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

Unlock a world of possibilities with a credit card that’s designed to enhance your lifestyle while rewarding you at every turn. The Bank of America Premium Rewards Credit Card offers an opportunity to earn generous rewards on everyday purchases, travel, and more.

Imagine earning 2 points for every dollar spent on travel and dining purchases and 1.5 points for every dollar on other purchases. These rewards can be redeemed flexibly, whether you’re planning a dream vacation or looking to gain cashback. Plus, by being a Bank of America banking customer, you might enjoy an additional rewards boost!

With no foreign transaction fees and the potential for a substantial introductory bonus, this card appeals to both seasoned travelers and savvy spenders. Ready to dive into a rewarding experience? Discover the simple steps to apply for the Bank of America Premium Rewards Credit Card today and start optimizing your spending habits.

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

Earn Unlimited Rewards

With the Bank of America Premium Rewards Credit Card, you can earn unlimited 2 points for every dollar spent on travel and dining. For all other purchases, you’ll earn 1.5 points per dollar. To make the most out of this benefit, try to use your card consistently for everyday expenses. Over time, these points can add up quickly, allowing you to enjoy substantial savings on trips and dining experiences.

Travel Credits and Insurance

One of the standout features of this card is the up to $100 airline incidental statement credit every calendar year. This can be used for expenses such as seat upgrades, baggage fees, or in-flight purchases. Additionally, the card offers travel insurance covers like trip cancellation/interruption insurance, baggage delay insurance, and travel accident insurance. To maximize these benefits, plan your trips in advance and allocate your travel expenses to your credit card.

No Foreign Transaction Fees

Unlike many other credit cards, the Bank of America Premium Rewards Credit Card does not charge foreign transaction fees. This makes it an excellent choice for international travelers. Use this card whenever you travel abroad to avoid extra charges, which can significantly add up during an overseas trip.

Flexible Redemption Options

The rewards points earned with this card offer flexible redemption options. You can redeem points for travel, cash back, gift cards, or even for a credit to your account. For instance, if you have upcoming travel plans, consider redeeming points for flight or hotel bookings to alleviate travel expenses.

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

The Bank of America Premium Rewards Credit Card is designed to provide significant benefits to users who prioritize rewards, especially for travel and dining expenses. One of its highlighted features is the ability to accumulate points rapidly, offering a competitive rate that may appeal to those who value travel experiences. Moreover, the card’s sign-up bonus presents an enticing opportunity for new cardholders. After spending a specified amount within the first few months, individuals can enjoy a generous bonus of points, escalating the benefits right from the beginning of their card membership. Such features not only make the card appealing but also enhance the user experience by rewarding lifestyle choices. Understanding these benefits can greatly assist potential users in making informed decisions aligned with their financial goals and spending habits. Therefore, it’s worth considering the advantages that come with the Bank of America Premium Rewards Credit Card, especially if travel and dining form a substantial part of your expenditure.

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

• Minimum Credit Score: Applicants typically need a good to excellent credit score, usually starting at around 670 or higher, to qualify for the Bank of America Premium Rewards Credit Card. A higher credit score increases your chances significantly.
• Proof of Income: You’ll need to provide evidence of a stable income. This could include recent pay stubs, tax returns, or bank statements. A consistent income assures the bank of your ability to repay any debt incurred.
• Age Requirement: You must be at least 18 years old to apply for this credit card. In Alabama and Nebraska, the minimum age requirement is 19.
• U.S. Residency: Being a U.S. citizen or a resident alien with a valid Social Security number is essential to meet the card’s application criteria.
• Existing Bank Account: Having an existing Bank of America account can be advantageous but is not strictly necessary. It may simplify your application process and could potentially offer better benefits or streamlined management of funds.

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

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

Step 1: Visit the Official Bank of America Website

To start your application for the Bank of America Premium Rewards Credit Card, navigate to the official Bank of America website. You can do this by typing ‘Bank of America’ into your web browser’s search bar and selecting the official site from the search results. Once on the homepage, find the option for credit cards in the main menu. This will guide you to a range of their credit card products, including the Premium Rewards Credit Card.

Step 2: Choose the Premium Rewards Credit Card

On the credit cards page, scroll through the available options until you spot the Premium Rewards Credit Card. Click on the card name or the accompanying link that says ‘Learn More’. This page will provide you with detailed information about the card’s benefits and rewards. Ensure you review these details to confirm that this card fits your financial needs.

Step 3: Start Your Application

After reviewing the card details, look for and click on the ‘Apply Now’ button. You’ll be directed to an application form which requires you to fill in personal details such as your name, address, employment information, and income. Make sure to input accurate information to avoid delays in processing your application. If you have an existing account with Bank of America, you may have the option to sign in to autofill some details.

Step 4: Review and Submit Your Application

Once you’ve completed the application form, take a moment to review all the entered information for accuracy. Confirm your contact details and ensure all other sections are correctly filled. Once satisfied, submit your application by clicking the ‘Submit’ button. You should receive a confirmation of submission on the screen, indicating that your application is being processed.

Step 5: Await Approval Decision

After submission, Bank of America will review your application. This process can take a few days, and occasionally longer during high volume periods. If approved, you’ll receive your new credit card in the mail, along with any further instructions for activation.

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

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, including the ability to earn unlimited 2 points per dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. Additionally, cardholders can benefit from up to $100 in annual travel credits for airline incidental fees and TSA PreCheck® or Global Entry statement credits. These features make it a great choice for individuals who frequently travel or dine out.

Is there an annual fee for this credit card?

Yes, the Bank of America Premium Rewards Credit Card has an annual fee of $95. While this fee might seem like a drawback, the card’s rewards structure and additional perks, such as travel credits, can offer substantial value that may offset the cost.

Are there foreign transaction fees with this card?

No, the Bank of America Premium Rewards Credit Card does not charge foreign transaction fees. This is a significant benefit for those who travel abroad, as it allows you to use your card globally without incurring extra charges on international purchases.

Can rewards points be redeemed for cash back?

Yes, rewards points earned with this card can be redeemed for a variety of options, including cash back. This gives cardholders the flexibility to choose how they want to use their rewards, whether it be for travel, dining, gift cards, or direct cash deposits into a Bank of America checking or savings account.

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

To be eligible for this credit card, applicants generally need to have a good to excellent credit score, typically defined as a FICO score of 670 or higher. Additionally, applicants must meet Bank of America’s credit and income criteria. It is important to assess your own financial situation and credit history before applying.

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.