The Bank of America® Premium Rewards® Credit Card offers a lucrative 60,000 online bonus points offer, unlimited points earning potential, and various premium benefits. Learn more about its features and how to apply in this comprehensive guide.
Advantages of the card Bank of America® Premium Rewards® Credit Card
The card presents numerous advantages, including a generous 60,000 online bonus points offer valued at $600 after spending $4,000 in the first 90 days of account opening. Additionally, cardholders earn unlimited points: 2 points for every $1 spent on travel and dining purchases, and 1.5 points per $1 on all other purchases. The $95 annual fee is relatively low, and there are no foreign transaction fees, making it an excellent choice for travelers.
Disadvantages of the card Bank of America® Premium Rewards® Credit Card
While the card boasts many advantages, potential downsides include a variable APR ranging from 20.24% to 27.24% and a balance transfer fee of 4% of each transaction. These factors may impact cardholders who carry a balance or plan to transfer balances from other cards. However, the benefits of the card may outweigh these drawbacks for many users.
Extra features offered by Bank of America® Premium Rewards® Credit Card
In addition to its rewards program, the card offers premium benefits such as travel protections, purchase protections, automotive protections, access to the Visa Signature® Luxury Hotel Collection, and concierge service. These features enhance the overall value and convenience of the card for frequent travelers and shoppers.
Learn how to apply for your credit card Bank of America® Premium Rewards® Credit Card
Applying for the Bank of America® Premium Rewards® Credit Card is simple and can be done online or through the mobile app. Applicants can also visit a Bank of America financial center or call the bank to apply. To qualify, individuals must meet certain prerequisites, including a good credit score and income requirements.
Discover the main ways to apply for the card Bank of America® Premium Rewards® Credit Card
Prospective cardholders can apply for the Bank of America® Premium Rewards® Credit Card directly from the Bank of America website or mobile app. Alternatively, they can visit a Bank of America financial center in person or contact the bank by phone to initiate the application process. Each method offers convenience and accessibility to cater to different preferences.
Prerequisites for request
Before applying for the Bank of America® Premium Rewards® Credit Card, applicants should ensure they meet the prerequisites, including having a good credit score and meeting the income requirements set by the bank. Additionally, applicants should review the terms and conditions, including the annual fee, APR, and rewards structure, to determine if the card aligns with their financial goals and lifestyle.
From the site
Prospective cardholders can visit the Bank of America website and navigate to the credit cards section to find the Bank of America® Premium Rewards® Credit Card. From there, they can review the card’s features, benefits, and terms before clicking on the “Apply Now” button to initiate the application process.
From the site App
For added convenience, applicants can download the Bank of America mobile app from the App Store or Google Play Store and apply for the Bank of America® Premium Rewards® Credit Card directly from their mobile device. The app provides a seamless application experience and access to account management tools.
By agency
Those who prefer personalized assistance can visit a Bank of America financial center and speak with a representative to apply for the Bank of America® Premium Rewards® Credit Card. The representative can guide them through the application process and address any questions or concerns they may have.
The Bank of America® Premium Rewards® Credit Card offers a wealth of benefits, including a generous sign-up bonus, unlimited points earning potential, and premium features such as travel protections and concierge service. While there are some drawbacks, such as a variable APR and balance transfer fee, the overall value of the card makes it a compelling choice for individuals seeking versatile rewards and premium benefits.
