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

The Bank of America Premium Rewards Credit Card offers substantial benefits: earn 2 points per dollar on travel and dining, receive a 50,000-point sign-up bonus, enjoy no foreign transaction fees, and access up to $200 in travel credits. Preferred Rewards members get even more, boosting point accumulation by 25-75%.

Por: Linda Carter em 27 de October de 2025

Benefits of Using the Bank of America Premium Rewards Credit Card

Generous Rewards Program

The Bank of America Premium Rewards Credit Card offers a robust rewards program, getting you closer to exciting perks with every purchase. Earn 2 points per dollar on travel and dining purchases, and 1.5 points per dollar on all other expenses. This means, whether you’re traveling across the country or enjoying a meal at your favorite local spot, your spending is working harder for you.

Sign-up Bonus

Start your rewards journey with a bonus of 50,000 online points when you spend at least $3,000 within the first 90 days of opening your account. These points translate directly into cash or travel rewards, jumpstarting your ability to enjoy the card’s benefits without delay.

Travel Benefits

Frequent travelers will appreciate the array of travel benefits packaged with this card. Not only do you save more with no foreign transaction fees but you also enjoy up to $100 in annual travel statement credits for travel incidentals like baggage fees. Additionally, enjoy the privilege of a $100 airport security statement credit towards TSA Precheck or Global Entry, making your travel experience smoother and faster.

Reliable Purchase Protection

This card ensures peace of mind with top-notch purchase protections. Benefit from coverage against new purchases being damaged or stolen within the first 90 days. Plus, enjoy extended warranty protection at no extra cost, making your purchases last longer with all-around protection.

Preferred Rewards Members Can Earn More

If you’re a Preferred Rewards member, rejoice! You can earn an extra 25% to 75% rewards bonus on every eligible purchase. This multiplier can significantly boost your point accumulation rate, allowing you to enjoy rewards faster, making this credit card an excellent companion for those invested in Bank of America’s ecosystem.

The Bank of America Premium Rewards Credit Card is designed to cater to the needs of cardholders who frequently travel and seek to earn rewards on everyday purchases. This card offers several key advantages that make it an attractive option for consumers looking to maximize their benefits.One of the standout features of the card is its ability to earn 2 points for every dollar spent on travel-related purchases, including flights, hotels, and restaurants, along with 1.5 points on all other purchases. These points can be redeemed through the Bank of America Travel Center, allowing flexibility and value when it comes to booking travel.Additionally, new cardholders can benefit from a generous welcome offer, which often includes bonus points after meeting a specified spending threshold within the first 90 days. This provides an excellent opportunity to kickstart your rewards accumulation right from the start.The card also offers an annual fee that is competitively reasonable, especially when considering its premium benefits. Cardholders gain access to $200 in airline statement credits each year, which can offset costs associated with checked bags or in-flight purchases.Furthermore, the Premium Rewards Credit Card features no foreign transaction fees, making it a practical choice for international travelers. Cardholders can use their card abroad without worrying about incurring extra charges, enhancing the travel experience.Lastly, the card includes various travel and purchase protections, such as trip cancellation insurance, rental car insurance, and extended warranty coverage on eligible purchases. This added layer of security instills confidence when using the card for significant purchases or travel plans.In summary, the Bank of America Premium Rewards Credit Card provides a wealth of benefits specifically aimed at travelers. With a flexible rewards program, strong welcome incentives, and comprehensive protections, it presents a valuable option for those who want to enhance their spending power while enjoying numerous travel-related perks.

Requirements for the Bank of America Premium Rewards Credit Card

Credit Score: To qualify for the Bank of America Premium Rewards Credit Card, it is generally recommended to have a credit score of 700 or above. A higher score not only improves your chances of approval but may also grant you better interest rates.
Steady Income: A reliable source of income is crucial. Although there is no specific minimum income requirement mentioned, demonstrating steady cash flow reassures lenders of your ability to repay credit.
Proof of Identity: Applicants must provide valid identity documentation such as a state-issued driver’s license or U.S. passport. This is to confirm your identity and ensure all personal data is correct.
U.S. Citizenship or Legal Residency: You need to be a lawful U.S. citizen or resident to apply. Non-citizens generally need to provide additional documentation to verify their residency status.
Bank of America Accounts: While not mandatory, holding a Bank of America account can be advantageous. Existing customers may find the application process smoother and may qualify for additional benefits and offers.

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

Step 1: Visit the Bank of America Website

To begin your application for the Bank of America Premium Rewards Credit Card, head to the Bank of America official website. You can do this by typing “Bank of America” in your preferred search engine or entering www.bankofamerica.com directly into the address bar of your web browser. Once on the homepage, navigate to the “Credit Cards” section. This can usually be found under a main menu or a direct link on the homepage.

Step 2: Find the Premium Rewards Credit Card

Once you are on the “Credit Cards” section, look for the Premium Rewards Credit Card. You may need to browse through available products, or you can use a search feature if available. On the card’s specific page, you will find details about the rewards, benefits, and terms. Read through these details carefully to ensure that the card meets your financial needs and lifestyle.

Step 3: Start Your Application

After deciding that the Premium Rewards Credit Card aligns with your preferences, click on the “Apply Now” button. This will initiate your application process. Be prepared to provide your personal information, such as your Social Security number, contact information, employment details, and financial status. Having these documents ready will make the application process smoother.

Step 4: Review and Submit Your Application

Once you have filled out all required fields, review your application carefully to avoid any mistakes that could affect your approval. Ensure that all information is accurate and up-to-date. After reviewing, submit your application. You’ll receive a confirmation that your application has been submitted successfully.

Step 5: Wait for Approval

After submitting your application, the bank will review the information provided. This may take a few business days. In some cases, you might receive instant approval, while other times you may need to wait for further communication. Be sure to check your email regularly, as the bank might contact you for additional information or to inform you about your application’s status.

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 a variety of benefits including earning rewards points on every purchase. You can earn 2 points for every $1 spent on travel and dining purchases and 1.5 points per $1 on all other purchases. Additionally, you’ll enjoy travel perks such as up to $100 in Airline Incidental Statement Credits annually and access to valuable travel and purchase protections.

Is there an annual fee for the Bank of America Premium Rewards Credit Card?

Yes, the Bank of America Premium Rewards Credit Card has an annual fee of $95. However, the rewards and benefits offered can outweigh this cost, especially if you frequently take advantage of the travel credits and points accrual.

How does the bonus point offer work for new cardholders?

New cardholders can earn a significant bonus by meeting a spending requirement. Typically, you can earn 50,000 online bonus points after making $3,000 in purchases within the first 90 days of opening your account. This bonus can be redeemed for $500 in travel credits or other reward options.

How can I redeem my rewards points?

You can redeem your points in various ways including for travel, cash back, gift cards, or purchases at the Bank of America Travel Center. Points offer great flexibility, allowing them to be used for travel experiences or monetary credit as per your preference.

Are there any foreign transaction fees with the Bank of America Premium Rewards Credit Card?

No, there are no foreign transaction fees on the Bank of America Premium Rewards Credit Card, making it a great option for international travelers who wish to avoid extra charges on their overseas purchases.