- 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: 17.24% - 24.24% Variable APR
Penalty APR: up to 29.99% APR
- Sign-up bonus
- No foreign transaction fee
- 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
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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