For the frequent travelers searching for a nice credit card to earn rewards, look no further. Introducing the new Bank of America Premium Rewards Credit Card. It offers several perks that travelers will love!
This card offers 50,000 bonus points after you make at least $3,000 in purchases in the first three months of the account opening! This card is a terrific, flexible choice for flyers who want to earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases.
Along with this, if you are traveling outside of the United States, you will not incur any foreign transaction fee using this card. If you’re interested in what more the Bank of America Premium Rewards Credit Card has to offer, see below!
|Chase Sapphire Preferred® Card 60K Points after $4,000 spend within 3 months.||Citi Premier® Card 60K Points after $4,000 spend within 3 months
|The Platinum Card® from American Express 80K Points after $6,000 spend within 6 months||Capital One Venture Rewards Credit Card 75K Points after $4,000 spend within 3 months|
|American Express® Gold Card 60K Points after $4,000 spend within 6 months||Citi CustomSM Cash Card $200 Bonus after $750 spend within 3 months|
|Chase Freedom FlexSM $200 Bonus after $500 spend within 3 months||Chase Freedom Unlimited® Card earn an additional 1.5% cash back on everything you buy (on up to $20K spent in the first year) - worth up to $300 cash back!|
|Blue Cash Preferred® Card from American Express $250 Welcome Offer after $3,000 spend within 6 months||Blue Cash Everyday® Card from American Express $200 Welcome Offer after you spend $2,000 in purchases on your new Card within the first 6 months.|
|Ink Business Preferred® Card 100K Points after $15,000 spend within first 3 months||Ink Business Unlimited® Credit Card $900 Bonus after $6,000 spend within 3 months|
|U.S. Bank Altitude® Go Visa Signature® Card $200 Bonus after $1,000 spend within 90 days||Capital One Quicksilver Cash Rewards Card $200 Bonus after $500 spend within 3 months|
* The Premium Rewards Card is issued by Bank of America. They also offer great sign-up bonuses for their Checking/Savings accounts. You can also compare this card with other credit card bonuses!
Table of Contents
Bank of America Premium Rewards Card Summary
|Bonus Available||50,000 bonus points ($500 value) after you make at least $3,000 in purchases in the first 90 days of account opening|
|Travel Credit||$100 Airline Incidental Statement Credit annually.
$100 Airport Security Statement Credit towards TSA Pre? or Global Entry Application fee, every four years.
Unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases.
|Foreign Transaction Fees||No|
|Annual Fee||No complimentary lounge access, but airline lounge fees count toward the $100 annual Airline Incidental Statement Credit rewards.|
|Airport Lounge Access||$95|
(Visit Bank of America for more details about this card)
Bank Of America Premium Rewards Bonus
Take advantage of the 50,000 bonus points offer for the Bank o America Premium Rewards credit card! To qualify, you’ll need to spend at least $3,000 within the first 90 days of account opening.
What are BoA Premium Rewards Card Points Worth?
You can redeem your points in three different ways:
- Points can be redeemed as a statement credit, or as a deposit into your eligible Bank of America or Merrill Lynch accounts
- Purchase travel (air, car, and hotel) through the Bank of America Travel Center
- Purchase gift cards
Bank of America Premium Rewards Card Benefits
- Travel, purchase, and automotive protections
- VISA Signature Luxury Hotel Collection, concierge service
- An optional service to help prevent declined purchases, returned checks or other overdrafts when you link your eligible Bank of America® checking account to your credit card. Transfer fees may apply.
- Paperless credit card statements and increase account security while reducing paper consumption.
- Access to our award-winning Online and Mobile Banking. Bank on the go from almost anywhere quickly and securely. Pay your credit card bill online, transfer funds, check available credit and more
- Stay on top of your balances and due dates. Choose from several types of customer email or text alerts and let your phone tell you when payments are due and paid
- Get the account information you need quickly by text. Simply send a text message and you’ll get a reply in seconds
- When you opt-in, you can access your FICO Score updated monthly for free, within your Mobile Banking app or in Online Banking
Bank of America Premium Rewards Card Top Features
If you’re a Bank of America Preferred Rewards client with at least $20,000 in combined accounts, you can enjoy a 25% – 75% rewards bonus on every purchase. Qualifying accounts include Bank of America (Checking/Savings). That means you could earn up to 3.5 points per $1 on travel and dining purchases and up to 2.625 points per $1 on all other purchases.
|Balance in Account||Rewards Bonus||Points per Dollar Earned|
|Under $20,000||0%||Travel/dining: 2
Other spending: 1.5
|Gold- $20,000 to $49,999||25%||Travel/dining: 2.5
Other spending: 1.875
|Platinum- $50,000 to $99,999||50%||Travel/dining: 3
Other spending: 2.25
|Platinum Honors- $100,000+||75%||Travel/dining: 3.5
Other spending: 2.625
Get up to a $100 Airline Incidental Statement Credit annually for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees – automatically applied to your card statement.
Get up to $100 Airport Security Statement Credit towards TSA PreCheck or Global Entry Application fee, every four years.
For best use of the card, use the credit towards Global Entry, since the rewards membership already includes TSA PreCheck.
Having no foreign transaction fees is a necessity of any good travel rewards card. You don’t want to be concerned with how much you’ll get hit with transaction fees when you make a purchase abroad. Use the card anywhere in the world without having to pay an extra ~3%.
Travelers, it’s time to take advantage of what credit cards have to offer. The Bank of America Premium Rewards Card is an example of a travelers card that has several perks and benefits to it. Frequent flyers are able to maximize their travels with this simple card.
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.