Key takeaways
- The Capital One Enterprise Rewards Credit score Card presents the next welcome bonus and rewards charge in comparison with the Financial institution of America® Journey Rewards bank card.
- The Financial institution of America card has no annual charge, whereas the Capital One Enterprise card prices a $95 annual charge.
- Neither card prices overseas transaction charges, however the Capital One Enterprise card permits for transfers to airline and resort companions.
- To qualify for both card, you usually want an excellent to glorious credit score rating.
If you happen to’re a frequent traveler hoping to earn rewards towards future journeys, there are a number of journey bank cards to maintain in your radar. The Capital One Enterprise Rewards Credit score Card and the Financial institution of America® Journey Rewards bank card are two in style choices as a consequence of their miles and factors rewards, welcome bonuses and cardholder perks.
If you happen to’re on the fence about both of those journey bank cards, it’s price evaluating the rewards potential to the associated fee. Find out how the Capital One Enterprise and Financial institution of America Journey Rewards playing cards stack up within the classes you care about.
Card options
| Options | Capital One Enterprise | Financial institution of America Journey Rewards |
|---|---|---|
| Welcome bonus | 75,000 miles when you spend $4,000 on purchases inside 3 months from account opening, equal to $750 in journey | 25,000 factors whenever you spend $1,000 inside 90 days of account opening, equal to $250 in journey |
| Rewards charge | Limitless 2X miles on each buy, plus 5X miles on inns and rental vehicles booked via Capital One Journey | Limitless 1.5X factors on all purchases |
| Intro APR | None | 0% introductory APR for first 15 billing cycles for purchases, and for any steadiness transfers made within the first 60 days. After the intro APR provide ends, 18.24% to twenty-eight.24% Variable APR will apply. A 3% charge (min $10) applies to all steadiness transfers within the first 60 days. |
| Annual charge | $95 (See Charges & Charges) | $0 |
Capital One Enterprise vs. Financial institution of America Journey Rewards class winners
The Capital One Enterprise card comes out forward in most classes. Nevertheless, the Financial institution of America Journey Rewards card wins by way of the annual charge.
Welcome bonus winner
Recognition amongst Bankrate customers winner
Which card earns probably the most?
For the reason that Capital One Enterprise card presents 2X miles on each buy (versus the Financial institution of America Journey Rewards card’s 1.5X factors), you may earn extra rewards for each greenback. However Capital One Enterprise’s $95 annual charge may take a bit out of your rewards, relying in your spending fashion.
Instance of utilizing Capital One Enterprise vs. Financial institution of America Journey Rewards
Let’s say you intend to spend $6,000 a 12 months in your bank card.
With the Capital One Enterprise card, you’ll earn 12,000 miles in a 12 months, which is price $120 in journey. You’ll additionally pay a $95 annual charge, which leaves you with $25 in rewards worth.
The Financial institution of America Journey Rewards card would allow you to earn 9,000 factors, which is price $90 in journey. However you wouldn’t need to pay an annual charge.
On this case of decrease spending on an ongoing foundation, the Financial institution of America Journey Rewards card may be a greater match. However issues change when you think about incomes the welcome bonus in your first 12 months or working to redeem your rewards for max worth.
Capital One Enterprise’s welcome bonus of 75,000 miles kicks in when you spend $4,000 on purchases within the first three months. So assuming you spend that $4,000 of your annual $6,000 in time to earn the welcome bonus (incomes 2X miles on that spending), you’d earn 87,000 miles within the first 12 months. That’s price $870 in journey assertion credit. After subtracting the annual charge, that’s a $775 worth.
You’d get Financial institution of America Journey Rewards’s welcome bonus of 25,000 factors when you spent $1,000 inside the first 90 days in your solution to your annual $6,000 spend. With 1.5X earned plus the bonus, you’d have 34,000 factors in your first 12 months. That’s price $340 in journey.
It’s straightforward to see how the Capital One Enterprise card presents extra worth in your first 12 months, however perhaps not on an ongoing foundation when your redemption is solely as assertion credit score to cowl journey purchases.
| Card | $6,000 spent yearly | $6,000 spent yearly (first 12 months, together with welcome bonus) |
|---|---|---|
| Capital One Enterprise journey rewards worth | $25 (minus annual charge) | $775 (minus annual charge) |
| Financial institution of America Journey Rewards worth | $90 | $340 |
Nevertheless, when you concentrate on redeeming your Capital One miles for high worth by transferring them to a high-value journey accomplice, the scenario adjustments. In accordance with Bankrate’s newest valuations, Capital One miles are price about 1.7 cents every when redeemed this fashion. Your rewards worth adjustments considerably in that case.
| Card | $6,000 spent yearly | $6,000 spent yearly (first 12 months together with welcome bonus) |
|---|---|---|
| Capital One Enterprise journey rewards worth | $109 (when redeemed by way of excessive worth switch companions, minus annual charge) | $1,384 (when redeemed by way of excessive worth switch companions, minus annual charge) |
| Financial institution of America Journey Rewards worth | $90 | $340 |
Why you need to get the Capital One Enterprise card
There are many causes to decide on the Enterprise card from Capital One, together with its superior rewards charge. Listed here are extra components to contemplate.
Card advantages
This card presents cardholders as much as $100 in credit score towards International Entry or TSA PreCheck. Different Capital One Enterprise advantages embody 24-hour journey help, auto rental insurance coverage, journey accident insurance coverage and prolonged warranties on eligible gadgets.
Redemption choices
The Capital One Enterprise card enables you to money in your miles at a charge of 1 cent every to cowl journey purchases made in your card inside the final 90 days. And with no miles expiration, blackout dates or reserving website limitations, you might have flexibility.
And bear in mind, you may get much more bang in your buck by transferring miles to Capital One’s airline and resort switch companions. Bankrate’s valuation of Capital One miles — when transferred to a high-value journey accomplice — is about 1.7 cents every.
Beneficial credit score rating
You usually want good to glorious credit score, within the 670 to 850 vary, to qualify for this Capital One card.
Why you need to get the Financial institution of America Journey Rewards card
The Journey Rewards card from Financial institution of America generally is a good possibility when you don’t need to pay an annual charge. However there are different issues to bear in mind.
Card advantages
This card doesn’t have as many perks as different journey playing cards, nevertheless it does include the intro APR in addition to the power to redeem factors as much as one 12 months after the acquisition was made (versus Capital One Enterprise’s 90 days). You’ll additionally get the everyday free entry to your credit score rating, digital pockets know-how and on-line banking choices. And Financial institution of America Most well-liked Rewards members can earn 25 p.c to 75 p.c extra factors for each buy.
Redemption choices
The Financial institution of America Journey Rewards card enables you to redeem factors at a charge of 1 cent every to cowl journey purchases charged to your card inside the final 12 months. These factors could be cashed in as reward playing cards, a press release credit score or money. Past typical journey bills, you can too get rewarded for issues like eating and occasion tickets.
Beneficial credit score rating
You usually want an excellent to glorious credit score rating of 670 or increased to qualify.
The underside line
Each the Financial institution of America Journey Rewards and Capital One Enterprise playing cards provide factors or miles for every greenback you spend and suppleness relating to cashing in your rewards. Nevertheless, the Capital One Enterprise could have increased incomes potential when you can spend sufficient to justify the annual charge and are prepared to switch your rewards to high-value journey companions.
Examine these two choices with the very best bank cards in the marketplace at this time earlier than you resolve.
Details about the Financial institution of America® Journey Rewards bank card was final up to date on March 22, 2024.
For Capital One merchandise listed on this web page, among the above advantages are supplied by Visa® or Mastercard® and should fluctuate by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
