How to Apply for Bank of America Premium Rewards Credit Card

The Bank of America Premium Rewards Credit Card offers unlimited points, earning 2 points on travel and dining and 1.5 on other purchases. Enjoy comprehensive travel and purchase protections, flexible redemption options, and bonus rewards of up to 75% for Preferred Rewards members, maximizing both everyday spending and travel benefits.

Por: Linda Carter em 28 de October de 2025

Benefits of the Bank of America Premium Rewards Credit Card

Earn Unlimited Reward Points

The Bank of America Premium Rewards Credit Card allows you to earn unlimited reward points on every purchase. Enjoy 2 points for every dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. Make sure to utilize this by planning your major travel and dining expenses through this card, effectively maximizing your rewards. Unlike some other cards, there is no limit to how many points you can earn, so the more you use the card, the greater the rewards.

Travel and Purchase Protection

This card provides excellent travel and purchase protection benefits. Consider making your travel bookings with this credit card to take advantage of perks such as trip cancellation coverage, travel accident insurance, and lost luggage reimbursement. Additionally, it offers purchase protection against damage or theft for eligible items. Always check the terms and eligible items to fully understand and make use of these protections.

Flexible Redemption Options

Bank of America Premium Rewards offers flexibility in redeeming your points. You can redeem points for cash back as a statement credit, deposits into eligible Bank of America accounts, or gift cards and purchases through the Bank of America Travel Center. For those who frequently travel, using points for airline tickets might be the most rewarding. Consider aligning your rewards redemption with your personal financial goals for optimal benefits.

Bank of America Preferred Rewards Bonus

If you’re a member of the Bank of America Preferred Rewards program, you can enjoy an additional bonus of 25% to 75% on the rewards you earn. This means, whether you are saving for future expenses or planning a dream vacation, your points can accumulate much faster. Take advantage of this benefit by enrolling in the Preferred Rewards program, especially if you have existing balances with the bank.

LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

The Bank of America Premium Rewards Credit Card is designed for consumers who frequently travel and dine out, offering a variety of benefits tailored to enhance your experience. With no annual fee for the first year and a competitive rewards structure, this card ensures that you get value for every purchase.One of the primary features of this card is its generous rewards program. Cardholders earn 2 points for every dollar spent on travel and dining, and 1.5 points on all other purchases. This means that if you frequently travel or eat out, you’re not just spending money — you’re earning points that can be redeemed for cash back, travel, or gift cards.In addition to the rewards, the card offers a robust suite of travel benefits. For instance, cardholders receive premium travel insurance, which includes trip cancellation coverage and lost luggage reimbursement. These benefits provide peace of mind and can save you money in case of unexpected travel disruptions.Another key advantage is the no foreign transaction fees, which is a significant benefit for those who travel internationally. Many credit cards impose extra charges for transactions made outside the U.S., but with the Bank of America Premium Rewards Credit Card, you can shop and dine abroad without worrying about these additional costs.Moreover, new cardholders enjoy a lucrative signing bonus, often rewarded after spending a specified amount within the first 90 days. This incentive is an excellent way to kickstart your rewards earning from the moment you start using the card.Finally, the card features an easy-to-use mobile app, where you can track your points, manage your account, and pay bills effortlessly. This level of convenience helps you stay organized and make the most out of your rewards.If you’re looking for a credit card that balances rewards and robust benefits while addressing travel needs, the Bank of America Premium Rewards Credit Card is a formidable option. It’s tailored for individuals who value their spending and want to maximize returns effectively.

Requirements for the Bank of America Premium Rewards Credit Card

Credit Score: A good to excellent credit score is typically required. Applicants with a score generally above 700 are more likely to be approved.
Income: Although a specific minimum income is not disclosed, having a stable income that supports your credit card payments is essential. For example, a regular monthly salary from a steady job could improve your chances.
U.S. Citizenship or Residency: Applicants must be U.S. citizens or permanent residents, as this card is specifically designed for individuals residing in the United States.
Age Requirement: You must be at least 18 years old to apply, ensuring that you are legally able to enter into a credit agreement.
Existing Relationship with Bank of America: While not mandatory, having an existing account or relationship with Bank of America can sometimes enhance your application’s chances, as the bank might have more insight into your financial habits.
Supporting Documentation: Be prepared to provide personal identification documents like a Social Security number, as well as employment and financial information, which assist in verifying your application details.

GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE

How to Apply for the Bank of America Premium Rewards Credit Card

Step 1: Access the Bank of America Website

First, you need to navigate to the official Bank of America website. Open your preferred web browser and enter the URL: www.bankofamerica.com. Once on the homepage, look for the “Credit Cards” section, which is usually found in the main menu. Click on it to explore Bank of America’s credit card offerings.

Step 2: Locate the Premium Rewards Credit Card

Under the “Credit Cards” section, you’ll find various options. Scroll down or use the search feature to find the Bank of America Premium Rewards Credit Card. Click on the card to review its features, benefits, and rewards. This page will give you all the information you need to decide if this card suits your financial needs.

Step 3: Start the Application Process

Once you’ve decided to proceed, click on the “Apply Now” button associated with the Premium Rewards Credit Card. You will be directed to the application form. Make sure you have your personal information ready, such as your Social Security Number, employment details, and income information. Fill out the form accurately to avoid any delays in processing.

Step 4: Review and Submit Your Application

Before submitting your application, review all the information for accuracy. Ensure that you’ve entered your details correctly and that you meet all the eligibility criteria. Once satisfied, click on the “Submit” button to send your application to Bank of America for processing.

Step 5: Wait for Approval Confirmation

After submission, you’ll receive a confirmation from Bank of America. If your application requires additional information, a representative may contact you. Otherwise, you can expect to receive a decision within a few days. If approved, your new credit card will arrive in the mail, and you can start enjoying its benefits right away.

LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

Frequently Asked Questions about the Bank of America Premium Rewards Credit Card

What are the main benefits of the Bank of America Premium Rewards Credit Card?

The Bank of America Premium Rewards Credit Card offers numerous benefits. It provides unlimited 2 points per dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. These points can be used for travel, cash back, or gift cards. Additionally, the card offers up to $100 in airline incidental statement credits annually, covering expenses like seat upgrades and baggage fees.

How does the travel credit work with this card?

This credit card offers a $100 annual travel credit for incidental airline purchases. This includes charges such as checked baggage fees, seat upgrades, and in-flight services. The credit is applied automatically, so as long as you use your Bank of America Premium Rewards Credit Card for these purchases, you don’t need to take extra steps to receive your reimbursement.

What is the annual fee for the Bank of America Premium Rewards Credit Card?

The card has an annual fee of $95. While this might seem like a significant expense, the rewards and credits offered can significantly offset the cost. If you utilize the full $100 annual travel credit, it effectively covers the fee itself, which can be beneficial if you frequently travel.

Are there any perks for existing Bank of America or Merrill account holders?

Yes, existing clients of Bank of America and Merrill may receive additional perks through the Preferred Rewards program. Depending on the level of your membership, you could earn a bonus of 25% to 75% on every purchase, providing an opportunity to maximize your rewards.

How can I manage or redeem my rewards points?

Points earned with the Bank of America Premium Rewards Credit Card are versatile. You can redeem them for statement credits, travel purchases, cash back to a Bank of America account, or even for gift cards. Managing your rewards is straightforward through the Bank of America online portal or mobile app, making it easy to track and use your points as desired.