Bank of America Premium Rewards Card vs Capital One Venture X Rewards
Head-to-head comparison of every feature, fee, and perk
At a Glance
Annual Fee
$95
vs
$395
Base Rewards
1.5x
vs
2x
Sign-Up Bonus
$600
vs
$750
Editor Score
8/10
vs
10/10
Detailed Comparison
| Category wins | 2/6 | 4/6 |
| Fees & APR | ||
| Annual Fee | $95★ Lowest | $395✗ Highest |
| Purchase APR | 19.49% – 29.49% | 19.99% – 29.99% |
| Intro APR (Purchases) | ||
| Intro APR (Balance Transfer) | ||
| Foreign Txn Fee | None★ Lowest | None |
| Balance Transfer Fee | 3% | None |
| Rewards | ||
| Rewards Type | Points | Miles |
| Base Rewards Rate | 1.5x✗ Lowest | 2x★ Highest |
| Bonus Categories | 2x Travel · 2x Dining | 10x Hotels & Cars (Capital One) · 5x Flights (Capital One) |
| Sign-Up Bonus | $600 value✗ Lowest | $750 value★ Highest |
| Eligibility | ||
| Credit Score | Excellent (750+) | Excellent (750+) |
| Network | Visa | Visa |
| At a Glance | ||
| Best For | Bank of America Preferred Rewards Platinum Honors members | Premium travelers seeking maximum value |
| Ratings | ||
| User Rating | 4.3 / 5✗ Lowest | 4.8 / 5★ Highest |
| Editor Score | 8 / 10✗ Lowest | 10 / 10★ Highest |
| Apply Now | Apply | Apply |
| Full Review | View details → | View details → |
| Pros & Cons | ||
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Our verdict: Capital One Venture X Rewards
The Bank of America Premium Rewards Card ($95/year) and the Capital One Venture X Rewards ($395/year) compete on different axes. The Bank of America Premium Rewards Card's strongest category is 2x on Travel, while the Capital One Venture X Rewards leads with 10x on Hotels & Cars (Capital One). The Capital One Venture X Rewards costs $300 more per year, so you need at least $300 in incremental rewards to justify it over the Bank of America Premium Rewards Card. At typical spend levels this breaks even somewhere between $9,000 and $18,000 in bonus-category purchases annually. Our scoring model gives the edge to the Capital One Venture X Rewards — it leads on 4 of the 5 key dimensions we evaluate. That said, this ranking is algorithmic; your specific spending pattern can flip the answer.
Leads on 4 of 5 key comparison dimensions
Dimension-by-dimension
| Dimension | Bank of America Premium Rewards Card | Capital One Venture X Rewards |
|---|---|---|
| Annual Fee | $95/year | $395/year |
| Base Reward Rate | 1.5x on everything | 2x on everything |
| Top Bonus Category | 2x on Travel | 10x on Hotels & Cars (Capital One) |
| Sign-Up Bonus | 60,000 points after spending $4,000 in 90 days | 75,000 miles after spending $4,000 in 3 months |
| Lounge Access | No | Yes |
Green checkmark indicates the card that leans stronger on that dimension. Our scoring model evaluates these quantitatively — your specific needs may shift the answer.
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Common Questions
Which is better: Bank of America Premium Rewards Card or Capital One Venture X Rewards?
It depends on your spending habits. The Bank of America Premium Rewards Card has a $95 annual fee and earns 1.5x base rewards. The Capital One Venture X Rewards has a $395 annual fee and earns 2x base rewards. Compare their bonus categories above to see which aligns better with your spending.
What is the annual fee difference between Bank of America Premium Rewards Card and Capital One Venture X Rewards?
The Bank of America Premium Rewards Card has a $95 annual fee while the Capital One Venture X Rewards has a $395 annual fee. The Capital One Venture X Rewards costs $300 more per year, so it needs to deliver that much extra value in rewards and perks to justify the difference.
Can I have both the Bank of America Premium Rewards Card and Capital One Venture X Rewards?
Yes, since these cards are from different issuers (Bank of America and Capital One), you can hold both. Many people pair cards from different banks to maximize bonus category coverage across all their spending.