Bank of America Premium Rewards Card

Card Details and Application Link
Bank of America Premium Rewards
60K points (worth up to $600) after $4K spend in 90 days
$95 Annual Fee

Click Here to Apply
This is NOT an affiliate offer. We always present the best offer even when it means less revenue for Frequent Miler
Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
FM Mini Review: This card has best-in-class earnings for those with $100K+ invested with BOA. With that level of investment, you would earn 3.5X travel & dining and 2.62X everywhere else.
Earning rate: ✦ 2X travel and dining ✦ 1.5X everywhere else
Base: 1.5%
Travel: 2%
Dine: 2%
Card Info: Visa Signature issued by BOA. This card has no foreign currency conversion fees.
Noteworthy perks: ✦ $100 annual airline incidentals fee reimbursement ✦ $100 Airport Security Statement Credit towards TSA Pre✓ ® or Global Entry Application fee, every four years ✦ Up to 75% bonus for Preferred Rewards banking customers

Application Tips

Bank of America Application Tips


  • 3/12 or 7/12 Rule: You won't be approved if you have opened 3 or more accounts, with any bank, in the past 12 months. For those with Bank of America deposit accounts, the rule changes to 7+ accounts.
  • 2/3/4 Rule: Max 2 consumer cards per rolling 2 months, 3 per rolling 12 months, and 4 per rolling 24 months.
  • 5 card limit: You will not get approved for a new consumer card if you already have 5 consumer BOA cards open
  • Get Same Card Again: With some BOA cards, must wait 24 months after either opening or cancelling, depending upon the card.
  • Hard inquiries are usually combined into 1 when initiated within 30 days but there have been reports of TransUnion not combining.

Click here to check your application status
If denied, call reconsideration here: (800) 732-9194 (8am-7pm ET Mon-Fri); 800-481-8277 (business cards);

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[…] Bank of America Premium Rewards (with Platinum Honors Preferred Rewards)Base2.625X(2.63%)Travel3.5X(3.5%)Dine3.5X(3.5%)Earning rate: With Platinum Honors status with Bank of America's Preferred Rewards program, earn: 3.5X travel and dining ⚬ 2.625X everywhere else […]

[…] Greg recently wrote about how having that level of rewards with Bank of America means that his Premium Rewards card earns 2.62% cash back everywhere — and about how that makes it a great “everywhere […]

[…] Bank of America Premium Rewards (with Platinum Honors Preferred Rewards)Base2.625X(2.63%)Travel3.5X(3.5%)Dine3.5X(3.5%)Earning rate: With Platinum Honors status with Bank of America's Preferred Rewards program, earn: 3.5X travel and dining ⚬ 2.625X everywhere else […]

[…] received reports this morning of an email going out to at least some Bank of America Premium Rewards cardholders good for a $50 statement credit for grocery store, dining, and takeout purchases […]

Mike

Other than the (rather meager) sign-up bonus, what are the costs and pros/cons to having spouse as an additional card member vs. having her own? Probably going to this card for everyday spend fairly soon, but seems like a pain to have to buy airline tickets separately to trigger the fee reimbursement. Not an issue for the platinum level for both of us, but like to keep things as simple as possible.

jeph36

Greg or Nick, IIRC you both carry this in your wallet :-). Do you have a suggestion on when I should apply for this Premium Rewards card relative to when I open and fund a Merrill account to enter the Preferred Rewards program? Just yesterday I opened a Merrill account and triggered a transfer of an IRA to start the process. So today my balance is $0 and within a week or two I should have a $100K+ balance in my account. If I read the info correctly, I need a 90-day average balance of $100K to qualify for Platinum. So if I want my SUB spend to be at the increased Platinum rate, I should probably wait a couple months before applying for this CC. Am I thinking about this correctly?

[…] months ago, I signed up for the Bank of America Premium Rewards card.  The reason?  It is the perfect “everywhere else” card… for me… in my […]

JoJo

I see it says that you can get one hardpull while opening 2 cards within 30 days. Can you open 2 premium rewards cards within those 30 days? Could I also open a biz card during that period?

[…] chains yields the 2.38% back number thrown out above — which isn’t quite as good as the Bank of America Premium Rewards card with Platinum Honors or the ongoing return on the Alliant Cashback Visa, but it’s […]

[…] Bank of America Premium Rewards: Up to $100 per year in airline incidental fees.  This includes preferred seating upgrades, ticket change/cancellation fees, checked baggage fees, in-flight entertainment, onboard food and beverage charges, and airport lounge fees affiliated with eligible airline carriers. […]

[…] If you have enough money invested with Bank of America and/or Merrill Edge, then the Bank of America Premium Rewards Card earns 3.5% cash back on travel & dining and 2.62% cash back everywhere else.  See this page for full details: Bank of America Premium Rewards Card. […]

[…] drops slightly below the rate we can earn instead with the BankAmericard Travel Rewards Card or the BankAmericard Premium Rewards Card.  And with those cards we are not limited to spending our rewards on […]

Rob Storch

Will a combination of Personal & Business accounts at BoA count towards the $50K Premium bonus?

Nick Reyes

No. Per the terms, only personal accounts on which you are an owner or co-owner count. The terms explicitly exclude business accounts.

[…] new Premium Rewards card offers a nice easy $500 signup bonus.  That alone makes the card worth getting the first year.  […]

[…] we reported earlier today, Bank of America launched a new card this morning: the Bank of America Premium Rewards card. Greg even wrote a Bank of America Premium Rewards Card Complete Guide. I’m sure he will […]