How to Apply for a Bank of America Premium Rewards Credit Card Today
Unlock a world of rewarding experiences with the Bank of America Premium Rewards Credit Card, designed for those who seek both value and flexibility. This card offers more than just purchasing power; it’s your gateway to a host of benefits that suit both everyday spending and travel needs. Earn unlimited 2 points for every dollar spent on travel and dining and 1.5 points per dollar on all other purchases, maximizing your rewards with every swipe.
Perfect for the jet-setter or the occasional traveler, this card not only enhances your shopping experience but also elevates your travel adventures. Enjoy peace of mind with access to perks like no foreign transaction fees, comprehensive travel insurance, and a $100 travel credit that can be applied towards various travel expenses. Dive into the details to discover how you can seamlessly integrate this card into your financial strategy and how simple it is to apply today.
Key Benefits of the Bank of America Premium Rewards Credit Card
1. Earn Unlimited Rewards Points
The Bank of America Premium Rewards Credit Card allows you to earn unlimited rewards points on every purchase. For instance, enjoy 2x points on travel and dining and 1.5x points on all other purchases. This means whether you’re buying groceries or booking a flight, you’re accumulating points that can be redeemed for travel, cashback, or gift cards.
Tip: Try to consolidate your travel and dining purchases onto this card to maximize your points earnings.
2. Travel Perks and Protections
This card offers a variety of travel-related benefits that can make your trips more enjoyable and less stressful. You can receive up to $100 in statement credits for airline incidental fees like checked bags and in-flight refreshments. Additionally, it includes travel insurance options such as trip delay reimbursement, lost luggage reimbursement, and travel accident insurance.
Tip: Remember to pay for your travel expenses with this card to take advantage of these protection benefits.
3. No Foreign Transaction Fees
For those who frequently travel internationally, the absence of foreign transaction fees with this card can result in significant savings. This feature allows you to make purchases abroad without incurring extra charges just for using your credit card.
Tip: Take advantage of this benefit by using your card for all purchases abroad to avoid high currency conversion fees imposed by some other cards.
4. Sign-Up Bonus Offer
New cardholders can take advantage of a generous sign-up bonus. Earn 50,000 online bonus points after you make at least $3,000 in purchases in the first 90 days—equivalent to a $500 value toward travel purchases. This initial bonus can kickstart your rewards accumulation and offer substantial initial value.
Tip: Plan your spending to qualify for the sign-up bonus without stretching your budget. Consider using the card for major planned purchases or necessities like bills.
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| Advantage | Details |
|---|---|
| Rewards Earned | Earn 3 points on travel and dining, providing excellent value. |
| Sign-up Bonus | Receive a generous introductory bonus after spending a certain amount in the first 90 days. |
The Bank of America Premium Rewards Credit Card offers numerous valuable features that cater to the needs of its users. One of its standout advantages is the rewards earned on different types of purchases. With this card, you earn an impressive 3 points for every dollar spent on travel and dining, making it an attractive option for frequent travelers and food enthusiasts alike. These points can accumulate quickly, enhancing the overall benefits of your expenses.Another notable feature is the sign-up bonus. New cardholders can enjoy a significant introductory bonus after meeting certain spending requirements within the first 90 days of account opening. This bonus can effectively boost your rewards and help you get even more value from your purchases, creating an enticing opportunity for anyone considering this credit card. Such benefits ensure that the Premium Rewards Credit Card stands out in a competitive market, making it a worthwhile consideration for consumers looking to maximize their rewards.
Requirements for the Bank of America Premium Rewards Credit Card
- Minimum Age: You must be at least 18 years old (19 in some states) to apply for the Bank of America Premium Rewards Credit Card.
- Credit Score: A good to excellent credit score is typically recommended. This generally means a score of 670 or higher. A higher credit score can increase your chances of approval and better terms.
- U.S. Residency: You need to be a U.S. resident with a valid Social Security Number or Individual Taxpayer Identification Number (ITIN) to be eligible for this card.
- Income Verification: Documented proof of income or employment may be required to demonstrate your ability to manage credit card payments.
- Previous Banking Relationship: Having an established relationship with Bank of America, such as a checking or savings account, may improve your chances of approval.
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How to Apply for the Bank of America Premium Rewards Credit Card
Step 1: Access the Bank of America Website
Begin your application process by visiting the Bank of America website. Navigate to the Credit Cards section, where you will find an overview of available cards. Look for the Premium Rewards Credit Card option. This is where you’ll start your journey to accessing the benefits offered by the credit card.
Step 2: Review Card Details
Before proceeding with the application, take a moment to review the card details. Pay close attention to information such as the rewards program, interest rates, and any applicable fees. Understanding the benefits and obligations of the card will equip you with the knowledge needed to make an informed decision. If everything looks good to you, continue to the next step.
Step 3: Prepare Necessary Information
Gather the necessary personal and financial information before you start your application. This will include your Social Security Number, personal identification such as a driver’s license, and details about your employment and income. Having this information ready will ensure a smooth application process.
Step 4: Complete the Online Application Form
On the Bank of America website, click on the Apply Now button for the Premium Rewards Credit Card. You will be directed to an online application form. Fill out all required fields accurately, ensuring that your information matches your official documents. Once completed, review your application carefully for any errors and submit your form.
Step 5: Await Approval and Receive Your Card
After submitting your application, you will need to wait for approval. Bank of America may reach out for additional information if needed, so keep an eye on your email and phone. Upon approval, you will receive your Bank of America Premium Rewards Credit Card via mail. Activate your card as instructed, and you’re ready to enjoy your new benefits!
SIGN UP 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 offers a variety of benefits, including unlimited 2 points for every dollar spent on travel and dining purchases and 1.5 points for every dollar spent on all other purchases. As a cardholder, you can also enjoy up to $100 in airline incidental statement credits annually, and up to $100 for Global Entry or TSA PreCheck application fee reimbursement. These features are designed to enhance your travel experience and offer greater value.
Is there an annual fee for the Bank of America Premium Rewards Credit Card?
Yes, there is an annual fee of $95 for the Bank of America Premium Rewards Credit Card. This fee is relatively low compared to other premium cards and is often offset by the extensive rewards and benefits you receive, especially if you frequently travel or dine out.
How does the rewards program work with this credit card?
The rewards program for the Bank of America Premium Rewards Credit Card allows you to earn points that can be redeemed in various ways. You earn unlimited 2 points per dollar on travel and dining expenses and 1.5 points per dollar on other purchases. Your points can be redeemed for a statement credit, cash back, or travel purchases. Additionally, if you’re a Bank of America Preferred Rewards client, you can earn 25% to 75% more points on every purchase, maximizing your rewards potential.
What credit score is needed to get approved for this credit card?
Typically, a good to excellent credit score is necessary to qualify for the Bank of America Premium Rewards Credit Card, usually falling within a range of 700 to 750 or higher. However, approval depends on several factors beyond your credit score, including your income, overall credit history, and current debt levels.
Are there any foreign transaction fees with the Bank of America Premium Rewards Credit Card?
No, there are no foreign transaction fees when you use the Bank of America Premium Rewards Credit Card for purchases made outside the United States. This is an excellent benefit for frequent travelers, as it helps you save money while making international purchases.
