Bank of America® Premium Rewards® Credit Card
Fees
Earning Rates
- Earn an unlimited 2X points on travel and dining purchases.
- Earn an unlimited 1.5X points on all other purchases.
Main Benefits
- Earn up to 75% more points as a Preferred Rewards member, up to $100 in airline incidental statement credits, a TSA PreCheck or Global Entry fee credit, and no foreign transaction fees.
Rewards Details
- Based on our valuations, Bank of America points earned with the Bank of America Premium Rewards Card are worth 1 cent each on average.
- 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.
Our Take
Card Details
Premium Rewards Card earning rate
The Bank of America Premium Rewards Card earns Premium Rewards points at the following rates:
- 2 points for every $1 spent on travel and dining purchases
- 1.5 points for every $1 spent on all other purchases
Premium Rewards Card points value
Premium Rewards Card benefits
Here are the main benefits of the Bank of America Premium Rewards Card:
- Airline Incidental Statement Credits: Get up to $100 in Airline Incidental Statement Credits annually for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees - automatically applied to your card statement.
- TSA PreCheck® or Global Entry Credit: Get up to $100 in Airport Security Statement Credits for TSA PreCheck® or Global Entry application fees, every four years.
- Bank of America Preferred Rewards: Bank of America Preferred Rewards® members earn 25%-75% more points on every purchase. That means you could earn 2.5 to 3.5 points on travel and dining purchases and 1.87 to 2.62 points on all other purchases, for every $1 you spend.
Premium Rewards Card fees
Annual Fee
The Bank of America Premium Rewards Card has a $95 annual fee.
Authorized User Fee
There is no fee for adding authorized users to the Bank of America Premium Rewards Card.
Foreign Transaction Fee
The Bank of America Premium Rewards Card has a 0% foreign transaction fee. That means you will not be penalized when using the card outside of the United States.
Premium Rewards Card points calculator
Find out how many Premium Rewards Points you can earn with the Bank of America Premium Rewards credit card as well as the cash value of those points. Results can be compared side-by-side credit cards featured on the site to see which earns you the most rewards.
Card Details All links open in new tab (so you will not lose your calculations).
Edit Card Details
Edit Card Name
Set the name of the card to something of your choosing. Leave it blank to default back to normal card name.
Quick Assign
Use quick assign to quickly toggle this card on for Spend Categories in the calculator. If the card is already assigned, toggling off will set the category to No Selection.
Currency Codes
Any currencies you add to the tool will be selectable when entering spend into the Spend Categories section of the calculator.
Do note that any foreign currencies selected will automatically be converted to the card's default currency when calculating rewards.
Currency Name
Add Status / Loyalty
You can add elite status to one or more columns. This allows you to calculate the extra points you would receive from having status with that program.
If the status is already added, you can update the currency the status is based on by specifying a different currency than what the one in the calculator already has.
NOTE: Elite status is automatically added to the calculator for most credit cards that grant it.
Clear / Remove...
If you're looking to quickly assign cards to multiple categories, click on the card itself under the Credit Cards section.
Card Select
Select the card you will use for this category.
Do note that the order of the categories in the Category Spending section makes a difference. Spend is calculate by month in order of categories listed.
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