Bank of America Premium Rewards Elite vs Amex Business Platinum Card

Side-by-side comparison of Bank of America Premium Rewards Elite and Amex Business Platinum Card. Compare rewards, fees, APR, benefits, and transfer partners.

Snapshot

	Bank of America Premium Rewards Elite	Amex Business Platinum Card
Issuer	Bank of America	American Express
Network	Visa	American Express
Card Material	Metal	Plastic
Annual Fee	$550.00	$895.00
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	Active

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%	1.0% (base)
Large Purchases	1.5% (base)	1.5%
Anniversary Bonus	None	None
Portal Boost	1x	1x

Benefits & Partners

Transfer Partners	None	20 partners
Annual Credits	None	None

Transfer Partners

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1:1

Pricing Details

Purchase APR	21.24% - 28.24%	10.99% - 21.74%
Cash Advance APR	29.99%	28.74%
Penalty APR	29.99%	29.99%
Late Fee	$40	$40
Balance Transfer Fee	undefined% (min $0)	N/A

Insurance & Protections

Auto Rental	✓	—
Baggage Delay	✓	—
Baggage Loss	✓	—
Cell Phone Protection	—	—
Extended Warranty	✓	—
Purchase Protection	90 days	—
Return Protection	90 days	—
Trip Cancellation Interruption	✓	—
Trip Delay	✓	—
Tsa Precheck Global Entry	Up to $100	—

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