The Bank of America® Premium Rewards® Elite Credit Card is designed for those seeking distinctive experiences, advanced security, and high returns on their everyday spending. With travel benefits, expanded protections, and access to exclusive services.
In addition to earning rewards on every purchase, the card offers annual credits, access to airport lounges, and premium insurance coverages. It’s ideal for frequent travelers or those who desire greater comfort and value in every transaction.
If you’re looking for a comprehensive credit card with high-level perks, continue reading to discover why the Premium Rewards Elite stands out.
Meet the Issuer
Bank of America offers financial solutions for various profiles, from accessible products to sophisticated options like the Premium Rewards Elite, which delivers complete benefits to those who value security, status, and real rewards.
With a strong presence in the U.S. market, the bank is known for combining innovation, quality customer service, and competitive rewards programs. The Elite is one of its most exclusive cards, designed for clients who demand more.
This is a choice crafted for those wanting to elevate their financial experience and turn everyday spending into premium rewards.
Main Benefits of the Card
Welcome Bonus: Earn 75,000 points after spending $5,000 in the first 90 days, equivalent to up to $750 in rewards for travel or statement credit.
2 Points per Dollar: Earn 2 points on all travel and dining purchases, including flights, hotels, car rentals, and restaurants.
1.5 Points per Dollar: Earn 1.5 points on all other purchases made with the card.
$300 Annual Travel Credit: Can be used for baggage fees, upgrades, reservation fees, and other qualifying expenses.
Up to $150 Lifestyle Credit: Use it for consulting services, gym memberships, wellness programs, or streaming services.
Priority Pass Access: Free entry to over 1,300 airport lounges worldwide.
Premium Travel Insurance: Coverage for trip cancellations, delays, lost luggage, and international medical assistance.
Purchase Protection and Extended Warranty: Added security for purchases, with extended coverage and reimbursement in case of theft or damage.
No Foreign Transaction Fees: Perfect for international purchases without additional charges.
Bank Of America Premium Rewards Elite: Fees and Commissions
The Bank of America Premium Rewards Elite charges a $550 annual fee, in line with the luxury services and benefits it offers.
Despite the annual fee, the card returns part of this cost through direct credits and benefits, such as the $300 in travel expenses and up to $150 in lifestyle credits, significantly reducing the product’s effective cost.
The APR is variable, based on credit analysis, with updated rates provided at the time of application. Terms and conditions may change at any time. For more details, it’s recommended to check the official website before applying.
Card Limit
The credit limit for the Premium Rewards Elite is personalized, based on a comprehensive analysis of the applicant’s financial profile.
As a premium category card, the approved limits tend to be higher, allowing for greater purchasing power and flexibility for larger expenses. Additionally, clients may benefit from automatic adjustments or request credit line increases based on usage and payment history.
Positive points
- Travel and Dining Rewards:Earn 2 points per dollar spent in these key categories, boosting your travel returns.
- Annual Travel and Lifestyle Credits:Receive up to $450 each year to offset travel and lifestyle-related expenses.
- Complimentary Lounge Access:Enjoy unlimited Priority Pass lounge visits, offering comfort and exclusivity at airports worldwide.
Negative points
- Annual Fee:The $550 yearly charge may only be worthwhile for those who fully leverage the card’s premium benefits.
- Strict Approval Criteria:Applicants typically need an excellent credit score and high income to qualify.
- Standard Rewards Outside Core Categories:Purchases beyond travel and dining earn a lower, fixed rate without bonus multipliers.
How to Apply for Bank Of America Premium Rewards Elite Credit Card
- Visit the official Bank of America website.
- Locate the Premium Rewards Elite card in the credit cards section.
- Click the button to start the application process.
- Fill out the form with your personal and financial information.
- Provide your annual income and current occupation.
- Review all the details and accept the terms.
- Submit your application and wait for the bank’s review.
- After approval, your card will be sent directly to your address.
How to Contact Bank Of America Premium Rewards Elite
- Phone: 1-800-732-9194
- Online Chat: Available on the official website or app
- Email: Through the secure Internet Banking platform
- 24-hour Assistance: For cardholders
The Bank of America® Premium Rewards® Elite Credit Card is more than a card—it’s a gateway to a more comfortable, secure, and rewarding lifestyle. If you are looking for a sophisticated card with real returns and high-level benefits, this may be the ideal choice. Apply now and enjoy the best your money can offer.