The Bank of America Premium Rewards and Costco Anywhere Visa are closely matched. Bank of America Premium Rewards wins on 2 categories (60,000 pts signup bonus); Costco Anywhere Visa wins on 2 (no current bonus). The better pick depends on your spending patterns.
Bank of America Premium Rewards vs Costco Anywhere Visa
Get the clearer winner first, see the specific exception case, and only personalize further if the decision is genuinely close.
This comparison is too close for a one-size-fits-most winner.
The structural tradeoffs are close enough that fee tolerance, category mix, and rewards ecosystem should drive the final decision.
Use the light personalization step below if you want to break the tie without sharing a statement yet.
Neither card cleanly wins on this page, so the exception case is effectively the main case.
Why we picked this winner
- Bank of America Premium Rewards wins 2 of 4 comparison categories in CardCurator's quick verdict model.
- Top earn rate: Bank of America Premium Rewards reaches 2x; Costco Anywhere Visa reaches 5x.
- Annual fee: Bank of America Premium Rewards is $95/yr; Costco Anywhere Visa is no annual fee.
- Current public bonus values are approximately $600 and $0.
Close call
The measurable gap is narrow, so your actual spend mix and card ecosystem matter more than the headline winner.
Which Card Comes Out Ahead?
Bank of America Premium Rewards and Costco Anywhere Visa are close enough that the better pick depends on where you spend most, how much value you get from perks, and whether you prefer one rewards ecosystem over the other.
Best if your main priority is the larger current welcome offer.
Best if you care most about stronger category earning on everyday spend.
Why you can trust this answer
CardCurator compares measurable card economics first, then uses deeper rewards intelligence from program data, transfer partners, award charts, and live bonuses when a decision depends on the ecosystem behind the card rather than the card headline alone.
Personalize this answer without sharing sensitive data
Start with a few signals that usually decide close matchups: rough monthly spend, your top category, annual-fee tolerance, and whether you already hold either card.
This step is meant to break close ties without asking for uploads, account creation, or exact spending data.
Bank of America Premium Rewards
Assumptions: default assumptions
Bank of America Premium Rewards still comes out ahead after a light personalization pass, which suggests the recommendation is fairly robust.
- Travel 2x
- Dining 2x
- All Other Purchases 1.5x
- Gas at Costco 5x
- Eligible Gas and EV Charging 4x
- Restaurants 3x
- Airline Incidental Credit $100
- TSA PreCheck / Global Entry $100
- Costco Membership $65
Quick summary
A short version of the comparison with the main differences at a glance.
The Bank of America Premium Rewards and Costco Anywhere Visa are closely matched. Bank of America Premium Rewards wins on 2 categories (60,000 pts signup bonus); Costco Anywhere Visa wins on 2 (no current bonus). The better pick depends on your spending patterns. On raw upside, Bank of America Premium Rewards tops out at 2x versus 5x for Costco Anywhere Visa. Current signup bonus values are roughly $600 for Bank of America Premium Rewards and $0 for Costco Anywhere Visa. Summary generated July 26, 2026. Source: https://cardcurator.ai/compare/bank-of-america-premium-rewards-vs-costco-anywhere-visa
- Bank of America Premium Rewards wins 2 of 4 comparison categories in CardCurator's quick verdict model.
- Top earn rate: Bank of America Premium Rewards reaches 2x; Costco Anywhere Visa reaches 5x.
- Annual fee: Bank of America Premium Rewards is $95/yr; Costco Anywhere Visa is no annual fee.
- Current public bonus values are approximately $600 and $0.
Common Questions: Bank of America Premium Rewards vs Costco Anywhere Visa
Is the Bank of America Premium Rewards or Costco Anywhere Visa better for dining?
Bank of America Premium Rewards earns 2x on dining; Costco Anywhere Visa earns 3x on dining. Costco Anywhere Visa wins for dining.
Which has the higher signup bonus in 2026?
Bank of America Premium Rewards currently offers 60,000 pts signup bonus (spend $4,000 in 3 months). Costco Anywhere Visa offers no current bonus. Bank of America Premium Rewards has the larger bonus.
Which card is better for international travel?
Both cards charge no foreign transaction fees, making either a solid choice for international travel.
Can I hold both the Bank of America Premium Rewards and the Costco Anywhere Visa?
In most cases yes — holding both is allowed and can be a smart strategy for maximizing rewards across different spending categories. Bank of America Premium Rewards is from Bank of America and Costco Anywhere Visa is from Citi, so they're governed by separate bank policies.
Keep Researching
If this matchup is close, the stronger next step is usually to read the full card reviews or use a broader ranking page instead of comparing random pairs one by one.