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

Updated: June 25, 2024

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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.

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 SavorOne Cash Rewards Credit Card
Capital One SavorOne Cash Rewards Credit Card
MoneyGeek Rating
3.9/ of 5
MoneyGeek Rating
3.9/ of 5

  • Regular APR
    19.24%–29.24% variable
    19.99% - 29.99% variable
    0% APR Offer
    0% for 15 billing cycles on purchases
    0% for 15 months on purchases
    Intro Offer
    Earn $200 cash back
    Earn $200 Cash Back
    Rewards Summary
    Earn 1.5% cash back
    Earn 1% to 8% cash back
    Balance Transfer Offer
    0% for 15 billing cycles on balance transfers
    0% for 15 months on balance transfers
    Balance Transfer Fee
    3% for the first 60 days, then 4%
    5% of each transfer ($5 minimum)
    Annual Fee
    Recommended Credit
    670–850 (Good to Excellent)
    670-850 (Good to Excellent)
    Penalty APR
    Up to 29.99% variable APR
    Up to 29.99% (variable)
    Not sure?

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 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.

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 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.

    discount icon

    Regular APR: BofA Unlimited Cash

    The BofA Unlimited Cash is the better choice, offering a lower starting APR of 18.24% compared with the SavorOne Cash's starting APR of 19.99%.

    annualFee icon

    Annual Fee: Tie

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

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    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 SavorOne Cash’s 5% fee. Both cards offer a 0% APR for 15 months on purchases and balance transfers.

    coins icon

    Rewards: SavorOne Cash

    The SavorOne 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.

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    Welcome Offers: SavorOne Cash

    The SavorOne Cash offers a better welcome bonus and a lower spending requirement to earn the $200 cash back compared with the BofA Unlimited Cash.

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    Recommended Credit Score: Tie

    Both the BofA Unlimited Cash and the SavorOne 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: SavorOne Cash

    The SavorOne 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 SavorOne 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.

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    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 SavorOne 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 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.

BofA Unlimited Cash
SavorOne Cash







Streaming Services



Grocery Stores


3% (excluding superstores like Walmart and Target)

Hotels and Rental Cars


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 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.

FAQ: BofA Unlimited Cash vs. SavorOne Cash

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Do either of the cards have an annual fee?
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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.
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