Bank of America® Customized Cash Rewards Credit Card for Students vs PenFed Platinum Rewards Visa Signature® Card
Bank of America® Customized Cash Rewards Credit Card for Students earns more in 11 of the 15 categories we track. Neither has an annual fee.
The basics
| Detail | Bank of America® Customized Cash Rewards Credit Card for Students | PenFed Platinum Rewards Visa Signature® Card |
|---|---|---|
| Annual fee | None | None |
| Card type | Personal | Personal |
| Rewards | Cash Back | PenFed Points |
| Each point is worth | 1.00¢ | 0.85¢ |
| Everywhere else | 1x | 1x |
| Welcome bonus | $200 after $1,000 in 90 days | 15,000 PenFed Points after $1,500 in 90 days |
What each earns
| Category | Bank of America® Customized Cash Rewards Credit Card for Students | PenFed Platinum Rewards Visa Signature® Card |
|---|---|---|
| Gas Stations | 3.0% 3x, up to $2,500 | 4.3% (higher) 5x |
| EV Charging | 3.0% 3x, up to $2,500 | 4.3% (higher) 5x |
| Dining & Restaurants | 3.0% (higher) 3x, up to $2,500 | 2.5% 3x |
| Amazon & Online Shopping | 3.0% (higher) 3x, up to $2,500 | 0.8% 1x |
| Travel | 3.0% (higher) 3x, up to $2,500 | 0.8% 1x |
| Airfare | 3.0% (higher) 3x, up to $2,500 | 0.8% 1x |
| Car Rentals | 3.0% (higher) 3x, up to $2,500 | 0.8% 1x |
| Card Travel Portals | 3.0% (higher) 3x, up to $2,500 | 0.8% 1x |
| Hotels & Lodging | 3.0% (higher) 3x, up to $2,500 | 0.8% 1x |
| Drugstores & Pharmacies | 3.0% (higher) 3x, up to $2,500 | 0.8% 1x |
| Home Improvement | 3.0% (higher) 3x, up to $2,500 | 0.8% 1x |
| Groceries | 2.0% 2x, up to $2,500 | 2.5% (higher) 3x |
| Streaming | 1.0% 1x | 2.5% (higher) 3x |
| Wholesale Clubs | 2.0% (higher) 2x, up to $2,500 | 0.8% 1x |
| Everything else | 1.0% (higher) 1x | 0.8% 1x |
Returns are the points per dollar times what a point is worth, using your smart setting. Caps and rotating categories change what you actually earn. How we value rewards
The better question is which one adds more to the cards you already have.
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