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

The quest for a credit card that caters to both everyday consumers and seasoned travelers can feel overwhelming, but the Bank of America Premium Rewards Credit Card emerges as a viable contender. With its competitive rewards system, this card promises 2 points per dollar spent on travel and dining, and 1.5 points on all other purchases. It’s a compelling choice for those seeking flexibility and excitement in their financial toolkit.

Not merely a means to an end, the card provides substantial perks, like up to $200 annually in travel statement credits, including airline incidental fees and TSA Pre-Check or Global Entry applications. For frequent flyers and casual travelers alike, this feature alone warrants attention. Various factors come into play when applying, from eligibility criteria to understanding the scope of rewards—ensuring that prospective applicants make an informed decision. Curious to know more? Dive deeper into what sets this card apart in the competitive world of credit.

Unlock Premier Benefits with the Bank of America Premium Rewards Credit Card

Earn More with Every Purchase

With the Bank of America Premium Rewards Credit Card, you can boost your earnings with generous points on everyday spending. This card offers 2 points for every dollar spent on travel and dining and 1.5 points per dollar on all other purchases. By strategically using the card for all qualifying expenses, you can maximize your rewards. To capitalize on this benefit, consider setting up automatic payments for recurring travel and dining expenses, ensuring continuous accumulation of points.

Enjoy Exclusive Travel Perks

Travel enthusiasts can enjoy a suite of travel-related benefits that enhance your journey. These include no foreign transaction fees, along with travel and emergency assistance services. What’s more, you receive up to $100 in airline incidental statement credits annually, which can be used towards seat upgrades, baggage fees, or in-flight services. It’s a perfect companion for international travelers seeking comfort and convenience. To make the most of these perks, plan your travel expenses around these benefits to save on additional costs.

Receive a Lucrative Welcome Bonus

New cardholders are greeted with a compelling incentive: 50,000 online bonus points after making at least $3,000 in purchases within the first 90 days. This welcome bonus is equivalent to $500 in travel or cash rewards. It’s a fantastic way to kickstart your earnings, encouraging early use of the card to hit the minimum spending requirement swiftly and efficiently. An effective strategy is to consolidate larger purchases or use the card for holiday shopping to quickly meet the threshold.

Count on Robust Purchase Protection

The card comes equipped with extensive protections that include purchase security and extended warranty coverages. This feature ensures that eligible new purchases made with the card are safeguarded against damage or theft within the first 90 days, while also providing an extension on the manufacturer’s warranty. Such protection can offer peace of mind when making significant purchases, knowing you’re shielded from unforeseeable mishaps.

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

The Bank of America Premium Rewards Credit Card presents an exciting opportunity for cardholders to not only earn substantial rewards but also to enjoy exclusive perks. One of the most appealing features is its robust rewards program, which allows users to earn 3 points for every dollar spent on travel and dining, making it an ideal choice for frequent travelers and food enthusiasts alike. This program provides an avenue for cardholders to accumulate points rapidly, which can later be redeemed for a variety of rewards, including travel expenses, gift cards, or cash back.Moreover, the attractive sign-up bonus serves as an ideal incentive for new customers. By spending $3,000 within the first three months, cardholders can unlock a bonus of 50,000 points, translating to significant savings on future travel arrangements. This enticing feature draws in consumers looking for a card that rewards their everyday expenses while providing substantial value through its initial offer.The combination of a dynamic rewards structure and a compelling sign-up bonus positions the Bank of America Premium Rewards Credit Card as an excellent option for individuals eager to enhance their financial flexibility while enjoying their purchases.

Requirements for Applying for the Bank of America Premium Rewards Credit Card

• Applicants must have a minimum credit score in the good to excellent range, typically around 700 or higher. This ensures eligibility for the premium rewards benefits.
• A valid Social Security Number or Individual Taxpayer Identification Number is necessary to help verify your identity, as is standard for financial transactions in the United States.
• You need to provide proof of stable income or employment. While a specific minimum income is not published, higher income often increases the likelihood of approval for this type of rewards card.
• Be prepared to supply detailed information about your current financial obligations, which includes details of any existing credit card balances, loans, or other debt, providing a complete picture of your financial health.
• The applicant must be at least 18 years old (19 in Alabama and Nebraska) to align with state legal requirements.

VISIT THE WEBSITE TO LEARN MORE

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, you need to visit the official Bank of America website. Navigate to their Credit Cards section from the homepage. This area prominently displays their range of offerings, including the Premium Rewards option.

Step 2: Explore the Premium Rewards Details

Once on the credit cards page, locate the Premium Rewards Credit Card. Here, take your time to delve into the benefits and features that stand out, such as travel credits and unlimited points. The information provided will guide you on how this card aligns with your financial goals.

Step 3: Start Your Application

Click on the Apply Now button associated with the Premium Rewards Credit Card. This will take you to the application form. Be prepared to fill in personal details such as your contact information, social security number, and income particulars. This part ensures the bank can assess your creditworthiness.

Step 4: Review and Submit Your Application

Before submitting, thoroughly review the information entered to avoid errors. An accurate application improves your chances of approval. Once all details are accurate, submit your application. Wait for a confirmation screen or email to know that the bank has received your request.

Step 5: Await Approval

After submission, the bank will evaluate your application. Approval times may vary, so patience is key. Bank of America might request additional documentation during this phase, so stay attentive to any communication from them. Once approved, your new credit card will be mailed to you, ready for activation.

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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 a comprehensive rewards program that includes 2 points for every dollar spent on travel and dining and 1.5 points per dollar on all other purchases. Additionally, new cardholders can earn a 50,000 bonus points after making at least $3,000 in purchases within the first 90 days. Another advantage is the up to $100 in statement credits for airline incidental fees and a $100 credit for TSA Pre✓® or Global Entry.

What is the annual fee for the Bank of America Premium Rewards Credit Card?

The annual fee for this credit card is $95. This fee is considered relatively low when compared to the potential rewards and benefits that cardholders can accrue through its generous points system and statement credits. Be sure to evaluate how your spending habits align with these benefits to determine if the fee offsets your gains.

How can I redeem the rewards points earned with this card?

Points earned with the Bank of America Premium Rewards Credit Card can be redeemed in several ways, including cash back, travel, gift cards, and even towards purchases at online retailers. There are no blackout dates for travel redemptions, making it a convenient option for frequent travelers. The flexibility of this redemption program stands out, allowing cardholders to choose the best option that suits their needs.

Are there any foreign transaction fees with this credit card?

No, the Bank of America Premium Rewards Credit Card does not charge foreign transaction fees, which can be particularly beneficial for those who frequently travel abroad or make purchases in foreign currencies. This feature helps cardholders save on additional costs, enhancing the value of the rewards program.

Does the Bank of America Premium Rewards Credit Card offer any security features?

Yes, the card includes numerous security features to protect cardholders. These include fraud protection with zero liability for unauthorized transactions and access to your FICO® Score for free. The Bank of America app also offers alerts for suspicious activity and control over your card settings, such as temporarily locking your card if misplaced.

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.