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  Bank of America Premium Rewards Card

Bank of America Premium Rewards Card

in Personal Credit Cards from Bank of America

Unaffiliated

Bank of America Premium Rewards Card

Unaffiliated

in Personal Credit Cards from Bank of America

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Highlights
Highlights
Annual Fee $95
Purchase APR  (Variable APR) 17.99% - 24.99%
Balance Transfer APR  (Variable APR) 17.99% - 24.99%
Credit Score Range 690 - 850

Bank of America Premium Rewards Card Review

If you're wondering whether Bank of America Premium Rewards Card is the right card for you, read on. This is everything you need to know to make a good choice.
Pros & Cons of Bank of America Premium Rewards Card
The Good The Bad
  • Multiple credit card perks.
  • Cardholders can earn rewards on their purchases.
  • Offers auto rental collision damage waiver.
  • Includes emergency support.
  • Extended warranty protection on purchases.
  • Free access to your credit score.
  • Global Entry / TSA Precheck Fee Credit.
  • Purchase Protection.
  • Travel Accident Insurance.
  • Travel Assistance.
  • Trip Cancellation Insurance.
  • No foreign transaction fee.
  • Earn rewards on every purchase.
  • Bank of America Premium Rewards Card reports to multiple credit bureaus.
  • Higher than average purchase APRs.
  • Charges an annual fee of $95.
  • Is there a Bank of America Premium Rewards Card cash back or rewards program?

    Bank of America Premium Rewards Card offers a rewards program to its customers.

    Bank of America Premium Rewards Card Rewards
    Rewards rate (all purchases) 1.5%
    Max rewards rate 2%
    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 America Premium Rewards Card have a signup bonus?

    Bank of America Premium Rewards 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 America Premium Rewards Card offer an annual loyalty bonus?

    Yes, Bank of America Premium Rewards Card offers card users an annual bonus worth up to $100.

    What are the Bank of America Premium Rewards Card benefits?

    Bank of America Premium Rewards Card 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 America Premium Rewards Card?

    Bank of America Premium Rewards Card is a charge card and therefore doesn't have interest charges. You must pay your balance in full every month.

    What are the Bank of America Premium Rewards Card fees?

    The following fees apply to Bank of America Premium Rewards Card:

    Bank of America Premium Rewards Card Fees
    Fees Amount
    Annual Fee $95
    Foreign Transaction Fee 0%
    Balance Transfer Fee 3%
    Minimum Balance Transfer Fee $10
    Returned Payment Fee $28
    Late Payment Fee $39

    Does Bank of America Premium Rewards Card have a foreign transaction fee?

    Bank of America Premium Rewards Card does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

    Does Bank of America Premium Rewards Card report your account activity to credit bureaus?

    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 can help improve your credit score.

    How to apply for Bank of America Premium Rewards Card

    • Visit the Bank of America Premium Rewards 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 you're denied click here to find out why your application may have been rejected and what you can do about it.

    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...

    Availability

    Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
      Available in 50 states and Washington, D.C.
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Washington, DC
    • 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
    • West Virginia
    • Wisconsin
    • Wyoming

    Feature Breakdown

    Every Purchase (Points) 1.5 points for every $1 spent on all other purchases
    Foreign Currency Transaction Fee 0%
    No Foreign Transaction Fee  
    No Interest Grace Period for Late Payment 25
    Annual Fee $95
    Balance Transfer Fee % 3%
    Balance Transfer Fee Minimum $10
    Cash Advance Fee (%) 3%
    Cash Advance Fee Minimum $10
    Late Fee Amount $39
    Minimum Interest Charge $1.50
    Returned Payment Fee $28
    Customer Type Personal
    Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
    Minimum Age 18
    Supported Income Types
    • 1099 Misc. Income
    • Cash
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
    • Tax Returns
    Card Network
    • Visa
    Card Type
    • Bonus Offers
    • Charge Card
    • Rewards
    • Travel
    Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    Credit Card Benefits
    • Auto Rental Collision Damage Waiver
    • Emergency Support
    • Extended Warranty Protection
    • Fraud Liability
    • Free Credit Score
    • Global Entry / TSA Precheck Fee Credit
    • Purchase Protection
    • Travel Accident Insurance
    • Travel Assistance
    • Trip Cancellation Insurance
    Emergency Support  
    Extended Warranty  
    Fraud Liability  
    Free FICO Score  
    Lost Luggage Insurance  
    Travel Insurance  
    Annual Airline Credit Up to $100
    Annual Loyalty Bonus $100
    Bonus Rewards Earn unlimited 2 points for every $1 spent on travel and dining purchases
    No Blackout Dates  
    No Reward Expiration Period  
    Rewards Categories
    • Every Purchase
    • Restaurants
    Signup Bonus (points) 50,000
    Cash Advance APR (Variable APR) 20.99% - 26.99%
    Purchase APR (Variable APR) 17.99% - 24.99%
    Balance Computation average daily balance (including new purchases)
    Penalty APR 29.99%
    Balance Transfer APR (Variable APR) 17.99% - 24.99%

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