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COMPARE/BANK OF AMERICA PREMIUM REWARDS VS BANK OF AMERICA PREMIUM REWARDS ELITE
FIRST CARD
SECOND CARD

Bank of America Premium Rewards or Bank of America Premium Rewards Elite?

Bank of America Premium Rewards returns $30 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
Bank of America Premium RewardsBank of America · $95 fee · 2 credits
Bank of America Premium Rewards Elite
Bank of America Premium Rewards EliteBank of America · $550 fee · 3 credits
NET VALUE+$30$125 credits
NET VALUE-$70$480 credits
BEST NET VALUE
Bank of America Premium Rewards
BANK OF AMERICABank of America Premium Rewards
FEE$95
CREDITS$125
NET+$30
Category wins0 of 1
Bank of America Premium Rewards Elite
BANK OF AMERICABank of America Premium Rewards Elite
FEE$550
CREDITS$480
NET-$70
Category wins1 of 1
TAKE THE BANK OF AMERICA PREMIUM REWARDS ELITE IF

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Frequently asked questions

Which is better, Bank of America Premium Rewards or Bank of America Premium Rewards Elite?

The Bank of America Premium Rewards is better with $30 net annual value compared to the Bank of America Premium Rewards Elite at -$70. The Bank of America Premium Rewards wins by $100/year.

What's the difference between Bank of America Premium Rewards 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 Bank of America Premium Rewards has a $95 annual fee and $125 in annual benefits. The annual fee difference is $455.

Which has a lower annual fee, Bank of America Premium Rewards or Bank of America Premium Rewards Elite?

The Bank of America Premium Rewards 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 Bank of America Premium Rewards worth it compared to the Bank of America Premium Rewards Elite?

Yes, the Bank of America Premium Rewards offers better value with $30 net annual value compared to -$70 for the Bank of America Premium Rewards Elite. It also has a lower annual fee.

Which card is better for travel?

The Bank of America Premium Rewards Elite is better for travel with $330 in annual travel benefits compared to $125 for the Bank of America Premium Rewards.

Should I get the Bank of America Premium Rewards?

If you're deciding between the Bank of America Premium Rewards and Bank of America Premium Rewards Elite, the Bank of America Premium Rewards is the better choice with $30 net annual value. However, make sure you can use the key benefits to maximize value. Compare the full benefit breakdown to see which fits your spending better.

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