The Bank of America Premium Card Detail
Credit Card

Bank of America Premium Rewards Card Benefits

The Bank of America Premium Rewards charge card offers two points per dollar spent on travel and eating acquisitions as well as 1.5 points per buck spent anywhere else. You can certify to earn a 25% to 75% benefits benefit if you’re a Bank of America Preferred Rewards client. New cardholders get 50,000 points on the internet benefit points– a $500 value– after you make at the very least $3,000 in purchases in the initial 90 days of account opening.

The card’s $95 annual fee is not forgoed the very first year, but you’ll pay no international deal fee. You’ll also have accessibility to return protection, a vehicle accident damage waiver and also a roadside dispatch program.

Financial Institution of America Premium Rewards credit card review: This card can be beneficial to Bank of America Preferred Rewards customers, and the points you make with it don’t expire. However it doesn’t have the choice to transfer indicate airline or resort partners.


  • Sign-up benefit: You’ll gain 50,000 points on the internet reward factors– a $500 worth– after you make at least $3,000 in purchases in the initial 90 days of account opening.
  • Connection bonus: You can earn up to 75% even more in incentives if you’re a Bank of America Preferred Rewards customer. That’s 25% if you have $20,000 or even more in incorporated equilibriums between Bank of America and Merrill, 50% if you have $50,000 or even more, and also 75% if you have $100,000 or more.
  • Travel credit reports: You can receive up to $100 in statement credit reports every year for incidental airline company costs, consisting of seat upgrades, airport lounge accessibility and also inspected bag charges. You’ll also get up to a $100 declaration credit every 4 years to cover your application cost for TSA PreCheck or Global Entry.


  • Yearly charge: The card charges a $95 annual charge and does not forgo it the initial year, unlike some other travel bank card.
  • No transfer companions: Some various other travel charge card enable you to move your indicate numerous airline company and resort commitment programs. Sometimes, transferring benefits can make it possible to press more value out of each benefits factor. This card does not provide you the choice to move to companions.

More: Apply For Credit Card Consolidation Loan

The Bank of America Premium Card Detail

  • Earn unrestricted points with flexible redemption choices

Make limitless 2 factors for each $1 spent on travel and also eating acquisitions and also 1.5 factors for each $1 spent on all other purchases.

  • 50,000 incentive factors offer

50,000 on-line bonus factors (a $500 worth) after you make a minimum of $3,000 in acquisitions in the initial 90 days of account opening

  • Get up to $200 in travel statement credit reports

Get up to $100 in Airline Incidental Statement Credits yearly for certifying acquisitions such as seat upgrades, luggage costs, in-flight solutions, and also airline company lounge fees – immediately put on your card declaration

  • No foreign transaction fees

No matter where you’re traveling, do not hesitate to utilize your Bank of America ® Premium Rewards ® charge card without incurring foreign deal costs when making acquisitions beyond the United States.

  • Get back at more rewards.

Preferred Rewards members gain 25% -75% more points on every acquisition.

Bank of America Premium Rewards Card benefits and also advantages

While the Bank of America Premium Rewards welcome benefit suffices to surpass the card’s yearly cost, there are several other ongoing advantages and advantages that make the card worth keeping.

I’ll explain several of the card’s standout advantages. You can read the full Bank of America Premium Rewards bank card review right here.

Automotive Benefits

You can likewise delight in a couple of cars and truck traveling perks:

  • Vehicle Rental Collision Damage Waiver: Most domestic and global vehicle leasings are qualified for secondary cars and truck rental collision as well as burglary coverage.
  • Roadside Dispatch: Receive 24/7 assistance for roadside assistance, towing, as well as locksmith professional solutions. Service charges can apply.

Visa Signature Luxury Hotel Collection

As the Bank of America Premium is a Visa Signature bank card, you can appreciate special resort traveling discount rates at taking part buildings.

Some of the advantages can consist of:

  • Free evenings on multi-night keeps
  • Morning meal for 2
  • Food and beverage credit reports
  • In-room wifi
  • Space-available area upgrades

These acquisitions also have the advantage of making 2x points.

Visa Signature Concierge

A 2nd Visa Signature benefit is obtaining a 24/7 concierge solution to aid plan traveling, dining, as well as home entertainment. It’s complimentary to utilize this service yet third-party fees use.

As much as $100 airline company subordinate statement credit scores

This is by far my favorite advantage supplied by the Bank of America Premium Rewards charge card. Annually, you’ll get approximately $100 in statement credit scores each year for airline incidental acquisitions on domestic-originating travel plans with a lot of U.S. airline companies.

I usually come up short on elite status with major airlines, so I use this statement credit report as a way to obtain elite benefits like preferred seating and also lounge access without spending the cash on the costs.

Below are a few of the means you can optimize your yearly $100 declaration credit:

  • Make use of all or part of your $100 statement credit rating to pay for upgrades to business or excellent used by airlines normally during check-in or booking
  • Airlines sell day passes to their lounges for non-members. Day passes in the U.S. are typically around $59. Pay with your card and also obtain the entry charge compensated
  • When you need to examine a bag or pay for an obese bag charge, utilize your card to avoid these fees
  • If you’re supplied the option to spend for a favored seat– in the exit row, for example– use your Premium Rewards card to balance out the cost
  • Use your card inflight to purchase costs beverages or treats and also get the quantity back in the form of a declaration credit score

Bank of America Premium Rewards card acquisition protections

The Bank of America Premium Rewards bank card offers quite a few purchase securities that will automatically put on qualified purchases you charge to your card.

  • Acquisition protection

When items you buy with your card are stolen or harmed within 90 days of purchase, your thing will be compensated, fixed or replaced (approximately $10,000 per case) through Bank of America purchase protection insurance coverage.

  • Return security

One more benefit for customers offered by the Bank of America Premium Rewards bank card is return defense on eligible acquisitions. Again, you’ll need to utilize your card for the total of the purchase for an eligible item to be covered under this benefit.

If you need to return an eligible item within 90 days of acquisition and also the merchant won’t take it back, you could be reimbursed as much as $250 per thing and also approximately $1,000 each year.

  • Purchase protection

When an eligible product you’ve bought with the card is accidentally damaged or swiped within 90 days of purchase, you might get approximately $10,000 per case

  • Extensive guarantee

The Bank of America Premium Rewards credit card also offers extensive service warranty. When you acquire an eligible product with your card, it doubles the moment duration of the producers’ warranty, up to one added year.

To learn more concerning what’s covered and what’s not, as well as insurance coverage limitations, consult Visa Signature’s in-depth terms.

Traveling insurance coverage

There’s nothing worse than when a trip or trip does not go as prepared. Commonly, you can be left in the lurch and needed to spend hundreds, if not thousands, simply to obtain your trip back on track or to obtain home. Nevertheless, the Bank of America Premium Rewards charge card takes a lot of this stress away, thanks to the card’s traveling coverage.

More: Review American Express Credit Card, Gold, Platinum, Centurion

Redeeming Financial Institution of America Information

You have several traveling as well as cash redemption options to select from. Each factor is worth 1 cent for these rewards although the redemption can be $25 (2,500 points).

Honor Travel

You can redeem your points for upcoming journeys through the Bank of America Travel Center. The booking website allows you get trips and also resort areas.

Sadly, this bank card doesn’t provide factor transfers like the various other big banks.

Money Rewards

There are numerous methods to squander your points:

  • Statement credit history
  • Bank of America cost savings or checking account deposits
  • Merrill Cash Management Account or 529 account

It’s common for travel rewards cards to offer cash-like redemption but at a reduced redemption value.

Redeeming your points for the exact same worth can be an easy means to pay cash for travel purchases, gain reward points, and demand a statement credit rating. In this circumstances, it would be a traveling statement debt.

Gift Cards

A third redemption alternative is for retail and also dining establishment present cards. Nonetheless, you have to fit with the high minimum redemption of $25 and not making purchase incentives on these purchases.


Below is the lowdown of the card charges:

  • Yearly Fee: $95.
  • Additional Cards: $0.
  • Foreign Transaction Fee: 0%.
  • Late Payments: Up to $40.
  • Purchase APR: 15.99% to 22.99% variable APR


What are the Bank of America Premium Rewards take a trip protections?

The emergency travel advantages consist of trip hold-up repayment, trip cancellation/interruption, baggage delay, lost luggage compensation, emergency discharge, travel/emergency aid services.

What are the Bank of America Premium Rewards acquisition securities?

Purchase advantages include acquisition protection for burglary and also damage, expanded service warranty, and also return security.

Is Bank of America® Premium Rewards® credit card right for you?

The Bank of America® Premium Rewards® credit card offers rewards and perks equal to or better than the competition in its weight class, and it beats them all if you’re a Bank of America® customer. The bonus points you earn will pile up quickly, and you’ll be packing your bags in no time.

What are the Bank of America Premium Rewards automobile advantages?

Automotive securities consist of roadside send off (service fees use) and also car rental second crash damages waiver.

What is the current Bank of America Premium Rewards signup benefit?

Applicants can make 50,000 reward points after investing $3,000 in the first 90 days. This incentive is worth up to $500.

Previous cardholders are disqualified for this deal.

What credit report do you require for the Bank of America Premium Rewards?

It’s finest to use with an exceptional credit history of at the very least 750 to have the highest approval chances.

Is the Bank of America Premium Rewards steel?

No, each Bank of America charge card is plastic.

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