Head-to-head · 🇺🇸 United States
American Express Platinum vs Bank of America Premium Rewards
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
US
Premium
American Express
American Express Platinum
AMERICAN
EXPRESS
EXPRESS
Wins 2 of 10
US
Bank of America
Bank of America Premium Rewards
VISA
Wins 2 of 10
Verdict
It's a true tie — neither dominates. Pick the one whose boost categories match where you actually spend.
Side-by-side
| Criterion | American Express Platinum | Bank of America Premium Rewards |
|---|---|---|
| Annual fee | · $695 | $95 |
| Joining fee | = None | = None |
| Top reward rate | 5% (travel) | · 2% (travel) |
| Base reward rate | · 1% | 1.5% |
| Forex markup | = No FX fee | = No FX fee |
| Welcome bonus | = 80,000 Membership Rewards points after $8,000 in 6 months | = 60,000 points after $4,000 spend in 90 days |
| Fee waiver threshold | = No waiver | = No waiver |
| Min income | = — | = — |
| Min credit score | = 720 | = 720 |
| Editorial rating | 4.6/5 | · 4.4/5 |
Benefits compared
American Express Platinum
- 5x points on flights booked direct or via amextravel
- Centurion Lounge + Priority Pass + Delta SkyClub access
- $200 annual airline fee credit + $200 Uber Cash
- $200 hotel credit + $189 CLEAR credit
- Marriott Bonvoy Gold + Hilton Honors Gold status
- No foreign transaction fees
Bank of America Premium Rewards
- 2x on travel + dining
- 1.5x on everything else
- Up to 75% bonus for Preferred Rewards (Platinum Honors tier)
- $100 annual airline incidental credit
- $100 Global Entry/TSA PreCheck credit
FAQ
›American Express Platinum vs Bank of America Premium Rewards: which is better?
It's a true tie — pick the one whose boost categories match your spend. American Express Platinum wins on 2 criteria, Bank of America Premium Rewards on 2.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use American Express Platinum for its best categories, Bank of America Premium Rewards for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
American Express Platinum: 80,000 Membership Rewards points after $8,000 in 6 months. Bank of America Premium Rewards: 60,000 points after $4,000 spend in 90 days.