How to Apply for Bank of America Premium Rewards Credit Card

Thinking of maximizing your travel and everyday purchases? The Bank of America Premium Rewards Credit Card might just be your ticket to better rewards. Tailored for savvy spenders, this card offers an enticing mix of benefits designed to enhance your financial experience.

With this card, you can enjoy unlimited 2 points per dollar on travel and dining and 1.5 points per dollar on all other purchases. Besides, you’ll get up to $200 in combined airline incidental and TSA PreCheck/Global Entry statement credits, giving travelers a substantial boost.

Moreover, cardholders can benefit from no foreign transaction fees, competitive APRs, and access to premium services. The potential for high rewards makes it an attractive option for those looking to make the most of their spending. Ready to dive into the application process? Let’s explore how you can start maximizing what Bank of America offers today.

Unveiling the Perks of the Bank of America Premium Rewards Credit Card

Earn Reward Points on Every Purchase

The Bank of America Premium Rewards Credit Card offers an enticing rewards program that lets cardholders earn points with each transaction. You can earn 2 points per dollar spent on travel and dining purchases, and 1.5 points per dollar on all other purchases. These points can be redeemed for cash back, travel, or gift cards. Maximize this benefit by using your card for everyday expenses and ensure you’re taking full advantage of the rewards.

Enjoy Travel Benefits and Credits

If you are a frequent traveler, the card provides substantial value through its travel benefits. It includes an annual $100 airline incidental statement credit for purchases like seat upgrades or baggage fees, and access to various travel insurances. To make the most out of this, plan your travel expenses through the card to utilize the annual credit and protect your trips with the available insurance options.

Enhanced Security Features

Security is a top priority with the Bank of America Premium Rewards Credit Card. This card offers several security features, including fraud alerts, the ability to lock and unlock your card through the Mobile App, and a $0 liability guarantee for fraudulent transactions. By regularly monitoring your account and setting custom alerts, you can ensure your financial information remains secure.

Global Entry and TSA PreCheck Statement Credit

For those who travel internationally, the Global Entry or TSA PreCheck program can be a major timesaver. The card includes a $100 statement credit for the application fee, which can be availed every four years. Enroll in these programs to reduce your wait times at airport checkpoints and score a smoother travel experience.

Favorable Relationship Rewards

The card provides enhanced rewards for Bank of America customers who qualify for the Preferred Rewards program, including up to 75% more rewards points on every purchase. For banking clients, it’s worth reviewing your eligibility for Preferred Rewards to substantially boost your earnings.

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

Investing in the Bank of America Premium Rewards Credit Card opens a world of financial flexibility. The reward system allows cardholders to accumulate points quickly, enhancing their travel experiences or day-to-day purchases. Not only do cardholders benefit from the ongoing rewards structure, but they also enjoy a lucrative sign-up bonus, which amplifies their initial investment significantly.Another compelling feature of the card is the no annual fee for the first year, making it even more appealing for those who want to explore its benefits without immediate costs. This introductory offer invites users to experience the perks, which include comprehensive travel insurance and benefits tailored for frequent travelers, enhancing the overall value proposition of the card.Moreover, the card includes access to travel-related discounts and services, which can enhance travel planning and execution, offering users peace of mind as they spend their hard-earned money wisely. By delving deeper into the offerings of the Bank of America Premium Rewards Credit Card, potential cardholders are likely to uncover more advantages that align with their spending habits, allowing for both luxury and practicality.

Key Requirements for the Bank of America Premium Rewards Credit Card

• Applicants must have a minimum credit score of 670. This indicates a good credit history, crucial for approval.
• Proof of a stable monthly income is necessary. While there’s no specified amount, higher income increases the likelihood of approval.
• Ensure to be at least 18 years of age and a legal resident of the United States to meet the basic eligibility criteria.
• Prepare identification documents such as Social Security Number and a government-issued ID to verify identity.
• Submit up-to-date employment information, confirming current job status and employer details, which can affect the approval process.

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

In the hustle and bustle of modern life, opening a web browser is your first step towards financial perks. Search for the official Bank of America website or directly visit their credit card section. This isn’t just another click; it’s the initial move to unlock a world of rewards. Prepare to navigate through user-friendly menus by selecting the ‘Credit Cards’ tab and locating the ‘Premium Rewards Credit Card’ option, which gleams like a gem awaiting discovery.

Step 2: Explore the Details

Once inside this virtual realm, pause to explore what the Premium Rewards Credit Card has in store for you. Every feature deserves a moment of your attention—from bonus points to travel credits. You’re not just learning about a card; you’re uncovering potential advantages for your lifestyle. Knowledge here is more than mere preparation; it’s your armament for making informed decisions.

Step 3: Start the Application Process

With a wealth of new insights, it’s time to set things in motion. Click on the ‘Apply Now’ button, a gateway to exclusive rewards. Fill in your personal information with precision. From full name to social security number, every detail brings you one step closer to approval. The application form is your canvas; complete with care and accuracy—each section a brushstroke towards your financial masterpiece.

Step 4: Review and Submit Your Application

Before hitting that crucial ‘Submit’ button, a comprehensive review of all information is paramount. Mistakes could lead to delays or misunderstandings. This isn’t just administration; it’s the strategic final review that separates successful applications from the potential setbacks. Impeccably vetted, your application heads off into the ether, a tangible expression of your intent.

Step 5: Await Approval

Having submitted your application, await the decision with confidence. The anticipation isn’t just a wait; it’s an interval laden with potential. Keep an eye on your correspondence—both mail and email—for the outcome. Approval means stepping into a world where travel points and cash rewards elevate your financial journey.

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

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 a host of benefits tailored for frequent travelers and reward-seekers. Cardholders earn 2 points for every dollar spent on travel and dining purchases, and 1.5 points per dollar on all other transactions. Additionally, this card provides up to $100 in airline incidental statement credits annually, and up to a $100 application fee credit for TSA Pre✓® or Global Entry. Don’t forget about the lucrative sign-up bonus: 50,000 online bonus points after making at least $3,000 in purchases in the first 90 days of account opening. All these features make it a strong contender for those looking to maximize their travel rewards and benefits.

Are there any annual fees associated with the Bank of America Premium Rewards Credit Card?

Yes, there is an annual fee to consider. The Bank of America Premium Rewards Credit Card charges a $95 annual fee. However, the travel and dining rewards, coupled with the travel credits, often help offset this cost for frequent users who can make the most out of the card’s benefits.

How can I maximize my rewards with this credit card?

To maximize your rewards, use the card primarily for travel and dining expenses, as these categories earn double points. Being a loyal customer of Bank of America or Merrill can yield extra advantages; enrolling in the Preferred Rewards program can boost your rewards points by 25% to 75%, depending on your tier level. Monitor your expenses and make sure to reach the spending threshold of $3,000 in the first 90 days to unlock the sign-up bonus. Additionally, make the most of the annual travel credits offered in the form of statement credits to further enhance your rewards experience.

Does the card offer any travel insurance or purchase protection benefits?

Yes, the Bank of America Premium Rewards Credit Card provides several travel and purchase protection perks. These include trip delay reimbursement, trip cancellation coverage, lost luggage reimbursement, and travel accident insurance. For purchases, you can expect protections like extended warranty coverage and purchase security that guards against damage and theft. These features make the card an attractive choice for those concerned about safety during travel or who frequently make significant purchases.

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.