Bank of America® Premium Rewards® Credit Card
Earn 2x points on travel and dining, 1.5x points on all other purchases, a $95 annual fee, and up to $200 in travel credits with instant card access.
The Bank of America® Premium Rewards® credit card offers impressive features including an instant card number for approved applicants who apply via a targeted in-app offer and have an existing Bank of America® account. With this card, customers enjoy a $95 annual fee, a competitive rewards structure of 2 points per $1 spent on travel and dining, and 1.5 points on all other purchases. There’s also a bonus opportunity of 60,000 points after meeting a modest spend within the first 90 days, along with up to $200 in annual travel credits, making it suitable for both frequent travelers and everyday spenders.
How to Apply: Step by Step
Begin by logging into your Bank of America® mobile app and locating any targeted in-app credit card offers. Apply for the Premium Rewards® card through the promotion.
If you are approved, you should receive your instant card details right in the app. Add the card to your digital wallet for immediate use.
Submit required identity verification details as prompted to secure instant access to your temporary account number, if eligible.
Wait for your physical card to arrive in the mail within seven to ten business days.
Once your advanced digital features are activated, you can start using the card’s perks and benefits right away.
Key Advantages
One of the standout pros is the instant card access for qualified applicants, which allows urgent purchases or travel bookings without waiting for the physical card.
The rewards program benefits both travelers and general consumers, with versatile bonus categories and up to $200 in annual travel credits that help offset the card’s annual fee.
Potential Drawbacks
This credit card requires an existing Bank of America® account and a targeted in-app offer to unlock instant usage, limiting universal access to this perk.
Additionally, the $95 annual fee may not be as attractive for consumers who do not travel often or spend significantly on dining and travel categories.
Verdict
The Bank of America® Premium Rewards® credit card is a robust choice for those seeking immediate access, excellent rewards, and valuable travel perks. If you already bank with Bank of America® and want a seamless rewards experience, this card deserves strong consideration for its blend of flexibility and premium benefits.
