Bank of America Premium Rewards Credit Card
A mid-tier travel card with 2x on travel and dining, 1.5x on everything else, annual travel credits and outsized value for Bank of America Preferred Rewards members.
Why it ranks
- Annual credits can exceed the fee
- No foreign transaction fee
- Big boost for Preferred Rewards members
What holds it back
- Has an annual fee
- No transfer partners
- No lounge access
Advertiser disclosure: we may be paid if you apply through our links. Ratings are editorial. Confirm today's terms on the issuer's site — offers change.
A mid-tier travel card with 2x on travel and dining, 1.5x on everything else, annual travel credits and outsized value for Bank of America Preferred Rewards members.
Bank of America Premium Rewards Credit Card at a glance
| Issuer | Bank of America |
| Card network | Visa |
| Annual fee | $95 |
| Welcome bonus | 50,000+ bonus points after meeting the minimum spend |
| Rewards rate | 2 points per $1 on travel and dining, 1.5 points per $1 on all other purchases (boosted up to 75% with Preferred Rewards) |
| Intro APR | None |
| Regular APR | 19.24%–29.24% variable |
| Foreign transaction fee | None |
| Credit needed | Good to Excellent (700+) |
| Best for | Bank of America customers who travel and dine out |
| Airport lounge access | No |
Rewards & benefits
- $100 annual airline incidental credit
- Up to $100 Global Entry/TSA PreCheck credit
- Preferred Rewards members earn substantially more
Eligibility & who it suits
- Good-to-excellent credit score
- Sufficient income to support the line
- Preferred Rewards multiplier requires qualifying balances
How to apply
Check current rates on Bank of America’s official site →
This opens the issuer’s official application page in a new tab. We may earn a commission if you are approved — it never changes the terms you receive.
Rates, fees, welcome offers and benefits are provided for general information, can change at any time, and may not reflect current terms. Always confirm the latest details on the issuer’s official site before applying. This is not financial advice.
How it ranks against similar USA cards
| Rank | Card | Annual fee | Rewards | Welcome offer | Foreign fee | Who qualifies | Score |
|---|---|---|---|---|---|---|---|
| 1 | ABank of AmericaPremium Rewards$95/yr · US Bank of America Premium Rewards Credit CardBank of America customers who travel and dine out |
$95/yr | 2 points per $1 on travel and dining, 1.5 points per $1 on all other purchases (… | 50,000+ bonus points after meeting the minimum spend | None | Good to Excellent (700+) | |
| 2 | CChaseSapphire Preferred$95/yr · US Chase Sapphire Preferred CardTravelers who want flexible points without a huge annual fee |
$95/yr | 5x travel (Chase Travel), 3x dining & streaming, 2x other travel, 1x everything… | 60,000+ bonus points after meeting the minimum spend | None | Good to Excellent (700+) | |
| 3 | CChaseSapphire Reserve$550/yr · US Chase Sapphire ReserveFrequent travelers who value lounge access and premium protections |
$550/yr | 10x hotels & cars via Chase Travel, 5x flights, 3x dining, 1x other | Large points bonus after the minimum spend | None | Excellent (740+) | |
| 4 | COCapital OneVenture Rewards$95/yr · US Capital One Venture RewardsTravelers who want flat-rate miles with no category tracking |
$95/yr | 5x hotels & cars via portal, 2x miles on all other purchases | Miles welcome offer after minimum spend | None | Good to Excellent (700+) |
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