BankAmericard Premium Rewards review

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Advertiser Disclosure

Interest Rate: Purchases
18.24% ‐ 25.24%
Balance Transfer
18.24% ‐ 25.24%
Rewards
1.5 - 2 points
Signup Bonus
50000 points (after spending $3,000)


8.8/10
Informr score
The BankAmericard Premium Rewards currently has an Informr score of 8.8 out of 10. This score is based on our evaluation of 16 sources including reviews from users and the web's most trusted critics.

Am I eligible?


BankAmericard Premium Rewards is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

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...


Dough Roller

This is a really interesting card. There are many pros and cons so I think it all comes down to how you want to use the card. I wouldn’t suggest using it as a strategic card (i.e. only using it for specific purchases) because the rewards structure is pretty flat (and unflattering). Where the card sh...

- Chris Muller, Dough Roller
MyBankTracker

A strong contender because you can earn more points per dollar, plus there’s the option to receive a sign-up bonus, bonus reward points, and extra travel statement credits.

- Valencia Patrice Higuera, MyBankTracker
CreditCards.com

The new Bank of America Premium Rewards card combines the features of a cash back card with the features of a premium travel card for a great value.

- Robin Ratcliff, CreditCards.com
Credit Card Insider

If you love food and travel, the Bank of America Premium Rewards Credit Card offers good value and benefits. Between its rewards and introductory bonus, along with benefits like the $100 airline credit and $100 Global Entry/TSA Pre✓ credit, there are plenty of ways to save money and offset the $95 a...

- Kat Tretina, Credit Card Insider
The Wirecutter

Of all the cards we analyzed, this one offers the absolute best cash-back rate out there. However, you’ll need a three-month average combined balance in your qualifying Bank of America and/or Merrill Lynch and Merrill Edge accounts of $100,000 in order to get this rate.

- Korrena Bailie, The Wirecutter

Details


Interest Rates
Regular APR Interest Rate 18.24% ‐ 25.24%

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 18.24% ‐ 25.24%

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 21.24% ‐ 27.24%

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $95.00
Balance Transfer Fee 3%

Minimum of $10

Cash Advance Fee 3%

Minimum of $10

Foreign Transaction Fee $0.00
Over Limit Fee $0.00
Late Payment Fee $38.00

Maximum

Promotions
Sign up bonus 50000 points after spending $3,000

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 No
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, Android Pay
Additional Benefits
  • Get up to a $100 Airline Incidental Statement Credit annually
  • Get up to $100 Airport Security Statement Credit towards TSA Pre✓ or Global Entry Application fee, every four years
  • Trip Cancellation, Delay, and Interruption Insurance
  • Baggage Delay Insurance
  • Lost Luggage Insurance
  • Online Shopping Security
  • Overdraft Protection
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
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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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Critic Reviews


Dough Roller

One of the most flexible

from Dough Roller

This is a really interesting card. There are many pros and cons so I think it all comes down to how you want to use the card. I wouldn’t suggest using it as a strategic card (i.e. only using it for specific purchases) because the rewards structure is pretty flat (and unflattering). Where the ca...More

This is a really interesting card. There are many pros and cons so I think it all comes down to how you want to use the card. I wouldn’t suggest using it as a strategic card (i.e. only using it for specific purchases) because the rewards structure is pretty flat (and unflattering). Where the card shines, though, is through the additional perks you get (like return protection and no transaction fees).

Read full review

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MyBankTracker

Excellent features for people who travel often

from MyBankTracker

A strong contender because you can earn more points per dollar, plus there’s the option to receive a sign-up bonus, bonus reward points, and extra travel statement credits.

Read full review

A strong contender because you can earn more points per dollar, plus there’s the option to receive a sign-up bonus, bonus reward points, and extra travel statement credits.

Read full review

Less

CreditCards.com

High earning rate, premium travel benefits

from CreditCards.com

The new Bank of America Premium Rewards card combines the features of a cash back card with the features of a premium travel card for a great value.

Read full review

The new Bank of America Premium Rewards card combines the features of a cash back card with the features of a premium travel card for a great value.

Read full review

Less

Credit Card Insider

Essentially pays for itself

from Credit Card Insider

If you love food and travel, the Bank of America Premium Rewards Credit Card offers good value and benefits. Between its rewards and introductory bonus, along with benefits like the $100 airline credit and $100 Global Entry/TSA Pre✓ credit, there are plenty of ways to save money and offset the $95 annual fee.

Read full review

If you love food and travel, the Bank of America Premium Rewards Credit Card offers good value and benefits. Between its rewards and introductory bonus, along with benefits like the $100 airline credit and $100 Global Entry/TSA Pre✓ credit, there are plenty of ways to save money and offset the $95 annual fee.

Read full review

Less

The Wirecutter

This card has a particularly generous cash-back rate

from The Wirecutter

Of all the cards we analyzed, this one offers the absolute best cash-back rate out there. However, you’ll need a three-month average combined balance in your qualifying Bank of America and/or Merrill Lynch and Merrill Edge accounts of $100,000 in order to get this rate.

Read full review

Of all the cards we analyzed, this one offers the absolute best cash-back rate out there. However, you’ll need a three-month average combined balance in your qualifying Bank of America and/or Merrill Lynch and Merrill Edge accounts of $100,000 in order to get this rate.

Read full review

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The Ascent

Impressive travel perks and flexible redemptions

from The Ascent

The introductory 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 a modest annual fee.

Read full review

The introductory 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 a modest annual fee.

Read full review

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WalletHub

One of several stand-out travel rewards cards on the market

from WalletHub

One of the best rewards cards for people with excellent credit who like to travel and dine out.

Read full review

One of the best rewards cards for people with excellent credit who like to travel and dine out.

Read full review

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Finder

Attractive travel benefits

This is more than just a rewards card as it includes many travel benefits usually associated with cards that carry higher annual fees. You can enjoy travel cover for a range of inconveniences, plus up to $200 in statement credit in your first year when you pay for certain travel incidentals.

Read full review

This is more than just a rewards card as it includes many travel benefits usually associated with cards that carry higher annual fees. You can enjoy travel cover for a range of inconveniences, plus up to $200 in statement credit in your first year when you pay for certain travel incidentals.

Read full review

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Get.com

Excellent rewards credit card with travel perks and premium benefits

from Get.com

An excellent rewards credit card for people who enjoy traveling because it offers a solid range of travel benefits, such as up to $200 in travel statement credit rewards, world class travel perks, no foreign transaction fees, travel insurance protection and more despite having a very reasonable $95 annual fee.

Read full review

An excellent rewards credit card for people who enjoy traveling because it offers a solid range of travel benefits, such as up to $200 in travel statement credit rewards, world class travel perks, no foreign transaction fees, travel insurance protection and more despite having a very reasonable $95 annual fee.

Read full review

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ValuePenguin

A fantastic travel rewards credit card

from ValuePenguin

The Bank of America Premium Rewards Credit Card is an excellent travel credit card, especially for individuals who have $20,000 or more deposited with Bank of America. If you don't have any relationship with the bank, we recommend looking at alternatives, like the Chase Sapphire Preferred® Card.

Read full review

The Bank of America Premium Rewards Credit Card is an excellent travel credit card, especially for individuals who have $20,000 or more deposited with Bank of America. If you don't have any relationship with the bank, we recommend looking at alternatives, like the Chase Sapphire Preferred® Card.

Read full review

Less

User Reviews


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