Bank of America® Premium Rewards® Elite Credit Card vs Chase Southwest Rapid Rewards® Plus Credit Card: fees, rewards and APR compared - DebitCue Skip to content
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Head-to-head

Bank of America® Premium Rewards® Elite Credit Card vs Chase Southwest Rapid Rewards® Plus Credit Card

Compare Bank of America® Premium Rewards® Elite Credit Card and Chase Southwest Rapid Rewards® Plus 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.

Bank of America® Premium Rewards® Elite Credit Card versus Chase Southwest Rapid Rewards® Plus Credit Card compared by attribute
Feature Bank of America® Premium Rewards® Elite Credit Card Chase Southwest Rapid Rewards® Plus Credit Card
Card fee $550 USD/yr $99 USD/yr
Purchase APR (from) 19.49% 19.24%
Interest-free period - -
Foreign transaction fee 0% 0%
Rewards 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). 2x Southwest purchases, 2x gas/groceries (up to $5k/yr), 1x all else; 3,000 anniversary points
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 Bank of America® Premium Rewards® Elite Credit Card if its checked rows above line up with how you spend most.
  • Choose the Chase Southwest Rapid Rewards® Plus 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.

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