Rating: 5 Stars
Bottom Line:
Higher Than Average Travel Rewards Rate Across All Purchases
TABLE OF CONTENTS
Card Details
| Regular APR: | 17.99% – 24.99% (Variable) |
| Intro APR (Purchases): | None |
| Intro APR (Balance transfers): | None |
| Rewards Rate: | Earn unlimited 2 points for every $1 spent on travel and dining purchases Earn unlimited 1.5 points per $1 spent on all other purchases |
| Credit Needed: | (670 – 850) Excellent/Good |
| Annual Fee: | $0 |
| Card Brand: | Visa |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- Receive 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening
- Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
- If you’re a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase
- No limit to the points you can earn and your points don’t expire
- Redeem for cash back as a statement credit, deposit into eligible Bank of America accounts, credit to eligible Merrill accounts, or gift cards or purchases at the Bank of America Travel Center
- Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
- No Foreign Transaction Fees
- Low $95 annual fee
Is Bank of America Premium Rewards worth it?
Bank of America Premium Rewards is a strong card for cardholders who spend a lot on travel and dining, with 2 points per dollar in those categories and 1.5 points per dollar on all other purchases.
Pros
- Intro bonus of 50,000 points after spending $3,000 in purchases in first 90 days after account opening – that’s $500 in value
- Travel rewards can be earned not only on airlines, hotels, car rental agencies, but also entertainment attractions like museums and amusement parks, and transportation expenses like taxis and parking garages
- No foreign transaction fee
Cons
- High regular APR
- $95 annual fee
Why 5 Stars?
Regular APR
4 Stars
Intro APR
4 Stars
Fees
5 Stars
Perks
5 Stars
Overall
5 Stars
Fees
| Foreign Transaction Fee | $0 |
| Balance Transfer Fee | 3% of the amount of each transfer or $10, whichever is greater |
| Cash Advance Fee | See Terms |
| Penalty APR | Up to 29.99% |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Concierge Service |
| Extended Warranty Program |
| Travel Accident Insurance |
| Lost Luggage Reimbursement |
| Purchase Protection |
| Roadside Assistance |
| Travel Assistance |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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