How to Apply for Bank of America Premium Rewards Credit Card
Unlocking a world of rewards and perks can be made easier with the right credit card choice. The Bank of America Premium Rewards Credit Card offers a compelling suite of benefits, making it a worthy contender for discerning cardholders. Designed with frequent travelers and reward seekers in mind, this card provides reliable support for your financial journey.
Key benefits include earning 2 points per $1 spent on travel and dining, plus 1.5 points per $1 on all other purchases. Additionally, the cardholder enjoys up to $200 in combined airline incidental and travel statement credits annually, which can significantly offset travel expenses.
The reliability and prestige of Bank of America enhance your security and assurance, ensuring peace of mind. From competitive rewards to robust customer service, this card aims to empower your buying decisions. Learn how to apply and see if it aligns with your financial goals.
Benefits of the Bank of America Premium Rewards Credit Card
1. Earn Unlimited Rewards
The Bank of America Premium Rewards Credit Card lets you earn unlimited points on every purchase with no expiration. You can collect 2 points for every $1 spent on travel and dining purchases, and 1.5 points for each $1 spent on all other purchases. This means every dollar you spend works harder for you, whether you’re on a business trip, dining out, or simply shopping for groceries. To maximize your rewards, consider using this card for all your travel and dining expenses to rapidly build up your points.
2. Travel Perks and Benefits
Enjoy extensive travel benefits that include up to $100 in airline incidentals annually, which can cover baggage fees and in-flight purchases. Additionally, you get up to $100 in statement credits for TSA Pre✓® or Global Entry application fees every four years. These perks not only enhance your travel experience but also save you money. Remember to activate these benefits before you travel to take full advantage of them.
3. No Foreign Transaction Fees
Shopping internationally? The Bank of America Premium Rewards Credit Card charges no foreign transaction fees. This is a significant advantage for anyone who travels abroad or makes purchases from international vendors online. Use this benefit to shop with confidence worldwide, knowing you won’t be hit with unexpected fees.
4. Valuable Customer Service and Security
This credit card comes with Bank of America’s commitment to providing exceptional customer service and robust security features. You’ll enjoy account alerts to help you track your spending and protect your account, along with a $0 liability guarantee for unauthorized charges. With 24/7 access to customer service, you can trust that support is always available whenever you need it.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
| Category | Description |
|---|---|
| Rewards Program | Earn 3 points per dollar on travel and dining, making your expenses even more rewarding. |
| Bonus Offers | Receive a sign-up bonus of 50,000 points after spending $3,000 in the first 90 days. |
Additionally, the Bank of America Premium Rewards Credit Card provides excellent perks that cater to travelers. With no annual fee for the first year, it makes the transition to using a premium card seamless. Holders benefit from zero foreign transaction fees, allowing for smooth international purchases without additional costs. This feature enhances your travel experience, making it more convenient and enjoyable.Moreover, cardholders enjoy access to valuable benefits, such as the Travel & Emergency Assistance Services. This gives you peace of mind while traveling, knowing you have a reliable support system at your fingertips. Customer satisfaction is further solidified through 24/7 access to customer service, ensuring that help is always available when needed. The Bank of America Premium Rewards Credit Card is designed with the consumers’ needs in mind, combining benefits that encourage responsible spending with the opportunity to earn rewards that can be redeemed for future travel or experiences. It stands out as a reliable choice for both seasoned frequent travelers and those just starting their journey, fostering confidence in their financial decisions.
Requirements for the Bank of America Premium Rewards Credit Card
- Applicants should have a good to excellent credit score. Typically, a score of 700 or higher increases your chances of approval.
- A steady source of income is essential to qualify. Bank of America will likely assess your employment and income stability to ensure you can manage credit responsibly.
- Be prepared to provide documentation, including your Social Security Number, to verify your identity and assess creditworthiness.
- An account with Bank of America is not mandatory, but having an existing relationship with the bank can sometimes offer additional benefits or streamlined processing.
- The minimum age requirement is typically 18 years, and you must be a resident of the United States.
SEE HOW TO GET YOUR 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 Local Branch
To begin your application process for the Bank of America Premium Rewards Credit Card, you can either visit the official Bank of America website or head to your nearest Bank of America branch. If choosing the online route, ensure you are on the official site to guarantee security and authenticity. The website conveniently provides all the information you need about the card and its benefits.
Step 2: Gather Necessary Documentation
Before starting your application, gather essential documents to streamline the process. You will need to provide proof of identity, such as a driver’s license or passport, your Social Security Number, and details about your income and employment. Having these documents on hand will make the application process quicker and easier.
Step 3: Complete the Application Form
Once you’re ready to apply, fill out the application form with details from your gathered documents. If applying online, follow the prompts to input your personal information. Ensure all information is accurate and complete, as this influences the speed of your application review. Don’t hesitate to contact Bank of America’s customer service if you have questions or concerns during this step.
Step 4: Submit Your Application
After verifying that all the information provided is accurate, submit your application. If applying online, ensure you receive a confirmation email indicating that your application is under review. If applying in person, your bank representative will guide you through the submission and inform you of the next steps.
Step 5: Await Approval Decision
Once your application is submitted, the waiting period for approval begins. The decision may be instant, or it might take a few business days for more detailed reviews. Rest assured, Bank of America strives to provide a reliable and supportive service, and you will be informed of your application status promptly. Upon approval, you will receive your new credit card in the mail, ready for use.
LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
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 designed to enhance your travel and everyday spending experience. Some of the key perks include earning 2 points per $1 spent on travel and dining purchases and 1.5 points per $1 spent on all other purchases. Additionally, you can enjoy up to $100 in statement credits for airline incidental fees and access to premier travel benefits, making your journeys more rewarding.
Is there an annual fee for the Bank of America Premium Rewards Credit Card?
Yes, the card has an annual fee of $95. However, the potential savings and rewards can easily offset this cost, especially if you frequently travel and dine out, allowing you to make the most of the card’s benefits and rewards program.
How can I maximize my rewards with this card?
To maximize your rewards with the Bank of America Premium Rewards Credit Card, focus on spending in the travel and dining categories to earn 2 points per dollar. Additionally, if you are a Bank of America Preferred Rewards client, you can potentially earn 25% – 75% more points on every purchase. Combining these strategies can significantly boost your rewards balance over time.
Does the Bank of America Premium Rewards Credit Card offer any travel insurance or protections?
Yes, the card comes with a suite of travel insurances and protections, including trip delay reimbursement, trip cancellation/interruption insurance, lost luggage reimbursement, and travel accident insurance. These features provide reliable support and peace of mind when traveling, ensuring you are protected against the unexpected.
How can I apply for the Bank of America Premium Rewards Credit Card and what credit score do I need?
Applying for the Bank of America Premium Rewards Credit Card is straightforward. You can easily complete the application online through the Bank of America website. To increase your chances of approval, it is recommended to have a good to excellent credit score, typically a score of 700 and above. This will help ensure you access the full range of benefits and rewards this card offers.
