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Bank of America Premium Rewards vs Premium Rewards Elite

Both are Bank of America cards. Here is every spend category, ranked by what each card actually returns.

Best card by category Card terms as of Sep 14

Everything else

  1. Premium Rewards 1.5% 1.5x base rate
  2. Premium Rewards Elite 1.5% 1.5x base rate

Dining

  1. Premium Rewards 2.0% 2x
  2. Premium Rewards Elite 2.0% 2x

Flights

  1. Premium Rewards 2.0% 2x
  2. Premium Rewards Elite 2.0% 2x

Hotels

  1. Premium Rewards 2.0% 2x
  2. Premium Rewards Elite 2.0% 2x

What the numbers are doing

The table is earn rate only — annual fees are not netted out of it. These cards charge Premium Rewards $95 and Premium Rewards Elite $550 a year, so a thin lead in one category may not cover the difference.

These cards return the same effective rate in all 47 categories, so the ranking cannot separate them. Pick on annual fee instead: Premium Rewards $95, Premium Rewards Elite $550.

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Pass content preview
CategoryBest card
Everything elsePremium Rewards1.5%
DiningPremium Rewards2.0%
FlightsPremium Rewards2.0%
HotelsPremium Rewards2.0%

Content preview. Apple Wallet controls the layout; visible categories vary by device. Categories that rank the same as Everything else are left off; every other category is in pass details.

Every category, every card

Everything else

  1. Premium Rewards — 1.5%
  2. Premium Rewards Elite — 1.5%

Dining

  1. Premium Rewards — 2.0%
  2. Premium Rewards Elite — 2.0%

Flights

  1. Premium Rewards — 2.0%
  2. Premium Rewards Elite — 2.0%

Hotels

  1. Premium Rewards — 2.0%
  2. Premium Rewards Elite — 2.0%

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