Bank of America® Premium Rewards® Elite Credit Card vs Petal® 2 "Cash Back, No Fees" Visa® Credit Card: fees, rewards and APR compared - DebitCue Skip to content
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Bank of America® Premium Rewards® Elite Credit Card vs Petal® 2 "Cash Back, No Fees" Visa® Credit Card

Compare Bank of America® Premium Rewards® Elite Credit Card and Petal® 2 "Cash Back, No Fees" Visa® 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 Petal® 2 "Cash Back, No Fees" Visa® Credit Card compared by attribute
Feature Bank of America® Premium Rewards® Elite Credit Card Petal® 2 "Cash Back, No Fees" Visa® Credit Card
Card fee $550 USD/yr No fee
Purchase APR (from) 19.49% 28.24%
Interest-free period - 21 days
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). 1% cash back on all purchases from card activation; escalates to 1.25% after 6 on-time monthly payments and 1.5% after 12 on-time monthly payments. Bonus 2%–10% cash back at select national merchants via Petal Offers (card-linked deals visible in-app).
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 Petal® 2 "Cash Back, No Fees" Visa® 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 Bank of America® Premium Rewards® Elite Credit Card Full review Petal® 2 "Cash Back, No Fees" Visa® Credit Card

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