Review
Bank of America® Premium Rewards® Credit Card Review: Straightforward Travel Rewards and Valuable Credits
Looking for a straightforward travel card with valuable perks? Our review breaks down the Bank of America Premium Rewards card's points system, airline credits, and who will benefit most.
| Annual Fee | $95.00 |
| Sign-up Bonus | 60,000 bonus points |
| Rewards Rate | 1.5x-2x Points |
| Intro APR | None |
| Regular APR | Standard APR 19.49% - 27.49% variable |
| Other Fees | Balance Transfer Fee 5% of each transaction |
Overview
Pros & Cons
What's great
- Generous sign-up bonus
- High rewards rate on travel, dining, and everyday purchases
- No foreign transaction fees
- Annual credits for travel and airport security
- Valuable travel and purchase protections
- Concierge services
Things to consider
- Annual fee
- No introductory APR period
- High regular APR
- High balance transfer fee
Benefits
Drawbacks
Decision Guidance
Summary
The Bank of America® Premium Rewards® Credit Card is a good option for those who can take advantage of its rewards program and benefits, but it's not without its drawbacks. The generous sign-up bonus, solid rewards rate on travel and dining, and valu...