Apply for Bank of America Premium Rewards Credit Card Easy Steps

Designed for those seeking to maximize their travel and dining experiences, the Bank of America Premium Rewards Credit Card offers a blend of flexible rewards and valuable benefits. Imagine earning points on every purchase, with 2 points per dollar on travel and dining and 1.5 points per dollar on all other purchases. Whether you’re booking a flight or enjoying a meal out, every swipe brings you closer to your next reward.

Moreover, the card comes with an enticing welcome offer that can jumpstart your rewards journey. For the frequent traveler, perks like no foreign transaction fees, travel insurance, and up to $100 in airline incidental statement credits are compelling benefits. Plus, if you’re a Bank of America Preferred Rewards client, you’ll enjoy even greater rewards. This card combines practicality and perks, making it an appealing choice for savvy spenders looking to amplify their purchasing power.

Benefits of the Bank of America Premium Rewards Credit Card

1. Earn Unlimited Rewards

The Bank of America Premium Rewards Credit Card allows you to earn unlimited 2 points for every dollar spent on travel and dining, and 1.5 points per dollar on all other purchases. If you frequently travel or dine out, this card can help you accumulate rewards faster. Remember to always pay your balance in full each month to avoid interest charges, allowing you to maximize your rewards without incurring additional costs.

2. Travel and Purchase Coverage

With this card, you benefit from comprehensive travel and purchase protection, including trip cancellation and interruption insurance, lost luggage reimbursement, and travel accident insurance. These can provide peace of mind if your journey doesn’t go as planned. Furthermore, the card offers purchase protection and extended warranty benefits, ensuring that your purchases are safeguarded against potential damages or theft.

3. No Foreign Transaction Fees

For those who travel internationally, the absence of foreign transaction fees is a significant perk. This means you won’t be charged extra for purchases made outside the United States. It’s a great way to save money abroad, as some cards can charge up to 3% in foreign transaction fees.

4. Elite Status with Preferred Rewards

Cardholders who are also members of the Bank of America Preferred Rewards program can receive a rewards bonus of 25% to 75%, depending on their tier. This is an excellent opportunity to further leverage your savings and rewards. If you don’t have a Bank of America account, consider opening one to take advantage of this benefit.

5. Travel and Dining Credits

Enjoy annual travel credits of up to $100 for incidental airline fees such as seat upgrades or baggage fees. Additionally, you’ll receive up to $100 in statement credit for Global Entry or TSA Pre✓® application fees every four years. These credits can significantly reduce the overall cost of your travel expenses.

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The Bank of America Premium Rewards Credit Card stands out due to its attractive bonus points and cash back features. With a commendable sign-up bonus and notable rewards on daily purchases, it offers significant value to new cardholders. The ability to earn rewards not only enhances the card’s appeal but also encourages users to use it for a variety of expenses. For individuals who travel frequently or dine out often, the cash back structure provides practical savings.Additionally, this card comes with no annual fee for the first year, enabling individuals to maximize their rewards without incurring extra costs. Overall, the combination of reward points and cash back encourages responsible spending, allowing cardholders to enjoy benefits while managing their finances wisely.

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

• Credit Score: Applicants typically need a good to excellent credit score, usually around 670 or higher, to qualify for the Bank of America Premium Rewards Credit Card. A higher score can increase the likelihood of approval and may lead to more favorable terms.
• Income Verification: While there is no specific minimum income requirement disclosed, applicants need to demonstrate a stable and sufficient income to support credit responsibilities. Be prepared to provide proof through documents like pay stubs or tax returns.
• Identification: Valid identification is essential when applying. U.S. citizens can use a Social Security Number (SSN), whereas resident aliens will need to provide an Individual Taxpayer Identification Number (ITIN).
• Banking Relationship: Although not explicitly required, having an existing banking relationship with Bank of America could be advantageous. It may simplify the application process and potentially improve the chances of approval.
• Age Requirement: Applicants must be at least 18 years old to apply for any credit card in the United States, including the Bank of America Premium Rewards Credit Card.

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

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, you have two main options: visiting the Bank of America website or going to a local branch. If you choose to apply online, go to the official Bank of America website. There, you can search for the “Premium Rewards Credit Card.” For those who prefer a face-to-face interaction, visiting a local branch allows you to speak with a representative who can guide you through the application process.

Step 2: Check Your Eligibility

Before applying, it’s important to ensure you qualify for the card. Typically, credit cards like the Bank of America Premium Rewards Credit Card require a good to excellent credit score. Having a clear understanding of your credit rating helps set realistic expectations. You can check your credit score through various financial services or even on some banking platforms.

Step 3: Complete the Application Form

Once you have confirmed your eligibility, proceed with filling out the application form. Online applicants will find this form on the website, whereas in-branch applicants will receive a physical form. Be prepared to provide personal information such as your social security number, employment details, income, and contact information. It is crucial to complete every section accurately to avoid any delays.

Step 4: Submit Your Application

After double-checking all the information on your application for accuracy, submit your application. Online submissions are usually confirmed instantly with an on-screen notification, while in-branch applications may receive a confirmation via email or mail. Keep an eye out for any confirmation messages to stay updated on your application’s status.

Step 5: Wait for Approval

Bank of America will review your application and make a decision based on their lending criteria. This process may take a few business days. Upon approval, you will receive your new Bank of America Premium Rewards Credit Card within a specified period, along with all necessary instructions on activating and 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 benefits, including earning unlimited 2 points per dollar on travel and dining purchases and 1.5 points per dollar on all other purchases. Additionally, cardholders can enjoy up to $100 in airline incidental statement credits and up to $100 in Global Entry or TSA PreCheck® credits every four years to cover the application fee. These features make it an excellent choice for frequent travelers and diners.

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

Yes, the Bank of America Premium Rewards Credit Card has an annual fee of $95. While some might be wary of paying an annual fee, it’s important to weigh the costs against the potential rewards and benefits. Frequent travelers who can take full advantage of the card’s points system and credits may find the annual fee to be a worthwhile investment.

How does the rewards point system work with this credit card?

The rewards point system on the Bank of America Premium Rewards Credit Card is straightforward. You earn 2 points for every $1 spent on travel and dining, which is ideal for those who often travel or eat out. For all other purchases, you earn 1.5 points for every $1 spent. There is no limit to the number of points you can earn, and the points don’t expire as long as your account is open and in good standing.

Can the points earned with this card be used for cash back or travel?

Yes, the points you earn with the Bank of America Premium Rewards Credit Card can be redeemed in a variety of ways. You can use your points for cash back, which can be credited to your account or deposited into a checking or savings account at Bank of America. Points can also be redeemed for travel, gift cards, or other products and services. This flexibility allows you to choose the redemption option that best suits your personal financial goals.

Are there any specific qualifications to apply for the Bank of America Premium Rewards Credit Card?

Applicants for the Bank of America Premium Rewards Credit Card generally need to have good to excellent credit. While specific approval criteria are not publicly disclosed, a credit score in the range of 670 or higher is typically expected. Applicants will also need to provide standard personal and financial information during the application process, such as income and employment details.