Bank of America Premium Rewards vs. PenFed Pathfinder | finder.com

Bank of America® Premium Rewards® credit card vs. PenFed Pathfinder Rewards American Express® Card

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There are key differences between the two cards, including annual fees and rewards.

The Bank of America® Premium Rewards® credit card and PenFed Pathfinder Rewards American Express® Card are both great travel cards. Pick the former if you want a larger signup bonus and elevated rewards on dining. Choose the latter if you want better travel rewards, an intro APR on balance transfers and no annual fee.

Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card

PenFed Pathfinder Rewards American Express® Card

PenFed Pathfinder Rewards American Express® Card

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finder.com's rating

★★★★★

4.3 / 5.0

★★★★★

4.4 / 5.0
Best for
Best for
  • Low annual fee for premium perks
  • Great travel rewards with no annual fee
Welcome offer
Welcome offer

50,000 points after spending $3,000 in the first 90 days

25,000 points after spending $2,500 in the first 90 days

Rewards
Rewards

2x points on travel and dining and 1.5x points on all other purchases

3x points on travel or 4x points if you’re a PenFed Honors Advantage member and 1.5x points on all other purchases

Purchase APR (annual percentage rate)
Purchase APR (annual percentage rate)

18.24% to 25.24% variable

12.74% to 17.99% variable

Annual fee
Annual fee $95 $0
Balance transfers
Balance transfers APR: 18.24% to 25.24% variable

Fee: $10 or 3% of the transaction, whichever is greater

APR: 0% intro APR for 12 months, then 12.74% to 17.99% variable

Fee: 3% of the transaction

Cash advance
Cash advance

APR: 21.24% to 27.24% variable

Fee: $10 or 3% of the transaction, whichever is greater

APR: 12.74% to 17.99% variable

Fee: $5 or 5% of the transaction, whichever is greater

Foreign transaction fee
Foreign transaction fee None None
Late payment fee
Late payment fee $39 $25
Additional cardholder fee
Additional cardholder fee $0 $0
Interest-free period
Interest-free period 25 days 25 days
Minimum interest
Minimum interest $1.50 $0
Minimum credit score
Minimum credit score 670 670
Card type
Card type Credit Credit
Rates and Fees
Rates and Fees Rates & Fees Rates & Fees
Learn more
Learn more

Which card should you choose?

Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card

  • 50,000-point signup bonus
  • 2x points on travel and dining
  • Up to $200 in travel statement credit


PenFed’s card offers better rewards on travel, but Bank of America’s product has elevated rewards for dining and a much stronger signup bonus. The card has a $95 annual fee, while its competitor doesn’t.

PenFed Pathfinder Rewards American Express® Card

PenFed Pathfinder Rewards American Express® Card

  • 25,000-point welcome offer
  • Up to 3x points on travel
  • Intro APR on balance transfers

PenFed’s travel card is a powerful product. You’ll receive 4x points on travel if you’re a PenFed Honors Advantage member, a rate that handily beats what Bank of America’s card offers. Though it has a much weaker welcome offer than its competitor, the PenFed Pathfinder Rewards American Express® Card offers similar travel credits. It also offers a $0 annual fee and an intro APR on balance transfers, which Bank of America’s product doesn’t have.

What’s next?

There’s a lot to compare between these two cards. You might want to start with the annual fee, then consider the rewards you’ll earn. Also, look at each card’s signup bonus and whether you want an intro APR on balance transfers.

Not sure about either product? There are many other excellent travel cards to choose from that you can compare today.

Compare similar travel credit cards

Name Product Welcome offer Rewards Annual fee Filter values
75,000 points after spending $1,000 in the first 3 months
7x points on Hilton Honors purchases, 5x at US restaurants, US supermarkets and US gas stations, 3x on all other purchases
$0
Earn 75,000 Hilton Honors Bonus Points after you spend $1,000 in purchases on the card within your first 3 months of card membership. Rates & fees
20,000 miles after spending $1,000 in the first 3 months
1.25x miles on all purchases and 10x miles at hotels.com/venture
$0
Earn 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.
30,000 miles after spending $1,000 in the first 3 months, plus $50 when you make a Delta purchase in the same timeframe
2x miles on Delta purchases and 1x miles on all other purchases
$0 intro annual fee for the first year ($95 thereafter)
Earn 30,000 miles after spending $1,000 in the first 3 months, plus $50 when you make a direct Delta purchase in the same timeframe. Rates & fees
50,000 bonus miles after spending $3,000 in the first 3 months
2x miles on all purchases and 10x miles at hotels.com/venture
$0 intro annual fee for the first year ($95 thereafter)
Earn 50,000 bonus miles after spending $3,000 on purchases within the first 3 months from account opening.
50,000 points after spending $2,000 in the first 3 months
3x points at Marriott Bonvoy hotels, 2x on travel and 1x on all other purchases
$0
50,000 bonus points after you spend $2,000 on purchases in your first 3 months from your account opening.

Compare up to 4 providers

Compare more travel rewards credit cards

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