Comparison Bank of America® Premium Rewards® credit card vs Capital One® Spark® 1% Classic

Choose the best option based on your needs

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Bank of America® Premium Rewards® Credit Card

★ 4.8 NerdWallet rating

APPLY NOW

on Bank of America’s website

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Capital One® Spark® 1% Classic

★ 3.8 NerdWallet rating

APPLY NOW

on Capital One’s website

Compare Features

📊 Recommended Credit Score

Score Range

720–850

Excellent Credit

580–669

Fair Credit

💚 Great For

Categories
  • Travel
  • Dining
  • Premium Benefits
  • TSA Credit
  • Cash Back
  • Statement Credits
  • Business
  • Flat-Rate Rewards
  • Credit Building

💳 Annual Fee

Amount

$95

$0

🎁 Bonus Offer

Details

Earn 60,000 bonus points (worth $600) after spending $4,000 in the first 90 days.

No sign-up bonus, but earns unlimited 1% cash back on every purchase.

Summary & Opinion

The Bank of America® Premium Rewards® Credit Card is designed for consumers with excellent credit who want to maximize rewards on travel and dining, enjoy luxury perks like airline and TSA credits, and benefit from Bank of America’s Preferred Rewards® boost.
It has a $95 annual fee but offers a strong welcome bonus and flexible point redemptions — especially for loyal BofA users.

On the other hand, the Capital One® Spark® 1% Classic is geared toward small business owners or individuals with fair credit who are looking to build or rebuild their credit.
It has no annual fee and offers a simple 1% cash back structure, but lacks premium benefits and sign-up incentives.

Opinion: If you qualify, the Premium Rewards® card delivers far more value — especially if you travel, dine out, or are a Preferred Rewards® member.
However, the Spark® 1% Classic is a solid fallback option if your credit score isn’t quite there yet and you’re focused on credit improvement over perks.

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