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

Are you looking to enhance your travel experiences while earning rewards? The Bank of America Premium Rewards Credit Card might be just the right fit for you. This credit card offers a host of features that provide excellent value, especially for those who love to travel and dine out.

Reward Points

With this card, you earn unlimited 2 points for every dollar spent on travel and dining. This means that whether you’re booking a hotel, purchasing airline tickets, dining at your favorite restaurant, or even ordering takeout, you are continuously accruing rewards. Additionally, you earn 1.5 points per dollar on all other purchases, which means everyday spending like groceries, gas, or online shopping contributes to your rewards pool.

Travel Benefits

For those frequent flyers, the card offers a substantial travel benefit with its $100 annual airline incidental statement credit. This credit can be utilized for a range of travel-related expenses such as baggage fees, in-flight refreshments, or seat upgrades. This effectively lowers the out-of-pocket expenses when traveling, making your journey more enjoyable.

Airport Security Benefits

Additionally, cardholders can benefit from up to a $100 airport security statement credit toward TSA PreCheck® or Global Entry. These programs expedite your process through airport security lines, saving you time and reducing the stress of traveling. For instance, TSA PreCheck helps you pass through security faster by not requiring you to remove shoes, laptops, or jackets, which is incredibly beneficial during peak travel seasons.

Why Choose This Card?

These travel-centric perks combined make the Bank of America Premium Rewards Credit Card a valuable tool for savvy travelers and reward seekers alike. Whether you’re a jet-setter who hops from one destination to another or someone who enjoys weekend getaways, this card helps you maximize your spending. You not only enjoy your travels more but also get rewarded for doing so. Thus, with a range of benefits and a straightforward points system, this card proves to be a beneficial choice that aligns spending with rewards.

Key Benefits of the Bank of America Premium Rewards Credit Card

1. Earn Reward Points for Every Purchase

The Bank of America Premium Rewards Credit Card allows you to earn points on all your purchases. You can earn 2 points for every $1 spent on travel and dining and 1.5 points for every $1 on all other purchases. These points can quickly add up, especially if you frequently dine out or travel.

Tip: Plan your major purchases (like vacations or big-ticket items) with this card to maximize your point earnings. Ensure you’re tracking your reward points regularly to make the most of special offers that may come up.

2. Travel and Airport Benefits

Cardholders enjoy a range of travel perks, including up to $100 in travel statement credits annually for incidental airline purchases like seat upgrades or baggage fees. Additionally, you get access to premium benefits such as Global Entry or TSA Pre✓® fee credits, allowing you to breeze through airport security checks.

Tip: Enroll in these programs and use your travel credits effectively by aligning them with upcoming travel plans. Check if your preferred airlines partner with the card for any additional benefits.

3. No Foreign Transaction Fees

When you use your Bank of America Premium Rewards Credit Card abroad, you won’t have to worry about any additional foreign transaction fees. This perk allows you to save money while exploring the world without incurring extra costs on foreign currency conversions.

Tip: Use this card whenever you’re traveling abroad to avoid unnecessary currency conversion fees that can accumulate with other cards.

4. Enjoy Exclusive Access

With this card, you gain access to exclusive Bank of America cardholder events and tailored offers that can enhance your lifestyle, from concerts to dining experiences.

Tip: Stay informed by keeping an eye out for emails or notifications from Bank of America regarding upcoming exclusive offers and decide whether they fit your lifestyle or interests.

SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

The Bank of America Premium Rewards Credit Card is designed with the rewards-focused user in mind, allowing cardholders to earn valuable points on their everyday spending. The generous rewards program can significantly enhance your travel experience, rewarding you for your routine purchases. Moreover, the welcome bonus adds an exciting incentive, giving you the chance to kickstart your rewards journey without the burden of an annual fee in the first year. By leveraging these benefits, users can maximize their savings and rewards, making this card a compelling choice for many.

Requirements for Bank of America Premium Rewards Credit Card

• Credit Score: To enhance your eligibility for the Bank of America Premium Rewards Credit Card, aim for a credit score of at least 700. A higher score suggests responsible credit management, encouraging approval.
• Income Verification: Provide evidence of a steady income sufficient to manage credit card payments. Submit recent pay stubs or bank statements to validate your earnings.
• Age Requirement: Applicants must be at least 18 years old to apply. If you are under 21, additional proof of independent income may be necessary.
• US Residency: As a resident of the United States, you need a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) to apply. This is crucial for identity verification and regulatory compliance.
• Positive Credit History: A history of timely payments and low debt levels demonstrates creditworthiness, improving your chances of approval. Lenders often review your past financial behavior to assess risk.

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 or Local Branch

To start the application process for the Bank of America Premium Rewards Credit Card, head to the official Bank of America website. You can do this by entering the URL in your web browser or by searching for Bank of America online. Alternatively, if you prefer an in-person experience, you can visit your nearest Bank of America branch and speak with a representative who will guide you through the application process.

Step 2: Navigate to the Credit Card Section

Once on the Bank of America homepage, look for the menu options at the top. Hover over or click on the Credit Cards section. From there, you can view different card options available. Look for the Premium Rewards Credit Card and select it to access detailed information about its benefits and features.

Step 3: Start Your Application Online

After reviewing the card details, click on the Apply Now button to begin your online application. You will be asked to provide personal information such as your full name, address, and Social Security Number. Ensure all information is accurate before proceeding. Having relevant financial documents, such as income statements, can be helpful during this step.

Step 4: Review and Submit Your Application

Carefully review all the information provided in your application for accuracy. The form will typically include terms and conditions, as well as interest rates and fees associated with the card. It’s crucial to read these details thoroughly to ensure you agree with all terms. Once you’re satisfied and all fields are correctly filled, click on Submit to send your application for review.

Step 5: Await Approval and Receive Your New Card

After submitting your application, you may receive instant approval, or you might need to wait a few days for a decision. Bank of America will contact you with the outcome via email or mail. If approved, your Premium Rewards Credit Card will be mailed to the address you provided, ready to activate and use.

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 primary benefits of the Bank of America Premium Rewards Credit Card?

The Bank of America Premium Rewards Credit Card offers several notable benefits. Cardholders can earn unlimited 2 points for every $1 spent on travel and dining and 1.5 points for every $1 spent on all other purchases. Additionally, it provides up to $100 in airline incidental statement credits annually, which can be used for things like seat upgrades and baggage fees. There’s also a $100 credit for Global Entry or TSA PreCheck every four years, enhancing your travel experience.

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

Yes, the Bank of America Premium Rewards Credit Card has an annual fee of $95. This fee is easily offset by the card’s benefits, especially for those who travel frequently, thanks to the airline incidental credits and travel rewards.

How does the rewards system work with this credit card?

The rewards system allows you to accumulate points on your purchases. You earn 2 points per $1 spent on travel and dining-related expenses and 1.5 points per $1 on all other purchases. The points can be redeemed for travel, cash back, gift cards, and more through the Bank of America rewards program, offering great flexibility to suit your needs.

Does the card offer any travel benefits?

Yes, the card is designed with travelers in mind. It includes travel and emergency assistance services, trip cancellation coverage, lost luggage reimbursement, and travel insurance. Additionally, the card does not impose foreign transaction fees, making it an excellent choice for international travel.

Are there any special offers for new cardholders?

New cardholders can earn a generous welcome bonus of 50,000 online bonus points after making at least $3,000 in purchases in the first 90 days of account opening. This translates to approximately $500 when redeemed for travel or cash back, providing a substantial incentive to apply for the card.