Apply for the Bank of America Premium Rewards Elite Credit Card Today
For those who seek to elevate their travel and dining experiences, the Bank of America Premium Rewards Elite Credit Card might just be your ideal companion. This card is designed with savvy travelers in mind, offering a remarkable array of benefits that cater to a variety of lifestyle needs.
Imagine earning unlimited 2 points for every dollar spent on travel and dining purchases, which can quickly add up if you’re a frequent traveler or a foodie. Additionally, you’ll earn 1.5 points on all other purchases, ensuring you’re rewarded for every dollar spent. Cardholders also gain access to luxurious travel perks like airport lounge access and travel credits.
All these rewards come with the advantage of being backed by the trusted name of Bank of America, making it not only a reliable choice but also a smart financial tool. Discover how this credit card can enrich your purchasing power by diving deeper into its features and benefits.
Benefits of the Bank of America Premium Rewards Elite Credit Card
1. Generous Rewards Program
The Bank of America Premium Rewards Elite Credit Card offers a remarkable rewards program. For every dollar spent, you earn valuable points that can be redeemed for travel, cash back, or even to pay down your balance. You earn 2 points per dollar on travel and dining, and 1.5 points per dollar on all other purchases. This structure allows you to accumulate points quickly, especially if you frequently travel or dine out. To maximize this benefit, consider covering high-cost expenses like vacation bookings or frequent dining bills with this card to gather points faster.
2. Travel and Purchase Protections
Travel confidently knowing you’re protected with benefits such as trip cancellation/interruption insurance, lost luggage reimbursement, and travel accident insurance. Additionally, the card offers extended warranty and purchase protection, which can be incredibly useful for high-ticket items. To make the most out of these safety nets, always use your Premium Rewards Elite Credit Card for booking travel and purchasing electronics or other expensive items.
3. No Foreign Transaction Fees
For those who travel abroad, using a credit card with no foreign transaction fees like the Bank of America Premium Rewards Elite is a no-brainer. This saves you approximately 3% per transaction that many other cards charge for international purchases. Always opt for this card when making purchases in another country to avoid unnecessary fees and to make the most of your rewards points overseas.
4. Complimentary Airport Lounge Access
Enjoy the luxury of airport lounges with complimentary access through the Priority Pass Select program. This benefit can turn long layovers into relaxation time in comfortable lounges equipped with amenities like Wi-Fi, snacks, and drinks. To utilize this benefit, ensure your card is activated with Priority Pass and always keep it handy when traveling.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD
The Bank of America Premium Rewards Elite Credit Card is a highly sought-after option for those looking to maximize rewards on their everyday spending. Not only does this card offer lucrative points on purchases, but it also comes with a range of compelling benefits that cater to the needs of savvy consumers.For instance, cardholders earn 3 points per dollar on travel and dining purchases, ensuring that every meal and trip contributes significantly to rewards accumulation. Additionally, 2 points per dollar are awarded for online shopping and grocery store purchases, making it easy to earn rewards while fulfilling daily needs.Moreover, the card boasts an impressive welcome bonus that can be achieved by spending a specified amount within the first 90 days. This bonus can significantly boost rewards points right from the start, providing a great incentive to potential cardholders. The versatility of earning points extends to various categories, aligning perfectly with lifestyle choices and spending habits.The Premium Rewards Elite Credit Card is also tailored for travelers. Cardholders enjoy a range of travel benefits, including a complimentary annual airline incidentals credit that can be used towards baggage fees or in-flight purchases. Furthermore, this card offers no foreign transaction fees, allowing international travelers to use their card without worrying about additional charges, thereby enhancing the travel experience.Another noteworthy aspect is the additional assistance and protections provided. For instance, travel insurance and purchase protection services ensure that cardholders secure peace of mind while traveling or making purchases, safeguarding against unexpected events or mishaps.These features make the Bank of America Premium Rewards Elite Credit Card not only a rewarding option but also a flexible and secure choice for various consumer needs. Whether you are a frequent traveler or simply looking to maximize benefits from daily purchases, this credit card offers significant advantages to enhance your financial journey.
Requirements for the Bank of America Premium Rewards Elite Credit Card
- Minimum Credit Score: Applicants should generally have a strong credit profile with a score of 720 or above to qualify for the Bank of America Premium Rewards Elite Credit Card. This demonstrates to the issuer that you are responsible with credit and can handle high-level financial products.
- Proof of Income: You will need to provide documentation for your annual income. While there is no official minimum income threshold, ensure your income aligns with the expectation of handling a premium card’s fees and potential credit limits.
- US Residency: Since this card is available in the United States, you must be either a US citizen or a legal resident. Be prepared to show documents such as a Social Security number or Taxpayer Identification Number during the application process.
- Existing Bank of America Relationship: While not mandatory, having an existing relationship with Bank of America, such as a checking or savings account, can enhance your application, offering potential additional benefits.
- Age Requirement: Applicants must be at least 18 years old to apply for a credit card in the United States. Ensure you have a valid ID for verification purposes.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD
How to Apply for the Bank of America Premium Rewards Elite Credit Card
Step 1: Visit the Bank of America Website
Start by visiting the official Bank of America website. You can easily navigate to the credit card section by using the menu at the top of the homepage. Look for the “Credit Cards” tab and hover over it to see the available options. Click on “Premium Rewards Elite Credit Card” to get detailed information about the card features, benefits, and requirements.
Step 2: Review Card Details and Eligibility
Once you’re on the Premium Rewards Elite Credit Card page, take a moment to review the card details and eligibility requirements. It’s important to understand the benefits, such as travel rewards and purchase protection, as well as any fees associated with the card. Make sure you meet the eligibility criteria, which usually include having a good credit score and a verifiable income source.
Step 3: Gather Necessary Information
Before starting your application, have your personal and financial information ready. This includes your Social Security number, employment details, annual income, and any other relevant financial information. Having these details prepared will make the application process smoother and quicker.
Step 4: Complete the Online Application
Click on the application button on the same page to start the online application process. Follow the instructions carefully, filling out each section with your personal and financial information. Double-check your input for accuracy, as mistakes may delay the approval process.
Step 5: Submit Your Application and Await Approval
After ensuring all information is correct, submit your application. You will receive a confirmation email once Bank of America receives your application. Approval times can vary, but many applicants receive a response within a few days. If approved, your new Bank of America Premium Rewards Elite Credit Card will be mailed to you, along with instructions on how to activate it.
GET YOUR BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD THROUGH THE WEBSITE
Frequently Asked Questions about the Bank of America Premium Rewards Elite Credit Card
What are the primary benefits of the Bank of America Premium Rewards Elite Credit Card?
The Bank of America Premium Rewards Elite Credit Card offers several enticing benefits. Cardholders earn unlimited 2 points per dollar on travel and dining and 1.5 points per dollar on all other purchases. Additionally, you can enjoy a range of travel perks, such as an annual airline incidental credit and access to luxury airport lounges, adding extra comfort and value to your travel experiences.
Does this card have an annual fee?
Yes, the Bank of America Premium Rewards Elite Credit Card does have an annual fee. The fee is $550, which is reflective of the card’s premium benefits and rewards structure. It’s important to assess the value of the perks you will use to determine if the annual fee justifies the benefits for your lifestyle.
What is the credit score requirement for this card?
This card is geared towards individuals with a strong credit profile. Typically, a good to excellent credit score, usually 720 or higher, is recommended to increase the likelihood of approval. Ensuring you maintain a solid credit history can improve your chances of qualifying for this premium card.
Does this card charge foreign transaction fees?
No, the Bank of America Premium Rewards Elite Credit Card does not charge any foreign transaction fees. This makes it an excellent choice for international travel, as you can use your card abroad without incurring additional costs on your purchases.
Are there any travel protections included with this card?
Yes, this card includes a variety of travel protections. Benefits such as trip cancellation or interruption insurance, lost luggage reimbursement, and travel accident insurance are provided to help safeguard your travel plans and provide peace of mind while on the go.
