Bank of America® Premium Rewards® Credit Card

Bank of America® Premium Rewards® Credit Card

on Bank of America's secure website

on Bank of America's secure website

Bank of America® Premium Rewards® Credit Card

Bank of America® Premium Rewards® Credit Card

on Bank of America's secure website

on Bank of America's secure website

Card details

  • 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, Variable

APR: 17.49% - 24.49% Variable APR

Penalty APR: up to 29.99% APR

Pros

  • Sign-up bonus
  • Earn more points on travel and dining
  • Premium travel protections
  • Higher rewards rates for Bank of America, Merrill Lynch customers

Cons

  • Annual fee
  • Highest rewards rate limited to certain customers

Rewards rate

1.5 points per dollar

Annual fee

$95

Intro APR

N/A

Recommended credit score

recommended credit score

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NerdWallet Review

Author: Ellen Cannon

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.

NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.

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