How to Apply for Bank of America Premium Rewards Elite Credit Card
Unlock a world of exclusive perks and unparalleled flexibility with the Bank of America Premium Rewards Elite Credit Card. This elite card is crafted for those who desire more from their credit experience. Enjoy the freedom of earning unlimited points on every purchase, redeemable for travel, cash back, and more. Whether you’re dining at your favorite restaurant or booking a weekend getaway, this card offers competitive point accumulation that enhances your lifestyle.
Besides the rich rewards program, cardholders benefit from complimentary travel credits, luxury travel benefits, and personalized concierge services, making travel not just convenient but truly enjoyable. Additionally, with state-of-the-art security features and no foreign transaction fees, it’s designed for secure, worry-free spending at home and abroad. Discover how this credit card can cater to your everyday spending and luxurious indulgences alike, making it an ideal choice for discerning consumers in the United States.
Unlocking the Benefits of the Bank of America Premium Rewards Elite Credit Card
1. Earn Substantial Rewards Points
The Bank of America Premium Rewards Elite Credit Card allows you to earn unlimited 2 points for every dollar spent on travel and dining, and 1.5 points for every dollar spent on all other purchases. This makes it an excellent choice for those who frequently travel or enjoy dining out. To maximize your rewards, consider using this card for all your major travel-related and dining expenses, ensuring you accumulate points rapidly for future trips or experiences.
2. Enjoy Annual Travel Credits
This card offers an annual $300 airline incidental credit, which can be used for seat upgrades, in-flight refreshments, and more. Additionally, you’ll receive up to $100 in statement credits for Global Entry or TSA PreCheck application fees, making security checks at airports quicker and less cumbersome. Plan your travel expenses in advance to fully utilize these credits throughout the year.
3. Access to Priority Pass Lounges
As a cardholder, you’ll gain entry to over 1,300 airport lounges worldwide through the Priority Pass program. This benefit is perfect for frequent travelers who value comfort and convenience during airport layovers. Don’t forget to enroll in the Priority Pass membership to enjoy these privileges whenever you travel.
4. Comprehensive Travel and Purchase Protection
The card comes with robust travel insurance and purchase protection benefits. This includes trip cancellation/interruption insurance, lost luggage reimbursement, and purchase security against damage or theft. To ensure peace of mind, familiarize yourself with these benefits and take advantage of them whenever you make significant purchases or travel plans.
5. Elevate Your Experience with Concierge Services
Enjoy 24/7 access to a concierge service that can assist with dining reservations, event ticket bookings, and travel arrangements. This service adds a personalized touch to your lifestyle, offering convenience at your fingertips. Make it a habit to check with your concierge for any special requests or last-minute plans.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD
| Category | Details |
|---|---|
| Sign-Up Bonus | Earn 50,000 online bonus points after making at least $4,000 in purchases in the first 90 days. |
| Rewards Program | Receive 3 points for every dollar spent on travel and dining, plus 2 points on other purchases, making it very rewarding. |
This is just a glimpse of what the Bank of America Premium Rewards Elite Credit Card can offer. With its attractive sign-up bonus and generous rewards program, it appeals to consumers who prioritize travel and dining. In addition to these features, cardholders can earn points redeemable for travel, cash back, and gift cards. Another key feature is the no foreign transaction fees, enabling you to use your card internationally without incurring additional costs. Moreover, the enhanced travel protection and purchase security options offer peace of mind during your travels and after making purchases. By utilizing these features effectively, cardholders can maximize their benefits while enjoying the journey and lifestyle conveniences that come with the card. The focus on travel and rewards makes the Bank of America Premium Rewards Elite Credit Card not just a method of payment, but a valuable tool for seasoned travelers and enthusiasts alike.
Requirements to Apply for the Bank of America Premium Rewards Elite Credit Card
- Minimum Income: Applicants should demonstrate a stable and sufficient income to support the credit limit of a premium card like the Bank of America Premium Rewards Elite Credit Card. While there’s no official minimum income stated, having a high income often strengthens your approval chances.
- Credit Score: A strong credit history is crucial. Ideally, you should have a credit score in the “good” to “excellent” range, typically 700 and above, to qualify for this elite credit card. This shows lenders you are financially responsible and capable of managing credit well.
- U.S. Residency: You must be a U.S. citizen or a permanent resident with a valid Social Security Number to apply for the card. This ensures legality and ease of processing credit checks.
- Banking Relationship: Having an established banking relationship with Bank of America can improve your chances of approval. Existing customers often receive preferential consideration when applying for premium credit cards.
- Proof of Identification: Valid identification, such as a driver’s license or passport, may be required to confirm your identity during the application process. This step is essential for fraud prevention and verification.
SIGN UP TO GET YOUR BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD
How to Apply for the Bank of America Premium Rewards Elite Credit Card
Step 1: Access the Official Bank of America Website
To begin your application for the Bank of America Premium Rewards Elite Credit Card, start by visiting the official Bank of America website. Open your preferred web browser and type in www.bankofamerica.com. Once on the homepage, use the search bar or navigate to the credit cards section to find the Premium Rewards Elite Credit Card option. Click on it to open the dedicated page for this credit card to gather all necessary details.
Step 2: Review Eligibility and Gather Required Information
Before proceeding with the application, ensure you meet the eligibility criteria for the card. Typically, you’ll need to be a resident of the United States and have a valid Social Security number. Gather essential information such as your income details, employment status, and any other personal financial information that might be required to complete the application smoothly. It’s helpful to have all this information on hand to make the process go faster.
Step 3: Start Your Online Application
On the Bank of America Premium Rewards Elite Credit Card page, locate the “Apply Now” button and click on it to start your application. You will be asked to fill out a form with your personal, financial, and contact details. Take your time to fill out each section accurately. Mistakes or omissions can delay the process. If at any stage you need assistance, use the option to chat with a bank representative or call their customer service for help.
Step 4: Submit Your Application
Once you have completed all required sections of the application form, review your details carefully. When you’re confident that everything is correct, click the “Submit” button. Bank of America will then process your application. Keep an eye on your email for any follow-up actions or additional information requests. You may receive a preliminary decision within minutes, though some applications may require more time for review.
Step 5: Await Approval
After submission, patiently await the final approval decision from Bank of America. If approved, you will receive your Bank of America Premium Rewards Elite Credit Card in the mail, usually within 7 to 10 business days. Upon receiving your card, activate it as per the instructions provided, and you’re ready to enjoy the exclusive benefits and rewards that come with your new card!
LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD
Frequently Asked Questions About the Bank of America Premium Rewards Elite Credit Card
What are the key benefits of the Bank of America Premium Rewards Elite Credit Card?
The Bank of America Premium Rewards Elite Credit Card offers a range of benefits designed to enhance your travel and lifestyle experiences. 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, cardholders enjoy up to $300 in airline incidental statement credits annually, and there is no foreign transaction fee, making it ideal for international travelers.
What is the annual fee for the Bank of America Premium Rewards Elite Credit Card?
There is a $550 annual fee for the Bank of America Premium Rewards Elite Credit Card. While this fee may seem high, the range of benefits and rewards offered can offset the cost, especially for frequent travelers and those who take advantage of the travel credits and other perks.
How do the travel credits work with this credit card?
The card provides up to $300 in airline incidental statement credits each calendar year. These credits apply to a variety of purchases such as baggage fees, in-flight services, and seat upgrades. Cardholders simply use their card for eligible purchases, and the credit is automatically applied to their account. It’s a great way to save money on travel-related expenses.
Is there a welcome bonus for new cardholders?
Yes, new cardholders can earn a substantial welcome bonus of 50,000 online bonus points after making at least $3,000 in purchases within the first 90 days of account opening. This bonus is equivalent to a $500 value when redeemed for a statement credit, travel, or gift cards.
Are there any additional travel or dining benefits?
Beyond the points system, cardholders have access to a range of exclusive travel and dining benefits, such as 24/7 concierge service and access to luxury travel packages through Bank of America Travel Center. Cardholders also receive priority access to select airport lounges, providing a comfortable space to relax before a flight.
