Discover a world of endless opportunities with the Bank of America Premium Rewards credit card, designed to maximize rewards and offer exclusive benefits tailored to your lifestyle.
What you need to know about this credit card:
- Introductory bonus: Earn 60,000 points (a $600 value) after spending $4,000 within 90 days.
- Annual fee: A low $95 annual fee makes this card highly competitive.
- Rewards rate: Earn 2 points per dollar on travel/dining and 1.5 points on all other purchases.
- No foreign transaction fees: Enjoy seamless international spending with no extra costs.
Pros
- Generous welcome bonus: 60,000 points after meeting the spending requirement.
- Premium travel benefits: Up to $200 in annual travel statement credits.
- Preferred Rewards bonus: Boost your points by 25%-75% based on your Preferred Rewards tier.
- Comprehensive protections: Travel insurance, purchase protection, and more for added peace of mind.
- Flexible redemption options: Redeem for cash back, travel, gift cards, or statement credits.
Cons
- Annual fee: $95, which may deter those seeking no-fee cards.
- High APR: Standard rates range from 20.24% to 28.24% variable.
Why Choose Bank of America for your credit card?
Compared to Chase Bank, the Premium Rewards card offers more versatile redemption options and no foreign transaction fees.
Unlike U.S. Bank, this card provides a higher earning rate for travel and dining purchases, maximizing rewards.
Capital One cards often lack the robust travel credits and insurance benefits found with Premium Rewards.
While Wells Fargo cards are known for cash back, this card excels in travel perks, making it ideal for frequent travelers.
Compared to Citi, the Preferred Rewards bonus program amplifies point accumulation, offering unmatched value for loyal Bank of America clients.
Bank of America Premium Rewards: let’s get to know it a little better
How to apply for your Bank of America Premium Rewards card
Don’t wait to unlock premium benefits and rewards! Click below to start your application and explore the features of this top-tier credit card.