Bank of America® Premium Rewards® credit card
on Bank of America's website
Bank of America® Premium Rewards® credit card
Card details
Receive 50,000 online 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 for every $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. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend.
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 $100 in Airline Incidental Statement Credits annually and TSA PreCheck®/Global Entry Statement Credits of up to $100, every four years.
No foreign transaction fees.
Low $95 annual fee.
This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Rates, fees & offers
Annual fee
$95
Rewards rate
1.5x-2x
Bonus offer
Receive 50,000 online 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: 20.24%-27.24% Variable APR
Cash Advance APR: See Terms
Penalty APR: 29.99%, Variable
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
| Learn more | ||
Annual fee$95 | Annual fee$99 | Annual fee$95 |
Regular APR20.24%-27.24% Variable APR | Regular APR19.24%-27.24% Variable APR | |
Intro APRN/A | Intro APR0% intro APR for 15 billing cycles on balance transfers made within 45 days of account opening. | Intro APRN/A |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
By Ellen Cannon
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
Rating details
4.2
Editor's overall rating
Pros and cons
Pros
New cardholder bonus offer
Bonus rewards on travel, dining
Luxury perks
Premium travel protections
No foreign transaction fees
Cons
Has annual fee
Requires good/excellent credit
Best rewards 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.
