Comparison: Bank of America® Premium Rewards® vs Capital One® Spark® 1% Classic
Compare a premium travel rewards card with a straightforward credit-building business card to see which best fits your goals.
Bank of America® Premium Rewards® Credit Card
★ 5.0 NerdWallet rating
APPLY NOW
on Bank of America’s website
Capital One® Spark® 1% Classic
★ 4.5 NerdWallet rating
APPLY NOW
on Capital One’s website
Compare Features
📊 Recommended Credit Score
Score Range
690-850
Good – Excellent
580-739
Fair – Good
💚 Great For
Categories
- Travel
- Dining
- Rewards
- Bonus Offers
- Airline
- No Foreign Transaction Fee
- Business Credit Building
- Cash Back
- No Annual Fee
- Fair Credit
💳 Annual Fee
Amount
$95
$0
🎁 Bonus Offer
Details
Earn 60,000 online bonus points after spending $4,000 in the first 90 days — a $600 value.
No welcome bonus — focus is on consistent 1% cash back and building credit.
Summary & Opinion
If you’re a frequent traveler and want premium perks, the Bank of America® Premium Rewards® is the clear winner — especially if you qualify for the Preferred Rewards boost.
If your goal is to build or rebuild business credit without an annual fee, the Capital One® Spark® 1% Classic is a simple, low-cost choice with unlimited 1% cash back.
If your goal is to build or rebuild business credit without an annual fee, the Capital One® Spark® 1% Classic is a simple, low-cost choice with unlimited 1% cash back.
Frequently Asked Questions
The Bank of America® Premium Rewards® offers higher earning rates on travel and dining, plus valuable credits for TSA PreCheck®, Global Entry, and airline incidentals.
The Capital One® Spark® 1% Classic is designed for applicants with fair credit, making it easier to get approved than the Premium Rewards®, which typically requires good to excellent credit.
The Premium Rewards® has a $95 annual fee, while the Spark® 1% Classic has no annual fee.
The Spark® 1% Classic earns cash back, while the Premium Rewards® earns points that can be redeemed for cash, travel, or other rewards.
The Capital One® Spark® 1% Classic is built specifically for credit building, reporting to all major business credit bureaus.
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