Bank of America Premium Rewards Credit Card vs Bank of America® Premium Rewards® Elite: Which Earns More?
The verdict
On typical spending the Bank of America Premium Rewards Credit Card nets $363 a year after fees, $337 more than the Bank of America® Premium Rewards® Elite at $26. That flips at about $9,240/month of spending, where the Bank of America® Premium Rewards® Elite takes the lead.
Who earns more, by the numbers
| Spending level | Bank of America Premium Rewards Credit Card | Bank of America® Premium Rewards® Elite | Winner |
|---|---|---|---|
| Light spender ($1,200/mo) | $134/yr | −$262/yr | Bank of America Premium Rewards Credit Card |
| Typical spender ($2,400/mo) | $363/yr | $26/yr | Bank of America Premium Rewards Credit Card |
| Heavy spender ($4,500/mo) | $764/yr | $530/yr | Bank of America Premium Rewards Credit Card |
Net of annual fees, typical category mix at baseline point values. The winner flips at about $9,240/month of spending.
Bank of America Premium Rewards Credit Card
Bank Of America
2.7/5
Annual Fee:$95
APR:19.99%–27.99% variable
Welcome Bonus: 60,000 points ($600 value) after $4,000 spend in first 90 days
Rewards: 2X points on travel/dining, 1.5X on everything else
EARNS MORE ON TYPICAL SPEND
The tables above are computed from each card's typed rewards rates and current
fees, on the same spending profiles used across the site. Editorial context to
follow.
FAQ
Which is better, the Bank of America Premium Rewards Credit Card or the Bank of America® Premium Rewards® Elite?▼
On typical spending the Bank of America Premium Rewards Credit Card nets $363 a year after fees, $337 more than the Bank of America® Premium Rewards® Elite at $26. That flips at about $9,240/month of spending, where the Bank of America® Premium Rewards® Elite takes the lead.
What is the annual fee difference between the Bank of America Premium Rewards Credit Card and the Bank of America® Premium Rewards® Elite?▼
The Bank of America Premium Rewards Credit Card charges $95, versus $550 for the Bank of America® Premium Rewards® Elite — a $455 difference every year.
Which has the better welcome bonus?▼
The Bank of America® Premium Rewards® Elite, at 75,000 points (~$750) as of 2026-07-29. Bonuses change often — each card's page carries the date we last recorded it.