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

Are you seeking a credit card that blends rewards with premium benefits? The Bank of America Premium Rewards Credit Card might just be your ideal choice. Designed for savvy consumers who love to maximize rewards, this card offers a seamless blend of value and perks tailored to enhance your financial lifestyle.

With this card, you can enjoy unlimited 2 points for every dollar spent on travel and dining, and 1.5 points per dollar on all other purchases. In addition, valuable perks such as travel credits and no foreign transaction fees add extra layers of appeal.

Keen to learn more about how to apply and take advantage of these benefits? Our guide will walk you through the steps and what you need to know to add this valuable card to your financial toolkit. Dive in now to begin the journey to smarter spending!

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

1. Earn Unlimited Rewards Points

With the Bank of America Premium Rewards Credit Card, you can earn unlimited 2 points for every dollar spent on dining and travel purchases, and 1.5 points per dollar on all other purchases. This feature allows you to accumulate rewards points quickly, which you can then redeem for travel, cash back, and more. To maximize your rewards, consider using this card whenever you dine out or book trips, allowing your everyday purchases to translate into meaningful rewards.

2. Flexible Redemption Options

One of the standout features of this credit card is its flexible redemption options. Points can be redeemed for a variety of rewards, including travel, statement credits, and gift cards. What’s more, there’s no limit to the number of points you can earn, and your points don’t expire as long as your account remains in good standing. To make the most of your points, redeem them for travel-related expenses to maximize value.

3. Receive Up to $200 in Travel Statement Credits

Travel enthusiasts will appreciate the up to $100 in statement credits for your first incidental airline purchases like checked baggage and in-flight refreshments. In addition, if you plan international trips often, you can also receive up to $100 in credits toward TSA Pre✓® or Global Entry application fees. This can greatly reduce the hassles of travel boarding processes. Ensure you enroll for these programs to take full advantage of this benefit.

4. No Foreign Transaction Fees

For those who find themselves abroad frequently, the Bank of America Premium Rewards Credit Card waives all foreign transaction fees, enabling you to shop abroad without incurring extra charges. This could lead to significant savings, especially if travel is a regular part of your life. Remember to always carry your credit card when traveling internationally to avoid the inconvenience of currency exchange fees.

5. Comprehensive Travel Insurance Coverage

The credit card also offers robust travel insurance coverage, protecting you against trip cancellations, interruptions, and lost or delayed baggage. This can provide peace of mind knowing that unexpected travel mishaps are taken care of. Ensure to review the insurance terms thoroughly to understand the coverage scope and begin filing claims promptly if needed.

LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

The Bank of America Premium Rewards Credit Card offers a variety of attractive features that cater to the needs of frequent travelers and dining enthusiasts. With the ability to earn points on everyday expenses, cardholders can maximize their rewards potential while enjoying the benefits of travel-related perks.One of the key advantages of this card is the ability to earn 2 points per dollar on all travel and dining purchases, which can add up significantly over time. Additionally, the card includes a generous sign-up bonus of 50,000 points when you meet the spending requirement of $3,000 within the first 90 days. This bonus can be very beneficial, especially for those looking to redeem points for travel bookings, cash back, or other rewards offerings.Another valuable feature of the Bank of America Premium Rewards Credit Card is the flexible redemption options. Points can be used towards a variety of rewards, including travel expenses, statement credits, and gift cards. This flexibility ensures that cardholders can utilize their points in a way that best suits their personal preferences and financial goals. Moreover, the card does not charge an annual fee, making it an appealing choice for budget-conscious consumers who wish to enjoy premium rewards without added costs. Overall, the Bank of America Premium Rewards Credit Card is designed for those who want to earn rewards while keeping their finances in check.

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

• Strong Credit Score: To increase your chances of approval for the Bank of America Premium Rewards Credit Card, it’s typically recommended to have a credit score of 700 or higher. A good credit score signifies to lenders that you are reliable and responsible with credit.
• Minimum Age Requirement: Applicants must be at least 18 years old to apply for this credit card. This is a standard requirement for obtaining any credit card in the United States.
• SSN or ITIN: You will need a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN) to process your application. This information helps Bank of America verify your identity and financial history.
• Proof of Income: Providing documentation such as pay stubs or tax returns can demonstrate your ability to pay the monthly credit card bill and support the application process. It’s important to show stable income to meet the card’s financial obligations.
• U.S. Residency: You must be a legal resident of the United States. This means having a valid U.S. residential address that will serve as your primary contact location for the card issuer.

SIGN UP TO GET YOUR 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

The first step in applying for the Bank of America Premium Rewards Credit Card is to visit the Bank of America official website. Simply open your web browser and type in the URL: www.bankofamerica.com. Once you’re on the homepage, navigate to the Credit Cards section, which you can typically find in the main menu or through a quick search on the site.

Step 2: Select the Premium Rewards Credit Card

In the Credit Cards section, you will see various credit card options available from Bank of America. Look for the Premium Rewards Credit Card. Click on the card to access more detailed information about its rewards, benefits, and rates. Ensure that this card aligns with your financial needs before proceeding.

Step 3: Begin the Application Process

Once you have reviewed the information and decided to apply, click the Apply Now button associated with the Premium Rewards Credit Card. This will direct you to the online application form. Follow the prompts to enter your personal information, such as your name, address, Social Security number, and employment details. Be sure to double-check your entries for accuracy.

Step 4: Review Terms and Conditions

Before submitting your application, it is crucial to review the Terms and Conditions of the credit card. This includes understanding the interest rates, fees, and reward earning potential. Make an educated decision by thoroughly reading all the provided documents.

Step 5: Submit Your Application

After you have filled out the application and reviewed all necessary information, click the Submit button. Some applications may receive immediate approval, while others might need additional review. Be prepared to provide any additional information if requested by the bank.

SEE HOW 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 enticing benefits. Cardholders 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, the card provides up to $100 in annual credits for airline incidental expenses like seat upgrades and baggage fees. Cardholders also receive up to $100 for TSA Pre✓® or Global Entry application fee statements. These rewards can be especially valuable for frequent travelers.

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. Consider this fee against the benefits you anticipate utilizing, such as the travel credits and points rewards, to assess the card’s value for your specific needs.

How can I redeem the points earned with this card?

Points earned with the Bank of America Premium Rewards Credit Card can be redeemed for a variety of options. You can redeem points for travel purchases, cash back as a statement credit, or deposit them into eligible Bank of America or Merrill accounts. The flexibility of redemption options allows you to tailor your rewards to suit your financial goals.

Does this card offer any introductory bonuses?

Yes, new cardholders may be eligible for an introductory bonus. Typically, you can earn a bonus of 50,000 online points if you make $3,000 in purchases in the first 90 days of account opening. Always check the Bank of America’s website or contact them directly for the most current offers, as these can change over time.

Are there any international transaction fees with this card?

No, the Bank of America Premium Rewards Credit Card does not charge foreign transaction fees. This makes it a great choice for international travelers who are looking to avoid additional charges on purchases made outside the United States.