The Ultimate Guide to Credit Cards
Saturday, September 19, 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 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
  • 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
  • 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
  • $95 annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 22.99%
$95
Good/Excellent

Interest Rate

Annual Fee

Credit Needed

Ratings By Category

Air Miles
(Ranked #9 out of 21)
★★★★★
4.7
Best Overall
(Ranked #24 out of 100)
★★★★★
4.6
Excellent Credit
(Ranked #21 out of 33)
★★★★★
4.6
Good Credit
(Ranked #13 out of 43)
★★★★★
4.7
Points & Gifts
(Ranked #11 out of 26)
★★★★★
4.7

Advertiser Disclosure

The credit card offers that appear on this site are from credit card companies from which CardRates.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CardRates.com does not include all credit card companies or all available credit card offers.