How to Apply for Bank of America Premium Rewards Credit Card
Unlock a world of financial rewards and convenience with the Bank of America Premium Rewards Credit Card. Designed for those who value everyday savings, this credit card offers a straightforward path to earning while you spend. As you swipe for groceries, dining, or travel expenses, you’re rewarded with points that can be turned into cash back or travel experiences.
One of the standout features of this card is its generous earning potential, allowing cardholders to maximize value from daily purchases. Additionally, the card includes travel benefits, such as credits for airline expenses, making it a practical choice for frequent travelers or those planning a vacation.
Applying for this card is simple and can be a beneficial step towards better financial management. With easy application processes, it invites individuals to explore new habits in daily savings and smart spending. Discover how this card can enhance your financial journey.
Top Benefits of the Bank of America Premium Rewards Credit Card
Earn Unlimited Rewards
With the Bank of America Premium Rewards Credit Card, you can earn unlimited rewards on every purchase. Enjoy 2 points for every dollar spent on travel and dining, and 1.5 points per dollar on all other purchases. This rewards structure allows you to maximize your earnings on everyday expenses, helping you accumulate points faster than many other cards.
Tip: To maximize your rewards, use this card for all dining and travel-related expenses. Just remember to pay off the balance each month to avoid interest charges, which can eat into your savings.
Receive Flexible Travel Credits
Cardholders receive up to a $100 annual airline incidental statement credit, which can be used on a variety of travel-related expenses such as baggage fees, in-flight purchases, and more. This feature is particularly beneficial for frequent travelers looking to save on added costs.
Tip: Plan your travels around the time of the year when you can make the most of these credits, ensuring that your journey is as cost-effective as possible.
Generous Sign-Up Bonus
New cardholders can earn a bonus of 50,000 points after spending $3,000 in purchases within the first 90 days of account opening. This bonus is equivalent to a $500 value, which can give your financial plans a substantial boost.
Tip: Stretch your initial spending to align with planned big purchases like trips or holiday shopping to meet the sign-up bonus requirement without unnecessary expenses.
Enhanced Security and Customer Support
The card offers a range of security features including fraud protection and alerts that notify you of any unusual activity. Additionally, customer support is available 24/7, ensuring assistance is always at hand.
Tip: Sign up for text or email alerts to monitor your account activity easily, preventing unauthorized transactions and maintaining a secure credit history.
REQUEST YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD NOW
Requirements for Bank of America Premium Rewards Credit Card
- Minimum Credit Score: To apply for the Bank of America Premium Rewards Credit Card, you typically need a good to excellent credit score. A score of at least 700 is often recommended to increase your chances of approval.
- Proof of Income: While there isn’t a strict minimum income requirement, demonstrating a stable income source is crucial. Be prepared to provide pay stubs, recent tax returns, or other proof of income to verify your ability to make monthly payments.
- U.S. Residency: Applicants should be either U.S. citizens or resident aliens. You may need to provide Social Security Number or other proof of residency during the application process.
- Age Requirement: You must be at least 18 years old to apply for any credit card, including the Bank of America Premium Rewards Credit Card. For those below the age of 21, you might need to show proof of independent income or have a co-signer.
- Existing Relationship with Bank of America: While not mandatory, having a prior banking relationship with Bank of America might be beneficial, as it could streamline the application process.
APPLY NOW FOR 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
Start your application by visiting the official Bank of America website. On the homepage, locate the search bar or the credit card section. Use it to find the Premium Rewards Credit Card page. This is where you’ll find detailed information about the card benefits, terms, and rewards.
Step 2: Review Card Benefits and Requirements
Once you are on the Premium Rewards Credit Card page, it is important to thoroughly read through the benefits and terms. Make sure you understand the rewards program, annual fee, interest rates, and any applicable charges. Confirm that you meet the eligibility criteria, which may include being a U.S. resident and meeting certain income requirements.
Step 3: Start the Application Process
After understanding the benefits and eligibility, click on the application button to start the process. You will be required to fill out an online form with personal details such as your full name, address, Social Security number, and employment information. Ensure that all the information is accurate to avoid delays in the application processing.
Step 4: Review and Submit Your Application
Before submitting, review your application for accuracy. Double-check the information you have entered to ensure there are no mistakes. Once verified, submit your application. You may receive an instant decision or a request for additional information. If further information is needed, promptly provide it to expedite the process.
Step 5: Await Approval and Receive Your Card
After submission, you will receive a confirmation email or notification regarding your application status. Upon approval, expect your Bank of America Premium Rewards Credit Card to arrive by mail within 7-10 business days. Once you receive your card, activate it according to the instructions provided, and start enjoying your rewards.
SIGN UP FOR YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD TODAY
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 numerous benefits focused on daily savings and travel perks. You’ll earn unlimited 2 points for every $1 spent on travel and dining and 1.5 points per $1 on all other purchases. Plus, enjoy up to a $100 annual airline incidental statement credit for qualifying purchases, enhancing your travel experience.
Is there an annual fee for this credit card?
Yes, the Bank of America Premium Rewards Credit Card has an annual fee of $95. However, the rewards and credits provided can offset this fee, making it a valuable option for individuals who often travel or dine out.
How can I redeem the rewards points?
Redeeming your points is easy and flexible. You can use them for a variety of options, including travel, cash back, and gift cards. Simply log into your account to view and choose your redemption options, making the rewards work for your everyday needs.
Are there any foreign transaction fees with this card?
No, there are no foreign transaction fees with the Bank of America Premium Rewards Credit Card. This makes it an excellent option for travelers who wish to save money when making purchases from abroad.
How does the $100 annual airline incidental credit work?
The $100 annual airline incidental credit can be used toward qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airport lounge fees. Simply charge these expenses to your card, and the credit will be automatically applied, providing savings on your travels.
Beatriz Johnson is a seasoned financial analyst and writer with a passion for simplifying the complexities of economics and finance. With over a decade of experience in the industry, she specializes in topics like personal finance, investment strategies, and global economic trends. Through her work on Father Company, Beatriz empowers readers to make informed financial decisions and stay ahead in the ever-changing economic landscape.
