FIRST CARD
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American Express Gold or Bank of America Premium Rewards Elite?
American Express Gold returns $99 over its fee and Bank of America Premium Rewards Elite returns $70, so the fee difference comes down to which categories you use.
American Express GoldAmerican Express · $325 fee · 4 credits
Bank of America Premium Rewards EliteBank of America · $550 fee · 3 credits
NET VALUE+$99$424 credits
NET VALUE-$70$480 credits
| CATEGORY | GOLD | BANK OF AMERICA PREMIUM REWARDS ELITE |
|---|---|---|
| 🍽️Food & Dining | $424 | — |
| 🌎Travel | — | $330 |
| ✨Lifestyle | $120 | — |
| 🚗Transportation | $120 | — |
| Total credits | $424 |
BEST NET VALUE
TAKE THE AMEX GOLD IF
You use food & dining, lifestyle, transportation. Food & Dining and Lifestyle and Transportation alone are worth $664 here and nothing on the Bank of America Premium Rewards Elite.
TAKE THE BANK OF AMERICA PREMIUM REWARDS ELITE IF
You use travel. Travel alone is worth $330 here and nothing on the Amex Gold.
Where to use each card
BANK OF AMERICA PREMIUM REWARDS ELITE
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Start tracking freeFrequently asked questions
Which is better, American Express Gold or Bank of America Premium Rewards Elite?
The American Express Gold is better with $99 net annual value compared to the Bank of America Premium Rewards Elite at -$70. The American Express Gold wins by $169/year.
What's the difference between American Express Gold and Bank of America Premium Rewards Elite?
The key differences: Bank of America Premium Rewards Elite has a $550 annual fee and $480 in annual benefits, while American Express Gold has a $325 annual fee and $424 in annual benefits. The annual fee difference is $225.
Which has a lower annual fee, American Express Gold or Bank of America Premium Rewards Elite?
The American Express Gold has a lower annual fee at $325 compared to the Bank of America Premium Rewards Elite at $550. However, the Bank of America Premium Rewards Elite offers $480 in total annual benefits.
Is the American Express Gold worth it compared to the Bank of America Premium Rewards Elite?
Yes, the American Express Gold offers better value with $99 net annual value compared to -$70 for the Bank of America Premium Rewards Elite. It also has a lower annual fee.
Amex vs Bank of America: which issuer is better?
For these specific cards, Amex's American Express Gold offers better value with $99 net annual value. Consider which issuer's broader ecosystem (transfer partners, redemption options) fits your needs.
Which card is better for food_and_dining?
The American Express Gold is better for food_and_dining with $424 in annual food_and_dining benefits compared to $0 for the Bank of America Premium Rewards Elite.