Excellent electrical, mechanical, optical and thermal properties are attributed to carbon nanotubes. Carbon nanotubes need to be functionalized to form a homogeneous dispersion. In this work, catalytically produced carbon nanotubes have been functionalized under two different conditions using the same acid medium. The effect of the two reaction routes on the carbon nanotubes, in terms of the extent of covalent functionalization has been determined by several techniques. Scanning electron microscopy aided in the observation of their morphology and X-ray diffraction was used to ascertain their structure. Other analytical characterization tools employed were Fourier transform infrared spectroscopy, Zeta potential measurement, UV spectroscopy, Oxygen percentage analysis, Boehm’s titration and visual dispersion. Results show that carbon nanotubes functionalized by refluxing in the acids are much better dispersed.