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

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.