Bank of America® Premium Rewards®

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Score Needed: Good to Excellent

At a glance

Welcome Offer

60,000 online bonus points — a $600 value — after you make at least $4,000 in purchases in the first 90 days of account opening.

Limited Time Offer

New Offer

All time high

Rewards

**2X **points on dining and travel purchases

unlimited 2 points for every $1 spent on dining purchases

Points on other purchases

Intro APR

N/A

Balance Transfer Intro

N/A

Regular APR

20.74% - 28.74% Variable APR on purchases and balance transfers

Annual Fee

$95

Bank of America® Premium Rewards®

Application Tips

Get the best results with each application

Thinking About 2 Cards? You cannot get approved if you have more than a total of 5 Bank Of America credit cards open

No direct line. If declined, you can call the new accounts fraud department, and they can connect you to the reconsideration department

Approval Rules: Bank of America is unlikely to approve a new credit card if you currently have more than five open Bank of America credit cards. Additionally, according to the 2/6 Rule, Bank of America generally does not approve new credit card applications if you have opened more than two credit cards from any issuer in the past 12 months. However, this limit is relaxed to six cards in the past 12 months if you hold a Bank of America bank account. For the Bank AmeriCard, you may be ineligible for a new card if you currently have, or have had, the Bank AmeriCard within the past 24 months, as eligibility typically requires the previous card to be closed for a full 24 months.

Limit Increase

Credit Inquires

No items found at this time

If you freeze Experian you may be able to call reconsideration and request they pull one of the other credit bureaus)

Application Inquires Credit inquiries for all Personal BOA cards for applications within 30 days will be combined

Welcome Offer Eligibility:

Downgrade Options

Getting your card

Rescore your report: Some people have been successful in getting Bank Of America to update their balance off-cycle by calling and asking to speak to the credit bureau reporting department, then asking to speak to a manager/underwriter to submit an off-cycle request. If successful the update will take 28 hours.

When applying for a new credit card, keep your balances below 10% of your limit on each existing card. Pay down balances and wait for each card's closing date, avoiding new charges. Some banks let you update balances anytime by phone, and Chase will automatically report a $0 balance after payment.

Card Benefits

Card holder benefits

As a card member, you have access to a wide range of benefits that come included with your membership. Take a look.

Reward Terms

No items found.

Travel Medical Insurance

Travel Insurance protections to assist with trip delays, cancellations and interruptions, baggage delays, lost luggage and emergency evacuation and transportation.

Hotel Collection

Enjoy a premium set of benefits when you use your Premium Rewards® card to book through the Visa Signature Luxury Hotel Collection.

Purchase Protection

Shop with confidence, with excellent purchase protections like Warranty Manager Service, Return Protection and Purchase Security. These can help with repair, replacement or reimbursement on purchases, or extend the manufacturers' warranty.

Miscellaneous Benefits

Now, when you opt-in you can access your FICO® Score updated monthly for free, within your Mobile Banking app or in Online Banking.

Auto CDW Insurance

Feel safer on the road with our 24/7 Roadside Dispatch Program, plus added protection with Auto Rental Collision Damage Waiver.

Extra Redemption Value

If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend.

Credits

Get up to $120 in Airport Security Statement Credits for TSA PreCheck® or Global Entry application fees, every four years

Credits

Get up to $100 in Airline Incidental Statement Credits annually for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees - automatically applied to your card statement

Rewards redemption

Redeem your spending bonus

How to Redeem your valuable credits

Cash Redemption

Travel Redemption

Transfer your to any of the following Bank of America Travel Partners.

Points Transfer Partners

No transfer partners found

Fees

Fees you may encounter as a cardmember

See Rates and Fees

Balance transfer Intro Offer

N/A

Balance transfer Fee

Balance transfer Terms

Foreign Transactions

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Bank of America® Premium Rewards®

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