How to Apply for Bank of America Premium Rewards Credit Card
Looking to maximize your travel and dining experiences while enjoying additional perks? The Bank of America Premium Rewards Credit Card might be your perfect match. This card is designed for those who want to earn significant rewards on everyday spending, with the added benefit of flexibility in how those rewards can be redeemed.
With the opportunity to earn unlimited 2 points for every dollar spent on travel and dining, and 1.5 points on all other purchases, it offers a straightforward rewards structure that benefits both frequent travelers and everyday spenders. Cardholders can also enjoy up to $100 in annual airline incidental credits, which can help offset costs for eligible expenses like seat upgrades and baggage fees.
Additionally, the card provides extensive travel and purchase protections, ensuring peace of mind during your journeys. If you’re ready to explore a world of rewards, read on to find out how you can apply for this enticing credit card and start reaping the benefits today.
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, you can enjoy the advantage of earning unlimited points with every purchase. Earn 2 points for every dollar spent on travel and dining purchases, and 1.5 points per dollar on all other purchases. These points never expire, which means you can accumulate them to use when you need them most. For instance, if you frequently travel for business or leisure, this card can significantly offset those expenses by allowing you to redeem points for future travel.
Redeem Rewards Flexibly
The flexibility of redeeming your earned points is another key benefit. You can redeem these points for a variety of options, including travel, cashback, or gift cards. To maximize this benefit, plan to align your spending with your goals—such as whether you’re planning a big trip or wish to earn cashback for holiday shopping. Focus on using the card for expenses that align with its higher reward categories to gain the most benefits.
Premium Travel Benefits
Travelers can notably benefit from the travel perks offered by this card. Enjoy travel credits up to $100 for airline incidental fees each calendar year, such as checked baggage or in-flight services. Additionally, you receive a credit of up to $100 for TSA Pre✓® or Global Entry application fees, making airport security smoother and more efficient. Make the most out of these benefits by planning your trips around these features, saving money as you go through airport checkpoints stress-free.
Exclusive Travel and Purchase Protections
The card offers a wide range of travel and purchase protections. Benefit from travel insurance, purchase protection, extended warranty, and more. For example, if you purchase a new gadget that gets damaged or stolen shortly after buying it, this card might help you cover the costs involved. This makes the Bank of America Premium Rewards Credit Card a smart choice for significant purchases or frequent travel, assuring peace of mind.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
The Bank of America Premium Rewards Credit Card offers a variety of features designed to enhance your financial flexibility and earning potential. This card is particularly appealing to those who frequently travel or enjoy dining out, providing rewards that can be easily maximized. One of the standout benefits of the Premium Rewards card is the capability to earn significant points on your purchases. Cardholders receive 2 points per dollar spent on travel and dining, which is a great way to accumulate rewards on everyday expenses. Additionally, for every dollar spent on other purchases, you earn 1.5 points, enabling a solid accumulation of rewards even outside of your primary spending categories.Moreover, the card comes with a generous initial bonus structure. New cardholders can earn a sizable bonus of points after meeting a minimum spending threshold within the first 90 days of account opening. This introductory offer can substantially boost your rewards balance right from the start, making it a great option for those looking to kick off their points accumulation journey.Another key feature of the Bank of America Premium Rewards Credit Card is the absence of an annual fee for the first year, allowing you to enjoy the benefits without an upfront cost. After the first year, there is a reasonable annual fee, but considering the rewards and features offered, many find it worthwhile. Furthermore, cardholders enjoy the benefit of travel accident insurance, which provides peace of mind when booking trips.In addition, the card allows for flexibility in redemption options. Points earned can be redeemed for travel purchases, cashback, or gift cards, giving you the freedom to choose how you want to benefit from your rewards. Plus, there’s no limit to the number of points you can earn, which means the potential for growth in your rewards is truly unlimited.Finally, the Premium Rewards card offers access to Bank of America’s extensive banking support and tools, including a mobile app for tracking your spending and rewards easily. This integration provides a seamless experience for managing finances and maximizing card benefits, making it a strong candidate for anyone seeking a rewarding credit card option. To illustrate the advantages of the Bank of America Premium Rewards Credit Card further, the following table highlights key benefits and features.
| Category | Details |
|---|---|
| Points Earnings | Earn 2 points per dollar on travel and dining. |
| Initial Bonus | Earn a substantial points bonus by meeting spending limits within 90 days. |
This table provides a snapshot of what to expect with the Bank of America Premium Rewards Credit Card, making it easier for potential applicants to grasp its value. As you consider your options, the combination of rewards, benefits, and support provided are undoubtedly attractive features that make this card a worthy contender in the credit card market.
Requirements for Bank of America Premium Rewards Credit Card
- Minimum Age: Applicants must be at least 18 years old to apply for the Bank of America Premium Rewards Credit Card. This is a standard requirement for credit cards across the United States.
- Credit Score: To qualify, you generally need a good to excellent credit score, typically in the range of 670 to 850. A higher credit score boosts your chances of approval and may result in better credit terms.
- Income Verification: Applicants must provide proof of steady income. This could include recent pay stubs, tax returns, or any documentation that demonstrates your ability to repay the credit.
- U.S. Residency: You should be a U.S. citizen or a permanent resident. Banks often verify identity and residency through legal documents, so be prepared to submit valid forms of identification such as a passport or state-issued ID.
- Existing Bank Accounts: While not mandatory, having an existing account with Bank of America might streamline the application process, as the bank already holds some of your financial information.
SIGN UP TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
How to Apply for Bank of America Premium Rewards Credit Card
Step 1: Access the Bank of America Website
Begin your application process by visiting the official Bank of America website. Type in www.bankofamerica.com in your web browser and navigate to the ‘Credit Cards’ section. Alternatively, if you prefer an in-person experience, you can visit a local Bank of America branch near you.
Step 2: Choose the Premium Rewards Credit Card
Once you’re in the ‘Credit Cards’ section, look for the Bank of America Premium Rewards Credit Card among the various credit card options. Click on this card to learn more about its features, benefits, and terms and conditions. Familiarizing yourself with the details will ensure you understand what you’re applying for.
Step 3: Start Your Application
After selecting the Premium Rewards Credit Card, click on the ‘Apply Now’ button. You’ll be prompted to fill out an application form with your personal details, including your name, address, employment information, and income. Make sure to enter accurate and current information to prevent any delays in processing your application.
Step 4: Submit Required Documentation
In some cases, especially if applying online, you may need to provide additional documents to verify your information, such as a driver’s license or recent pay stubs. Follow the instructions provided by Bank of America to upload or mail these documents as needed.
Step 5: Wait for Approval
After submitting your application and any required documentation, Bank of America will review your application. You may receive an immediate decision, or it may take a few business days to process. If approved, you will receive your Bank of America Premium Rewards Credit Card in the mail.
It’s important to keep an eye on your email and any notifications from Bank of America for updates regarding your application status.
LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
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 range of benefits, including earning 2 points for every dollar spent on travel and dining, and 1.5 points on all other purchases. It’s a great choice for frequent travelers, as it comes with up to $200 in combined airline incidental and TSA Pre✓®/Global Entry statement credits every calendar year. Additionally, you get no foreign transaction fees, which can save you money when you spend abroad.
Is there an annual fee for the Bank of America Premium Rewards Credit Card?
Yes, there is an annual fee of $95. However, considering the rewards and benefits offered, many users find that they can easily offset this cost, especially if they utilize the travel and dining rewards, as well as the various statement credits available.
How does the point redemption work with this card?
Points earned with the Bank of America Premium Rewards Credit Card can be redeemed for a variety of options including travel, cash back as a statement credit, gift cards, and more. There’s also the flexibility of combining your points with other Bank of America accounts for even more redemption opportunities. Every 100 points is equal to $1 when redeeming for travel through the Bank of America Travel Center.
What credit score is needed to qualify for the Bank of America Premium Rewards Credit Card?
It’s generally recommended to have a good to excellent credit score to qualify for this card, which typically means a score of 700 or higher. However, approval isn’t guaranteed and depends on multiple factors, including your credit history and income.
Are there any special offers for new cardholders?
New cardholders may be eligible for a sign-up bonus. For instance, you could receive 50,000 online bonus points after making at least $3,000 in purchases in the first 90 days of opening your account. This could be worth up to $500 in travel credits.
