Chase Sapphire Preferred (75,000 points welcome bonus) vs Bank of America Premium Rewards: earning rates, transfer partners, value (June 2026).
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The Chase Sapphire Preferred® Card is the better pick for travelers who want transfer partners, travel protections, Chase Travel credits, and higher category upside. The Bank of America® Premium Rewards® credit card is better if you qualify for BofA Rewards and want simple, boosted cash-style earning. The main decision is whether you value Chase’s travel ecosystem or Bank of America’s relationship-based rewards bonuses.
| Feature | Chase Sapphire Preferred® Card | Bank of America® Premium Rewards® credit card |
|---|---|---|
| Annual fee | $95 | $95 |
| Welcome offer | 75,000 points after spending $5,000 in 3 months | 60,000 online bonus points - a $600 value - after you make at least $4,000 in purchases in the first 90 days of account opening |
| Base earn rates | 5x Chase Travel; 3x key categories | 2 points for every $1 spent on travel/dining and 1.5 points on everything else (can be boosted by BofA Rewards) |
| Maximum earnings | N/A; all rates stay the same | Up to 3.5x travel/dining and 2.625x all other purchases |
The Chase Sapphire Preferred wins if you want travel upside. It has a signup bonus of 75,000 bonus points after $5,000 in purchases in the first 3 months from account opening.
It earns 5x through Chase Travel and 3x on dining, gas, EV charging, streaming, online groceries, and select vacation homes. It also has stronger travel protections, a $100 Chase Travel hotel credit, up to $120 for Global Entry, TSA PreCheck, or NEXUS, DashPass benefits, and a complimentary Apple TV subscription when activated by December 31, 2026.
Chase also wins for transfer partners. Sapphire Preferred has standout partners like World of Hyatt, United, and Southwest, which gives it more award-travel potential than Bank of America Premium Rewards. The caveat is that World of Hyatt transfers are changing to a 4:3 ratio under Chase’s 2026 timeline.
Bank of America® Premium Rewards® credit card wins if you have meaningful Bank of America or Merrill balances that qualify you for BofA Rewards tiers.
The card normally earns 2x points on travel and dining and 1.5x points on everything else, but BofA Rewards can boost those rates by 10%, 25%, 50%, or 75% depending on your BofA rewards tier.
That changes the comparison. At the Preferred Honors tier, the card gets a 50% bonus that effectively earns 3x on travel and dining and 2.25x on everything else.
At the Premier tier, it rises to an incredible 3.5x on travel and dining and 2.625x on everything else. That makes it one of the strongest $95 travel cards, especially if you’re a Bank of America loyalist.
It also has up to $100 in annual airline incidental credits that also offset the annual fee if you use it naturally. And you can even get free museum tickets.
The Chase Sapphire Preferred® Card is generally better for travelers who want transfer partners, travel protections, and category bonuses. Bank of America Premium Rewards is better when you have existing relationships with the bank, since the BofA Rewards potential is incredibly strong.
Without BofA Rewards, Chase is the stronger default. With Preferred Honors or Premier status, Bank of America Premium Rewards becomes much more competitive and is likely the better overall spending card.
Yes. Holding both can make sense if you use Chase for transfer partners and travel protections, then use Bank of America Premium Rewards for boosted everyday earning (assuming you have BofA Rewards) .
Bank of America Premium Rewards is better for uncategorized spending, especially with BofA Rewards. At Preferred Honors, it earns 2.25x on all other purchases outside of its bonus categories; at Premier, it earns 2.625x.
Chase Sapphire Preferred wins easily on transfer partners, with standouts like World of Hyatt, United, and Southwest.
Bank of America (in general) has no transfer partners and is better for simple cash-style redemptions, not award travel.
Yes. With Preferred Honors or Premier status, the boosted earning rates can make Bank of America Premium Rewards one of the strongest (yet simple) $95 rewards cards available. Even eligible BofA Rewards Members get a 10% rewards boost.
| Credits |
| $100 Chase Travel hotel credit; up to $120 Global Entry, TSA PreCheck, or NEXUS (every 4 years) |
| Up to $100 airline incidental credit; up to $100 TSA PreCheck or Global Entry (every 4 years) |
| Best for | Travel rewards optimizers | Folks with existing BofA relationships |
