How to Apply for Bank of America Premium Rewards Credit Card
In the diverse landscape of credit cards, the Bank of America Premium Rewards Credit Card stands out as a strong contender for those looking to enhance their financial experience. With its robust rewards program tailored for avid travelers and everyday spenders alike, this card offers a blend of flexibility and value. Imagine earning unlimited points for dining and travel expenses, then redeeming those points for travel or cash back easily. Plus, with no expiration on these rewards, the possibilities are endless.
Beyond perks, the card sweetens the deal with an enticing introductory offer—perfect for those looking to maximize their reward potential right from the start. When exploring how to apply, understanding these benefits can clarify why it’s a popular choice. A travel enthusiast or someone who enjoys dining out frequently will find this card especially appealing due to its comprehensive reward system and exclusive benefits. Keep reading to discover everything you need to know about applying for this rewarding credit card.
Maximize Your Benefits with the Bank of America Premium Rewards Credit Card
Earn Unlimited Points
The Bank of America Premium Rewards Credit Card offers you the opportunity to earn unlimited rewards on your everyday spending. You receive 2 points for every $1 spent on travel and dining purchases, and 1.5 points for every $1 spent on all other purchases. This means every grocery trip or meal outing can contribute to your rewards points, allowing you to accumulate points quickly and redeem them for cash back, travel, or gift cards.
Travel with Confidence
When you travel, this card offers peace of mind with its array of travel benefits. You’ll enjoy no foreign transaction fees, which is a huge advantage when traveling abroad as you can make purchases without worrying about extra charges. Additionally, you have access to travel and emergency assistance services, trip cancellation/interruption coverage, and trip delay reimbursement, ensuring that unexpected travel issues don’t derail your plans.
Get Statement Credits for Airline Incidental Fees
Another valuable perk is the ability to receive up to $100 in statement credits annually for incidental airline purchases such as seating upgrades, baggage fees, in-flight entertainment, and refreshments. To make the most of this benefit, simply use your card to pay for these expenses, and you’ll see the credits applied to your account.
Receive a Valuable Sign-up Bonus
New cardholders can take advantage of a lucrative welcome offer: 50,000 online bonus points after making at least $3,000 in purchases within the first 90 days of account opening. That’s a value of up to $500, which can be used to lower travel expenses or get a statement credit.
LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
| Category | Details |
|---|---|
| Bonus Rewards | Earn 3 points on travel and dining, making it ideal for frequent travelers. |
| Flexible Redemption | Points can be used for cash back, travel, or gift cards, providing various options. |
The Bank of America Premium Rewards Credit Card offers various advantages catering to a wide array of consumers. One of its standout features is the ability to earn generous bonuses on purchases. With this card, you can earn 3 points for every dollar spent on travel and dining expenses. This makes it particularly appealing to those who travel frequently or enjoy dining out.Additionally, this credit card provides flexible redemption options suitable for many preferences. Cardholders benefit from being able to convert their points into cash back, travel rewards, or gift cards, which can be a significant draw for those who wish to maximize their rewards according to personal preference. This flexibility enhances the card’s appeal, allowing users to fully utilize their earned rewards in ways that best suit their lifestyle.
Requirements for Applying for the Bank of America Premium Rewards Credit Card
- Good to Excellent Credit Score: To increase your chances of approval, you should ideally have a credit score ranging from 670 to 850. This reflects responsible borrowing and timely payments, demonstrating your creditworthiness to lenders.
- Stable Income: While Bank of America does not specify a minimum income threshold, having a stable and sufficient income is crucial. It assures the bank of your capability to manage additional credit responsibly. Providing proof via pay stubs or tax returns can help support your application.
- U.S. Residency: Applicants must be residents of the United States with a valid Social Security Number or Tax Identification Number, as these are key to verifying identity and eligibility.
- Valid Identification: Ensure you have government-issued identification, such as a driver’s license or passport, ready for the application process. This is required to confirm your identity.
- Debt-to-Income Ratio: Maintain a reasonable balance between your income and existing debts. This ratio is a key factor in determining your ability to take on and manage new credit obligations.
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 Official Bank of America Website
To begin your application for the Bank of America Premium Rewards Credit Card, you should first visit the official Bank of America website. Navigate to the products or credit cards section on the homepage. This will provide you with a comprehensive view of all the offerings, including the Premium Rewards Credit Card.
Step 2: Explore the Premium Rewards Credit Card Details
Once you find the Premium Rewards Credit Card, click on it to explore its features, benefits, fees, and eligibility requirements. Understanding these details will help you determine if this card is the right choice for your financial goals. Pay special attention to the rewards structure and any introductory offers that might be available.
Step 3: Complete the Online Application Form
After reviewing the card details, click on the “Apply Now” button to access the online application form. You will need to provide personal information such as your name, address, Social Security Number, and employment details. Be prepared to include information about your annual income and housing status.
Step 4: Review and Submit Your Application
Before submitting your application, double-check all the information for accuracy. This ensures there are no delays or issues in processing. Once everything looks correct, click the “Submit” button. This will send your application to Bank of America for evaluation.
Step 5: Await Approval
After submission, you will receive a confirmation email. The bank will process your application, which usually takes a few business days. If approved, your new credit card will be mailed to you, and you will receive all the necessary information to start using your card.
SEE HOW 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 perks designed to maximize your travel and everyday spending. You can earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other categories. What’s more, you receive up to $100 in airline incidental statement credits annually, along with up to $100 for TSA PreCheck or Global Entry application fees. These benefits can add significant value, especially for frequent travelers.
Is there an annual fee for the Bank of America Premium Rewards Credit Card?
Yes, there is an annual fee of $95 for the Bank of America Premium Rewards Credit Card. Considering the average travel and dining rewards and the $200 in possible annual credits, many cardholders find that the benefits outweigh this fee. However, it’s important to evaluate your spending habits to decide if this card is a good fit for your financial lifestyle.
How can I maximize the rewards with this credit card?
To maximize your rewards, focus on using the card primarily for travel and dining purchases to benefit from the 2 points per dollar rate. Additionally, ensuring you spend enough to justify the annual fee and utilizing the $100 airline incidental and application fee credits can significantly enhance the card’s value. If you are a Bank of America Preferred Rewards client, you might be eligible for up to a 75% rewards bonus on every purchase, which can further increase your total earnings.
Does this card offer any protections while traveling?
Yes, the Bank of America Premium Rewards Credit Card comes equipped with numerous travel protections. These include trip delay and cancellation coverage, lost luggage reimbursement, and travel accident insurance. Such protections can provide peace of mind when unexpected travel issues arise, ensuring you are not burdened by unforeseen expenses.
Are there any foreign transaction fees with this card?
No, there are no foreign transaction fees with the Bank of America Premium Rewards Credit Card. This feature is especially beneficial for cardholders who frequently travel abroad, as it allows you to use your card internationally without incurring extra charges.
