How to Apply for the Bank of America Premium Rewards Credit Card

The allure of rewards and travel perks can be irresistible, especially when they’re attached to a credit card like the Bank of America Premium Rewards Credit Card. This card stands out for its impressive benefits tailored for frequent travellers and savvy spenders. With the opportunity to earn unlimited 2 points for travel and dining purchases, and 1.5 points for every dollar spent on all other purchases, it’s designed to turn everyday expenses into luxurious travel experiences.

Exclusive benefits such as up to $100 annual airline incidental statement credits and no foreign transaction fees further elevate its appeal. Additionally, cardholders can take advantage of travel and purchase protections, making it both a practical and rewarding choice. If you’re intrigued by seamless ways to maximize your spending, delve into the application process to see how this card could enrich your financial journey.

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

Access to Premium Rewards

The Bank of America Premium Rewards Credit Card opens a world of exclusive benefits and opportunities. Cardholders earn unlimited 2 points for every $1 spent on travel and dining-related purchases. For all other purchases, earn 1.5 points per $1 spent. Maximize your rewards by using the card for all travel and dining expenses, and watch the points pile up for future adventures or statement credits.

Travel and Purchase Protections

Travel with peace of mind through a series of protections embedded within the card. Enjoy benefits like trip cancellation/interruption insurance, auto rental collision damage waiver, and lost luggage reimbursement. For those who travel often, the card also offers up to $100 in airline incidental credit annually. Tip: Always charge your travel expenses to your card to fully utilize these protective benefits.

Valuable Statement Credits

This card provides an additional edge with its statement credits. Benefit from up to $100 in statement credits for TSA Pre✓® or Global Entry application fees. This eases the burden of international travel, allowing you to speed through airport security lines. Tip: Be sure to apply for these programs and charge the application fee to your card before the benefit resets every four years.

Preferred Rewards Integration

For existing Bank of America clients, the Premium Rewards Credit Card offers synergy with the Preferred Rewards program, potentially adding a 25%-75% rewards bonus on every purchase. This tiered bonus structure means substantial additional reward points for qualifying clients. To take advantage of this offering, ensure to check if your account qualifies for Preferred Rewards.

SIGN UP TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD

The Bank of America Premium Rewards Credit Card is crafted for those who appreciate superior rewards without the burden of immediate costs. With its flexible rewards system, cardholders can earn points across various crucial spending categories, transforming everyday purchases into opportunities for significant value. The added bonus of an initial annual fee waiver allows new users to explore the benefits without financial hesitation, encouraging a commitment to smarter financial habits.In essence, this card stands out not only for its attractive rewards but also for its user-friendly features that cater to a diverse audience. The simple point accumulation coupled with practical waivers serves as an enticing entry point, prompting potential users to learn more about maximizing their financial strategies.

Requirements for the Bank of America Premium Rewards Credit Card

• Possessing a strong credit history is pivotal, as the Bank of America Premium Rewards Credit Card typically requires applicants to have a minimum credit score of 700. This demonstrates to the bank that you are a responsible borrower.
• Applicants need to provide proof of income, which could include recent pay stubs or tax returns. While there is no official stated minimum income, having a stable source of income can enhance your chances of approval.
• To apply, you must be at least 18 years old and a resident of the United States. This ensures that you meet the basic legal requirements for holding a credit card in the U.S.
• Have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). This is essential for identity verification and financial background checks during the application process.
• A U.S. residential address is required for application as it demonstrates that applicants reside within the country where the card is offered.

SIGN UP 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 begin your journey toward unlocking a world of premium rewards, the first step is to access the Bank of America website. Simply open your preferred web browser and navigate to the official Bank of America site. Once there, search for the Premium Rewards Credit Card section. This pivotal step will serve as your gateway to explore the plethora of benefits this card has to offer.

Step 2: Review Card Details and Benefits

Before diving into the application process, take a moment to thoroughly understand what the Bank of America Premium Rewards Credit Card entails. Scrutinize the rewards structure, fees, and interest rates associated with this credit card. Doing so will not only help you make an informed decision but also ensure that you make the most out of the exclusive benefits tailored for cardholders.

Step 3: Start the Application Process Online

Upon familiarizing yourself with the card, proceed to the online application form. An intuitive and user-friendly interface awaits to guide you through each step, from filling in personal details such as your name, address, and employment status, to providing relevant financial information. Accuracy is crucial, so double-check your information to expedite the approval process effectively.

Step 4: Submit the Application and Await Approval

Once you’ve completed filling in all required fields, it’s time to submit your application. Following submission, Bank of America conducts a swift yet thorough review of your application, often leveraging encrypted technologies for security assurance. You can anxiously anticipate receiving feedback, typically within a few business days. Stay eager yet patient, as a successful application opens the door to premium rewards and privileges.

GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE

Step 5: Receive and Activate Your Credit Card

Upon approval, the Bank of America Premium Rewards Credit Card will arrive at your doorstep, waiting to be welcomed into your financial armory. For seamless activation, simply follow the instructions accompanying your new card. From there on, you are free to leverage the card for myriad transactions, ensuring you reap the maximum rewards.

Frequently Asked Questions about the 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 an enticing range of benefits. Cardholders earn 2 points for every dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. Additionally, it provides up to $100 in airline incidental credits each calendar year, which can be used for seat upgrades, baggage fees, and more. The card also boasts a generous sign-up bonus, adding further value for new customers.

Is there an annual fee associated with this card?

Yes, there is an annual fee of $95 for the Bank of America Premium Rewards Credit Card. While some may find this fee a consideration, the array of rewards and benefits, such as travel credits and points, can outweigh the cost if you maximize the card’s perks.

Does this credit card provide any travel insurance or protection features?

Indeed, the Bank of America Premium Rewards Credit Card includes several travel protection features. Cardholders benefit from trip delay and cancellation insurance, as well as lost luggage reimbursement. Furthermore, access to travel and emergency assistance services ensures that your trips are as smooth and secure as possible.

Are there any foreign transaction fees?

No, the Bank of America Premium Rewards Credit Card does not charge any foreign transaction fees. This feature makes it an appealing choice for those who frequently travel abroad, as you can use your card internationally without incurring additional charges on your purchases.

How does this card cater to existing Bank of America or Merrill account holders?

Existing clients of Bank of America or Merrill are in for an enhanced reward experience. If you qualify for the Bank of America Preferred Rewards program, you could receive an increased bonus on your points earnings. Depending on your tier level, you might earn up to 75% more rewards points, turning routine purchases into significant travel or cash rewards opportunities.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on the our platform. Her goal is to empower readers with practical advice and strategies for financial success.