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COMPARE/BANK OF AMERICA PREMIUM REWARDS VS SAPPHIRE PREFERRED
FIRST CARD
SECOND CARD

Bank of America Premium Rewards or Chase Sapphire Preferred?

Chase Sapphire Preferred returns $455 over its fee and Bank of America Premium Rewards returns $30, 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
Chase Sapphire Preferred
Chase Sapphire PreferredChase · $95 fee · 5 credits
NET VALUE+$30$125 credits
NET VALUE+$455$550 credits
Bank of America Premium Rewards
BANK OF AMERICABank of America Premium Rewards
FEE$95
CREDITS$125
NET+$30
Category wins1 of 3
BEST NET VALUE
Chase Sapphire Preferred
CHASEChase Sapphire Preferred
FEE$95
CREDITS$550
NET+$455
Category wins2 of 3
TAKE THE BANK OF AMERICA PREMIUM REWARDS IF

You use travel.

TAKE THE SAPPHIRE PREFERRED IF

You use food & dining, entertainment & media. Food & Dining and Entertainment & Media alone are worth $420 here and nothing on the Bank of America Premium Rewards.

Track what you useAdd your card and mark the credits you collect. The calculator does the rest.
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Frequently asked questions

Which is better, Bank of America Premium Rewards or Chase Sapphire Preferred?

The Chase Sapphire Preferred is better with $455 net annual value compared to the Bank of America Premium Rewards at $30. The Chase Sapphire Preferred wins by $425/year.

What's the difference between Bank of America Premium Rewards and Chase Sapphire Preferred?

The key differences: Chase Sapphire Preferred has a $95 annual fee and $550 in annual benefits, while Bank of America Premium Rewards has a $95 annual fee and $125 in annual benefits.

Is the Chase Sapphire Preferred worth it compared to the Bank of America Premium Rewards?

Yes, the Chase Sapphire Preferred offers better value with $455 net annual value compared to $30 for the Bank of America Premium Rewards. It also has a similar annual fee.

Bank of America vs Chase: which issuer is better?

For these specific cards, Chase's Chase Sapphire Preferred offers better value with $455 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.

Should I get the Chase Sapphire Preferred?

If you're deciding between the Bank of America Premium Rewards and Chase Sapphire Preferred, the Chase Sapphire Preferred is the better choice with $455 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.

Other comparisons

NET VALUE SHOWN FOR EACH
American Express Platinum+$2,109
VS
Chase Sapphire Reserve+$2,348
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American Express Platinum+$2,109
VS
Capital One Venture X-$65
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Capital One Venture X-$65
VS
Chase Sapphire Reserve+$2,348
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American Express Business Platinum+$1,284
VS
Chase Sapphire Reserve for Business+$1,155
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American Express Delta SkyMiles Reserve-$60
VS
Chase United Quest+$456
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American Express Gold+$99
VS
American Express Platinum+$2,109
See the breakdown →

MORE BANK OF AMERICA PREMIUM REWARDS COMPARISONS

MORE SAPPHIRE PREFERRED COMPARISONS