Bank of America Premium Rewards Elite Credit Card vs Chase Sapphire Preferred

Side-by-side comparison of Bank of America Premium Rewards Elite Credit Card and Chase Sapphire Preferred. Compare rewards, fees, APR, benefits, and transfer partners.

Snapshot

	Bank of America Premium Rewards Elite Credit Card	Chase Sapphire Preferred
Issuer	Bank of America	Chase
Network	Visa	Visa
Card Material	Metal	Metal
Annual Fee	$550.00	$95.00
Base Rate	1.50%	1.00%
Travel Rewards	2.00x	0.00x
Auth. User Fee	$0.00	$0.00
Foreign Txn Fee	0%	0%
Lifecycle	Available	Available

Welcome Offer

Bonus	None	None
Spend Requirement	—	—
Timeline	—	—

Rewards Breakdown

Base Rate	1.5% (base)	1.0% (base)
Travel	2.0%	5.0%
Restaurants	2.0%	3.0%
Supermarkets	1.5% (base)	3.0%
Streaming	1.5% (base)	3.0%
Peloton	1.5% (base)	5.0%
Lyft	1.5% (base)	5.0%
Anniversary Bonus	None	0.1
Portal Boost	1x	1.25x

Benefits & Partners

Transfer Partners	None	14 partners
Annual Credits	None	None

Transfer Partners

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1:1

Pricing Details

Purchase APR	20.24% - 27.24%	12.49% - 20.74%
Cash Advance APR	29.99%	21.74%
Penalty APR	N/A	23.24%
Late Fee	$40	$40
Balance Transfer Fee	undefined% (min $0)	undefined% (min $0)

Insurance & Protections

Auto Rental	Primary	✓
Baggage Delay	Covered up to $100 per day for 5 days	✓
Baggage Loss	Covered up to $3,000 per passenger	✓
Cell Phone Protection	—	—
Extended Warranty	Extends warranty by 1 year	✓
Purchase Protection	Covered up to $10,000 per claim	120 days
Return Protection	Covered up to $300 per item	—
Roadside Dispatch	—	Pay-per-use
Trip Cancellation Interruption	Covered up to $2,500 per person	✓
Trip Delay	Covered up to $500 per ticket for delays over 6 hours	✓
Tsa Precheck Global Entry	Up to $100 statement credit every 4 years	—

Usability & Experience

Digital Wallet	N/A	N/A
Instant Card Number	—	—
Credit Bureaus	N/A	N/A

Strategy & Eligibility

Recommended Credit	N/A	N/A
Application Rules	Standard	Standard