First Citizens Bank
First Citizens Bank Premium Rewards Business
- Top earn
- 3%
- Annual fee
- $95
Card comparison
Which card is better between First Citizens Bank Premium Rewards Business and Bank of America Premium Rewards?
First Citizens Bank Premium Rewards Business is the better overall pick over Bank of America Premium Rewards because it leads on Madeen's weighted scorecard (63 vs 38) across categories, bonus, benefits, and fee.
Effective rate First Citizens Bank Premium Rewards Business
Annual fee Tie
Welcome bonus Bank of America Premium Rewards
Benefits value First Citizens Bank Premium Rewards Business
First Citizens Bank Premium Rewards Business is the stronger overall pick between First Citizens Bank Premium Rewards Business and Bank of America Premium Rewards because it leads on Madeen's weighted scorecard (63 vs 38) across categories, bonus, benefits, and fee. First Citizens Bank Premium Rewards Business (3% top effective rate) vs Bank of America Premium Rewards (2%): Madeen's catalog compares fees vs fees across dining, grocery, gas, and travel — not just headline categories.
Choose A if
Choose First Citizens Bank Premium Rewards Business when its strongest categories, bonus, or perks match how you actually spend.
Choose B if
Choose Bank of America Premium Rewards when the fee, welcome bonus, or issuer ecosystem fits better than the headline winner.
Full comparison
How do First Citizens Bank Premium Rewards Business and Bank of America Premium Rewards compare across all spend categories?
Across all five spend categories, First Citizens Bank Premium Rewards Business and Bank of America Premium Rewards trade wins row by row. First Citizens Bank Premium Rewards Business peaks at 3% effective; Bank of America Premium Rewards peaks at 2%. First Citizens Bank Premium Rewards Business wins the headline effective-rate view in this pair.
| Category / metric | First Citizens Bank Premium Rewards Business | Bank of America Premium Rewards | Winner |
|---|---|---|---|
| Dining | 3x points (3%) | 2x points (2%) | First Citizens Bank Premium Rewards Business · 1 pts |
| Grocery | 1.5x points (1.5%) | 1.5x points (1.5%) | Tie |
| Gas | 1.5x points (1.5%) | 1.5x points (1.5%) | Tie |
| Travel | 1.5x points (1.5%) | 1.5x points (1.5%) | Tie |
| Other | 1.5x points (1.5%) | 1.5x points (1.5%) | Tie |
| Welcome bonus | ~$500 estimated | ~$600 estimated | Bank of America Premium Rewards |
| Est. annual benefits | $24885/yr | $2125/yr | First Citizens Bank Premium Rewards Business |
| Annual fee | $95 | $95 | Tie |
| Holistic overall | 63 pts (cat 23, bonus 9, benefits 23, fee 8) | 38 pts (cat 17, bonus 11, benefits 2, fee 8) | First Citizens Bank Premium Rewards Business |
Madeen take
How to think about this pair
First Citizens Bank Premium Rewards Business (3% top effective rate) vs Bank of America Premium Rewards (2%): Madeen's catalog compares fees vs fees across dining, grocery, gas, and travel — not just headline categories.
Strategy
Use First Citizens Bank Premium Rewards Business when Best for spenders who put meaningful volume in dining and can earn 3x points. The welcome bonus can help if you can meet the spend requirement.. Use Bank of America Premium Rewards when Best for spenders who put meaningful volume in dining and can earn 2x points. The welcome bonus can help if you can meet the spend requirement. Travel perks may.
Welcome bonus playbook
If you are chasing a welcome bonus, Bank of America Premium Rewards leads on catalog bonus value. For long-term category earn after the bonus, First Citizens Bank Premium Rewards Business is the stronger keeper in this pair — but only if its annual fee still makes sense for your spend.
Madeen analysis
Which card has stronger benefits: First Citizens Bank Premium Rewards Business or Bank of America Premium Rewards?
Madeen estimates $24885 annual benefit value on First Citizens Bank Premium Rewards Business versus $2125 on Bank of America Premium Rewards. Credits only matter if you will use them.
First Citizens Bank Premium Rewards Business
Total est. value: $24,885/yr
Credits and perks only help if you will actually use them in a typical year.
- Purchase Security and Extended Protection $10,000/yr
- Cell phone protection $7,200/yr
- Lost Luggage Reimbursement $3,000/yr
- Travel Accident Insurance $3,000/yr
- Roadside Dispatch® $1,000/yr
Bank of America Premium Rewards
Total est. value: $2,125/yr
Credits and perks only help if you will actually use them in a typical year.
- Roadside Dispatch® $1,000/yr
- Sofar Sounds $240/yr
- Visa Signature Concierge $150/yr
- Airport Security Statement Credits $120/yr
- Global Entry Statement Credit $120/yr
Welcome bonus
Which welcome bonus is stronger for First Citizens Bank Premium Rewards Business or Bank of America Premium Rewards?
If you are chasing a welcome bonus, Bank of America Premium Rewards leads on catalog bonus value. For long-term category earn after the bonus, First Citizens Bank Premium Rewards Business is the stronger keeper in this pair — but only if its annual fee still makes sense for your spend. First Citizens Bank Premium Rewards Business lists 50k First Citizens.
First Citizens Bank Premium Rewards Business
50k First Citizens Bank Points
Bank of America Premium Rewards
60k Bank of America points
Caps & conditions
Caps and earn limits
Both First Citizens Bank Premium Rewards Business and Bank of America Premium Rewards carry structured reward caps in the catalog. Compare the category that matters most before assuming the headline multiplier lasts all year.
First Citizens Bank Premium Rewards Business
- Earn 3 points for every $1 spent at restaurants
Bank of America Premium Rewards
- Earn unlimited 2 points for every $1 spent on dining purchases
Who should pick which
Scenario playbook
Cashback-first user
Pick First Citizens Bank Premium Rewards Business
First Citizens Bank Premium Rewards Business is the better cashback-style pick because it has the cleaner effective-rate and fee blend for this pair.
Travel & points user
Pick First Citizens Bank Premium Rewards Business
First Citizens Bank Premium Rewards Business is the stronger travel-style pick because it combines better reward value with more travel-friendly positioning.
No annual fee priority
Pick First Citizens Bank Premium Rewards Business
First Citizens Bank Premium Rewards Business is easier to keep for no-fee users because it has the lighter annual-fee burden in this pair.
Heavy dining spend
Pick First Citizens Bank Premium Rewards Business
For restaurant and dining-coded spend, the winner is whoever posts the stronger dining effective rate after caps and exclusions — see the category matrix for the current snapshot.
Heavy grocery spend
Pick Tie
Supermarket and grocery coding can differ from superstores and delivery, so compare the grocery row before you optimize a weekly shopping basket.
Welcome bonus chaser
Pick Bank of America Premium Rewards
If you are chasing a welcome bonus, Bank of America Premium Rewards leads on catalog bonus value. For long-term category earn after the bonus, First Citizens Bank Premium Rewards Business is the stronger keeper in this pair — but only if its annual fee still makes sense for your spend.
Fee-sensitive keeper
Pick Tie
When you want the card that is easiest to keep year two, annual fee often matters more than a narrow category edge.
Decision guide
Which card is better between First Citizens Bank Premium Rewards Business and Bank of America Premium Rewards?
First Citizens Bank Premium Rewards Business is the better overall pick because it leads on Madeen's weighted scorecard (63 vs 38) across categories, bonus, benefits, and fee. First Citizens Bank Premium Rewards Business (3% top effective rate) vs Bank of America Premium Rewards (2%): Madeen's catalog compares fees vs fees across dining, grocery, gas, and travel — not just headline.
When should you pick First Citizens Bank Premium Rewards Business over Bank of America Premium Rewards?
Choose First Citizens Bank Premium Rewards Business if Best for spenders who put meaningful volume in dining and can earn 3x points. The welcome bonus can help if you can meet the spend requirement.. Worth a look for dining spend if you need a business card and can use First Citizens Bank points the way you redeem today.
Strengths
- Strongest Madeen category is dining at about 3% effective (3x points).
- That dining rate ranks higher than about 81% of cards we track in the category.
- No foreign transaction fee listed.
Tradeoffs
- $95 annual fee requires enough spend in bonus categories to offset.
- First Citizens Bank points value depends on how you redeem, not straight cash back.
When should you pick Bank of America Premium Rewards over First Citizens Bank Premium Rewards Business?
Choose Bank of America Premium Rewards if Best for spenders who put meaningful volume in dining and can earn 2x points. The welcome bonus can help if you can meet the spend requirement. Travel perks may add value beyond the earn rate.. Best for dining-heavy spend when the $95 fee fits your usage; confirm issuer terms before applying.
Strengths
- Strongest Madeen category is dining at about 2% effective (2x points).
- No foreign transaction fee listed.
- Welcome bonus may add value if you can meet spend requirements.
Tradeoffs
- $95 annual fee requires enough spend in bonus categories to offset.
- Bank of America points value depends on how you redeem, not straight cash back.
Common questions about First Citizens Bank Premium Rewards Business vs Bank of America Premium Rewards
Which card is better between First Citizens Bank Premium Rewards Business and Bank of America Premium Rewards?
First Citizens Bank Premium Rewards Business is the stronger overall fit because it leads on Madeen's weighted scorecard (63 vs 38) across categories, bonus, benefits, and fee. The overall winner depends on your spend mix — use the scorecard rows and scenario playbook to see where each card actually wins.
Which card wins on dining: First Citizens Bank Premium Rewards Business or Bank of America Premium Rewards?
First Citizens Bank Premium Rewards Business leads dining at 3% effective versus 2%.
Which card is better for cashback users: First Citizens Bank Premium Rewards Business or Bank of America Premium Rewards?
First Citizens Bank Premium Rewards Business is the better cashback-style pick between First Citizens Bank Premium Rewards Business and Bank of America Premium Rewards.
Which welcome bonus is stronger between First Citizens Bank Premium Rewards Business and Bank of America Premium Rewards?
If you are chasing a welcome bonus, Bank of America Premium Rewards leads on catalog bonus value. For long-term category earn after the bonus, First Citizens Bank Premium Rewards Business is the stronger keeper in this pair — but only if its annual fee still makes sense for your spend.
Which card has stronger benefits: First Citizens Bank Premium Rewards Business or Bank of America Premium Rewards?
First Citizens Bank Premium Rewards Business leads on estimated annual benefit value in the Madeen snapshot.
Which card has the lower annual fee: First Citizens Bank Premium Rewards Business or Bank of America Premium Rewards?
Tie has the simpler fee story in this pair ($95 vs $95). Annual fee only wins if you use the rewards and credits that justify it.
Is First Citizens Bank Premium Rewards Business or Bank of America Premium Rewards better for travel spend?
First Citizens Bank Premium Rewards Business is the stronger travel-style pick between First Citizens Bank Premium Rewards Business and Bank of America Premium Rewards in this snapshot.
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Reviewed by Madeen editorial review
Catalog snapshot 2026-05-01
Updated 2026-06-25
Content tier Standard
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