How to Apply for Bank of America Premium Rewards Credit Card
Unlock Exclusive Benefits with the Bank of America Premium Rewards Credit Card
The Bank of America Premium Rewards Credit Card is more than just a payment tool—it’s a gateway to a world of exclusive benefits and rewards. This card is perfect for both the globe-trotting traveler and the everyday consumer looking for added value. By using this card, you can earn unlimited points on every purchase, which can be redeemed for a variety of options, including travel, cashback, and gift cards. The freedom to earn without restrictions means that every expense, whether big or small, contributes to your rewards balance.
One of the most appealing features of this card is the travel-related benefits. For frequent travelers, the card offers perks such as travel credits that can be used for expenses like baggage fees or in-flight purchases. Furthermore, there’s no need to worry about additional charges abroad because there are no foreign transaction fees. This can result in significant savings for those who frequently travel internationally.
Designed for the Savvy Spender
The Premium Rewards Credit Card is specifically designed to suit the needs of a savvy spender. It provides financial empowerment through competitive reward rates, ensuring you get the most out of every dollar spent. Alongside generous rewards, the card includes robust travel insurance benefits, such as trip cancellation and interruption coverage. This means you can secure peace of mind knowing that your travel investments are protected in unforeseen circumstances.
- Earn unlimited points on every purchase
- Receive annual travel credits
- Enjoy no foreign transaction fees
- Benefit from comprehensive travel insurance
Applying for this credit card is straightforward, and the process is designed to be as user-friendly and simple as possible. By taking just a few steps, you can incorporate this powerful financial tool into your life and start maximizing your rewards. Understanding how to leverage your expenditures to earn rewards can significantly enhance your financial journey. With the right approach, you’re just a few steps away from a smarter, more rewarding spending experience.
Benefits of the Bank of America Premium Rewards Credit Card
1. Earning Rewards Points
One of the key benefits of the Bank of America Premium Rewards Credit Card is its robust rewards points system. You earn 2 points for every $1 spent on travel and dining purchases, and 1.5 points for every $1 spent on all other purchases. This makes it an excellent choice for those who frequently dine out or travel.
Tip: Maximize your rewards by using the card for all your travel and dining expenses. Over time, these points can add up quickly, allowing you to redeem them for travel, cash back, gift cards, and more.
2. Generous Travel Credits
The card offers an annual travel credit of up to $100 for airline incidental fees such as seat upgrades, baggage fees, or in-flight purchases. This feature is ideal for regular travelers looking to save on extra travel costs.
Tip: Plan your travel-related purchases to ensure you take full advantage of this $100 credit each year, effectively reducing your out-of-pocket expenses.
3. No Foreign Transaction Fees
With no foreign transaction fees, the Bank of America Premium Rewards Credit Card allows you to make purchases abroad without worrying about additional charges. This feature benefits international travelers who want to enjoy their trips without the hassle of extra fees.
Tip: Use this card for all your international purchases to take full advantage of this benefit, ensuring you save money every time you travel abroad.
4. Comprehensive Travel and Purchase Protections
The card includes several protections for both travel and everyday purchases. These protections include trip delay reimbursement, lost luggage reimbursement, and up to $500,000 in travel accident insurance. Additionally, the card provides purchase protection against theft or damage for eligible items within 90 days of purchase.
Tip: Make sure to review the detailed terms of these protections to understand how you can benefit from them when planning trips or making high-value purchases.
GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE
| Category 1 | Category 2 |
|---|---|
| Rewards Program | Earn 2x points on travel and dining. |
| Welcome Bonus | Receive a sizeable bonus after a minimum spend. |
The Bank of America Premium Rewards Credit Card stands out with its exceptional rewards structure. With every purchase in the travel and dining categories, cardholders earn double points, maximizing potential earnings from everyday spending. This feature encourages users to choose the card for everyday purchases, facilitating both reward accumulation and travel planning.Moreover, the welcome bonus adds an attractive incentive for new users. Upon meeting a specified spending requirement within the initial months, cardholders can unlock a lucrative points bonus. This approach not only rewards loyal customers but also provides an exciting start to their rewards journey. Customers can utilize these points to enhance their travel experiences through discounts or upgrades, making the card a valuable tool for frequent travelers. Understanding the benefits of the Bank of America Premium Rewards Credit Card can motivate individuals to leverage its features wisely for better financial outcomes.
Requirements for the Bank of America Premium Rewards Credit Card
- Minimum Age: Applicants must be at least 18 years old. This is a standard requirement for most credit cards, ensuring the applicant is legally able to enter into a credit agreement.
- Social Security Number: A valid Social Security number or Individual Taxpayer Identification Number (ITIN) is necessary. This is used to verify your identity and assess credit history.
- Credit Score: A good to excellent credit score is typically required, which generally means a score of 700 or higher. This ensures you are financially responsible and capable of managing credit effectively.
- Proof of Income: Documentation such as pay stubs or tax returns may be required to verify a steady source of income. This helps the bank determine your ability to repay any credit extended to you.
- U.S. Address: A permanent U.S. residence is needed to apply. This helps in the bank’s assessment of your stability and creditworthiness.
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 start your application process, visit the official Bank of America website. You can easily find the Premium Rewards Credit Card page using the search bar or by navigating through the credit cards section. This page will provide an overview of the card’s features and benefits, helping you understand what makes it a suitable choice for your lifestyle.
Step 2: Check the Eligibility Requirements
Before applying, it’s crucial to ensure that you meet the eligibility criteria for the Premium Rewards Credit Card. Typically, this includes being at least 18 years old, having a valid Social Security Number, and meeting credit score requirements. These criteria help determine your chances of approval and ensure that you are applying for a product that matches your financial situation.
Step 3: Prepare Necessary Information
Gather all the necessary information and documents needed for your application. This generally includes your personal details such as address, contact information, employment details, and annual income. Having this information readily available will expedite the application process and reduce any potential delays.
Step 4: Fill Out the Online Application Form
Proceed by filling out the online application form on the credit card’s page. Enter all required information accurately. Double-check each detail before submitting to avoid any errors that could hinder the approval process. You may also have the option to apply over the phone or in-person at a local branch if you prefer.
Step 5: Submit Your Application and Await Approval
After completing the application form, submit it and wait for a decision from Bank of America. The bank will review your application and notify you of their decision, typically within a few minutes to a few days. If approved, you will receive your card in the mail within a few business days.
VISIT THE WEBSITE TO LEARN MORE
Frequently Asked Questions About the Bank of America Premium Rewards Credit Card
What are the key benefits of the Bank of America Premium Rewards Credit Card?
The Bank of America Premium Rewards Credit Card offers several enticing benefits. One of the main highlights is the card’s 2 points per dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. Additionally, cardholders can enjoy up to $100 in travel statement credits annually and a $100 credit for TSA Pre✓® or Global Entry application fees. These features add great value, especially to frequent travelers.
What is the annual fee for the Bank of America Premium Rewards Credit Card?
The card comes with a $95 annual fee. While this may seem like a downside, the rewards and benefits, such as travel credits and bonus points for spending, can easily outweigh the cost for those who utilize them.
How do the reward points work, and how can I redeem them?
Reward points accumulate based on your spending. You earn 2 points per dollar on travel and dining and 1.5 points per dollar on all other purchases. These points can be redeemed for a variety of options, including cash back, travel purchases, gift cards, and merchandise. To maximize value, consider redeeming points for travel expenses.
Is there a foreign transaction fee with this credit card?
No, there isn’t a foreign transaction fee with the Bank of America Premium Rewards Credit Card, making it an excellent choice for international travelers. You can use this card worldwide without worrying about additional charges on overseas purchases.
How does the $100 travel credit work?
The $100 travel credit is applied to incidental airline expenses charged to your card. This includes items such as baggage fees, seat upgrades, and in-flight services. It’s an annual benefit that resets each calendar year, allowing you to benefit from it indefinitely for as long as you hold the card.
