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

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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.