New: Compare up to 3 cards side-by-side instantly Compare now →
Bank of America Customized Cash Rewards vs Chase Sapphire Preferred
Side-by-side comparison of fees, rewards, benefits, and more.
[ 01 / 02 ]
·
Feature Comparison
| Feature | Bank of America Customized Cash RewardsBank of America | Chase Sapphire PreferredChase |
|---|---|---|
| Rating | 4.3/5 | 4.8/5 |
| Annual Fee | $0 | $95 |
| APR | 17.49% - 27.49% | 19.24% - 27.49% |
| Signup Bonus | $200 online cash rewards bonus after spending $1,000 in 90 days | 75,000 points after spending $5,000 in 3 months |
| Rewards Rate | 6% in a category of your choice first year (3% + 3% first-year bonus), 2% at grocery stores and wholesale clubs (combined $2,500/quarter cap), 1% on everything else | 5X on Chase Travel, 3X on dining & streaming & online groceries, 2X on travel, 1X on everything else |
| Credit Score | good | good |
| Pros | Choose your own 3% category from six options 2% at grocery stores and wholesale clubs Preferred Rewards members can boost cash back up to 75% | 5X on Chase Travel and 3X on dining, streaming, and online groceries 10% anniversary bonus points on prior year's spend No foreign transaction fees |
| Cons | $2,500 quarterly cap on 3% and 2% categories combined Best value requires Bank of America banking relationship Only 1% on non-category purchases | $95 annual fee No airport lounge access Limited premium perks vs. Reserve |
| View Details → | View Details → |
[ 02 / 02 ]
·
Verdict
Our Pick: Chase Sapphire Preferred
With a 4.8/5 rating, the Chase Sapphire Preferred edges out the Bank of America Customized Cash Rewards (4.3/5). At $95/yr, the value proposition is strong. The Chase Sapphire Preferred is the gold standard for everyday travel rewards. With flexible Ultimate Rewards points that transfer to 14+ airline and hotel partners, it's the card that started the travel rewards revolution.