How to Apply for Bank of America Premium Rewards Credit Card Online
Why Choose the Bank of America Premium Rewards Credit Card?
Navigating the world of credit cards can be daunting, but if you’re looking for a card that combines flexibility with premium benefits, exploring the Bank of America Premium Rewards Credit Card could be your next smart move. While it’s easy to feel overwhelmed by various options, this card stands out for those who seek travel rewards, cashback, and a host of exclusive perks. It’s designed to cater to both everyday needs and the more adventurous lifestyles of jet-setters. The convenience of applying online allows you to comfortably complete the process from your home, making the experience stress-free.
Reward and Benefits Explained
With this card, you can earn an impressive 2 points for every dollar spent on travel and dining and 1.5 points per dollar on all other purchases. This means if you dine out frequently or love traveling, these expenses quickly accumulate into substantial rewards. For example, a $500 monthly dining expenditure could earn you 1,000 points over time—points that can be redeemed for travel, cash back, or other rewards.
Along with these rewards, cardholders benefit from several travel and purchase protections. Imagine booking a non-refundable flight that you end up having to cancel due to a covered reason; your card’s travel protection could help recover those costs. Furthermore, if you purchase an item that becomes damaged or stolen shortly after buying, purchase protections might help replace it.
Simplifying the Online Application Process
Interested in joining the ranks of savvy spenders who leverage such a versatile card? Let’s guide you through the effortless online application process. It’s straightforward: simply visit the Bank of America website, fill in the necessary information, and adhere to the on-screen instructions. Keep your personal and financial information handy to streamline this process. By adopting a structured approach, applying for a card from the comfort of your own space becomes an educational and empowering experience.
Choose wisely, and you might find a credit card that makes every dollar and every purchase work for you.
Benefits of the Bank of America Premium Rewards Credit Card
1. Earn Unlimited Rewards
With the Bank of America Premium Rewards Credit Card, you can earn unlimited reward points on every purchase. Users earn 2 points for every dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. These rewards never expire, meaning you can save them up for bigger redemptions. For example, if you tend to travel frequently, use this card for airfare, hotels, and meals to maximize your points. Accumulating points on everyday spending helps you earn rewards faster and makes your travel experiences even more rewarding.
2. Valuable Sign-Up Bonus
New members can benefit from a generous sign-up bonus. You’ll receive 50,000 online bonus points after making at least $3,000 in purchases within the first 90 days of account opening. This bonus is equivalent to a $500 value that can be used toward travel, gift cards, or even cash back. For those planning big purchases or a trip, strategically timing your spend can help you meet the requirements easily and gain the bonus.
3. Travel Perks and Credits
Enjoy exclusive travel benefits such as up to $100 in Airline Incidental Statement Credits annually. This can be used for seat upgrades, baggage fees, in-flight services, and much more. Additionally, benefit from no foreign transaction fees, making this card perfect for international travelers. Plan your travels around these credits to make travel more affordable and stress-free.
4. Flexible Reward Redemption
Your earnings can be redeemed in a variety of ways, making it a flexible option for reward enthusiasts. Redeem for cash back, cover travel purchases, or convert to gift cards. For maximum value, consider redeeming points for travel purchases where they often provide better returns compared to cash back.
5. Travel and Emergency Assistance
If you are on a trip and find yourself needing help, the Bank of America Premium Rewards Credit Card offers access to emergency assistance services. These include legal and medical referrals, which can be a lifeline if you encounter unexpected issues abroad. It’s always good to have peace of mind knowing that there’s help available when you need it most.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
The Bank of America Premium Rewards Credit Card offers a variety of perks that cater to individuals who value rewards and benefits tied to their spending habits. This credit card stands out because of its emphasis on travel rewards, making it an excellent choice for both frequent and occasional travelers.One of the primary advantages of the Bank of America Premium Rewards Credit Card is the generous reward structure. Cardholders earn 2 points for every dollar spent on travel and dining, and 1.5 points for all other purchases. This means that every purchase contributes significantly to future travel, allowing users to accumulate points quickly for flights, hotel stays, and more.Additionally, the card comes with a substantial welcome bonus. New users receive a significant amount of bonus points after meeting a minimum spending threshold within the first 90 days. These bonus points can greatly enhance a cardholder’s opportunity to redeem rewards earlier than expected, providing an immediate benefit upon joining.Other notable features include no foreign transaction fees, making it an ideal companion for international travelers. Cardholders can also enjoy access to special offers, such as travel upgrades and exclusive discounts on trips, which can add extra value to the overall travel experience.Furthermore, the Premium Rewards Credit Card provides a comprehensive travel insurance package, covering trip cancellation, lost luggage, and emergency assistance. This added layer of protection gives users peace of mind while traveling, knowing they are covered in unforeseen circumstances.In summary, the Bank of America Premium Rewards Credit Card not only offers an attractive rewards program but also provides key benefits designed to enhance the travel experience, making it a well-rounded option for those seeking both flexibility and value in their credit card choices.
Requirements to Apply for the Bank of America Premium Rewards Credit Card
- Minimum Credit Score: To be considered for the Bank of America Premium Rewards Credit Card, you typically need a good to excellent credit score. This usually means a score of 700 or higher. A higher credit score indicates responsible financial behavior and increases the likelihood of approval.
- Proof of Income: Applicants should be able to demonstrate a steady source of income. This helps ensure you can manage the credit card payments. For instance, you might need to provide recent pay stubs or your latest tax returns as proof.
- Age Requirement: You must be at least 18 years old to apply for this credit card. This is a standard legal requirement across the United States for entering into credit agreements.
- U.S. Resident: This credit card is available to U.S. residents. Ensure you have a valid address and necessary identification to verify your residency status during the application process.
- Bank of America Relationship: While not mandatory, having an existing relationship with Bank of America could benefit the application process. Being a current customer might offer some additional perks or consideration when applying for the card.
SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD
Steps to Apply for the Bank of America Premium Rewards Credit Card
Step 1: Visit the Bank of America Website
To start your application process for the Bank of America Premium Rewards Credit Card, you’ll need to access the Bank of America website. This is the fastest and most convenient method. Ensure that you have a stable internet connection, and then open your web browser. Go to the official Bank of America webpage, and navigate to the credit card section, where you will find the option for the Premium Rewards Credit Card.
GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE
Step 2: Review Eligibility Requirements and Gather Necessary Information
Before proceeding, make sure you meet the eligibility requirements. Typical considerations include being at least 18 years old, having a valid Social Security Number, and a stable financial background. Gather any needed information, such as proof of income and personal identification details. This preparation will streamline your application process.
Step 3: Complete the Online Application Form
Once on the credit card’s dedicated page, locate the application form. Fill in your personal details, including your name, address, employment information, and financial details. Be accurate and truthful to improve your chances of approval. Check and double-check each entry to avoid mistakes.
Step 4: Submit Your Application
After reviewing your information for accuracy, submit the application form. Bank of America will then process it, typically within a few minutes. You might receive immediate feedback on your application, or you may need to wait for further correspondence via email or mail.
Step 5: Receive Your Decision
After submitting your application, await the bank’s decision. Sometimes, further documentation might be requested, so keep an eye out for communications from Bank of America. Upon approval, the credit card will be mailed to your registered address, and you’ll be provided instructions on how to activate it.
GET YOUR BANK OF AMERICA PREMIUM REWARDS CREDIT CARD THROUGH THE WEBSITE
Frequently Asked Questions about the Bank of America Premium Rewards Credit Card
What are the key benefits of the Bank of America Premium Rewards Credit Card?
The Bank of America Premium Rewards Credit Card offers several enticing benefits. Cardholders earn 2 points for every $1 spent on travel and dining purchases, and 1.5 points for every $1 spent on all other purchases. Additionally, there is a $200 travel statement credit each calendar year for travel-related expenses. This card is ideal for frequent travelers looking to maximize their points.
Does the Bank of America Premium Rewards Credit Card have an annual fee?
Yes, this credit card comes with an annual fee of $95. However, the benefits and rewards offered often outweigh the fee for many users, especially those who capitalize on travel and dining rewards.
What is required to qualify for the Bank of America Premium Rewards Credit Card?
To qualify for the Bank of America Premium Rewards Credit Card, you typically need a good to excellent credit score. This generally means a FICO score of 700 or higher. Additionally, having a positive credit history and a stable income can improve your chances of approval.
How can I use the travel statement credit included with this card?
The $200 travel statement credit can be applied directly to travel-related purchases such as airline tickets, hotel stays, and baggage fees. Simply use your card for these expenses, and the statement credit will be applied, helping to offset your travel costs each year.
Is there a foreign transaction fee with the Bank of America Premium Rewards Credit Card?
No, one of the perks of this card is that it does not have any foreign transaction fees. This makes it a great choice for international travelers who want to avoid extra charges when making purchases abroad.
