Bank of America^® Premium Rewards^®: Travel and Dining Rewards with 60,000 Welcome Bonus Points

Pros and Cons

Pros:

• Sign-up bonus
• Bonus points on travel and dining
• The base rate is 1.5 points for every $1 spent
• No foreign transaction fees
• Up to $100 annual airline incidental statement credit
• Global Entry or TSA PreCheck^® statement credit
• BofA Rewards™ program
• Strong travel protections
• Purchase protections
• Extended warranty coverage

Cons:

• No transfer partners
• $95 annual fee
• No intro 0% APR
• High APR

Welcome Offer

Earn 60,000 bonus points after spending $4,000 in the first 90 days. That’s worth $600 when redeemed for cash.

Rewards

• 2X Points:
  • Travel
  • Dining
• 1.5X Points on all other purchases.

Big4credit Tip: Use this card for non-bonus spending. Pair it with a travel card that earns higher rewards on airfare, hotels, or other travel categories, then use the Premium Rewards^® card for purchases outside those bonus categories. BofA Rewards™ members can earn up to 2.62X points on everyday purchases, making it especially valuable as a companion card.

Redemption Options

• Flexible Redemption: Redeem points for cash back as a direct deposit into eligible Bank of America^® or Merrill^® accounts, a statement credit, gift cards, or travel through the Bank of America Travel Center.
• Redemption Value: 1 point = 1 cent.

Fees and APR

• Annual Fee: $95.
• Regular APR: 19.49% - 27.49% Variable APR.
• Balance Transfer Fees: 5% of each transfer amount.
• Foreign Transaction Fee: None.

Big4credit Tip: Pay your balance in full each month. This card does not offer a 0% introductory APR, so it’s best suited for cardholders who don’t plan to finance large purchases. Paying your statement balance in full helps you avoid interest charges, while making on-time payments can prevent late fees and the potential application of a penalty APR.

Annual Credits & Statement Credits

• Up to $100 Airline Incidental Credit: Get up to $100 in annual statement credits for airline incidentals like seat upgrades, baggage fees, in-flight purchases, and lounge access.

Big4credit Tip: Unlike many airline credit cards, this benefit isn’t tied to a specific carrier. You can use the credit for eligible incidental fees with the airline that best fits your travel plans, making it a good option for travelers who don’t stick to a single airline.

• Up to $100 Global Entry or TSA PreCheck^® Credit: Receive a statement credit (up to $100 every four years) as reimbursement for your Global Entry^® or TSA PreCheck^® application fee.

Bank Relationship Benefits

• BofA Rewards™ Eligibility: An eligible Bank of America^® personal checking account is required to enroll in BofA Rewards™.
• Boosted Rewards for BofA Rewards™ Members: If you’re enrolled in BofA Rewards™, you can earn 10% to 75% more points.
  • Member: 10% rewards bonus
    • 2.2X Points on travel and dining
    • 1.65X Points on all other purchases.
  • Preferred Plus: 25% rewards bonus
    • 2.5X Points on travel and dining
    • 1.87X Points on all other purchases.
  • Preferred Honors: 50% rewards bonus
    • 3X Points on travel and dining
    • 2.25X Points on all other purchases.
  • Premier: 75% rewards bonus
    • 3.5X Points on travel and dining
    • 2.62X Points on all other purchases.

» MORE: BofA Rewards™ program

Travel Benefits

Visa Signature^® Luxury Hotel Collection: Access to participating hotels offering benefits such as room upgrades when available, daily breakfast for two, and select on-property credits when booking through the Visa Luxury Hotel Collection portal (terms apply).

Travel Protections

• Trip Delay Reimbursement: If your trip is delayed by more than 12 hours or requires an overnight stay, you can be reimbursed up to $500 per traveler for expenses like meals and lodging.
• Trip Cancellation & Interruption Insurance: Get reimbursed up to $2,500 per person for prepaid, nonrefundable fares if your trip is canceled or interrupted due to covered reasons like illness or severe weather.
• Baggage Delay Insurance: Get reimbursed up to $100 per day for up to 5 days for essential purchases if your baggage is delayed more than 6 hours.
• Lost Luggage Reimbursement: Get reimbursed if your baggage or its contents are lost or stolen by a common carrier (airline, bus, train, or cruise).
• Emergency Evacuation & Transportation: Get reimbursed for emergency evacuation and transportation if you or an immediate family member become sick or injured while traveling away from home.
• Auto Rental Coverage: Get reimbursement for theft and collision damage when you decline the rental company’s coverage and pay in full with your card. Coverage is secondary.

Travel & Emergency Assistance

• Travel & Emergency Assistance: Access to emergency referral and coordination services while traveling (service referrals only; costs not covered).
• Roadside Assistance: Dispatch service available; service fees apply.

Purchase Protections

• Purchase Protection: Covers new purchases for 90 days against damage or theft, up to $10,000 per claim.
• Extended Warranty: Double the manufacturer’s warranty by up to one additional year on eligible warranties of three years or less.
• Return Protection: Reimburses for eligible items that the store won’t take back within 90 days of purchase, up to $250 per item and $1,000 per year.

Lifestyle Perks

Visa Signature Concierge: 24/7 concierge assistance for travel planning, dining reservations, event tickets, and other services (availability and outcomes not guaranteed).

Convenience Features

Digital wallet compatible: Apple Pay^®, Google Pay™, Samsung Pay.

Buy Now, Pay Later Options

Custom Pay Plan: Break up eligible credit card purchases into equal monthly payments. No interest, just a fixed monthly fee.

Ratings

• Net Value & Cost Efficiency: 8.7/10
• Rewards & Earnings Power: 9/10
• Welcome Bonus Value: 8/10
• First-Year Earning Boost: 0/10
• APR & Interest Structure: 2.8/10
• Simplicity & Transparency: 8.8/10
• Perks, Benefits & Protections: 5.1/10
• Issuer Credibility & Stability: 7/10
• Installment & BNPL Features: 7/10
• Eligibility & Approval Accessibility: 7/10

Big4Credit ratings are based on our independent analysis of each card’s features, value, fees, rewards, and benefits. Card issuers do not influence our ratings.

Customer Satisfaction

The Bank of America^® Premium Rewards^® Credit Card received a 671 out of 1,000 score in the 2026 J.D. Power U.S. Credit Card Satisfaction Study, placing it above the average score for rewards credit cards with annual fee.

Terms and Conditions

Click Apply Now to see the terms and conditions.

EarnSmart Rewards Strategy

• U.S. Bank Cash+^® Visa Signature: Earn 5% cashback in two categories of your choice, making it a strong option for utilities, internet service, and other recurring household bills.
• Discover it^®: Earn 5% cashback on rotating quarterly categories (activation required), adding additional high-reward opportunities beyond travel and dining.
• Altitude^® Connect: Adds elevated rewards on travel, gas, and EV charging purchases, helping optimize transportation spending beyond Premium Rewards^® everyday rewards structure.

» MORE: See Big4credit’s best credit cards

The information about the credit cards has been collected independently by big4credit.com. The card details have not been reviewed or approved by the card issuer.