Bank of America® Premium Rewards®
on Bank of America's website
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Pros & Cons
Pros
- +Welcome Bonus: 60,000 points
- +No foreign transaction fees
Cons
- –No purchase protection
Our Review
Experience Premium Rewards on Every Journey with the Bank of America Premium Rewards Credit Card
- 2X points on travel and dining; 1.5X points on all other purchases
- 60,000 bonus points after $4,000 in purchases within 90 days (worth $600)
- $95 annual fee—easily offset by your bonus and credits
- No foreign transaction fees, so you can spend abroad without worry
- Up to $100 airline incidental credit annually for baggage fees, upgrades or lounge access
- Global Entry/TSA PreCheck credit up to $100 every four years
- 25%–75% more points when you enroll in Preferred Rewards®
Ideal for frequent flyers and foodies alike, this card delivers powerful travel protections—trip delay, cancellation, baggage insurance—and access to Visa Signature Luxury Hotel Collection perks like upgrades and daily breakfast. Your points never expire and are worth at least 1¢ each toward travel, cash back or gift cards. Elevate your adventures with premium perks at a smart price.
Terms apply. See issuer for complete details.
Rewards
All Spending
1.5x
Bank of America Preferred Rewards pts per dollar
Restaurants
2x
Bank of America Preferred Rewards pts per dollar
Travel
2x
Bank of America Preferred Rewards pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
47,700
Bank of America Preferred Rewards/yr
Estimated Value
$477
After Fees
+$382
1st Year Value
$982
incl. welcome bonus
Breakdown
Fees and interest rates
- Annual Fee$95
- Foreign currency conversion fee0%
Terms & Conditions
Card Features
- Low $95 annual fee.
- 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 as long as your account remains open.
- 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.
- 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.
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Milesopedia USA may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Bank of America. All trademarks are property of their respective owners.