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 Edge® and Merrill Lynch® 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
1.5 points per dollar
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.
APR: 18.24% - 25.24% 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
Recommended credit score
Not sure which card is best for you?
By Ellen Cannon
Editor's overall rating
Pros and cons
Earn more points on travel and dining
Premium travel protections
Higher rewards rates for Bank of America, Merrill Lynch customers
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.
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.