The Ultimate Guide to Credit Cards
Saturday, November 28, 2020

Bank of America® Premium Rewards® Credit Card

► 2020 Review, Application & Rates

"The Bank of America® Premium Rewards® Credit Card is one of Bank of America's top travel rewards offers. It charges no foreign transaction fees and offers up to $200 in travel statement credits annually."
- Toby Sembower,
Advertiser Disclosure
Bank of America® Premium Rewards® Credit Card Review

at the issuer'ssecure website

BEST OVERALL RATING

★★★★★

4.6

OVERALL RATING

4.6/5.0
  • Earn 50,000 online bonus points (a $500 value) after you make at least $3,000 in purchases in the first 90 days of account opening
  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases
  • Enjoy the flexibility to choose how you redeem your points – redeem for cash back as a deposit into Bank of America® checking or savings accounts, for credit to eligible Merrill Edge® and Merrill Lynch® accounts including 529 accounts, as a statement credit to your credit card, or for gift cards and purchases at the Bank of America Travel Center
  • Get up to a $100 Airline Incidental Statement Credit annually for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees - automatically applied to your card statement
  • No foreign transaction fees
  • $95 annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 22.99% Variable
$95
Good/Excellent

Interest Rate

Annual Fee

Credit Needed

Ratings By Category

Air Miles
(Ranked #12 out of 36)
★★★★★
4.7
Best Overall
(Ranked #33 out of 121)
★★★★★
4.6
Excellent Credit
(Ranked #29 out of 51)
★★★★★
4.6
Good Credit
(Ranked #19 out of 53)
★★★★★
4.7
Points & Gifts
(Ranked #14 out of 35)
★★★★★
4.7

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