Credit card

Bank of America® Premium Rewards® Credit Card

Points

VISA

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Card review

Bank of America® Premium Rewards® Credit Card

4.5 9.0/10 DebitCue Score Verified Jun 20, 2026

Premium travel rewards with $200 in annual credits

Fee: $95 USD/yr
Purchase APR: 19.49% - 27.49%
Interest-free: -
Foreign fee: None

Rewards

2 points per $1 on travel and dining; 1.5 points per $1 on all other purchases. Preferred Rewards members earn up to 3.5 points on travel/dining and 2.62 points on other purchases at the top tier. Points worth 1¢ each.

Welcome offer

60,000 bonus points (worth $600) after $4,000 in purchases in the first 90 days

Our verdict

What stands out, and where it falls short.

What we like

2 points per $1 on travel and dining; 1.5…
Welcome bonus
No foreign transaction fees
Travel insurance included
Pay in installments

Worth weighing

$95 USD/yr card fee

Who It Is For

Whether the Bank of America® Premium Rewards® Credit Card fits how you actually spend.

Pick it if you are

Frequent travelers
People who want rewards on their spending
People who pay big purchases off over time

Skip it if you are

Light spenders who won't beat the $95 USD/yr fee

Rates and fees

As of June 20, 2026

All amounts shown in USD.

Card fee: $95 USD/yr
Purchase APR: 19.49% - 27.49%
Interest-free period: -
Foreign transaction fee: None
Regular APR: 19.49%–27.49% variable (no intro APR)
Annual Fee: $95

Rewards and features

Rewards: 2 points per $1 on travel and dining; 1.5 points per $1 on all other purchases. Preferred Rewards members earn up to 3.5 points on travel/dining and 2.62 points on other purchases at the top tier. Points worth 1¢ each.
Welcome offer: 60,000 bonus points (worth $600) after $4,000 in purchases in the first 90 days
Installments: Custom Pay Plan available for eligible purchases $100+
Pay with: Apple Pay, Google Pay, Contactless
Visa Tier: Visa Signature
Preferred Rewards Boost: 10%–75% bonus points; Platinum Honors (Diamond) tier earns 3.5x on travel/dining, 2.62x on all other purchases

Benefits and perks

Extras that come bundled with the card.

Global Entry / TSA PreCheck Credit

Up to $100 application fee credit once every four years
Airline Incidental Credit

Up to $100 per year in statement credits for airline incidental fees (checked bags, seat upgrades, in-flight purchases)
Travel Insurance

Trip delay, trip cancellation/interruption, lost luggage, and baggage delay coverage
Rental Car Insurance

Secondary collision/theft damage coverage on rental cars
Purchase Protection & Extended Warranty

90-day theft/damage coverage; extended warranty adds up to one additional year on manufacturer warranties
Visa Signature Concierge

24/7 concierge for dining reservations, travel arrangements, event tickets, and gift services
No Foreign Transaction Fee

0% foreign transaction fee on international purchases

Eligibility

What you need before you apply.

Credit Score: Good to Excellent (670–850 FICO recommended)

Bank of America® Premium Rewards® Credit Card: your questions answered

How much does the Bank of America® Premium Rewards® Credit Card cost?

The Bank of America® Premium Rewards® Credit Card costs $95 USD/yr.

What rewards does the Bank of America® Premium Rewards® Credit Card earn?

The Bank of America® Premium Rewards® Credit Card earns 2 points per $1 on travel and dining; 1.5 points per $1 on all other purchases. Preferred Rewards members earn up to 3.5 points on travel/dining and 2.62 points on other purchases at the top tier. Points worth 1¢ each..

Does the Bank of America® Premium Rewards® Credit Card charge foreign transaction fees?

No - the Bank of America® Premium Rewards® Credit Card has no foreign transaction fees, so it suits spending abroad.

What is the interest rate on the Bank of America® Premium Rewards® Credit Card?

The Bank of America® Premium Rewards® Credit Card has a purchase APR of 19.49% - 27.49%.

Does the Bank of America® Premium Rewards® Credit Card have a welcome offer?

Yes - 60,000 bonus points (worth $600) after $4,000 in purchases in the first 90 days.

Can I pay in installments with the Bank of America® Premium Rewards® Credit Card?

Yes - Custom Pay Plan available for eligible purchases $100+.

Is the Bank of America® Premium Rewards® Credit Card a credit, debit or prepaid card?

The Bank of America® Premium Rewards® Credit Card is a credit card issued by Bank of America on the Visa network.

Does the Bank of America® Premium Rewards® Credit Card support Apple Pay and Google Pay?

Yes - the Bank of America® Premium Rewards® Credit Card works with both Apple Pay and Google Pay.

Where can I get the Bank of America® Premium Rewards® Credit Card?

The Bank of America® Premium Rewards® Credit Card is currently offered in United States.

How does DebitCue rate the Bank of America® Premium Rewards® Credit Card?

DebitCue rates the Bank of America® Premium Rewards® Credit Card 4.5 out of 5 (9.0/10), scored on the same factors as every card - fees, rewards, perks and ease of use.