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

Unlock a world of exclusive perks and unparalleled rewards with the Bank of America Premium Rewards Elite Credit Card. Designed for those who want to experience the finer things in life, this card offers an array of benefits that cater to your sophisticated lifestyle. With the potential to earn unlimited points on every purchase, your everyday spending can turn into once-in-a-lifetime experiences.

Imagine enjoying complimentary luxury travel perks and gaining access to over 1,100 airport lounges worldwide. This card ensures that your travel is as rewarding as the destination itself. Additionally, with robust travel and purchase protection features, you can navigate your journeys with confidence and peace of mind. Whether you’re dining at five-star restaurants or booking concert tickets, the Bank of America Premium Rewards Elite Credit Card amplifies the experience, rewarding you at every turn. Dive into a world where your credit card enhances your lifestyle, offering benefits that are truly elite.

Benefits of the Bank of America Premium Rewards Elite Credit Card

Extensive Reward Points

One of the standout features of the Bank of America Premium Rewards Elite Credit Card is its robust rewards program. Cardholders earn unlimited 2 points for every $1 spent on travel and dining and an impressive 1.5 points per $1 on all other purchases. To maximize this benefit, consider using your card for all travel expenses and dining experiences. Whether you are booking a flight or dining at a local restaurant, you’ll be racking up points swiftly, allowing for quicker redemption for travel, cash back, or even gift cards.

Annual Travel Credit

This credit card offers an annual $300 airline incidental statement credit on qualifying purchases. To fully utilize this benefit, plan your travel expenses in advance and strategically use your card to cover incidental fees like luggage charges or seat upgrades. This can significantly lessen out-of-pocket costs when flying, making your travel experiences more affordable and enjoyable.

Global Travel Benefits

Enjoy a range of global travel perks that enhance your travel experience, such as priority airport lounge access. With this card, you gain entry to luxurious lounges worldwide, where you can relax and refresh during layovers. Plus, there’s no foreign transaction fee, enabling you to shop abroad confidently without worrying about extra charges on your purchases.

Purchase and Travel Protection

The card comes equipped with a suite of protection benefits, including trip cancellation and interruption insurance as well as purchase protection. Making large purchases or travel bookings with your card ensures you’re safeguarded against unforeseen circumstances, offering peace of mind. Always register and review these benefits before making significant expenditures to ensure you’re covered properly.

LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD

The Bank of America Premium Rewards Elite Credit Card offers a range of attractive features designed to enhance your spending experience. One major highlight is its sign-up bonus, allowing users to earn a substantial number of points upon making their first purchase. This initial boost can be a great way to kickstart your rewards journey. Additionally, cardholders benefit from earning points on their everyday purchases, particularly at restaurants and for travel expenses. With a robust 3 points earned for every dollar spent in those categories, this card makes it easier for users to accumulate rewards quickly. Such benefits can lead to meaningful savings or premium experiences when redeeming points for flights, hotels, or even cash back.

Requirements for the Bank of America Premium Rewards Elite Credit Card

• Excellent Credit Score: To apply for the Bank of America Premium Rewards Elite Credit Card, it is typically expected that you have an excellent credit score. Generally, a FICO score of 720 or above may be required. This shows the bank that you are a reliable borrower and effectively manage your debt.
• Stable Income: While there isn’t a strict income threshold, being able to demonstrate a stable and sufficient income can enhance your chances of approval. This helps to ensure you can meet the card’s monthly payment obligations without financial strain.
• U.S. Citizenship or Permanent Residence: Applicants must be either U.S. citizens or permanent residents, as this card is designed for individuals within the United States, providing domestic benefits.
• Valid Social Security Number (SSN): A valid SSN is needed for verification purposes and helps in assessing your credit history and identity during the application process.
• Completed Application Form: Like any credit card, a thorough application form must be completed. This usually involves providing personal details, financial information, and agreeing to the terms and conditions of the bank regarding the card.

SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD

Step-by-Step Guide to Applying for the Bank of America Premium Rewards Elite Credit Card

Step 1: Visit the Official Bank of America Website

To begin your application for the Bank of America Premium Rewards Elite Credit Card, first, visit the official Bank of America website. Navigate to the credit cards section, which can usually be found under the “Cards” or “Credit Cards” category from the main menu. This section provides a comprehensive list of all available credit cards.

Step 2: Explore the Premium Rewards Elite Credit Card Details

Once you’ve found the list of credit cards, look for the Premium Rewards Elite Credit Card. Click on it to explore its features, benefits, and requirements. Make sure to read all information carefully, paying close attention to the annual fees, rewards rate, and additional perks that might be associated with this card to ensure it suits your financial needs.

Step 3: Check Your Eligibility

Before proceeding with the application, it’s important to determine if you meet the eligibility criteria for the Premium Rewards Elite Credit Card. You typically need to be at least 18 years of age, reside in the United States, and have a good to excellent credit score. Bank of America may also have specific income requirements, so be sure to review these details on their website.

Step 4: Fill Out the Application Form

Once you’ve confirmed your eligibility, click on the application link provided on the card’s page. You will be directed to an online application form. Fill out the form with accurate personal information such as your name, address, social security number, and financial details. Review your entries carefully to avoid errors that could delay the approval process.

Step 5: Submit Your Application and Await Approval

After completing the application form, submit it for review. Bank of America will process your application, checking your credit score and eligibility criteria. You may receive an instant decision or be required to wait a few days for further review. If approved, your new credit card will be sent to you, and you can start enjoying its benefits!

SIGN UP TO GET YOUR BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD

Frequently Asked Questions about the Bank of America Premium Rewards Elite Credit Card

What are the key benefits of the Bank of America Premium Rewards Elite Credit Card?

The Bank of America Premium Rewards Elite Credit Card offers several enticing benefits. Cardholders earn unlimited 2 points for every dollar spent on travel and dining and 1.5 points per dollar on all other purchases. Additionally, the card provides travel benefits such as up to $100 in airline incidental credits annually and up to $100 for TSA Pre✓® or Global Entry application fees every four years. These rewards can significantly enhance your travel experience and save you money.

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

The annual fee for the Bank of America Premium Rewards Elite Credit Card is $550. While this may seem steep, the excellent benefits and rewards you gain—from travel credits to point accumulation—can outweigh the cost if leveraged effectively.

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

Yes, this credit card offers a range of travel protections to ensure peace of mind while you travel. Cardholders benefit from trip cancellation and interruption insurance, covering up to $2,500 per person, as well as trip delay reimbursement and lost luggage reimbursement. These protections are designed to safeguard you against common travel hiccups, providing financial assistance when unexpected issues arise.

How do I redeem points accrued with the Bank of America Premium Rewards Elite Credit Card?

Redeeming points with this card is flexible and convenient. You can redeem your points for cash back, travel purchases, gift cards, and more. To enhance the value of your points, consider redeeming them for travel, where they often stretch further. This flexibility allows you to tailor your rewards to suit your personal preferences and financial goals.

Are there any introductory bonuses for new cardholders?

Yes, new cardholders can enjoy a generous welcome offer. Currently, cardholders can earn a sizeable bonus of 50,000 points after spending $3,000 within the first 90 days of opening the account. This bonus is a great way to kick-start your rewards journey and effectively reduce your travel expenses or other costs.

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 our platform. Her goal is to empower readers with practical advice and strategies for financial success.