{"slug":"bank-of-america-vs-chase","title":"Chase vs Bank of America","url":"https://www.aversusb.net/compare/bank-of-america-vs-chase","faqCount":4,"faqs":[{"question":"Which is better: Bank of America or Chase?","answer":"Chase is better for most people — particularly for credit card rewards (Sapphire, Freedom series) and a consistently top-rated banking app. Bank of America is better for customers who qualify for Preferred Rewards (you need $20,000+ in BofA/Merrill accounts — the 75% bonus on card rewards at Platinum Honors tier is exceptional). For pure checking/savings: both large banks offer similar products with similar low savings yields — you should keep savings in a high-yield savings account (Marcus, Ally, SoFi) regardless of which big bank you use for everyday checking. Location matters: check which has better branch/ATM coverage in your specific city."},{"question":"Does Chase or Bank of America have better credit cards?","answer":"Chase has a stronger overall credit card portfolio for most consumers. The Chase Sapphire Preferred ($95/year) and Freedom Unlimited (no fee) are among the best consumer rewards cards available. Chase Ultimate Rewards points transfer to 14 airline/hotel partners (United, Hyatt, Marriott, British Airways, etc.) at 1:1 ratio — highly valuable for travel rewards. Bank of America's strongest card for existing customers is the Customized Cash Rewards (no fee, 3% on your choice category). If you have $100,000+ in Merrill accounts, BofA's Preferred Rewards 75% bonus on card earn rates makes BofA cards competitive. Otherwise, Chase's card lineup wins for most people."},{"question":"Is Bank of America good for small business banking?","answer":"Bank of America offers solid small business banking products — Business Advantage checking, business savings, and BofA Business Advantage credit cards (Travel Rewards and Cash Rewards for business). BofA's Preferred Rewards for Business extends rewards to business accounts for qualifying relationship customers. Chase is typically considered the stronger choice for SMB banking due to its Chase Ink credit card lineup (Ink Preferred, Cash, Unlimited — all strong options) and more developed merchant services. For purely transactional business checking with good ATM access: BofA is competitive. For business credit cards that maximize rewards: Chase Ink generally wins. Many businesses keep both — checking at one, credit card at the other."},{"question":"Do Chase and Bank of America have free checking accounts?","answer":"Neither large bank offers truly free checking with no conditions. Chase Total Checking: $12/month fee, waived with $500+ direct deposit OR $1,500+ daily balance OR $5,000+ in combined daily balances. Bank of America Advantage SafeBalance: $4.99/month, waived if you're enrolled in Preferred Rewards OR under 25 (student-friendly). BofA Advantage Plus: $12/month, waived with $250+ direct deposit OR $1,500 minimum balance. Both banks make fee avoidance easy for people with regular direct deposit — most users with a steady paycheck pay $0/month in banking fees. If you want truly free checking with no minimums: Ally Bank, Chime, SoFi, and Marcus offer online checking with no monthly fees."}],"faqPageSchema":{"@context":"https://schema.org","@type":"FAQPage","@id":"https://www.aversusb.net/compare/bank-of-america-vs-chase#faq","url":"https://www.aversusb.net/compare/bank-of-america-vs-chase","inLanguage":"en-US","name":"Chase vs Bank of America — FAQ","description":"Frequently asked questions about Chase vs Bank of America","dateModified":"2026-09-15T09:00:06.883Z","author":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"},"publisher":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"},"isPartOf":{"@type":"Article","@id":"https://www.aversusb.net/compare/bank-of-america-vs-chase#article"},"license":"https://creativecommons.org/licenses/by/4.0/","speakable":{"@type":"SpeakableSpecification","@id":"https://www.aversusb.net/compare/bank-of-america-vs-chase#faq-speakable","cssSelector":[".faq-answer"]},"mainEntity":[{"@type":"Question","@id":"https://www.aversusb.net/compare/bank-of-america-vs-chase#q1","name":"Which is better: Bank of America or Chase?","answerCount":1,"acceptedAnswer":{"@type":"Answer","@id":"https://www.aversusb.net/compare/bank-of-america-vs-chase#a1","text":"Chase is better for most people — particularly for credit card rewards (Sapphire, Freedom series) and a consistently top-rated banking app. Bank of America is better for customers who qualify for Preferred Rewards (you need $20,000+ in BofA/Merrill accounts — the 75% bonus on card rewards at Platinum Honors tier is exceptional). For pure checking/savings: both large banks offer similar products with similar low savings yields — you should keep savings in a high-yield savings account (Marcus, Ally, SoFi) regardless of which big bank you use for everyday checking. Location matters: check which has better branch/ATM coverage in your specific city.","inLanguage":"en-US","url":"https://www.aversusb.net/compare/bank-of-america-vs-chase","upvoteCount":1,"author":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"}}},{"@type":"Question","@id":"https://www.aversusb.net/compare/bank-of-america-vs-chase#q2","name":"Does Chase or Bank of America have better credit cards?","answerCount":1,"acceptedAnswer":{"@type":"Answer","@id":"https://www.aversusb.net/compare/bank-of-america-vs-chase#a2","text":"Chase has a stronger overall credit card portfolio for most consumers. The Chase Sapphire Preferred ($95/year) and Freedom Unlimited (no fee) are among the best consumer rewards cards available. Chase Ultimate Rewards points transfer to 14 airline/hotel partners (United, Hyatt, Marriott, British Airways, etc.) at 1:1 ratio — highly valuable for travel rewards. Bank of America's strongest card for existing customers is the Customized Cash Rewards (no fee, 3% on your choice category). If you have $100,000+ in Merrill accounts, BofA's Preferred Rewards 75% bonus on card earn rates makes BofA cards competitive. Otherwise, Chase's card lineup wins for most people.","inLanguage":"en-US","url":"https://www.aversusb.net/compare/bank-of-america-vs-chase","upvoteCount":1,"author":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"}}},{"@type":"Question","@id":"https://www.aversusb.net/compare/bank-of-america-vs-chase#q3","name":"Is Bank of America good for small business banking?","answerCount":1,"acceptedAnswer":{"@type":"Answer","@id":"https://www.aversusb.net/compare/bank-of-america-vs-chase#a3","text":"Bank of America offers solid small business banking products — Business Advantage checking, business savings, and BofA Business Advantage credit cards (Travel Rewards and Cash Rewards for business). BofA's Preferred Rewards for Business extends rewards to business accounts for qualifying relationship customers. Chase is typically considered the stronger choice for SMB banking due to its Chase Ink credit card lineup (Ink Preferred, Cash, Unlimited — all strong options) and more developed merchant services. For purely transactional business checking with good ATM access: BofA is competitive. For business credit cards that maximize rewards: Chase Ink generally wins. Many businesses keep both — checking at one, credit card at the other.","inLanguage":"en-US","url":"https://www.aversusb.net/compare/bank-of-america-vs-chase","upvoteCount":1,"author":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"}}},{"@type":"Question","@id":"https://www.aversusb.net/compare/bank-of-america-vs-chase#q4","name":"Do Chase and Bank of America have free checking accounts?","answerCount":1,"acceptedAnswer":{"@type":"Answer","@id":"https://www.aversusb.net/compare/bank-of-america-vs-chase#a4","text":"Neither large bank offers truly free checking with no conditions. Chase Total Checking: $12/month fee, waived with $500+ direct deposit OR $1,500+ daily balance OR $5,000+ in combined daily balances. Bank of America Advantage SafeBalance: $4.99/month, waived if you're enrolled in Preferred Rewards OR under 25 (student-friendly). BofA Advantage Plus: $12/month, waived with $250+ direct deposit OR $1,500 minimum balance. Both banks make fee avoidance easy for people with regular direct deposit — most users with a steady paycheck pay $0/month in banking fees. If you want truly free checking with no minimums: Ally Bank, Chime, SoFi, and Marcus offer online checking with no monthly fees.","inLanguage":"en-US","url":"https://www.aversusb.net/compare/bank-of-america-vs-chase","upvoteCount":1,"author":{"@type":"Organization","@id":"https://www.aversusb.net/#organization","name":"A Versus B"}}}]}}