Bank of America® Unlimited Cash Rewards vs SavorOne Rewards for Good Credit

It's not easy to pick a new credit card with so many good options in the market. But if you're looking for one with cashback rewards, we have two options for you. Read this post with the comparison to help you decide!


Bank of America® Unlimited Cash Rewards or SavorOne Rewards for Good Credit: comparison and Infos

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Are you dreaming of earning cashback on every purchase? Both Bank of America® Unlimited Cash Rewards and SavorOne Rewards for Good Credit cards can help you achieve this goal. However, how do you decide which one to choose? This review will highlight the features of both cards, enabling you to select the one that best suits your needs.

Bank of America® Unlimited Cash RewardsSavorOne Rewards for Good Credit
Sign-up bonusSpend $1,000 within three months to earn $200 cash bonusNo welcome bonus
Annual fee$0$0
Rewards1,5% to 2,62% in every purchase. Terms apply1% to 3% cashback. Terms apply.
Other perks0% Intro APR for 15 months, Preferred Awards Program to improve your cash back gains.Cash back that never expires, Mastercard benefits.
APR15.49% – 25.49%variable 26.99% APR

Bank of America® Unlimited Cash Rewards 

For those seeking a straightforward credit card with a simple rewards program, the Bank of America Unlimited Cash Rewards is an excellent choice. It is especially convenient if you are already a Bank of America client.

The card offers a flat rate of 1.5% cashback and has no annual fee, making it ideal for those who do not enjoy keeping track of bonus categories. The card is aptly named “Unlimited” since there is no limit to the amount of cashback you can earn each month, and there is no minimum amount required to redeem your rewards.

It’s important not to be swayed by fancy rewards programs that offer higher cashback rates with caps and special conditions. Such programs may be less advantageous than a simple 1.5% flat rate.

If you are a Bank of America customer, you may qualify for the Preferred Rewards Program, which can increase your rewards gains to 2.62% on every purchase.


  • No annual or monthly fee
  • Enjoy the 0% Intro APR for 15 months, one of the highest terms for an intro APR.
  • A good welcome bonus that you can easily achieve by spending $334 per month during the first three months. 
  • Extra cash back for members of the Preferred Awards Program


  • It charges a foreign transaction fee when you use it abroad.
  • The 1.5% cash back flat rate may not seem appealing to some people.
  • Requires a good or excellent credit score.

SavorOne Rewards for Good Credit 

Capital One offers an excellent option for individuals with good credit scores, but not necessarily excellent ones, in the form of the SavorOne Rewards for Good Credit card. This credit card with cashback rewards allows you to build your credit score while earning cashback rewards. Once you have an excellent credit score, you can upgrade to a Capital One credit card with even more benefits.

The SavorOne Rewards for Good Credit card has no annual fee and provides a range of advantageous rewards. However, it’s important to keep an eye on your credit card balance since the APR is slightly higher than other similar credit cards.

The rewards program offers cashback rewards for useful categories such as 3% cashback on dining and supermarkets. As everyone requires food, you may spend a considerable amount of money purchasing it. Now, you can receive a percentage of your food purchases back into your account. For all other purchases, you’ll receive 1% cashback.


  • No annual fee and no monthly maintenance fee.
  • You can apply even if you don’t have an excellent credit score
  • Mastercard branded, so you can use it virtually everywhere on planet Earth and enjoy the Mastercard benefits.
  • Bonus cash back for essential categories: dining and supermarket.
  • It charges no foreign transaction fees, so you can take it on every trip with you.


  • No Intro APR
  • The regular APR is slightly higher than other Capital One credit cards
  • No welcome bonus for new card members

Bank of America® Unlimited Cash Rewards or SavorOne Rewards for Good Credit: which is the right choice? 

Now that we have evaluated the features of both cards, let’s determine the winner of the battle between Bank of America® Unlimited Cash Rewards vs SavorOne Rewards for Good Credit.

Both cards provide reasonable cashback rewards without exorbitant fees. Let’s assess the potential cashback rewards.

With Bank of America Unlimited Cash Rewards, you can receive 1.5% cashback on all purchases. Therefore, if you spend $1,000 in a month, you will earn $15 in cashback.

If you have a Bank of America account with a high amount deposited, you may qualify for the Preferred Awards Program, increasing your cashback to 2.62%. This boosts your earnings from $15 to $26.20 on the same $1,000.

With SavorOne, you earn a basic rate of 1% cashback. If you spend $1,000, you receive $10 in cashback. However, if you spend $300 on restaurants and supermarkets, where you receive 3% cashback, and $700 on other purchases, you can earn $16 in cashback.

Both cards offer unlimited cashback, allowing you to organize your expenses and earn as much cashback as you want.

Regarding fees, both cards have zero annual fees. However, Bank of America Unlimited Cash Rewards charges an international transaction fee, while SavorOne does not. Therefore, if you travel frequently, SavorOne is the preferable option.

Consider a third option: Discover it Cash Back

But don’t go around thinking you have only two options to choose from. We can give you a third option to consider.

The Discover it Cash Back will give you up to 5% in cash back for selected categories. And it also charges a $0 annual fee.

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