Bank of America Premium Rewards
Bank of America
$95/yrCash BackNo foreign feeVisaExcellent
View issuer offerComparison brief
Bank of America Premium Rewards vs. Chase Sapphire Preferred
Browse all comparisons
Short answer: both charge $95, but the Sapphire Preferred is the stronger earner if you will transfer points, and Premium Rewards is the simpler card if you want plain cash value. After the credits we count as usable, Premium Rewards costs about $20 ($95 minus $50 of its $100 airline incidental credit and $25 for Global Entry), and the Preferred about $65 (its Global Entry credit is the only one we count). Premium Rewards earns 2x on dining and travel and 1.5x on everything else, in points we value at one cent each, with no transfer partners. The Preferred earns 3x on dining, streaming, online groceries, and gas and 2x on other travel, with Chase transfer partners. Choose Premium Rewards if most of your spending falls outside the Preferred’s bonus categories and you will use its airline credit. Choose the Preferred if your spending is dining, streaming, groceries, and gas, or you will transfer points. Bank of America has no portal of its own in our catalog, and the Preferred’s 5x applies only at Chase Travel. The head-to-head run below solves both cards against your own spending.
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Overview
$95/yrChase Ultimate RewardsNo foreign feeVisaGood
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Which wins on my spending?
Runs the optimizer on these two cards alone, one card allowed, against your own monthly spending.
Earn rates
Everyday categories
Dining
- Bank of America Premium Rewards
- 2%
- Chase Sapphire Preferred
- 3x
EV Charging
- Bank of America Premium Rewards
- 1.5%
- Chase Sapphire Preferred
- 3x
Flights outside issuer portals
- Bank of America Premium Rewards
- 2%
- Chase Sapphire Preferred
- 2x
Gas stations (excluding Costco Gas)
- Bank of America Premium Rewards
- 1.5%
- Chase Sapphire Preferred
- 3x
Groceries — online
- Bank of America Premium Rewards
- 1.5%
- Chase Sapphire Preferred
- 3x
Hotels outside issuer portals
- Bank of America Premium Rewards
- 2%
- Chase Sapphire Preferred
- 2x
Other travel outside issuer portals
- Bank of America Premium Rewards
- 2%
- Chase Sapphire Preferred
- 2x
Streaming
- Bank of America Premium Rewards
- 1.5%
- Chase Sapphire Preferred
- 3x
Tours & Activities (booked direct)
- Bank of America Premium Rewards
- 2%
- Chase Sapphire Preferred
- 2x
Travel - Car Rentals / Agencies / Cruises
- Bank of America Premium Rewards
- 2%
- Chase Sapphire Preferred
- 2x
Travel - Vacation Homes
- Bank of America Premium Rewards
- 1.5%
- Chase Sapphire Preferred
- 3x
Everything else
- Bank of America Premium Rewards
- 1.5%
- Chase Sapphire Preferred
- 1x
| Category | Bank of America Premium Rewards | Chase Sapphire Preferred |
|---|---|---|
| Dining | 2% | 3x |
| EV Charging | 1.5% | 3x |
| Flights outside issuer portals | 2% | 2x |
| Gas stations (excluding Costco Gas) | 1.5% | 3x |
| Groceries — online | 1.5% | 3x |
| Hotels outside issuer portals | 2% | 2x |
| Other travel outside issuer portals | 2% | 2x |
| Streaming | 1.5% | 3x |
| Tours & Activities (booked direct) | 2% | 2x |
| Travel - Car Rentals / Agencies / Cruises | 2% | 2x |
| Travel - Vacation Homes | 1.5% | 3x |
| Everything else | 1.5% | 1x |
Issuer travel portals 8 categories — only earned when you book through that issuer’s portal
Amex Travel - Car Rentals / Cruises
- Bank of America Premium Rewards
- 2%
- Chase Sapphire Preferred
- 2x
Amex Travel - Flights
- Bank of America Premium Rewards
- 2%
- Chase Sapphire Preferred
- 2x
Amex Travel - Hotels
- Bank of America Premium Rewards
- 2%
- Chase Sapphire Preferred
- 2x
Bilt Travel - Flights
- Bank of America Premium Rewards
- 2%
- Chase Sapphire Preferred
- 2x
Bilt Travel - Hotels
- Bank of America Premium Rewards
- 2%
- Chase Sapphire Preferred
- 2x
Chase Travel - Flights
- Bank of America Premium Rewards
- —
- Chase Sapphire Preferred
- 5x
Chase Travel - Hotels
- Bank of America Premium Rewards
- —
- Chase Sapphire Preferred
- 5x
Chase Travel - Rental Cars / Activities
- Bank of America Premium Rewards
- —
- Chase Sapphire Preferred
- 5x
| Category | Bank of America Premium Rewards | Chase Sapphire Preferred |
|---|---|---|
| Amex Travel - Car Rentals / Cruises | 2% | 2x |
| Amex Travel - Flights | 2% | 2x |
| Amex Travel - Hotels | 2% | 2x |
| Bilt Travel - Flights | 2% | 2x |
| Bilt Travel - Hotels | 2% | 2x |
| Chase Travel - Flights | — | 5x |
| Chase Travel - Hotels | — | 5x |
| Chase Travel - Rental Cars / Activities | — | 5x |
These cards earn different reward currencies, so no highest rate is labeled; a larger multiplier does not necessarily mean more value. Listed rates can still be subject to portal, spending-cap, or category-selection rules; review each card's details before deciding.
Credits and benefits
Airline Incidental Credit
- Bank of America Premium Rewards
- $50/yr estimated usableUp to $100/yrConditional
- Chase Sapphire Preferred
- —
Global Entry / TSA PreCheck
- Bank of America Premium Rewards
- $25/yr estimated usableEasy to use
- Chase Sapphire Preferred
- —
Annual Hotel Credit
- Bank of America Premium Rewards
- —
- Chase Sapphire Preferred
- $0/yr estimated usableUp to $100/yrConditional
Global Entry / TSA PreCheck / NEXUS
- Bank of America Premium Rewards
- —
- Chase Sapphire Preferred
- $30/yr estimated usableEasy to use
Apple TV Benefit
- Bank of America Premium Rewards
- —
- Chase Sapphire Preferred
- $0/yr estimated usableUp to $156/yrConditional
DoorDash DashPass
- Bank of America Premium Rewards
- —
- Chase Sapphire Preferred
- $0/yr estimated usableUp to $120/yrConditional
Estimated usable credit value
- Bank of America Premium Rewards
- $75/yr
- Chase Sapphire Preferred
- $30/yr
Maximum face value
- Bank of America Premium Rewards
- $125/yr
- Chase Sapphire Preferred
- $406/yr
| Credit | Bank of America Premium Rewards | Chase Sapphire Preferred |
|---|---|---|
| Airline Incidental Credit | $50/yr estimated usable Up to $100/yr Conditional | — |
| Global Entry / TSA PreCheck | $25/yr estimated usable Easy to use | — |
| Annual Hotel Credit | — | $0/yr estimated usable Up to $100/yr Conditional |
| Global Entry / TSA PreCheck / NEXUS | — | $30/yr estimated usable Easy to use |
| Apple TV Benefit | — | $0/yr estimated usable Up to $156/yr Conditional |
| DoorDash DashPass | — | $0/yr estimated usable Up to $120/yr Conditional |
| Estimated usable credit value | $75/yr | $30/yr |
| Maximum face value | $125/yr | $406/yr |
Estimated usable value applies the same conservative assumptions used by the optimizer. Maximum face value assumes every listed credit is used in full.
Find your modeled setup
The optimizer searches eligible portfolios against your stated spending—not just two cards at a time—and reports whether the result was proven within the selected catalog and run inputs.
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