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Bank of America Premium Rewards Elite credit card review
Experience the benefits of a premium rewards credit card that offers easy and transparent earning and redeeming, along with luxurious perks like airport lounge access.
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Are you looking for a credit card that offers premium rewards and exclusive perks? Look no further than the Bank of America Premium Rewards Elite Credit Card.
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This elite credit card allows you to earn points on every purchase and redeem them for travel, cashback, or gift cards. But that’s not all – this credit card also comes with numerous benefits such as airport lounge access, trip cancellation coverage, and more.
In this blog post, we’ll dive into the different features of the Bank of America Premium Rewards Elite Credit Card and show you how to make the most out of it. Get ready to take your rewards game to the next level!
| Features | Description |
|---|---|
| $550 Annual fee | An annual fee of $550 for the credit card. |
| 50,000 online bonus points | Receive 50,000 online bonus points after making at least $3,000 in purchases in the first 90 days of opening an account. |
| 2 points per dollar on travel and dining purchases | Earn 2 points per dollar on travel and dining purchases. |
| 1.5 points per dollar on all other purchases | Earn 1.5 points per dollar on all other purchases. Preferred Rewards members receive 25% to 75% more points. |
| Up to $300 annual airline incidental fee credit | Get an annual airline incidental fee credit of up to $300. |
| 20% points boost for airfare points redemption | Receive a 20% points boost when redeeming points for airfare. |
| No foreign transaction fees | No additional fees for foreign transactions. |
| Visa Infinite benefits | Access to the Visa Infinite Luxury Hotel Collection and other Visa Infinite benefits. |
What are the benefits of the Bank of America Premium Rewards Elite Credit Card?
The Bank of America Premium Rewards Elite Credit Card offers a plethora of benefits for its cardholders. First and foremost, you can earn 2 points per dollar spent on travel and dining purchases and 1.5 points per dollar spent on all other purchases. These points can be redeemed for cashback, gift cards, or travel expenses.
In addition to earning rewards points, the Bank of America Premium Rewards Elite Credit Card also provides access to airport lounges through the Priority Pass Select program. This perk alone is worth hundreds of dollars in annual fees at participating airports worldwide.
Moreover, the credit card comes with an annual travel insurance coverage of $100,000 for accidental death, dismemberment, and loss of passport and travel documents. Finally, the card also offers extended warranty protection on purchases of $100 or more. incidental statement credit that covers baggage fees, seat upgrades, and more. You’ll also receive coverage up to $ 10,000 per trip. per person if you need to cancel or interrupt your trip due to unforeseen circumstances.
Lastly but not least important feature is no foreign transaction fees when using this credit card outside the United States makes it a great option for frequent travelers who want to avoid extra charges while abroad. Overall these benefits make this elite credit card one worth considering if you’re looking for premium rewards and exclusive perks without breaking the bank!
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How to use the Bank of America Premium Rewards Elite Credit Card
Using the Bank of America Premium Rewards Elite credit card is easy and straightforward. To start using your card, you need to activate it by calling the number on the back of the card or through Bank of America’s online banking platform.
Once activated, you can use your card for purchases anywhere that accepts Visa cards. However, to make the most out of your rewards program, it’s important to know where you’ll earn additional points.
The Bank of America Premium Rewards Elite credit card offers 2x points on travel and dining purchases and 1.5x points on all other purchases. This means that when booking flights or hotels or eating at a restaurant, be sure to pay with this credit card so that you can earn double points.
In addition, if you’re planning an international trip, this credit card has no foreign transaction fees which makes it ideal for traveling abroad without any extra charges.
Another great feature is redeeming your reward points as cash-back statement credits or deposit them into a eligible account like a checking account in order to maximize their value and cover recent transactions made with your premium rewards elite credit card.
Using this credit car effectively requires just being vigilant about where and how much spending will result in more benefits from rewards programs.
What are the different features of the Bank of America Premium Rewards Elite Credit Card?
The Bank of America Premium Rewards Elite Credit Card is a top-of-the-line credit card that offers a range of features to its users. The card comes with an annual fee of $95 and provides various benefits, ensuring it’s worth the investment.
One notable feature is the 2 points per dollar spent on travel and dining purchases, which can add up quickly for those who frequently travel or dine out. Additionally, customers can earn 1.5 points per dollar spent on all other purchases, making this card versatile for everyday use.
Another worthwhile benefit is the up to $100 credit towards TSA PreCheck or Global Entry every four years. This perk alone can save travelers both time and money when going through airport security checkpoints or customs.
Moreover, there are no foreign transaction fees associated with this credit card; therefore, it’s perfect for traveling abroad without incurring additional charges on your transactions.
The Bank of America Premium Rewards Elite Credit Card allows you to redeem your points at any time with no blackout dates or restrictions on airlines or hotels. You have complete control over how you want to spend them!
How to make the most out of your Bank of America Premium Rewards Elite Credit Card
To make the most out of your Bank of America Premium Rewards Elite Credit Card, it’s important to understand all the benefits and features that come with it. Here are some tips on how you can maximize its value:
1. Earn rewards: The card offers 2 points per $1 spent on travel and dining purchases, and 1.5 points per $1 spent on everything else. Make sure to use your card for these categories to earn more rewards.
2. Redeem rewards wisely: You can redeem your points for statement credits, cash back, travel purchases or gift cards. To get the best value from your rewards, consider using them for travel purchases as they offer a higher redemption rate.
3. Take advantage of perks: The card comes with several valuable perks such as TSA PreCheck or Global Entry fee credit, airline incidental fee credit, trip cancellation coverage and more.
4. Use contactless payment: With this feature enabled in your card, simply tap it against a terminal instead of swiping or inserting.
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