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Premium Rewards®

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Premium Rewards®
4.5

Annual fee:
$95

Intro APR

Purchases: N/A

Balance Transfers: N/A

Regular APR

20.24% - 28.24% Variable APR

Buy Now, Pay Later N/A

N/A

Credit Score

670-850 (Good/Excellent)

Rewards Earn 2x points on travel and dining. Earn 1.5x points on all other purchases. Earn 25%-75% more points on every purchase if you’re enrolled in Bank of America Preferred Rewards, up to 3.5x points per $1 on travel and dining and up to 2.62x points on all other purchases.

1.5x - 3.5x Points

Welcome Offer Earn 60,000 bonus points after spending $4,000 in the first 90 days. That's worth $600 when redeemed for cash.

60,000 Points

Welcome Offer

Earn 60,000 bonus points after spending $4,000 in the first 90 days. That’s worth $600 when redeemed for cash.

Rewards

  • 2x Points on Select Categories:
    • 2x Points on Travel.
    • 2x Points on Dining.
  • 1.5x Points On All Other Purchases.
  • Boosted Rewards for Preferred Rewards Members: Earn 25%-75% more points on every purchase if you’re enrolled in Bank of America Preferred Rewards, up to 3.5x points per $1 on travel and dining and up to 2.62x points on all other purchases.

Redemption Options

Redeem rewards for cash, gift cards, travel, and more.

Fees and APR

  • Annual Fee: $95.
  • Regular APR: 20.24% - 28.24% Variable APR.
  • Balance Transfer Fees: 4% of each transfer amount.
  • Foreign Transaction Fee: None.

Travel Benefits

  • Up to $100 Airline Incidental Credit: Automatically receive up to $100 back each year for qualifying airline purchases like seat upgrades, baggage fees, in-flight services, and lounge access.
  • Global Entry/TSA PreCheck® Fee Reimbursement: Get up to $100 every four years for the application fee.
  • Visa Signature® Luxury Hotel Collection: Enjoy premium benefits when booking through the Visa Signature Luxury Hotel Collection with your Premium Rewards® card.
  • Other Travel Benefits: Includes Auto Rental Coverage, Roadside Assistance, Travel and Emergency Assistance Services, Trip Cancellation/Interruption Insurance, Baggage Delay Insurance, Lost Luggage Reimbursement, Trip Delay Reimbursement, and Emergency Evacuation and Transportation.

Purchase Protections

  • Purchase Protection: Covers new purchases for 90 days against damage or theft, up to $10,000 per claim.
  • Extended Warranty Protection: Extends warranty coverage by one additional year on original eligible warranties of three years or less.
  • Return Protection: Reimburses for eligible items that the store won’t take back within 90 days of purchase, up to $250 per item and $1,000 per year.

Additional Features

  • Zero liability protection, fraud protection, automatic account alerts, contactless checkout, compatibility with digital wallets, free access to FICO® Score, Balance Connect® for overdraft protection, and Visa Signature® concierge service.

Click Apply Now to see the terms and conditions.

The Bank of America® Premium Rewards® Credit Card is a strong choice for frequent travelers and Preferred Rewards members seeking flexible travel benefits and elevated rewards. It earns 2x points on travel and dining, and 1.5x on all other purchases, with points redeemable for statement credits, travel, or cashback. Cardholders receive $100 in annual airline incidental statement credits and a credit for TSA PreCheck® or Global Entry application fees, along with valuable travel protections like trip delay reimbursement, lost luggage coverage, and no foreign transaction fees. While it has a $95 annual fee, the card’s value increases significantly for Bank of America customers who qualify for Preferred Rewards, potentially boosting earnings by 25%–75%. This card is best suited for those who want solid travel perks and enhanced rewards without the high cost of luxury cards.