Premium Rewards vs Premium Rewards Elite
Premium Rewards
$95/yr
7.5/10
VS
Premium Rewards Elite
$550/yr
5.5/10
Quick Answer
Premium Rewards charges $95/yr with 1X base rewards. Premium Rewards Elite charges $550/yr with 1X base rewards. Premium 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
Premium Rewards
Lower annual fee ($95 vs $550)
Rewards Earning
Premium Rewards
3 earning categories
Benefits & Protection
Premium Rewards
5 benefits vs 0
Statement Credits
Premium Rewards Elite
$550 in annual credits
Flexibility
Tie
Both cards have similar redemption flexibility
OUR PICK
Premium Rewards wins for most people
The $455 fee difference is hard to justify unless you maximize premium benefits.
Apply for Premium 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
| Travel purchases | 2.0X |
| Dining | 2.0X |
| Everything else | 1.5X |
Premium Rewards Elite
| Travel & dining | 2.0X |
| Everything else | 1.5X |
Card Benefits: Detailed Comparison
Premium Rewards (5 benefits)
- Trip Cancellation and Interruption Insurance (up to $2,500)
- Trip Delay Reimbursement
- Auto Rental Collision Damage Waiver
- Purchase Protection (up to $1,000)
- Extended Warranty
Premium Rewards Elite (0 benefits)
See full review for benefits details.