Bank of America Premium Rewards Credit Card vs Fidelity Rewards Visa Signature Card
Annual fees: Bank of America Premium Rewards Credit Card $95/yr, Fidelity Rewards Visa Signature Card $0/yr. Strongest bonus categories: Bank of America Premium Rewards Credit Card on travel, Fidelity Rewards Visa Signature Card on everyday spending.
Card data as of November 13, 2026.
Bank of America Premium Rewards Credit CardBank of America · $95/yr
Fidelity Rewards Visa Signature CardElan Financial · No annual fee
Overview
- Annual fee
- Bank of America Premium Rewards Credit Card$95Fidelity Rewards Visa Signature Card$0Lowest
- Welcome offerCurrent public offer
- Bank of America Premium Rewards Credit Card60,000 pointsFidelity Rewards Visa Signature Card—
- Rewards
- Bank of America Premium Rewards Credit CardBank of America pointsFidelity Rewards Visa Signature CardCash back
- Foreign transaction fee
- Bank of America Premium Rewards Credit CardNoneFidelity Rewards Visa Signature CardNone
- Network
- Bank of America Premium Rewards Credit CardVisa SignatureFidelity Rewards Visa Signature CardVisa Signature
Earn ratesPer $1 spent · points and cash back aren’t ranked against each other
- Dining
- Bank of America Premium Rewards Credit Card2xFidelity Rewards Visa Signature Card2%
- Travel
- Bank of America Premium Rewards Credit Card2xFidelity Rewards Visa Signature Card2%
- Everything else
- Bank of America Premium Rewards Credit Card1.5xFidelity Rewards Visa Signature Card2%
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
Fidelity Rewards Visa Signature Card- Up to $100 back for Global Entry or TSA PreCheck · $100 every 4 years
Perks & access— means none on record
- Hotel status & programs
- Bank of America Premium Rewards Credit Card
- Visa Signature Luxury Hotel Collection access
Fidelity Rewards Visa Signature Card- 900+ luxury hotel properties with exclusive perks
- Other perks
- Bank of America Premium Rewards Credit Card
- Visa Signature Concierge Service available 24/7
- No Foreign Transaction Fees on purchases
Fidelity Rewards Visa Signature Card- 24/7 Visa Signature Concierge service
- OpenTable dining access after card verification
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
Fidelity Rewards Visa Signature Card- Travel Accident Insurance · up to $250,000
- Baggage
- Bank of America Premium Rewards Credit Card
- $3,000 lost luggage reimbursement coverage available
- $500 baggage delay protection coverage available
Fidelity Rewards Visa Signature Card- Up to $3,000 lost luggage coverage per trip
- Rental car
- Bank of America Premium Rewards Credit Card
- Automotive protections
- Auto Rental Collision Damage Waiver coverage
Fidelity Rewards Visa Signature Card- Auto rental collision damage waiver · up to $75,000
- Purchase & returns
- Bank of America Premium Rewards Credit Card
- $10,000 purchase protection for eligible items
Fidelity Rewards Visa Signature Card- $500 per claim on theft or damage
- Extended warranty
- Bank of America Premium Rewards Credit Card
- $10,000 extended warranty protection on eligible purchases
Fidelity Rewards Visa Signature Card— - Other protections
- Bank of America Premium Rewards Credit Card
- Roadside Dispatch Program available 24/7 nationwide
- FICO® Score
Fidelity Rewards Visa Signature Card- 24/7 worldwide travel and emergency assistance
- 24/7 roadside dispatch assistance (pay-per-use)
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
Fidelity Rewards Visa Signature Card- True 2% unlimited cash back on all purchases with no annual fee
- Rewards auto-deposit into Fidelity brokerage, IRA, 529, or cash management accounts
- No minimum redemption threshold (rewards deposit automatically)
- No foreign transaction fee (removed September 1, 2023)
- Visa Signature benefits in the issuer's Guide to Benefits: purchase security, lost luggage reimbursement, auto rental collision damage waiver, travel accident insurance, concierge
- 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+)
Fidelity Rewards Visa Signature Card- The 2% cash back value applies only when points are deposited into an eligible Fidelity account
- Not flexible if you ever want to leave Fidelity
- No premium travel benefits or lounge access
- Issued by Elan Financial Services, not Fidelity directly (customer service may vary)
- No welcome bonus is listed on the issuer's page
Category-by-Category Winner
The Fidelity Rewards Visa Signature Card wins in 1 of 1 categories. The Bank of America Premium Rewards Credit Card leads in 0.
Everyday purchases
Fidelity Rewards Visa Signature Card earns 2X on all other spending vs 1.5X
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.
Modeled value is close across spend levels — especially once statement credits are counted.
| Scenario | Bank of America Premium Rewards Credit Card | Fidelity Rewards Visa Signature Card | 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: $240 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $240 Year one: $240 | Close — depends on how much of the credits you use | Bank of America Premium Rewards Credit Card |
| Heavy spender: $4,000/month | Rewards: $780 Credits (our usable estimate): $180 − Annual fee ($95) Ongoing: $865 Year one: $1,465 | Rewards: $960 Credits (our usable estimate): $0 − Annual fee ($0) Ongoing: $960 Year one: $960 | Fidelity Rewards Visa Signature Card | Bank of America Premium Rewards Credit Card |
Is the Fee Difference Worth It?
The Bank of America Premium Rewards Credit Card costs $95/yr — that's $95 more than the Fidelity Rewards Visa Signature Card (no annual fee). To justify that gap, you need to extract at least $95 in annual value from the card's higher earn rates and benefits.
The Bank of America Premium Rewards Credit Card includes travel credits, Global Entry/TSA PreCheck credit. Those perks are not included in the earn-rate scenario table above — compare their dollar value to the $95 fee gap for your own usage.
Bottom line: Use the year-one vs ongoing table for modeled earn value at your spend level. The $95 fee gap means the Bank of America Premium Rewards Credit Card needs roughly $95 more in annual rewards (or credits you will use) to break even on travel and dining and everyday spend.
Which Card Is Right for You?
Get the Bank of America Premium Rewards Credit Card if you:
- +Spend $300+/month on restaurants and dining out
Get the Fidelity Rewards Visa Signature Card if you:
- +Prefer a high flat rate across all spending
The Bottom Line
Modeled value is close across spend levels — especially once statement credits are counted.
Everyday (non-bonus) spend earns 2X on the Fidelity Rewards Visa Signature Card vs 1.5X on the other card.
Published annual fees: Bank of America Premium Rewards Credit Card $95/yr, Fidelity Rewards Visa Signature Card $0/yr — a $95 difference before welcome offers and credits.
Frequently Asked Questions
- Is the Bank of America Premium Rewards Credit Card worth the higher annual fee?
- The Bank of America Premium Rewards Credit Card costs $95/yr vs $0/yr for the Fidelity Rewards Visa Signature Card. Compare the year-one vs ongoing value table on this page — the $95 gap must be offset by higher earn rates, welcome offers, or credits you will use (the Bank of America Premium Rewards Credit Card also lists travel credits).
- Which card earns more rewards, the Bank of America Premium Rewards Credit Card or Fidelity Rewards Visa Signature Card?
- The Fidelity Rewards Visa Signature Card has a higher base earn rate (2X vs 1.5X), but both cards have different bonus categories where they excel.
- What benefits does the Bank of America Premium Rewards Credit Card have that the Fidelity Rewards Visa Signature Card doesn't?
- The Bank of America Premium Rewards Credit Card offers travel credits. The Fidelity Rewards Visa Signature Card focuses more on earn rates than premium perks.
- Should I get the Bank of America Premium Rewards Credit Card or the Fidelity Rewards Visa Signature Card?
- Use the spend scenarios on this page: the Fidelity Rewards Visa Signature Card has a lower $0/yr fee; the Bank of America Premium Rewards Credit Card must earn enough extra (or offer a larger welcome bonus) to justify $95/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.