![]() However, the VentureOne card does offer a number of additional perks (depending on the version of the card an applicant is approved for) that may be beneficial to travelers. It earns 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase-not quite as much as the standard earn rate on the Bank of America Travel Rewards Card. Capital One VentureOne Rewards Credit CardĪnother option for those looking for a no-annual-fee travel rewards card with a simple earnings structure is the Capital One VentureOne Rewards Credit Card. Platinum Honors and Diamond tier (75% points boost): 84,189 points (Equivalent to $841.89 in travel redemption credits)īank of America® Travel Rewards credit card vs.Platinum (50% points boost): 72,162 points (Equivalent to $721.62 in travel redemption credits).Gold (25% points boost): 60,135 points (Equivalent to $601.35 in travel redemption credits).After redemption against qualifying purchases, this would result in a value of $481.08 in reimbursement statement credits per year.Ĭardholders who are members of the Bank of America Preferred Rewards program can do even better. Earning 1.5 points per dollar spent, spending on the Bank of America Travel Rewards card would result in 48,108 points per year. The 70th percentile of wage-earning households bring in $107,908 annually and we base spending on that number.įorbes Advisor estimates that the household has $32,072 in expenses that can be reasonably charged to a credit card. Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. To determine the rewards potential of a card we have to look at the reward categories the card offers and calculate what an example American household might spend in those areas. Gift card redemptions will vary in value per point. Each point redeemed for cash is worth 0.6 of a cent (2,500 points = $15). Other ways to redeem rewards include for gift cards and cash back, but these redemptions have lower rates. Each point is worth one cent when redeemed this way. Points earned through the Bank of America Travel Rewards Card can be redeemed for statement credits to pay for flights, hotels, vacation packages, cruises, rental cars, baggage fees and restaurants including takeout. The Bank of America Travel Rewards card offers a welcome bonus that allows eligible new cardholders to earn 25,000 online bonus points after making at least $1,000 in purchases in the first 90 days of account opening. The entry level of the program requires a balance of $20,000 or more in eligible Bank of America or Merrill accounts with the highest tiers requiring balances of $100,000 or more. The Bank of America Travel Rewards card earns 1.5 points per dollar on all purchases.īank of America Preferred Rewards members earn a 25% to 75% bonus on all points earned, depending on program qualification level. You can take advantage of this offer when you apply now. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center.Contactless Cards – The security of a chip card, with the convenience of a tap.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. If you’re a Preferred Rewards member, you can earn 25%-75% more points on every purchase. ![]() ![]() A 3% fee applies to all balance transfers. After the intro APR offer ends, 17.99% – 27.99% Variable APR will apply. 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days.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. ![]()
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