Advertiser & Editorial Disclosure

Bank of America® Premium Rewards® Credit Card

Bank of America® Premium Rewards® Credit Card

Receive 50,000 bonus points- a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening. Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases. If you’re a Bank of America Preferred Rewards client, you can get a 25%-75% rewards bonus on every purchase. No limit to the points you can earn and your points don’t expire. Flexibility to redeem for a statement credit, deposit into eligible Bank of America® or Merrill Lynch® accounts like checking, savings, and 529, for gift cards or use at the Bank of America Travel Center. Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections. No Foreign Transaction Fees. Low $95 annual fee.

Cost
50% Complete
HighLow
Effort to Apply
10% Complete
DifficultEasy
Card Perks
80% Complete
PoorGood
Features
70% Complete
PoorGood

9/10

Bottom Line

A great travel rewards card for everyday spending. Combine this card with a Bank of America Preferred Rewards account to maximize your rewards.

Pros

Great rewards and benefits, including statement credits for expedited airport screening and travel fees.

Cons

Annual fee and higher APR.

Intro APR
N/A
Purchase APR
17.49% - 24.49% Variable APR
Annual Fee
$95
Welcome Offer
50,000 bonus points- a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening.
Rewards Rate
2 points for every $1 spent on travel and dining purchases and 1.5 points per $1 spent on all other purchases.
Foreign Transaction Fee
None

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