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

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

Snapshot

	Chase Sapphire Preferred	Bank of America Premium Rewards Elite Credit Card
Issuer	Chase	Bank of America
Network	Visa	Visa
Card Material	Metal	Metal
Annual Fee	$95.00	$550.00
Base Rate	1.00%	1.50%
Travel Rewards	0.00x	2.00x
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	1.0% (base)	1.5% (base)
Travel	5.0%	2.0%
Restaurants	3.0%	2.0%
Supermarkets	3.0%	1.5% (base)
Streaming	3.0%	1.5% (base)
Peloton	5.0%	1.5% (base)
Lyft	5.0%	1.5% (base)
Anniversary Bonus	0.1	None
Portal Boost	1.25x	1x

Benefits & Partners

Transfer Partners	14 partners	None
Annual Credits	None	None

Transfer Partners

1:1

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Pricing Details

Purchase APR	12.49% - 20.74%	20.24% - 27.24%
Cash Advance APR	21.74%	29.99%
Penalty APR	23.24%	N/A
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	120 days	Covered up to $10,000 per claim
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