The Platinum Card® from American Express vs Bank of America® Premium Rewards® Elite Credit Card: fees, rewards and APR compared - DebitCue Skip to content
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Head-to-head

The Platinum Card® from American Express vs Bank of America® Premium Rewards® Elite Credit Card

Compare The Platinum Card® from American Express and Bank of America® Premium Rewards® Elite Credit Card side by side: fees, rewards, APR, and perks.

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Compared side by side

Cells with a check mark are the stronger value in that row. Ties stay unmarked.

The Platinum Card® from American Express versus Bank of America® Premium Rewards® Elite Credit Card compared by attribute
Feature The Platinum Card® from American Express Bank of America® Premium Rewards® Elite Credit Card
Card fee $895 USD/yr $550 USD/yr
Purchase APR (from) 19.49% 19.49%
Interest-free period - -
Foreign transaction fee 0% 0%
Rewards 5x points on flights booked directly with airlines or through Amex Travel (up to $500,000/year); 5x on prepaid hotels via Amex Travel; 1x on all other purchases 2 points per $1 on travel and dining; 1.5 points per $1 on all other purchases. 20% savings when redeeming points for airfare. Points are worth 1¢ each (1.2¢ on airfare redemptions with the 20% savings).
Installments - Custom Pay Plan available for eligible purchases $100+
No card fee - -
No foreign transaction fee
Welcome bonus
Airport lounge access
Travel insurance
Apple Pay / Google Pay

Which is right for you

Pick by how you spend

  • Choose the The Platinum Card® from American Express if its checked rows above line up with how you spend most.
  • Choose the Bank of America® Premium Rewards® Elite Credit Card if it wins on the features that matter most to you.
  • Still unsure? Read each full review below, then apply on the issuer's secure site.
Full review The Platinum Card® from American Express Full review Bank of America® Premium Rewards® Elite Credit Card

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