How to Apply for the Bank of America Premium Rewards Credit Card
Seeking a credit card that combines rewards with flexibility and unparalleled benefits? The Bank of America Premium Rewards Credit Card might be your perfect match. Designed to enhance your purchasing power, this card offers a variety of attractive features for savvy consumers.
One of the standout benefits is the unlimited 2 points for every dollar spent on travel and dining experiences. Additionally, cardholders will appreciate the 1.5 points for every dollar on all other purchases, making it an excellent option for maximizing rewards across everyday expenses. Beyond points, this card provides premium advantages like travel credits and no foreign transaction fees, catering to both frequent travelers and everyday shoppers.
With its combination of competitive rewards and exclusive perks, the Bank of America Premium Rewards Credit Card is designed for those who want more out of their credit card experience. Dive into the specifics of how to apply and elevate your financial journey with a card that truly rewards its users.
Unlocking the Benefits of the Bank of America Premium Rewards Credit Card
1. Reward Points on Every Purchase
The Bank of America Premium Rewards Credit Card offers a robust rewards program that allows you to earn points on every purchase. You’ll earn 2 points for every dollar spent on travel and dining-related purchases and 1.5 points per dollar on all other purchases. This flexibility means whether you’re dining at your favorite local spot or booking your next travel adventure, your spending works harder for you.
2. Travel Benefits and Credits
This credit card is a great companion for frequent travelers, offering up to $200 in combined annual travel credits. This includes a $100 Airline Incidental Statement Credit and a TSA Pre✓® credit every four years to help you breeze through airport security. To maximize these benefits, make sure to plan travel-related purchases with your card to take full advantage of these savings.
3. No Foreign Transaction Fees
For international adventurers, the absence of foreign transaction fees is a standout feature. You’ll avoid the typical 3% fee on purchases made abroad, allowing you to save money while enjoying your travels. This makes it easier to pay in local currencies without the extra cost typically associated with currency exchanges.
4. Enhanced Rewards for Bank of America Customers
If you already bank with Bank of America, you can tap into even more rewards. By enrolling in the Preferred Rewards program, you could increase your points earning power by an additional 25% to 75% on every purchase. For serious savers and investors, this is a great way to maximize return on spending.
5. Comprehensive Travel and Purchase Protections
This card offers peace of mind with its extensive range of protections, including travel accident insurance, trip delay reimbursement, and lost luggage reimbursement. On top of that, you get purchase security and extended warranty coverage on eligible items. These protections ensure that you’re covered for an extensive range of potential issues, both at home and abroad.
LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
The Bank of America Premium Rewards Credit Card offers significant advantages for those looking to maximize their rewards while enjoying numerous travel benefits. Below is a table outlining key features and benefits of this card:
| Category | Details |
|---|---|
| Rewards Structure | 2 points per dollar spent on travel and dining, 1.5 points on all other purchases. |
| Additional Benefits | No foreign transaction fees and $200 annual travel credit for vacation planning. |
This card is designed for travelers who want to earn rewards on everyday purchases while enjoying perks like no foreign transaction fees, which makes it a great option for international travelers. Moreover, the annual travel credit can help offset costs associated with travel arrangements, providing added value to cardholders. By taking advantage of the rewards structure, users can amass points that can be redeemed for cash back, travel, or gift cards, enhancing their purchasing power significantly. Whether you are a seasoned traveler or a casual card user, the Bank of America Premium Rewards Credit Card may present a compelling option for those looking to make the most out of their spending.
Requirements for the Bank of America Premium Rewards Credit Card
- Credit Score: To increase your chances of approval, ensure you have a good to excellent credit score, typically 700 or higher. This indicates a strong credit history and responsible borrowing behavior.
- Minimum Income: While there’s no strict income threshold, demonstrating a steady source of income is vital. A reliable income stream reassures the bank of your ability to manage payments effectively.
- Age Requirement: Applicants must be at least 18 years old, or 21 if you’re a resident of Puerto Rico. This is a standard requirement for credit cards in the United States.
- U.S. Citizenship or Valid Visa: You’ll need to be a U.S. citizen or hold a valid visa, simplifying the identity verification process needed for your credit card application.
- Personal Identification: Keep valid government-issued identification ready. This could be a driver’s license or passport, which helps confirm your identity during the application process.
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 or Branch
To start the application process for the Bank of America Premium Rewards Credit Card, you can either visit the official Bank of America website or walk into a nearby Bank of America branch. For online applications, ensure you have a secure internet connection. You can easily access the site by typing “Bank of America Premium Rewards Credit Card” into your preferred search engine.
Step 2: Complete the Online Application Form
On the website, navigate to the Credit Cards section and select the Premium Rewards Credit Card. Click on “Apply Now” to begin filling out the application form. You will need to provide personal details such as your full name, address, phone number, social security number, employment information, and annual income. Make sure all the information is accurate and complete.
Step 3: Review Terms and Submit Your Application
Before you submit the application, it’s crucial to review the terms and conditions associated with the credit card. Look out for any annual fees, interest rates, and reward information that might apply. Once you are satisfied with the terms, click on “Submit” to send your application for processing.
Step 4: Await Confirmation and Approval
After submission, you will receive confirmation that your application has been received. The bank may perform a credit check as part of the approval process. If approved, Bank of America will notify you via email or phone regarding the decision and next steps, which include receiving your new card.
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 a variety of benefits to cardholders. You can earn unlimited 2 points per $1 spent on travel and dining purchases, and 1.5 points per $1 on all other purchases. Additionally, cardholders can enjoy up to $100 in airline incidental statement credits annually, useful for baggage fees or in-flight purchases. As part of the welcome offer, you can earn 50,000 online bonus points after spending $3,000 in the first 90 days of account opening.
Is there an annual fee for this credit card?
Yes, the Bank of America Premium Rewards Credit Card has an annual fee of $95. However, the value of the rewards and benefits, like the airline incidental credits and the generous points system, often outweigh the cost of the fee for many users, especially those who travel frequently.
Are there any foreign transaction fees with this card?
No, when you use the Bank of America Premium Rewards Credit Card abroad, you won’t incur any foreign transaction fees. This feature makes it an excellent choice for international travelers, as it helps save money when making purchases in other countries.
How does the Bank of America Preferred Rewards program affect my rewards?
If you are a member of the Bank of America Preferred Rewards program, you can boost your rewards earnings by 25% to 75%, depending on your tier. For example, a Gold tier member earns 25% more, while a Platinum Honors member could earn up to 75% more. This makes the card even more rewarding for loyal Bank of America customers.
What kind of insurance or protection benefits does this credit card offer?
The card provides several protection benefits, such as trip delay reimbursement, lost luggage reimbursement, and travel accident insurance. Additionally, it offers purchase security that covers new purchases against damage or theft, making it a strong choice for both travel and everyday use.
