How to Apply for Bank of America Premium Rewards Credit Card

Opening the door to a world of luxury and exceptional benefits, the Bank of America Premium Rewards Credit Card offers more than just a convenient payment method. Imagine earning unlimited 2 points for every dollar spent on travel and dining, while all other purchases earn 1.5 points per dollar. Whether you’re a frequent traveler or simply someone who enjoys dining out, these rewards add up quickly, making it easy to accumulate valuable points.

What makes this card stand out is its enticing sign-up bonus. By meeting a modest spending requirement, cardholders can earn a significant bonus worth hundreds of dollars in the form of travel credits or cash back. Additionally, the card provides airline incidental statement credits, helping you save on travel-related expenses such as baggage fees or seat upgrades. With no foreign transaction fees, your travels abroad become more cost-effective too.

Unlock the Benefits of Bank of America Premium Rewards Credit Card

Earn Unlimited Rewards

With the Bank of America Premium Rewards Credit Card, you can earn unlimited 2 points for every dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. This makes it a highly rewarding option for frequent travelers and food enthusiasts. To maximize your points, consider using this card for dining out or booking flights and accommodations.

Sign-Up Bonus Offer

New cardholders can enjoy a generous 50,000 online bonus points after making at least $3,000 in purchases in the first 90 days. This is equivalent to a $500 value, which can be redeemed for travel or cash back. Take advantage of this offer by planning your expenses to meet the qualifying purchase amount early on.

Flexible Redemption Options

Points accumulated with this card can be redeemed in various ways, including travel, cash back, statement credits, and gift cards. This flexibility allows you to tailor your redemption strategy to suit your personal preferences, whether you’re planning a vacation or saving on monthly expenses.

Up to $200 in Travel Credits

As a cardholder, you are eligible for up to $100 in airline incidental statement credits and an additional $100 for Global Entry or TSA Pre✓® application fees. Utilize these credits by planning international travel or simply enjoying the convenience of expedited airport security checks.

Automatic Tier Benefits

If you’re already a Bank of America Preferred Rewards client, you can earn an additional 25%-75% rewards bonus on every purchase. This can significantly boost your rewards earnings, so it’s worthwhile to maintain or upgrade your status within the Preferred Rewards program.

SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

The Bank of America Premium Rewards Credit Card is designed for individuals who value rewards while also enjoying travel perks. Not only does this card allow you to accumulate points for every dollar you spend, but it also emphasizes earning on specific categories, making it truly beneficial for frequent travelers and diners. The card boasts a strong welcome bonus that can significantly enhance your rewards right from the start, encouraging new users to take full advantage of the opportunities the card provides.Moreover, the annual fee is relatively low for a premium card, ensuring that you can capitalize on all the benefits without feeling overburdened by costs. The inclusion of travel insurance and the absence of foreign transaction fees further sweeten the deal, making it an appealing option for those who often find themselves on the go, whether for leisure or business.These aspects combined create a well-rounded credit card product that offers significant value, making the Bank of America Premium Rewards Credit Card worthy of consideration. It presents the opportunity not only to earn rewards but also to travel with added peace of mind, enriching your financial experience while navigating the world.

Requirements to Apply for the Bank of America Premium Rewards Credit Card

• Minimum Credit Score: To qualify for the Bank of America Premium Rewards Credit Card, applicants typically need a good to excellent credit score, generally around 700 or above. A high credit score demonstrates financial responsibility and makes you a more attractive candidate for credit issuers.
• Proof of Income: You will need to provide documentation of a steady income, such as pay stubs or tax returns. Bank of America wants to ensure you have the financial means to manage credit responsibly.
• Age Requirement: Applicants must be at least 18 years old to apply for a credit card in the United States. This is a standard requirement for all credit applications.
• U.S. Residency: You should be a U.S. citizen or a permanent resident with a valid Social Security Number (SSN) to be eligible for this card.
• Banking Relationship: Having an existing banking relationship with Bank of America can be advantageous, although it’s not strictly necessary. Current account holders may find it easier to qualify or receive better terms.
• Debt-to-Income Ratio: While not explicitly stated, maintaining a healthy debt-to-income ratio can improve your chances of approval. This ratio measures your monthly debt payments against your monthly income, and a lower percentage suggests financial stability.

SIGN UP 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 or Branch

The first step in applying for the Bank of America Premium Rewards Credit Card is to access the Bank of America website or visit a local branch. If you prefer the convenience of online applications, head over to the official Bank of America website. Once there, navigate to the credit cards section. Alternatively, if you enjoy face-to-face interactions, visiting a branch can provide personalized assistance from a bank representative.

Step 2: Explore the Card Details

Before you proceed with the application, take time to understand the features, benefits, and requirements of the Premium Rewards Credit Card. Look for details regarding interest rates, annual fees, and rewards. Make sure the card aligns with your financial needs and goals. This research will also help ensure that you meet any eligibility criteria, such as credit score requirements.

Step 3: Start Your Application

Once you are familiar with the card details and confident it suits your needs, it’s time to start the application process. On the website, locate the application button, which typically says “Apply Now.” Click it to begin filling out the application form. If you are at a branch, ask the bank representative for an application form. You will be required to provide personal information such as your full name, social security number, income details, and employment information.

Step 4: Review and Submit Your Application

After completing the application, review all the entered information carefully to ensure accuracy. Double-checking this information is crucial because errors can cause delays or lead to a denial. If you are applying online, click the submit button once you are sure everything is correct. At a branch, hand the completed form to the bank representative for submission.

Step 5: Await Approval and Receive Your Card

Once your application is submitted, the bank will review it. You will typically receive a decision within a few days. If approved, your new credit card will be mailed to your address. Keep an eye on your mail, and once the card arrives, you can activate it and start enjoying the benefits of your Bank of America Premium Rewards Credit Card.

SIGN UP TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

Frequently Asked Questions about 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 a range of attractive benefits for frequent travelers and everyday spenders. Cardholders earn 2 points for every dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. Additionally, the card provides up to $100 in airline incidental credit annually and up to a $100 statement credit for TSA Pre✓® or Global Entry application fees. These rewards add exceptional value to those who travel frequently or dine out often.

Is there an annual fee for the Bank of America Premium Rewards Credit Card?

Yes, there is an annual fee of $95 for the Bank of America Premium Rewards Credit Card. Considering the travel perks and rewards earnings, this fee can be easily offset if cardholders maximize the available benefits, especially if they take advantage of the airline credit and TSA Pre✓®/Global Entry fee reimbursement.

How does the Bank of America Premium Rewards Credit Card’s travel insurance work?

The card includes valuable travel insurance protections. Cardholders can benefit from trip cancellation and interruption insurance, which covers up to $2,500 per person for covered reasons. Additionally, it offers lost luggage reimbursement and travel accident insurance. These protections help safeguard your travel plans and provide peace of mind when unforeseen events occur.

Are there any foreign transaction fees with this card?

No, there are no foreign transaction fees with the Bank of America Premium Rewards Credit Card. This is particularly advantageous for those who frequently travel abroad, as it allows you to use your card overseas without incurring additional costs, making it a favorable option for international spending.

What credit score is recommended for approval of the Bank of America Premium Rewards Credit Card?

For the best chances of approval, it is recommended to have a good to excellent credit score, typically considered to be a credit score of 670 or higher. However, credit approval is subject to various factors including your creditworthiness and financial history, and meeting the recommended score does not guarantee approval.