How to Apply for Bank of America Premium Rewards Credit Card Easy Steps
Maximize Your Benefits with the Bank of America Premium Rewards Credit Card
Are you aiming to enhance your financial strategy with a rewards card? The Bank of America Premium Rewards Credit Card is a comprehensive choice to help you make the most out of your everyday purchases. This card is particularly designed for those who appreciate receiving rewards whether they’re indulging in a fine dining experience, embarking on travel adventures, or enjoying shopping sprees.
Unlock the Power of Rewards
What sets this card apart is its impressive reward system. Cardholders can earn unlimited points on a variety of purchases, ensuring that every swipe counts towards valuable rewards. For instance, dining out at your favorite restaurant or filling up your tank at the local gas station can contribute to your rewards pool. This makes the card not only versatile but also lucrative for those who regularly make these everyday transactions.
Additional Perks and Benefits
Beyond the robust reward system, this card offers other significant benefits. Cardholders can enjoy travel and shopping credits, which add further value to their experience. For frequent travelers, credits for flights or baggage fees contribute to a more relaxed and cost-effective journey. Similarly, shopping credits can help offset expenses, making every purchase more rewarding.
Simplified Application Process
Interested in applying for this card? The good news is that the application process is designed to be simple and straightforward. Even if you are a first-time applicant, you’ll find the steps easy to follow. With quick online forms, the card ensures that you can start enjoying its benefits in no time, unlocking the potential of your spending habits efficiently.
By choosing the Bank of America Premium Rewards Credit Card, you position yourself to take full advantage of the rewards and perks that align with your lifestyle. It’s more than just a card—it’s a tool to enhance your financial independence and reward your everyday spending.
Benefits of the Bank of America Premium Rewards Credit Card
1. Earn Rewards Points on Everyday Purchases
With the Bank of America Premium Rewards Credit Card, you can enjoy earning 2 points for every dollar spent on travel and dining purchases, and 1.5 points per dollar on all other purchases. This means whether you’re dining at your favorite local restaurant or booking a getaway, you’re continually accumulating rewards. To maximize these benefits, consider using this card for all major travel and dining expenses, allowing the points to really add up over time.
2. Enjoy Valuable Travel and Purchase Protections
This card offers an array of protections that give you peace of mind. Cardholders benefit from travel insurance including trip cancellation and interruption coverage, lost luggage reimbursement, and travel accident insurance. Additionally, there’s purchase security, which covers new purchases against damage and theft for a certain period. For added security, always check these benefits before making a big purchase or planning any trip, ensuring you’re covered.
3. Receive a Statement Credit for Travel Expenses
The card offers up to $100 in statement credits for travel purchases such as airline incidental fees, which can significantly offset travel costs. This benefit is especially advantageous when used strategically. For example, use it for baggage fees or in-flight purchases. Be sure to apply for these credits every calendar year to take full advantage of the benefit.
4. No Foreign Transaction Fees
When traveling abroad, say goodbye to foreign transaction fees with the Bank of America Premium Rewards Credit Card. This can save you money on purchases made outside the United States. Always use your card while overseas to avoid extra costs associated with currency conversion fees.
5. Exclusive Preferred Rewards Membership Boost
If you’re part of the Bank of America Preferred Rewards program, you can earn an additional 25% to 75% rewards bonus on every purchase. This means the more banking you do with Bank of America, the more you benefit. To maximize this, consider consolidating your Bank of America accounts to not only simplify your finances but to increase your reward earnings.
GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE
| Category | Details |
|---|---|
| Reward Points | Earn 2X points on travel and dining, and 1.5X points on all other purchases. |
| Bonus Offer | Receive a welcome bonus after spending a certain amount in the first 90 days. |
The Bank of America Premium Rewards Credit Card is designed to cater to frequent travelers and dining enthusiasts by offering attractive points on everyday purchases. The structure of earning reward points ensures that cardholders maximize their benefits during charges on travel and dining, while still accumulating rewards on general spending. Additionally, the card often features a lucrative bonus offer that incentivizes new members. This bonus allows users to earn extra points early on, enhancing the card’s overall value proposition. This can be particularly appealing for those who can meet the required spending threshold to reap the benefits of this card right from the start.
Requirements to Apply for the Bank of America Premium Rewards Credit Card
- Minimum Age: Applicants must be at least 18 years old to qualify for the Bank of America Premium Rewards Credit Card. If you’re younger, you’ll need a co-signer.
- Credit Score: A good to excellent credit score is typically required. This generally means a FICO score of 670 or higher. Maintaining a responsible credit history can increase the chances of approval.
- Identification and Residency: You must be a legal resident of the United States with a valid Social Security number or Individual Taxpayer Identification Number. A government-issued ID like a driver’s license or passport is also required as proof of identification.
- Income Proof: Demonstrating a stable income is crucial. Applicants should provide documents such as recent pay stubs, tax returns, or bank statements to verify their ability to repay credit card debt.
- Existing Bank Relationship: While not mandatory, having an existing account with Bank of America can be beneficial as it might boost your application’s credibility.
SIGN UP TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
Applying for the Bank of America Premium Rewards Credit Card
Step 1: Visit the Bank of America Website or a Local Branch
To begin your application for the Bank of America Premium Rewards Credit Card, start by visiting the Bank of America official website. Navigate to their credit cards section and locate the ‘Premium Rewards Credit Card’. Alternatively, you can visit a local Bank of America branch to receive in-person assistance from a banking representative.
Step 2: Review the Card Details
Before applying, it’s important to understand the benefits and terms of the Premium Rewards Credit Card. Take some time to review features such as the rewards program, annual fees, interest rates, and any other terms attached to the card. This will help you make an informed decision and ensure that the card meets your needs.
Step 3: Prepare Required Information
For a smooth application process, ensure you have all necessary documentation ready. You will typically need to provide personal information such as your social security number, employment details, income information, and your residential address. Having these at hand will help speed up the application process.
Step 4: Complete and Submit Your Application
Once you have prepared the required information, proceed to fill out the application form on the website or at the branch. Double-check all entered information for accuracy before submitting. This step involves providing consent for credit checks and agreeing to the card’s terms and conditions.
Step 5: Await Approval and Receive Your Card
After submitting your application, the bank will review the information to determine your eligibility for the card. You will typically receive a response within a few days. If approved, you’ll receive your new Bank of America Premium Rewards Credit Card in the mail, along with instructions on how to activate it and start using your rewards.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
Frequently Asked Questions about the Bank of America Premium Rewards Credit Card
What are the key benefits of the Bank of America Premium Rewards Credit Card?
The Bank of America Premium Rewards Credit Card offers several attractive benefits. One of the key perks is the rewards program, where cardholders earn 2 points for every $1 spent on travel and dining purchases and 1.5 points per $1 on all other purchases. Additionally, the card provides up to $100 in statement credits per calendar year for airline incidentals such as baggage fees and in-flight purchases.
Is there an annual fee for this credit card?
Yes, the Bank of America Premium Rewards Credit Card does have an annual fee of $95. This fee is charged each year on the anniversary of your account opening. Consider evaluating whether the rewards and benefits align with your spending habits to determine if this fee is worth it for you.
How does the travel and dining rewards system work?
With this credit card, you earn 2 points per $1 spent on travel and dining purchases. This includes a wide range of expenses such as flights, hotel stays, and restaurant bills, both domestically and internationally. These points can then be redeemed for various options, including travel credits, gift cards, and cash back, providing flexibility in how you use your rewards.
What is the current welcome offer for new cardholders?
As of the latest information available, new cardholders can earn a bonus of 50,000 online points if they make at least $3,000 in purchases within the first 90 days of account opening. This bonus can be redeemed for a $500 statement credit, adding significant value to this credit card, especially in the first year.
Does the Bank of America Premium Rewards Credit Card offer any travel-related perks?
Yes, this credit card offers several travel-related perks, including the aforementioned $100 annual airline incidental credit. Moreover, cardholders have access to no foreign transaction fees when making purchases abroad, making this card a great choice for frequent travelers who wish to avoid extra costs while enjoying their trips. Additionally, trip delay and cancellation coverages add an extra layer of security and peace of mind when planning travel.
