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

Unlock a world of possibilities with the Bank of America Premium Rewards Credit Card. Designed for those who love to travel and indulge, this card offers a wealth of benefits that elevate everyday spending. From generous rewards on purchases to exclusive travel perks, it’s crafted to enhance your lifestyle.

Enjoy earning unlimited 2 points for every dollar spent on travel and dining, and 1.5 points on all other purchases. This card is perfect for those looking to maximize their rewards without limitations. Plus, take advantage of additional benefits such as travel and purchase credits, making it a must-have in your wallet.

For frequent travelers, the card offers comprehensive travel and purchase protections and access to luxury hotel collections. Deciding to apply is just the first step towards unlocking the exclusive perks and rewards this card has to offer. Discover how you can embark on a new journey of financial rewards and conveniences.

Unlocking the Benefits of the Bank of America Premium Rewards Credit Card

Earn Points on Everyday Purchases

The Bank of America Premium Rewards Credit Card lets you make the most of your spending by earning points with each purchase. You’ll receive 2 points for every dollar spent on travel and dining and 1.5 points per dollar on all other purchases. This rewards system makes it easy to accumulate points whether you’re booking flights, enjoying a meal, or simply buying groceries. To maximize this benefit, consider using the card for everyday expenses and watch your points grow, potentially offsetting future travel and leisure costs.

Generous Introductory Bonus Offer

This card comes with a compelling welcome offer – receive 50,000 online bonus points after making at least $3,000 in purchases within the first 90 days of account opening. These bonus points can convert into a $500 travel statement credit, which can significantly reduce your travel expenses. If you’re planning a trip or a big purchase, align these expenses with your card usage to hit the threshold and enjoy the bonus reward.

Enhanced Travel Protections and Credits

Travelers can benefit significantly from the card’s added perks. Cardholders receive up to $100 in airline incidental statement credits and up to $100 in statement credits toward TSA Pre✓® or Global Entry application fees every four years. Capitalize on these offers not only to save money but also to enjoy smoother travel experiences. These credits make passing through airport security faster and can ease various travel-related expenses.

Valuable Loyalty Rewards

For Bank of America clients, the Premium Rewards Credit Card offers additional advantages under its Preferred Rewards program. Depending on your tier, you could enjoy a 25% to 75% rewards bonus on every purchase. This benefit could meaningfully boost your rewards accrual. It’s important to evaluate your banking relationship with Bank of America to leverage this if you’re a qualifying member.

No Foreign Transaction Fees

Whether you travel frequently for business or pleasure, foreign transaction fees can add up quickly. The good news is that the Premium Rewards Credit Card does not charge foreign transaction fees, enabling more affordable international spending. This can be a significant cost-saving benefit, allowing worry-free transactions abroad.

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

The Bank of America Premium Rewards Credit Card offers an enticing opportunity for those who frequently travel or dine out. With the ability to earn 2 points per dollar on relevant purchases, users can quickly accumulate rewards that translate into valuable benefits. Additionally, the remarkable sign-up bonus of 50,000 points serves as an attractive incentive, providing an excellent starting point for new cardholders eager to maximize their rewards.The flexibility of redeeming points enhances the card’s appeal, allowing members to utilize their earnings for various travel options or even cashback. This feature sets the card apart in a crowded market, catering to both the seasoned traveler and the casual spender looking to enhance their purchasing power.

Key Requirements for the Bank of America Premium Rewards Credit Card

• Credit Score: A good to excellent credit score is usually required. Often, applicants should aim for a score of 670 or higher to increase their chances of approval.
• Income: Providing proof of a stable income is crucial. While exact minimum income thresholds are not publicly disclosed, a reliable source of income can bolster your application.
• U.S. Residency: This card is available to residents of the United States, so having a valid U.S. address is necessary for application.
• Age Requirement: Applicants must be at least 18 years old, or 21 in some states where parental consent is needed.
• Identity Verification: Having official documentation such as a Social Security number or Individual Taxpayer Identification Number is essential to verify identity and residency status.

SEE HOW TO GET YOUR 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 or a Local Branch

Begin your journey to premium rewards by accessing the Bank of America official website. Navigate to the credit card section where the Premium Rewards Credit Card is featured. Alternatively, you can step into a local Bank of America branch if you prefer discussing options with a financial specialist face-to-face. This initial step will allow you to gather all necessary information regarding terms, conditions, and eligibility.

Step 2: Verify Your Eligibility and Understand the Benefits

Before diving into the application, ensure you meet the eligibility criteria, which typically includes being at least 18 years old and having a valid Social Security number. Furthermore, understanding the card’s benefits such as travel credits, reward points, and additional perks is crucial. Ensure your credit score is favorable to pave the way for approval.

Step 3: Prepare Required Information

Gather all the essential personal and financial information before starting your application. This includes your Social Security number, income details, and employment history. Adept preparation ensures a smooth application process and reduces the chances of unexpected hurdles. Double-check your credit report to ensure accuracy in the information you provide.

Step 4: Submit Your Application

With all your documents in order, proceed to fill out the online application form or the physical form at the branch. Ensure that all the fields are correctly entered without any typographical errors. Pay special attention to details such as your income and employment information. After reviewing, click submit and await a response from Bank of America.

Step 5: Await Approval and Receive Your Card

After submission, a decision will usually be made promptly, often within minutes when applying online. Upon approval, you will receive your Bank of America Premium Rewards Credit Card in the mail. Familiarize yourself with the card activation process and start enjoying the multitude of benefits it offers.

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 variety of benefits that can appeal to frequent travelers and everyday users alike. You’ll earn 2 points per dollar on travel and dining purchases, and 1.5 points per dollar on all other purchases. Additionally, cardholders receive up to $200 in combined travel statement credits each year, which includes up to $100 for airline incidental fees and another $100 for TSA PreCheck® or Global Entry. With this in mind, it’s designed to offer value whether you’re flying cross-country or grabbing a bite to eat.

Is there a sign-up bonus for new cardholders?

Yes, the Bank of America Premium Rewards Credit Card frequently provides an enticing sign-up bonus for new card members. Currently, new users can earn 50,000 online bonus points, which can be worth up to $500, after making at least $3,000 in purchases in the first 90 days of account opening. This bonus can offer a significant head start in accumulating points for your next vacation or worthwhile purchase.

What are the fees associated with the Bank of America Premium Rewards Credit Card?

This card charges a $95 annual fee, but the multitude of benefits could easily outweigh this cost for many users. Furthermore, there are no foreign transaction fees, which makes it an attractive option for globetrotters who frequently make purchases abroad. As always, reviewing your spending habits can help determine if this annual fee suits your financial goals.

Are there any specific redemption options for the rewards earned?

Yes, the rewards earned on the Bank of America Premium Rewards Credit Card can be redeemed in various ways, offering flexibility to suit individual preferences. Points can be used for cash back or statement credits, or applied toward travel expenses, gift cards, and even purchases at the Bank of America Travel Center. Having this range of options ensures that cardholders can utilize their rewards in ways that are most beneficial to their needs.

Who is eligible to apply for the Bank of America Premium Rewards Credit Card?

Eligibility for the Bank of America Premium Rewards Credit Card typically requires a good to excellent credit score. While specific criteria are not publicly disclosed, prospective applicants should generally aim for a credit score of 670 or higher to increase their chances of approval. As with any credit card application, it is advisable to review your credit report and address any potential issues before applying.

Linda Carter

Linda Carter is a writer and creative hobbies expert specializing in crafting, DIY projects, and artistic exploration. With extensive experience helping individuals discover their creative potential and bring their ideas to life, Linda shares her knowledge on our platform. Her goal is to empower readers with practical tips, inspiring ideas, and step-by-step strategies for success in the world of creative hobbies.