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Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card
Our rating:4.4 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. The score seen here reflects the card's primary category rating. For more information, you can read about how we rate our cards.

Good to Excellent

CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Apply now at Bank of America's secure site
Intro Bonus
60,000 pointsReceive 60,000 online bonus points - a $600 value - after you make at least $4,000 in purchases in the first 90 days of account opening.
Reward Rates
2XEarn unlimited 2 points for every $1 spent on travel and dining purchases.
1.5XEarn unlimited 1.5 points for every $1 spent on all other purchases.
Balance Transfers Intro APR
N/A
Purchases Intro APR
N/A
Regular APR
20.74% - 28.74% Variable APR on purchases and balance transfers
Annual Fee
$95

Great for:

Flat-rate rewards. This card’s 1.5X points on purchases other than travel and dining beats out other top travel cards. There’s a 60,000-point online sign-up bonus after a $4,000 spend within the first 90 days of card membership.

See more of the best rewards credit cards of 2023.

Highlights

  • Low $95 annual fee.
  • Receive 60,000 online bonus points - a $600 value - after you make at least $4,000 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 for every $1 spent on all other purchases. No limit to the points you can earn and your points don't expire as long as your account remains open.
  • If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87 - 2.62 points on all other purchases, for every $1 you spend.
  • 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 $100 in Airline Incidental Statement Credits annually and TSA PreCheck®/Global Entry Statement Credits of up to $100, every four years.
  • Travel Insurance protections to assist with trip delays, cancellations and interruptions, baggage delays and lost luggage.
  • No foreign transaction fees.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Features

  • Airline
    Airline
  • Annual Travel Credit
    Annual Travel Credit
  • EMV
    EMV
  • Excellent Credit
    Excellent Credit
  • FICO Score
    FICO Score
  • Hotel
    Hotel
  • Lost Luggage Reimbursement
    Lost Luggage Reimbursement
  • Mobile Pay Ready
    Mobile Pay Ready
  • No Foreign Transaction Fees
    No Foreign Transaction Fees
  • Points
    Points
  • Rewards
    Rewards
  • TSA/Customs Reimbursement
    TSA/Customs Reimbursement
  • Travel
    Travel
  • Travel Accident Insurance
    Travel Accident Insurance
  • Trip Cancellation Insurance
    Trip Cancellation Insurance
  • Unsecured credit card
    Unsecured credit card
  • Visa
    Visa
  • Zero Fraud Liability
    Zero Fraud Liability

Staff Review

Editor's Rating:

4.4 out of 5

Our take: The Bank of America Premium Rewards credit card combines the features of a cash back card with the features of a premium travel card for a great value.

Read full review

All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer. The information, including card rates and fees, presented in the review is accurate as of the date of the review.