Bank of America Premium Rewards Credit Card

Bank of America Premium Rewards Credit Card
Dan's Rating: 3.9 / 5   
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Card Features

Fraud Protection
No Foreign Transaction Fee
$0 Annual Travel Credit
Lost Luggage Coverage
Travel Accident Insurance
Car Rental Coverage
Apple Pay
Android Pay

The Sign-Up Bonus

  •  Earn 50,000 Points when you spend $3,000 within the first 90 days

Get These Perks

Pros & Cons

  0% intro APR for 15 months
  Unlimited points
  Up to $100 in airline statement credits
  Up to $100 TSA Pre-check/Global Entry statement credit
  Eligible for Preferred Rewards
  Visa Signature benefits

  $95 annual fee

  3% foreign transaction fees

What You'll PayMore fee details 

Annual Fee
Foreign Transaction Fees

Recommended Credit


Written by Amy 2 years ago

Best For...
Although this card has a $95 annual fee, it offers more rewards than other Bank of America® cards and is a good fit for Bank of America customers looking for both cash back and travel redemption options.

Review of the Bank of America Premium Rewards Credit Card

With the Bank of America Premium Rewards Credit Card you earn unlimited 2X points for travel and dining and 1.5X points on everything else. Points can be redeemed for cash back as a statement credit, deposit into eligible Bank of America or Merrill Lynch accounts, gift cards, and Bank of America® Travel Center purchases. 

Travelers will also appreciate up to a $100 in airline statement credits and $100 TSA Pre-check/Global Entry statement credit.  These statement credits alone justify the $95 annual fee, but if you still need convincing, the 50,000 bonus point welcome offer should do the trick. 

The Bottom Line
With its big 50,000 bonus points sign-up bonus, this rewards card is a great way to quickly rack up points on travel and dining purchases.

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