pointstopictures Summary
The Bank of America Premium Rewards Credit Card is a well-rounded travel and rewards card designed for those who want flexible redemption options and valuable travel perks without a high annual fee. With a solid 60,000-point welcome bonus, up to $200 in annual travel credits, and no foreign transaction fees, it’s a great option for frequent travelers. However, the $95 annual fee and lack of luxury travel perks might not make it the best choice for premium travelers looking for lounge access or transfer partners.
Highlights
- Earn 60,000 bonus points after spending $4,000 in the first 90 days (worth $600).
- Up to $100 airline incidental statement credit per calendar year.
- Up to $100 TSA PreCheck® or Global Entry credit every 4 years.
- No foreign transaction fees.
- $95 annual fee.
Earning Rate
- 2X points on travel and dining purchases.
- 1.5X points on all other purchases.
- Up to 75% rewards boost for Preferred Rewards® members.
Details
The Good
- Bank of America Premium Rewards Credit card offers a strong welcome bonus.
- More points if you can pair it with BoA Preferred Rewards bonus
- Flexible redemption options, including statement credits, travel, or cash back.
- Solid earning rate, especially for travel and dining.
- $100 Airline incidental credits
- TSA Pre/Global entry credit every 4 years.
- No foreign transaction fees, making it great for international travelers.
The Bad
- $95 annual fee, though offset by travel credits.
- Lacks premium perks like lounge access or travel transfer partners.
Our Take
The Bank of America Premium Rewards Credit Card a great mid-tier option if travel occasionally but don’t need premium travel benefits. The 60,000-point sign-up bonus is a major draw, and the $100 annual travel credits help offset the $95 annual fee. If you pair this with Bank of America’s Preferred Rewards program, which can boost rewards significantly. BoA Preferred Rewards bonus gives you 25% more points for the Gold tier, 50% for the Platinum tier, or 75% for the Platinum Honors, Diamond or Diamond Honors tier on purchases. Overall, it’s a solid choice if you want strong rewards without a hefty price tag.
