Capital One QuicksilverOne vs Bank of America Premium Rewards: Which Is Better In 2026?

Bank of America® Premium Rewards® Breakdown

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Why We Like It

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Here’s a closer look at why we’re fans of the Bank of America® Premium Rewards® card.

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• The card offers a valuable introductory bonus and useful annual statement credits that can provide significant value to cardholders.
• Its rewards structure is simple and effective, offering accelerated earnings on popular travel and dining categories while still rewarding all other spending.
• With no foreign transaction fees and a suite of travel insurance protections, it's a solid choice for both domestic and international trips.

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Pros

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• Significant rewards bonus for eligible Bank of America Preferred Rewards members.
• Broad bonus categories for travel and dining that include everyday purchases like rideshares, food delivery, and tourist attractions.
• Straightforward redemption process with a fixed point value, eliminating the complexity of transfer partners.

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Cons

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• Rewards points cannot be transferred to airline or hotel partners, which can limit opportunities for high-value redemptions.
• The card’s highest earning potential is reserved for customers with existing Bank of America accounts.
• It lacks some premium travel perks, such as airport lounge access, that are common on other travel cards.

Bank of America® Premium Rewards® vs Capital One QuicksilverOne Cash Rewards

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Categories

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Deciding which is better, the Capital One QuicksilverOne or Bank of America Premium Rewards, depends entirely on your financial goals and spending habits. Each card is designed for a different type of consumer, excelling in its own specific category.

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• Capital One QuicksilverOne Cash Rewards Credit Card: This card is best for credit builders, as it's designed for those with average credit who want to improve their score while earning rewards.
• Bank of America® Premium Rewards® Credit Card: This card is best for frequent travelers, positioned as a mid-tier travel card that excels in providing perks and rewards for travel and dining purchases.

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Redemption

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Capital One QuicksilverOne Cash Rewards: Your rewards are earned as cash back, which you can redeem at any time and for any amount. You can receive your cash back as a statement credit or a check, making it a simple and flexible process.

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Bank of America® Premium Rewards®: This card earns points that can be redeemed in several ways, including for travel, cash back, or gift cards. The most value is often found when redeeming for travel through the issuer's portal or as a statement credit against travel and dining purchases.

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Compare Top Rated Credit Cards with Kudos

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To make the decision easier, you can use a tool like Kudos, which helps you compare nearly 3,000 credit cards based on your unique spending habits.

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• Test drive a credit card: Before you apply, you can simulate your potential earnings with any card using your actual spending data. This gives you a personalized projection of annual rewards and a direct comparison to your current cards.
• Welcome offer guarantee: If you find a better public welcome offer for a card you got through Kudos within three months, Kudos will match it.
• Approval odds: Get a detailed analysis of your approval chances based on your credit report before you submit an application.
• Kudos Boost: Earn extra rewards on top of your card’s regular rewards when you shop at participating stores through the platform.
• $100 Kudos Kickstart+: You can unlock $100 in rewards by adding certain eligible cards to your Kudos Wallet after approval.

Who Should Choose the Capital One QuicksilverOne Cash Rewards?

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The Capital One QuicksilverOne Cash Rewards card is an excellent choice for individuals looking to build their credit, as it's specifically designed for those with average credit scores. It also appeals to everyday spenders who prefer a straightforward, unlimited 1.5% cash back on all purchases without worrying about rotating categories. Additionally, international travelers can benefit from having no foreign transaction fees, and entertainment lovers gain access to exclusive events through Capital One Entertainment.

Who Should Choose the Bank of America® Premium Rewards®?

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The Bank of America® Premium Rewards® credit card is an excellent choice for moderate travelers and everyday spenders looking for solid rewards without a high annual fee. It's particularly valuable for existing Bank of America or Merrill clients, as the Preferred Rewards program can boost point earnings by 25% to 75%. Those who appreciate straightforward redemptions will also find it appealing, as points have a fixed value and can be easily redeemed for cash back or travel, unlike more complex travel point systems.

Alternatives to Consider

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If our Capital One QuicksilverOne vs Bank of America Premium Rewards comparison has you looking for other options, consider these alternatives that might be a better fit for your wallet.

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_{Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.}

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Tips for Application Success

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Before You Apply

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• Check your credit score: Know where you stand, as most rewards cards require good to excellent credit for approval.
• Plan your spending: Make sure you can naturally meet any minimum spending requirement for a welcome offer without overspending.
• Review issuer rules: Check for any application restrictions and see if an existing banking relationship could improve your odds.

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Application Strategy

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• Time your application: Align your application with large, planned purchases to help meet any spending requirements.
• Look for flexible applications: Some application processes let you see your specific offer after a soft credit check, allowing you to decline without a hard inquiry.
• Match the card to your credit: Apply for cards that align with your credit profile, from credit-builder cards to premium travel cards.

Our Methodology

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We evaluate nearly 3,000 credit cards across the U.S. market — far more than the ~150 cards commonly featured on sites that focus only on products tied to affiliate commissions. Our goal is to provide a comprehensive, unbiased view of the credit card landscape so you can make confident, data-driven decisions.

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Our editorial team combines deep industry experience with rigorous verification standards. While our experts surface the most relevant recommendations in our guides, you can also explore the full dataset yourself through our card explorer tool, which includes thousands of cards — more than 95% of which do not provide us with commissions.

Frequently Asked Questions

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What is an annual fee on a credit card?

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An annual fee is a yearly charge that some credit card issuers bill to you for the benefits and perks that come with the card. These fees can range from under a hundred dollars to several hundred, depending on the card's features.

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What credit score do I need for a rewards card?

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The credit score required for a rewards card varies widely by the card issuer and the specific card itself. Some entry-level rewards cards are available for those with fair credit, while premium travel and cash back cards typically require a good to excellent credit score.

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How does cash back work?

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Cash back rewards allow you to earn back a percentage of the money you spend on your credit card. You can typically redeem these earnings as a statement credit to lower your balance, a direct deposit into your bank account, or a physical check.

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