How to Apply for Bank of America Premium Rewards Credit Card Today
Considering a new addition to your wallet? The Bank of America Premium Rewards Credit Card might be the perfect choice for you. It’s a popular option for those who travel frequently or appreciate earning points on their everyday spending. With this card, you can enjoy unlimited 2 points per dollar on travel and dining purchases and 1.5 points per dollar on all other purchases. Additionally, benefits such as travel and purchase protections, and no foreign transaction fees, cater to both domestic and international needs.
If you’re keen on maximizing your rewards while enjoying seamless transactional convenience, this card offers avenues to enhance your financial experience. Imagine booking a vacation and watching your reward points add up effortlessly. To explore this rewarding opportunity further, consider how easy it is to apply and potentially get approved for the Bank of America Premium Rewards Credit Card today.
Discover the Benefits of the Bank of America Premium Rewards Credit Card
Unlimited Rewards on Every Purchase
The Bank of America Premium Rewards Credit Card offers unlimited reward points, making it an attractive choice for those who frequently make purchases. Cardholders earn 2 points for every dollar spent on travel and dining, and 1.5 points for every dollar spent on all other purchases. To maximize your rewards, use this card for everyday expenses and any travel-related costs, such as booking flights and dining out during vacations.
Valuable Travel Benefits
Travel enthusiasts will benefit from the card’s outstanding travel perks, which include an up to $100 Airport Security Statement Credit for TSA Pre✓® or Global Entry. Additionally, the card provides access to trip cancellation/interruption coverage and travel accident insurance. Consider enrolling in TSA Pre✓® or Global Entry to expedite your airport travel experiences and make the most of your trips with these privileges.
Annual Fee and Fee Credits
While this card comes with a $95 annual fee, its benefits may outweigh the cost, particularly with the up to $100 Airline Incidental Statement Credit available each calendar year for qualifying purchases. This helps cover expenses like baggage fees and in-flight purchases, effectively reducing the annual fee’s impact. Plan your travels around these credits to fully utilize the card’s potential and recoup some of your outlay.
Flexible Redemption Options
The Bank of America Premium Rewards Credit Card offers versatile redemption options for your accumulated points. Points can be redeemed for travel, cash back, gift cards, and more, providing flexibility that caters to various preferences and lifestyles. Regularly check the rewards portal to maximize usage based on your unique spending habits and goals.
No Foreign Transaction Fees
Another significant advantage for international travelers is that the card charges no foreign transaction fees. This enables you to use your card abroad without incurring extra charges, thus making travel more budget-friendly. Remember to carry your Bank of America Premium Rewards Credit Card as your primary payment method when traveling internationally.
SIGN UP TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
| Category | Details |
|---|---|
| Reward Points | Earn 3 points on travel and dining, and 1.5 points on all other purchases. |
| Sign-up Bonus | Receive a $250 statement credit after spending $1,000 in the first 90 days. |
The Bank of America Premium Rewards Credit Card offers enticing reward points, making it a great option for frequent travelers and dining enthusiasts. With the ability to earn 3 points on travel and dining purchases, and 1.5 points on all other purchases, cardholders can accumulate points quickly. Additionally, the attractive sign-up bonus of a $250 statement credit after spending $1,000 in the first 90 days further enhances its appeal. These incentives encourage users to explore benefits while enjoying everyday spending.
Requirements to Apply for the Bank of America Premium Rewards Credit Card
- Your credit score should be in a good range. Typically, this means a FICO score of 670 or higher. A higher score increases your chances of approval and better terms.
- Ensure you have a reliable source of income. While specific minimum income levels aren’t always disclosed, having a steady income source demonstrates your ability to repay.
- You must be at least 18 years old to apply. Additionally, you’ll need to provide proof of identity and your Social Security number.
- A U.S. residential address is necessary. This ensures you are subject to the proper jurisdiction and can receive correspondence regarding your account.
- Lastly, a good history with other credit products, especially with Bank of America if applicable, can significantly boost your approval odds.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
How to Apply for the Bank of America Premium Rewards Credit Card
Step 1: Visit the Bank of America Website
To begin your journey towards owning 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 on the homepage, navigate to the ‘Credit Cards’ section to find the Premium Rewards Credit Card option specifically.
Step 2: Review the Card Details
It’s essential to understand the features and terms of the credit card before applying. Review all the benefits, fees, and interest rates associated with the card. Take note of rewards points, annual fees, and any introductory APR offers that might apply. Being well-informed helps you make a confident decision.
Step 3: Begin Your Application
Once you decide to proceed, click on the ‘Apply Now’ button associated with the Premium Rewards Credit Card. This will lead you to the application page. Ensure you have all personal and financial information ready, such as your Social Security number, income details, and employment information.
Step 4: Fill Out the Application Form
Complete the online application form by entering your personal details accurately. Take your time to double-check your information—mistakes can delay the application process. Ensure you’ve inputted your details correctly and have met all requirements as outlined on the form.
Step 5: Submit and Wait for Approval
After filling out the application form, submit it for processing. Bank of America will evaluate your credit history and financial details to determine your eligibility. You will typically receive a response within a few minutes, but it can take longer under certain circumstances.
GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE
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 attractive benefits. Cardholders earn unlimited 2 points for every $1 spent on travel and dining, and 1.5 points for every $1 spent on all other purchases. Additionally, you can receive up to $100 in airline incidental statement credits annually, which can help offset the cost of in-flight purchases, seat upgrades, and baggage fees.
Is there an annual fee for this credit card?
Yes, the Bank of America Premium Rewards Credit Card has an annual fee of $95. However, the rewards and benefits can outweigh this fee if you frequently use the card for travel and dining expenses, making it a great option for those who maximize these opportunities.
How does the sign-up bonus work?
New cardholders can earn a lucrative sign-up bonus by spending a certain amount within the first few months of account opening. Specifically, you will receive 50,000 online bonus points—a value of up to $500—after you make at least $3,000 in purchases in the first 90 days of opening your account. This is a wonderful way to kickstart your rewards-earning journey.
What is the APR for this credit card?
The APR, or Annual Percentage Rate, for the Bank of America Premium Rewards Credit Card varies based on your creditworthiness and the prevailing market rates. The current APR ranges from 18.24% to 25.24% for purchases and balance transfers. It’s important to pay your balance in full each month to avoid incurring interest charges.
Does the card offer any travel protections?
Yes, the card provides a range of travel protections. Cardholders enjoy trip delay reimbursement, which covers you if your travel experience is disrupted, as well as lost luggage reimbursement and travel accident insurance. These benefits can provide peace of mind when you’re on the go.
