Bank of America Customized Cash Rewards vs Discover it Cash Back 2023
In head-to-head competition, which of these rewards credit cards wins out? Here’s what each has to offer and how they fare when put to the ultimate test — the cash back you’ll earn for using them.
Bank of America Customized Cash Rewards
Earn 3% on the category of your choice each month. Choose between gas and EV charging, online shopping (including cable, internet, phone plans and streaming), dining, travel, drug stores and pharmacies, or home imp/furnishings. Earn an automatic 2% at grocery stores and wholesale clubs (including those with supermarkets inside) and an unlimited 1% on all else. The 3% and 2% cashback rates apply to the first $2,500 in combined purchases each quarter in the choice category, and at grocery stores and wholesale clubs, then earn unlimited 1% thereafter. Introductory 0% APR for 18 billing cycles on purchases and balance transfers made within 60 days of opening an account. $200 cash rewards bonus after making at least $1,000 in purchases in the first three months.
Discover it Cash Back
Earn 5% cash back at select places (changes quarterly), such as grocery stores, restaurants, gas stations, wholesale clubs, select streaming services, Amazon.com, PayPal purchases, etc. 1% cash back on all other purchases, unlimited cashback match at the end of your first year. 0% intro APR for 15 months on purchases and balance transfers.