Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card

on Bank of America's website

Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card

on Bank of America's website

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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 up to 3.5 points for every $1 spent on travel and dining purchases.

  • 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: 16.24%-23.24% Variable APR

    Penalty APR: up to 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

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Learn moreLearn more
Annual fee

$95

Annual fee

$99

Annual fee

$199

Regular APR

16.24%-23.24% Variable APR

Regular APR

16.24%, 20.24% or 25.24%, Variable APR

Rates & Fees

Regular APR

See Terms

Intro APR

N/A

Intro APR

0% intro APR for 15 months on balance transfers made within 45 days of account opening.

Intro APR

N/A

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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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.