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Card Comparison

Bank of America Premium Rewards vs The Platinum Card from American Express Exclusively for Charles Schwab

Side-by-side comparison of fees, rewards, benefits, and transfer partners.

Bank of America Premium Rewards card art
Bank of America Travel Rewards
Bank of America Premium Rewards
Bank of America
More Info
The Platinum Card from American Express Exclusively for Charles Schwab card art
American Express Membership Rewards
The Platinum Card from American Express Exclusively for Charles Schwab
American Express
More Info
Annual Fee
$95/yr
$895/yr
Foreign Fees
None
None
Signup Bonus
60,000 points
Spend $4,000 in 3 months
150,000 points
Spend $12,000 in 6 months
Top Earn Rates
  • Travel 2x
  • Dining 2x
  • All Other Purchases 1.5x
  • Flights (Direct or Amex Travel) 5x
  • Prepaid Hotels (Amex Travel) 5x
  • All Other Purchases 1x
Reward Type
miles
miles
Key Credits
  • Airline Incidental Credit $100
  • TSA PreCheck / Global Entry $100
  • Hotel Credit $300
  • Uber Cash $200
  • Uber One Credit $120
  • +2 more
Card Perks
None listed
  • Centurion Lounge Access
  • Priority Pass Select
  • Fine Hotels + Resorts
  • +2 more
Transfer Partners
No transfer partners
  • Flying Blue
  • Delta SkyMiles
  • True Blue
  • Qatar Avios
  • Virgin Atlantic Flying Club
  • +13 more
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Common Questions: Bank of America Premium Rewards vs The Platinum Card from American Express Exclusively for Charles Schwab

Is the Bank of America Premium Rewards or The Platinum Card from American Express Exclusively for Charles Schwab better for dining?

Bank of America Premium Rewards earns 2x on dining; The Platinum Card from American Express Exclusively for Charles Schwab 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). The Platinum Card from American Express Exclusively for Charles Schwab offers 150,000 pts signup bonus (spend $12,000 in 6 months). The Platinum Card from American Express Exclusively for Charles Schwab 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 The Platinum Card from American Express Exclusively for Charles Schwab?

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 The Platinum Card from American Express Exclusively for Charles Schwab is from American Express, so they're governed by separate bank policies.