The Bank of America Premium Rewards edges out the Wells Fargo Active Cash for most cardholders — it wins on 2 of 4 comparison categories and offers 60,000 pts signup bonus. The Wells Fargo Active Cash is the better choice if you want no or lower annual fee.
Bank of America Premium Rewards vs Wells Fargo Active Cash
Side-by-side comparison of fees, rewards, benefits, and transfer partners.
Comparison Method
CardCurator compares measurable differences first: annual fee, current welcome offer, top-end earning, and recurring credits. If the cards are close, the right answer depends on spending pattern and perk usage rather than headline prestige.
- Travel 2x
- Dining 2x
- All Other Purchases 1.5x
- All Purchases 2x
- Airline Incidental Credit $100
- TSA PreCheck / Global Entry $100
Quick summary
A short version of the comparison with the main differences at a glance.
The Bank of America Premium Rewards edges out the Wells Fargo Active Cash for most cardholders — it wins on 2 of 4 comparison categories and offers 60,000 pts signup bonus. The Wells Fargo Active Cash is the better choice if you want no or lower annual fee. On raw upside, Bank of America Premium Rewards tops out at 2x versus 2x for Wells Fargo Active Cash. Current signup bonus values are roughly $600 for Bank of America Premium Rewards and $2 for Wells Fargo Active Cash. Updated May 29, 2026. Source: https://cardcurator.ai/compare/bank-of-america-premium-rewards-vs-wells-fargo-active-cash
- 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; Wells Fargo Active Cash reaches 2x.
- Annual fee: Bank of America Premium Rewards is $95/yr; Wells Fargo Active Cash is no annual fee.
- Current public bonus values are approximately $600 and $2.
Common Questions: Bank of America Premium Rewards vs Wells Fargo Active Cash
Is the Bank of America Premium Rewards or Wells Fargo Active Cash better for dining?
Bank of America Premium Rewards earns 2x on dining; Wells Fargo Active Cash 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). Wells Fargo Active Cash offers 20,000 pts signup bonus (spend $500 in 3 months). Bank of America Premium Rewards has the larger bonus.
Which card is better for international travel?
Bank of America Premium Rewards charges no foreign transaction fees — the better pick for international use. Wells Fargo Active Cash charges 3% on foreign purchases.
Can I hold both the Bank of America Premium Rewards and the Wells Fargo Active Cash?
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 Wells Fargo Active Cash is from Wells Fargo, so they're governed by separate bank policies.