Card Comparison
Bank of America Premium Rewards vs Southwest Plus
Side-by-side comparison of fees, rewards, benefits, and transfer partners.
Annual Fee
$95/yr
$99/yr
Foreign Fees
None
None
Signup Bonus
60,000 points
Spend $4,000 in 3 months
85,000 points
Spend $3,000 in 3 months
Top Earn Rates
- Travel 2x
- Dining 2x
- All Other Purchases 1.5x
- Southwest Purchases 2x
- Gas Stations and Grocery Stores 2x
- All Other Purchases 1x
Reward Type
miles
miles
Key Credits
- Airline Incidental Credit $100
- TSA PreCheck / Global Entry $100
None
Transfer Partners
No transfer partners
No transfer partners
Common Questions: Bank of America Premium Rewards vs Southwest Plus
Is the Bank of America Premium Rewards or Southwest Plus better for dining?
Bank of America Premium Rewards earns 2x on dining; Southwest Plus has no dining bonus.
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). Southwest Plus offers 85,000 pts signup bonus (spend $3,000 in 3 months). Southwest Plus 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 Southwest Plus?
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 Southwest Plus is from Chase, so they're governed by separate bank policies.