Reimbursement

The Costs & Fees

Card Annual Fee Intro APR for Purchases Regular Purchase and Balance Transfer APR Cash Advance APR
BankAmericard Travel Rewards $0 0% for 12 months 15.24%-23.24% *Variable 18.24%-25.24% *Variable
Venture Rewards $59 - Waived first year None 13.24%, 18.24% or 23.24% *Variable 23.24% *Variable
Card Balance Transfer Fee Cash Advance Fee Foreign Transaction Fee
BankAmericard Travel Rewards 3%; Min:$10 3%; Min:$10 None
Venture Rewards $0 3%; Min:$10 None
Card Penalty APR Late Fee Returned Payment Fee
BankAmericard Travel Rewards Up to 29.99% *Variable Up to $38 Up to $27
Venture Rewards See Terms Up to $35 See Terms

The Verdict

The BankAmericard has fewer fees, making it a bit cheaper to use overall.

You won’t have to pay an annual fee, and you’ll get 12 months at 0% APR for purchases. This makes it a good option if you want to pay off your upcoming vacation over time rather than all at once.

To pay for that annual fee on the Venture card, you’ll need to earn 5,900 miles. That means you have to spend $2,950 per year to break even on that fee, and anything you spend after that will be profit. But remember that you’ll also get those 40,000 bonus points in the beginning, which would pay for almost 7 years of fees.

Neither card has a foreign transaction fee, so you can use either of them outside the country without being charged extra.

The Venture Rewards card has no intro rate, so your purchases will start accruing interest that month. If you’re spending a lot on vacation or a long trip, this could add up to a lot.

Remember that you can completely avoid interest charges if you pay off your balance in full by the end of the billing period, with this and every other credit card.

The Bottom Line

The BankAmericard Travel Rewards Credit Card and the Capital One Venture Rewards Card could both be valuable traveling companions, but only one of these cards would be worth having at once.

They are pretty similar in many ways, but there are also some important differences. Both cards provide rewards for any purchase you make, though it’s not quite that simple.

Take a look at your spending and traveling habits, and begin with the annual fee.

Would you spend at least $2,950 with the Venture card per year to cover it? If not, think about if you’ll want to spend those bonus points on it. The BankAmericard has no annual fee to worry about, so if you don’t use the card much in a certain year it won’t cost you anything.

If you can use Bank of America’s Travel Center for most if not all of your travel needs, their card would provide the most rewards over time at the 3X rate. You’ll earn fewer points on other purchases, only 1.5 compared to 2 miles, but if you have an account with BofA you’ll also get that 10% bonus.

Insider Tip: Looking for more specific travel cards? Check out our picks for the Best Airline Credit Cards and the Best Hotel Credit Cards.

The Venture Rewards has much better extra benefits, some of which can help save on costs (though others are upgrades and extras you wouldn’t normally pay for, and those end up being expenses). So if those Perks really caught your eye, the BankAmericard can’t compete there.

One last thing to note: the Venture Rewards card is designed for people with excellent credit, while the BankAmericard is easier to get (it offers Visa Platinum for worse credit, and Visa Signature for better credit). You can always check to see if you’re prequalified for either of these cards before you apply, without hurting your credit score.

Apply for the Venture Rewards or BankAmericard

Want to apply for or learn more about one of these cards? Just click the card’s name below.

BankAmericard Travel Rewards® Credit Card

For People with
Good Credit

  • Annual Fee: $0
  • Interest Rate: 15.24%-23.24% *Variable
Quick Card Facts
  • 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
  • Earn 3 points per $1 spent on eligible purchases from the Bank of America Travel Center
  • 10,000 online bonus points if you make at least $500 in purchases in the first 90 days - that can be a $100 statement credit towards travel purchases
  • Use your card to book your trip how and where you want - no blackout dates and restrictions
  • Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
  • Now with chip technology for enhanced security and protection at chip-enabled terminals
  • 0% Introductory APR for 12 billing cycles for purchases, then 15.24% - 23.24% Variable APR
  • Get an additional 10% customer points bonus on every purchase when you have an active Bank of America® checking or savings account
  • If you're a Preferred Rewards client, you can increase that bonus to 25%-75%. Click "Apply Now" to learn more about Preferred Rewards

Capital One® Venture® Rewards Credit Card

For People with
Good Credit

  • Annual Fee: $59 - Waived first year
  • Interest Rate: 13.24%, 18.24% or 23.24% *Variable
Quick Card Facts
  • Enjoy a one-time bonus of 40,000 miles once you spend $3,000 on purchases within the first 3 months, equal to $400 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles don't expire and there's no limit to how many you can earn
  • No foreign transaction fees
  • No annual fee for the first year; $59 after that
  • 100% free Capital One® Credit Wise - see your monthly credit score anytime and get automatic alerts

If you use one of these credit cards, how do you like it? Leave your own review of the BankAmericard Travel Rewards or the Capital One Venture Rewards, we’d love to hear from you!

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