Am I eligible?
To get this card, you must also:
Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
What the Critics Are Saying...
- Adam Frankel, ForbesTravelers whose spending will earn rewards that make the annual fee worthwhile might find great value in the Bank of America® Premium Rewards® credit card. Account holders earn an unlimited 2 points per dollar on travel and dining purchases and 1.5 points per dollar on all other purchases. With plen...
- Brendan Dyer, BankrateWhat makes the Bank of America Premium Rewards card stand out is the potential for boosted rewards rates when you qualify for Bank of America’s Preferred Rewards® program. If accessing Preferred Rewards earning rates isn’t your goal, you may get more out of a different travel card.
- Dashia Milden, CnetIf you have your sights set on traveling more this year or want flight upgrades without hurting your wallet, the Bank of America® Premium Rewards® credit card* can help. To start, you can earn 60,000 online bonus points -- a $600 value welcome bonus -- when you spend $4,000 in the first 90 days of o...
- Michelle Lambright Black, SlickDealsFor a de facto cash-back card, the potential earnings can be quite impressive, especially if you already have a relationship with Bank of America. It's a solid option that combines benefits and a reasonable annual fee.
- Lyle Daly, The AscentThe bonus offer, premium travel & dining rewards, and up to $200 in travel-related statement credits make this a compelling offer for travelers who can justify paying an annual fee.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
20.24% ‐ 27.24% (Variable) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
20.24% ‐ 27.24% (Variable) This APR will vary with the market based on the Prime Rate. |
| Cash Advance Interest Rate |
23.24% ‐ 30.24% (Variable) This APR will vary with the market based on the Prime Rate. |
| Rates & Fees | |
| Annual Fee | $95.00 |
| Balance Transfer Fee |
3% |
| Cash Advance Fee |
3% |
| Foreign Transaction Fee | $0.00 |
| Over Limit Fee | $0.00 |
| Late Payment Fee |
$40.00 Maximum |
| Promotions | |
| Sign up bonus |
60000 points after spending $4,000 On purchases within the first 3 months. |
| Rewards | |
| All Purchases | 1.5 points per $1 spent |
| Restaurants | 2 points per $1 spent |
| Gas | No |
| Groceries | No |
| Hotels | No |
| Travel | 2 points per $1 spent |
| Pharmacy | No |
| Bills | No |
| Additional Details |
If you're a Bank of America Preferred Rewards client, you can enjoy 25% - 75% rewards bonus on every purchase. That means you could earn up to 3.5 points per $1 on travel and dining purchases and up to 2.62 points per $1 on all other purchases |
| Features & Benefits | |
| Additional Card Holders | Yes |
| Travel Accident Insurance | No |
| Car Rental Insurance | No |
| Car Rental Discount | No |
| Extended Warranty | No |
| Purchase Protection | Yes |
| Zero Liability | Yes |
| No Foreign Transaction Fees | Yes |
| Emergency Assistance | No |
| Concierge Service | Yes |
| Price Protection | No |
| Fraud Protection | Yes |
| Free Credit Scores | Yes |
| Wireless Payments | Apple Pay, Samsung Pay, Google Pay |
| Virtual Cards | No |
| Additional Benefits |
|
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age | 18 |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.
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