How to Apply for Bank of America Premium Rewards Credit Card

Embarking on the journey of selecting a credit card can feel daunting, but the Bank of America Premium Rewards Credit Card stands out for those who crave benefits that cater to frequent travelers and everyday spending alike. Offering a competitive array of perks, this card promises to enhance your financial journey with every swipe. From earning unlimited 2 points for every $1 spent on travel and dining to enjoying a $100 annual travel credit, it’s crafted for the savvy consumer. Whether you’re planning a vacation or managing daily expenses, understanding how to apply for this card can be your first step towards unlocking its rewards-based potential.

The application process is straightforward, but being informed about its requirements ensures a seamless experience. Dive into the details of application, eligibility, and maximizing benefits as we guide you through securing this valuable financial tool.

Benefits of the Bank of America Premium Rewards Credit Card

1. Earn Unlimited Rewards Points

With the Bank of America Premium Rewards Credit Card, you can earn unlimited points on every purchase. For every $1 spent, you receive 2 points on travel and dining, and 1.5 points on all other purchases. This is a fantastic way to accumulate points quickly, especially if you frequently travel or dine out.

Tip: Use this card for all travel and dining purchases to maximize your points. Remember, these points don’t expire, making them perfect for planning a big trip or special occasion in the future.

2. Enjoy Valuable Travel Benefits

This card offers a range of travel perks, including up to $100 in airline incidental credits annually for items such as seat upgrades and baggage fees. Additionally, cardholders can enjoy a TSA Pre✓®/Global Entry statement credit of up to $100 every four years.

Tip: Take advantage of these benefits by ensuring you use the card for booking flights and cover incidentals to offset part of your travel expenses. Enroll in TSA Pre✓® or Global Entry to make your airport experience seamless.

3. No Foreign Transaction Fees

Using the Bank of America Premium Rewards Credit Card internationally allows you to avoid foreign transaction fees, making it an excellent choice for travelers who frequently spend abroad.

Tip: Travel with peace of mind knowing you won’t incur additional charges on your purchases outside the United States. Plan your trips and use this card to save on every transaction.

4. Robust Fraud Protection

You can shop confidently with robust fraud protection features, including alerts for unusual activities and $0 fraud liability. These features help safeguard your account against unauthorized transactions.

Tip: Enable transaction alerts to monitor spending in real-time, giving you peace of mind and control over your financial security.

VISIT THE WEBSITE TO LEARN MORE

The Bank of America Premium Rewards Credit Card is designed for those who appreciate travel as well as valuable rewards. The rewards program is attractive because it allows cardholders to earn points on everyday purchases. For example, every time you dine out or travel, you earn 2 points per dollar spent. This means that your regular spending can lead to substantial rewards over time, especially for frequent travelers.Moreover, the sign-up bonus can significantly boost the initial value of the card. The requirement to spend $3,000 within 90 days may seem high, but for many, this can be easily achieved through regular expenses. Once this spend threshold is met, cardholders can look forward to receiving 50,000 points, which can help secure a free flight, hotel stay, or other travel experiences—adding exceptional value to your finances.

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

• Credit Score: To increase your chances of approval, aim for a credit score in the range of good to excellent, typically 670 or higher. This ensures lenders see you as a low-risk borrower.
• Income Proof: Be prepared to provide proof of a stable income. This could include recent pay stubs, tax returns, or bank statements, demonstrating your ability to manage credit card payments responsibly.
• U.S. Residency Status: Applicants must be residents of the United States. You’ll need to provide proof of address, such as a utility bill or lease agreement.
• Age Requirement: You must be at least 18 years old to apply. If you’re under 21, be ready to show proof of independent income or obtain a qualified cosigner.
• Identity Verification: Valid identification, such as a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), is required to confirm your identity.

LEARN MORE DETAILS ABOUT 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

To begin your application for the Bank of America Premium Rewards Credit Card, start by visiting the official Bank of America website. You can easily access this by typing www.bankofamerica.com into your web browser. Once there, navigate to the ‘Credit Cards’ section and locate the ‘Premium Rewards Credit Card’ among the available options.

Step 2: Review the Card Details

Before applying, it’s important to review all the specifications of the Premium Rewards Credit Card. Understand the card benefits, annual fees, interest rates, and reward programs offered. This ensures you are informed and can determine if this card fits your financial goals and lifestyle.

Step 3: Start Your Online Application

After reviewing the details, click on the ‘Apply Now’ button. You will be prompted to enter your personal information, including your full name, address, Social Security number, and annual income. Ensure that all the details you provide are accurate and up-to-date to avoid any processing delays.

Step 4: Submit the Application

Once you have filled out all the necessary fields, you will have the option to review your information. Double-check for any errors or omissions. After confirming everything is correct, submit your application for processing. You will receive a confirmation email notifying you that your application has been received.

Step 5: Wait for Approval

The approval process might take a few days. Bank of America generally reviews applications promptly and will inform you of the decision via email. If approved, your new credit card will be mailed to the address you provided in the application, and you will receive information on how to activate it.

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 are the main benefits of the Bank of America Premium Rewards Credit Card?

The Bank of America Premium Rewards Credit Card offers several attractive benefits, including unlimited 2 points for every $1 spent on travel and dining and 1.5 points for every $1 spent on all other purchases. Additionally, cardholders can earn a bonus of 50,000 points after spending $3,000 in purchases within the first 90 days of account opening, which is equivalent to $500 in rewards.

Is there an annual fee for the Bank of America Premium Rewards Credit Card?

Yes, the card has an annual fee of $95. However, this fee can be justified by the rewards and benefits you receive, such as access to travel credits and purchase protections.

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

Indeed, one of the standout features of this card is its travel benefits. Cardholders enjoy up to $100 in airline incidental statement credits annually, and up to $100 for Global Entry or TSA PreCheck. These benefits can make your travel experiences smoother and save you money.

Are there any foreign transaction fees with this card?

No, the Bank of America Premium Rewards Credit Card does not charge foreign transaction fees. This makes it an ideal choice for international travelers who wish to avoid extra costs while using their card abroad.

How do I redeem the points I earn with this credit card?

You can redeem your points for a variety of options, including travel, gift cards, or cash back. The redemption process is flexible, allowing you to choose what best suits your needs. For instance, points can be redeemed into a Bank of America checking or savings account or through a statement credit, providing you with multiple ways to enjoy your rewards.

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