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

If you’re looking for a credit card that combines rewarding perks with financial flexibility, exploring the Bank of America Premium Rewards Credit Card could be a wise choice. This card is designed to offer an array of benefits that cater to frequent travelers and everyday users alike, providing opportunities to earn valuable rewards with each dollar spent.

Cardholders will appreciate that it offers unlimited 2 points for every dollar spent on travel and dining, making it perfect for those who enjoy exploring new destinations or dining out. Additionally, you’ll earn 1.5 points per dollar on all other purchases, ensuring that every purchase moves you closer to redeemable rewards.

Beyond rewards, the card includes attractive travel benefits such as no foreign transaction fees, travel credits, and access to a suite of travel and purchase protections that assure peace of mind while on the go.

Benefits of the Bank of America Premium Rewards Credit Card

Earn Unlimited Reward Points

The Bank of America Premium Rewards Credit Card allows you to earn unlimited reward points on every purchase. You receive 2 points for every dollar spent on travel and dining and 1.5 points per dollar on all other purchases. This offers a great opportunity to accumulate points quickly, which can be redeemed for benefits like travel, cashback, or gift cards.

Tip: To maximize your rewards, consider using this card for all your travel and dining expenses to earn the highest points possible.

Travel Credits and No Foreign Transaction Fees

This card includes an annual travel credit of up to $100 for incidental airline purchases, such as seat upgrades or in-flight services. Additionally, there are no foreign transaction fees when making purchases abroad, making it an excellent choice for frequent international travelers.

Tip: Plan your trips strategically to make full use of the travel credits and save on extra costs incurred while traveling abroad.

Free Access to Luxury Airport Lounges

As a cardholder, you get the benefit of free access to airport lounges, offering a comfortable waiting space with amenities before your flight. This is particularly valuable if you spend a lot of time traveling for business or leisure.

Tip: Remember to carry your card with you to gain access to these lounges and enhance your travel experience with complimentary services.

Travel and Purchase Protections

The card provides comprehensive travel and purchase protection services, including trip cancellation and interruption insurance, baggage delay insurance, and purchase security. These are vital for providing peace of mind on your purchases and travel plans.

Tip: Always book your trips and make large purchases with your Premium Rewards card to ensure they are covered under these protection benefits.

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

The Bank of America Premium Rewards Credit Card is designed for those who frequently travel and make everyday purchases, offering a range of benefits that can enhance your financial experience. It provides a generous rewards program, perfect for earning points that can be redeemed for travel expenses, cash back, and more. Let’s explore some of the advantages in detail.

The welcome bonus is an enticing introduction to the card’s rewards structure, providing a substantial amount of points that can quickly lead to valuable travel rewards. Additionally, the ongoing rewards rate ensures that whether you’re dining out or shopping for daily essentials, you continue to earn points that contribute to future travels.The Premium Rewards Credit Card also includes important travel benefits such as no foreign transaction fees and travel insurance protections. These features make it not only beneficial for earning rewards but also practical for those who travel internationally. Keep in mind that your earning potential does not end at points; by using the card regularly, you can accumulate points that add up significantly over time. This flexibility and range of features can make the Bank of America Premium Rewards Credit Card an appealing option for those looking to maximize their rewards.

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

• Credit Score: A good to excellent credit score is essential. Typically, a FICO score of 670 or higher sets a solid foundation for your application.
• Age Requirement: You must be at least 18 years old to apply for the card. This is a common requirement for most credit card applications.
• Proof of Income: Providing proof of a stable income adds credibility to your application. While no specific minimum income is disclosed, a regular income stream reassures the bank of your repayment ability.
• US Residency: You need to be a resident of the United States to apply, as this card is specifically designed for US consumers.
• Social Security Number: A valid Social Security Number (SSN) is required. This helps in verifying your identity and ensures compliance with US financial regulations.

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

To start your application for the Bank of America Premium Rewards Credit Card, you can either go to the official Bank of America website or visit a local branch. If you choose the online route, navigate to the credit cards section where you will find the Premium Rewards Credit Card listed among other options. For an in-person application, speak with a bank representative who can provide guidance and assistance throughout the process.

Step 2: Check Eligibility Requirements

Before applying, ensure you meet the eligibility criteria. Typically, you should be a U.S. resident and at least 18 years old. A strong credit score improves your chances of approval. Bank of America might also consider your income and existing financial obligations. It’s helpful to have these details readily available to expedite the process.

Step 3: Complete the Application Form

Whether online or in-person, you’ll need to fill out an application form. You’ll be asked to provide personal information such as your full name, address, Social Security number, and employment details. Make sure to double-check that all details are entered accurately. If applying online, you might be prompted to create or log into an existing account with Bank of America.

Step 4: Review and Submit Your Application

Once you’ve filled out the application, carefully review all the information for accuracy. Mistakes can delay the approval process. After confirmation, submit your application. Online applicants will receive a confirmation email, while in-person applicants may receive immediate feedback from the bank representative.

Step 5: Await Approval and Receive Your Card

After submission, the bank will review your application. This process may take a few days to a couple of weeks. If approved, your new Bank of America Premium Rewards Credit Card will be mailed to you. In the meantime, you might receive an email or a phone call regarding the status of your application. If additional information is required, be prompt in your response to avoid delays.

VISIT THE WEBSITE TO LEARN MORE

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 several enticing benefits that cater to frequent travelers and everyday spenders. Key highlights include earning 2 points for every dollar spent on travel and dining and 1.5 points per dollar on all other purchases. Additionally, cardholders can enjoy an annual $100 airline incidental credit for things like seat upgrades or baggage fees, alongside travel and purchase protections such as trip delay reimbursement 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 has an annual fee of $95. However, the card’s rewards and extensive benefits, such as the $100 airline incidental credit, can potentially offset this cost if used effectively.

How does the point redemption work for the Bank of America Premium Rewards Credit Card?

Points earned with the Bank of America Premium Rewards Credit Card can be redeemed in various ways, offering great flexibility to cardholders. You can use them for travel purchases, get a statement credit, or redeem them for gift cards. Additionally, if you’re part of Bank of America’s Preferred Rewards program, you can receive a 10% to 75% rewards bonus on every purchase, significantly increasing your redemption value.

What credit score is needed to qualify for the Bank of America Premium Rewards Credit Card?

To be considered for the Bank of America Premium Rewards Credit Card, applicants typically need a good to excellent credit score, usually in the range of 700 or above. It’s important to remember that your credit score is just one factor in the application process; other aspects such as income and existing debt will also be considered.

Does the Bank of America Premium Rewards Credit Card offer any introductory bonuses?

Yes, new cardholders can take advantage of a 50,000 bonus points offer after making at least $3,000 in purchases in the first 90 days of account opening. This bonus can be worth up to $500 in travel redemptions, adding significant value right from the start.

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.