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Card reviewBank of America
Updated Apr 16, 2026 · research
Bank of America® Premium Rewards® Credit Card
Bank of AmericaBank of America Premium RewardsEditorially reviewed

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

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

Current Welcome Offer

60,000 points

$600 estimated value

Spend $4,000 in 90 days

Verifiedofficial
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Card Offers

public

60,000 points

Verified

$600 estimated value

Spend $4,000 in 90 days

official

Earning Rates

Dining
2xpoints
Travel
2xpoints
all other purchases
1.5xpoints

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%
Balance Transfer 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

3 benefits

Travel Credits

Statement Credits

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.

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. Get up to $200 in travel statement credits annually ($100 Airline Incidental, $100 TSA PreCheck/Global Entry every 4 years). Low $95 annual fee and no foreign transaction fees. Standard APR 19.49% - 27.49% variable.

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

60,000 points, worth about $600 estimated value, with a $95 annual fee.

Spend $4,000 in 90 days

Apply NowCompare Cards

Reward Program

Bank of America Premium Rewards

Earns Points

Learn more

Card Categories

TravelDiningPremium Rewards

Sources & Methodology

Data Collection

We collect card details from official issuer pages, then verify them through editorial review.

Last updated:

Editorial Review

Pending editorial review.

Data Quality
  • 3 of 3 benefits rated high confidence
  • 1 of 1 offer verified
Learn More

Read our full methodology for how we collect, verify, and rate credit cards.

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