How to Apply for Bank of America Premium Rewards Credit Card

Unlock a world of premium benefits with the Bank of America Premium Rewards Credit Card. Designed for savvy spenders, this card offers a unique opportunity to earn rewards on every purchase you make, enhancing your everyday spending. Whether you’re dining out or booking your next vacation, you’ll accumulate points effortlessly.

One of the card’s standout features is the ability to earn unlimited 2 points for every $1 spent on travel and dining purchases, and 1.5 points per $1 on all other purchases. This means more rewards for the things you love to do. Additionally, cardholders have the chance to receive up to $100 in statement credits for airline incidental fees annually, an attractive perk for frequent travelers.

With access to extensive travel coverage and no foreign transaction fees, this card is your passport to premium travel experiences and substantial savings. Eager to learn more about how to apply and make the most of these benefits? Keep reading to discover how to get started.

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

1. Earn Unlimited Rewards Points

The Bank of America Premium Rewards Credit Card allows you to earn unlimited points on your purchases. You receive 2 points for every $1 spent on travel and dining, and 1.5 points per $1 on all other purchases. This makes it an excellent choice for frequent travelers and diners who want to make the most of their expenditures.

2. Enjoy Travel and Purchase Protections

This card offers a range of travel and purchase protections, including trip cancellation or interruption insurance, baggage delay insurance, and purchase security, which can come in handy during unexpected events. For example, if your flight is canceled, you may be reimbursed for travel expenses paid with this card. These protections give you peace of mind while traveling, ensuring your plans and purchases are safeguarded.

3. Receive Statement Credits for Travel

Cardholders can benefit from up to $100 in statement credits for airline incidental fees, such as baggage or in-flight purchases, as well as Global Entry or TSA PreCheck application fees every four years. To make the most of these credits, plan your travel visits annually and offset costs by utilizing these credits.

4. Get Exclusive Access and Discounts

With the Premium Rewards Credit Card, you unlock access to exclusive travel and lifestyle experiences. This includes special offers on luxury hotels, resorts, and other valuable experiences. Always keep an eye on rotating offers and discounts available through the card to maximize your savings and enjoy luxury for less.

Tip: To fully utilize your card’s benefits, pay your balance in full each month to avoid interest charges and never miss out on point-earning opportunities!

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Requirements for Applying to Bank of America Premium Rewards Credit Card

• A good to excellent credit score is recommended for the Bank of America Premium Rewards Credit Card. This typically means a FICO score of at least 670.
• Applicants usually need to provide proof of income. Whether you’re employed or self-employed, be ready to show tax returns, pay stubs, or recent bank statements.
• You must be at least 18 years of age, or 21 if you reside in Puerto Rico, to apply for this credit card.
• A valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) is essential for identity verification and processing your application.
• An active United States address is required, as this card is available only to U.S. residents. This can be verified through utility bills or other official documents.

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

Start by navigating to the Bank of America’s official website. You can do this by typing ‘Bank of America’ into your search engine, and clicking on the official website link. Once there, locate the credit cards section in the main menu. This will guide you to an overview of available credit card options, including the Bank of America Premium Rewards Credit Card.

Step 2: Review the Credit Card Features

Before applying, it is crucial to understand what the Bank of America Premium Rewards Credit Card offers. Click on the card for detailed information. Take note of important features such as rewards rates, annual fees, and any introductory offers. Understanding these details helps ensure that this card aligns with your financial lifestyle and goals.

Step 3: Check Your Credit Score

Eligibility for the Bank of America Premium Rewards Credit Card requires a good to excellent credit score. It’s a smart practice to check your credit score before applying. You can get your score from your bank, a credit reporting agency, or through various financial apps. Knowing your score will help you assess your chances of approval and identify if you need to improve your score before applying.

Step 4: Fill Out the Application

Once you’re ready to apply, click on the ‘Apply Now’ button located under the card’s details. This will direct you to the application form. Here you will provide personal details such as your social security number, address, and income information. It’s important to complete all required fields accurately to ensure a smooth application process.

Step 5: Submit Your Application and Wait for Approval

After filling out the application form, carefully review all entries for accuracy. Once satisfied, submit your application. You will typically receive a response within a few minutes to a few business days. If approved, your new card will be mailed to you along with instructions on activation and usage.

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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 numerous benefits designed to enhance your spending experience. Cardholders earn 2 points per dollar on travel and dining purchases and 1.5 points per dollar on all other purchases. Additionally, the card provides up to $100 in airline incidental statement credits for qualifying purchases, such as seat upgrades, baggage fees, and in-flight purchases. Cardholders also have access to travel and emergency assistance services, lost luggage reimbursement, and trip delay reimbursement, making it an excellent choice for frequent travelers.

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

Yes, there is an annual fee of $95 for the Bank of America Premium Rewards Credit Card. Although some might see this as a drawback, the potential rewards and benefits, such as airline credits and travel insurance, can easily offset the cost if you maximize the rewards and perks offered by the card.

How does the rewards program work for this credit card?

The rewards program for the Bank of America Premium Rewards Credit Card is straightforward. You earn points on every purchase: 2 points per dollar spent on travel and dining and 1.5 points per dollar on all other purchases. Points can be redeemed for a variety of rewards, including travel, cash back, or gift cards. There are no expiration dates on points, meaning you can accumulate them over time for a larger redemption option if preferred.

Are there foreign transaction fees with the Bank of America Premium Rewards Credit Card?

No, the Bank of America Premium Rewards Credit Card does not charge foreign transaction fees. This feature makes it an ideal choice for international travelers, as you can use the card abroad without worrying about additional charges on your purchases.

What credit score is recommended to apply for the Bank of America Premium Rewards Credit Card?

To increase your chances of approval for the Bank of America Premium Rewards Credit Card, a good to excellent credit score is recommended. This generally means a FICO score of around 700 or higher. A strong credit history, steady income, and responsible credit usage can also positively influence your application.

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.