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

Both the Bank of America® Unlimited Cash Rewards Credit Card and Capital One SavorOne Cash Rewards Credit Card offer appealing cash back rewards and no annual fees, making them strong contenders for your wallet. But the SavorOne Cash edges ahead with its higher cash back rates on dining, entertainment, and groceries.

While the BofA Unlimited Cash offers a solid 1.5% cash back on all purchases and a generous 0% introductory APR period, the SavorOne's bonus categories and lack of foreign transaction fees make it a more versatile choice for many. Still, the BofA Unlimited Cash remains a valuable option, especially if you value simplicity in earning rewards across all purchases.

You might prefer the BofA Unlimited Cash if you value simplicity in your rewards program. With a flat 1.5% cash back on all purchases, it's straightforward and hassle-free, making it a solid choice for consistent rewards on everyday spending.

You might prefer the SavorOne Cash if you spend frequently on dining, entertainment, streaming services and groceries. With higher cash back rates in these categories, you can maximize your rewards where it counts.

Evaluating features like APRs, fees, credit requirements, rewards and introductory offers will clarify which card is for you. For example, if dining and entertainment are significant expenses for you, the SavorOne Cash's higher cash back rates in these categories might be appealing. Conversely, the BofA Unlimited Cash offers simplicity with a flat cash back rate on all purchases.

If you dine out frequently or spend on entertainment and streaming services, the SavorOne Cash card is the clear winner with its 3% cash back in these categories. It also offers the same rate at grocery stores, excluding certain superstores.

On the other hand, the BofA Unlimited Cash card's strength lies in its simplicity, providing a flat 1.5% cash back on all purchases without the need to track specific categories. Although this makes it less competitive for the bonus categories offered by the SavorOne Cash, it could be a better fit if you prefer a straightforward rewards program without the need to align spending with specific categories.

The table outlines the bonus categories for both cards.

With the BofA Unlimited Cash, you can redeem your cash back directly into a Bank of America checking or savings account, or for statement credits. Rewards do not expire as long as your account is open, providing peace of mind for long-term users.

The SavorOne Cash offers a variety of redemption options, including statement credits, checks and even automatic redemption settings. Plus, your cash back won't expire for the life of the account. Both cards offer flexibility without the worry of losing your rewards over time.

MoneyGeek evaluates credit cards like the BofA Unlimited Cash and SavorOne Cash 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.