How to Apply for Bank of America Premium Rewards Credit Card

Unlock a world of possibilities with the Bank of America Premium Rewards Credit Card, designed for those who seek both luxury and exceptional value. This credit card offers a range of benefits that cater to the savvy traveler and the diligent spender alike. With the potential to earn rewards on every purchase, you’ll find this card as a versatile companion for both everyday use and extraordinary adventures.

Imagine earning unlimited 2 points for every dollar spent on travel and dining, and 1.5 points per dollar on all other purchases. Plus, cardholders can enjoy added perks such as travel credits and no foreign transaction fees, making it an ideal choice for international journeys. Whether you’re planning a dream vacation or looking to maximize everyday purchases, this card serves both needs with ease. Discover how this tool can enhance your financial strategy and fit into your lifestyle seamlessly.

Benefits of the Bank of America Premium Rewards Credit Card

Earn Rewards with Every Purchase

With the Bank of America Premium Rewards Credit Card, you can earn unlimited rewards points on every purchase. Earn 2 points for every $1 spent on travel and dining purchases, and 1.5 points for every $1 spent on all other purchases. To maximize your points, use the card for everyday expenses like groceries, gas, and dining out.

Receive Travel and Dining Credits

This credit card offers up to $100 in airline incidental credits annually, which can be used for things like baggage fees and seat upgrades. Additionally, enjoy a $100 Global Entry or TSA PreCheck statement credit every four years when you use the card for your application fee. These credits can make travel not only more enjoyable but more affordable, especially if you travel frequently.

Get Enhanced Security and Fraud Protections

When shopping with the Bank of America Premium Rewards Credit Card, you benefit from robust security features, including zero liability protection in the case of unauthorized transactions. Setting up alerts and monitoring your account regularly can help you maintain peace of mind while keeping your finances secure.

Enjoy No Foreign Transaction Fees

For those who travel internationally, this card waives foreign transaction fees, making it a perfect companion on abroad trips. Be sure to use your card for overseas purchases to take full advantage of this benefit and save on extra charges.

LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

The Bank of America Premium Rewards Credit Card offers compelling benefits tailored for those who enjoy traveling and dining. As a cardholder, you will accrue points rapidly, making it easier to earn rewards that can be redeemed for various travel experiences or cash back. The sign-up bonus provides an exceptional opportunity for new customers to boost their rewards, making it an attractive option for anyone looking to maximize their spending power. Additionally, the card features no annual fee for the first year, which presents a unique chance to utilize its benefits without incurring costs. Whether you’re looking to enhance your travel experience or enjoy dining out, the Premium Rewards Credit Card empowers you to do so while reaping valuable rewards.

Requirements to Apply for the Bank of America Premium Rewards Credit Card

• An essential requirement is having a good to excellent credit score. Typically, this means a FICO score of 670 or above. Establishing a solid credit history can improve your chances of approval.
• You must be at least 18 years of age to apply. For residents of Puerto Rico, the age requirement is 21 years.
• Prepare to provide documentation that verifies your annual income. This helps demonstrate your ability to manage monthly payments, ensuring you can meet the bank’s financial criteria.
• A Social Security Number or an ITIN is necessary. This is required to validate your identity and credit profile during the application process.
• The card demands proof of U.S. citizenship or residency status. This typically involves providing a valid home address within the United States.

SEE HOW TO GET YOUR 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 or a Local Branch

To start your application for the Bank of America Premium Rewards Credit Card, you have two convenient options. You can either visit the official Bank of America website or head to a local branch. By going online, you can quickly access the application page. Alternatively, visiting a local branch allows you to speak with a representative who can guide you through the process in person.

Step 2: Start Your Online Application

Once on the Bank of America’s website, locate the section dedicated to credit cards. Find the Premium Rewards Credit Card page and click on the “Apply Now” button. This will lead you to the application form. Here, you’ll need to provide personal information such as your name, address, and Social Security number. Be sure all information is accurate to avoid any issues.

Step 3: Review the Terms and Conditions Carefully

Before you submit your application, take the time to review the credit card’s terms and conditions. Understand the interest rates, annual fees, and any rewards programs offered. Knowing these details is crucial as they affect how you use and benefit from the card. If you have any questions or concerns, don’t hesitate to seek clarification.

Step 4: Submit Your Application

After reviewing all the information, proceed to submit your application. Once submitted, you will receive a confirmation message or email that your application was received. The bank will then begin their review process. This may involve a credit check, so ensure your credit information is in good shape ahead of time to increase your chances of approval.

Step 5: Await Approval and Receive Your Card

The approval process for your credit card can take a few days. If approved, you will receive your new Bank of America Premium Rewards Credit Card in the mail. Once received, activate it following the instructions provided, and you’re ready to start enjoying your premium rewards.

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 are the rewards associated with the Bank of America Premium Rewards Credit Card?

The Bank of America Premium Rewards Credit Card offers substantial rewards for its users. Cardholders earn 2 points per dollar on travel and dining purchases and 1.5 points per dollar on all other purchases. These points can be redeemed for travel, cashback, or gift cards, allowing you to choose the option that best suits your needs.

Does the Bank of America Premium Rewards Credit Card offer any travel perks?

Yes, this card provides several travel-related benefits. You receive up to $100 in airline incidental statement credits annually, which can be used for expenses such as seat upgrades, baggage fees, and in-flight purchases. Additionally, cardholders can receive up to a $100 credit for Global Entry or TSA Pre✓® to expedite airport security checks, perfect for frequent travelers.

Is there an annual fee for this credit card?

Yes, the Bank of America Premium Rewards Credit Card has a $95 annual fee. However, the rewards and benefits offered can offset this cost, especially if you take advantage of the travel credits and other features the card provides.

Who would benefit the most from using the Bank of America Premium Rewards Credit Card?

This card is ideal for individuals who frequently travel or dine out, as it offers higher rewards rates in these categories. Additionally, if you are a Bank of America Preferred Rewards member, you can earn a points bonus of 25% to 75% on every purchase, making it particularly rewarding for loyal Bank of America customers who can maximize the card’s benefits.

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 the our platform. Her goal is to empower readers with practical advice and strategies for financial success.