If you are looking for a new credit card, the Bank of America Customized Cash Rewards or Capital One Walmart Rewards® Mastercard® may be two of the best options available. They both offer rewards for spending, but there are some important differences that you should know about before making your decision.

This article will compare and contrast both products to help you choose the right one for you! Keep reading to learn their main features, what they can add to your everyday life, and some of the disadvantages they have.

Bank of America has always been a frontrunner when it comes to customer-centric products and services. That is why their Customized Cash Rewards credit card is one of the most competitive cards in the market.

This card allows you to choose how to redeem your cash back points according to your personal needs, which is a huge plus for many consumers. Additionally, Bank of America often offers no introductory APR rates and no annual fees, making this card even more attractive for new cardholders.

The sign-up bonus provides a $200 online cash reward after merely $1000 spent within the first three months of card membership. You can swap the rewards categories once a month to maximize your earnings, and Preferred Members can get up to 75% more cash back on their daily spending.

To qualify for this card, you need a credit score between good and excellent. The Bank of America Customized Cash Rewards credit card comes with a Visa signature and has worldwide acceptance. However, it charges a 3% foreign fee on international purchases.

Before applying for this product, see some of its perks and benefits below. 

The Capital One Walmart Rewards® Mastercard® is the perfect companion for your everyday shopping needs. With no annual fee and international coverage by Mastercard, this card is a great option for anyone looking for a reliable way to pay for their purchases both in the U.S. and abroad.

You can earn up to 5% cash back on online and mobile purchases at Walmart, 2% back on in-store shopping, 2% on dining and travel, and 1% on all other eligible purchases. So whether you’re grocery shopping, picking up some clothes from Walmart.com, or traveling overseas, this card has you covered!

To get the card, your credit score must be above 690. There is no 0% introductory APR for new customers and the ongoing variable rate is 17.99% variable. The sign-up bonus is a 5% return for in-store shopping on the first 12 months of card membership.

All earned cash back is redeemable through Walmart discounts, statement credits, gift cards, and travel bookings through Capital One. 

It’s important to understand the benefits and drawbacks to this credit card before sending in an application. Keep reading to see what they are. 

Now that you know all about their features and benefits, you can make an informed decision and choose between the Bank of America Customized Cash Rewards or Capital One Walmart Rewards® Mastercard®. 

The Bank of America Customized Cash Rewards card offers a 3% cash back rate on rotating categories you use daily. You can choose to receive your cash back as a statement credit, deposited into a Bank of America checking or savings account, or used to purchase gift cards. There is no annual fee for this card.

The Capital One Walmart Rewards® Mastercard® offers 5% cash back on all online Walmart purchases, and 1% return on all other purchases. There is no annual fee for this card, and you can redeem your rewards for cash back, statement credits, or gift cards.

Choosing the right card really depends on how you plan to use it. If you want a card that offers a flat rate of cash back on all purchases, then the Bank of America Customized Cash Rewards card is a good option. If you mainly plan to use your card at Walmart USA stores, then the Capital One Walmart Rewards® Mastercard® is a better choice.

And if you feel like neither option is appropriate for your financial needs, we have a third alternative for you! The Citi® Double Cash Card offers a 2% cash back rate on every purchase (1% when you buy, and 1% when you pay).

There’s no annual fee to the card, and it’s a very easy-to-use product for your everyday spending. Check the link below for its full review and see everything that the Citi® Double Cash Card can do for you!