FIRST CARD
VSSECOND CARD
American Express Platinum or Bank of America Premium Rewards?
American Express Platinum returns $2,111 over its fee and Bank of America Premium Rewards returns $30, so the fee difference comes down to which categories you use.
American Express PlatinumAmerican Express · $895 fee · 12 credits
Bank of America Premium RewardsBank of America · $95 fee · 2 credits
NET VALUE+$2,111$3,006 credits
NET VALUE+$30$125 credits
| CATEGORY | PLATINUM | BANK OF AMERICA PREMIUM REWARDS |
|---|---|---|
| 🌎Travel | $1,009 | $125 |
| ✨Lifestyle | $967 | — |
| 🍽️Food & Dining | $580 | — |
| 🎭Entertainment & Media | $300 | — |
| 🚗Transportation | $300 |
BEST NET VALUE
AMERICAN EXPRESSAmerican Express Platinum
FEE$895
CREDITS$3,006
NET+$2,111
Category wins5 of 5
ADDITIONAL BENEFITS
TAKE THE AMEX PLATINUM IF
You use travel, lifestyle, food & dining, or any of its 5 winning categories. Lifestyle and Food & Dining and Entertainment & Media and Transportation alone are worth $2,147 here and nothing on the Bank of America Premium Rewards.
Where to use each card
AMEX PLATINUM
BANK OF AMERICA PREMIUM REWARDS
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Start tracking freeFrequently asked questions
Which is better, American Express Platinum or Bank of America Premium Rewards?
The American Express Platinum is better with $2,111 net annual value compared to the Bank of America Premium Rewards at $30. The American Express Platinum wins by $2,081/year.
What's the difference between American Express Platinum and Bank of America Premium Rewards?
The key differences: American Express Platinum has a $895 annual fee and $3,006 in annual benefits, while Bank of America Premium Rewards has a $95 annual fee and $125 in annual benefits. The annual fee difference is $800.
Which has a lower annual fee, American Express Platinum or Bank of America Premium Rewards?
The Bank of America Premium Rewards has a lower annual fee at $95 compared to the American Express Platinum at $895. However, the American Express Platinum offers $3,006 in total annual benefits.
Is the American Express Platinum worth it compared to the Bank of America Premium Rewards?
Yes, the American Express Platinum offers better value with $2,111 net annual value compared to $30 for the Bank of America Premium Rewards. Even though it has a higher annual fee ($895 vs $95), the American Express Platinum provides more total benefits.
Amex vs Bank of America: which issuer is better?
For these specific cards, Amex's American Express Platinum offers better value with $2,111 net annual value. Consider which issuer's broader ecosystem (transfer partners, redemption options) fits your needs.
Which card is better for lifestyle?
The American Express Platinum is better for lifestyle with $967 in annual lifestyle benefits compared to $0 for the Bank of America Premium Rewards.