Bank of America Premium Rewards Credit Card

Welcome Bonus

60,000 online bonus points

after you make at least $4,000 in purchases in the first 90 days of account opening

Annual Fee


Annual Rewards

2 points

for every $1 spent on travel and dining purchases and 1.5 points per $1 on all other purchases

Rewards on Approval


Interest rates

Purchase Rates


Cash Advance Rates


Balance Transfer Rates


Table of Contents

Bank of America Premium Rewards Credit Card

The Bank of America Premium Rewards Credit Card is a versatile and feature-rich credit card designed to cater to the needs of discerning customers seeking a balance between rewards, travel perks, and financial flexibility. With an emphasis on providing value through a robust rewards program and premium benefits, this credit card is positioned as an attractive option for individuals who prioritize both earning points and enjoying exclusive privileges.


  1. Versatile Rewards: The card's rewards program caters to diverse preferences, allowing users to maximize the value of their points.
  2. Travel-Focused Perks: With features like travel statement credits and no foreign transaction fees, this card is particularly appealing to frequent travelers.
  3. Sign-Up Bonus: The substantial sign-up bonus provides immediate value for new cardholders.
  4. Flexible Redemption: The ability to redeem points for various options gives cardholders greater control over their rewards.
  5. Global Entry/TSA PreCheck: Access to application fee reimbursement for these programs adds convenience for frequent flyers.


  1. Annual Fee: While the card offers significant benefits, it comes with an annual fee that may be a consideration for some users.
  2. Interest Rates: Depending on the individual's creditworthiness, the APR can be relatively high.
  3. No Introductory APR: Unlike some other cards, the Bank of America Premium Rewards Credit Card does not offer an introductory 0% APR period for purchases or balance transfers.
  4. Tiered Rewards: The rewards structure includes tiers, and the highest earning rates apply to specific categories, potentially limiting earning potential in other areas.
  5. Premium Requirements: Some of the premium benefits may require a higher credit score, making them less accessible to those with lower credit ratings.

Details & Eligibility

  • 800+
  • N/A
  • N/A
  • $95
  • N/A
  • Visa
  • No
  • 20.24%
  • 23.24%
  • 20.24%
  • N/A
  • N/A
  • N/A
The Bank of America Premium Rewards Credit Card is issued by Bank of America, one of the largest and most prominent financial institutions in the United States. As a premium credit card, it offers a comprehensive suite of features, making it suitable for various spending preferences and lifestyle choices. Key Features:
  1. Rewards Program: The card comes with a competitive rewards program that allows cardholders to earn points on every purchase. These points can be redeemed for a variety of options, including travel, cash back, gift cards, and more.
  2. Sign-Up Bonus: New cardholders can take advantage of a generous sign-up bonus, providing a substantial boost to their initial points balance.
  3. Travel Benefits: Users enjoy a range of travel perks, including statement credits for travel-related expenses, no foreign transaction fees, and access to the Global Entry/TSA PreCheck application fee reimbursement.
  4. Flexible Redemption Options: The flexibility of point redemption sets this card apart, offering users the freedom to choose how they want to use their earned rewards.
  5. Premium Customer Service: As a premium credit card, it provides dedicated customer service to assist cardholders with any inquiries or concerns.
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