How to Apply for Bank of America Premium Rewards Credit Card

Explore the Premium Benefits of Bank of America’s Rewards Credit Card

Unlock a world of financial advantages with the Bank of America Premium Rewards Credit Card. This card is perfectly crafted for individuals who appreciate the blend of luxury and convenience in their financial transactions. Whether you’re dining out at your favorite restaurant or traveling to distant lands, this card offers a substantial rewards system, allowing you to accrue points effortlessly.

Maximize Your Rewards on Travel and Dining

The card features generous rewards points for both travel and dining expenses. For frequent travelers and food enthusiasts, this translates into meaningful returns on your spending. Additionally, the card boasts competitive APR rates, ensuring that your purchases don’t become burdensome over time financially.

Exceptional Travel Perks

Beyond everyday spending, the card enriches your journey with several travel-related perks. Enjoy peace of mind with benefits like trip cancellation insurance and travel accident insurance. Moreover, the absence of foreign transaction fees makes it a valuable companion for those venturing abroad, allowing you to use your card globally without incurring additional charges.

Exclusive Introductory Bonuses

The Bank of America Premium Rewards Credit Card often features enticing introductory bonuses. Savvy cardholders will find numerous opportunities to maximize their spending power through ongoing rewards, allowing for a more rewarding financial experience.

Simple Application Process

Applying for this credit card is straightforward and can elevate your financial lifestyle. Ensuring that you understand the application process and knowing the qualifications needed will prepare you to seize the opportunities this card offers. By integrating such a card into your financial toolkit, you align yourself with a future filled with enhanced monetary rewards and simplified financial management.

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

Maximize Your Rewards with Everyday Purchases

The Bank of America Premium Rewards Credit Card offers an enticing two points for every dollar spent on travel and dining purchases. Furthermore, cardholders earn an unlimited 1.5 points per dollar on all other purchases—helping you accumulate rewards effortlessly. To make the most of this feature, focus on using your card for major categories like travel and dining to boost your point earnings significantly.

Valuable Airline and Travel Credits

Travel enthusiasts will relish in the card’s generous repayment schemes, with up to $100 in annual airline incidental credits. This can be applied toward baggage fees, seat upgrades, or even in-flight purchases, making your journey more enjoyable. To utilize this benefit, ensure you charge these incidental costs to your card and then enjoy the offsetting credit.

Exclusive Access to Preferred Rewards Program

Cardholders who qualify for the Preferred Rewards program can gain up to a 75% rewards bonus on every purchase. This perk can dramatically increase your points accrual and potentially unlock additional bonuses. To achieve eligibility, maintain a strong relationship with Bank of America by having a linked checking account and maintaining a minimum three-month average combined balance of $20,000 or more across your Bank of America and Merrill accounts.

Comprehensive Travel and Purchase Protection

Peace of mind is a built-in benefit of the Bank of America Premium Rewards Credit Card, offering extensive travel insurance and purchase protections. Cardholders benefit from trip delay reimbursement, lost luggage assistance, travel accident insurance, and even emergency evacuation coverage. Beyond travel, you can also take advantage of purchase protection and extended warranty benefits. Use these catered services by booking your travel and making eligible purchases with your card to ensure you’re covered in unforeseen circumstances.

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

With the Bank of America Premium Rewards Credit Card, cardholders can access a variety of intriguing benefits tailored for adept spenders. This card offers an impressive range of rewards options, particularly appealing to those who frequently travel or dine out. In addition to its notable lack of an annual fee, it also features a strong sign-up bonus that serves as an enticing incentive for new applicants.The rewards program encompasses 2 points for every dollar spent on travel purchases, including airline tickets, hotels, and car rentals, as well as 1.5 points on all other purchases. Additionally, these points can accumulate and be redeemed for a selection of travel-related expenses, effectively enhancing the overall experience for avid travelers.Another characteristic of the Premium Rewards Credit Card is the flexible redemption options it provides. Cardholders can choose to utilize their points for cash back, statement credits, or even gift cards—allowing for a tailored approach to rewards management. This flexibility suits different lifestyle preferences, ensuring a personalized experience.Moreover, cardholders also benefit from a suite of travel perks, including no foreign transaction fees, which can prove to be a significant saving for those traveling abroad. By offering these features, the Bank of America Premium Rewards Credit Card stands out as a compelling option for individuals seeking value in their financial choices. In addition, the level of customer service provided by Bank of America adds to the attractiveness of this card. With robust support and resources for cardholders, inquiries and issues are handled professionally and expediently, which further enhances the overall cardholder experience. This level of service, combined with the various rewards and benefits, fuels the motivation for prospective applicants to explore this credit card in greater depth.

Requirements for the Bank of America Premium Rewards Credit Card

• Credit Score: A good to excellent credit score, typically in the range of 670 to 850, is generally required to be eligible for the Bank of America Premium Rewards Credit Card. A higher score increases your chances of approval, potentially granting access to better terms and higher credit limits.
• Income Level: Applicants must demonstrate a stable income sufficient to meet the credit responsibilities associated with a premium credit card. While no specific amount is publicly stated, a moderate to high income can improve approval prospects.
• Proof of Identity: Valid identification such as a U.S. driver’s license or passport is necessary to verify identity and legal residency within the United States. This documentation ensures the security and accuracy of your application.
• Banking Relationship: Although not a strict requirement, having an existing relationship with Bank of America can enhance eligibility. Current customers may benefit from streamlined application processes or exclusive offers.
• Credit Report: A comprehensive review of your credit history will be conducted. Ensure that your credit report is free from major delinquencies to improve your approval odds. This showcases your creditworthiness and financial responsibility.

LEARN MORE DETAILS ABOUT 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

Begin your journey towards earning premium rewards by heading to the Bank of America official website. Navigate to the credit cards section, where you’ll discover a plethora of options designed to match various financial needs. Look specifically for the Premium Rewards Credit Card, a popular choice for those who travel frequently or simply enjoy the thrill of earning points on everyday purchases.

Step 2: Explore the Card Benefits and Requirements

Before committing, it’s essential to thoroughly review the benefits and requirements associated with the card. The Bank of America Premium Rewards Credit Card offers attractive incentives such as travel credits, points on purchases, and more. Ensure you meet the eligibility criteria, which typically include factors like credit score, income level, and U.S. residency status.

Step 3: Start the Application Process

Once satisfied with the card’s features, proceed by clicking on the ‘Apply Now’ button. This will direct you to the application form. Be prepared to supply personal details, including your income information, social security number, and contact information. Accuracy is key here; double-check all inputs to avoid any potential processing delays.

Step 4: Submit Your Application

After filling in your details, review your application once again. Once everything seems accurate, confidently click on the ‘Submit’ button. Bank of America typically delivers quick responses, so you might receive an approval decision instantly or within a few business days.

Step 5: Receive Your Credit Card

Upon approval, your shiny new Bank of America Premium Rewards Credit Card will be mailed to your address. Activate your card and embark on a rewarding financial experience. Remember to use it wisely to maximize the benefits and manage your credit responsibly.

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 benefits does the Bank of America Premium Rewards Credit Card offer?

The Bank of America Premium Rewards Credit Card provides a variety of enticing 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, the card offers up to $100 in airline incidental statement credits annually, plus up to $100 for TSA Pre✓® or Global Entry application fees. These features make it an attractive option for travelers and those who enjoy dining out.

Is there an annual fee associated with this credit card?

Yes, the Bank of America Premium Rewards Credit Card comes with a $95 annual fee. However, the potential rewards and benefits, such as travel credits and bonus points, might offset this cost for frequent travelers and spenders.

How can cardholders redeem their points?

Points accumulated with the Bank of America Premium Rewards Credit Card can be redeemed in several versatile ways. Cardholders have the option to redeem for cash back, statement credits, gift cards, or travel expenses through the Bank of America Travel Center. This flexibility allows you to utilize rewards in a manner that best suits your personal needs and lifestyle.

Are there any introductory offers for new cardholders?

New applicants of the Bank of America Premium Rewards Credit Card can earn a 50,000 online bonus points offer—that’s worth $500 as a statement credit toward travel or dining purchases. To qualify, cardholders must make at least $3,000 in purchases within the first 90 days of account opening. This introductory offer presents an attractive opportunity to maximize the value from the start.

Does this card have any foreign transaction fees?

One notable advantage of the Bank of America Premium Rewards Credit Card is that it doesn’t charge foreign transaction fees. This is particularly beneficial for international travelers, as it allows for seamless spending abroad without incurring additional costs.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on our platform. Her goal is to empower readers with practical advice and strategies for financial success.