Bank of America Premium Rewards credit card vs. Chase Sapphire Preferred

Both options charge an annual fee, which is common and on the lower end for travel credit cards. We understand the hesitation to pay a fee, but both cards’ introductory bonuses easily make up for the initial expense — provided you pay off your balance in full each month to avoid interest charges.

Plus, if you use either card regularly, you can also expect the rewards to outweigh the cost in the future. For example, you’ll see a return on your investment by using the Chase Sapphire Preferred to book just $1,900 worth of travel through the Chase Travel portal per year. You’ll also come out ahead if you spend more than $396 a month on travel and dining using the Bank of America Premium Rewards card.