How to Apply for Bank of America Premium Rewards Credit Card

Looking to maximize your rewards while indulging in premium benefits? The Bank of America Premium Rewards Credit Card might just be your ideal travel companion. With this card, you can enjoy a world of perks tailored for frequent travelers and everyday spenders alike. Whether you’re earning unlimited 2 points for every dollar on travel and dining or 1.5 points on all other purchases, the rewards are designed to enhance your lifestyle.

What sets this card apart is its array of substantial travel credits and protections, including up to $100 in airline incidental statement credits and Global Entry or TSA Pre✓ fee reimbursements. Such features, combined with no foreign transaction fees, make traveling both rewarding and stress-free. Explore how easy it is to apply for this card and embark on a journey of enhanced financial benefits. Discover the steps to unlock a wealth of advantages with this top-notch credit card.

Benefits of the Bank of America Premium Rewards Credit Card

Unlimited Earning Potential

The Bank of America Premium Rewards Credit Card offers an exceptional rewards structure, allowing you to earn 2 points per dollar on travel and dining purchases, and 1.5 points per dollar on all other purchases. There’s no limit to how many points you can earn, making it perfect for avid travelers or food enthusiasts. To maximize your rewards, consider using this card for all travel and dining expenses.

Generous Travel Credits

This card provides an automatic $100 annual airline incidental credit on qualifying airline purchases. Whether you need to check an extra suitcase, enjoy an in-flight meal, or upgrade your seat, this benefit can help offset those travel costs. Make sure to use your airline credit each year to take full advantage of this offering.

Valuable Introductory Bonus

New cardholders have the opportunity to earn a 50,000 bonus points after making at least $3,000 in purchases within the first 90 days. This bonus can be redeemed for $500 in travel or cash rewards, providing a significant initial boost. Plan your major expenses around your card opening to easily meet the spending requirement.

Competitive Redemption Options

With flexible redemption options, you can use your points for travel through the Bank of America Travel Center, as cash back, or on gift cards. This adds tremendous value by allowing you to choose the option that best suits your needs. For instance, redeeming for travel can often yield a better return value on your points.

Enhanced Travel and Purchase Benefits

The card is designed with travelers in mind, providing benefits such as no foreign transaction fees, making it an excellent choice for international trips. Additionally, it includes travel and emergency assistance services, trip cancellation insurance, and auto rental collision damage waiver. Always familiarize yourself with these protections to make the most of any unforeseen circumstances while traveling.

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

The Bank of America Premium Rewards Credit Card offers several attractive features that make it a viable choice for individuals looking to maximize their rewards on everyday spending. With this card, users can earn units of rewards points that can be redeemed for travel, cash back, or other experiences.To help you understand the key benefits of the card, here’s a quick look at the advantages it provides:

This card also comes with no foreign transaction fees, making it an excellent option for those who travel abroad. Additionally, it includes various travel perks such as trip cancellation insurance and travel accident insurance, which can significantly enhance the travel experience while providing peace of mind.Moreover, cardholders have access to Bank of America’s extensive network of ATMs and banking services, improving convenience when managing funds. The card’s mobile app offers features like alerts and budgeting tools, allowing you to track your spending and stay within your financial goals.Combined, these aspects make the Bank of America Premium Rewards Credit Card not only a rewarding choice but also a practical one for managing everyday expenses while enjoying the benefits of an extensive rewards program.

Requirements for the Bank of America Premium Rewards Credit Card

• Minimum Credit Score: A good to excellent credit score is typically needed to qualify for this card. Aim for a score of at least 670 to improve your chances.
• Steady Income: Providing proof of a stable income is crucial, as this demonstrates your ability to pay off the balance. Bank statements or pay stubs can serve as evidence.
• U.S. Residency: Applicants must reside in the United States, as Bank of America primarily issues this card to U.S. residents.
• Valid Social Security Number: Ensure you have a valid Social Security Number (SSN) as part of the identity verification process.
• Age Requirement: You must be at least 18 years old to apply for a credit card in the United States, this includes the Bank of America Premium Rewards Credit Card.

SEE HOW 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

Start by navigating to the official Bank of America website. You can do this by typing ‘www.bankofamerica.com’ into your browser’s address bar. Once there, hover over the ‘Credit Cards’ tab on the homepage and select ‘View All Credit Cards’ to explore their offerings. To directly access the relevant page for the Bank of America Premium Rewards Credit Card, you can also use this link: LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD.

Step 2: Review Card Details

Before proceeding, it’s essential to understand the features and benefits of the Bank of America Premium Rewards Credit Card. Review details such as the reward points system, annual fees, and any introductory offers. Take your time to read about the travel and purchase protections the card offers. This step ensures that the card is suitable for your financial needs.

Step 3: Check Eligibility Requirements

It’s crucial to check whether you meet the eligibility criteria for this credit card. This usually includes being at least 18 years old (19 in some states), having a valid Social Security number, and a good to excellent credit score. Confirming these details now can save you time and improve your chances of approval.

Step 4: Begin the Online Application

Once you feel ready to apply, click on ‘Apply Now’ on the credit card’s information page. You’ll be prompted to enter personal details such as your name, address, income, and Social Security number. Take care to ensure all information is accurate and complete before submitting your application.

Step 5: Await Approval

After submission, you will enter the review phase. Bank of America will assess your application, and if approved, you’ll typically receive your card within 7 to 10 business days. Meanwhile, keep an eye on your email for any updates or requests for additional information from the bank.

LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

Frequently Asked Questions about the Bank of America Premium Rewards Credit Card

What are the primary benefits of the Bank of America Premium Rewards Credit Card?

The Bank of America Premium Rewards Credit Card offers several attractive benefits. 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 can enjoy a $200 travel statement credit for travel incidentals like baggage fees, and a Global Entry or TSA Pre✓® credit of up to $100 every four years. These rewards make it a great choice for frequent travelers and diners.

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

Yes, the Bank of America Premium Rewards Credit Card has an annual fee of $95. However, the rewards and benefits it offers, such as travel credits and reward points on purchases, can outweigh the annual cost for those who take full advantage of the card’s offerings.

How does the points system work on this credit card?

This card allows you to earn points through your daily purchases. You get 2 points for every $1 spent on travel and dining. For other purchases, you earn 1.5 points per $1 spent. These points can be redeemed for various rewards such as travel, cash back, or gift cards, which adds flexibility to how you can use them to maximize your financial benefits.

Are there any additional travel benefits with this credit card?

Yes, aside from rewards points, the card provides additional travel benefits such as complimentary travel insurance, including trip cancellation and interruption coverage, lost luggage reimbursement, and travel and emergency assistance. These features are designed to enhance your travel experience and provide extra peace of mind during your trips.

What is required to qualify for the Bank of America Premium Rewards Credit Card?

To qualify for the Bank of America Premium Rewards Credit Card, applicants typically need to have a good to excellent credit score, generally considered to be a FICO score of 670 or higher. Additionally, having a banking relationship with Bank of America, such as a checking account, may also improve your chances of approval and eligibility for additional rewards and benefits.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on our platform. Her goal is to empower readers with practical advice and strategies for financial success.