Apply for Bank of America Premium Rewards Credit Card Easy Steps Guide

The Bank of America Premium Rewards Credit Card opens a world of possibilities for savvy spenders and travelers alike. Designed with those in mind who seek exceptional value, this card offers significant perks with every swipe. By providing unlimited 2 points for every $1 spent on travel and dining and 1.5 points on all other purchases, it’s an ideal companion for those on the go.

Furthermore, the card includes a valuable sign-up bonus, giving new cardholders a remarkable head start in collecting points. Additionally, it enhances your travel experiences with benefits such as up to $100 for airline incidental purchases and a $100 TSA PreCheck or Global Entry fee credit.

This article will guide you through the simple steps needed to apply, ensuring you can take full advantage of these impressive offerings effortlessly. Discover how you can simplify your application process and start enjoying the multitude of benefits tailored to elevate your financial lifestyle.

Benefits of the Bank of America Premium Rewards Credit Card

1. Reward Points on Every Purchase

With the Bank of America Premium Rewards Credit Card, you earn unlimited 2 points for every $1 spent on travel and dining purchases. All other purchases earn you 1.5 points per dollar. This is a great way to accumulate rewards quickly, especially if you frequently dine out or travel. To maximize your rewards, consider using this card for all of your travel-related expenses, from hotels to airfare.

2. Travel Credits and Benefits

One of the standout features of this card is the annual $100 airline incidental credit. This is applicable for seat upgrades, baggage fees, or in-flight purchases, helping you save on costs. Additionally, you receive up to $100 in statement credits to cover the application fee for TSA PreCheck or Global Entry. Using these credits each year ensures you get the most out of the card’s travel perks.

3. No Foreign Transaction Fees

If you often travel internationally, this card offers significant savings by waiving foreign transaction fees. Many cards charge around 3% for such transactions, but with this benefit, you avoid these additional costs on overseas purchases. To fully enjoy this feature, always opt to pay in the local currency when using your card abroad.

4. Introductory Offer

When you spend a certain amount within the first 90 days of account opening, you can earn up to 50,000 bonus points. This translates to $500 in travel or other rewards, providing a substantial early benefit. To achieve this, plan larger purchases or bills that you can charge to your card within the introductory period.

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

The Bank of America Premium Rewards Credit Card offers a compelling combination of rewards and benefits designed to appeal to frequent travelers and diners. With the potential to earn a significant amount in bonus points, this card’s rewards structure encourages cardholders to maximize their spending in key categories. Whether it’s booking a vacation or enjoying dinner out, the rewards can accumulate quickly, providing added value for those who actively use the card. Additionally, the card features flexible redemption options, allowing you to use your points for travel, cash back, or gift cards, enhancing the utility of the rewards you’ve earned. The first-year annual fee is fairly standard for credit cards of its caliber, especially considering the benefits it provides. This card is not only an excellent choice for managing everyday purchases but also for leveraging travel rewards. Overall, the Bank of America Premium Rewards Credit Card stands out for its robust benefits, making it a worthy consideration for those looking to optimize their spending while earning rewards.

Requirements for Bank of America Premium Rewards Credit Card

• Good to Excellent Credit Score: It is advisable to have a credit score ranging from 670 to 850. A good credit score not only enhances your chances of approval but may also get you better terms and conditions.
• Minimum Income Requirement: There is no explicit minimum income stated, but a stable income is generally a necessity to qualify. Your income ensures your ability to manage credit payments effectively.
• Proof of U.S. Residency: You need to provide documentation confirming your U.S. residency status, such as a valid social security number or an ITIN (Individual Taxpayer Identification Number).
• Employment Information: Supplying your current employment status and details about your job history can impact your application positively, as it demonstrates financial stability.
• Existing Bank of America Relationship: While not mandatory, having an existing account or relationship with Bank of America could ease the approval process. Customers who already have accounts may find added advantages when applying for the card.

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 for the Bank of America Premium Rewards Credit Card, navigate to the official Bank of America website. You can do this by typing bankofamerica.com in your web browser’s address bar. Once you arrive at the homepage, look for the menu or search bar and type in “Premium Rewards Credit Card” to find the specific credit card page.

Step 2: Understand the Card Details

Before proceeding with your application, it is essential to thoroughly understand the credit card’s benefits and terms. Read through the card’s features, rewards program, fees, and interest rates. Pay special attention to the eligibility requirements, such as income criteria or credit score benchmarks, to ensure you qualify for this card.

Step 3: Begin Your Application

On the Premium Rewards Credit Card page, you should find an option to apply online. Click on the apply now button to start the application process. You will be prompted to enter personal information such as your full name, address, date of birth, and social security number. Additionally, you’ll need to provide financial information, including your income and employment details. Ensure all fields are filled out accurately and truthfully.

Step 4: Review and Submit Your Application

After completing the application form, take a moment to review all the details you’ve entered. It’s crucial to check for any errors that might affect your application. Once you’re satisfied everything is accurate, submit your application. Bank of America will then process your application and may request additional information or documentation for verification purposes.

Step 5: Await Approval

Upon submission, you have to wait for the bank to review your application. This process can take anywhere from a few minutes to several days. If approved, you will receive your new Bank of America Premium Rewards Credit Card in the mail, along with any additional instructions for activation.

GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE

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 attractive benefits, including up to 2 points for every $1 spent on travel and dining purchases and 1.5 points per $1 on all other purchases. Additionally, the card provides up to $200 in combined airline incidental and travel credits, giving frequent travelers more value for their spend.

Is there an annual fee for this credit card?

Yes, the Bank of America Premium Rewards Credit Card has an annual fee of $95. This fee is relatively modest given the potential rewards and benefits, which can significantly offset the cost if you maximize the card’s rewards and credits.

How does the travel credit work for this credit card?

The card offers up to $100 in airline incidental statement credits annually and up to $100 in reimbursement for TSA Pre✓® or Global Entry application fees every four years. These credits are automatically applied to your statement when qualifying purchases are made, which makes it simpler to manage and utilize.

What are the requirements to qualify for the Bank of America Premium Rewards Credit Card?

To qualify for the Bank of America Premium Rewards Credit Card, you generally need good to excellent credit, typically a FICO score of 700 or above. Additionally, your income and existing credit obligations will be considered during the application process.

Beatriz

Beatriz Johnson is a seasoned financial analyst and writer with a passion for simplifying the complexities of economics and finance. With over a decade of experience in the industry, she specializes in topics like personal finance, investment strategies, and global economic trends. Through her work on our website, Beatriz empowers readers to make informed financial decisions and stay ahead in the ever-changing economic landscape.