Bank of America® Premium Rewards® Credit Card


The Bank of America® Premium Rewards® Credit Card is ideal for travelers. It offers travel insurance protections and access to the Visa Signature® Luxury Hotel Collection and the Visa Signature® Concierge service, as well as other travel perks including up to $200 in travel statement credit rewards.

You’ll also get 2X points per dollar for all travel and dining purchases, and 1.5X points per dollar on all other purchases.

You have the option to receive 50,000 bonus points after you make at least $3,000 in purchases in the first 90 days of account opening.

This card has a $95 annual fee.

Card Quick Facts

Card Quick Facts

  • 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 Edge® and Merrill Lynch® 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

Manage My Card

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Card Details

Rewards

Rewards

  • 2X points per dollar for:
    • Travel
    • Dining
  • 1.5X points per dollar for all other purchases

Introductory Bonus

  • 50,000 bonus points for spending $3,000 in the first 90 days
Card Stats

Card Stats

Annual Fee $95
Additional Cards Annual Fee -
Regular Purchase APR 18.24%–25.24% Variable
Intro Purchase APR -
Foreign Transaction Fee None
Chip Technology Chip-and-Signature & Chip-and-PIN
Minimum Credit Limit $5,000
Maximum Credit Limit -
Free Credit Score Yes
Penalty APR Up to 29.99% Variable
Late Fee Up to $39
Returned Payment Fee Up to $28
Balance Transfers

Balance Transfers

Intro Balance Transfer APR -
Regular Balance Transfer APR 18.24%–25.24% Variable
Balance Transfer Fee 3%, $10 minimum
Cash Advances

Cash Advances

Cash Advance APR 21.24%–27.24% Variable
Cash Advance Fee See Terms

Card Benefits

Check your card’s Guide to Benefits to learn the specific benefits your card offers and how to access them.

  • Visa Signature® Concierge Service

    Get 24/7 help with any non-emergency tasks, like making dining reservations or getting travel information

  • Free FICO® Credit Score

    View your FICO Score 8 any time you’d like at no cost and without hurting your credit score. Based on your TransUnion credit report

  • Visa Signature® Luxury Hotel Collection

    Enjoy an exclusive set of benefits when you use your Premium Rewards card to book through the Visa Signature Luxury Hotel Collection

  • $100 Airline Incidental Statement Credit

    You can get up to $100 in Airline Incidental Statement Credit annually for qualifying purchases like seat upgrades, baggage fees, in-flight services, and airline lounge fees – automatically applied to your card statement

  • Airport Security Statement Credit

    Receive up to $100 Airport Security Statement Credit towards TSA Pre✓ ® or Global Entry Application fee, every four years

  • $0 Fraud Liability Guarantee

    Cardholders are not held responsible for fraudulent transactions on this card.

  • Purchase Security

    Can repair, replace or reimburse you, if an eligible item purchased with the card is stolen or damaged within 90 days of purchase. Provides reimbursement of up to $10,000 per claim.

  • Purchase Protection

    Doubles the time period of the manufacturers’ warranty, up to one additional year, for eligible items purchased with your card.

  • Return Protection

    Provides you with reimbursement for the cost of an eligible item of personal property if you are dissatisfied with the item for any reason within 90 days of the purchase and if the retailer will not accept the return. Coverage is limited to $250 per eligible item and up to $1,000 annually. Items must be in like-new/good working condition.

  • Online Shopping Security

    Use the free and easy ShopSafe® service when you shop online to generate a temporary credit card number so your real card number remains completely private and protected.

  • Trip Cancellation / Trip Interruption Insurance

    If a trip is disrupted for an eligible reason, provides reimbursement for up to $5,000 per person, per trip for non-refundable costs including passenger fares, tours, and hotels if you have to cancel.

  • Trip Delay Reimbursement

    If a trip is delayed by over 12 hours, provides reimbursement for expenses like meals and lodging, up to $500 per ticket.

  • Baggage Delay Insurance

    Reimbursement for purchases such as toiletries and clothing when baggage delays go beyond 6 hours by a common carrier; up to $100 a day for 5 days.

  • Lost Luggage Reimbursement

    Provides coverage for luggage if they are lost or stolen due to theft or misdirection by the common carrier.

  • Common Carrier Travel Accident Insurance

    Provides coverage against accidental loss of life, limb, or sight while traveling by land, air, or sea on a licensed common carrier, when tickets are purchased using your card.

  • Travel and Emergency Assistance Services

    Helps you by coordinating medical, legal, and travel services when you are traveling.

  • Emergency Evacuation and Transportation Coverage

    If you or a member of your immediate family are injured or become sick during a trip far from home that results in an emergency evacuation, you may be eligible for medical services and transportation.

  • Auto Rental Collision Damage Waiver

    Provides you reimbursement for damage due to collision or theft. Coverage is supplemental to and in excess of other insurance. You must decline the collision/loss damage waiver offered by the auto rental agency.

  • Roadside Dispatch Program

    Offers you a 24/7 on-demand referral dispatch network that provides emergency roadside assistance, towing, and locksmith services.

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