Premium Rewards Elite vs Unlimited Cash Rewards
Premium Rewards Elite
$550/yr
5.5/10
VS
Unlimited Cash Rewards
$0/yr
7.0/10
Quick Answer
Premium Rewards Elite charges $550/yr with 1X base rewards. Unlimited Cash Rewards charges no annual fee with 1X base rewards. Unlimited Cash Rewards offers better overall value for most spenders when comparing fees, rewards, and benefits side by side.
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Winner by Category
Annual Fees
Unlimited Cash Rewards
Lower annual fee ($550 vs $0)
Rewards Earning
Premium Rewards Elite
2 earning categories
Benefits & Protection
Premium Rewards Elite
0 benefits vs 0
Statement Credits
Premium Rewards Elite
$550 in annual credits
Flexibility
Tie
Both cards have similar redemption flexibility
OUR PICK
Unlimited Cash Rewards wins for most people
The $550 fee difference is hard to justify unless you maximize premium benefits.
Apply for Unlimited Cash RewardsPREMIUM PICK
Premium Rewards Elite wins for heavy spenders
If you can offset the higher fee with credits and perks, this card delivers more value.
Apply for Premium Rewards EliteRewards Earning: Detailed Comparison
Premium Rewards Elite
| Travel & dining | 2.0X |
| Everything else | 1.5X |
Unlimited Cash Rewards
| Everything | 1.5X |