How to Apply for Bank of America Premium Rewards Credit Card Online
Applying for a credit card can often seem daunting, but with the right guidance, it can be a seamless process. The Bank of America Premium Rewards Credit Card offers a plethora of benefits designed to enhance your spending experience and reward you generously. By providing points on every purchase, this card turns ordinary spending into extraordinary rewards, making it an attractive option for savvy consumers.
Imagine earning unlimited points on dining and travel, and using these rewards to fuel your next adventure or enhance daily experiences. The convenience of applying online means you’re just a few clicks away from accessing a card that not only offers valuable travel perks and a generous introductory bonus, but also provides flexible redemption options to suit your lifestyle. Let’s delve into the straightforward steps to help you apply and unlock these exciting benefits with ease.
Unlocking the Benefits of the Bank of America Premium Rewards Credit Card
Earn Unlimited Reward Points
One of the key benefits of the Bank of America Premium Rewards Credit Card is the opportunity to earn unlimited reward points. For every dollar spent, you can earn points that can be redeemed for a variety of options such as travel, dining, cash back, or gift cards. Specifically, you earn 2x points on travel and dining purchases and 1.5x points on all other purchases. To maximize your rewards, consider using the card for all your travel and dining expenses.
Credit for Travel Expenses
This card offers a significant travel statement credit of up to $100 each year towards incidental airline charges like seat upgrades, baggage fees, or airport lounge access. It’s an excellent way to offset travel expenses that you might face when flying. Be sure to keep track of airline purchases to fully utilize this benefit each year.
Access to Exclusive Travel Protections
With the Bank of America Premium Rewards Credit Card, you gain access to a range of travel insurance protections, including trip delay reimbursement and baggage delay insurance. If your trip is delayed by more than 12 hours, you’re eligible for reimbursement of expenses like meals and lodging. Always report any travel interruptions promptly to ensure you can leverage these protections effectively.
No Foreign Transaction Fees
Travel abroad with peace of mind, as this card comes without foreign transaction fees. It means you can make purchases outside the United States without worrying about extra charges on your transactions. Remember to use this card whenever you’re shopping overseas to save money on unnecessary fees.
Enhanced Earning Potential for Preferred Rewards Clients
If you’re part of the Bank of America Preferred Rewards program, you can enjoy even greater earning potential. Clients can earn a rewards bonus of 25% to 75% on every purchase, depending on their tier in the program. Consider combining your checking, savings, and investment accounts with Bank of America to qualify for this program and boost your rewards rate.
GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE
| Feature | Description |
|---|---|
| Cash Back Rewards | Earn 3% back on dining, 2% on travel, and 1% on all other purchases. |
| Sign-up Bonus | Get a welcome bonus after spending a minimum amount in the first 90 days. |
The Bank of America Premium Rewards Credit Card offers exciting benefits that cater to a variety of spending habits. With an appealing cash back structure, cardholders can enjoy a higher return on daily purchases, especially when dining out or traveling. Additionally, the sign-up bonus provides new users with an additional advantage, incentivizing them to use the card responsibly within the first few months. Each of these elements not only enhances the value of the card but also encourages users to engage actively with their spending habits while enjoying rewards.
Requirements for the Bank of America Premium Rewards Credit Card
- Minimum Age: You must be at least 18 years old to apply for the Bank of America Premium Rewards Credit Card. This is a common legal requirement across credit card issuers in the United States.
- Credit Score: A good to excellent credit score, typically defined as 670 or higher, is usually needed to qualify for this type of premium rewards credit card. A strong credit score indicates responsible financial behavior to the issuer.
- Income Verification: Applicants should have a stable income to demonstrate their ability to meet credit obligations. This might include providing recent pay stubs or a W-2 form.
- Employment Information: Though not an immediate denial factor, having steady employment is often favorable when applying for this credit card. It helps assure the lender of ongoing financial stability.
- Identification: You will need to provide a valid Social Security number or an Individual Taxpayer Identification Number (ITIN) as part of the application.
GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE
How to Apply for the Bank of America Premium Rewards Credit Card
Step 1: Visit the Bank of America Website or Branch
To begin your application for the Bank of America Premium Rewards Credit Card, you need to visit their official website or a local branch. To access their website, open your web browser and type in www.bankofamerica.com. If you prefer a more personal approach, locate the nearest Bank of America branch by using their branch locator tool on the website or a simple online search.
Step 2: Navigate to the Premium Rewards Credit Card Section
Once on the Bank of America website, locate the Credit Cards section which is usually accessible from the homepage or the main menu. Look for the specific page dedicated to the Premium Rewards Credit Card. This section will provide you with detailed benefits, rates, and eligibility information about the card. It’s important to thoroughly review these details to ensure the card fits your needs and financial situation.
Step 3: Start Your Online Application
If you decide that the Premium Rewards Credit Card is right for you, click on the “Apply Now” button on the web page. This will take you to the application form. You’ll need to fill in your personal information such as your full name, address, Social Security number, and employment details. Ensure that all information is accurate and up-to-date, as any discrepancies might delay your application. If applying in-branch, a bank representative will guide you through these steps.
Step 4: Submit Required Documentation
During the application process, be prepared to provide certain documents that might be required for verification, such as proof of income or identification. You may upload these documents directly through the online application portal or provide them during your bank visit. Keep these documents handy to speed up the application process.
Step 5: Await Approval and Receive Your Card
After submitting your application, Bank of America will review it. This may take some time, and you’ll generally receive a response by email or mail. If approved, your new Bank of America Premium Rewards Credit Card will be mailed to your address. You’ll then need to activate it, following the instructions provided, before you can start using it for purchases.
SIGN UP TO GET YOUR 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 variety of benefits that can help you maximize rewards on your everyday purchases. You earn unlimited 2 points for every $1 spent on travel and dining and 1.5 points per $1 on all other purchases. Plus, the card provides up to a $100 airline incidental statement credit each calendar year for qualifying purchases like baggage fees, seat upgrades, and more.
Does the Bank of America Premium Rewards Credit Card have any annual fees?
Yes, the Bank of America Premium Rewards Credit Card comes with an annual fee of $95. However, with its generous rewards and additional perks, many users find the value it provides outweighs this cost, especially if you frequently travel or dine out.
Can I earn a welcome bonus with the Bank of America Premium Rewards Credit Card?
Yes, new cardholders can earn a generous welcome bonus. As of now, you can receive 50,000 online bonus points—a $500 value for travel or cash redemption—after you make at least $3,000 in purchases in the first 90 days of account opening.
Are there additional rewards for having a Bank of America banking relationship?
Absolutely! If you are a Bank of America customer with a qualified checking account, you could benefit even more through the Preferred Rewards Program. This program lets you earn a rewards bonus of 25% to 75% on every purchase, depending on your tier, which is determined by your account balance.
Is there any foreign transaction fee with this credit card?
No, there is no foreign transaction fee associated with the Bank of America Premium Rewards Credit Card. This feature makes it an excellent choice for individuals who frequently travel abroad, allowing you to spend without worrying about extra charges.
