Bank of America Premium: Ultimate Rewards Card

The Bank of America Premium Rewards Credit Card blends everyday convenience with luxury-level perks. 

CREDIT CARD

Bank of America Premium Rewards Credit Card

up tp 2x points 60,000 bonus points

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The Bank of America Premium Rewards Credit Card blends everyday convenience with luxury-level perks, making it a standout choice for savvy spenders and frequent travelers alike. Whether you travel frequently or simply want more from your everyday spending, this card offers a straightforward and rewarding experience — especially when paired with BoA’s Preferred Rewards program.

From airport lounges to your favorite restaurant, every purchase moves you closer to your financial goals. Let’s explore why the Premium Rewards Card remains a standout choice for savvy spenders and travelers alike.

🚀 Why the Premium Rewards Card Stands Out

• 2 points per $1 on travel and dining
• 1.5 points per $1 on all other purchases
• $100 Airline Incidental Statement Credit per year
• $100 TSA PreCheck or Global Entry Credit every four years
• No foreign transaction fees
• Points never expire as long as the account is open

🔍 How It Works

You earn unlimited points on eligible purchases:

• Travel and dining spend earns 2x points
• Other categories earn a strong 1.5x points

Points are worth 1 cent each when redeemed for travel, cash back, or deposits into Bank of America accounts. There’s no complicated menu of redemptions — you always know the real value of your rewards.

Preferred Rewards members can boost earnings by 25% to 75%, making this card extremely powerful for those who maintain higher balances across BoA or Merrill accounts.

📊 Quick Comparison Table

💬 Who Should Get It?

The Premium Rewards Card is ideal for:

• Travelers who value simple, consistent rewards: If you prefer straightforward earning over complicated bonus categories, this card delivers steady rewards you can count on, no matter where your adventures take you.
• Bank of America Preferred Rewards members seeking point boosts: If you’re already a Preferred Rewards member, you can unlock even bigger earning power, making this card an even smarter addition to your wallet.
• High spenders on dining and travel: Frequent diners and travelers will appreciate the elevated earning rates, allowing them to rack up rewards faster without changing their spending habits.
• Anyone who wants real cash back options without hidden redemption restrictions: If you’re tired of confusing redemption hoops, this card offers genuine cash back flexibility — no complicated portals, no blackout dates, just real rewards you can use however you want.

💡 Cost-Effectiveness Analysis

With a $95 annual fee, the Premium Rewards Card quickly pays for itself:

• Just $5,000/year in travel and dining recovers the annual fee through points
• Add the $100 airline incidental credit, and it’s already a net positive
• TSA PreCheck/Global Entry adds long-term travel value

Maximize it by combining it with BoA checking/savings balances to climb the Preferred Rewards tiers.

👉 Ready to dive deeper? Learn how to maximize your travel credits, redeem points smartly, and optimize spending in the next page!