How to Apply for the Bank of America Premium Rewards Credit Card
Elevate Your Credit Experience with the Bank of America Premium Rewards Credit Card
For individuals aiming to enhance their credit card experience, the Bank of America Premium Rewards Credit Card is an attractive option. This card is expertly designed for those who prioritize flexibility and rewards, offering an array of benefits that can significantly boost cardholder satisfaction. Each dollar spent on this card earns points that turn everyday expenditures into valuable travel benefits, statement credits, or cash back rewards.
Exclusive Benefits and Features
One of the most appealing attributes of this card is the annual travel credit, offering up to $100. This feature alone makes the card particularly attractive to frequent travelers by allowing them to offset travel-related expenses such as airline fees or baggage charges. In addition to this, cardholders are entitled to premium assistance for travels and purchases, providing extra convenience and support.
These travel benefits are complemented by robust security features, including real-time fraud monitoring and alerts, ensuring that cardholders have peace of mind when using their card. Comprehensive customer support further enhances the cardholder experience, providing prompt and efficient service for any inquiries or issues that may arise.
Simplified Application Process
The process of applying for the Bank of America Premium Rewards Credit Card is straightforward and user-friendly. Prospective applicants can easily apply online or visit a local branch. The application requires basic financial information and an assessment of eligibility criteria. It is an efficient process that leads you to a card that complements your spending habits and aligns with your financial objectives.
- Earn points on every purchase, which can be redeemed for attractive rewards.
- Enjoy travel credits and exclusive assistance, enhancing travel convenience.
- Experience strong security and dependable customer support.
By understanding these features, potential cardholders can see how this credit card aligns with their personal and financial goals. Whether you are someone who loves to travel or prefer to maximize your spending efficiency, the Bank of America Premium Rewards Credit Card is equipped to meet those requirements with its tailored offerings and rewards program.
Benefits of the Bank of America Premium Rewards Credit Card
1. Generous Rewards Program
The Bank of America Premium Rewards Credit Card offers a comprehensive rewards program that allows users to earn unlimited 2 points for every $1 spent on travel and dining and 1.5 points per $1 on all other purchases. This structure is particularly beneficial for frequent travelers and dining enthusiasts who can accumulate points quickly and efficiently.
Tip: Maximize your reward earnings by using your card for travel and dining expenses. Over time, the points you earn can be redeemed for travel, cash back, or gift cards, making it a flexible rewards option.
2. Exceptional Travel Benefits
Cardholders enjoy a variety of travel-related perks, including up to $100 in statement credits for TSA PreCheck® or Global Entry application fees. Additionally, there are no foreign transaction fees, which is ideal for international travelers looking to avoid extra charges on overseas purchases.
Tip: Prioritize using Global Entry or TSA PreCheck to expedite your airport security process, making your travels smoother and more efficient.
3. Lucrative Introductory Offer
New cardholders can take advantage of an attractive introductory offer by earning 50,000 online bonus points (a $500 value) after making at least $3,000 in purchases in the first 90 days of account opening. This substantial bonus can significantly boost your reward points balance right from the start.
Tip: Plan your expenses to meet the spending requirement within the promotional period. Consider timing large purchases accordingly to maximize this benefit.
4. Travel and Purchase Protections
The card provides an array of travel and purchase protections such as trip delay reimbursement, baggage delay insurance, and purchase security. Cardholders can travel and shop with an added layer of confidence and peace of mind knowing that they have these extensive protections.
Tip: Utilize these protections by keeping receipts and documents related to travel interruptions or purchases, as these will be necessary if you need to file a claim.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
| Advantage | Description |
|---|---|
| Unlimited 3x Points | Earn 3x points on travel</strong and dining purchases, making it ideal for frequent travelers. |
| Flexible Redemption Options | Redeem points for cash back, travel, or statement credits, catering to diverse spending needs. |
Requirements to Apply for the Bank of America Premium Rewards Credit Card
- Minimum Credit Score: Applicants should ideally have a credit score of 700 or higher. This reflects a good credit history, which is crucial for approval.
- Annual Income Level: A steady and verifiable source of income is essential. While specific income thresholds aren’t publicly disclosed, higher income usually enhances approval chances.
- Proof of Identity: Valid identification, such as a U.S. driver’s license or passport, is mandatory to establish your identity.
- Residency: Applicants must reside in the United States and have a Social Security Number or Taxpayer Identification Number for verification purposes.
- Age Requirement: You must be at least 18 years old to apply. However, in Alabama and Nebraska, the minimum age is 19.
SIGN UP 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
Begin your application process by navigating to the official Bank of America website. You can do this by entering www.bankofamerica.com in your web browser’s address bar. Once on the homepage, locate the menu option labeled “Credit Cards” to explore available credit card options, including the Premium Rewards Credit Card.
Step 2: Select the Premium Rewards Credit Card
After accessing the credit cards section, search for the Bank of America Premium Rewards Credit Card in the list of options. Click on the card to view detailed information about its features, benefits, and terms. Make sure to review all the card details thoroughly to ensure it aligns with your financial needs and eligibility.
Step 3: Start the Online Application
Once you are on the Premium Rewards Credit Card page, look for an “Apply Now” button. Clicking this button will redirect you to the online application form. Fill out the required fields, providing your personal information, employment details, and financial status. Ensure that all information is accurate and up-to-date to prevent any delays in processing.
Step 4: Review and Submit Your Application
Before submitting, carefully review all the information entered in the application form. Confirm its accuracy and completeness. Once satisfied, proceed to submit your application. You will receive a confirmation email acknowledging receipt of your application.
Step 5: Await Approval Decision
After submission, the Bank of America will process your application, which typically takes a few business days. You may be contacted for additional information or documentation if necessary. Upon approval, you will receive your Bank of America Premium Rewards Credit Card by mail, along with any necessary instructions for activation and usage.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
Frequently Asked Questions about the Bank of America Premium Rewards Credit Card
What are the key benefits of the Bank of America Premium Rewards Credit Card?
The Bank of America Premium Rewards Credit Card offers several significant benefits, including unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases. Cardholders can also enjoy a annual $100 airline incidental credit for qualifying purchases such as baggage fees and airport lounge fees, as well as up to a $100 credit for Global Entry or TSA Pre✓® application fees every four years, making it particularly appealing for frequent travelers.
What is the annual fee for the Bank of America Premium Rewards Credit Card?
The Bank of America Premium Rewards Credit Card carries a modest annual fee of $95. Considering the comprehensive range of rewards and benefits it offers, this fee is competitive and can be offset by strategic utilization of the card’s rewards and credits.
What is the introductory offer for new cardholders?
As of the latest update, new cardholders of the Bank of America Premium Rewards Credit Card are eligible to earn a bonus of 50,000 online points after making at least $3,000 in purchases within the first 90 days of account opening. These points can be redeemed for a $500 statement credit, travel, gift cards, or other options, making the introductory offer particularly attractive.
Are there any foreign transaction fees associated with this credit card?
The Bank of America Premium Rewards Credit Card does not impose any foreign transaction fees on purchases made outside of the United States. This feature can save cardholders a significant amount on international travel and purchases, adding to its appeal for those who frequently travel abroad.
How does the rewards redemption process work for this card?
Points earned with the Bank of America Premium Rewards Credit Card can be redeemed in various ways, including for cash back as a statement credit, direct deposit into a Bank of America checking or savings account, or Merrill Lynch accounts. Additionally, points can be used for travel, dining, or gift card purchases. Importantly, points do not expire as long as the account remains open and in good standing, providing flexibility in how and when rewards are redeemed.
