How to Apply for Bank of America Premium Rewards Credit Card

Exploring the opportunity for enhanced travel experiences and valuable rewards? The Bank of America Premium Rewards Credit Card might just be your next financial ally. With a powerful combination of rewards and benefits designed to elevate your spending, this card stands out in the competitive market.

Featuring unlimited 2X points on travel and dining and 1.5X points on all other purchases, it’s tailored for the savvy traveler and everyday spender. The card also offers a generous initial point bonus for qualifying purchases, providing a jumpstart to your rewards journey.

Adding to its appeal, the Premium Rewards Credit Card comes with up to $200 in travel statement credits, making it an enticing option for those who frequently find themselves jet-setting across the globe. With these benefits in mind, discovering how to apply for this card brings you one step closer to unlocking a world of perks.

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

Earn Bonus Points on Every Purchase

The Bank of America Premium Rewards Credit Card allows you to earn bonus points on every purchase you make, providing an opportunity to maximize rewards. Cardholders can receive 2 points for every dollar spent on travel and dining, and 1.5 points per dollar on all other purchases. The beauty of these rewards is their flexibility; points can be redeemed for a variety of options including cash back, flights, and hotel stays, making them a versatile tool for everyday spending and travel planning.

Travel with Confidence

This credit card is designed for the avid traveler, offering a suite of travel-friendly benefits. Enjoy up to $100 in airline incidental statement credits annually for purchases like seat upgrades, baggage fees, and in-flight services. This perk ensures comfort during your travels without the extra cost. Additionally, cardholders can apply for a TSA Pre✓® or Global Entry statement credit, expediting airport security checks and providing a smoother travel experience.

Comprehensive Security Features

Rest easy with state-of-the-art security features that come standard with the Bank of America Premium Rewards Credit Card. With real-time fraud detection, purchase alerts, and zero liability for unauthorized transactions, you can shop with peace of mind knowing that your information is secure. Additionally, if your card is lost or stolen, Bank of America offers an emergency card replacement service to minimize disruption to your everyday life.

Exclusive Access to Concierge and Purchase Protections

The card offers 24/7 access to a global concierge service that can assist with general inquiries, reservations, or arrangements—providing a personal assistant when you need it most. Furthermore, the card includes extended warranty and purchase security protections, which cover eligible purchases against damage or theft, adding an invaluable layer of security and customer service for cardholders.

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The Bank of America Premium Rewards Credit Card provides numerous benefits that help users maximize their rewards and protect their travel investments. Its comprehensive rewards structure, combined with a well-rounded suite of travel benefits, makes it a strong contender for those looking to enrich their financial portfolio. With attractive introductory offers and solid protections, it invites potential users to discover more about how it can enhance their financial strategies.

Essential Requirements for Bank of America Premium Rewards Credit Card

• To apply for the Bank of America Premium Rewards Credit Card, potential cardholders should have a minimum credit score of 700. This ensures that the applicant has a good credit history and the ability to manage new credit responsively.
• A steady source of income is crucial. While there isn’t a set minimum income, demonstrating a reliable income stream helps ensure creditworthiness and the ability to repay charges.
• Applicants must be at least 18 years of age and a legal resident of the United States, providing basic identification details like a Social Security number and a valid residential address.
• Providing financial details, such as existing debts and monthly obligations, plays a role in evaluating an applicant’s financial stability.
• Bank of America may also require applicants to have an active checking or savings account to facilitate easier payment management and integration with their services.

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

Step 1: Visit the Official Bank of America Website

To commence your application for the Bank of America Premium Rewards Credit Card, head over to the Bank of America official site. Navigating to the credit card section will be your first logical stop. Click on the “Credit Cards” tab, where a list of available cards will be showcased. Scroll down until you discover the Premium Rewards Credit Card, which promises alluring benefits.

Step 2: Review the Card Details

Before diving into the application, take a moment to meticulously review the card details. Understand the exclusive benefits such as travel rewards and cash back that accompany this premium card. If the rewards align with your lifestyle and financial goals, you are ready to proceed.

Step 3: Begin the Online Application

Clicking on “Apply Now” will prompt you to start the application process. Be prepared to accurately fill in personal information such as your full name, address, social security number, and employment details. This data is crucial for assessing your eligibility. Ensure that all information is correct to avoid any hiccups in the application process.

Step 4: Review and Submit Your Application

Upon completing the application form, take one last moment to review all entered details. Accuracy is vital, and a keen eye could catch potential errors. When satisfied, hit the “Submit” button, sending your application off for consideration. The waiting game begins, but rest assured, Bank of America handles applications efficiently.

Step 5: Await Approval

After submission, the bank evaluates your application, considering various financial aspects. Approval times may vary, but generally, you will receive a decision swiftly via email or post. If approved, prepare to embark on a rewarding financial journey with benefits waiting at your fingertips.

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 rewards can I earn with the Bank of America Premium Rewards Credit Card?

With the Bank of America Premium Rewards Credit Card, you can earn an unlimited 2 points for every $1 spent on travel and dining purchases, and 1.5 points for every $1 spent on all other purchases. Additionally, if you are a Bank of America Preferred Rewards member, you can enjoy a rewards bonus of 25% to 75% on every purchase.

Are there any travel benefits included with the Bank of America Premium Rewards Credit Card?

Yes, the card is equipped with various travel benefits. It offers up to $100 in airline incidental statement credits annually, which can be used for items like seat upgrades, baggage fees, and in-flight services. Furthermore, cardholders can receive up to $100 for Global Entry or TSA Pre✓® application fees, enhancing your travel experience.

How does the Bank of America Premium Rewards Credit Card compare in terms of annual fees?

The annual fee for this card is $95, which is relatively moderate considering the rewards and benefits offered, especially when compared to some competitors that charge higher fees. The value of rewards and benefits can offset this cost, particularly if you leverage the card for travel and dining.

Is there a foreign transaction fee with this credit card?

No, the Bank of America Premium Rewards Credit Card does not charge a foreign transaction fee, making it an attractive option for travelers who frequently make purchases abroad. This feature allows cardholders to save on additional charges when spending in foreign currencies.

How can I redeem points earned with the Bank of America Premium Rewards Credit Card?

You can redeem points for a variety of options including travel, cashback as a statement credit, gift cards, or direct deposits into eligible Bank of America or Merrill accounts. The flexibility in redemption options ensures that you can tailor your rewards to best suit your financial goals and lifestyle.

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.