How to Apply for Bank of America Premium Rewards Credit Card

Are you looking to elevate your credit card experience with premium rewards and exclusive benefits? The Bank of America Premium Rewards Credit Card might be the perfect fit for you. Designed for those who seek more from their credit card, this product offers impressive incentives and security features that cater to a diverse range of lifestyles.

With this card, you can enjoy unlimited 2 points for every dollar spent on travel and dining and 1.5 points for all other purchases. Travel enthusiasts will appreciate the annual statement credits, while savvy spenders can truly capitalize on maximizing reward points. Additionally, protective features such as travel insurance and purchase protection instill confidence in every transaction.

Applying for the Bank of America Premium Rewards Credit Card is an essential step toward reaping these versatile benefits. Ready to learn more about how you can get started? Dive into our guide to understand the application process and discover if this rewarding card is right for you.

Benefits of the Bank of America Premium Rewards Credit Card

Earn Reward Points on Every Purchase

With the Bank of America Premium Rewards Credit Card, you can accumulate reward points effortlessly on every purchase. For every dollar you spend, you’ll earn 2 points on travel and dining purchases, and 1.5 points on all other purchases. These points can be redeemed for a variety of options such as travel credits, cash, or gift cards. To maximize your rewards, consider using your card for everyday expenses and larger purchases whenever possible.

Annual Travel Credit

This card provides up to $100 in travel statement credits annually, which can be used for incidental airline fees such as baggage charges or in-flight purchases. To make the most of this benefit, plan your trips while keeping an eye on the airline fees, ensuring you utilize the full credit each year. It’s an effective way to reduce travel costs significantly.

No Foreign Transaction Fees

If you frequently travel abroad or shop online from international retailers, this card has you covered. The Bank of America Premium Rewards Credit Card does not charge foreign transaction fees, which usually range around 3% on every transaction in a foreign currency. This can lead to substantial savings over time for frequent travelers.

High Purchase Protection

Enjoy peace of mind with the comprehensive purchase protection offered by this card. Purchases made with the card are covered against damage and theft for a specified period, and you can also benefit from an extended warranty protection which further secures your high-value purchases. Keep your purchase receipts and any related documents organized in case you need to file a claim.

Access to Concierge Services

As a cardholder, you gain access to 24/7 concierge services to assist with anything from dining reservations to event ticket purchases. This service adds a touch of convenience, allowing you to manage your busy lifestyle more effectively. Make sure to utilize these personalized services to enhance your daily experiences effortlessly.

GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE

The Bank of America Premium Rewards Credit Card is designed with savvy travelers in mind. With a focus on maximizing rewards for everyday spending, this card offers a robust points system. The unlimited 2x points on travel and dining are particularly advantageous for those who often use these services. Additionally, the sign-up bonus presents an enticing opportunity to quickly accumulate points for future travels or purchases.Another attractive feature is the flexibility of redeeming points. Cardholders can easily book travel directly with the bank, or they may choose to redeem their points for cash back, gift cards, and more. The combination of high rewards rates, generous bonuses, and multiple redemption options makes this card a valuable asset for anyone looking to enhance their financial experience while enjoying their routines.Moreover, the card is equipped with various benefits, including travel insurance, no foreign transaction fees, and access to exclusive travel deals. These features contribute to a seamless travel experience, ensuring that cardholders feel secure while exploring the world. The Bank of America Premium Rewards Card not only aims to reward users but also seeks to provide added value in terms of safety and savings during travel. Understanding the full scope of benefits is essential for maximizing the advantages of this credit card.

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

• Good to Excellent Credit Score: Applicants typically need a credit score of 670 or above to improve their chances of approval. It’s important to check your credit score before applying to assess your eligibility.
• Proof of Income: You’ll need to provide documentation that verifies your income, such as pay stubs, tax returns, or bank statements. This helps demonstrate your ability to pay off your credit card balance.
• Age Requirement: You must be at least 18 years old to apply for the Bank of America Premium Rewards Credit Card.
• Legal U.S. Residency: Applicants must have a valid Social Security Number (SSN) and be a legal resident of the United States. This verifies your identity and residency status.
• Bank of America Relationship: While not mandatory, having an existing relationship or account with Bank of America might enhance your application, as some benefits are maximized for existing customers.

SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

How to Apply for Bank of America Premium Rewards Credit Card

Step 1: Visit the Bank of America Website

To begin the application process for the Bank of America Premium Rewards Credit Card, navigate to the official Bank of America website. You can do this by entering ‘Bank of America Premium Rewards Credit Card’ into your preferred search engine, or directly typing in the URL. Once on the homepage, locate the credit cards section, where you will find detailed information about the Premium Rewards Credit Card.

Step 2: Review the Credit Card Benefits and Terms

Before applying, it’s essential to understand the benefits and terms associated with the card. This particular credit card offers a range of rewards and features, so ensure you read the promotional material carefully. Take note of the annual fee, APR, and any reward structures. Understanding these details will help you determine if this card aligns with your financial needs and spending habits.

Step 3: Start the Online Application Process

Once you’re ready to apply, locate the application button on the credit card’s webpage. Click it to start the online application process. You’ll need to provide personal information, such as your full name, address, Social Security number, employment details, and annual income. Make sure to fill out each section accurately, as inaccuracies can delay your application or impact approval.

Step 4: Review and Submit Your Application

After completing the application form, review all the information you have entered to ensure its accuracy. Correct any discrepancies you find before submitting. This step is crucial because even minor errors can affect the decision. Once you are satisfied with the information, click the submit button to send your application for review.

Step 5: Await Approval and Receive Your Card

After submission, Bank of America will review your application. This process may take a few minutes to a few days. If approved, you will receive information on your new credit limit and terms agreement. Your card will be mailed to your address within a few business days. In the meantime, you may receive notifications via email regarding the status of your application.

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 several outstanding benefits. Cardholders can earn unlimited 2 points for every dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. Additionally, if you are a Bank of America Preferred Rewards client, you can earn a points bonus of up to 75%. This card also provides up to $100 in airline incidental statement credits annually, making it advantageous for frequent travelers.

Is there an annual fee for the Bank of America Premium Rewards Credit Card?

Yes, the Bank of America Premium Rewards Credit Card has an annual fee of $95. While there is a fee, the rewards and benefits offered often outweigh the cost for those who take advantage of the card’s features, especially frequent travelers and diners.

Does the Bank of America Premium Rewards Credit Card offer any introductory bonuses?

New cardholders can earn a substantial introductory bonus. After spending $3,000 in purchases within the first 90 days of opening the account, you can receive 50,000 online bonus points, which is equal to a $500 value. This makes the card especially appealing at the start of your journey with it.

What travel protections does the card offer?

This card offers robust travel and purchase protections, including trip delay reimbursement, lost luggage reimbursement, and trip cancellation coverage. These features are designed to provide peace of mind when traveling, ensuring that unforeseen disruptions don’t become financial burdens.

How can I maximize my rewards with this card?

To maximize your rewards, focus your spending on travel and dining purchases, as you earn double points in these categories. Additionally, if you qualify for the Preferred Rewards program, your points earning potential can increase by up to 75%, allowing you to accumulate rewards faster. Always remember to pay off your balance in full each month to avoid interest fees, which can offset the value of your rewards.

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.