How to Apply for Bank of America Premium Rewards Credit Card
Unlock a world of benefits and rewards with the Bank of America Premium Rewards Credit Card, designed especially for savvy customers seeking value and flexibility. Whether you’re a frequent traveler or someone who appreciates cash back, this card offers up to 2 points for every dollar spent on travel and dining, and 1.5 points on all other purchases, turning your everyday spending into extraordinary rewards. Imagine the possibilities and savings as you enjoy unlimited rewards without the hassle of point caps.
Beyond rewards, this credit card provides enticing perks like up to $100 in travel statement credits to cover incidental airline fees and Global Entry or TSA PreCheck fees, making your travel experiences more convenient and cost-effective. With solid security features and travel benefits, this card ensures peace of mind, allowing you to focus on enjoying the rewards it brings. Curious to learn how to apply and start reaping these benefits? Read on to discover the straightforward application process.
Unlocking the Benefits of the Bank of America Premium Rewards Credit Card
1. Reward Points on Purchases
The Bank of America Premium Rewards Credit Card offers generous rewards, providing 2 points for every dollar spent on travel and dining purchases and 1.5 points on all other expenses. This means everyday spending on things like groceries, dining out, and travel expenses can quickly add up to valuable points. To maximize this, plan your expenses strategically by using the card for travel-related purchases, like airfare and dining at restaurants, to rack up double points.
2. Travel Credits and Perks
This credit card makes travel more rewarding with up to $100 in statement credits for airline incidental fees annually. These can cover expenses like in-flight purchases or checked baggage fees. Additionally, cardholders can receive a credit of up to $100 for TSA Pre✓® or Global Entry application fees. These benefits not only enhance your travel experience but also save money. Be sure to use these credits every year to fully benefit from what your card offers.
3. No Foreign Transaction Fees
For those who often find themselves traveling abroad, the absence of foreign transaction fees with this credit card means you won’t incur additional charges when making purchases overseas. This makes it a great option for international travelers who want to use their card without worrying about extra costs. Ensure that you carry your Bank of America Premium Rewards Credit Card on your next trip abroad to make the most of this benefit.
4. Introductory Bonus Offer
New cardholders can take advantage of a generous introductory bonus. By meeting a specific spending threshold within the first 90 days of account opening, you can earn a bonus that translates into hundreds of dollars in rewards points. Plan your initial expenses, such as upcoming bills or planned purchases, to reach the spending requirement and claim your bonus efficiently.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
| Category | Details |
|---|---|
| Rewards Program | Earn 2x points on travel and dining purchases, which can be redeemed for various rewards. |
| Welcome Bonus | Receive a lucrative bonus after spending $3,000 in the first 90 days. |
The Bank of America Premium Rewards Credit Card is a rewarding choice for those who travel frequently and enjoy dining out. One notable feature is its rewards program, where cardholders can accumulate points effortlessly for travel and dining expenditures, allowing for greater flexibility in how they redeem their rewards. Additionally, the card offers a compelling welcome bonus that can provide a significant boost to your points balance at the start of your membership, making it a tempting option for new applicants. These elements contribute to its appeal, providing users with tangible benefits that can lead to enhanced travel experiences and more enjoyable outings. For anyone considering a credit card that maximizes rewards while also providing benefits tailored to travel and dining, the Bank of America Premium Rewards Credit Card certainly deserves attention.
Requirements for the Bank of America Premium Rewards Credit Card
- U.S. Residency: You must be a legal resident of the United States to apply for the Bank of America Premium Rewards Credit Card. This means having a U.S. address where your bills and important documents are sent.
- Age Requirement: Applicants need to be at least 18 years old. This ensures responsible and mature handling of credit.
- Minimum Credit Score: A good credit score is essential. Generally, you need a credit score of 700 or above to qualify, showcasing your ability to manage debt efficiently.
- Income Stability: Providing proof of a stable income is vital. This includes recent pay stubs or tax returns, which demonstrate your capability to meet the monthly payments.
- Identification Documentation: A valid government-issued photo ID, such as a driver’s license or passport, is necessary to verify your identity during the application process.
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How to Apply for the Bank of America Premium Rewards Credit Card
Step 1: Visit the Bank of America Website
Your journey to apply for the Bank of America Premium Rewards Credit Card begins by accessing the official website. Go to the Bank of America homepage in your web browser. You can do this by typing “Bank of America” into the search engine or directly entering the URL here. Once there, navigate to the “Credit Cards” section to locate the Premium Rewards Credit Card option.
Step 2: Review the Card Details
Before jumping into the application, take some time to carefully review the card features, benefits, and requirements. Understand what the Premium Rewards Credit Card offers, such as reward points, introductory bonuses, and any applicable fees. This will help you decide whether this card aligns with your financial goals and spending habits.
Step 3: Check for Eligibility Requirements
Ensure you meet the eligibility criteria set by Bank of America. This typically includes factors like age, credit score, income, and U.S. residency status. Meeting these requirements increases your chances of a successful application and prevents unnecessary rejection.
Step 4: Complete the Online Application Form
Once you are ready, proceed to the application form. This requires you to provide personal information, such as your full name, address, Social Security number, and employment details. Double-check all information for accuracy to avoid delays in processing your application. Utilize the Bank of America’s secure online system to protect your data.
Step 5: Wait for Approval
After submitting your application, you will receive a confirmation notification. The approval process, handled by Bank of America, might take a few days. Monitor your email and postal mail for any updates or requests for additional information from the bank. If approved, you will receive your new card in the mail, ready to activate and use.
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Frequently Asked Questions about the Bank of America Premium Rewards Credit Card
What rewards can I earn with the Bank of America Premium Rewards Credit Card?
With the Bank of America Premium Rewards Credit Card, you can earn unlimited rewards on your purchases. Specifically, you earn 2 points for every $1 spent on travel and dining purchases. For all other purchases, you earn 1.5 points per $1. Points can be redeemed for a variety of rewards, including travel, cash back, or even gift cards.
Is there a sign-up bonus for new cardholders?
Yes, new cardholders can take advantage of a generous sign-up bonus. You can earn 50,000 online bonus points—worth $500 in travel statement credits—after making at least $3,000 in purchases within the first 90 days of opening your account. It’s a great way to jumpstart your rewards.
What are the fees associated with the Bank of America Premium Rewards Credit Card?
The card has an annual fee of $95. However, many cardholders find that the value of the rewards and benefits offset this cost. There is no foreign transaction fee, making it an excellent option for travelers who frequently make purchases abroad.
Are there any additional benefits or protections included?
Absolutely! This card offers numerous benefits, including up to $100 in airline incidental statement credits annually and up to $100 for a TSA Pre✓® or Global Entry application fee credit. Furthermore, it includes travel and purchase protections, such as trip delay reimbursement and lost luggage reimbursement, offering peace of mind during travels.
How can I maximize my rewards points with this card?
To maximize your rewards, consider using the card for travel and dining expenses to earn the higher rate of 2 points per dollar. Additionally, if you are a Bank of America Preferred Rewards client, you may receive a rewards bonus of 25% to 75% on every purchase, depending on your tier level within the program. It’s a smart strategy to review your spending habits and use the card where it offers the most value.
