How to Apply for Bank of America Premium Rewards Credit Card Today
If you’re looking to maximize your travel and dining experiences while earning rewards along the way, the Bank of America Premium Rewards Credit Card might be just what you need. Designed for those who enjoy a touch of luxury in their everyday spending, this card offers a variety of benefits that are hard to overlook. From generous travel credit to impressive earning rates, here’s a glimpse into why this card stands out.
Earn unlimited 2 points for every dollar spent on travel and dining purchases, and 1.5 points on all other transactions. Whether you’re booking your next big adventure or dining out locally, these points add up fast. Plus, cardholders can enjoy up to $100 in annual travel credits for airline incidentals and expedited screening processes, enhancing your travel experience.
With competitive interest rates and no foreign transaction fees, it’s tailored for those who value both rewards and savings. Discover the steps to apply for the Bank of America Premium Rewards Credit Card today and start unlocking its myriad of benefits, turning everyday spending into extraordinary perks.
Discover the Benefits of the Bank of America Premium Rewards Credit Card
Rewarding Points Program
The Bank of America Premium Rewards Credit Card offers an enticing points program designed to reward your everyday spending. Cardholders earn 2 points for every $1 spent on travel and dining purchases, and 1.5 points per $1 on all other purchases. These points can be redeemed for a variety of options, including travel, cash back, and gift cards. A strategic tip: to maximize your benefits, consider using your card predominantly for dining and travel to accrue points at a faster rate.
Travel and Dining Credit
This card provides up to $100 in Airline Incidental Statement Credits annually for purchases such as seat upgrades, baggage fees, and in-flight services. Additionally, you can also enjoy up to a $100 credit for TSA Pre✓® or Global Entry application fees, making travel less stressful and more efficient. Savvy travelers can make the most of these benefits by planning trips to capitalize on these credits and streamline their travel experiences.
Extended Warranty and Purchase Protection
Enjoy peace of mind with enhanced protection on eligible purchases. The Bank of America Premium Rewards Credit Card comes with purchase protection against theft and damage, as well as an extended warranty benefit that adds an extra layer of security to your purchases. It’s a thoughtful way to protect your significant investments, especially during sales events or when buying big-ticket items.
Preferred Rewards Program
For those who maintain significant account balances, the card unlocks additional advantages through the Bank of America Preferred Rewards program. Depending on your tier in the program, you could receive between 25% to 75% more rewards points on every purchase. To leverage this, keep an eye on your account balances and consider consolidating your financial relationships with Bank of America to rise within the rewards tiers.
LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
| Category | Details |
|---|---|
| Reward Points | Earn 3 points per dollar on travel and dining, and 2 points on grocery stores. |
| Sign-up Bonus | Get a 60,000 points bonus after spending $4,000 in the first 90 days. |
The Bank of America Premium Rewards Credit Card offers an enticing array of benefits tailored for those seeking to maximize rewards. Its strong points accumulation system across various categories not only enhances the cardholder’s spending power but also provides opportunities for valuable redemptions. This credit card is particularly appealing for frequent travelers and dining enthusiasts, making it a robust choice in the competitive credit card market.Moreover, the attractive sign-up bonus is designed to draw in new customers, allowing them to kickstart their rewards journey with a substantial influx of points. With its numerous advantages, the Bank of America Premium Rewards Credit Card positions itself as a pivotal tool for savvy spenders aiming to optimize their financial strategy while enjoying the perks of premium rewards.
Requirements for the Bank of America Premium Rewards Credit Card
- Age Requirement: Applicants must be at least 18 years old to apply for the Bank of America Premium Rewards Credit Card.
- Credit Score: A good to excellent credit score, generally above 670, is typically necessary for approval.
- Proof of Income: Providing documentation that verifies a stable source of income is often required to demonstrate financial responsibility.
- U.S. Address: A valid U.S. residential address is essential. P.O. boxes are usually not accepted for credit card applications.
- Social Security Number: A valid social security number is mandatory for credit history and identity verification purposes.
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How to Apply for the Bank of America Premium Rewards Credit Card
Step 1: Visit the Bank of America Website
Begin your journey to finance benefits by navigating to the official Bank of America website. Once you’re there, locate the ‘Credit Cards’ section in the main menu. From there, select the ‘Premium Rewards Credit Card’ to explore its features and benefits. Take the time to review this information, as understanding the perks and interest rates is crucial for informed decision-making.
Step 2: Check Eligibility Requirements
Before proceeding with the application, ensure you meet the eligibility requirements. Key criteria often include being a U.S. resident with a valid Social Security number and having a good to excellent credit score. Double-check these qualifications to confirm you’re a suitable candidate for this particular credit card product.
Step 3: Complete the Online Application Form
Once you’ve verified your eligibility, click on the ‘Apply Now’ button to access the official application form. Fill out this form with accurate personal information, including your employment details and annual income. Ensuring all data is correct helps avoid delays in the processing of your application. If you hold an existing account with Bank of America, you may optionally provide that information to streamline the process further.
Step 4: Review and Submit Application
The next critical step is reviewing your application. Meticulously cross-check all entered information for accuracy. This final check is essential to prevent potential rejections due to errors. When satisfied with your review, proceed to submit the application. The online submission process is straightforward, and once completed, a confirmation email will typically be sent to you.
Step 5: Await Application Approval
After submitting, the waiting game begins. The Bank of America team will assess your information and decide on your application. This part of the process may take a few business days. Keep an eye on your email inbox for updates. Once approved, the credit card will be mailed to your address, allowing you to start enjoying its rewards and benefits promptly.
LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
Frequently Asked Questions about Bank of America Premium Rewards Credit Card
What are the main benefits of the Bank of America Premium Rewards Credit Card?
The Bank of America Premium Rewards Credit Card offers several enticing benefits. It provides unlimited 2 points for every dollar spent on travel and dining, and 1.5 points per dollar on other purchases. Cardholders can also enjoy up to $100 in airline incidental statement credits annually for qualifying purchases, and receive a $100 statement credit for Global Entry or TSA Pre✓® every four years.
Is there an annual fee associated with the Bank of America Premium Rewards Credit Card?
Yes, the Bank of America Premium Rewards Credit Card comes with a $95 annual fee. However, this fee could easily be offset by the benefits offered, such as the airline incidental statement credits and the rewards earned through everyday spending.
How can I redeem the points earned with this credit card?
Points earned with the Bank of America Premium Rewards Credit Card can be redeemed for a variety of options including travel, cash back, gift cards, and products from the Bank of America Travel Center. Additionally, the points do not expire as long as the account remains in good standing, allowing for flexibility in how and when you choose to redeem them.
Does the Bank of America Premium Rewards Credit Card offer any travel benefits?
Yes, this credit card is geared towards travelers, offering numerous perks. In addition to earning bonus points on travel-related expenses, cardholders receive travel and emergency assistance, lost luggage reimbursement, trip cancellation, and interruption coverage. These features are essential for frequent travelers looking to safeguard their trips.
Is there a welcome bonus for new cardholders?
New cardholders of the Bank of America Premium Rewards Credit Card are often eligible for a lucrative welcome bonus. For instance, you might earn 50,000 online bonus points—valued at $500—after making at least $3,000 in purchases within the first 90 days of account opening. Always check the latest offer, as this can provide a significant head start in accumulating rewards.
