Bank of America® Premium Rewards® Credit Card
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The Bank of America® Premium Rewards® Credit Card is a travel rewards card designed for people who travel a few times a year. You get a welcome bonus and decent rewards. You also get an airline incidental statement credit which you can use for things like seat upgrades, airport lounge fees, and baggage fees. You get another $100 credit to help with the cost of TSA PreCheck or Global Entry. Bank of America Preferred Rewards members can earn as much as 3.5 points per dollar spent. Cardholders can earn preferred status by having at least $20,900 in Bank of America deposit accounts or Merrill investment accounts. Considering the annual fee is $95, this card gives you a pretty good bang for your buck. We dive into the details and your approval odds in this BoA Premium Rewards review.
Our Rating
4.5/5.0
Welcome Offer
60,000 Points
Annual Fee
$95
0% on Purchases
N/A
Reward Rate
1.5X – 2X Points
0% on Balance Transfers
N/A
>>Check Out This and Other Travel Rewards Credit Cards Here
Welcome Offer
Get 60,000 online bonus points — a $600 value — after you make at least $4,000 in purchases in the first 90 days of account opening
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Extended Warranty Coverage, Purchase Protection, Return Guarantees, Free credit score access, 24/7 customer service |
| Travel Perks | Auto Rental Collision Damage Waiver, Concierge Services, Emergency Travel Assistance, Luggage Protection, Trip Delay Reimbursement, Roadside Assistance, Trip Cancellation Insurance, TSA PreCheck & Global Entry credit |
Rewards
Interest Rates & Fees
| Annual Fee | $95 |
| Foreign Transaction Fee | None |
| Regular APR | 20.24% - 27.24% (V) APR |
What Credit Score Is Required to Get the Bank of America® Premium Rewards® Credit Card
The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 657
Average Approved Credit Score: 741
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 01/09/2024 | Experian | ||
| Approved | 07/01/2022 | Experian | ||
| Approved | 07/30/2021 | TransUnion | ||
| Approved | 07/30/2021 | Experian | ||
| Approved | 07/30/2021 | Equifax | ||
| Approved | 02/25/2024 | Experian | ||
| Approved | 12/22/2022 | Equifax | ||
| Approved | 12/22/2022 | Experian | ||
| Approved | 12/22/2022 | TransUnion | ||
| Approved | 08/31/2023 | Experian | ||
| Approved | 01/04/2021 | Experian | ||
| Approved | 01/04/2021 | TransUnion | ||
| Approved | 01/04/2021 | Equifax | ||
| Approved | 03/12/2022 | TransUnion | ||
| Approved | 03/23/2021 | Experian | ||
| Approved | 10/04/2023 | Experian | ||
| Approved | 10/04/2023 | TransUnion | ||
| Approved | 10/04/2023 | Equifax | ||
| Approved | 09/16/2023 | Experian | ||
| Approved | 03/28/2023 | Experian | ||
| Approved | 10/27/2023 | TransUnion | ||
| Approved | 10/27/2023 | Experian | ||
| Approved | 10/27/2023 | Equifax |
Pros & Cons
- Welcome offer
- No foreign transaction fee
- Travel credits worth $200
- Annual fee
- Requires good credit
What Are the Best Alternatives?
Chase Sapphire Preferred® Card
Rating
4.9
Rewards Range
1x - 5x points
Annual Fee
$95
Capital One Venture Rewards Credit Card
Rating
4.5
Rewards Range
2x - 5x miles
Annual Fee
$95
Delta SkyMiles® Blue American Express Card
Rating
4.4
Rewards Range
1x - 2x Miles
Annual Fee
$0