Premium Rewards vs Premium Rewards Elite

Every figure below is from the same dataset Miles computes its recommendations from. Rows the two cards agree on are collapsed at the bottom.

Economics

Dollar figures are per year unless the row says otherwise. Ongoing annual value is Miles' estimate of what the card adds per year after its annual fee: statement credits discounted for realistic use, benefits, and earning above a strong flat-rate card on a typical spending profile. First-year value is a separate net figure that includes the welcome bonus. A welcome bonus shown at its advertised maximum may not be available to every applicant; that figure is not marked as stronger. ★ marks the stronger comparable figure on other rows, and no row is marked when either figure is unknown.
Figure	Premium Rewards Bank of America	Premium Rewards Elite Bank of America
Annual fee	Best: $95 $455/yr less	$550
Ongoing annual value, after fee	Best: $208 $42/yr more	$166
First-year value	Best: $573 $62/yr more	$511
Authorized user fee	—Unknown	—Unknown

Sign-up Bonus

The current welcome offer as recorded in the dataset. No winner is marked: a bonus is points times a valuation times a spend requirement you may or may not clear, and the first-year value above already prices it.
Offer	Premium Rewards Bank of America	Premium Rewards Elite Bank of America
Current offer	60K points (worth up to $600) after $4K spend in first 90 days	75K (worth up to $750) after $5K spend in the first 90 days

Earning

Percentages are the return on a dollar spent: the multiplier times what Miles values those points at. ★ marks the higher return on a row. Categories only one card earns a bonus on are marked for that card; the other earns its base rate.
Category	Premium Rewards Bank of America	Premium Rewards Elite Bank of America

Benefits

Statement credits, lounge access and elite status as listed in the dataset; protections are counted, not listed. No winner is marked: twelve small credits are not more than two large ones, and the row that prices them, ongoing annual value, is under Economics.
Benefit	Premium Rewards Bank of America	Premium Rewards Elite Bank of America
Statement credits	Global Entry/TSA PreCheck: $100 (Every 4 Years) Airline Fees: $100 (Annual Calendar Year)	Global Entry/TSA PreCheck: $120 (Every 4 Years) Airline Fees: $300 (Annual Calendar Year) Lifestyle conveniences: $150 (Annual Calendar Year)
Lounge access	—Unknown	Priority Pass Select (unlimited)
Elite status	—Unknown	Avis Preferred President's Club National Emerald Club Executive
Protections	10	10

The same on both cards (8)

Rows where both cards state the same figure or the same earning rate. Nothing is marked, because there is no stronger side.
Fact	Premium Rewards	Premium Rewards Elite
Foreign transaction fee	None	None
Issuer	Bank of America	Bank of America
Rewards currency	Bank of America Points	Bank of America Points
Card type	Personal	Personal
Network	Visa	Visa
All other purchases	1.5X1.5%	1.5X1.5%
Dining	2X2%	2X2%
Travel	2X2%	2X2%

Which one is right for you

This page shows the difference. It does not pick: the winner depends on what you spend and what you already hold, and adding these figures up without knowing that would be a guess dressed as a verdict. Ask Miles and it computes the answer against your own wallet.

Ask Miles which to get