How to Apply for Bank of America Premium Rewards Credit Card Online
If you’re looking for a way to maximize your spending rewards, the Bank of America Premium Rewards Credit Card could be an excellent choice. Offering double points on travel and dining, and 1.5 points per dollar on all other purchases, it’s designed to help you earn substantial benefits on your everyday expenses. Imagine turning your dining out and travel adventures into valuable rewards!
Another enticing feature is the card’s introductory travel credit, which reimburses travel-related purchases up to a certain amount each year. This can significantly reduce costs for the modern traveler. Wondering how to get started? The application process is convenient and straightforward, requiring just a few steps online. By proceeding, you could easily take advantage of these incredible benefits and elevate your financial strategy. Read on to find out how to apply effortlessly and start reaping the rewards!
Benefits of the Bank of America Premium Rewards Credit Card
Unlimited 2X Points on Travel and Dining
One of the standout features of the Bank of America Premium Rewards Credit Card is its generous rewards program, where you earn unlimited 2X points on travel and dining purchases. This makes it an excellent choice if you frequently dine out or travel for business or leisure. For example, if you spend $500 on a weekend getaway or dining out, you’ll earn 1,000 points.
1.5X Points on All Other Purchases
In addition to travel and dining rewards, you’ll earn 1.5X points on every other purchase. This means every transaction, whether it’s your grocery shopping or gas fill-ups, contributes to your reward point balance. Over time, these points can accumulate significantly and be used for a variety of rewards.
$200 Travel Credit
Each year, this card provides up to $200 in travel statement credits annually for qualifying purchases. This is particularly beneficial if you travel frequently, as it can cover incidental travel fees such as seat upgrades, baggage fees, or in-flight refreshments. Tip: Try to plan your qualifying travel expenses to take full advantage of this credit.
No Foreign Transaction Fees
The card does not charge any foreign transaction fees, making it an ideal choice for international travelers. If you’re planning a trip abroad, using this card can help you avoid the typical 1-3% fees that most cards charge on foreign purchases.
Additional Benefits for Preferred Rewards Members
If you are a Bank of America Preferred Rewards member, you can earn a bonus of up to 75% on the rewards points. This means your 2X points on travel and dining could become 3.5X, providing you with even more value. Tip: Consider consolidating your banking with Bank of America to potentially qualify for this program and maximize your rewards.
LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
| Category | Details |
|---|---|
| Reward Points | Earn 2 points per dollar on travel and dining, and 1 point on all other purchases. |
| Sign-Up Bonus | Get a bonus of 50,000 points after spending $3,000 in the first 90 days. |
The Bank of America Premium Rewards Credit Card is designed for consumers looking to maximize their rewards potential. With its attractive point-earning structure, it particularly benefits frequent travelers and food enthusiasts. Points can be earned quickly, offering flexibility for future rewards. Additionally, the introductory bonus can significantly boost your points balance right from the start, providing greater value upon commencement. Overall, this card caters to those who prioritize both rewards and travel benefits, making it a favorable option in the competitive credit card market.
Requirements to Apply for Bank of America Premium Rewards Credit Card
- Minimum Credit Score: To be considered for the Bank of America Premium Rewards Credit Card, you generally need a good to excellent credit score. A score of 700 or higher significantly increases your chances of approval.
- Proof of Income: You’ll need to provide proof of stable income. This might include pay stubs, tax returns, or bank statements. A higher income can enhance your application, demonstrating your ability to meet credit obligations.
- U.S. Residency: Applicants must be a resident of the United States. Be prepared to present documentation confirming your residential status, such as a driver’s license or utility bill.
- Social Security Number: A valid Social Security number is required. It helps verify your identity and is essential for the credit check process.
- Legal Age Requirement: You must be at least 18 years old to apply for the credit card. This is a standard eligibility requirement for entering into a credit agreement.
SEE HOW 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 a Local Branch
Begin by navigating to the Bank of America website or visiting a local Bank of America branch. If you choose to apply online, go to the credit card section of their website. You’ll find a list of credit cards, including the Premium Rewards Credit Card. If you prefer an in-person experience, a bank representative can guide you through the process.
Step 2: Review the Card’s Features and Requirements
Before applying, take some time to understand the card’s features, such as rewards points, annual fees, and interest rates. Ensure you meet the eligibility criteria, which typically include having a good to excellent credit score, being at least 18 years old, and having a valid Social Security number. This step is crucial to avoid any surprises and to confirm that the card fits your financial needs.
Step 3: Complete the Application Form
If you’re applying online, click on the ‘Apply Now’ button, which will direct you to the application form. You’ll need to provide personal information such as your name, address, employment details, income, and Social Security number. Fill out all the required fields carefully and truthfully. If applying in-person, a bank representative will help you fill out a similar form.
Step 4: Submit Your Application
Once you’ve completed the form, review your information to ensure accuracy. Then, submit your application. If you applied online, you might get an instant decision, or you could be contacted via email or phone for further information. In-person applicants will receive guidance from the bank representative about the next steps.
Step 5: Approval and Card Activation
If your application is approved, you’ll receive the credit card in the mail within 7 to 10 business days. Upon receiving your card, you’ll need to activate it either online or by calling the number provided with the card. Follow the instructions to start enjoying your Bank of America Premium Rewards Credit Card benefits.
SIGN UP TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
Frequently Asked Questions About the Bank of America Premium Rewards Credit Card
What is the Bank of America Premium Rewards Credit Card?
The Bank of America Premium Rewards Credit Card is a popular credit card that offers great rewards for both travel and dining expenses. Cardholders can earn points on every dollar spent, which can be redeemed for travel, cashback, or other reward options. It’s an excellent choice for those who frequently spend on travel and dining, offering competitive rewards and additional perks.
What are the main benefits of the Bank of America Premium Rewards Credit Card?
One of the primary benefits is the ability to earn unlimited 2 points per $1 on travel and dining purchases and 1.5 points per $1 on all other purchases. Additionally, the card provides up to $100 in annual statement credits for airline incidental fees and TSA Pre✓®/Global Entry application fees, making it an attractive option for frequent travelers. Moreover, cardholders receive benefits like travel and emergency assistance, purchase protection, and extended warranty coverage.
Does the Bank of America Premium Rewards Credit Card have an annual fee?
Yes, the Bank of America Premium Rewards Credit Card charges an annual fee of $95. However, the card’s rewards and benefits often outweigh this fee, especially if you maximize the travel-related perks and make the most of its generous reward structure.
How does the signup bonus work for this credit card?
New cardholders can earn a generous signup bonus by spending a certain amount within the first 90 days of account opening. Currently, the bonus is 50,000 online bonus points after making at least $3,000 in purchases, which can be redeemed for a $500 statement credit toward travel purchases. This is a great way to accelerate your rewards upon opening the card.
Is the Bank of America Premium Rewards Credit Card suitable for international travel?
Yes, this card is quite suitable for international travel as it does not charge foreign transaction fees. This means you won’t incur additional charges each time you make a purchase abroad. Additionally, you’ll have access to various travel benefits like travel insurance and emergency assistance, making your travels smoother and more secure.
