Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card

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 member, you can earn 25%-75% more points on every purchase

  • No limit to the points you can earn and your points don't expire

  • 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 $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections

  • No Foreign Transaction Fees

  • Low $95 annual fee

Rates, fees & offers

  • Annual fee

    $95

  • Rewards rate

    1.5x-2x

  • Bonus offer

    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.

  • Intro APR

    N/A

  • Ongoing APR

    APR: 17.49% - 24.49% Variable APR

    Penalty APR: up to 29.99% APR

  • Balance transfer fee

    Either $10 or 3% of the amount of each transaction, whichever is greater.

  • Foreign transaction fee

    None

Recommended credit score

Compare to other cards

Bank of America® Premium Rewards® Credit Card

Bank of America® Premium Rewards® credit card

Annual Fee

$95

Annual Fee

$95

Annual Fee

$0

Regular APR

17.49% - 24.49% Variable APR

Regular APR

13.99% - 23.99% Variable APR

Rates & Fees

Regular APR

13.99% - 23.99% Variable APR

Intro APR

N/A

Intro APR

0% intro APR on Purchases for 12 months

Intro APR

0% on Balance Transfers for 18 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

Wondering if this card is the best match for you?

Wondering if this card is the best match for you?

Wondering if this card is the best match for you?

Just tell us some details and see which card matches your needs most.

Just tell us some details and see which card matches your needs most.

NerdWallet review

By Ellen Cannon

Rating details

5

Editor's overall rating

Pros and cons

Pros
  • Sign-up bonus

  • Earn more points on travel and dining

  • Premium travel protections

  • Higher rewards rates for Bank of America and Merrill customers

Cons
  • Annual fee

  • Highest rewards rate limited to certain customers

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.