Bank of America Premium Rewards Card
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Chime secured Credit Builder Visa® Credit Card
20 reviews
| Community Rating |
Rating not yet determined |
| Purchase APR (Variable APR) | 17.49% - 24.49% |
| Balance Transfer APR (Variable APR) | 17.49% - 24.49% |
| Credit Score Range | 690 - 850 |
| Annual Fee | $95 |
Bank of America Premium Rewards Card Review
If you're wondering whether Bank of American Premium Rewards credit card is the right card for you, read on.Key Takeaways
- Signup bonus. Offers a signup bonus of 50000 points after spending $3,000 within 3 months that can be redeemed for travel, gifts, or other perks.
- High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.49% up to 24.49%.
- 3% Balance transfer fee. Bank of America Premium Rewards Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
- No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
- Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
- Good or better credit required. You will have low approval odds if your credit score is below 690.
Pros & Cons of Bank of American Premium Rewards credit card
| The Good | The Bad |
|---|---|
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Bank of American Premium Rewards credit card FAQ
Does Bank of American Premium Rewards credit card have a cash back or rewards program?
Bank of American Premium Rewards credit card is a travel rewards card.
| Minimum rewards rate | 1.5x |
| Max rewards rate | 2x |
| Annual rewards limit | N/A |
| Signup Bonus ($) | N/A |
| Signup Bonus (Points/Miles) | 50000 |
| Signup Bonus Spend Requirement | $3000 |
| Signup Bonus Spend Period (months) | 3 months |
| Annual Loyalty Bonus | $100 |
Does Bank of American Premium Rewards credit card have a signup bonus?
This card doesn't offer a cash signup bonus. However, it does include a 50000 points signup bonus after spending $3000 that can be redeemed for travel, gifts, or other perks.Does Bank of American Premium Rewards credit card offer an annual loyalty bonus?
Yes, it offers cardholders an annual bonus worth up to $100.
What are the Bank of American Premium Rewards credit card benefits?
It provides the following benefits:
- Free Credit Score
- Auto Rental Collision Damage Waiver
- Emergency Support
- Extended Warranty Protection
- Trip Cancellation Insurance
- Zero fraud liability
- Travel Accident Insurance
- No blackout dates when redeeming miles
- Travel Assistance
- Reports to major credit bureaus
What are the relevant APRs for Bank of American Premium Rewards credit card?
This is a charge card and therefore doesn't have a regular APR or interest charges. You must pay your balance in full every month.What are the fees for Bank of American Premium Rewards credit card?
The following fees apply:
| Fees | Amount |
|---|---|
| Annual Fee | $95 |
| Foreign Transaction Fee | 0% |
| Returned Payment Fee | up to $29 |
| Late Payment Fee | up to $40 |
Does Bank of American Premium Rewards credit card have a foreign transaction fee?
This card does not charge foreign transaction fees. If you are a frequent traveler, avoiding foreign transaction fees can save you hundreds of dollars in fees when you travel out of the country.What is the customer service phone number for Bank of American Premium Rewards credit card?
The Bank of American Premium Rewards credit card customer service number is (800) 932-2775.
What is the support contact email for Bank of American Premium Rewards credit card?
The support contact email for Bank of American Premium Rewards credit card is customerservicealert@bankofamerica.com.
What is the Bank of American Premium Rewards credit card login page?
You can access the Bank of American Premium Rewards credit card login page here.
How do people rate the customer service and user experience of Bank of American Premium Rewards credit card?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does Bank of America Premium Rewards Card report your account activity to credit bureaus?
Yes, Bank of America Premium Rewards Card reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
How to apply for Bank of American Premium Rewards credit card
- Visit the Bank of American Premium Rewards credit card website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
View Bank of America Premium Rewards Card's published terms & conditions.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website
may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking
on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Contact
- Headquarters
-
100 North Tryon Street
Charlotte, NC 28255 USA - (800) 932-2775
- Visit Site
- Email Support
Other Services by Bank of America
View all credit cards offered by Bank of America
Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Cash Advance Fee Minimum | $10 |
| Cash Advance Fee (%) | Up to 3% |
| Minimum Cash Advance Fee ($) | Starting at $10 |
| Foreign Currency Transaction Fee | 0% |
| No Foreign Transaction Fee | |
| Annual Fee | $95 |
| Minimum Interest Charge | $1.50 |
| No Interest Grace Period for Late Payment | 25 days |
| Returned Payment Fee | Up to $29 |
| Late Fee Amount | Up to $40 |
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