Bank of America Premium Rewards Credit Card vs Chase Sapphire Reserve
Annual fees: Bank of America Premium Rewards Credit Card $95/yr, Chase Sapphire Reserve $795/yr. Strongest bonus categories: Bank of America Premium Rewards Credit Card on travel, Chase Sapphire Reserve on travel.
Card data as of November 13, 2026.
Bank of America Premium Rewards Credit CardBank of America · $95/yr
Chase Sapphire ReserveChase · $795/yr
Overview
- Annual fee
- Bank of America Premium Rewards Credit Card$95LowestChase Sapphire Reserve$795
- Welcome offerCurrent public offer
- Bank of America Premium Rewards Credit Card60,000 pointsChase Sapphire Reserve100,000 points
- Rewards
- Bank of America Premium Rewards Credit CardBank of America pointsChase Sapphire ReserveChase Ultimate Rewards
- Foreign transaction fee
- Bank of America Premium Rewards Credit CardNoneChase Sapphire ReserveNone
- Network
- Bank of America Premium Rewards Credit CardVisa SignatureChase Sapphire ReserveVisa Infinite
Earn ratesPer $1 spent
- Flights
- Bank of America Premium Rewards Credit Card1.5xChase Sapphire Reserve4xHighest
- Hotels
- Bank of America Premium Rewards Credit Card1.5xChase Sapphire Reserve4xHighest
- Dining
- Bank of America Premium Rewards Credit Card2xChase Sapphire Reserve3xHighest
- Travel
- Bank of America Premium Rewards Credit Card2xHighestChase Sapphire Reserve1x
- Everything else
- Bank of America Premium Rewards Credit Card1.5xHighestChase Sapphire Reserve1x
Statement creditsAs the issuer states them · — means none on record
- Travel
- Bank of America Premium Rewards Credit Card
- $100 Global Entry/TSA PreCheck
- $100 airline credit
- $100 Global Entry/TSA PreCheck
Chase Sapphire Reserve- $300 travel credit
- $500 hotel credit
- $250 select hotels · $250 one-time
- $120 Global Entry/TSA PreCheck · $120 every 4 years
- Rideshare & transit
- Bank of America Premium Rewards Credit Card—Chase Sapphire Reserve
- $10/mo Lyft credit · $10 monthly
- Dining & delivery
- Bank of America Premium Rewards Credit Card—Chase Sapphire Reserve
- $300 dining at 275+ restaurants · $150 every 6 months
- $35/mo DoorDash + DashPass · $35 monthly
- Entertainment & streaming
- Bank of America Premium Rewards Credit Card—Chase Sapphire Reserve
- $300 event tickets StubHub
- $27/mo Apple TV & Music · $27 monthly
- Shopping & wellness
- Bank of America Premium Rewards Credit Card—Chase Sapphire Reserve
- $10/mo Peloton credits · $10 monthly
Perks & access— means none on record
- Lounges
- Bank of America Premium Rewards Credit Card—Chase Sapphire Reserve
- Air Canada Maple Leaf Lounge on Star Alliance (1 guest)
- 1,300+ Priority Pass lounges with 2 free guests
- 8 Chase Sapphire Lounges with 2 free guests
- Hotel status & programs
- Bank of America Premium Rewards Credit Card
- Visa Signature Luxury Hotel Collection access
Chase Sapphire Reserve- IHG Platinum Elite with 60% bonus points, no stays
- Other perks
- Bank of America Premium Rewards Credit Card
- Visa Signature Concierge Service available 24/7
- No Foreign Transaction Fees on purchases
Chase Sapphire Reserve- $750 in credits plus elite status at $75k spend
- Dedicated Customer Support with 24/7 priority service
- No foreign transaction fees on international purchases
- Roadside Assistance with $50 reimbursement per incident
- Sapphire Reserve Experiences and Venue Benefits
- Travel and Emergency Assistance Services 24/7
Show 1 moreShow fewer
- Reserve Travel Designer complimentary planning service
Protections & insuranceLimits where published · — means none on record
- Trip insurance
- Bank of America Premium Rewards Credit Card
- $2,500 trip cancellation and interruption insurance
- $500 trip delay reimbursement coverage available
- Travel protections
- Evacuation and Transportation Cover when traveling
Chase Sapphire Reserve- Emergency Evacuation up to $100,000 coverage
- Emergency Medical and Dental up to $2,500
- Travel Accident Insurance up to $1,000,000
- Trip cancellation insurance up to $10,000 per person
- Trip delay coverage up to $500 per ticket after 6 hours
- Baggage
- Bank of America Premium Rewards Credit Card
- $3,000 lost luggage reimbursement coverage available
- $500 baggage delay protection coverage available
Chase Sapphire Reserve- Baggage insurance up to $3,000 for lost luggage
- Rental car
- Bank of America Premium Rewards Credit Card
- Automotive protections
- Auto Rental Collision Damage Waiver coverage
Chase Sapphire Reserve- Primary rental car insurance up to $75,000
- Purchase & returns
- Bank of America Premium Rewards Credit Card
- $10,000 purchase protection for eligible items
Chase Sapphire Reserve- Purchase protection up to $10,000 per claim for 120 days
- Return protection up to $500 per item within 90 days
- Extended warranty
- Bank of America Premium Rewards Credit Card
- $10,000 extended warranty protection on eligible purchases
Chase Sapphire Reserve- Extended warranty adds 1 year to manufacturer coverage
- Other protections
- Bank of America Premium Rewards Credit Card
- Roadside Dispatch Program available 24/7 nationwide
- FICO® Score
Chase Sapphire Reserve—
Pros & cons
- Pros
- Bank of America Premium Rewards Credit Card
- Up to 75% rewards boost at the Premier tier (3.5X travel/dining, 2.625X base)
- No foreign transaction fees
- Strong 60,000 point welcome bonus after $4,000 spend
- $100 annual airline incidental credit
- TSA PreCheck or Global Entry application fee credit every 4 years
Chase Sapphire Reserve- Up to $2,060 in annual credits and promos can more than cover the $795 fee
- Priority Pass Select with 2 guests included
- Exclusive Chase Sapphire Lounge access
- Primary rental car coverage saves $15-30/day
- Points Boost values points at up to 2 cents each on select flights and hotels through Chase Travel
- Cons
- Bank of America Premium Rewards Credit Card
- Base 2X/1.5X rates are mediocre without a higher BofA Rewards tier
- $95 annual fee with no first-year waiver
- Requires maintaining significant assets at Bank of America/Merrill for best rates
- No transfer partners - points only redeemable for cash back or travel booking
- The top 75% BofA Rewards bonus requires $1M+ in combined balances (50% at $100K+)
Chase Sapphire Reserve- $795 annual fee is substantial commitment
- 5/24 rule restricts applicants with recent cards
- Credits require specific spending patterns to use
- $195 authorized user fee with no free users
- No 0% intro APR offer
Category-by-Category Winner
The Chase Sapphire Reserve wins in 3 of 4 categories. The Bank of America Premium Rewards Credit Card leads in 1. 2 more categories depend on booking channel or caps.
Travel
Depends: via Chase Travel portal
Chase Sapphire Reserve earns 8X when conditions are met; Bank of America Premium Rewards Credit Card earns 2X (2X without restrictions)
Dining
Chase Sapphire Reserve earns 3X vs 2X
Hotels
Chase Sapphire Reserve earns 8X vs 1.5X
8X via Chase Travel portal - the Chase Travel travel rate restated per bookable subcategory, as Capital One and Citi portal rates are recorded
Flights
Chase Sapphire Reserve earns 8X vs 1.5X
8X via Chase Travel portal - the Chase Travel travel rate restated per bookable subcategory, as Capital One and Citi portal rates are recorded
Car Rentals
Depends: via Chase Travel portal - the Chase Travel travel rate restated per bookable subcategory, as Capital One and Citi portal rates are recorded
Chase Sapphire Reserve earns 8X when conditions are met; Bank of America Premium Rewards Credit Card earns 1.5X (1.5X without restrictions)
Everyday purchases
Bank of America Premium Rewards Credit Card earns 1.5X on all other spending vs 1X
Year One vs Ongoing Value
Modeled net value (bonus categories at unconditional rates, caps applied). Spend mix: dining 15%, groceries 15%, gas 10%, travel 10%, everything else 50%. Statement credits use the same recurring usable estimates as each card's detail page; first-year-only credits count in year one only. Welcome offers valued at each card's program rate shown on this page.
Close — depends on how much of the credits you use
| Scenario | Bank of America Premium Rewards Credit Card | Chase Sapphire Reserve | Ongoing winner | Year-one winner |
|---|---|---|---|---|
| Light spender: $1,000/month | Rewards: $195 Credits (our usable estimate): $180 − Annual fee ($95) Ongoing: $280 Year one: $880 | Rewards: $281 Credits (our usable estimate): $995 − Annual fee ($795) Ongoing: $481 Year one: $2,406 | Close — depends on how much of the credits you use | Chase Sapphire Reserve |
| Heavy spender: $4,000/month | Rewards: $780 Credits (our usable estimate): $180 − Annual fee ($95) Ongoing: $865 Year one: $1,465 | Rewards: $1,123 Credits (our usable estimate): $995 − Annual fee ($795) Ongoing: $1,323 Year one: $3,248 | Close — depends on how much of the credits you use | Chase Sapphire Reserve |
Is the Fee Difference Worth It?
The Chase Sapphire Reserve costs $795/yr — that's $700 more than the Bank of America Premium Rewards Credit Card ($95/yr). To justify that gap, you need to extract at least $700 in annual value from the card's higher earn rates and benefits.
The Chase Sapphire Reserve includes travel credits, dining credits, lounge access, Global Entry/TSA PreCheck credit. Those perks are not included in the earn-rate scenario table above — compare their dollar value to the $700 fee gap for your own usage.
Bottom line: Use the year-one vs ongoing table for modeled earn value at your spend level. The $700 fee gap means the Chase Sapphire Reserve needs roughly $700 more in annual rewards (or credits you will use) to break even on travel and hotels and everyday spend.
What You Give Up
Choosing one card means missing out on these benefits from the other.
Choosing Bank of America Premium Rewards Credit Card means losing:
- -Airport lounge access
Which Card Is Right for You?
Get the Bank of America Premium Rewards Credit Card if you:
- +Prefer a high flat rate across all spending
Get the Chase Sapphire Reserve if you:
- +Fly frequently and value airport lounge access
The Bottom Line
Close — depends on how much of the credits you use
Everyday (non-bonus) spend earns 1.5X on the Bank of America Premium Rewards Credit Card vs 1X on the other card.
Published annual fees: Bank of America Premium Rewards Credit Card $95/yr, Chase Sapphire Reserve $795/yr — a $700 difference before welcome offers and credits.
Frequently Asked Questions
- Is the Chase Sapphire Reserve worth the higher annual fee?
- The Chase Sapphire Reserve costs $795/yr vs $95/yr for the Bank of America Premium Rewards Credit Card. Compare the year-one vs ongoing value table on this page — the $700 gap must be offset by higher earn rates, welcome offers, or credits you will use (the Chase Sapphire Reserve also lists lounge access, travel credits, dining credits).
- Which card earns more rewards, the Bank of America Premium Rewards Credit Card or Chase Sapphire Reserve?
- The Bank of America Premium Rewards Credit Card has a higher base earn rate (1.5X vs 1X), but both cards have different bonus categories where they excel.
- What benefits does the Bank of America Premium Rewards Credit Card have that the Chase Sapphire Reserve doesn't?
- The Bank of America Premium Rewards Credit Card offers travel credits. The Chase Sapphire Reserve offers lounge access, travel credits, dining credits.
- Should I get the Bank of America Premium Rewards Credit Card or the Chase Sapphire Reserve?
- Use the spend scenarios on this page: the Bank of America Premium Rewards Credit Card has a lower $95/yr fee; the Chase Sapphire Reserve must earn enough extra (or offer a larger welcome bonus) to justify $795/yr.
Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; catalog last published November 13, 2026, and each card page shows when its terms were last checked. Card issuers do not influence our rankings or content.