FIRST CARD
VSSECOND CARD
Bank of America Premium Rewards Elite or Chase Sapphire Preferred?
Chase Sapphire Preferred returns $395 over its fee and Bank of America Premium Rewards Elite returns $70, so the fee difference comes down to which categories you use.
Bank of America Premium Rewards EliteBank of America · $550 fee · 3 credits
Chase Sapphire PreferredChase · $95 fee · 5 credits
NET VALUE-$70$480 credits
NET VALUE+$395$490 credits
| CATEGORY | BANK OF AMERICA PREMIUM REWARDS ELITE | SAPPHIRE PREFERRED |
|---|---|---|
| 🌎Travel | $330 | $100 |
| 🍽️Food & Dining | — | $240 |
| 🎭Entertainment & Media | — | $120 |
| Total credits | $480 | $490 |
| Annual fee | $550 | $95 |
BEST NET VALUE
TAKE THE BANK OF AMERICA PREMIUM REWARDS ELITE IF
You use travel.
TAKE THE SAPPHIRE PREFERRED IF
You use food & dining, entertainment & media. Food & Dining and Entertainment & Media alone are worth $360 here and nothing on the Bank of America Premium Rewards Elite.
Track what you useAdd your card and mark the credits you collect. The calculator does the rest.
Start tracking freeFrequently asked questions
Which is better, Bank of America Premium Rewards Elite or Chase Sapphire Preferred?
The Chase Sapphire Preferred is better with $395 net annual value compared to the Bank of America Premium Rewards Elite at -$70. The Chase Sapphire Preferred wins by $465/year.
What's the difference between Bank of America Premium Rewards Elite and Chase Sapphire Preferred?
The key differences: Bank of America Premium Rewards Elite has a $550 annual fee and $490 in annual benefits, while Chase Sapphire Preferred has a $95 annual fee and $480 in annual benefits. The annual fee difference is $455.
Which has a lower annual fee, Bank of America Premium Rewards Elite or Chase Sapphire Preferred?
The Chase Sapphire Preferred has a lower annual fee at $95 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 Chase Sapphire Preferred worth it compared to the Bank of America Premium Rewards Elite?
Yes, the Chase Sapphire Preferred offers better value with $395 net annual value compared to -$70 for the Bank of America Premium Rewards Elite. It also has a lower annual fee.
Bank of America vs Chase: which issuer is better?
For these specific cards, Chase's Chase Sapphire Preferred offers better value with $395 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 Chase Sapphire Preferred is better for food_and_dining with $240 in annual food_and_dining benefits compared to $0 for the Bank of America Premium Rewards Elite.