Bank of America

Bank of America Premium Rewards Card

Consumer

Annual fee	$95 Fact
Foreign transaction fee	None
Rewards currency	points
Est. point value	1.00¢ Estimate

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Last updated Oct 17, 2026

Checked Oct 27, 2026

Before you apply

7/12. Bank of America generally declines applicants who have opened 7 or more cards from any issuer in the past 12 months. Without a Bank of America deposit relationship the commonly reported bar is 3 cards in 12 months. Community-reported.

2/3/4 rule (2 in 2 months). Bank of America generally approves at most 2 of its cards per rolling 2 months. Community-reported.

2/3/4 rule (3 in 12 months). Bank of America generally approves at most 3 of its cards per rolling 12 months. Community-reported.

2/3/4 rule (4 in 24 months). Bank of America generally approves at most 4 of its cards per rolling 24 months. Community-reported.

General Bank of America policies as commonly reported by applicants, not a prediction about your application.

Sign-up bonus history

5-year best: 60,000 points

$3k spend $4k spend 5-year best

View as a table

Period	Bonus	Spend requirement
Oct 2021 to Sep 2023 · 23 mo	50,000 points	$3,000
Sep 2023 to now · 3.1 yr	60,000 points Best	$4,000

Based on the public offers we have on record over time. Short-lived offers may not appear, and elevated or targeted offers are not shown.

How you earn

Category	Rate	Currency	Cap
Restaurants Best card for dining	2x	points	No cap
Travel Best card for travel	2x	points	No cap
Everything else	1.5x	points	No cap

Recurring credits

Estimated value

Up to $100 in Airline Incidental Statement Credits annually for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees, automatically applied to your card statement Shared across the account	$100/yr (Calendar Year)
Up to $100 in Airport Security Statement Credits for TSA PreCheck or Global Entry application fees, every four years Shared across the account Cards that cover Global Entry/TSA PreCheck	$25/yr (one-time/annual)

Credit value depends on whether you use each credit; treat these as potential value.

Benefits & protections

Card facts

Elite Status & Upgrades 1

Enjoy a premium set of benefits when you use your Premium Rewards card to book through the Visa Signature Luxury Hotel Collection.

Travel Benefits 1

The Visa Signature concierge service gives you access to concierges who can help with travel planning, restaurant recommendations and event reservations.

Lifestyle & Entertainment 1

An optional service to help prevent declined purchases, returned checks or other overdrafts when you link your eligible Bank of America checking account to your credit card. No transfer fees.

Protection & Insurance 5

We block potential fraud if abnormal patterns are detected and let you know if we suspect fraudulent activity. Plus, you always get a $0 Liability Guarantee for fraudulent transactions.

Purchase protections like Warranty Manager Service, Return Protection and Purchase Security that can help with repair, replacement or reimbursement on purchases, or extend the manufacturers' warranty

Travel Insurance protections to assist with trip delays, cancellations and interruptions, baggage delays, lost luggage and emergency evacuation and transportation.

Covers authorized users when they pay with their card

24/7 Roadside Dispatch Program, plus added protection with Auto Rental Collision Damage Waiver.

Covers authorized users when they pay with their card

Feel safer on the road with our 24/7 Roadside Dispatch Program.

Authorized users on the BofA Premium Rewards

Card facts

Authorized users are free.

Each authorized user gets

Auto rental collision damage waiver
Travel insurance protections

Shared across the account

Airline incidental statement credit
Airport security statement credit

How to redeem

points don't transfer to airline or hotel partners. Redeem them by booking travel through the issuer's travel portal or converting to cash / statement credit at the estimated value shown above.