- 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 client, you can get a 25%-75% rewards bonus on every purchase.
- No limit to the points you can earn and your points don’t expire
- Flexibility to redeem for a statement credit, deposit into eligible Bank of America® or Merrill Lynch® accounts like checking, savings, and 529, for gift cards or use 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
APR: 17.49% - 24.49% Variable APR
Penalty APR: up to 29.99% APR
- Sign-up bonus
- Earn more points on travel and dining
- Premium travel protections
- Higher rewards rates for Bank of America, Merrill Lynch customers
- Annual fee
- Highest rewards rate limited to certain customers
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.
1.5 points per dollar
Not sure which card is best for you?
Frequent travelers looking for flexibility in credit card rewards ought to take a look at the Bank of America® Premium Rewards credit card — especially if they’re already Bank of America® customers with significant balances in their accounts. For a relatively modest annual fee, cardholders can earn a great sign-up bonus, good reward rates and points that have the same value regardless of how you redeem them.
For more information, and a calculator to estimate the annual rewards you'd earn with this card, see our full editorial review.
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