Flexible Travel Rewards & Premium Perks
The world of travel rewards can get complicated fast but this card keeps things simple while offering premium benefits and rewards. The introductory bonus is generous and easily achievable and the ongoing rewards have unlimited earning potential.
Bank of America® Premium Rewards® credit card

Earn unlimited 1.5 points for every $1 spent on all other purchases.
If you’re a Preferred Rewards member, you can earn 25% – 75% more points on every purchase.
Critics' Overview
Frequent travelers looking for flexibility in credit card rewards should take a look at the Bank of America® Premium Rewards® credit card, especially if they are already Bank of America® customers. This card offers strong rewards for those who like traveling and dining, all for a relatively modest annual fee. We dig into all the important details below.Card Details From Bank of America
- NEW OFFER! Receive 60,000 online bonus points – a $600 value – after you make at least $4,000 in purchases in the first 90 days of account opening.
- Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points for every $1 spent on all other purchases. No limit to the points you can earn and your points don’t expire.
- If you’re a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend.
- Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill® accounts, or gift cards or purchases at the Bank of America Travel Center.
- Get up to $100 in Airline Incidental Statement Credits annually and TSA PreCheck®/Global Entry Statement Credits of up to $100, every four years.
- Travel Insurance protections to assist with trip delays, cancellations and interruptions, baggage delays and lost luggage.
- No foreign transaction fees.
- Low $95 annual fee.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Our Critical Analysis
- Impressive bonus opportunity
- Exceptional and straightforward ongoing rewards
- Flexible redemption options
- Preferred Rewards members can earn 25% – 75% more cash back on every purchase
- No intro APR period on purchases or balance transfers
- Annual Fee
The Bank of America® Premium Rewards® credit card is a top option in the travel card category and it offers better flexibility than many other cards. The card earns 2 points per dollar on travel and dining purchases and 1.5 points per dollar on all other purchases. With no foreign transaction fees and a TSA PreCheck or Global Entry statement credit of up to $100 every four years, this card is great for domestic and international travel. This card also protects you against trip cancellation, delay coverage, lost baggage reimbursement, and more!
Another enticing perk is that you’ll receive 60,000 online bonus points after you make at least $4,000 in purchases on your card within the first 90 days of your account opening. That’s a $600 value, making the modest annual fee more than worth it.
Bank of America® Preferred Rewards program members can accelerate their cash back earnings by 25% to 75%. Your eligibility for this program is based on your Bank of America® and Merrill combined balances. If you qualify for that highest tier, then the 2 points on travel and dining could go up to 3.5 points and the 1.5 points for all other purchases could go up to 2.62 points for every dollar spent.
If you have good to excellent credit and are looking for a flexible travel credit card that offers amazing rewards, then you really can’t go wrong with the Bank of America® Premium Rewards® credit card. Select ‘Apply Now’ to view all the card details and easily apply.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
*CardCritics references a FICO® 8 score, which is one of many different types of credit scores. A financial institution may use a different score when evaluating your application.