How to Apply for Bank of America Premium Rewards Credit Card
Diving into the world of premium credit cards can be rewarding, especially with the Bank of America Premium Rewards Credit Card. This card offers a blend of significant perks and competitive rewards, making it an attractive option for frequent travelers and savvy spenders alike. Imagine earning points on every purchase, from groceries to airline tickets, turning everyday expenses into something extraordinary.
With this card, you’ll enjoy 2 points per dollar spent on travel and dining, and 1.5 points for every dollar on all other purchases. Furthermore, new cardholders may benefit from an enticing introductory offer, further maximizing your rewards potential. Not to mention, there are no foreign transaction fees, making it a handy travel companion. If you’re looking to make the most of your spending habits, this card may just be the key to unlocking a world of premium benefits.
Benefits of the Bank of America Premium Rewards Credit Card
Earn Unlimited Points
With the Bank of America Premium Rewards Credit Card, cardholders can earn unlimited 2 points for every dollar spent on travel and dining purchases. All other purchases earn 1.5 points per dollar. This makes it an excellent choice for those who frequently dine out or travel. Maximize your rewards by using this card for all travel and dining expenses to increase your points accumulation.
Significant Travel Credits
This card offers up to $100 in Airline Incidental Statement Credits annually for eligible incidental purchases. Additionally, cardholders can enjoy a $100 Airport Security Statement Credit toward TSA Pre✓® or Global Entry fee every four years. To take full advantage of these credits, make sure to charge your incidental travel expenses and TSA Pre✓® fee to your card.
World-Class Travel and Purchase Protection
The card includes benefits such as lost luggage reimbursement, trip delay reimbursement, trip cancellation/interruption insurance, and more. Purchase protection covers new purchases against damage or theft for the first 90 days. Always pay with your card for additional peace of mind when buying expensive items or booking trips.
Exclusive Access and Offers
Cardholders may receive exclusive entertainment access and luxury travel offers, enhancing their lifestyle experiences. These offers can include concert tickets, premier sporting events, and dining enhancements. To make the most of these offers, keep an eye on the Bank of America portal for new and exciting opportunities.
GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE
| Category | Details |
|---|---|
| Sign-Up Bonus | Earn a substantial sign-up bonus after making qualifying purchases in the first 90 days. |
| Rewards Programs | Earn 3 points per dollar on travel and dining, and 1.5 points on all other purchases. |
One of the standout features of the Bank of America Premium Rewards Credit Card is its lucrative sign-up bonus. With this bonus, new cardholders can earn a significant amount of points simply by meeting the required spending threshold within the first three months.Additionally, the rewards program is designed to maximize your earnings on everyday spending. For example, when you dine at restaurants or book travel, you will accumulate three points for every dollar spent, which can quickly add up to substantial rewards. This is particularly beneficial for those who travel frequently or enjoy dining out.Moreover, the card’s high rewards rate on daily expenses (1.5 points on all other purchases) makes it ideal for users who want to benefit from everyday spending rather than just limited categories. Such features not only enhance the value of the card but also ensure that cardholders are rewarded consistently for their purchasing habits, making it a useful addition to anyone’s wallet.
Requirements for Bank of America Premium Rewards Credit Card
- Minimum Credit Score: Applicants generally need a good to excellent credit score, typically above 700, to qualify for the Bank of America Premium Rewards Credit Card. This ensures the bank that you are reliable in managing credit.
- Income Verification: Be prepared to provide proof of income. This can be your salary, wages, or income from other sources, as it helps the bank assess your ability to repay the credit.
- Proof of Identity: A valid form of government-issued identification, such as a driver’s license or passport, is necessary to verify your identity.
- Age Requirement: Applicants must be at least 18 years old. This is a standard legal requirement for any credit card application in the United States.
- U.S. Residency: You must be a resident of the United States. Proof of residency could include utility bills or lease agreements that confirm your address.
- Credit History: A healthy credit history, without delinquencies or bankruptcies, improves your chances of approval. Lenders favor applicants who have a track record of timely payments.
LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
How to Apply for the Bank of America Premium Rewards Credit Card
Step 1: Visit the Bank of America Website or Nearest Branch
To begin your application for the Bank of America Premium Rewards Credit Card, you can either visit the Bank of America website or go to your nearest Bank of America branch. If you prefer doing it online, go to the credit card section on their official site, which provides detailed information about the card benefits and application process.
Step 2: Choose the Premium Rewards Credit Card
Once on the credit card page, locate the Premium Rewards Credit Card among the various options available. Read through the features and benefits to ensure it fits your financial needs. This card is particularly beneficial if you travel frequently or have a lot of eligible purchases, as it offers rewards points for both.
Step 3: Fill Out the Application Form
After choosing the Premium Rewards Credit Card, click on the application button to start the process. You will need to fill out a detailed application form which includes personal information such as your name, address, Social Security number, and employment details. Make sure to double-check the information you provide to avoid any potential delays.
Step 4: Submit Additional Documents if Required
In some cases, you might be asked to submit additional documentation, like proof of income or identity verification. This can be done online by uploading the documents directly through the Bank of America portal or by visiting a branch if you prefer handling it in person.
Step 5: Await Approval
Once your application and any required documents are submitted, Bank of America will process your application. You might receive instant approval, or it could take a few business days. Keep an eye on your email or mailbox for a response from the bank regarding your application status.
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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 a range of benefits, such as unlimited 2 points for every dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. Additionally, cardholders can enjoy up to a $100 annual airline incidental statement credit and up to $100 for Global Entry or TSA PreCheck application fees. These rewards can lead to significant savings for frequent travelers.
Is there an annual fee for the Bank of America Premium Rewards Credit Card?
Yes, the card comes with an annual fee of $95. However, the perks such as travel credits and reward points may outweigh this fee for many users, especially those who travel often and can take full advantage of the offered benefits.
How can I maximize my rewards with this credit card?
To maximize your rewards, focus your spending on travel and dining, where you earn 2 points per dollar. Also, make sure to utilize the airline incidental credit every year. If you’re eligible, consider using your card for Global Entry or TSA PreCheck to get the application fee reimbursed. By strategically using these features, you can enhance the value you get from your credit card.
Are there any foreign transaction fees with this credit card?
No, the Bank of America Premium Rewards Credit Card does not charge foreign transaction fees. This makes it an excellent choice for international travelers who want to avoid additional charges when spending abroad.
How does the sign-up bonus work?
The Bank of America Premium Rewards Credit Card offers a sign-up bonus which is typically earned by spending a specified amount within the first 90 days of account opening. For example, you might receive 50,000 bonus points after spending $3,000 in purchases during that period. Always check the latest promotion details to stay informed about the current sign-up bonus offer.
