Bank of America Premium Rewards Card vs Chase Sapphire Preferred
Head-to-head comparison of every feature, fee, and perk
At a Glance
Annual Fee
$95
vs
$95
Base Rewards
1.5x
vs
1x
Sign-Up Bonus
$600
vs
$750
Editor Score
8/10
vs
9/10
Detailed Comparison
| Category wins | 3/6 | 3/6 |
| Fees & APR | ||
| Annual Fee | $95★ Lowest | $95 |
| Purchase APR | 19.49% – 29.49% | 21.49% – 28.49% |
| Intro APR (Purchases) | ||
| Intro APR (Balance Transfer) | ||
| Foreign Txn Fee | None★ Lowest | None |
| Balance Transfer Fee | 3% | 5% |
| Rewards | ||
| Rewards Type | Points | Points |
| Base Rewards Rate | 1.5x★ Highest | 1x✗ Lowest |
| Bonus Categories | 2x Travel · 2x Dining | 5x Travel (Chase) · 3x Dining · 3x Online Groceries |
| Sign-Up Bonus | $600 value✗ Lowest | $750 value★ Highest |
| Eligibility | ||
| Credit Score | Excellent (750+) | Excellent (750+) |
| Network | Visa | Visa |
| At a Glance | ||
| Best For | Bank of America Preferred Rewards Platinum Honors members | Frequent travelers who dine out often |
| Ratings | ||
| User Rating | 4.3 / 5✗ Lowest | 4.7 / 5★ Highest |
| Editor Score | 8 / 10✗ Lowest | 9 / 10★ Highest |
| Apply Now | Apply | Apply |
| Full Review | View details → | View details → |
| Pros & Cons | ||
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Our Verdict
Both are $95/year travel cards, but they serve different audiences. The BofA Premium Rewards earns 2x on travel/dining and 1.5x on everything else, with a $100 airline credit and $100 Global Entry credit. With Preferred Rewards Platinum Honors, rates jump to 3.5x/2.625x — the highest in the industry. The Sapphire Preferred earns 5x/3x/2x with superior transfer partners. If you have $100K+ at BofA/Merrill: Premium Rewards wins by a landslide. Otherwise: Sapphire Preferred is better for everyone else.
It depends on your priorities — both are excellent choices
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Common Questions
Which is better: Bank of America Premium Rewards Card or Chase Sapphire Preferred?
It depends on your spending habits. The Bank of America Premium Rewards Card has a $95 annual fee and earns 1.5x base rewards. The Chase Sapphire Preferred has a $95 annual fee and earns 1x base rewards. Compare their bonus categories above to see which aligns better with your spending.
What is the annual fee difference between Bank of America Premium Rewards Card and Chase Sapphire Preferred?
The Bank of America Premium Rewards Card has a $95 annual fee while the Chase Sapphire Preferred has a $95 annual fee. Both cards have the same annual fee, so the decision comes down to rewards structure and perks.
Can I have both the Bank of America Premium Rewards Card and Chase Sapphire Preferred?
Yes, since these cards are from different issuers (Bank of America and Chase), you can hold both. Many people pair cards from different banks to maximize bonus category coverage across all their spending.