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

Looking to elevate your rewards game while keeping your travel essentials covered? The Bank of America Premium Rewards Credit Card might just be your next financial ally. Designed to offer more than just convenience, this card opens the door to a world of travel benefits and flexible redemption options. Whether you’re a frequent traveler or someone who enjoys exclusive dining experiences, this card caters to your lifestyle.

With the potential to earn unlimited 2 points for every dollar on travel and dining, and 1.5 points on all other purchases, your spending quickly turns into valuable rewards. Plus, the card offers up to $100 annually in airline incidental credits, easing your journey expenses. As you dive into understanding how to apply for this card, you’ll discover the seamless entryway it provides to a world of luxury and practicality, ensuring you’re always getting the most out of what you spend.

Benefits of the Bank of America Premium Rewards Credit Card

Earn Reward Points on Every Purchase

The Bank of America Premium Rewards Credit Card allows you to earn valuable rewards points on every purchase you make. With this card, you can earn 2 points for every dollar spent on travel and dining, and 1.5 points per dollar on all other purchases. This feature means that your everyday spending can help you accumulate points towards travel, gift cards, cash back, or even statement credits. To maximize your benefits, consider using this card for routine expenses like dining out or booking travel, ensuring you reach those higher reward rate categories.

Valuable Travel Benefits

As a Premium Rewards cardholder, you gain access to a suite of travel benefits. Some notable features include an annual travel credit of up to $100 that can be used for airline incidentals such as baggage fees, seat upgrades, and in-flight services. Additionally, enjoy no foreign transaction fees, making it an excellent choice for international travelers. To make the most out of these perks, plan your trips and expenses in a way that allows you to maximize the use of the travel credit each year.

Global Entry and TSA Pre✓® Credit

Frequent travelers will appreciate the card’s $100 credit for Global Entry or TSA Pre✓® application fees, which can expedite your reentry into the U.S. or help you breeze through domestic airport security lines. This perk not only saves you money but also valuable time. If you’re a frequent flyer, ensure you apply for this benefit and enjoy quicker, stress-free travel.

Special Benefits for Preferred Rewards Members

If you’re part of the Bank of America Preferred Rewards program, this card offers even greater value. Members can receive an additional rewards bonus of 25% to 75% on every purchase, depending on their tier. To capitalize on this, consider evaluating your potential qualification for Preferred Rewards prior to applying for the card, as it could significantly boost your earnings from rewards.

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

The Bank of America Premium Rewards Credit Card is designed for those who enjoy earning rewards on everyday purchases while also benefiting from excellent travel perks. It’s an impressive choice for consumers looking for added value on their spending. One of the card’s primary advantages is the generous rewards structure. Cardholders earn 2 points per dollar spent on travel and dining, and 1.5 points on all other purchases. This makes it particularly beneficial for individuals who frequently dine out or travel for both work and leisure.Another significant feature is the sign-up bonus. New applicants can earn a substantial cash bonus if they spend a qualifying amount within the first 90 days of opening their account. This bonus can add a considerable amount to your rewards balance, helping you attain rewards faster. Additionally, the card comes with various travel benefits, including no foreign transaction fees, which is a great perk for international travelers. Cardholders also have access to travel insurance, purchase protection, and extended warranty coverage, providing added peace of mind when making transactions.For those who appreciate flexibility, the points accrued through the Bank of America Premium Rewards Credit Card can be redeemed for a variety of options, including travel, cash back, and gift cards. This credit card not only emphasizes reward accumulation but also ensures that cardholders enjoy a seamless experience when it comes to redemption. Overall, the Bank of America Premium Rewards Credit Card stands out as an excellent option for reward seekers who prioritize travel and dining benefits combined with security and flexibility.

Requirements for the Bank of America Premium Rewards Credit Card

• Minimum Credit Score: To apply for the Bank of America Premium Rewards Credit Card, a good to excellent credit score is typically required. This usually means having a FICO score of 670 or higher to increase your chances of approval.
• Proof of Income: You need to demonstrate financial stability. This is often shown through proof of employment or consistent income. Regular pay stubs or a recent tax return can serve as proof.
• Valid Social Security Number or Taxpayer Identification Number (TIN): As a U.S. resident, you must provide either of these identification numbers during the application process for verification purposes.
• U.S. Residency: Applicants must be permanent residents or citizens of the United States. Providing a valid residential address is part of the application requirements.
• Legal Age Requirement: You must typically be at least 18 years old to apply for a credit card in the U.S., or 21 if you are a full-time student with limited income.

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

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

Step 1: Visit the Bank of America Website

To begin your application for the Bank of America Premium Rewards Credit Card, you need to visit the Bank of America website. Make sure you’re using a secure internet connection. You can search for “Bank of America credit cards” using your preferred search engine or type the URL directly into your browser. Once you’re on the homepage, look for the credit cards section, and click on the link to explore their credit card options.

Step 2: Navigate to the Premium Rewards Credit Card Page

Within the credit card section, find and click on the “Premium Rewards Credit Card” option. Here, you will find detailed information about the benefits, rewards, and features of the card. It’s important to fully understand the terms, such as interest rates and fees, so take your time to review this information before moving forward. Once satisfied, look for the “Apply Now” button to proceed with your application.

Step 3: Complete the Online Application Form

The application form will require you to fill in personal information such as your name, address, social security number, and employment details. Ensure all the information you provide is accurate, as this will be essential in the credit approval process. Make sure to read the terms and conditions thoroughly and check any boxes that confirm your agreement before submitting the form.

Step 4: Review Your Application Status

After submitting your application, you’ll typically receive a confirmation email with further instructions. Bank of America may give you instant approval, but in some cases, they might need additional information, which can delay the decision. You can track your application status on their website by logging into your account or following the link provided in the confirmation email.

Step 5: Receive Approval and Your New Card

If approved, you will receive your Bank of America Premium Rewards Credit Card in the mail within 7 to 10 business days. Once you receive the card, follow the enclosed instructions to activate it. Start using your new credit card to enjoy the rewards and benefits you’ve chosen.

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

Frequently Asked Questions about the 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 several compelling benefits. Cardholders earn 2 points per dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. Additionally, you can enjoy up to $100 in airline incidental credits annually, which can help offset costs like checked baggage fees. This makes the card particularly advantageous for frequent travelers.

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

Yes, the card comes with an annual fee of $95. While this might be a consideration, the rewards and benefits you gain, especially if you frequently dine out or travel, can outweigh this cost. Keep in mind the airline credits and other perks that can effectively reduce the impact of this fee.

How do the points work, and when can I redeem them?

Points earned with the Bank of America Premium Rewards Credit Card can be redeemed in a variety of ways. You can redeem your points for cash back as a statement credit or directly into eligible Bank of America accounts. Additionally, points can be used for travel, gift cards, and other options. There are no blackout dates or expiration for points, providing flexibility in how and when you choose to redeem.

Does the Bank of America Premium Rewards Credit Card offer any sign-up bonus?

Yes, the card offers an attractive sign-up bonus. New cardholders can earn 50,000 online bonus points after making at least $3,000 in purchases in the first 90 days of account opening. This is equivalent to a $500 value that can be redeemed for travel, gift cards, or cash back, providing a great incentive for new card members.

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 the our platform. Her goal is to empower readers with practical advice and strategies for financial success.