Bank of America® Unlimited Cash Rewards credit card
vs. Capital One Savor Cash Rewards Credit Card

Shield Insurance

MoneyGeek partners with leading industry experts and advertisers to help you get to your financial happy place. Our content is accurate when posted but offers may change over time. We may receive compensation for partner advertisements, but our editorial team independently reviews and ranks products. Learn more about our editorial policies.

Both the Bank of America® Unlimited Cash Rewards Credit Card and Capital One Savor Cash Rewards Credit Card offer appealing cash back rewards and no annual fees, making them strong contenders for your wallet. But the Savor 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 Savor'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.

Credit Card logo for Bank of America® Unlimited Cash Rewards credit card
Bank of America® Unlimited Cash Rewards credit card
Credit Card logo for Capital One Savor Cash Rewards Credit Card
Capital One Savor Cash Rewards Credit Card
MoneyGeek Rating
4.3/ of 5
MoneyGeek Rating
4.7/ of 5
On Issuer's Site
On Issuer's Site

Which Card Is Better for You?

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 Savor 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.

Head-to-Head Comparison: Card Details and Features

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 Savor 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.

    discount icon

    Regular APR: BofA Unlimited Cash

    The BofA Unlimited Cash is the better choice, offering a lower starting APR of 18.74% compared with the Savor Cash's starting APR of 19.99%.

    annualFee icon

    Annual Fee: Tie

    Both the BofA Unlimited Cash and the Savor Cash have no annual fee, making them equally appealing if you're looking to avoid extra costs.

    lowInterestAPR icon

    Introductory 0% APRs: BofA Unlimited Cash

    For introductory 0% APR offers, the BofA Unlimited Cash edges out slightly due to its lower balance transfer fee of 3% for the first 60 days, compared with the Savor Cash’s 5% fee. Both cards offer a 0% APR for 15 months on purchases and balance transfers.

    coins icon

    Rewards: Savor Cash

    The Savor Cash is better for rewards, offering 8% on Capital One Entertainment, 5% on travel booked through Capital One, and 3% on dining and groceries, compared with the BofA Unlimited Cash's flat 1.5% back on all purchases.

    rewards icon

    Welcome Offers: Savor Cash

    The Savor Cash offers a $250 cash back after spending $500 in the first 3 months, and BofA Unlimited Cash offers $200 cash back after spending $1000 in the first 3 months.

    creditApproved icon

    Recommended Credit Score: Tie

    Both the BofA Unlimited Cash and the Savor Cash require a credit score range of 670 to 850, indicating they are accessible if you have good to excellent credit.

    autopay icon

    Penalties and Fees: Savor Cash

    The Savor Cash is slightly better due to its 0% foreign transaction fee, making it a more appealing option for travelers. Both cards have a late fee up to $40 and a similar penalty APR structure. However, the Savor Cash's cash advance fee structure could be less favorable.

    points icon

    Issuer Satisfaction: BofA Unlimited Cash

    Bank of America leads in issuer satisfaction with a rating of 4.5, compared with the Capital One's rating of 4.2.

    airplane icon

    Other Features & Perks: Tie

    Both cards offer unique perks that cater to different needs. The BofA Unlimited Cash provides benefits for Preferred Rewards members and contactless payments, while the Savor Cash offers complimentary Uber One membership and enhanced cash back in specific categories.

Rewards Comparison

If you dine out frequently or spend on entertainment and streaming services, the Savor 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 Savor 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.

Category
BofA Unlimited Cash
Savor Cash

Dining

1.5%

3%

Entertainment

1.5%

3%

Streaming Services

1.5%

3%

Grocery Stores

1.5%

3% (excluding superstores like Walmart and Target)

Hotels and Rental Cars

1.5%

5% (booked through Capital One Travel)

Redeeming Rewards

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 Savor 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.

Methodology

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

FAQ: BofA Unlimited Cash vs. Savor Cash

What are the cash back rewards for each card?

Do either of the cards have an annual fee?

What are the introductory APR offers for these cards?

Are there foreign transaction fees for either card?

Can I earn a welcome bonus with both cards?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.