How to Apply for the Bank of America Premium Rewards Credit Card
Are you looking for a rewards credit card that combines travel perks with everyday benefits? The Bank of America Premium Rewards Credit Card might just be your answer. Designed to offer a comprehensive blend of luxury and practicality, this card comes with unlimited 2 points per dollar on travel and dining and 1.5 points per dollar on all other purchases. It’s perfect for those who seek value in both leisure and routine spending.
In addition to great rewards, this card offers several appealing features for U.S. cardholders, like no foreign transaction fees and up to $100 in airline incidental credits annually. Plus, with valuable travel insurance and purchase protections, it can simplify and safeguard your purchases and reservations. Want to experience these benefits firsthand? Understanding how to apply for this card is step one, and we’re here to guide you through it efficiently and clearly.
Unveiling the Benefits of the Bank of America Premium Rewards Credit Card
Earn Unlimited Points on Every Purchase
With the Bank of America Premium Rewards Credit Card, you can earn unlimited points with every purchase. You receive 2 points for every dollar spent on travel and dining and 1.5 points on all other purchases. This makes it an excellent card for those who frequently dine out or travel, ensuring you’re rewarded for your lifestyle choices.
Tip: Use this card for your dining and travel expenses to maximize your rewards points. Redeem these points for travel, cashback, or gift cards to make your spending work for you.
Generous Welcome Bonus
New cardholders can benefit from a welcoming offer where you gain 50,000 online bonus points—worth $500—after making at least $3,000 in purchases in the first 90 days of account opening. This bonus can give your rewards a fast start.
Tip: Plan significant expenses during the first three months to make reaching the bonus point target easier, effectively translating your usual spending into significant savings.
Travel and Purchase Perks
The card offers extensive travel protections and purchase perks, perfect for frequent travelers. Enjoy amenities like trip delay reimbursement, lost luggage reimbursement, and travel accident insurance. Plus, the card has no foreign transaction fees, making overseas travel hassle-free.
Tip: Always use your Bank of America Premium Rewards Credit Card for booking travel to ensure you take advantage of these protections and avoid unnecessary costs, particularly when abroad.
Flexible Points Redemption Options
The flexibility in how you can redeem your earned points is one of this card’s biggest strengths. Whether you prefer cash back, travel, or gift cards, the ability to choose makes it tailored to fit various goals and needs.
Tip: Regularly check the rewards portal for seasonal offers, which might give you more bang for your buck when redeeming points for travel or other rewards.
GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE
The Bank of America Premium Rewards Credit Card is designed for those who enjoy earning rewards on their everyday spending while also seeking valuable travel benefits. This card stands out for its combination of a generous rewards structure, travel insurance, and no foreign transaction fees, making it an excellent choice for frequent travelers.Let’s delve into the advantages of this card with a summary table:
| Category | Key Features |
|---|---|
| Rewards Earned | Earn 2 points for every dollar spent on travel and dining. |
| Travel Benefits | Includes travel insurance and no foreign transaction fees. |
With the ability to earn double points on travel and dining, cardholders can accumulate rewards quickly, which can be redeemed for travel expenses or cashback. Additionally, the travel insurance provided by the card offers peace of mind while traveling; emergencies or unexpected events can happen, and having this coverage can save you significant expenses.Another noteworthy benefit of this card is the absence of foreign transaction fees. When using the card abroad, you won’t incur extra charges, allowing you to spend where you wish without concerns over hidden fees. This feature makes the Bank of America Premium Rewards Credit Card particularly appealing to those who travel internationally.Furthermore, new cardholders often enjoy a generous sign-up bonus, adding even more value when you first start using the card. All of these benefits combine to make the Bank of America Premium Rewards Credit Card not just a rewards card, but a comprehensive travel companion suited for those who want to maximize their spending while enjoying the perks of travel.
Requirements for Bank of America Premium Rewards Credit Card
- Credit Score: A good to excellent credit score is typically required, which means a FICO score of 700 or higher. This indicates responsible credit usage, such as paying bills on time and maintaining low credit balances.
- Income Requirement: Applicants should demonstrate sufficient annual income to repay the credit card balance. While exact figures are not publicly specified, ensure your income levels can comfortably support additional credit responsibilities.
- Age: Applicants must be at least 18 years old to apply for this credit card. This is a legal requirement for entering into a credit agreement.
- Residency: You must be a permanent resident or citizen of the United States to qualify for the card. Proof of residency, like a valid Social Security Number or address verification, may be required.
- Bank of America Account Holders: While not mandatory, having an existing relationship with Bank of America, such as a checking or savings account, might improve your chances of approval and potentially contribute to a better reward tier.
VISIT THE WEBSITE TO LEARN MORE
Guide to Applying for the Bank of America Premium Rewards Credit Card
Step 1: Visit the Bank of America Website
To start your application for the Bank of America Premium Rewards Credit Card, head over to the official Bank of America website. You can do this by typing www.bankofamerica.com into your browser’s address bar. Once there, navigate to the “Credit Cards” section from the main menu. Look for “Premium Rewards Credit Card” to proceed with the application process.
Step 2: Review Card Details and Requirements
Before applying, take some time to review the card details and ensure it fits your needs. The Premium Rewards Credit Card offers benefits such as travel rewards and bonus points. Also, verify that you meet the eligibility requirements, which typically include certain credit score criteria and personal financial information.
Step 3: Start Your Application
Once you have confirmed your eligibility and are satisfied with the card’s benefits, click on the “Apply Now” button to begin your application. You’ll need to provide personal information, such as your name, address, employment details, and social security number. Take care to enter all the details accurately to avoid delays in processing.
Step 4: Submit Your Application
After filling out all required fields, review your information to ensure everything is correct. Once satisfied, click the “Submit” button to send your application for review. Bank of America will process your application and notify you of the decision. This could be immediate or might take a few days, depending on various factors.
Step 5: Receive Your Credit Card
If your application is approved, you will receive your Bank of America Premium Rewards Credit Card in the mail. Follow the instructions provided to activate it. Once activated, you can start taking advantage of all the rewards and benefits offered by the card.
SIGN UP TO GET YOUR 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 several valuable benefits. Cardholders earn unlimited 2 points for every $1 spent on travel and dining and 1.5 points per $1 on all other purchases. As a cardholder, you also receive up to $100 in airline incidental statement credits each calendar year and up to $100 in statement credits toward TSA Pre✓® or Global Entry application fees. These perks make it a great option for frequent travelers looking to maximize rewards and enjoy travel-related benefits.
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. This fee is standard for a rewards card offering such comprehensive benefits. The rewards and perks provided, like the travel credit and bonus point system, often outweigh the cost of the annual fee, particularly for users who frequently travel or dine out.
How does the rewards program work for this credit card?
With the Bank of America Premium Rewards Credit Card, you earn rewards points that can be redeemed for various options. You’ll receive 2 points per dollar spent on travel and dining purchases, and 1.5 points per dollar on all other purchases. These points can be redeemed for cash back, travel, gift cards, and other options through the Bank of America rewards portal, offering flexibility in how you choose to use your rewards.
Are there any travel protections included with this credit card?
Yes, the Bank of America Premium Rewards Credit Card provides several travel protection benefits. These include trip delay and cancellation reimbursement, which can be a great help if your travel plans go awry. Additionally, the card offers coverage for lost luggage, travel accident insurance, and emergency evacuation services, helping ensure that you’re protected while exploring the world.
Do I need to be a Bank of America customer to apply for this card?
No, you do not need to be an existing Bank of America customer to apply for the Premium Rewards Credit Card. However, if you are a Preferred Rewards member with Bank of America, you may be eligible for additional benefits like a 10% to 75% rewards bonus on every purchase, making it even more advantageous to hold this card if you bank with them.
