The Bank of America Premium Rewards Credit Card is a popular choice for travelers and everyday spenders alike. With its generous rewards program, no foreign transaction fees, and a host of premium benefits, this card is designed to cater to those who want to maximize their spending power. In this comprehensive guide, we’ll explore everything you need to know about the Bank of America Premium Rewards Credit Card in 2025, including its benefits, fees, and answers to frequently asked questions.
What is the Bank of America Premium Rewards Credit Card?
The Bank of America Premium Rewards Credit Card is a premium travel and everyday spending card that offers a robust rewards program, travel benefits, and no foreign transaction fees. It’s ideal for individuals who want to earn rewards on both travel and daily purchases while enjoying premium perks.
1. Bank of America Premium Rewards Elite
The Bank of America Premium Rewards Elite is a higher-tier version of the Premium Rewards Credit Card. While the standard Premium Rewards card is already packed with benefits, the Elite version offers additional perks such as higher rewards rates, enhanced travel benefits, and exclusive access to premium services. However, as of 2025, Bank of America has not officially released an “Elite” version of this card. The standard Premium Rewards card remains the primary offering.
Also Read
2. Premium Rewards Bank of America
The Premium Rewards Bank of America card is designed for those who want to earn rewards on both travel and everyday purchases. It offers:
- 2 points per $1 on travel and dining
- 1.5 points per $1 on all other purchases
- No foreign transaction fees
- Travel credits and insurance benefits
3. Bank of America Premium Rewards Credit Card
The Bank of America Premium Rewards Credit Card is a versatile card that combines travel rewards with everyday spending benefits. Key features include:
- Sign-Up Bonus: Earn a generous bonus after meeting the minimum spending requirement.
- Rewards Rates: Earn 2x points on travel and dining, and 1.5x points on all other purchases.
- Travel Credits: Receive up to $100 in airline incidental credits annually.
- No Foreign Transaction Fees: Perfect for international travelers.
4. Bank of America Premium Reward Credit Card
The Bank of America Premium Reward Credit Card (note the singular “Reward”) is another way to refer to the Premium Rewards Credit Card. It offers the same benefits, including:
- High rewards rates
- Travel credits
- No foreign transaction fees
- Travel and purchase protections
1. Rewards Program
- 2x Points on Travel and Dining: Earn 2 points for every $1 spent on travel and dining purchases.
- 1.5x Points on All Other Purchases: Earn 1.5 points for every $1 spent on all other purchases.
- Flexible Redemption Options: Redeem points for cash back, travel, gift cards, or statement credits.
2. Travel Benefits
- **100AirlineIncidentalCredit∗∗:Receiveupto100 in statement credits for airline incidental fees each year.
- No Foreign Transaction Fees: Save money on international purchases.
- Travel Insurance: Enjoy travel accident insurance, trip delay reimbursement, and lost luggage reimbursement.
3. Additional Perks
- Free FICO® Score Access: Monitor your credit score for free.
- Contactless Payments: Use your card for secure and convenient contactless payments.
- Premium Customer Service: Access 24/7 customer support.
Fees and Charges
- Annual Fee: $95
- Variable APR: 18.24% – 25.24%, based on creditworthiness.
- Balance Transfer Fee: Either $10 or 3% of the amount transferred, whichever is greater.
- Cash Advance Fee: Either $10 or 5% of the amount advanced, whichever is greater.
You have to wait 30 seconds.
Frequently Asked Questions (FAQs)
1. Does Bank of America Premium Rewards Have Foreign Transaction Fees?
No, the Bank of America Premium Rewards Credit Card has no foreign transaction fees, making it an excellent choice for international travelers.
2. Is Bank of America Premium Rewards Card Metal?
No, the Bank of America Premium Rewards Credit Card is not made of metal. It is a standard plastic card.
3. Is Bank of America Premium Rewards Card Worth It?
Yes, the Bank of America Premium Rewards Credit Card is worth it for individuals who frequently travel and dine out. The card’s rewards program, travel credits, and no foreign transaction fees make it a valuable option.
4. Can Bank of America Premium Rewards Points Be Transferred?
No, Bank of America Premium Rewards points cannot be transferred to other loyalty programs. However, they can be redeemed for cash back, travel, gift cards, or statement credits.
5. Does Bank of America Premium Rewards Have Travel Insurance?
Yes, the Bank of America Premium Rewards Credit Card offers several travel insurance benefits, including:
- Travel accident insurance
- Trip delay reimbursement
- Lost luggage reimbursement
Conclusion
The Bank of America Premium Rewards Credit Card is a versatile and rewarding option for travelers and everyday spenders. With its generous rewards program, no foreign transaction fees, and premium travel benefits, this card offers excellent value for its $95 annual fee. Whether you’re booking a flight, dining at your favorite restaurant, or shopping online, the Premium Rewards card helps you earn more on every purchase.
For more information or to apply, visit the official Bank of America website.
