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Card reviewBank of America
Updated Aug 2, 2026 · research
Bank of America® Premium Rewards® Credit Card
Bank of AmericaBofA Rewards™

Bank of America® Premium Rewards® Credit Card

Earn unlimited points – 2 points for every $1 spent on travel and dining purchases and 1.5 points per $1 on all other purchases.

Mid TierPersonal
Visa
$95
Annual fee
2x pts dining
Top rate
None
Foreign fee
N/A
Rating

Current Welcome Offer

Earn 60,000 points

Spend $4,000 in 90 days

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Card Offers

public

Earn 60,000 points

Verified

Spend $4,000 in 90 days

official

Earning Rates

Dining
2xpoints

unlimited

Travel
2xpoints

unlimited

all other purchases
1.5xpoints

unlimited

Pros & Cons

Pros

  • 2 points per dollar on travel and dining
  • 1.5 points per dollar on all other purchases
  • 60,000-point welcome bonus after $4,000 spend
  • Up to $200 in combined annual travel credits
  • No foreign transaction fees

Cons

  • $95 annual fee
  • No introductory APR offers
  • High variable APR up to 27.49%
  • Rewards earned as points only

Key Takeaways

  • Earn 2x points on travel and dining, 1.5x on everything else
  • 60,000 bonus points after $4,000 in 90 days
  • $100 airline incidental credit yearly plus $100 security credit every 4 years
  • $95 fee with no foreign transaction fees
  • Visa card with variable APR 19.49% - 27.49%

Fees

Fee TypeAmount
Annual Fee$95
Foreign Transaction Fee0%

APR Information

Purchase APR
19.49% - 27.49%

APRs shown are variable and may change based on the Prime Rate. Your actual APR will be determined based on your creditworthiness.

Card Benefits

5 benefits (4 strong or better)

Travel Insurance

Travel Credits

Purchase Protection

Other Insurance

Coverage Tier Legend

Best in ClassIndustry-leading coverage
StrongAbove average
StandardTypical coverage
LimitedBelow average

Hidden Gems

Airline Incidental Credits

Receive up to $100 yearly for seat upgrades, baggage fees, in-flight services, and lounge fees. Credits apply automatically to qualifying purchases.

Airport Security Credit

Get up to $100 every four years toward TSA PreCheck or Global Entry application fees. This covers the full cost for most applicants.

No Foreign Transaction Fees

Avoid fees on international purchases, making it suitable for overseas travel and spending.

Frequently Asked Questions

What is the annual fee for the Bank of America Premium Rewards Credit Card?
The annual fee is $95. It is not waived in the first year.
What are the rewards earning rates?
Cardholders earn 2 points per dollar on travel and dining purchases. All other purchases earn 1.5 points per dollar.
What is the welcome bonus offer?
Earn 60,000 bonus points, a $600 value, after making at least $4,000 in purchases within the first 90 days of account opening.
Does this card charge foreign transaction fees?
No, there are no foreign transaction fees on purchases made outside the United States.
What statement credits are available?
Up to $100 annually for qualifying airline incidental purchases like seat upgrades, baggage fees, in-flight services, and lounge fees. Up to $100 every four years for TSA PreCheck or Global Entry application fees.
What is the APR range?
The standard variable APR ranges from 19.49% to 27.49% for purchases and balance transfers.
Who is eligible to apply?
This is a personal credit card available through Bank of America. Specific eligibility depends on credit approval.

About This Card

Travelers and diners who spend moderately on everyday purchases and value statement credits for airline fees and security programs. Ideal for those seeking premium travel perks without a high annual fee.

Get up to $200 in travel statement credits including $100 in Airline Incidental Statement Credits annually and $100 in Airport Security Credits for TSA PreCheck or Global Entry. Earn 60,000 online bonus points after spending $4,000 in the first 90 days. Low $95 annual fee and no foreign transaction fees.

It offers a strong 1.5 points per dollar on everyday spending combined with travel credits at a modest $95 annual fee, setting it apart from similar premium travel cards.

Ready to Decide?

Apply for the Bank of America® Premium Rewards® Credit Card

Earn 60,000 points with a $95 annual fee.

Spend $4,000 in 90 days

Apply NowCompare Cards
Rewards program

BofA Rewards™

Earns Points

Card Categories

TravelDiningNo Foreign Transaction FeeEveryday spending

Sources & Methodology

Data Collection

We collect card details from official issuer pages, then verify them with automated checks.

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How it's checked

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Data Quality
  • 5 of 5 benefits rated high confidence
  • 5 source citations across benefits
  • 1 of 1 offer verified
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