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- Intro Bonus
- 50,000 points Receive 50,000 bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening.
- Reward Rates
- 2X Earn unlimited 2 points for every $1 spent on travel and dining purchases.
- 1.5X Earn unlimited 1.5 points per $1 spent on all other purchases.
- Balance Transfers Intro APR
- Purchases Intro APR
- Regular APR
- 18.24% - 25.24% Variable APR on purchases and balance transfers
- Annual Fee
- Receive 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening
- Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
- If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase
- No limit to the points you can earn and your points don't expire
- Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill accounts, or gift cards or purchases at the Bank of America Travel Center
- Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
- No Foreign Transaction Fees
- Low $95 annual fee
4.2 out of 5
Our take: The Bank of America Premium Rewards card combines the features of a cash back card with the features of a premium travel card for a great value.