How to Apply for Bank of America Premium Rewards Credit Card

Unlock Premium Rewards with the Bank of America Premium Rewards Credit Card

Are you looking to enhance your travel and lifestyle experiences? If so, the Bank of America Premium Rewards Credit Card could be your gateway to a world of exclusive benefits. Crafted specifically with the seasoned traveler in mind, this card allows you to accumulate rewards effortlessly on a variety of everyday purchases. For example, you can earn an impressive 2 points per dollar on travel and dining expenses, which include everything from booking flights and hotels to dining out at your favorite restaurants.

Everyday Benefits and Earned Rewards

Even your routine expenses are rewarded. For all non-travel and non-dining purchases, you still collect 1.5 points per dollar. This means that whether you’re shopping for groceries, filling up your gas tank, or buying clothes at your favorite store, you’re continuously accruing points. Essentially, this card transforms your daily spending into opportunities for bonus perks.

Utilize Robust Travel Credits and Protection

Further enhancing its value, the card offers up to $200 in travel statement credits annually. This is particularly beneficial when considering costs that come with travel, such as baggage fees or in-flight purchases. Imagine being able to indulge in those small luxuries without worrying about extra costs.

Protection during your travels is paramount, and Bank of America ensures this with valuable features like travel accident insurance and emergency assistance. This means you’ll have peace of mind knowing you’re covered in unforeseen circumstances, allowing you to focus entirely on enjoying your travel experiences.

The Endless Possibilities

Whether your dream is to upgrade from coach to first class on long-haul flights or to experience fine dining at a lavish restaurant, these rewards are within reach. By leveraging the benefits of this credit card, you can stretch your budget further and enjoy enhanced experiences during your travels and in daily life.

Intrigued by the potential of these rewards? Consider applying today to unlock these premium perks and make the most of your adventures.

Discover the Benefits of the Bank of America Premium Rewards Credit Card

1. Earn Unlimited Rewards Points

With the Bank of America Premium Rewards Credit Card, you can earn unlimited points on everyday purchases. For every dollar spent, you earn 2 points on travel and dining, and 1.5 points on all other purchases. Points can be redeemed for a variety of rewards, such as travel, gift cards, or cash back. To maximize this benefit, always use your card for major expenses and travel bookings to rack up points faster. Remember, every point gets you closer to a reward!

2. Travel with Confidence

Travel enthusiasts will appreciate the added perks this card offers. Enjoy benefits like travel insurance, lost luggage reimbursement, and access to travel and emergency assistance services. If you’re a frequent traveler, consider using this card to book trips, as it provides added peace of mind and protection during your journeys. Also, take advantage of no foreign transaction fees, making this card a cost-effective companion when traveling abroad.

3. Enhance Your Lifestyle with Additional Perks

This card doesn’t just reward you with points; it enhances your lifestyle with exclusive perks. For example, each calendar year, you receive up to $100 in airline incidental statement credits and up to $100 for TSA Pre✓® or Global Entry application fee reimbursement. Plan your travel budgets accordingly and remember to apply these credits to reduce overall expenses.

4. Amplified Rewards for Preferred Customers

If you are a Bank of America Preferred Rewards client, you can receive a 25% to 75% rewards bonus on every purchase. This is an outstanding way to enhance your reward-earning potential. To qualify, maintain a balance across your Bank of America accounts or Merrill investment accounts. This tiered bonus system incentivizes more savings and investment, making your rewards grow exponentially as your banking relationship strengthens.

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

The Bank of America Premium Rewards Credit Card stands out due to its attractive rewards program, offering a straightforward way to earn points on everyday purchases. With an emphasis on travel and dining, cardholders benefit significantly as each dollar spent on these categories yields double the points. This feature not only enhances everyday spending but also encourages users to explore more travel and dining experiences.In addition, the card has enticing bonus offers for new users, allowing them to earn substantial welcome bonuses after meeting initial spending requirements. This aspect of the card is particularly beneficial for individuals who are planning larger purchases upon receiving the card. The points can be redeemed for various perks, including travel expenses, merchandise, or statement credits, making it a versatile option for a wide range of users.

Key Requirements for the Bank of America Premium Rewards Credit Card

• Minimum Credit Score: To be eligible for the Bank of America Premium Rewards Credit Card, applicants usually need a good to excellent credit score. This often means a FICO score of 670 or higher. A higher score can improve your chances of approval and might lead to more favorable terms.
• Proof of Income: Be prepared to provide documentation that demonstrates your ability to repay any credit card charges. This could include recent pay stubs, tax returns, or bank statements. Lenders assess income to ensure you can handle credit responsibly.
• Identification Documents: Applicants must provide valid identification, such as a driver’s license or passport, along with a Social Security number. This verification helps the bank confirm your identity and facilitate the application process.
• Legal Age Requirement: To apply for this card, you must be at least 18 years old. If you are under 21, you may need to demonstrate independent income or have a co-signer who can support your application.
• U.S. Residency Status: Eligibility requires that applicants have a U.S. residential address. Additionally, cardholders are often expected to reside primarily within the United States to maintain the card account.

SEE HOW 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, visit the official Bank of America website. You can easily do this by opening your web browser and typing in the URL www.bankofamerica.com. Once on the homepage, navigate to the “Credit Cards” section to find detailed information about the Premium Rewards Credit Card.

Step 2: Explore the Card Details

Before applying, take the time to understand the card’s features and benefits. On the Premium Rewards Credit Card page, you’ll find details about the reward points, travel benefits, and any ongoing offers. You’ll also want to review the interest rates, fees, and terms associated with the card to ensure it suits your financial needs.

Step 3: Start Your Application

Once you’re ready to apply, click on the “Apply Now” button, typically found on the card’s webpage. You will be prompted to fill out an online application form. This will require you to provide personal information such as your name, address, Social Security number, and financial details like your income and employment status.

Step 4: Submit Your Application

After carefully reviewing the information you’ve entered, submit your application. Make sure all details are accurate to avoid any discrepancies that might delay the process. Once submitted, you should receive a confirmation of your application submission via email.

Step 5: Wait for Approval

The approval process can take anywhere from a few minutes to a few days. If approved, you will be notified by email or mail. You’ll then receive your new credit card with instructions on activation and use. If additional information is required, a Bank of America representative may contact you.

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

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 earning unlimited 2 points for every dollar spent on travel and dining purchases, and 1.5 points per dollar on all other purchases. It also comes with a $95 annual fee. Additionally, cardholders can enjoy up to $100 in airline incidental statement credits annually and up to $100 in statement credits for Global Entry or TSA PreCheck every four years.

How do I earn and redeem rewards with this card?

With this card, you’ll earn rewards points through your everyday spending. Points can be redeemed for a variety of options including travel, cash back, and gift cards. An appealing feature is the lack of restrictions on earning, and points never expire as long as your account is open. This means you can redeem your points at your convenience.

Are there any additional perks for Bank of America or Merrill clients?

Yes, Bank of America Preferred Rewards members can enjoy even more benefits. Depending on your rewards tier, you can earn a bonus of 25% to 75% on your credit card rewards. This means that Preferred Rewards members can earn up to 3.5 points per dollar on travel and dining purchases, and up to 2.62 points per dollar on all other purchases.

Is there a foreign transaction fee for this credit card?

No, the Bank of America Premium Rewards Credit Card does not charge a foreign transaction fee, making it an excellent choice for international travelers. This means you can use your card abroad without worrying about extra fees for currency conversion.

How does the travel insurance benefit work with this card?

Cardholders are covered with several travel insurance benefits, including trip delay reimbursement, trip cancellation/interruption insurance, and baggage delay/loss coverage. These protections provide a safety net against unexpected disruptions, allowing you to travel with peace of mind.