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.

Premium Rewards

Bank of America

Premium Rewards Elite

Bank of America

Economics

Annual fee

$95

$455/yr less

$550

Ongoing annual value

$205

$92/yr more

$113

Net value (value − fee)

$110

$547/yr more

−$437

First-year value estimate

$531

$81/yr more

$450

Authorized user fee

—

Sign-up Bonus

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. Categories only one card earns a bonus on are marked for that card; the other earns its base rate.

Benefits

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

—

Priority Pass Select (unlimited)

Elite status

—

Protections

The same on both cards (8)

Foreign transaction fee

None

Issuer

Bank of America

Rewards currency

Bank of America Points

Card type

Personal

Network

Visa

All other purchases

1.5X1.5%

Dining

2X2%

Travel

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

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