Capital One Savor vs Bank of America Premium Rewards: Which Is Better In 2026?

Bank of America® Premium Rewards® Breakdown

‍

[[ SINGLE_CARD * {"id": "189", "isExpanded": "false", "bestForCategoryId": "15", "bestForText": "Frequent Travelers", "headerHint": "2x Points on Dining and Travel"} ]]

‍

Why We Like It

‍

Here’s a closer look at why we’re fans of the Bank of America® Premium Rewards® card.

‍

• It offers a simple yet effective rewards structure that covers a wide range of travel and dining purchases.
• Cardholders receive annual statement credits that help offset common travel costs.
• The card becomes especially powerful for those who already bank with Bank of America, thanks to its loyalty bonus program.

‍

‍

Pros

‍

• Offers a valuable rewards bonus for eligible Bank of America and Merrill clients through the Preferred Rewards program.
• Includes valuable travel perks like credits for airline incidentals and airport security programs.
• Features broad bonus categories for travel and dining, with simple, fixed-value redemption options.

‍

Cons

‍

• Points can’t be transferred to airline and hotel loyalty programs, which limits the potential for high-value travel redemptions.
• The card is significantly less rewarding for those who don’t already bank with Bank of America.
• It lacks premium travel perks like airport lounge access.

Bank of America® Premium Rewards® vs Capital One Savor Cash Rewards

‍

Categories

‍

Deciding which is better, Capital One Savor or Bank of America Premium Rewards, comes down to your primary spending habits. Each card excels in different areas, catering to distinct lifestyles and priorities.

‍

• Capital One Savor Cash Rewards Credit Card is a premium rewards card designed for food enthusiasts and entertainment seekers. It's an excellent fit for those who frequently dine out or spend on entertainment like concerts and movies.
• Bank of America® Premium Rewards® Credit Card is best suited for frequent travelers, especially those who already have a banking or investment relationship with Bank of America. The card offers benefits tailored to travel and dining expenses.

‍

Redemption

‍

Capital One Savor Cash Rewards: As a cash back card, its rewards can be redeemed simply as a statement credit or a check.

‍

Bank of America® Premium Rewards®: This card earns points that offer flexible redemption options, including for travel, cash back, or gift cards, with potentially greater value for existing Bank of America customers.

‍

Compare Top Rated Credit Cards with Kudos

‍

To make the right choice, a tool like Kudos can help you compare nearly 3,000 credit cards and find the best fit for your spending.

‍

• Test drive credit cards: The platform’s “Test Drive” feature lets you simulate potential earnings from different cards using your real spending data before you apply.
• Personalized recommendations: Get matched with cards that will earn you the most rewards based on your actual spending history.
• Welcome offer guarantee: If you find a better public welcome offer within three months of getting a card through Kudos, the platform will match it.
• $100 Kudos Kickstart+: Unlock $100 in rewards by adding select approved cards to your Kudos Wallet.
• Detailed approval odds: Receive a detailed analysis of your approval odds based on your credit report.

Who Should Choose the Capital One Savor Cash Rewards?

‍

The Capital One Savor Cash Rewards card is a great fit for urban professionals and active families who frequently spend on dining out and entertainment. With unlimited 3% cash back on dining, entertainment, popular streaming services, and at grocery stores, it's designed to reward your social lifestyle. Additionally, the card is an excellent travel companion since it has no foreign transaction fees, making it ideal for those who enjoy exploring new places.

Who Should Choose the Bank of America® Premium Rewards®?

‍

The Bank of America® Premium Rewards® credit card is an excellent choice for moderate travelers and everyday spenders looking for solid rewards without a high annual fee. It's particularly valuable for existing Bank of America customers, as those enrolled in the Preferred Rewards program can earn a rewards bonus of up to 75% on every purchase. Cardholders who appreciate simplicity and flexible redemptions will also benefit, as points have a straightforward value for cash back, travel, and more.

Alternatives to Consider

‍

If you've decided that neither the Capital One Savor Cash Rewards card nor the Bank of America® Premium Rewards® card is the right choice for you, your search isn't over. While our Capital One Savor vs Bank of America Premium Rewards comparison highlights two strong contenders, other cards might better align with your spending habits.

‍

[[ COMPARE_CARD * {"ids": ["509", "118"], "bestCategoryIds":["17", "18", "19"], "bestForTexts":["Exceptional Value", "Generous Travel Rewards"]} ]]

‍

_{Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.}

‍

Tips for Application Success

‍

Before You Apply

‍

• Check your credit score - Most rewards cards require a good to excellent credit history for approval.
• Review your spending - Choose a card that rewards your most frequent spending categories.
• Consider bank relationships - Some issuers offer enhanced rewards or benefits for existing customers.

‍

Application Strategy

‍

• Time your application - Apply before a large planned purchase to help meet any spending requirements.
• Leverage bank relationships - Some issuers, like Bank of America, may offer enhanced rewards to existing customers.
• Understand the inquiry type - Some applications involve a soft pull first, while others result in an immediate hard inquiry.

Our Methodology

‍

We evaluate nearly 3,000 credit cards across the U.S. market — far more than the ~150 cards commonly featured on sites that focus only on products tied to affiliate commissions. Our goal is to provide a comprehensive, unbiased view of the credit card landscape so you can make confident, data-driven decisions.

‍

Our editorial team combines deep industry experience with rigorous verification standards. While our experts surface the most relevant recommendations in our guides, you can also explore the full dataset yourself through our card explorer tool, which includes thousands of cards — more than 95% of which do not provide us with commissions.

Frequently Asked Questions

‍

Which card is better for dining and entertainment spending?

‍

The Capital One Savor card is specifically designed for these categories, typically offering high cash back rates on dining, entertainment, and popular streaming services. While the Bank of America Premium Rewards card also earns on dining, the Savor card is generally the stronger choice for this type of spending.

‍

What are the annual fees for these cards?

‍

Both the Capital One Savor and Bank of America Premium Rewards cards have an annual fee, though the exact amounts can change. It is always best to check the issuer's official terms for the most current fee information before you apply.

‍

Which card offers more flexible travel rewards?

‍

The Bank of America Premium Rewards card is built for travel, with points that can be redeemed for flights and hotels or as a statement credit against travel purchases. The Savor card's cash back is inherently flexible, but it lacks the travel-specific redemption bonuses that the Premium Rewards card offers.

‍

Do I need good credit for the Savor and Premium Rewards cards?

‍

Yes, both are premium rewards cards generally intended for applicants with a good to excellent credit history. While issuers don't publish exact score requirements, a strong credit profile is usually necessary for approval.

‍

‍