How to Apply for Bank of America Premium Rewards Credit Card

Unlock a world of exclusive benefits and premium experiences with the Bank of America Premium Rewards Credit Card. This card is tailored for those who seek not only convenience but also a range of compelling rewards. Enjoy up to 2 points for every dollar spent on travel and dining, and earn 1.5 points on all other purchases. With no expiration on points and redemption options spanning travel, cash back, and gift cards, the possibilities are extensive and enticing.
Additionally, cardholders are privy to an array of perks such as a $100 airline incidental credit and no foreign transaction fees. This card not only enhances your purchasing power but also comes with comprehensive travel and purchase protections. Intrigued? The application process is straightforward, making it easier than ever to start reaping these benefits. Discover more about the advantages and application nuances today.
Unveiling the Advantages of the Bank of America Premium Rewards Credit Card
Comprehensive Rewards System
The Bank of America Premium Rewards Credit Card is designed for those who love to earn while they spend. With every purchase, cardholders accrue points that can be redeemed for travel, cash back, and gift cards. You’ll earn an impressive 2 points for every dollar spent on travel and dining and 1.5 points per dollar on all other purchases. To make the most of this benefit, focus your spending on these categories to maximize your point-earning potential.
Travel Insurance and Protections
For frequent travelers, this credit card offers peace of mind with its comprehensive travel insurance and protections. It includes travel and emergency assistance, lost luggage reimbursement, and trip cancellation coverage. Before your next journey, ensure that you book your travel arrangements using this card to take full advantage of these protective measures.
Generous Sign-Up Bonus
One of the enticing features of this card is its attractive sign-up bonus. New cardholders can earn a noteworthy bonus of 50,000 online bonus points if you make at least $3,000 in purchases in the first 90 days of account opening. This translates to a substantial value that can enhance your travel or contribute to your cash back. Plan your higher expenses within this period to capture the bonus swiftly.
No Foreign Transaction Fees
For the globetrotters, carrying a credit card that charges no foreign transaction fee is essential. The Bank of America Premium Rewards Credit Card allows you to travel without the worry of additional fees on purchases made outside of the United States. This benefit can result in significant savings over time, particularly for international travelers.
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Requirements for the Bank of America Premium Rewards Credit Card
- First and foremost, applicants need a good credit score. Typically, a FICO score of 670 or higher is recommended to increase the likelihood of approval. This figure reflects an individual’s creditworthiness based on past financial behavior.
- Another crucial factor is proof of income. Applicants should be ready to provide documentation of a stable income. While the bank doesn’t explicitly reveal a minimum income requirement, demonstrating a reliable income source supports your application.
- Residential status is key as well. Applicants must be U.S. residents and may be required to provide proof of residence. This condition helps the bank assess eligibility and confirm identity.
- An existing banking relationship with Bank of America can enhance your application. Though not mandatory, current customers often find a smoother approval process. It highlights your history with the financial institution.
- Additionally, a social security number is essential for identity verification. Ensure that you have a valid SSN ready when applying, as this is a standard requirement across U.S. credit card applications.
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How to Apply for the Bank of America Premium Rewards Credit Card
Step 1: Visit the Bank of America Website
Start your journey to premium rewards by visiting the official Bank of America website. Navigate to the credit cards section, where you’ll find the Bank of America Premium Rewards Credit Card. As one of the most sought-after options, it promises a world of benefits waiting to be unlocked.
Step 2: Understand the Benefits and Requirements
Before diving into the application, take a moment to explore the features that make this card stand out. From enticing cash-back offers to exclusive travel rewards, the Bank of America Premium Rewards Credit Card is designed to enhance your financial freedom. Ensure you meet the eligibility criteria, which typically include age, credit score, and income requirements.
Step 3: Initiate the Online Application
Once you’re familiar with the card’s offerings, click on the application link. Fill in your personal details, financial information, and any other required fields diligently. Double-check the accuracy of every entry to avoid delays in processing. Your financial history could play a role here, so ensure it’s up to date before you proceed.
Step 4: Submit Your Application and Await Approval
After submitting your application, the bank’s algorithms and team will review your information. Stay patient as this process may take a few days. Notifications regarding your application’s status, whether through email or your online banking account, will keep you informed every step of the way.
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Step 5: Receive Your Card and Start Earning Rewards
Upon approval, your card will be dispatched to your address. Activate it immediately by following the provided instructions to start enjoying the myriad rewards and benefits. Dive into a world where every swipe is a step towards luxurious experiences and financial empowerment.
Frequently Asked Questions about the Bank of America Premium Rewards Credit Card
What are the primary benefits of the Bank of America Premium Rewards Credit Card?
One of the standout features of the Bank of America Premium Rewards Credit Card is its generous rewards system. Cardholders earn 2 points for every dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. Additionally, there’s a travel credit of up to $100 annually for airline incidental purchases, making it particularly attractive for frequent travelers.
Is there an annual fee for this credit card?
Yes, the Bank of America Premium Rewards Credit Card carries a $95 annual fee. However, the benefits and rewards often offset this cost for many users. Especially with the potential to earn substantial points and the added travel perks, the fee can be considered a worthwhile investment for regular users.
Does this card offer any travel protections?
The card is indeed a strong contender in terms of travel protection. It includes benefits such as trip delay reimbursement, lost luggage reimbursement, and travel and emergency assistance services. These features make it a reliable companion for travelers who seek peace of mind during their journeys.
Are there any additional incentives for existing Bank of America customers?
For those who already have a relationship with Bank of America, there is even more to gain. With the Preferred Rewards program, clients can receive bonuses of 25% to 75% on the rewards earned. This boost significantly enhances the value of the points, especially for clients with substantial assets under management with the bank.
How does one qualify for the sign-up bonus?
New applicants of the Bank of America Premium Rewards Credit Card can earn a 50,000-point sign-up bonus, equivalent to $500, after making at least $3,000 in purchases within the first 90 days of account opening. Meeting this spending benchmark unlocks a significant financial perk right from the start.

Beatriz Johnson is a seasoned financial analyst and writer with a passion for simplifying the complexities of economics and finance. With over a decade of experience in the industry, she specializes in topics like personal finance, investment strategies, and global economic trends. Through her work on Dicas e Curiosidades, Beatriz empowers readers to make informed financial decisions and stay ahead in the ever-changing economic landscape.