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

Looking for a credit card that truly rewards your spending? The Bank of America Premium Rewards Credit Card might just be the ticket to enhancing your financial toolkit. With this card, you’ll find a plethora of benefits tailored to meet the needs of savvy consumers. Whether you’re a frequent traveler or simply enjoy dining out, the earnings potential is impressive as you earn rewards on every purchase.

Designed for those who appreciate value, this card offers points on travel and dining, while still rewarding everyday purchases. Imagine earning points not only on your morning coffee but also on that long-awaited vacation. Plus, cardholders can enjoy added perks such as travel credits and insurance options—providing both peace of mind and savings. Intrigued by how this card could fit into your lifestyle? Let’s dive into how you can apply and start reaping these rewards.

Benefits of the Bank of America Premium Rewards Credit Card

Earn Unlimited Points

With the Bank of America Premium Rewards Credit Card, you can earn unlimited points on every purchase. You’ll receive 2 points per dollar spent on travel and dining and 1.5 points per dollar on all other purchases. These points can be redeemed for a variety of rewards, such as travel credits, gift cards, or cash back.

Tip: Use your credit card regularly for travel and dining to maximize your points. Consider shifting your regular purchases to this card to leverage the 1.5 points earning rate.

Generous Travel and Dining Credits

This card offers an impressive travel and dining credit, which can amount to significant savings. You will receive up to $100 in travel incidental credit annually, which can be applied to expenses like baggage fees or airport lounge access. Furthermore, the card provides a dining credit for use with select services.

Tip: Plan your travel and dining activities strategically throughout the year to ensure you fully utilize these credits before they expire.

Access to Enhanced Travel Protection

The Bank of America Premium Rewards Credit Card comes with enhanced travel protection benefits, including trip cancellation/interruption insurance, lost luggage reimbursement, and travel accident insurance. This means you can travel with peace of mind knowing you are covered in case of unforeseen events.

Tip: Before traveling, familiarize yourself with the coverage details to understand how to make claims if necessary.

No Foreign Transaction Fees

This card is a great companion for international travelers as it comes with zero foreign transaction fees. This means you can use your card abroad without worrying about extra costs each time you make a purchase.

Tip: Use your card instead of exchanging currency at kiosks, which often come with high fees, to save money on international trips.

LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

The Bank of America Premium Rewards Credit Card offers a wealth of benefits designed to enhance your spending experience. This card is especially appealing for those looking to earn rewards and enjoy valuable perks while traveling or managing everyday expenses.The card includes an impressive sign-up bonus. After making qualifying purchases in the first 90 days from account opening, cardholders can earn a substantial amount of bonus points. This can significantly boost your rewards balance, providing an exciting start for new users.Additionally, the Premium Rewards Card offers double points on travel and dining purchases, allowing you to accumulate rewards more quickly. Whether you’re enjoying a meal at your favorite restaurant or booking a flight, you will earn rewards at a faster rate than standard credit cards. This feature is particularly beneficial for frequent travelers and food enthusiasts.Moreover, this card provides a host of travel benefits. Cardholders can enjoy various travel protections, including trip cancellation insurance and lost luggage reimbursement, which safeguard their finances during unforeseen circumstances. Also, there’s no foreign transaction fee, making it easier to use for international purchases without incurring additional costs.Another appealing aspect of the Bank of America Premium Rewards Credit Card is its annual fee, which is reasonable considering the benefits it offers. Cardholders also enjoy the convenience of highly-rated mobile banking features, allowing them to manage their account, track rewards, and make payments from anywhere.To make the rewards even more enticing, points can be redeemed for a wide array of options, including cash back, travel, or gift cards. This level of flexibility caters to different preferences and spending behaviors, ensuring that cardholders can maximize their rewards to fit their lifestyle.Overall, the Bank of America Premium Rewards Credit Card not only provides an attractive rewards program but also offers robust travel protections, making it a solid choice for both casual spenders and avid travelers. Whether you’re looking to enhance your travel experiences or maximize your daily spending, this card delivers a compelling package that stands out in the competitive credit card landscape.

Essential Requirements for the Bank of America Premium Rewards Credit Card

• Credit Score: Applicants should have a good to excellent credit score, typically ranging from 670 to 850. This ensures that you’re considered a reliable borrower.
• Income Verification: It’s important to demonstrate a stable and sufficient income. Bank statements or pay stubs may be necessary to prove you meet the income criteria.
• U.S. Residency: You must be a resident of the United States with a valid U.S. address, as this card is specifically tailored for U.S.-based applicants.
• Age Requirement: Applicants must be at least 18 years old, or 21 in some states, reflecting the legal age to enter into a credit agreement.
• Identification: Provide valid personal identification, such as a Social Security Number, to verify your identity during the application process.

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 or Your Local Branch

To begin your application for the Bank of America Premium Rewards Credit Card, start by accessing the Bank of America official website. You can easily find the credit cards section on the homepage. Alternatively, if you prefer face-to-face assistance, you can visit your nearest Bank of America branch, where a representative can guide you through the process.

Step 2: Gather Necessary Information

Before starting the application, make sure you have all the required information handy. This includes your personal identification details (such as your Social Security number), income information, and any other relevant financial details. Having these pieces of information ready will help streamline your application process.

Step 3: Complete the Online Application Form

Once you are prepared, proceed to fill out the online application form on the Bank of America website. You’ll be asked to provide the information gathered earlier, and you may need to answer additional questions related to your credit history and financial background. Ensure all details are accurate and up-to-date to avoid any delays or issues with your application.

Step 4: Submit Your Application

After reviewing your details on the application form for accuracy, go ahead and submit your application. You may receive a decision almost immediately, or it may take a little longer if additional verification is needed. Keep an eye on your email for any communications from Bank of America regarding your application status.

Step 5: Receive Decision and Next Steps

Once your application is reviewed, you will receive a notification with the decision. If approved, your new Bank of America Premium Rewards Credit Card will be sent to you with instructions on how to activate and start using it. Remember to read all the terms and conditions to make the most of your rewards and benefits.

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. Cardholders earn 2 points for every dollar spent on travel and dining expenses and 1.5 points per dollar on all other purchases. New cardholders can also enjoy a generous welcome bonus by spending a certain amount in the first 90 days. Additionally, the card provides up to $100 in airline incidental credits annually, which can be used for seat upgrades, baggage fees, and more. Frequent travelers will find substantial value in these offerings.

What is the annual fee for the Bank of America Premium Rewards Credit Card?

The Bank of America Premium Rewards Credit Card has an annual fee of $95. Despite this fee, the rewards and benefits provided can easily outweigh this cost for many users, especially those who frequently make travel and dining-related purchases.

Does the Bank of America Premium Rewards Credit Card offer any travel insurance or protections?

Yes, this credit card includes a variety of travel protections. Cardholders are automatically covered with travel and emergency assistance, auto rental collision damage waiver, and trip delay reimbursement. These features provide peace of mind for travelers, offering protection against unexpected travel interruptions or issues.

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

One of the advantages of the Bank of America Premium Rewards Credit Card is that it does not charge any foreign transaction fees. This makes the card a suitable option for international travelers who want to avoid extra costs when making purchases abroad.

Can I redeem the points from the Bank of America Premium Rewards Credit Card for cash back?

Absolutely! Points earned with this card can be redeemed in various ways, including for cash back, travel, and gift cards. Redemption options are quite flexible, and you have the option to deposit cash rewards directly into a Bank of America account, providing convenient liquidity.