How to earn points with the Premium Rewards Card

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 & calculator

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Key benefits of the Premium Rewards Card

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.