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Capital One vs. Citi Credit Cards – Which Is Best? [2024]

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Capital One and Citi are 2 large financial institutions in the U.S. Both offer standard banking products like checking accounts, savings accounts, and a variety of credit cards.

Citi seems to be shrinking in the world of credit cards compared to its heyday, while Capital One continues to grow every year. Still, both credit issuers offer compelling credit card products worthy of consideration.

But choosing the right card for your situation can seem overwhelming, especially if you’re considering not 1, but 2 credit card issuers.

In this guide, we’ll look at separate credit card categories and isolate the 2 best products available in each segment.

Before we do that, however, let’s look at how Capital One miles compare to Citi ThankYou Rewards.

Comparing Capital One Miles and Citi ThankYou Rewards

Capital One’s proprietary rewards program is called Capital One Miles, and the miles you earn and redeem are Capital One miles.

Similarly, Citi’s proprietary rewards program is called Citi ThankYou Rewards, and the points you earn and redeem are Citi ThankYou Points.

Currently, Citi has a small portfolio of credit cards that participate in ThankYou Rewards, while Capital One’s portfolio is slightly larger.

Remember, Citi and Capital One operate independent points programs, but Capital One miles can be redeemed in these ways:

Similarly, Citi ThankYou Points can be redeemed as follows:

Capital One Miles and Citi ThankYou Rewards both share similar redemption pathways, but you’ll almost always want to avoid PayPal, Amazon.com, online shopping, or cash-back, as these will yield the lowest redemption value. You’ll often get less than 1 cent per point through these redemptions.

Specifically, Capital One miles are worth:

  • Up to 10 cents per mile when transferred to travel partners
  • 1 cent per mile on statement credit travel redemptions
  • 1 cent per mile on Capital One Travel bookings
  • 1 cent per mile on Amazon.com
  • 0.8 cents per mile on PayPal
  • 0.5 to 1.0 cents per mile for gift cards
  • 0.5 cents per mile for cash-back

On the other hand, Citi ThankYou Points are worth:

  • Up to 10 cents per point when transferred to travel partners
  • 1 cent per point on Citi Travel Center bookings
  • Around 1 cent per point for gift cards
  • 0.83 cents per point for online shopping through Shop with Points
  • 0.8 cents per point on Amazon.com
  • 0.5 to 1.0 cents per point for cash-back

Transfer Partnerships

To get maximum value from your Capital One miles or Citi ThankYou Points, you must pay attention to each program’s transfer partners.

Simply put, you can transfer your bank’s points to airline frequent flyer programs or hotel loyalty programs.

From there, you can use those new points or miles to book award travel, including Air France business class, Emirates first class, and much more.

At the moment, there are a series of transfer partners that are offered to both Capital One and Citi (all at a 1:1 ratio unless otherwise noted):

Capital One offers a couple of useful partnerships beyond what Citi offers:

Citi, meanwhile, has access to transfers to Qatar Airways Privilege Club and Thai Airways Royal Orchid Plus.

Overall, we believe Capital One has a slight edge over Citi, simply because of how valuable Air Canada and British Airways are as frequent flyer programs.

Still, Citi’s enhanced transfer ratio with Choice Privileges of 1:2 allows savvy travelers to book Preferred Hotels for some terrific value.

In the end, we value Capital One miles at 1.8 cents each and Citi ThankYou Points at 1.6 cents each.

Bottom Line: Capital One miles are slightly more valuable than Citi ThankYou Points, thanks to partnerships with British Airways Executive Club and Air Canada Aeroplan. However, Citi can be more beneficial for booking hotel stays, thanks to a 1:2 transfer partnership with Choice Privileges.

Best Overall Travel Rewards Card

Between Capital One and Citi, travel rewards credit cards are a big focus. Let’s take a look at our winning products in this section!

Winner: Citi Strata Premier℠ Card

NEW CARD LAUNCH
Citi Strata Premier℠ Card
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Learn More(at our partner's secure site)
Earn 70,000 bonus ThankYou® Points after spending $4,000 in the first 3 months of account opening, redeemable for $700 in gift cards or travel rewards at thankyou.com
70,000 points
$1,120
$95
21.24% - 29.24% (Variable)

The Citi Strata Premier℠ Card is a great all-around travel rewards card that allows you to earn big rewards on a variety of purchases like air travel, at restaurants, supermarkets, gas stations, and more, along with flexible redemption options, all for a modest annual fee.

Pros
  • 10x points on hotels, car rentals, and attractions booked through CitiTravel.com
  • 3x points on air travel, other hotel purchases, restaurants, supermarkets, gas stations, and EV charging stations
  • $100 annual hotel benefit
Cons
    • $95 annual fee
  • Earn 70,000 bonus ThankYou® Points after spending $4,000 in the first 3 months of account opening, redeemable for $700 in gift cards or travel rewards at thankyou.com
  • Earn 10 points per $1 spent on Hotels, Car Rentals, and Attractions booked on CitiTravel.com.
  • Earn 3 points per $1 on Air Travel and Other Hotel Purchases, at Restaurants, Supermarkets, Gas and EV Charging Stations.
  • Earn 1 Point per $1 spent on all other purchases
  • $100 Annual Hotel Benefit: Once per calendar year, enjoy $100 off a single hotel stay of $500 or more (excluding taxes and fees) when booked through CitiTravel.com. Benefit applied instantly at time of booking.
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases
Financial Snapshot
  • APR: 21.24% - 29.24% (Variable)
  • Foreign Transaction Fees: None

The Citi Strata Premier card is currently Citibank’s flagship credit card in the U.S.

This midtier rewards credit card offers impressive overall travel rewards with a streamlined structure that’ll make it easy to maintain all personal expenses on a single card while earning lots of rewards.

It earns 10x points on hotels, car rentals, and attractions booked through CitiTravel.com. It earns 3x ThankYou Points on air travel, gas stations, hotels booked elsewhere, restaurants, EV charging stations, and supermarkets. On all other purchases, you earn 1x ThankYou Points.

This credit card also offers an annual $100 hotel savings benefit when a single stay of $500 or more (excluding taxes and fees) is booked through CitiTravel.com.

You get access to Citi Entertainment, contactless payments, digital wallets, no foreign transaction fees, and no-additional fee authorized user cards, too.

Runner-Up: Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit CardTerms Apply / Rates & Fees
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!

Learn More(at Capital One's secure site)
Get 2x miles plus some of the most flexible redemptions offered by a travel credit card!
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel.
75,000 miles
$1,350
$95
19.99% - 29.99% (Variable)
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent Credit (670-850)

The Capital One Venture Rewards Credit Card is one of the most popular rewards cards on the market. It’s perfect for anyone in search of a great welcome offer, high rewards rates, and flexible redemption options.

Frequent travelers with excellent credit may benefit from this credit card that offers a lot of bells and whistles. And it offers easy-to-understand rewards earning and redemption.

Pros
  • 5x miles per $1 on hotels and rental cars booked through Capital One Travel
  • 2x miles per $1 on all other purchases
  • Global Entry or TSA PreCheck application fee credit
Cons
  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Enrich every hotel stay from the Lifestyle Collection with a suite of cardholder benefits, like a $50 experience credit, room upgrades, and more
  • Transfer your miles to your choice of 15+ travel loyalty programs
Financial Snapshot
  • APR: 19.99% - 29.99% (Variable)
  • Foreign Transaction Fees: None
Rewards Center

Capital One Miles

The Capital One Venture card has been around for many years — over time, its benefits and rewards have transformed, and today, it earns up to 5x Capital One miles:

  • 5x miles on hotels and rental cars booked via Capital One Travel
  • 2x miles on all other purchases

As we mentioned earlier, Capital One miles are worth 1.8 cents per mile, translating to a maximum return on spending of 9%. You’ll also find that the Capital One Venture card earns at least 2x miles on purchases, guaranteeing a minimum return on spending of 3.6%.

The Capital One Venture card also includes a handful of useful travel benefits:

Finally, there are no additional annual fees for authorized users with this credit card (rates & fees).

Bottom Line: The Citi Strata Premier card and the Capital One Venture card are 2 credit cards always competing for market share in the travel rewards segment. We believe the Citi Strata Premier card outranks the Capital One Venture card because of its impressive list of bonus categories; however, it can hold its own, especially with its travel benefits beyond rewards. 

Best Overall Business Card

If you’re running a business, you’ll need the best business card possible to help you be successful, and the best overall business cards, in this instance, are issued by Capital One.

Winner: Capital One Venture X Business Card

Capital One Venture X Business Card
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Capital One Venture X Business card offers at least 2x miles on all purchases, and comes packed with premium perks.

The Capital One Venture X Business card offers at least 2x miles on all purchases, and comes packed with premium perks.
Earn 150,000 bonus miles once you spend $30,000 in the first 3 months from account opening
150,000 miles
$2,700
$395
All charges made on this account are due and payable in full when you receive your periodic statement. The minimum payment due is the New Balance as indicated on your statement.

The information regarding the Capital One Venture X Business card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.


The Capital One Venture X Business card is a great all-around premium rewards card that helps you rack up miles on all of your business expenses.

From 2x miles on all purchases, airport lounge access, an annual travel credit, complimentary employee cards, and more, there is plenty to love about the Capital One Venture X Business card.

Pros
  • 10x miles per $1 on hotels and rental cars purchased through Capital One Travel
  • 5x miles per $1 on flights purchased through Capital One Travel
  • 2x miles per $1 on all other purchases
Cons
  • $395 annual fee (rates and fees)
  • 10x and 5x bonus categories are limited to Capital One Travel bookings
  • Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
  • This card has no preset spending limit, so you get purchasing power that adapts to your spending needs. The annual fee on this card is $395
  • Earn 150,000 bonus miles once you spend $30,000 in the first 3 months from account opening
  • Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
  • Earn unlimited 10X miles on hotels and rental cars and 5X miles on flights booked through Capital One Travel, where you’ll get the best prices on thousands of options
  • Every year, you’ll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings through Capital One Travel
  • Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
  • Skip the lines with up to a $100 statement credit on TSA PreCheck® or Global Entry. Then enjoy unlimited complimentary access to Capital One Lounges and a network of 1,300+ lounges worldwide, including Priority Pass™ and Plaza Premium Group lounges
  • This is a pay-in-full card, so your balance is due in full every month
  • Elevate your stay at luxury hotels and resorts from the Premier Collection with a $100 experience credit and other premium benefits on every booking
Financial Snapshot
  • APR: All charges made on this account are due and payable in full when you receive your periodic statement. The minimum payment due is the New Balance as indicated on your statement.
  • Foreign Transaction Fees: None
Rewards Center

Capital One Miles

The Capital One Venture X Business Card* is our favorite overall business card, as it is incredibly easy to rack up a ton of miles on everyday purchases.

The card offers a sizeable welcome bonus offer: Earn 150,000 miles once you spend $30,000 in the first 3 months from account opening. You’ll earn unlimited 10x miles on hotels and rental cars booked through Capital One Travel, 5x miles on flights booked through Capital One Travel, and unlimited 2x miles on all other purchases.

You’ll also receive many travel perks that can help you run your business, such as complimentary access for you and 2 guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network, benefits through Premier or Lifestyle Collections, and up to $100 credit for Global Entry or TSA PreCheck.

*(Information collected independently. Not reviewed by Capital One.)

Runner-Up: Capital One Spark Miles for Business

Capital One Spark Miles for Business
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Capital One Spark Miles card is a low-annual-fee business card that earns 2x transferable miles on every $1 you spend. (Information collected independently. Not reviewed by Capital One.)

The Capital One Spark Miles card is a low-annual-fee business card that earns 2x transferable miles on every $1 you spend. (Information collected independently. Not reviewed by Capital One.)
Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening.
50,000 miles
$900
$0 intro for the first year, $95 after that
26.24% (Variable)
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

The Capital One Spark Miles for Business is a great option for business owners looking for an uncomplicated rewards card that earns double miles on every purchase they make and offers access to transfer partners, all for a low annual fee.

 

Pros
  • Unlimited 2x miles per $1 spent on all purchases
  • 5x miles per $1 spent on hotel and rental cars purchased through Capital One Travel
  • 2 complimentary visits to a Capital One Lounge per year
Cons
    • Annual fee: $0 intro for the first year, $95 after that
  • Earn a one-time bonus of 50,000 miles – equal to $500 in travel – once you spend $4,500 on purchases within the first 3 months from account opening
  • Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won’t expire for the life of the account
  • Unlimited 5X miles on hotels and rental cars booked through Capital One Travel
  • Transfer your miles to 15+ travel loyalty programs
  • Redeem your miles instantly for any travel-related purchases, from flights and hotels to ride-sharing services
  • Skip the lines with up to a $100 statement credit on TSA PreCheck® or Global Entry
  • $0 intro annual fee for the first year; $95 after that
  • Free employee cards which also earn unlimited 2X miles from their purchases
Financial Snapshot
  • APR: 26.24% (Variable)
  • Foreign Transaction Fees: None
Rewards Center

Capital One Miles

 

The Capital One Spark Miles card is a fantastic card to have in your wallet, as it entitles you to great rewards on business purchases, low fees, and travel benefits.

Right now, you’ll find a welcome bonus on this card, as well as the ongoing ability to earn up to 5x Capital One miles on purchases:

  • 5x miles on hotels and car rentals purchased via Capital One Travel
  • 2x miles on other purchases

This credit card is one of the best cards for business owners because you can confidently use it and get a return on spending of at least 3.6%.

You won’t need to worry about any specific bonus categories; instead, you’ll earn at least 2x miles on all purchases.

The Capital One Spark Miles card also comes with an up to $100 Global Entry/TSA PreCheck application fee credit every 4 years.

Lastly, the Capital One Spark Miles card comes with purchase security, an extended warranty, no foreign transaction fees, and no-additional fee employee cards.

Best Premium Travel Rewards Card

Venice
Image Credit: Rebe Adelaida via Unsplash

If traveling in style is your top priority, getting a premium travel rewards card should be at the top of your to-do list.

Citi doesn’t really compete in this segment, but Capital One offers a fantastic product that fits this niche perfectly.

Winner: Capital One Venture X Rewards Credit Card

Capital One Venture X Rewards Credit CardTerms Apply / Rates & Fees
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Capital One Venture X card is an excellent option for travelers looking for an all-in-one premium credit card.

Learn More(at Capital One's secure site)
The Capital One Venture X card is an excellent option for travelers looking for an all-in-one premium credit card.
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.
75,000 miles
$1,350
$395
19.99% - 29.99% (Variable)
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Excellent (740-840)

The Capital One Venture X Rewards Credit Card is the premium Capital One travel rewards card on the block.

Points and miles fans will be surprised to see that the Capital One Venture X card packs quite the punch when it comes to bookings made through Capital One, all while offering the lowest annual fee among premium credit cards.

Depending on your travel goals and preferences, the Capital One Venture X card could very well end up being your go-to card in your wallet.

 

Pros
  • 10x miles per $1 on hotels and rental cars purchased through Capital One Travel
  • 5x miles per $1 on flights purchased through Capital One Travel
  • 2x miles per $1 on all other purchases
Cons
  • $395 annual fee (rates & fees)
  • Does not offer bonus categories for flights or hotel purchases made directly with the airline or hotel group, the preferred booking method for those looking to earn elite status
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive a $300 annual credit for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and the Partner Lounge Network
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Elevate every hotel stay from the Premier or Lifestyle Collections with a suite of cardholder benefits, like an experience credit, room upgrades, and more
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
Financial Snapshot
  • APR: 19.99% - 29.99% (Variable)
  • Foreign Transaction Fees: None
Rewards Center

Capital One Miles

 

The Capital One Venture X card is one of the hottest credit cards available right now, and it’s easy to see why.

To start, the welcome offer alone will have you itching to add this card to your wallet.

Capital One’s flagship premium credit card enjoys a terrific earning structure of up to 10x Capital One miles:

  • 10x miles on hotels and car rentals booked through Capital One Travel
  • 5x miles on flights booked through Capital One Travel
  • 2x miles on other purchases

If you earn 10x Capital One miles, you’re getting a return on spending of 18%, which is huge.

Every anniversary year, you’ll enjoy a bonus of 10,000 miles. That’s on top of the up to $300 Capital One Travel credit and the Global Entry or TSA PreCheck application fee credit.

This credit card enables you to gain unlimited complimentary visits to Capital One Lounges, Plaza Premium Lounges, and Priority Pass Lounges, as well.

And when you’re booking rental cars, get top-tier Hertz President’s Circle status as a complimentary benefit.

The Capital One Venture X card even includes cell phone insurance, exceptional travel insurance, purchase protection, extended warranty, no foreign transaction fees (rates & fees), and up to 4 authorized users for no additional annual fee (rates & fees).

Best No-Annual-Fee Credit Card

For some people, it’s easier to avoid annual fees altogether, especially if you’re cash-constrained.

Here are the best no-annual-fee credit cards offered by Capital One or Citi.

Winner: Citi® Double Cash Card

Citi Double Cash® Card
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Great card for the average spender with no specific focus category; worry-free cash-back earning on everything!

Learn More(at our partner's secure site)
Great card for the average spender with no specific focus category; worry-free cash-back earning on everything!
Earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.
$200 cash back
$0
0% Intro APR for 18 months on balance transfers, then 19.24% - 29.24% Variable
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Fair to Excellent (580-850)

The Citi Double Cash® Card has long been one of the top cash-back credit cards on the market, and the card now has the ability to earn Citi ThankYou Points!

This means that cardholders of the Double Cash card will now earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Cash back is earned in the form of ThankYou Points. This means each billing cycle, you will earn 1 ThankYou point per $1 spent on purchases and an additional ThankYou point for every $1 paid on your purchase balance as long as there is a corresponding balance in your Purchase Tracker.

Citi has turned the Double Cash card into a top choice for those who are looking for an everyday, no-fuss credit card.

Pros
  • Uncapped 2% for every $1 spent (1% when you buy and another 1% when you pay)
  • Flexible redemption options
  • No annual fee
Cons
  • No bonus categories
  • 3% foreign transaction fees
  • Bonus Offer: Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% – 29.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
  • Citi Double Cash® Card Travel Portal Limited Time Offer: Earn a total of 5 ThankYou Points per $1 spent on hotel, car rental, and attractions, excluding air travel, when booked through the Citi TravelSM portal on ThankYou.com or by calling 1-800-Thankyou and saying “Travel.” Offer is valid through 11:59 PM Eastern Time (ET) 12/31/2024.
Financial Snapshot
  • APR: 0% Intro APR for 18 months on balance transfers, then 19.24% - 29.24% Variable
  • Foreign Transaction Fees: 3% of the U.S. dollar amount of each purchase
Rewards Center

Citi ThankYou Rewards

The Double Cash card represents perhaps the most complete embodiment of the cash-back, low-fee credit card product.

Indeed, it even offers a 0% introductory APR on balance transfers, and it may even provide an additional cash-back offer as part of its welcome bonus.

The Double Cash card earns 2% cash-back on all purchases, which is split up into 1% when you buy and 1% when you pay.

Just remember that even though the Double Cash card’s rewards are ThankYou Points, you’ll only be able to transfer your points to Choice Privileges, JetBlue TrueBlue, and Wyndham Rewards at reduced ratios.

To get access to the complete list of airline partners, you’ll need to also hold the Citi Strata Premier card. If you do have the Citi Strata Premier card, your 2% cash-back is effectively convertible to 2x ThankYou Points, which is equivalent to a 3.2% return on spending.

Otherwise, you can use your ThankYou Points for a fixed value through cash-back, gift cards, or direct deposit.

This credit card also offers access to Citi Entertainment, no-additional fee authorized user cards, and fraud protection.

Runner-Up: Capital One VentureOne Rewards Credit Card

Capital One VentureOne Rewards Credit CardTerms Apply / Rates & Fees
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The card offers unlimited miles at 1.25x per $1 and no annual fee. When you consider the flexible rewards, frequent travelers come out on top.

Learn More(at Capital One's secure site)
The card offers unlimited miles at 1.25x per $1 and no annual fee. When you consider the flexible rewards, frequent travelers come out on top.
Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel.
20,000 miles
$360
$0
19.99% - 29.99% (Variable),0% intro on purchases for 15 months
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Good to Excellent (670-850)

Interested in a travel rewards credit card without one of those pesky annual fees? Then say hello to the Capital One VentureOne Rewards Credit Card.

In addition to no annual fee, the Capital One VentureOne card offers no foreign transaction fees.

But is this card worth its salt, or is it merely a shell of the more popular Capital One Venture card?

Pros
Cons
  • Weak earn rate at 1.25x miles per $1 spent on all purchases
  • No luxury travel or elite benefits
  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn unlimited 1.25X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs
  • Enjoy 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; balance transfer fee applies
Financial Snapshot
  • APR: 19.99% - 29.99% (Variable),0% intro on purchases for 15 months
  • Foreign Transaction Fees: None
Rewards Center

Capital One Miles

Our second-favorite no-annual-fee credit card is the Capital One VentureOne card, which is a terrific choice if you have good credit and want to dip your toes in Capital One’s rewards ecosystem without committing to an annual fee just yet.

The rewards of up to 5x Capital One miles include:

  • 5x miles on hotels and rental cars booked through Capital One Travel
  • 1.25x miles on other purchases

Additionally, the Capital One VentureOne card gets you access to Capital One miles without an annual fee, plus secondary car rental coverage, extended warranty, no foreign transaction fees (rates & fees), and no-additional-fee authorized users (rates & fees).

Best No-Annual-Fee Business Card

Now that we’ve gone over the best no-annual-fee credit cards for personal transactions, let’s walk through the best business credit cards without annual fees.

Winner: Capital One Spark Miles Select for Business

Our favorite no-annual-fee business credit card is the Capital One Spark Miles Select card, which we actually discussed above.

It’s worth mentioning again because you’ll earn at least 1.5x Capital One miles on all purchases, which is equal to a return on spending of 2.7%.

Here is the breakdown:

  • 5x miles on hotels and rental cars booked through Capital One Travel
  • 1.5x miles on other purchases

This no-annual-fee credit card earns rewards that can be transferred to Capital One’s full list of travel partners, which is a game-changer for business owners looking to avoid annual fees.

Also, the Capital One Spark Miles Select card includes purchase protection, extended warranty coverage, roadside assistance, zero fraud liability for unauthorized purchases, secondary rental car coverage, no foreign transaction fees, and employee cards for no additional annual fees.

Runner-Up: Capital One Spark Cash Select for Excellent Credit

Capital One Spark Cash Select for Excellent CreditTerms Apply / Rates & Fees
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Capital One Spark Cash Select card is a great no-annual-fee business credit card that earns 1.5% cash-back on all purchases.

The Capital One Spark Cash Select card is a great no-annual-fee business credit card that earns 1.5% cash-back on all purchases.
Earn a $750 bonus when you spend $6,000 in the first 3 months of account opening.
$750
$0
18.49% - 24.49% Variable

If you’re looking for a cash-back business card with no annual fee, Capital One Spark Cash Select card offers 1.5% cash back on every purchase.

Pros
  • Unlimited 1.5% cash back on every purchase
  • 5% cash-back on hotels and rental cars booked through Capital One Travel
  • No annual fee
Cons
    • Lack of bonus categories
  • Earn a $750 bonus when you spend $6,000 in the first 3 months of account opening
  • Earn unlimited 1.5% cash back for your business on every purchase, everywhere – with no limits or category restrictions
  • No annual fee
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
  • Rewards won’t expire for the life of the account
  • Redeem your cash back rewards for any amount
  • Free employee cards, which also earn unlimited 1.5% cash back on all purchases
  • $0 Fraud Liability for unauthorized charges
Financial Snapshot
  • APR: 18.49% - 24.49% Variable
  • Foreign Transaction Fees: 

The Capital One Spark Cash Select card is the cash-back version of the Capital One Spark Miles Select card.

The good news is that this card offers an impressive welcome bonus for a no-annual-fee card, plus the following rewards structure:

  • 5% cash-back on hotels and rental cars booked via Capital One Travel
  • 1.5% cash-back on all other purchases

Plus, the Capital One Spark Cash Select card has no-additional-fee employee cards, roadside assistance, no foreign transaction fees, and extended warranty.

Best Card for Cash-Back

Money
Image Credit: Katie Harp via Unsplash

Cash-back is the most flexible type of reward. And for some people, it could be totally worth it.

In this section, we’ll show you some of the best credit cards that earn cash-back from Capital One and Citi.

Winner: Capital One Savor Cash Rewards Credit Card

Capital One Savor Cash Rewards Credit Card
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

An excellent cash-back card that offers rewards for categories like dining, entertainment, popular streaming services, and grocery stores. (Information collected independently. Not reviewed by Capital One.)

An excellent cash-back card that offers rewards for categories like dining, entertainment, popular streaming services, and grocery stores. (Information collected independently. Not reviewed by Capital One.)
Earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening.
$300
$95
20.74%-28.74% Variable
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Excellent (740-850)

 

When it comes to rewards credit cards, you can break up most savvy consumers into 2 camps: those who prefer travel rewards and those who prefer cash-back.

Both options can be very lucrative to you and your wallet, especially if you’re using the right card. For those who fall in the “cash is king” camp, you’ll likely find the Capital One Savor card quite compelling.

Pros
  • 10% cash-back on Uber and Uber Eats
  • 8% cash-back on Capital One Entertainment
  • 5% cash-back on hotels and rental cars booked through Capital One Travel
Cons
  • $95 annual fee
  • This is strictly a cash-back card, so it features no travel rewards like other cards offer
  • Earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
  • Earn 8% cash back on Capital One Entertainment.
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won’t expire for the life of the account and there’s no limit to how much you can earn.
Financial Snapshot
  • APR: 20.74%-28.74% Variable
  • Foreign Transaction Fees: 

The Capital One Savor card is among the most impressive cash-back credit cards available. With this card, you’re eligible to earn a welcome bonus, plus up to 10% cash-back in unlimited rewards:

  • 10% cash-back for Uber and Uber Eats purchases
  • 8% cash-back Capital One Entertainment purchases
  • 5% cash-back on hotels and rental cars booked through Capital One Travel
  • 4% cash-back on dining, entertainment, and popular streaming services
  • 3% cash-back at grocery stores
  • 1% cash-back on other purchases

This credit card also offers shopping and travel benefits like extended warranty, zero fraud liability, no foreign transaction fees, and no-additional fee authorized users.

Runner-Up: Citi Custom Cash® Card

Citi Custom Cash® Card
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Earn big on purchases in your top eligible spend category, up to the first $500 each billing cycle, with no annual fee!

Learn More(at our partner's secure site)
Earn big on purchases in your top eligible spend category, up to the first $500 each billing cycle, with no annual fee!
Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
$200
$0
0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 19.24% - 29.24%.
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Fair to Excellent (580-850)

The Citi Custom Cash® Card is inventive when it comes to cash-back credit cards. Instead of earning a set amount of cash-back on predetermined bonus categories, the Citi Custom Cash card earns 5% cash-back on your highest eligible spend category each billing cycle, without an annual fee.

Thanks to that unique perk, you’ll never need to worry about whether you’re using the right card for the right purchase, as your Citi Custom Cash card will always pay you 5% back on whichever category you end up spending the most on each month.

Pros
  • 5% cash-back (on up to $500 each billing cycle) from your largest purchase category, including restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, and live entertainment
  • No annual fee
  • Multiple redemption options
Cons
  • Your 5% category is limited to $500 in spend ($25 in cash-back) each month
  • Not particularly rewarding for any purchases outside of your top 5% cash-back category
  • Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 19.24% – 29.24%, based on your creditworthiness.
  • Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases. Special Travel Offer: Earn an additional 4% cash back on hotels, car rentals, and attractions booked via the Citi Travel℠ portal through 6/30/2025.
  • No rotating bonus categories to sign up for – as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.
  • No Annual Fee
  • Citi will only issue one Citi Custom Cash® Card account per person.
Financial Snapshot
  • APR: 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 19.24% - 29.24%.
  • Foreign Transaction Fees: 3%

One of the best credit cards for cash-back, especially if you’re a relatively low spender from month to month, is the Citi Custom Cash card.

The card currently offers a welcome bonus plus a 0% introductory APR promotion on purchases and balance transfers.

The Citi Custom Cash card earns 5% cash-back in your top eligible spending category each billing cycle (up to the first $500 spent) from the list below:

  • Drugstores
  • Fitness clubs
  • Gas stations
  • Grocery stores
  • Home improvement stores
  • Live entertainment
  • Restaurants
  • Select streaming services
  • Select transit
  • Select travel

Although earning 5% cash-back on these categories is potentially fantastic, there’s a limit of just $500 per billing cycle in these purchases. On other purchases, you’ll earn 1% cash-back.

One of the secrets of this card, though, is that your rewards are earned as ThankYou Points, which means that you can convert your 5% cash-back to a maximum of 8% return on spending if you also have the Citi Strata Premier card.

The Citi Custom Cash comes with access to Citi Entertainment, contactless payments, digital wallet capabilities, zero fraud liability, and no-additional fee authorized users.

Best Business Card for Cash-Back

If you’re running significant expenses through your business, saving an extra 1% or 2% could make an enormous difference in the long run.

If you want to maximize your business’s transactions through cash-back cards, let’s look at our top picks.

Winner: Capital One Spark Cash Plus Card

Capital One Spark Cash Plus CardTerms Apply / Rates & Fees
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

The Capital One Spark Cash Plus card offers an unlimited 2% cash-back on all purchases and helpful features for business owners.

The Capital One Spark Cash Plus card offers an unlimited 2% cash-back on all purchases and helpful features for business owners.
Earn $1,200 cash back once you spend $30,000 in the first 3 months
$1,200
$150
N/A
Upgraded Points credit ranges are a variation of FICO®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.
Excellent (740-850)

The information regarding the Capital One Spark Cash Plus Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.


The Capital One Spark Cash Plus Card is great for business owners looking to improve their bottom line by earning 2% cash-back on all purchases without a high annual fee. Further, with no preset spending limit, the ability to get your $150 annual fee refunded every year you spend at least $150,000, and no-additional-fee employee cards, there is something that every business owner will love (rates & fees).

Pros
  • Unlimited 2% cash-back on all purchases
  • 5% cash-back on hotels and rental cars purchased through Capital One Travel
  • No preset spending limit
Cons
  • Earn a one-time cash bonus of $1,200 once you spend $30,000 in the first 3 months
  • Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions
  • Comes with no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history and credit profile
  • Get your $150 annual fee refunded every year you spend at least $150,000
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
  • Add employee cards for free, and earn unlimited 2% cash back from their purchases
  • $150 annual fee
  • Spark Cash Plus has no APR because your balance is due in full every month
Financial Snapshot
  • APR: N/A
  • Foreign Transaction Fees: None

Our winning cash-back business card is the Capital One Spark Cash Plus card. Right now, you can qualify for a substantial welcome bonus, and this product happens to be a charge card with no preset spending limit.

Earn up to 5% cash-back on purchases:

  • 5% cash-back on rental cars and hotels booked through Capital One Travel
  • 2% cash-back on other purchases

Note that you’ll get your $150 annual fee refunded every year you spend at least $150,000.

Standard benefits include purchase protection, extended warranty, zero fraud liability, roadside assistance, no foreign transaction fees, and no-additional-fee employee cards.

Runner-Up: Costco Anywhere Visa® Business Card by Citi

Costco Anywhere Visa® Business Card by Citi
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Earn 4% cash-back on gas/EV charging purchases, 3% cash-back at restaurants and travel, 2% cash-back at Costco, and 1% on all other purchases.

Learn More(at our partner's secure site)
Earn 4% cash-back on gas/EV charging purchases, 3% cash-back at restaurants and travel, 2% cash-back at Costco, and 1% on all other purchases.
None
$0
20.49% Variable
  • Discover the only business credit card designed exclusively for Costco members
  • 4% cash back on eligible gas and EV charging purchases for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases
  • No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
  • Whether you’re traveling for business or pleasure, enjoy no foreign transaction fees on purchases
  • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
Financial Snapshot
  • APR: 20.49% Variable
  • Foreign Transaction Fees: None

The Costco Anywhere Business card is our runner-up cash-back credit card for business owners.

Although the card is co-branded with Costco, you can earn cash-back on so much more than just Costco purchases.

Currently, the rewards of up to 4% cash-back are broken down as follows:

  • 4% cash-back on eligible gas and EV charging purchases for the first $7,000 per year and 1% after that (including gas at Costco)
  • 3% cash-back on eligible travel purchases worldwide and on restaurants
  • 2% cash-back on other purchases from Costco or Costco.com
  • 1% cash-back on other purchases

With this card, you can also use contactless payments, digital wallets, purchase protection, and Citi Entertainment. Lastly, there are no foreign transaction fees. There’s also no annual fee with your paid Costco membership, and authorized users come with no additional annual fees, too.

Final Thoughts

Citi and Capital One both possess unique credit card offerings that fit neatly into specific target markets.

That’s because Citi and Capital One offer excellent cards for travel or cash-back rewards. There are both ultra-premium options and no-annual-fee options, too.

And lastly, while we value Capital One miles slightly higher than Citi ThankYou Points, you might earn points more quickly with certain cards, such as the Citi Strata Premier card. With such a wide selection of options, you’re bound to find one you’re happy with!

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

Enrollment required through Capital One website or mobile app. Upon enrollment, eligible cardholders will remain at upgraded status level through December 31, 2024.  Please note, enrolling through the normal Hertz Gold Plus Rewards enrollment process (e.g. at Hertz.com) will not automatically detect a cardholder as being eligible for the program and cardholders will not be automatically upgraded to the applicable status tier.  Additional terms apply.

The information regarding the Capital One Spark Miles Select for Business was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Savor Cash Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. 
The information regarding the Capital One Spark Cash Select for Excellent Credit was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Spark Cash Plus Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Venture X Business Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
The information regarding the Capital One Venture X Business Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Information regarding the Capital One Spark Miles for Business was independently collected by Upgraded Points and not provided nor reviewed by the issuer. 

Frequently Asked Questions

Does Capital One or Citi have better credit cards?

It really depends on what customer segment you fall under. We really like the Citi Strata Premier card for middle-of-the-road travel rewards, but it’s also hard to beat the Capital One Venture X card for premium travel rewards.

Consider also the Capital One Venture card, Double Cash card, Citi Double Cash card, Capital One Spark Miles card, or Capital One Spark Cash Plus card.

Are Capital One and Citi the same?

Capital One and Citi are not the same bank. Capital One is headquartered in Virginia, while Citi is headquartered in New York. Capital One and Citi are considered to be competitors.

What is Citi's best credit card?

Right now, Citi’s best credit card is probably the Citi Strata Premier card. It offers 10x points on hotels, car rentals, and attractions booked through CitiTravel.com and 3x points on air travel, hotels, supermarkets, restaurants, EV charging stations, and gas.

Does Capital One have good credit cards?

Capital One’s best cards are the Capital One Venture X card, Capital One Venture card, Capital One VentureOne card, and Capital One Savor card.

On the business side, the best cards are the Capital One Venture X Business card, Capital One Spark Travel Elite card, Capital One Spark Miles card, Capital One Spark Cash Plus card, Capital One Spark Miles Select card, or Capital One Spark Cash Select card.

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About Stephen Au

Stephen is an established voice in the credit card space, with over 70 to his name. His work has been in publications like The Washington Post, and his Au Points and Awards Consulting Services is used by hundreds of clients.

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