Bank of America® Premium Rewards® credit card
Basic Information
Program ID: bank-of-america-premium-rewards-credit-card
Issuer: Bank of America
Card Type: Credit
Network: Visa
Card Tier: Premium
Data Complete: Yes
Created: 01/07/2026 07:57
Last Scraped: 01/15/2026 05:54
Fee Structure
| Annual Fee: | $95.00 |
| Year 1 Waived: | No |
| Effective Annual Fee: | $-5.00 |
| Authorized User Fee: | $0.00 |
| Penalty APR: | 0.00% |
Additional Fees
| Late Fee: | $40.00 |
| Returned Payment: | $40.00 |
| Balance Transfer: | Either $10 or 3% of the amount of each transfer, whichever is greater. |
| Cash Advance: | Either $10 or 5% of the amount of each cash advance, whichever is greater. |
| Foreign Transaction: | 0.00% |
Interest Rates
Purchase APR Range: 2,124.00% - 2,924.00%
Intro Purchase APR: 0.00%
Intro APR Duration: 18 months
Balance Transfer APR: 2,124.00%
Intro BT APR: 0.00%
Intro BT Duration: 18 months
Cash Advance APR: 2,999.00%
Sign-Up Bonus
Bonus Amount: $50,000.00
Spending Requirement: $3,000.00
Time Period: 90 days
Bonus Timing: Typically, bonus points are credited to your account within 8-12 weeks after you have met the spending requirement.
Rewards Program
Reward Type: Points
Base Reward Rate: 1.50%
Bonus Reward Rate: 2.00%
Bonus Categories: 2x Travel, 2x Dining
Point Value Estimate: 0.0100 cents/point
Expiration Policy: Points do not expire as long as your account is open and in good standing.
Transfer Partners: None
Card Benefits
Protection Benefits
- Extended Warranty
- Purchase Protection
- Cell Phone Protection
- Price Protection
Travel Benefits
- Travel Insurance
- Primary Rental Protection
- Trip Delay Coverage
- Lost Luggage Coverage
- No Foreign Transaction Fees
Premium Benefits
- Airport Lounge Access
- Concierge Service
- Global Entry Credit: $100.00
- TSA PreCheck Credit: $100.00
Approval Criteria
Recommended FICO Range: 700 - 850
Approval Odds Category: Excellent
Pre-qualification Available
Soft Pull Supported
Hard Pull Bureau: Experian, TransUnion, Equifax
Issuer Rules
Rules: For 2026, the Bank of America Premium Rewards credit card is expected to maintain its core application and bonus eligibility rules. Applicants are typically eligible for the new cardmember bonus if they have not had the card and/or received a bonus for it within the last 24 months. A specific minimum spend (e.g., $3,000) within a set timeframe (e.g., 3 months) is required to earn the bonus. Bank of America is known for its '2/3/4 Rule' for new credit card applications, which is anticipated to continue in 2026: no more than 2 new BoA cards in 2 months, 3 new BoA cards in 12 months, and 4 new BoA cards in 24 months. General eligibility requires excellent credit, being 18 years or older, and a valid SSN or ITIN, with approval subject to creditworthiness and internal bank policies.
Maximum Cards Per Issuer: 4
Minimum Spend Interval: 3 months
Shutdown Risk Triggers: Manufactured spending (MS), rapid succession of applications (even within the 2/3/4 rule if deemed suspicious), high cumulative credit limit across all Bank of America accounts, frequent balance transfers without organic spend, abuse of return policies for bonus spend, or any activity flagged as potential fraud.
International Friendly
User Analytics & Insights
User Ratings
Average Rating: 4.0 / 5.0
Top Positive Feedback:
Excellent for Bank of America Preferred Rewards members with significant bonus earnings. Offers a solid 1.5x base rewards on all purchases and 2x on travel/dining. The annual airline incidental and Global Entry/TSA PreCheck credits effectively offset the annual fee, providing good value. Flexible redemption options for travel, cash back, or statement credits.
Top Negative Feedback:
Rewards are not as competitive as some other premium cards for non-Preferred Rewards members. The airline incidental credit can be restrictive and specific to certain charges. Lacks transfer partners, which limits the potential for maximizing reward value. The annual fee is not waived.
Approval Experience Score: 80.0 / 100
Recommended Alternatives
- Chase Sapphire Preferred® Card
- Capital One Venture X Rewards Credit Card
- American Express® Gold Card
Card Value Score: 75.0 / 100
Est. Annual Rewards: $517.50
User Portfolio Metrics
Avg Portfolio Size: 4 cards
Avg Portfolio Age: 100 months
Store vs Co-brand: 100% General / 0% Store
Risk Assessment
Default Risk Group: Low
Predicted Approval Probability: 85.0%
Terms Version Control
Version ID: v1.0
Last Updated: 05/15/2024 00:00