How to Apply for a Bank of America Premium Rewards Credit Card

Imagine unlocking a world of generous perks and rewards with each swipe of your credit card. The Bank of America Premium Rewards Credit Card offers just that, providing a seamless blend of luxury and practicality tailored for the savvy American spender. Whether you’re jet-setting across the country or treating yourself to a local dinner, this card delivers a host of benefits designed for your lifestyle.

One of its standout features is the ability to earn unlimited 2 points per dollar spent on travel and dining, alongside 1.5 points per dollar on all other purchases. Accumulating rewards has never been so straightforward. Plus, the card extends exciting travel benefits such as $100 annual airline incidental statement credits and no foreign transaction fees, enhancing your travel experiences without the extra cost. Warmly welcome this powerful financial tool to your wallet and step into a rewarding journey.

Benefits of the Bank of America Premium Rewards Credit Card

1. Unlimited 2X Points on Travel and Dining

With the Bank of America Premium Rewards Credit Card, you earn unlimited 2X points for every dollar spent on travel and dining purchases. This is perfect for frequent travelers or food enthusiasts who dine out frequently. Whether you’re paying for a flight, booking a hotel, or enjoying a meal at your favorite restaurant, you can maximize your rewards.

Tip: Plan your vacations and dining experiences using this card to accumulate points quickly, and consider using those points to offset future travel expenses.

2. 1.5X Points Per Dollar on All Other Purchases

While travel and dining offer the highest rewards, the card also provides 1.5X points per dollar on all other purchases. This straightforward rewards system makes it easy to earn points on everyday expenses like groceries, utilities, and online shopping.

Tip: Use this card for regular purchases to accumulate points effortlessly over time.

3. Valuable Travel Credits

The card offers up to $200 in annual travel credits for qualifying purchases, such as baggage fees or airport lounge passes. This benefit can significantly reduce out-of-pocket expenses when traveling.

Tip: If you travel often, make sure to take full advantage of these credits by planning your trips around the specific benefits they offer.

4. No Foreign Transaction Fees

Another excellent feature for international travelers is that the Bank of America Premium Rewards Credit Card does not charge foreign transaction fees. This feature can save you a considerable amount, as these fees typically range from 1% to 3% of each transaction made abroad.

Tip: Always use this card for purchases outside the United States to avoid unnecessary fees and to maximize savings on international trips.

5. Enhanced Security Features

This credit card comes with enhanced security features, including real-time alerts, chip technology, and a digital wallet for added protection against fraud. Peace of mind during both domestic and international transactions is paramount, and this card ensures your money is secure.

Tip: Set up alerts to stay informed about your spending and to catch any unauthorized transactions quickly.

GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE

The Bank of America Premium Rewards Credit Card stands out for its robust earning potential, especially for regular travelers and diners. It rewards users with points that accumulate quickly, turning everyday purchases into valuable contributions toward future travels or savings. With no foreign transaction fees, traveling becomes more affordable, allowing you to focus on your adventures rather than extra charges. The flexibility in redeeming rewards is another significant advantage, catering to different financial goals and preferences. Additionally, new cardholders can capitalize on enticing sign-up bonuses, further enhancing the card’s attractiveness.

Requirements to Apply for the Bank of America Premium Rewards Credit Card

• Credit Score: To qualify for the Bank of America Premium Rewards Credit Card, applicants typically need a strong credit score, often at least 700 or higher. This demonstrates creditworthiness and a history of responsible credit use.
• Income Verification: Applicants should be prepared to provide proof of a stable income, which might include recent pay stubs, tax returns, or other financial documents. A steady income ensures you can handle the credit card’s responsibilities.
• Employment Status: While not always mandatory, being employed or having a consistent source of income can improve your chances of approval as it indicates financial stability.
• Residency: Applicants must be residents of the United States. This requirement ensures that the bank can verify your identity and address.
• Legal Age: You must be at least 18 years old to apply for this credit card or 19 if you reside in Alabama and Nebraska, as these are the legal ages for entering into financial agreements.

LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

How to Apply for the Bank of America Premium Rewards Credit Card

Step 1: Visit the Bank of America Website or a Local Branch

Start your application by visiting the Bank of America website. You can also choose to visit a local branch if you prefer a face-to-face interaction. On the website, navigate to the “Credit Cards” section to find the Bank of America Premium Rewards Credit Card. Look for any current offers or bonuses that might enhance the benefits of the card.

Step 2: Evaluate Your Eligibility

Before applying, ensure you meet the eligibility criteria. Key factors typically include having a good to excellent credit score and meeting the minimum income requirements. Bank of America may also consider your banking history with them if you are a current customer. Checking these beforehand will increase your chances of approval.

Step 3: Complete the Online Application Form

Once you’re confident about your eligibility, click the “Apply Now” button on the website’s card detail page. Fill out the online application form with necessary information such as your personal details, income, and employment data. Double-check your entries for accuracy to avoid any processing delays.

Step 4: Submit Your Application

After filling in all required fields, submit your application. You may receive an instant decision, but in some cases, further review might be needed. Keep an eye on your email for any communications from Bank of America regarding your application status.

Step 5: Receive Approval and Activate Your Card

If approved, your new Bank of America Premium Rewards Credit Card will be mailed to you within 7 to 10 business days. Once you receive your card, activate it following the instructions provided, usually by phone or online. You’re now ready to start enjoying the rewards and benefits that come with your new card.

LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

Frequently Asked Questions about Bank of America Premium Rewards Credit Card

What are the main benefits of the Bank of America Premium Rewards Credit Card?

The Bank of America Premium Rewards Credit Card offers numerous benefits, including earning unlimited 2 points per $1 spent on travel and dining, and 1.5 points per $1 on all other purchases. Additional perks include up to $100 in airline incidental statement credits annually, and up to $100 for Global Entry or TSA Pre✓® application fees every four years. These features make it an excellent choice for frequent travelers.

Is there an annual fee for the Bank of America Premium Rewards Credit Card?

Yes, there is an annual fee of $95 for this card. However, the rewards and benefits like travel credit and possible bonus points can easily outweigh the annual fee, providing valuable savings and perks for cardholders who frequently travel or dine out.

Are there special offers or bonus points available when signing up for this card?

Yes, new cardholders can earn a welcome bonus of 50,000 online bonus points—worth $500 when redeemed for travel—after making at least $3,000 in purchases in the first 90 days of account opening. This competitive bonus is a great incentive to start using the card for everyday or travel expenses quickly.

What credit score is needed to qualify for the Bank of America Premium Rewards Credit Card?

The Bank of America Premium Rewards Credit Card typically requires a good to excellent credit score, usually around 700 or higher. Applicants with a strong credit history and reliable income have a better chance of approval, as this is considered a premium card offering robust rewards and benefits.

Does the Bank of America Premium Rewards Credit Card have any foreign transaction fees?

No, this card does not charge any foreign transaction fees, making it a great option for international travelers. You can use the card abroad without worrying about additional fees eating into your travel budget, which can save you a significant amount over time if you travel frequently.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on our platform. Her goal is to empower readers with practical advice and strategies for financial success.