Chase Sapphire Reserve® vs Bank of America Cash Rewards

Compare Rewards, Interest Rates, Fees, and Benefits

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Chase Sapphire Reserve is an ultra premium credit card for luxury travelers. How does it compare to Bank of America Cash Rewards, a cash back card? Read our comparison chart below.

Keep in mind, the Chase Sapphire Reserve has a $550 annual fee, while the Bank of America Cash Rewards has a $0 annual fee.

	Chase Sapphire Reserve®	Bank of America® Customized Cash Rewards credit card

	Credit Card Interest Rates & Fees
Introductory APR for Purchases	N/A	0% Introductory APR on purchases for 15 billing cycles
Introductory APR for Balance Transfers	N/A	0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days
Purchase APR	16.99% to 23.99% Variable based on your creditworthiness and other factors	13.99% to 23.99% Variable APR on purchases based on your creditworthiness and other factors
Balance Transfers APR	16.99% to 23.99% Variable based on your creditworthiness and other factors	13.99% to 23.99% Variable APR on balance transfers based on your creditworthiness and other factors
Foreign Transaction Fee	$0	3% of the amount of each transaction.
Annual Fee	$550 annual fee	$0 annual fee
	Credit Card Rewards & Benefits
Introductory Bonus Cash Back		$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
Introductory Bonus Offer	Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®
Cash Back Rewards		Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
Travel Rewards	Earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases. 1:1 point transfer to leading airline and hotel loyalty programs
Airline Rewards	1:1 point transfer to leading airline and hotel loyalty programs
Hotel Rewards	1:1 point transfer to leading airline and hotel loyalty programs
Point Rewards	Earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases
Airline Status	$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year. Through December 31, 2021, gas station & grocery store purchases will also count towards earning your Travel Credit. Complimentary Priority Pass™ Select membership for access to 1,300+ airport lounges worldwide. One-time enrollment required for Priority Pass Select
Grocery Rewards		Earn 2% at grocery stores (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
Dining Rewards	3X points on dining at restaurants
Airline Transfer Partners	Chase airline transfer partners include United Airlines, Southwest Airlines, JetBlue, British Airways, Air Canada, Air France, Singapore Airlines, Virgin Atlantic, Iberia, Emirates, and Aer Lingus.
	CreditDonkey® Credit Card Reviews
Pros & Cons	Pros: Bonus points Annual travel credit Elite travel benefits Cons: $550 annual fee No introductory annual fee No intro APR
Bottom Line	Ultra premium credit card for luxury travelers... Read full review

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