Key takeaways
- The Capital One Enterprise Rewards Credit score Card affords a better welcome bonus and rewards fee in comparison with the Financial institution of America® Journey Rewards bank card.
- The Financial institution of America card has no annual payment, whereas the Capital One Enterprise card costs a $95 annual payment.
- Neither card costs 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 a great 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 result 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 value evaluating the rewards potential to the fee. Learn the way 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 while you spend $1,000 inside 90 days of account opening, equal to $250 in journey |
| Rewards fee | Limitless 2X miles on each buy, plus 5X miles on accommodations and rental automobiles 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% payment (min $10) applies to all steadiness transfers within the first 60 days. |
| Annual payment | $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. Nonetheless, the Financial institution of America Journey Rewards card wins by way of the annual payment.
Welcome bonus winner
Reputation amongst Bankrate customers winner
Which card earns essentially the most?
Because the Capital One Enterprise card affords 2X miles on each buy (versus the Financial institution of America Journey Rewards card’s 1.5X factors), you’ll be able to earn extra rewards for each greenback. However Capital One Enterprise’s $95 annual payment might take a bit out of your rewards, relying in your spending model.
Instance of utilizing Capital One Enterprise vs. Financial institution of America Journey Rewards
Let’s say you propose to spend $6,000 a yr in your bank card.
With the Capital One Enterprise card, you’ll earn 12,000 miles in a yr, which is value $120 in journey. You’ll additionally pay a $95 annual payment, 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 value $90 in journey. However you wouldn’t should pay an annual payment.
On this case of decrease spending on an ongoing foundation, the Financial institution of America Journey Rewards card is perhaps a greater match. However issues change when you think about incomes the welcome bonus in your first yr 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 yr. That’s value $870 in journey assertion credit. After subtracting the annual payment, 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 throughout the first 90 days in your approach to your annual $6,000 spend. With 1.5X earned plus the bonus, you’d have 34,000 factors in your first yr. That’s value $340 in journey.
It’s simple to see how the Capital One Enterprise card affords extra worth in your first yr, however perhaps not on an ongoing foundation when your redemption is just as assertion credit score to cowl journey purchases.
| Card | $6,000 spent yearly | $6,000 spent yearly (first yr, together with welcome bonus) |
|---|---|---|
| Capital One Enterprise journey rewards worth | $25 (minus annual payment) | $775 (minus annual payment) |
| Financial institution of America Journey Rewards worth | $90 | $340 |
Nonetheless, should you deal with redeeming your Capital One miles for high worth by transferring them to a high-value journey accomplice, the state of affairs modifications. Based on Bankrate’s newest valuations, Capital One miles are value about 1.7 cents every when redeemed this manner. Your rewards worth modifications considerably in that case.
| Card | $6,000 spent yearly | $6,000 spent yearly (first yr together with welcome bonus) |
|---|---|---|
| Capital One Enterprise journey rewards worth | $109 (when redeemed through excessive worth switch companions, minus annual payment) | $1,384 (when redeemed through excessive worth switch companions, minus annual payment) |
| Financial institution of America Journey Rewards worth | $90 | $340 |
Why it’s best 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 fee. Listed here are extra elements to contemplate.
Card advantages
This card affords cardholders as much as $100 in credit score towards World 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 fee of 1 cent every to cowl journey purchases made in your card throughout the final 90 days. And with no miles expiration, blackout dates or reserving web site limitations, you will have flexibility.
And bear in mind, you will 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.
Advisable 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 it’s best to get the Financial institution of America Journey Rewards card
The Journey Rewards card from Financial institution of America is usually a good choice should you don’t need to pay an annual payment. However there are different concerns to bear in mind.
Card advantages
This card doesn’t have as many perks as different journey playing cards, but it surely does include the intro APR in addition to the power to redeem factors as much as one yr after the acquisition was made (versus Capital One Enterprise’s 90 days). You’ll additionally get the standard free entry to your credit score rating, digital pockets expertise 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 fee of 1 cent every to cowl journey purchases charged to your card throughout the final yr. These factors may be cashed in as reward playing cards, an announcement credit score or money. Past typical journey bills, you can even get rewarded for issues like eating and occasion tickets.
Advisable credit score rating
You usually want a great 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 adaptability on the subject of cashing in your rewards. Nonetheless, the Capital One Enterprise might have increased incomes potential should you can spend sufficient to justify the annual payment and are keen to switch your rewards to high-value journey companions.
Examine these two choices with the most effective 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, a few of the above advantages are offered by Visa® or Mastercard® and should differ by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
