Bank of America® Premium Rewards®
Earn up to $200 in travel credits, a $600 sign-up bonus, and extra reward points for Bank of America customers. Enjoy digital card access after approval.
The Bank of America® Premium Rewards® Credit Card is a top choice for people who want quick access to their credit line, strong rewards, and valuable perks. With an annual fee of $95, this card offers 2 points per dollar on travel and dining and 1.5 points per dollar on other purchases. If you are a Preferred Rewards member, you can enjoy even higher reward rates, boosting your return on spending.
One of the card’s main highlights is its $600 sign-up bonus, awarded after you make at least $4,000 in purchases within the first 90 days. Additionally, cardholders can benefit from up to $200 in travel statement credits each year, which helps offset the annual fee and makes the card more appealing for frequent travelers.
Another advantage is the ability to use your card instantly after approval, provided you open the account through a targeted offer in the Bank of America mobile app and have an existing relationship with the bank. This lets you enjoy your credit line and rewards right away, even before your physical card arrives.
How to Apply: Step-by-Step
- Log in to your Bank of America mobile app with your existing account information.
- Look for targeted Premium Rewards® card offers in the app.
- Apply through the targeted promotion and complete the application form.
- Upon approval, add your new card digitally to your preferred wallet for instant use.
- Begin making purchases and earning rewards immediately, before your physical card arrives in the mail.
Pros of the Bank of America® Premium Rewards® Credit Card
The card offers high rewards for travel and dining, and even higher bonuses for Preferred Rewards members. Instant digital card access ensures you can start using your account without waiting for the mail.
Generous travel credits and a strong sign-up bonus make this card attractive to frequent travelers. Integration with digital wallets adds convenience and quick usability.
Cons of the Bank of America® Premium Rewards® Credit Card
To qualify for instant card use, you must have an existing Bank of America account and receive a targeted app offer. This may limit who can access instant usage features.
The $95 annual fee may not appeal to infrequent travelers, especially if you don’t take full advantage of the premium perks provided by the card.
Verdict
The Bank of America® Premium Rewards® Credit Card is an excellent option for existing Bank of America clients who want immediate access, rich travel rewards, and valuable credits. The instant digital card access under certain conditions is a stand-out feature among premium cards. If you regularly travel and can maximize the credits, this card stands out for both convenience and ongoing value.
