Bank of America® Premium Rewards® Credit Card vs Chase Sapphire Preferred® Card

Bank of America® Premium Rewards® Credit CardBank of America® Premium Rewards® Credit Card

Bank of America

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Chase Sapphire Preferred® CardChase Sapphire Preferred® Card

Chase

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Annual Fee
$95
$95
Card Type
Personal
Personal
Rewards Currency
Bank of America Points
Chase Ultimate Rewards
Point Value
1.00¢/pt
2.00¢/pt
Base Earn Rate
1.5x
1x
Welcome Bonus
60,000 Bank of America Points after $4,000 in 90 days
Limited time: 100,000 Chase Ultimate Rewards after $5,000 in 3 months

Effective return by category

CategoryBank of America® Premium Rewards® Credit CardChase Sapphire Preferred® Card
Dining & Restaurants2.00%
2x
6.00%
3x
Streaming Services1.50%
1.5x
6.00%
3x
Travel2.00%
2x
4.00%
2x
EV Charging1.50%
1.5x
4.00%
2x
Groceries1.50%
1.5x
2.00%
1x
Gas Stations1.50%
1.5x
2.00%
1x
Everything else1.50%
1.5x
2.00%
1x

Returns use our default point valuations — multiplier × point value. Caps and rotating categories affect real-world earnings.

The better question: which one adds more to your wallet?

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