With Bank of America Premium Rewards Elite Credit Card, you have an opportunity to earn 75,000 online bonus points — a $750 value — after you make at least $5,000 in purchases in the first 90 days of account opening.
Bank of America Premium Rewards Elite Credit Card Summary
| Bonus Available | Earn 75,000 online bonus points — a $750 value — after you make at least $5,000 in purchases in the first 90 days of account opening. |
| Ongoing Rewards/Benefits | Earn unlimited 2 points for every dollar spent on travel and dining purchases
Earn unlimited 1.5 points per dollar on all other purchases. |
| Foreign Transaction Fees | None |
| Annual Fee | $550 |
(Visit Bank of America to learn more)
| Ink Business Preferred® Card 90K Points after $8,000 spend within first 3 months | Ink Business Unlimited® Credit Card $750 Bonus after $6,000 spend within 3 months |
| Capital One Venture X Business 150K Miles after $30,000 spend within 3 months | Ink Business Cash® Credit Card Up to $750 Bonus: Earn $350 after $3,000 spend in the first 3 months and an additional $400 with $6,000 spend in the first 6 months. |
| Chase Sapphire Preferred® Card 60K Points after $4,000 spend within 3 months. | Chase Freedom FlexSM $200 Bonus after $500 spend within 3 months |
| The Platinum Card® from American Express 80K Points after $8,000 spend within 6 months. Terms Apply. | Capital One Venture Rewards Credit Card 75K Points after $4,000 spend within 3 months |
| American Express® Gold Card 60K Points after $6,000 spend within 6 months. | Chase Freedom Unlimited® Card earn an additional 1.5% cash back on everything you buy --- on up to $20,000 in the first year! |
| Blue Cash Preferred® Card from American Express $250 Welcome Offer after $3,000 eligible spend within 6 months. Terms Apply. | 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. Terms Apply. |
| Chase Sapphire Reserve® Card 60K Points after $4,000 spend within 3 months. | Capital One Quicksilver Cash Rewards Card $200 Bonus after $500 spend within 3 months |
Bank of America Premium Rewards Elite Credit Card Bonus
Earn 75,000 online bonus points — a $750 value — after you make at least $5,000 in purchases in the first 90 days of account opening.
- $550 annual fee
- Up to $150 annually in statement credits for lifestyle conveniences, including streaming services, food delivery, fitness subscriptions and rideshare services.
- Up to $300 annually in Airline Incidental Statement Credits for qualifying purchases like seat upgrades, baggage fees, in-flight services and airline lounge fees.
- Up to $100 in statement credits for Global Entry or TSA PreCheck® application fees (every four years).
- Card earnings:
- 2 points for every dollar on travel and dining purchases
- 1.5 points per dollar on all other purchases
- Preferred Rewards members earn 25% – 75% more points on every purchase. This means clients could earn up to 3.5 points on travel and dining purchases, and up to 2.62 points on all other purchases, for every $1 they spend.
- Clients can redeem points for travel, cash back, a statement credit, distinctive experiences or gift cards.
- 20% savings on domestic and international airfare for any class when paying with points through the Bank of America Travel Center or concierge.
- For top-tier Preferred Rewards members, this can potentially bring up the value of your points on travel/dining from 3.5 to 4.2 cents per point, and from 2.62 to 3.15 cents per point on all purchases (wow!)
- Free unlimited access to airport lounges worldwide with complimentary Priority Pass Select Membership. The ability to gift three annual Priority Pass passes to others, register here.
- Private flying with NetJets – purchase or redeem points for flight time, complimentary upgrades and additional perks.
- Complimentary 24/7 full-service concierge to book travel, dinner reservations, event tickets and more.
- Numerous additional benefits provided by Visa® such as the Visa Infinite Luxury Hotel Collection and additional travel benefits.
- No foreign transaction fees.
- Return protection of $300 per item, up to $1,000 per cardholder per year.
- Extended warranty protection.
- Purchase protection of up to $10,000 in case of damage or theft of an item within 90 days of purchase.
Bank of America Benefits
- Full Service Concierge
- Open the door to unique experiences, find tickets to top sports and entertainment events, book travel, make dinner reservations and more with complimentary 24/7 Premium Rewards® Elite Visa Infinite® Concierge service.
- Airport Lounge Access
- Enjoy free unlimited access to airport lounges worldwide with your complimentary Priority Pass™ Select Membership.
- Visa Infinite Luxury Hotel Collection
- Enjoy benefits at premium hotels, including late checkouts, free breakfast daily for two, automatic upgrades and more. (some benefits based on availability)
- Visa Infinite Car Rental Benefits
- Get VIP amenities, complimentary status upgrades and discounts with Avis®, Hertz®, National® and Silvercar®.
- Travel Protections
- Travel Insurance protections to assist with trip delays, cancellations and interruptions, baggage delay, lost luggage reimbursement, roadside assistance, and emergency evacuation and transportation.
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Bottom Line
For travelers, the Premium Rewards Elite Credit Card from Bank of America is the one to get. There are a lot of perks and benefits that you do not want to miss out on.
Make sure to also visit HMB to explore more Bank of America Promotions or credit card bonuses. If you’re indecisive of which card best suits you, see our post on the Best Rewards Cards!