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

When considering a robust credit card option that promises a rewarding experience, many turn to the Bank of America Premium Rewards Credit Card. With benefits that cater to savvy travelers and everyday spenders alike, this card is more than just a payment tool; it’s a gateway to earning rewards that can enhance your financial lifestyle.

Earn unlimited points on travel and dining purchases, while also enjoying a substantial introductory bonus that can jumpstart your reward balance. Whether it’s doubling down on your gas and grocery spending or snagging the occasional cash-back offer, the flexibility and advantages are clear. As you navigate the application process, you’ll discover how straightforward it can be to unlock these benefits and tailor them to your personal financial goals. Dive into understanding how you can apply for the Bank of America Premium Rewards Credit Card and elevate your spending power today.

Benefits of the Bank of America Premium Rewards Credit Card

1. Reward Points

With the Bank of America Premium Rewards Credit Card, every dollar you spend translates into reward points. You’ll earn 2 points for every dollar spent on travel and dining purchases and 1.5 points for every dollar spent on all other purchases. These points can be redeemed for travel, cash back, gift cards, or other options. To maximize your benefits, ensure to use the card primarily for travel and dining, which yields the highest points.

2. Travel Credit

Cardholders receive up to $100 in airline incidental statement credits annually. This means that fees like baggage charges or in-flight services can be offset using this credit. To get the most out of this benefit, plan your travel expenses and use your card for these specific charges.

3. No Foreign Transaction Fees

When traveling internationally, using your Bank of America Premium Rewards Credit Card saves you money because there are no foreign transaction fees. This is particularly beneficial for frequent travelers who make purchases in foreign currencies, as it keeps additional costs to a minimum. Always use this card when abroad to avoid unnecessary fees.

4. Sign-up Bonus

New cardholders have the opportunity to earn a significant sign-up bonus by spending a certain amount within the first 90 days. This can jumpstart your rewards and provide initial savings. Keep track of your spending within those first three months to ensure you qualify for this bonus.

5. Mobile Banking Convenience

The card is integrated with Bank of America’s robust mobile banking system, offering easy access to your account, real-time transaction alerts, and quick payment options. Use the mobile app to keep track of your spending, pay your bills, and manage your credit card activities efficiently on the go.

SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

The Bank of America Premium Rewards Credit Card is designed for those who seek value and flexibility in their credit card rewards. Not only does it offer a competitive points system, but it also provides a generous welcome offer that adds an immediate benefit after sign-up. The first year without an annual fee is particularly attractive, making it easier for new cardholders to enjoy the card’s benefits. By providing options for travel and cash back, this card caters to diverse preferences, ensuring that users can utilize the rewards in the way that best suits their needs.

Requirements for the Bank of America Premium Rewards Credit Card

• Strong Credit Score: Typically, applicants need a strong credit score to qualify. This generally means a FICO score of 750 or higher, demonstrating your creditworthiness based on past credit behavior.
• Minimum Age: You must be at least 18 years old to apply for the card. If you apply online and are under the age of 21, you may need to provide proof of income or a cosigner.
• Proof of Income: Applicants need to present a reliable source of income, ensuring that they can manage the credit card payments. This might include pay stubs or tax returns.
• U.S. Citizenship or Residency: As per Bank of America’s requirement, you need to be a U.S. citizen or a legal resident to apply for this credit card.
• Banking Relationship: Existing relationships with Bank of America may influence your approval chances and the benefits you receive. Being an existing customer could potentially ease your application process.
• Identification Documents: A government-issued ID, such as a driver’s license or passport, is typically required to verify your identity.

SEE HOW 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 process for the Bank of America Premium Rewards Credit Card, head to the official Bank of America website. You can easily find the credit card section on the homepage. Look for the Credit Cards category, and select the Premium Rewards Credit Card option. This will direct you to the detailed page containing information about the credit card’s features and benefits.

Step 2: Review Card Benefits and Details

Before proceeding, it’s important to understand what the card offers. Carefully review the rewards, fees, and interest rates to ensure it aligns with your financial goals. For instance, the card might offer travel benefits, dining rewards, or cashback. Make sure these align with your spending habits to maximize the potential rewards.

Step 3: Complete the Online Application Form

Once you’re satisfied with the card’s benefits, click on the Apply Now button. You’ll be redirected to an online application form, requiring your personal details such as your name, address, and Social Security Number. You’ll also need to provide employment and income information. Ensuring accuracy in these details is crucial to avoid any issues during the approval process.

Step 4: Submit Your Application

After filling in all the required information, review the details for any corrections. Once verified, submit your application. You should receive a confirmation that your application is under review. Keep an eye on your email for any updates or requests for further information.

Step 5: Receive Your Approval

If approved, you will receive your Bank of America Premium Rewards Credit Card via mail, along with terms and conditions. Approval times can vary, so patience may be required. Once received, activate your card as instructed, and start enjoying the rewards and benefits.

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 key benefits of the Bank of America Premium Rewards Credit Card?

The Bank of America Premium Rewards Credit Card offers several noteworthy benefits. Cardholders earn 2 points for every dollar spent on travel and dining purchases and 1.5 points for every dollar on all other purchases. Additionally, the card provides up to $200 in combined airline incidental and TSA PreCheck or Global Entry statement credits. There are no foreign transaction fees, making it an excellent choice for international travelers.

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

Yes, there is an annual fee of $95 for the Bank of America Premium Rewards Credit Card. Despite the fee, many cardholders find that the rewards and benefits, such as travel credits and points, can offset this cost when utilized effectively.

How does the rewards program work, and how can I redeem my points?

The rewards program for the Bank of America Premium Rewards Credit Card is straightforward. Points can be redeemed for a variety of options, including travel, cash back, and gift cards. To maximize the value of your points, you can log into your Bank of America account online or through the mobile app to choose your preferred redemption option. The flexibility in using points provides a tailored experience for cardholders.

Are there any specific travel benefits or protections offered by this card?

Yes, this card provides several travel benefits and protections. Cardholders receive travel accident insurance, baggage delay insurance, and trip delay reimbursement, among other protections. This means if your travel plans encounter unexpected hiccups, you may receive financial compensation or reimbursement, offering peace of mind during traveling.

What is the introductory APR for the Bank of America Premium Rewards Credit Card?

Currently, the Bank of America Premium Rewards Credit Card does not offer a specific introductory APR period for new purchases or balance transfers. The ongoing APR is determined based on your creditworthiness. It’s important to regularly review the terms to understand the interest rates applicable to your account.