The Points Mom

About Bank Of America Premium Rewards Credit Card

Apply For The Bank Of America Premium Rewards Credit Card Here

Card Highlights 

Bank Of America Premium Rewards Credit Card is a Credit Card

With a credit card, you can carry a balance and accrue interest if necessary. Note this is not advised by me. The points game does not work well, if you are carrying a balance and accruing interest. See #4 in Let’s Get Started To Earning Free Travel.

Card Rewards

Earn Points with the card.  Learn about Bank Of America Premium Rewards points here.

Sign-up Bonus

Before you apply, make sure you are not limited by the Bank Of America 2,3,4 rule or 24 month rule.

Annual Fee

$95

No Additional Cardholder Fees

There are no additional cardholder fees.

Earn Points on Spending

Earn 2X points on travel purchases and dining purchases and click here for a complete definition of travel and dining from Bank Of America.

Earn 1.5X points on all other purchases.

$100 Annual Airline Travel Credit

Get up to a $100 Airline Incidental Statement Credit each calendar year for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees.  The credit is automatically applied to your card statement.

$100 Global Entry or TSA Pre✔ Fee Credit

Receive a statement credit of up to $100 every 4 years as reimbursement for the application fee charged to your card for Global Entry or TSA Pre√

No Foreign Transaction Fees

Pay no foreign transaction fees when you use your card on purchases made outside the United States.

Preferred Rewards Clients Earn Bonus Points On Purchases

If you’re a Bank of America Preferred Rewards client, you can enjoy 25% – 75% rewards bonus on every purchase. That means you could earn up to 3.5 points per $1 on travel and dining purchases and up to 2.62 points per $1 on all other purchases.  To learn more about this program call
1.888.888.7937.

Redeeming Points

You can redeem points for a travel credit, cash reward, electronic deposit into a Bank of America checking or savings account, etc starting at 2,500 points (i do not recommend redeeming for gift cards and you get the best value redeeming for travel credits). A travel credit is applied as a statement credit to your account to offset travel purchases from qualifying merchants in these travel-related categories. Qualifying travel purchases are eligible for a travel credit for 12 months from the posting date. Each point redeemed for a travel credit is worth $0.01 (2,500 points = $25).

The Points Mom And The Bank Of America Premium Rewards Card

I applied back in 2017 but my application was denied for having opened too many cards lately like my American Express Blue Business Plus Credit Card and my U.S. Bank Altitude Reserve Visa card and my AAdvantage Aviator Red World Elite MasterCard.   When I called BOA, to try to move some of my credit from my BOA Virgin Atlantic card, they still wouldn’t budge.  They informed me that there is no hard and fast rule like the Chase 5/24 rule but it is more of a subjective standard. I will try back in about 6 months.  However, Rob was approved for the card and we await its receipt!

More About The Card

Apply For The Card Here