Bank of America® Customized Cash Rewards Credit Card
vs. Capital One SavorOne Cash Rewards Credit Card

The Bank of America® Customized Cash Rewards Credit Card and the Capital One SavorOne Cash Rewards Credit Card both offer enticing cash back rewards and share similar introductory APR terms, which might be why you're considering them. The SavorOne Cash edges ahead with its higher overall cash back score, thanks to its unlimited 3% cash back in multiple categories and a $200 welcome offer.

But the BofA Customized Cash is a contender with its customizable cash back categories and the same $200 bonus offer, making it a valuable option if you prefer tailored rewards. Neither card charges an annual fee.

You might prefer the BofA Customized Cash if you're a member of Bank of America's Preferred Rewards program, which could significantly increase your cash back earnings. This card allows you to choose your top earning category, making it a good fit if you have specific spending habits.

You might prefer the SavorOne Cash if you spend regularly across a variety of categories including dining, entertainment and travel. With no foreign transaction fees and a straightforward rewards structure, this card is well-suited if you travel internationally and prefer simplicity.

To determine which card is for you, evaluate features like APRs, fees, credit requirements and rewards. For instance, if you frequently dine out, the SavorOne Cash's unlimited 3% cash back on dining may appeal to you, while the BofA Customized Cash offers high cash back in categories you can choose and change monthly.

The SavorOne Cash card edges out with a higher expected reward value and a broader range of high-earning categories. It's particularly strong if you spend on dining, entertainment and groceries. The BoFA Customized Cash, while not as broadly rewarding, does offer a compelling 3% cash back in a category that you choose every quarter:

• Gas (including EVC stations)
• Online shopping (including cable, streaming, internet and phone services)
• Dining
• Travel
• Drug stores
• Home improvements and furnishings

This feature could be beneficial if your top spending category aligns with one of the eligible choices. But the 3% and 2% cash back categories have a combined quarterly spending cap of $2,500, which may limit rewards for big spenders.

The table lays out the bonus categories for each card, allowing you to visually compare and contrast the rewards programs at a glance.

The BofA Customized Cash allows redemption for cash deposits, statement credits, and more, with the added assurance that cash back doesn't expire as long as the account is open. The SavorOne Cash offers redemption for statement credits, checks and even travel bookings, with no expiration date on rewards. This ensures that regardless of how you choose to redeem, the value you've earned remains accessible.

MoneyGeek evaluates credit cards like the BofA Customized Cash and the SavorOne Cash using a tailored scoring system for various use cases. This approach ensures that the score reflects the card's performance in the scenario where it provides the most value.

For cash back cards, the primary factors we consider are the effective reward rate and the return on investment for offers. These elements — along with annual fees, introductory purchase rates and issuer satisfaction — contribute to a card's overall score. For a detailed understanding of our process, you can review our ranking methodology.