Explore how the Bank of America Premium Rewards Credit Card can help you earn valuable points on your everyday purchases, enjoy premium travel benefits, and more.
Advantages of the card Bank of America Premium Rewards Credit Card
The Bank of America Premium Rewards Credit Card offers numerous advantages for cardholders. With a generous 60,000 online bonus points offer – a $600 value – after spending $4,000 in the first 90 days, it provides a substantial reward just for signing up. Cardholders earn unlimited 2 points for every $1 spent on travel and dining purchases, as well as unlimited 1.5 points per $1 spent on all other purchases. There’s no limit to the points you can earn, and points don’t expire as long as the account remains open. Additionally, the card provides up to $200 in travel statement credits, including up to $100 in Airline Incidental Statement Credits and up to $100 in Airport Security Statement Credits every four years. Plus, there are no foreign transaction fees, making it an excellent choice for international travelers. Bank of America Preferred Rewards members can earn even more points, enhancing the card’s value further.
Disadvantages of the card Bank of America Premium Rewards Credit Card
While the Bank of America Premium Rewards Credit Card offers compelling rewards and benefits, it’s essential to consider the $95 annual fee. Although this fee is relatively low compared to many premium credit cards, it may not be suitable for those who prefer cards with no annual fee. Additionally, the standard APR, ranging from 20.24% to 27.24% variable, may be higher than some other credit cards, particularly for cardholders who carry a balance from month to month. However, for those who can take advantage of the rewards and benefits, the annual fee may be outweighed by the value received in return.
Extra features offered by Bank of America Premium Rewards Credit Card
In addition to its rewards program, the Bank of America Premium Rewards Credit Card provides a range of extra features to enhance the cardholder experience. These include travel protections such as trip delay, cancellation, and interruption insurance, baggage delay insurance, lost luggage reimbursement, and emergency evacuation and transportation coverage. Cardholders also benefit from purchase protections like Warranty Manager Service, Return Protection, and Purchase Security, as well as automotive protections including the 24/7 Roadside Dispatch Program and Auto Rental Collision Damage Waiver. Additionally, cardholders can enjoy premium benefits like access to the Visa Signature Luxury Hotel Collection and concierge service. Security features like fraud protection, contactless chip technology, and balance connect for overdraft protection add further peace of mind to cardholders.
Learn how to apply for your credit card Bank of America Premium Rewards Credit Card
Applying for the Bank of America Premium Rewards Credit Card is straightforward. You can take advantage of the 60,000 online bonus points offer by applying online through the Bank of America website. Ensure you meet the eligibility criteria, including credit score requirements and income verification, and have the necessary personal and financial information ready to complete the application. Once approved, you can start earning rewards and enjoying the card’s benefits right away.
Discover the main ways to apply for the card Bank of America Premium Rewards Credit Card
The primary way to apply for the Bank of America Premium Rewards Credit Card is online through the Bank of America website. Alternatively, you can visit a Bank of America financial center or call the bank to inquire about applying for the card over the phone. Regardless of the method chosen, ensure you provide accurate information and carefully review the terms and conditions before submitting your application.
Prerequisites for request
To apply for the Bank of America Premium Rewards Credit Card, you must meet the bank’s eligibility criteria, including credit score requirements and income verification. Gather necessary personal and financial information, such as your social security number, annual income, and employment details, to complete the application process. Review the terms and conditions of the card to understand the rewards structure, fees, and benefits associated with it before applying.
From the site
To apply for the Bank of America Premium Rewards Credit Card online, visit the Bank of America website and navigate to the credit cards section. Locate the Premium Rewards Card and click on the “Apply Now” button to start your application process.
From the site App
If you prefer to apply using the Bank of America mobile app, download the app from the App Store or Google Play Store. Log in to your account or create a new one if you’re a new user. Navigate to the credit cards section, find the Premium Rewards Card, and follow the prompts to apply.
By agency
For personalized assistance or questions about the application process, you can visit a Bank of America financial center or call the bank’s customer service hotline. A representative will guide you through the application and address any concerns you may have, ensuring a smooth application experience.
The Bank of America Premium Rewards Credit Card offers exceptional rewards, premium travel benefits, and valuable extra features to enhance the cardholder experience. While the $95 annual fee may deter some potential applicants, the generous rewards program, travel statement credits, and additional perks more than offset this cost for many cardholders. With flexible redemption options, no foreign transaction fees, and the opportunity to earn even more rewards through Bank of America Preferred Rewards, this card is an excellent choice for individuals looking to maximize their spending and enjoy premium travel benefits.
