How to Apply for Bank of America Premium Rewards Credit Card

Unlock a world of travel and luxury rewards with the Bank of America Premium Rewards Credit Card, a top choice for frequent travelers and everyday spenders alike. This card not only offers robust travel rewards, but also provides strong everyday purchase rewards, making it suitable for a diverse range of spending habits.

Holders of this card can enjoy benefits like an annual $100 travel credit and increased earning on travel and dining purchases. Imagine earning points on your morning commute or dining out, translating those points into future travel adventures. With no foreign transaction fees and added perks like trip cancellation coverage, this card becomes an attractive option for those who travel frequently.

Delve into the world of possibilities that the Bank of America Premium Rewards Credit Card offers, and learn how to make the most of these benefits. Discovering the application process is your first step towards reaping these rewards.

Benefits of the Bank of America Premium Rewards Credit Card

1. Reward Points on Every Purchase

The Bank of America Premium Rewards Credit Card allows you to earn rewards on every purchase. You’ll earn 2 points for every dollar spent on travel and dining, and 1.5 points per dollar on all other purchases. This is a great way to accumulate points quickly, especially if you travel often or dine out regularly.

Tip: Use this card for all travel and dining expenses to maximize your rewards. Consider linking your card to digital wallets for easy payments and seamless earning of points.

2. Travel Credits and Insurance Benefits

Cardholders receive up to $100 in statement credits for airline incidental charges, such as checked baggage fees and in-flight purchases. Additionally, the card provides travel insurance benefits, including trip cancellation/interruption insurance and trip delay reimbursement.

Tip: Plan your travels and utilize the travel credits fully. Make sure to keep your receipts and all relevant documentation in case you need to submit a claim for travel insurance benefits.

3. No Foreign Transaction Fees

This card does not charge any foreign transaction fees, which makes it perfect for overseas travel where these fees can add up significantly. You can confidently use your card for purchases abroad without worrying about additional costs.

Tip: Activate your card for international use before traveling to avoid any service interruptions. This can typically be done through your online account settings or by contacting customer service.

4. Enhanced Security Features

The Bank of America Premium Rewards Credit Card comes equipped with advanced security features to protect your account. These include contactless chip technology and real-time security alerts.

Tip: Regularly update your contact information and monitor your account for any unusual activity to fully benefit from these security features.

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

The Bank of America Premium Rewards Credit Card offers a well-structured rewards program that allows cardholders to accumulate points based on their spending habits. With strong earnings potential in categories like dining and travel, the card is ideal for those who frequently dine out or travel for business or pleasure. This makes it not only a great choice for everyday purchases but also a strategic tool for travel enthusiasts aiming to maximize their rewards.Additionally, consider the advantage of the card’s low annual fee while avoiding unnecessary costs associated with foreign transactions. For those who travel abroad, the lack of foreign transaction fees can save you significantly, making each purchase during your travels more cost-effective. This positioning of the card means it serves not just as a payment method but also as an investment in future rewards and savings. By leveraging these benefits, users can enjoy exceptional value from their spending while earning rewards that can later be redeemed for various travel or cash options.

Requirements for Bank of America Premium Rewards Credit Card

• Credit Score: A good to excellent credit score is usually required for approval. This typically means having a score of 700 or higher.
• Proof of Income: Applicants must provide evidence of a consistent and sufficient income to demonstrate their ability to repay any borrowed amounts.
• Age Requirement: You need to be at least 18 years old to apply for the card. In some states, the minimum age may be 19.
• U.S. Residency: Hold a valid U.S. address and, in some cases, be a U.S. citizen or permanent resident. This is important for receiving the card and billing information.
• Identification: Include a Social Security number or an Individual Taxpayer Identification Number (ITIN) when applying to verify identity and assess financial history.
• Existing Banking Relationship: While not mandatory, having an existing account with Bank of America can enhance your chances due to an existing financial relationship.

VISIT THE WEBSITE TO LEARN MORE

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

Step 1: Visit the Bank of America Website

Start your journey by navigating to Bank of America’s official website. You can do this on your computer or mobile device. Once on the homepage, use the search bar or main menu to find the credit card section. Look specifically for the “Bank of America Premium Rewards Credit Card” among the options available. You’ll be looking for details about features, benefits, and rewards, which will help you confirm it’s the right choice for your needs.

Step 2: Review the Eligibility Requirements

Before applying, ensure you meet the eligibility requirements. Generally, this involves being at least 18 years old and having a good credit score. Bank of America may also require you to provide personal identification and proof of income. Checking these requirements in advance can help streamline the process and increase the likelihood of approval.

Step 3: Complete the Online Application

Locate the application form for the Premium Rewards Credit Card on the website. This form will require personal information such as your name, address, Social Security number, and employment details. Be sure to fill out each section accurately, as incomplete or incorrect information can delay your application. A thorough review of your application before submission is highly recommended.

Step 4: Submit the Application

Once you’ve double-checked your information for accuracy, it’s time to hit the submit button. After submission, you might receive an immediate decision, or you may be notified via email or mail of the outcome. Keep an eye on your email for any follow-up messages that might require additional information.

Step 5: Receive Your Card

If approved, Bank of America will send the Premium Rewards Credit Card to your provided mailing address. Typically, the card will arrive within 7 to 10 business days. Once received, follow the instructions that come with it to activate your card and start enjoying the rewards.

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 several advantages, including the opportunity to earn unlimited points on purchases. Cardholders earn 2 points per dollar spent on travel and dining and 1.5 points per dollar on all other purchases. Additionally, there is a generous sign-up bonus for new cardholders, typically after spending a certain amount within the first 90 days. The card also provides benefits such as travel and purchase protections, and up to $100 in statement credits for TSA PreCheck or Global Entry fees every four years.

Is there an annual fee for the Bank of America Premium Rewards Credit Card?

Yes, the Bank of America Premium Rewards Credit Card does have an annual fee. The fee is $95 per year. However, considering the card’s extensive rewards program and travel benefits, many users find the fee justifiable. Frequent travelers can quickly recoup this cost through the rewards and credits offered.

What credit score do I need to qualify for this credit card?

To be eligible for the Bank of America Premium Rewards Credit Card, you typically need to have a good to excellent credit score. This usually means a score of 700 or above. Keep in mind that credit issuers consider various factors when evaluating applications, such as income and credit history, in addition to the credit score itself.

Can I transfer balances from other credit cards to this one?

Yes, balance transfers are possible with this credit card. However, it’s important to note that balance transfers are subject to a fee, which is usually 3% of the amount transferred with a minimum of a certain dollar amount. It’s essential to read the terms and conditions to understand how these fees might affect your balance transfer costs.

Are there foreign transaction fees with this credit card?

No, there are no foreign transaction fees with the Bank of America Premium Rewards Credit Card. This makes it an excellent choice for frequent travelers who spend money overseas, as you won’t incur extra charges for international transactions, allowing you to save more on your trips abroad.

Beatriz