Bank of America Premium Rewards
60,000 points welcome · 2x on travel · $95/yr
The Premium Rewards is a straightforward travel card: 2 points per dollar on travel and dining and 1.5 points on everything else, so even uncategorized spending earns more than the typical 1x. For a $95 annual fee you also get a $100 airline incidental credit each year, which can effectively offset the fee if you regularly pay for bags or seat upgrades, plus up to $100 toward Global Entry or TSA PreCheck every four years. The 60,000-point welcome bonus requires $4,000 in spend within three months, and there are no foreign transaction fees. The tradeoff is that the earn rates are solid but not exceptional, and the card offers few perks beyond the airline credit. It fits best for someone who wants a simple, flat-leaning travel card and will use that incidental credit every year.
Earn rates & credits
| Category | Rate |
|---|---|
Travel | 2x |
Dining | 2x |
Everything Else | 1.5x |
| Benefit | Value |
|---|---|
Airline Incidental Credit Annual statement credit for qualifying airline incidentals like seat upgrades, baggage fees, and in-flight services | $100 /yr |
Global Entry / TSA PreCheck Credit Up to $100 statement credit for Global Entry or TSA PreCheck application fee every four years | $100 every 4 yr |
| Total annual credits | $125 |
Card details
Regular APR | 19.49%–27.49% variable |
Foreign transaction fee | None |
Approval odds
Product changes
Where cardholders came from before landing on this card, and what they moved it to afterwards. Thicker flows carry a larger share of the changes in that direction.
Bank of America Premium RewardsBased on 2 reported product changes. Percentages are shares of each direction, not of all cardholders, and a small sample can swing a long way.