How to Apply for the Bank of America Premium Rewards Credit Card
Unlock a world of exclusive perks and financial flexibility with the Bank of America Premium Rewards Credit Card, a top choice for savvy consumers. Whether you’re a frequent traveler or someone looking to maximize everyday spending, this card is designed to provide excellent returns on your expenses. With the potential to earn unlimited 2 points for every dollar spent on travel and dining, and 1.5 points per dollar on all other purchases, it offers a straightforward way to accumulate rewards.
Moreover, cardholders can enjoy a range of benefits tailored for the modern lifestyle, including travel credits and robust security features. Imagine using the annual $100 travel credit for flight upgrades or baggage fees, enhancing your travel experiences. Get ready to embark on a rewarding journey as we guide you through the simple process of applying for this beneficial credit card.
Benefits of the Bank of America Premium Rewards Credit Card
1. Earn Unlimited Points on Every Purchase
The Bank of America Premium Rewards Credit Card allows you to earn unlimited points on every purchase you make. For every dollar spent, you get 2 points on travel and dining, and 1.5 points on all other purchases. This means that no matter where you’re spending—be it at your favorite restaurant or on everyday grocery shopping—you’re consistently racking up rewards points.
Tip: Focus on using your card for travel and dining expenses, where you gain the most points. By doing so, your rewards accumulate much faster, turning everyday spending into valuable perks.
2. Enjoy a Generous Welcome Offer
New cardholders are eligible for a generous welcome bonus after meeting the minimum spending requirement within the first 90 days of account opening. This can give your reward points a significant boost, right when you start using the card.
Tip: Plan to use your card for larger purchases or consolidate your expenses to meet the spending threshold quickly, unlocking that welcome bonus faster.
3. Travel Perks and Credits
Whether you’re flying across the country or globe-trotting, the card offers up to $100 in Airline Incidental Credits annually, which can be used for purchases such as baggage fees. Additionally, the card provides credit for Global Entry or TSA PreCheck application fees, ensuring smoother and more affordable travel experiences.
Tip: Frequent travelers should definitely apply for Global Entry or TSA PreCheck using the included credit since this will ease airport experiences, acting as a time-saving boon over the long term.
4. No Foreign Transaction Fees
When traveling abroad, the Bank of America Premium Rewards Credit Card won’t charge you foreign transaction fees. This can save you a significant amount over time as even small percentages add up with each purchase.
Tip: Plan to use your card for foreign travels extensively. Not only will you avoid extra charges, but you’ll also keep earning points on every purchase, ensuring that your international adventures are rewarding in every sense.
GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE
| Feature | Details |
|---|---|
| Sign-Up Bonus | Earn a significant bonus after spending a certain amount in the first 90 days. |
| Rewards Program | Get 3 points per dollar on travel and dining purchases, and 1.5 points on all other purchases. |
The Bank of America Premium Rewards Credit Card stands out due to its attractive sign-up bonus, which allows new cardholders to earn a substantial number of points when they meet the specified spending threshold within the first three months. This bonus can significantly enhance your rewards earnings right from the start.Additionally, the card’s rewards program is designed to provide ongoing value to cardholders. With the ability to earn 3 points for every dollar spent on travel and dining, it is an excellent choice for individuals who frequently enjoy dining out or traveling. For other everyday purchases, cardholders will still benefit from 1.5 points per dollar, ensuring that you are consistently rewarded for your spending. This balance makes the card a flexible option for a variety of spending habits, appealing to both casual users and more frequent travelers.
Requirements to Apply for Bank of America Premium Rewards Credit Card
- Minimum Credit Score: To apply for the Bank of America Premium Rewards Credit Card, you typically need to have a good to excellent credit score. This generally means having a score of 670 or higher, though requirements may vary slightly.
- Minimum Income: While there is no officially specified minimum income requirement, having a stable and sufficient income source is crucial to qualify. This helps prove your ability to manage credit card payments.
- U.S. Residency: You must be a resident of the United States, possessing either citizenship or legal residency, to be eligible. Bank of America, like most banks, requires proof of residency during the application process.
- Age Requirement: Applicants need to be at least 18 years old to apply. You may be required to provide proof of age during the application process.
- Bank of America Account: While not a strict requirement, having an existing account with Bank of America could be beneficial. Existing customers may find the application process more streamlined.
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
To begin your application for the Bank of America Premium Rewards Credit Card, start by navigating to the official Bank of America website. You can do this by entering the URL in your web browser or conducting a quick online search for “Bank of America Premium Rewards Credit Card”. Once there, you’ll be able to explore the card’s features and benefits.
Step 2: Check the Eligibility Requirements
Before applying, ensure that you meet the necessary eligibility requirements. As a U.S. resident, you’ll need to be at least 18 years old and possess a valid Social Security Number. Additionally, having a good to excellent credit score will support your application. If you’re uncertain about your credit rating, you may want to check your credit score beforehand.
Step 3: Prepare Your Personal Information
Gather all the required personal information to streamline your application process. Typically, this includes your full name, date of birth, residential address, contact details, employment information, and annual income. Having these details at your fingertips will make the application smoother and quicker.
Step 4: Complete the Online Application Form
Once you’ve reviewed the requirements and gathered your information, locate the ‘Apply Now’ button on the credit card page and click it. Fill out the online application form thoroughly, making sure to double-check the accuracy of the information you provide. Providing accurate information is crucial to preventing any delays in the approval process.
Step 5: Submit Your Application and Await Approval
After carefully reviewing your filled application for errors or omissions, go ahead and submit it. Typically, you should receive a decision quickly—often within a few minutes. However, some applications might require additional review, in which case you will receive an update from the bank regarding your application status.
Remember to keep an eye on your email or the contact number you provided for updates about your application status. With patience and thoroughness, you’ll increase your chances of successfully obtaining your new credit card.
VISIT THE WEBSITE TO LEARN MORE
Frequently Asked Questions about the Bank of America Premium Rewards Credit Card
What are the main benefits of the Bank of America Premium Rewards Credit Card?
The Bank of America Premium Rewards Credit Card offers a variety of benefits designed to reward your spending. One key advantage is earning 2 points per dollar on travel and dining purchases, and 1.5 points per dollar on all other purchases. Additionally, cardholders can receive up to $100 in airline incidental statement credits annually, which can be used for expenses such as baggage fees or in-flight purchases. The card also comes with a Travel and Emergency Assistance Service, providing peace of mind when traveling abroad.
Is there an annual fee for the Bank of America Premium Rewards Credit Card?
Yes, the card has an annual fee of $95. While there is a cost associated with owning this card, the rewards, credits, and travel benefits can offer substantial value that may offset this fee, particularly for those who travel frequently or dine out often.
How can I redeem the points earned with this credit card?
Points earned with the Bank of America Premium Rewards Credit Card are highly flexible. You can redeem them for a wide range of options, including travel through the bank’s portal, statement credits, cash back, or gift cards. There are no blackout dates when redeeming for travel, making it a convenient choice for those who prioritize flexibility and ease of use.
Does the Bank of America Premium Rewards Credit Card offer any travel protections?
Yes, the card provides several travel-related protections. It includes Trip Cancellation/Interruption Insurance, which allows you to claim non-refundable expenses in case your trip is unexpectedly canceled or interrupted. There’s also a Lost Luggage Reimbursement feature that covers you if your checked or carry-on luggage is lost or delayed. Plus, through the Travel and Emergency Assistance, cardholders can access medical, legal, and travel assistance services while traveling far from home.
Are there foreign transaction fees with the Bank of America Premium Rewards Credit Card?
No, the Bank of America Premium Rewards Credit Card does not charge foreign transaction fees, making it an excellent choice for international travelers who want to avoid extra charges on foreign currency transactions. This feature helps you save money on any purchases you make while abroad.
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.
