How to Apply for Bank of America Premium Rewards Credit Card
If you’re considering a credit card that offers rewarding benefits and financial flexibility, the Bank of America Premium Rewards Credit Card is worth exploring. Designed for those who value travel perks and everyday rewards, this card not only enhances your purchasing power but also opens doors to a world of exclusive options. With every transaction, you earn points that can be redeemed for a variety of rewards, making each purchase more fulfilling.
Travel enthusiasts will appreciate the card’s offerings, such as travel credits and no foreign transaction fees, providing peace of mind and added savings. Imagine earning points towards discounts on hotels or flights just by booking your family vacation. Furthermore, existing Bank of America customers can benefit from enhanced reward rates, maximizing each dollar spent. By understanding the simple application process, you can elevate your financial journey with rewards that truly add value to your lifestyle.
The Benefits of the Bank of America Premium Rewards Credit Card
Unlimited Points on Every Purchase
The Bank of America Premium Rewards Credit Card offers a simple yet rewarding point structure. Cardholders can earn unlimited 2 points for every $1 spent on travel and dining purchases, and 1.5 points per $1 on all other purchases. This allows you to accumulate points quickly, making it a great choice for frequent diners or travelers. To maximize this benefit, use your card consistently for all eligible travel and dining expenses.
Valuable Travel Benefits
If you are a frequent traveler, this card is even more appealing due to its range of travel-related perks. It includes up to $100 in statement credits for Airport Security programs such as TSA PreCheck or Global Entry every four years. This benefit not only saves money but also time at the airport. Remember to apply for these programs using your card to receive the credit.
Generous Welcome Offer
As a new cardmember, you can take advantage of a generous welcome offer. Typically, after spending a certain amount within the first 90 days of account opening, you’ll receive a substantial point bonus. This can translate into hundreds of dollars in travel or statement credits, so planning major expenses right after receiving your card can help you unlock this reward faster.
No Foreign Transaction Fees
Traveling abroad can come with extra costs, especially when using your credit card. Fortunately, with the Bank of America Premium Rewards Credit Card, there are no foreign transaction fees. This means you can use your card freely outside of the United States without worrying about additional charges, making it a wise choice for international travelers.
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| Feature | Description |
|---|---|
| Earn Rewards | Unlimited 2x points on travel and dining purchases, plus 1.5 points on all other purchases. |
| Flexible Points Redemption | Points can be redeemed for travel, gift cards, cash back, and more, offering great flexibility. |
The Bank of America Premium Rewards Credit Card is designed to provide users with valuable rewards for their spending. You’ll earn 2 points per dollar spent on travel and dining, encouraging cardholders to use their card when they are enjoying meals or planning trips.The flexibility in redeeming points adds to the card’s appeal. Users can convert their points into travel bookings, cash back, or even gift cards, which ensures that you can make the most of your earned rewards. This adaptability allows you to take advantage of benefits that align with your personal goals and spending habits, creating a more customized and rewarding financial experience.
Requirements for the Bank of America Premium Rewards Credit Card
- Credit Score: To enhance your chances of approval, ensure that your credit score is in the good to excellent range, typically 670 or higher. A strong credit history reflects your ability to manage credit responsibly.
- Minimum Income: While Bank of America does not specify a precise income requirement, a steady and sufficient income level helps demonstrate your capacity to handle credit card payments comfortably.
- U.S. Residency: You must be a resident of the United States to apply for this card. Proof of address might be required to verify your residency status, such as a utility bill or rental agreement.
- Age Requirement: Applicants must be at least 18 years old. If you’re younger, you’ll need a co-signer to apply for a credit card account.
- Documentation: Have relevant documentation ready, like a government-issued ID and your Social Security Number, to confirm your identity and citizenship status.
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 Bank of America Website
To begin your application for the Bank of America Premium Rewards Credit Card, visit the official Bank of America website. You can do this by entering “www.bankofamerica.com” into your web browser’s address bar. Once on the homepage, use the search bar or navigate to the credit cards section to find the Premium Rewards Credit Card.
Step 2: Review Card Details
Before starting your application, take a moment to review the card’s features, benefits, and terms. Look for details such as the rewards program, interest rates, and any annual fees. Understanding these aspects will help you make an informed decision about whether this card fits your financial needs.
Step 3: Start Your Application
Once you’re ready to apply, click on the application button marked clearly on the Premium Rewards Credit Card page. This will take you to an online application form. You’ll need to provide personal details like your name, address, Social Security number, and financial information such as your annual income.
Step 4: Submit Your Application
After filling out the application form, double-check all the information for accuracy. Ensure everything is correct before you press the **Submit** button. Submitting an accurate application is crucial for a smooth approval process.
Step 5: Await Approval and Receive Your Card
Once your application is submitted, Bank of America will review your information. This process might take a few days. If approved, you’ll receive your Premium Rewards Credit Card in the mail. If additional verification is needed, a Bank of America representative may contact you for further information.
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 rewards offered by the Bank of America Premium Rewards Credit Card?
The Bank of America Premium Rewards Credit Card provides enticing rewards suitable for frequent travelers and everyday spenders alike. You can earn 2 points for every dollar spent on travel and dining purchases, and 1.5 points per dollar on all other purchases. These points can be redeemed for cash back, travel, gift cards, and more, making it a versatile option for maximizing your spending.
Is there an annual fee for the Bank of America Premium Rewards Credit Card?
Yes, there is an annual fee associated with this card. The fee is $95 per year. However, if you frequently take advantage of the card’s rewards program and benefits, you may find that the rewards outweigh the cost of the annual fee.
Does the Bank of America Premium Rewards Credit Card offer any travel benefits?
Indeed, the card offers a host of travel benefits that are particularly appealing to travelers. It includes up to $100 in statement credits for airline incidental fees and an additional up to $100 for Global Entry or TSA Pre✓® application fees. Moreover, cardholders can enjoy travel and emergency assistance services, roadside dispatch, and global travel accident insurance, providing peace of mind while on the road.
Is there a foreign transaction fee with the Bank of America Premium Rewards Credit Card?
No, there is no foreign transaction fee for transactions made abroad. This makes it an excellent choice for international travelers, as you can avoid additional costs when making purchases outside of the United States.
How does the Bank of America Premium Rewards Credit Card integrate with the Bank of America Preferred Rewards program?
Cardholders enrolled in the Bank of America Preferred Rewards program can enjoy an additional bonus of 25% to 75% on their rewards points, depending on their tier level within the program. This integration can significantly enhance the value of your rewards, especially if you maintain substantial balances in Bank of America banking accounts. This makes the card an even better fit for those who are already Bank of America customers or planning to build a stronger banking relationship with them.
