Bank of America Premium Rewards Credit Card vs Chase Sapphire Preferred Credit Card
Fees, rewards and real yearly value, side by side. Updated October 29, 2026.
Bank of America Premium Rewards Credit Card
Estimated value every year on typical spending
$474/ year
Every year, after the annual fee. Year one adds a $600 welcome bonus: $1,074
Chase Sapphire Preferred Credit Card
Estimated value every year on typical spending
$561/ year
Every year, after the annual fee. Year one adds a $750 welcome bonus: $1,311
The short answer
- On typical spending, the Chase Sapphire Preferred Credit Card comes out ahead: about $561 a year after its fee, against $474 for the Bank of America Premium Rewards Credit Card.
- The Bank of America Premium Rewards Credit Card earns more on travel, everything else.
- The Chase Sapphire Preferred Credit Card earns more on groceries, dining, gas.
Side by side
| Bank of America Premium Rewards Credit Card | Chase Sapphire Preferred Credit Card | |
|---|---|---|
| Annual fee | $95 | $95 |
| Rewards | 2 points per $1 on travel and dining purchases; 1.5 points per $1 on all other purchases | 5x points on Chase Travel; 3x points on dining, gas stations, EV charging, vacation homes, top streaming services, and online grocery; 1x points on all other purchases |
| Welcome bonus | 60,000 online bonus points offer — a $600 value after you make at least $4,000 in purchases in the first 90 days of account opening | Earn 75,000 points after you spend $5,000 in purchases in the first 3 months from account opening. |
| Credits counted | $59/yr | $80/yr |
| Intro APR | Not applicable | Not applicable |
| Regular APR | 19.74% to 27.74% variable | 19.49% to 27.74% variable |
| Foreign transaction fee | None | None |
| Credit needed | Not specified | Good/Excellent |
Yearly rewards by category
| Category (monthly spend) | Bank of America Premium Rewards Credit Card | Chase Sapphire Preferred Credit Card |
|---|---|---|
| groceries ($500) | $90 | $180 |
| dining ($400) | $96 | $144 |
| gas ($200) | $36 | $72 |
| travel ($300) | $72 | $36 |
| everything else ($1,200) | $216 | $144 |
Yearly value is rewards plus credits you'd realistically use, minus the annual fee, on $2,600/month: $500 groceries, $400 dining, $200 gas, $300 travel, $1,200 everything else. Points use conservative cash values; store-only rewards count at half. How we rank · Use your own spending
Questions people ask
Which is better, the Bank of America Premium Rewards Credit Card or the Chase Sapphire Preferred Credit Card?
On typical spending the Chase Sapphire Preferred Credit Card is worth more: about $561 a year after its fee, against $474 for the Bank of America Premium Rewards Credit Card. Which is better for you depends on where you spend most; see the category answers below.
Which is better for groceries?
The Chase Sapphire Preferred Credit Card. On $500 a month of groceries it earns about $180 a year, against $90 with the Bank of America Premium Rewards Credit Card.
Which is better for dining?
The Chase Sapphire Preferred Credit Card. On $400 a month of dining it earns about $144 a year, against $96 with the Bank of America Premium Rewards Credit Card.
Which is better for travel?
The Bank of America Premium Rewards Credit Card. On $300 a month of travel it earns about $72 a year, against $36 with the Chase Sapphire Preferred Credit Card.
Which is better for gas?
The Chase Sapphire Preferred Credit Card. On $200 a month of gas it earns about $72 a year, against $36 with the Bank of America Premium Rewards Credit Card.
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Card details are collected from issuer websites and were last refreshed October 29, 2026. Terms change often; confirm them with the issuer before you apply.