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Table of contents
Table of contents
Although the Bank of America® Premium Rewards® credit card isn’t as popular as other travel credit cards at this level, there are plenty of reasons to consider it. Not only does it offer 2X points on travel and dining purchases, but cardholders also earn a flat rate of 1.5X points on all other purchases. New cardholders can also earn a generous welcome offer — 60,000 bonus points after spending $4,000 in the first 90 days — and an array of Bank of America Premium Rewards card benefits, which can make the offer an even better deal.
Here are the perks you’ll get with the Bank of America Premium Rewards card:
The Bank of America Premium Rewards credit card doesn’t let you transfer your points to airline and hotel partners like some other travel credit cards do, but it does let you redeem your rewards for cash back in the form of a statement credit, a deposit into an eligible Bank of America or Merrill account, gift cards or travel through the Bank of America Travel Center.
You also get a handful of helpful travel perks just for being a cardholder, including:
The Bank of America Premium Rewards credit card also comes with a number of travel insurance benefits and protections, including the following:
The Bank of America Premium Rewards credit card offers quite a few purchase protections that will automatically apply to eligible purchases you charge to your card.
Maximizing this card’s benefits is pretty straightforward given its rewards structure. To get the most out of this card, you should:
Keep in mind: When it comes to using the Bank of America Premium Rewards card benefits shared in this guide, remember that you’ll need to pay with your credit card to qualify. If you pay with another credit card, you won’t be eligible for purchase protections or travel insurance benefits on those transactions.
The Bank of America Premium Rewards credit card may not be as well known as some other popular Bank of America credit cards, but there’s much more to it than meets the eye. In addition to its generous earning rate and welcome offer, cardholders will get quite a few perks along the way, like travel protections.
Even so, it never hurts to compare this card to the benefits offered by other top travel credit cards. With some basic research, you can find a travel credit card that checks off the boxes you care about the most.
Information about the Bank of America® Premium Rewards® credit card was last updated on May 13, 2025.
The advice in this article is offered by the team independent of any bank or credit card issuer. This article may contain from our partners, and terms may apply to offers linked or accessed through this page. as of posting date, but offers mentioned may have expired.
Table of contents
Why I love the Bank of America Premium Rewards credit card
Is the Bank of America Premium Rewards card the travel card you should get?
Bank of America Premium Rewards credit card review
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