The Bank of America® Premium Rewards® Credit Card offers an exceptional combination of rewards and benefits designed to enhance your spending experience. From generous point accumulation to travel perks, this card caters to those seeking both value and convenience.
With an enticing 60,000 online bonus points — equivalent to a $600 value — as part of its introductory offer, this credit card enables cardholders to capitalise on their everyday purchases. Furthermore, a low $95 annual fee coupled with no foreign transaction fees makes this credit card a compelling choice for both domestic and international travellers.
Maximising your rewards potential
Elevate your financial game with the Bank of America® Premium Rewards® Credit Card, which is designed to boost your purchasing power through its rewarding point system. Achieve a higher return on your spends by taking advantage of the card’s substantial rewards for travel and dining.
Additionally, cardholders can earn up to 75% more points if they are also members of the Bank of America Preferred Rewards program. This means potentially earning between 2.5 to 3.5 points for travel and dining, and up to 2.62 points on other purchases for every dollar spent.
Unlock premium travel benefits
Enjoy travel-specific benefits that accompany the Bank of America® Premium Rewards® Credit Card. Cardholders can utilise up to $200 in travel statement credits annually, covering expenses like airline seat upgrades, baggage fees, and in-flight services.
No foreign transaction fees mean that frequent travelers can use the card globally without worrying about additional charges. The card also provides comprehensive travel protections, including insurance against trip delays, cancellations, and lost luggage, making it an ideal companion for international explorations.
Exploring flexible redemption options
The Bank of America® Premium Rewards® Credit Card offers various redemption pathways for the points you earn, catering to different preferences. Points can be redeemed for cash back into checking or savings accounts, credited to Merrill® accounts including 529s, used as a statement credit, or for purchasing gift cards and travel through the Bank of America Travel Center.
Cardholders also enjoy the freedom of no blackout dates or travel restrictions when booking through the Bank of America Travel Center, ensuring that rewards can be utilised exactly when and how you need them.
Practical guide to optimising rewards
To maximise your rewards, consider aligning your regular expenses to the card’s advantageous categories. Use the card primarily for travel and dining to benefit from the double points earn rate. Participating in the Bank of America Preferred Rewards program can further amplify your rewards potential.
Taking advantage of the statement credits for travel-related purchases and the security credit for TSA PreCheck® or Global Entry can also help you save significantly on travel, effectively increasing the value obtained from the card.
Conclusion
Overall, the Bank of America® Premium Rewards® Credit Card stands out as a robust option for individuals seeking an all-encompassing rewards program with extensive travel benefits. With its noteworthy bonus point offer, substantial rewards on travel and dining, and a suite of additional benefits at a modest annual fee, it effectively meets the needs of avid travelers and everyday spenders alike.
Couple this with flexible redemption options and enhanced rewards potential through the Preferred Rewards program, and the card presents itself as a formidable tool for optimizing personal finance. Whether your primary goal is earning points or accessing premium travel benefits, the card’s features collaboratively work together to deliver outstanding value.