Apply for Bank of America Premium Rewards Credit Card Easily
Seeking a credit card that combines flexibility, luxury, and a competitive rewards program? The Bank of America Premium Rewards Credit Card might be your perfect match. Designed with the savvy traveler and avid spender in mind, this card offers substantial benefits that can enhance your financial journey.
With the Premium Rewards Credit Card, you can earn up to 2 points per dollar spent on travel and dining purchases, and 1.5 points per dollar on all other purchases. Furthermore, enjoy a generous introductory bonus when you meet the minimum spending requirement. If you love to travel, this card also provides up to $100 in statement credits annually for airline incidental purchases and up to a $100 credit for TSA PreCheck or Global Entry.
Whether you’re traveling the world or managing day-to-day expenses, this card offers a blend of lucrative rewards and practical benefits tailored to enhance your lifestyle and financial management.
Unlocking the Benefits of the Bank of America Premium Rewards Credit Card
Earn Unlimited Rewards Points
With the Bank of America Premium Rewards Credit Card, cardholders earn unlimited 2 points for every $1 spent on travel and dining purchases, and 1.5 points for every $1 spent on all other purchases. This means your everyday expenses can quickly turn into rewards that you can use for travel, dining, or even cashback.
Tip: Maximize your point accumulation by using this card for all your dining and travel expenditures, including groceries, hotel stays, and flights.
Receive Statement Credits for Travel Expenses
This card offers up to $100 in statement credits for airline incidental fees each calendar year. This can cover a variety of travel costs, including luggage fees, seat upgrades, and even in-flight purchases, making it easier to manage trip expenses without straining your budget.
Tip: Plan your trips each calendar year with this credit in mind; it’s essentially free money for your travel needs.
Enjoy No Foreign Transaction Fees
For the globetrotting enthusiast, this credit card is a boon, as it comes with no foreign transaction fees on purchases made abroad. Whether you’re buying souvenirs in Paris or dining in Tokyo, you won’t have to worry about extra charges sneaking onto your bill.
Tip: Always choose to pay in the local currency of the country you’re visiting to avoid unnecessary conversion fees from merchants.
Access Exclusive Travel Benefits
The card provides access to Visa Signature Concierge services and offers perks at Visa Signature Luxury Hotels, including room upgrades and complimentary breakfasts when available. This can enhance your travel experiences with value-added amenities.
Tip: Call the Visa Signature Concierge ahead of your trip to plan exclusive experiences and ensure you’re taking full advantage of available hotel benefits.
LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
When considering the Bank of America Premium Rewards Credit Card, it’s important to understand how it stands out in the competitive landscape of credit cards. Below is a table that outlines some key advantages that this card offers:
| Advantages | Description |
|---|---|
| Generous Rewards Structure | Earn 2 points per dollar on travel and dining purchases and 1.5 points on all other purchases. |
| No Annual Fee in the First Year | Enjoy the benefits without the burden of annual fees for the first year, saving you money. |
This card is particularly appealing for those who frequently travel or dine out, as you can accumulate points quickly, making it easier to redeem for rewards like statement credits, travel expenses, or cash back. The initial fee waiver also provides a serendipitous opportunity to test the card without financial commitment. Additionally, the Premium Rewards Credit Card includes various perks such as trip cancellation insurance, purchase protection, and access to travel assistance services, further enhancing its value proposition. For anyone looking to maximize their spending, this card could be a remarkable choice.
Requirements to Apply for the Bank of America Premium Rewards Credit Card
- Credit Score: To qualify for the Bank of America Premium Rewards Credit Card, it’s generally recommended that applicants have a good to excellent credit score. This typically means having a FICO score of at least 670.
- Proof of Income: As part of the application process, you may be required to provide documentation proving your income. This helps ensure that you can meet the card’s payment obligations. Examples include recent pay stubs or tax returns.
- Age Requirement: You must be at least 18 years old. However, the legal age may increase to 21 if you are applying by yourself, without a co-signer, and cannot demonstrate the ability to repay based on your income.
- U.S. Residency: It’s essential to be a U.S. citizen or a permanent resident with a valid Social Security Number to apply for this credit card. This requirement is in place to verify your identity and credit history.
- Bank Relationship: While not required, having an existing relationship with Bank of America could potentially enhance your approval odds, as the bank values longstanding customer relationships.
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How to Apply for the Bank of America Premium Rewards Credit Card
Step 1: Visit the Bank of America Website
The first step in applying for the Bank of America Premium Rewards Credit Card is to go online and visit the Bank of America official website. You can do this conveniently from your computer or mobile device. Once you are on the website, look for the credit cards section, which usually features a range of credit card options including the Premium Rewards Credit Card.
Step 2: Review Card Details and Benefits
Before applying, it’s crucial to understand what this credit card offers. Click on the Premium Rewards Credit Card to see detailed information about its rewards program, interest rates, and any associated fees. This is an important step to ensure the card aligns with your financial needs and spending habits. Familiarize yourself with the terms and conditions to avoid any surprises later on.
Step 3: Check Your Eligibility
Ensuring you meet the eligibility requirements is key before proceeding with the application. Generally, this includes having a valid social security number, being at least 18 years old, and having a good to excellent credit score. Bank of America may also require information about your income and employment status. Checking your eligibility ahead of time can save you time and avoid potential denials.
Step 4: Complete the Application Form
Once you are ready, click on the “Apply Now” button to proceed to the application form. Fill out the required fields with accurate personal information, including your name, address, and financial details. Double-check all entries to ensure there are no mistakes. This part of the process is crucial since errors can delay the approval process.
Step 5: Submit Your Application and Await Approval
After reviewing your information for accuracy, submit your application. You might receive a decision almost instantly; however, sometimes it can take a few days as further review might be necessary. Look out for any communications from Bank of America via email or post regarding your application status. If approved, your new Bank of America Premium Rewards Credit Card will be mailed to you, and you can begin enjoying your rewards and benefits once activated.
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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 several attractive benefits. Cardholders can earn 2 points per $1 spent on travel and dining purchases and 1.5 points per $1 spent on all other purchases. Additionally, the card provides up to $100 in airline incidental credits annually, which can be used for things like seat upgrades or baggage fees. As a Bank of America customer with eligible accounts, you might be eligible for up to a 75% rewards bonus.
Is there an annual fee for the Bank of America Premium Rewards Credit Card?
Yes, there is an annual fee of $95. However, the rewards and benefits can easily offset this fee if you use the card frequently, especially for travel and dining purchases. The potential airline incidental credits and potential rewards bonuses can add significant value to justify the annual fee.
Does the Bank of America Premium Rewards Credit Card have foreign transaction fees?
No, the card does not charge any foreign transaction fees, making it an excellent choice for international travelers. You can use your card abroad without worrying about additional charges on overseas purchases, which can lead to significant savings during travel.
How can I redeem the points earned with the Bank of America Premium Rewards Credit Card?
Points earned with the Bank of America Premium Rewards Credit Card are flexible and can be redeemed for several options, including statement credits, deposits into eligible Bank of America or Merrill accounts, travel, and gift cards. This flexibility allows you to choose the option that best suits your needs and financial goals.
