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

Unlock a world of premium benefits with the Bank of America Premium Rewards Credit Card. Designed for travelers and everyday spenders alike, this card offers exceptional rewards on every penny you spend. Imagine earning 2 points for every dollar on travel and dining, and 1.5 points on all other purchases. Whether you’re planning your next vacation or dining at your favorite restaurant, your purchases can earn you valuable points.

Beyond rewards, this credit card provides additional perks such as a $95 annual travel credit, complimentary access to exclusive airport lounges, and robust travel insurance. These features not only enhance your travel experience but also provide financial peace of mind. Imagine breezing through airports with ease, knowing you have a card that caters to your lifestyle. Eager to enjoy these advantages? Dive into the application process and discover how you can start earning today.

Discover the Benefits of the Bank of America Premium Rewards Credit Card

Earn Unlimited Rewards

The Bank of America Premium Rewards Credit Card offers an outstanding opportunity to earn unlimited rewards on everyday purchases. You can collect 2 points for every dollar spent on travel and dining, which makes it an ideal choice for foodies and frequent travelers. All other purchases earn you 1.5 points per dollar. To maximize these rewards, make it your go-to card for dining out or purchasing travel tickets, strategically accumulating points as you spend on enjoyable experiences.

Annual Travel Credit

Another exceptional feature is the card’s generous $100 annual travel credit for incidental airline fees, useful for those who often find themselves at airports. This credit can cover seat upgrades, baggage fees, and even in-flight purchases, effectively reducing your travel costs. Implement this smartly by planning airline purchases around this credit, ensuring you don’t leave potential savings on the table each year.

Global Entry or TSA Pre✓® Fee Credit

Enjoy the ease of air travel with a credit on your Global Entry or TSA Pre✓® application fees, up to $100. These programs expedite the security process, saving you time and hassle at the airport. With the card reimbursing these fees every four years, you can continue to travel conveniently and focus on your journey rather than the logistics.

Additional Travel and Purchase Protections

Travel with confidence and peace of mind thanks to an array of protections included with the Bank of America Premium Rewards Credit Card. These cover travel accidents, lost luggage, and even trip cancellations. Plus, your purchases are safeguarded with purchase protection benefits, making the card a reliable companion both at home and abroad. Make sure to familiarize yourself with these coverage details so you can leverage them when necessary, turning potential travel mishaps into manageable situations.

LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

The Bank of America Premium Rewards Credit Card is designed for individuals who seek exceptional rewards combined with travel benefits. With this card, users can earn 2 points per dollar spent on travel and dining and 1.5 points on all other purchases. These points can be redeemable for a variety of travel experiences or cash back, offering flexibility depending on your needs.An enticing aspect of this credit card is its generous welcome bonus. By meeting a specified spend in the first 90 days, new cardholders can earn a significant amount of bonus points, which can greatly accelerate the rewards accumulation process. In addition, cardholders enjoy a no annual fee in the first year, making it an appealing option for new credit card users.The benefits extend beyond points accumulation. The Premium Rewards Credit Card includes travel insurance, which covers issues like trip cancellations and lost luggage—a reassuring feature for frequent travelers. Moreover, cardholders receive access to exclusive travel perks, such as discounts on hotels and car rentals, providing added value for every trip taken.Offering zero foreign transaction fees is another major advantage, making this card ideal for international travel. This feature ensures you can use your card abroad without worrying about extra fees on your transactions, which can add up during overseas trips. Additionally, the card also equips users with 24/7 customer service and access to travel assistance services, ensuring you’re never alone while traveling. These benefits create a comprehensive package that caters to those who want rewards while managing travel-related expenses effortlessly.In summary, the Bank of America Premium Rewards Credit Card excels in offering a blend of generous rewards, travel benefits, and customer-friendly features, appealing to a wide array of consumers looking to maximize their spending potential.

Key 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, you typically need a good to excellent credit score. This usually means a FICO score of 670 or higher, which indicates to lenders that you have a history of managing credit responsibly.
• Age Requirement: You must be at least 18 years old to apply for this card. If you’re under 21, be prepared to show proof of independent financial status or a co-signer, as per the Credit CARD Act requirements.
• Income Requirement: While Bank of America doesn’t specify an exact minimum income, you do need to prove that you have sufficient income to make monthly credit card payments. Demonstrating a stable income reassures the bank of your ability to handle credit responsibly.
• U.S. Residency: Applicants must be U.S. residents and have a valid Social Security Number or Individual Taxpayer Identification Number. This is crucial for verifying your identity and credit history.
• Proof of Employment: You may need to provide documentation proving your employment status or other sources of income, especially if your financial situation is complex.

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: Access the Bank of America Website

To start your application process, go to the Bank of America website. You can conveniently do this from your smartphone, tablet, or computer. Look for the “Credit Cards” section, typically located on the main navigation menu. Click on it and find the “Premium Rewards Credit Card” option under the available cards category.

Step 2: Review Card Details

Before proceeding with the application, it’s important to understand the benefits, fees, and interest rates associated with the Premium Rewards Credit Card. Carefully read through all the information provided on the website page dedicated to this card. This will help you determine if it aligns with your financial needs and goals. Look for details like the rewards program, annual fee, and any special offers for new cardholders.

Step 3: Start the Application Process

Once you’re ready to proceed, click on the “Apply Now” button. This will lead you to the application form where you need to fill in your personal information. Be prepared with details such as your Social Security number, employment information, and annual income. Accurately filling in these details is crucial for the approval process.

Step 4: Submit Your Application

After you have filled out the application form, review all your information to ensure it is correct. Once satisfied, submit your application. Upon submission, you will typically receive a confirmation email acknowledging receipt of your application. Bank of America may contact you for any additional information if necessary during their review process.

Step 5: Wait for Approval

After your application has been submitted, give the bank some time to process it. You may receive a response within a few minutes, while in some cases it could take a few days. Once approved, you will receive your new Bank of America Premium Rewards Credit Card in the mail. Follow the instructions provided to activate your card and start enjoying its benefits.

SIGN UP TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

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 key benefits to its users. First, you earn 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases. Additionally, you can enjoy up to $200 in annual travel statement credits that can cover incidental airline fees and other travel purchases. Points can be redeemed for cash back, travel, gift cards, and more, providing flexibility and value to cardholders.

Is there an annual fee for this credit card, and how can it impact me?

Yes, the Bank of America Premium Rewards Credit Card has an annual fee of $95. While this fee may seem like a cost, the card’s rewards and benefits can easily offset it, especially if you regularly use the card for travel and dining purchases. If you maximize the travel credits and points earned, the value you receive can exceed the annual fee, making it a worthwhile investment for many cardholders.

How does the travel statement credit work?

This card provides up to $200 in travel statement credits each calendar year. This credit covers incidental charges like airline baggage fees, airport lounge access, and in-flight purchases. To take advantage of this benefit, simply use your card to make eligible travel purchases, and the credits will automatically be applied to your statement, reducing your overall travel costs. Remember to keep track of the types of purchases that qualify to make the most of this feature.

Are there any foreign transaction fees with this credit card?

No, the Bank of America Premium Rewards Credit Card does not charge any foreign transaction fees. This can be a significant advantage for frequent international travelers, as it allows you to use your card abroad without incurring additional charges. Take advantage of this benefit to save money while enjoying your travels without hassle.

How can I redeem the rewards points I earn?

Redeeming your points is straightforward and flexible. You can redeem your points for popular options such as cash back or travel expenses. Additionally, you can use points for gift cards and purchases through the Bank of America Travel Center. Points redemption is designed to be user-friendly, letting you choose the option that best fits your needs and preferences.

Beatriz

Beatriz Johnson is a seasoned financial analyst and writer with a passion for simplifying the complexities of economics and finance. With over a decade of experience in the industry, she specializes in topics like personal finance, investment strategies, and global economic trends. Through her work on our website, Beatriz empowers readers to make informed financial decisions and stay ahead in the ever-changing economic landscape.