Bank of America
Bank of America Premium Rewards Credit Card
Estimated value every year on typical spending
$474/ year
Every year, after the annual fee. Year one adds a $600 welcome bonus: $1,074
Based on a typical ~$2,600/month of spending. Points valued conservatively; confirm terms with the issuer.
Credits & perks, at estimated real use: Airline Incidental Statement Credits $100 → $50 · Airport Security Statement Credits $25 → $9
Carry a balance? At 20%+ APR, interest usually costs more than any card earns.
Is it worth it?
On typical spending the Bank of America Premium Rewards Credit Card returns about $569 a year in rewards and usable credits, which covers its $95 fee with $474 to spare. The welcome bonus adds roughly $600 in the first year.
The fine print
- Intro APR
- Not applicable
- Regular APR
- 19.74% to 27.74% variable
- Foreign fee
- None
- Top perk
- $200 in travel statement credits
- Approval
- Excellent credit recommended
- Redeem for
- Travel portal · Airline & hotel transfers · Statement credit · Gift cards
Rewards
- 2 points per $1 on travel and dining purchases
- 1.5 points per $1 on all other purchases
Sign-up bonus
60,000 online bonus points offer — a $600 value after you make at least $4,000 in purchases in the first 90 days of account opening
Best for
- Travelers who redeem points
Not ideal for
- People who want plain cash back
- Thin or new credit files
Trade-offs: Higher annual fee ↔ richer rewards & perks; Better travel value ↔ less straightforward than cash back; Top-tier earning ↔ harder to qualify for; Large welcome bonus ↔ higher spend requirement.
Worth knowing
- Annual fee
- $95
- Intro APR
- Not applicable
- Regular APR
- 19.74% to 27.74% variable
- Balance transfer fee
- 5% of each transaction
- $400/mo on dining earns about $96/year (2x).
- $1200/mo on everyday spending earns about $216/year (1.5x).
- The $95 fee pays for itself at about $790/mo on dining.
- You come out ahead of a no-fee 1% card after about $9500/year of dining spending.
Offer history
No changes to the fee, welcome offer or intro APR since we started checking this card daily on Oct 26, 2026.
Bank of America Premium Rewards Credit Card: questions people ask
Is the Bank of America Premium Rewards Credit Card worth it?
On typical spending the Bank of America Premium Rewards Credit Card returns about $569 a year in rewards and usable credits, which covers its $95 fee with $474 to spare. The welcome bonus adds roughly $600 in the first year.
What is the Bank of America Premium Rewards Credit Card annual fee?
The Bank of America Premium Rewards Credit Card has a $95 annual fee. On typical spending its rewards and usable credits come to about $569 a year, so it nets about $474 after the fee.
What is the Bank of America Premium Rewards Credit Card welcome bonus?
60,000 online bonus points offer — a $600 value after you make at least $4,000 in purchases in the first 90 days of account opening. We value it at about $600. We check the issuer's page daily; it hasn't changed since we started tracking on Oct 26, 2026.
What does the Bank of America Premium Rewards Credit Card earn?
2 points per $1 on travel and dining purchases. 1.5 points per $1 on all other purchases.
What credit score do you need for the Bank of America Premium Rewards Credit Card?
The issuer doesn't say; we'd class it as: excellent credit recommended. Checking your matches on CardFit never runs a credit check.
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 fee.
Compare Bank of America Premium Rewards Credit Card
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Card details are collected from issuer websites and were last refreshed October 29, 2026. Source: Bank of America product page. Terms change often; confirm them with the issuer before you apply.