Apply for the Bank of America Premium Rewards Elite Credit Card Today

Unlock a world of unparalleled benefits with the Bank of America Premium Rewards Elite Credit Card, a premium option for those who seek to elevate their financial experience. This card is designed to reward you for doing what you love most, whether it’s traveling the globe or enjoying a night out. With the ability to earn unlimited points on every purchase and redeem them for everything from travel to cash back, it’s a versatile tool that fits seamlessly into your lifestyle.

Imagine earning unlimited 2 points per $1 on travel and dining and 1.5 points per $1 on all other purchases. Plus, as a cardholder, you’ll enjoy a host of elite perks, such as travel and emergency assistance services, and access to exclusive airport lounges, enhancing every journey you embark upon. With a robust rewards program and comprehensive benefits, this card truly sets itself apart. Explore its full potential and take control of your financial future.

Benefits of the Bank of America Premium Rewards Elite Credit Card

1. Generous Rewards Program

The Bank of America Premium Rewards Elite Credit Card offers a lucrative rewards program that lets you earn points on every purchase you make. Cardholders earn 2 points for every dollar spent on travel and dining and 1.5 points per dollar on all other purchases. This is an excellent card for frequent travelers and diners.

Tip: Maximize your rewards by using this card for all your travel and dining expenses.

2. Extensive Travel Benefits

If you’re a frequent traveler, you’ll appreciate the extensive travel benefits offered by this card. Enjoy perks like airport lounge access, travel credits, and comprehensive travel insurance. These benefits are designed to make your travel experience more comfortable and enjoyable.

Tip: Make the most of your travel credits by keeping track of your expenditures on travel-related services like airline tickets, baggage fees, and more.

3. Exclusive Access to Luxury Experiences

The Bank of America Premium Rewards Elite Credit Card provides cardholders with opportunities to access exclusive events and experiences. This can include special dining events, concerts, and unique travel excursions.

Tip: Stay informed about upcoming exclusive events through communications from Bank of America and ensure you meet any necessary spending requirements to qualify for these experiences.

4. No Foreign Transaction Fees

For the international traveler, this credit card eliminates foreign transaction fees, allowing you to shop overseas without incurring additional costs. This can result in significant savings if you frequently make purchases abroad.

Tip: Use this card when traveling internationally for all your expenses to avoid extra fees that other cards may charge.

LEARN MORE DETAILS ABOUT BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD

The Bank of America Premium Rewards Elite Credit Card offers exceptional earning potential through its rewards program. With this card, you earn an impressive 3 points per dollar spent on travel and dining, making it an excellent choice for frequent travelers and dining enthusiasts. Additionally, every other purchase still helps you earn rewards at a rate of 1.5 points per dollar, ensuring you can accumulate points on everyday expenses as well.Moreover, the card provides a generous sign-up bonus, allowing new cardholders to earn a substantial amount of points after they spend a certain amount within the first few months. This enticing offer is especially beneficial for those looking to maximize their rewards early on. The combination of a valuable rewards structure and a lucrative sign-up bonus makes the Bank of America Premium Rewards Elite Credit Card an appealing option for consumers.

Requirements for Applying for the Bank of America Premium Rewards Elite Credit Card

• Excellent Credit Score: To apply for the Bank of America Premium Rewards Elite Credit Card, you typically need an excellent credit score. This generally means a FICO score of 750 or higher. A high credit score indicates a strong history of managing credit responsibly.
• Proof of Income: Lenders need to ensure that you can manage your credit obligations, so you will be required to provide proof of income. This can include recent pay stubs, tax returns, or other documentation that verifies a steady and sufficient income level.
• Employment Details: You may need to provide details about your current employment. This information helps the bank assess your financial stability and ability to make payments.
• US Residency: Applicants must reside in the United States. Having an established residency is crucial for credit card issuers as it ensures they can establish a recovery process if the credit card holder defaults.
• Minimum Age Requirement: Applicants must be at least 18 years old—or 21 if you’re in a student role with no independent income—to be eligible for this credit card. Age restrictions ensure that applicants have the legal standing to enter into a credit agreement.

SEE HOW TO GET YOUR BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD

How to Apply for the Bank of America Premium Rewards Elite Credit Card

Step 1: Visit the Bank of America Website or Nearest Branch

To begin your application for the Bank of America Premium Rewards Elite Credit Card, you have two convenient options. You can either visit the official Bank of America website or head to your nearest Bank of America branch. Visiting the website is often the quickest way to get started, but if you prefer in-person assistance, the branch option is just as effective.

Step 2: Navigate to the Credit Cards Section

On the Bank of America website, look for the ‘Credit Cards’ section. This is usually prominently displayed on the homepage or under a menu labeled ‘Products’ or something similar. Click on it to explore the different credit card offerings. If you’re in a branch, ask a bank representative to guide you to the credit card brochures or applications.

Step 3: Select the Premium Rewards Elite Credit Card

Once you’re in the credit card section, locate the Premium Rewards Elite Credit Card among the options listed. There should be a detailed overview of the card’s benefits, fees, and requirements. Take a moment to review these details to ensure that this card meets your financial needs and goals.

Step 4: Complete the Application Form

If you’ve decided to proceed, click on the option to ‘Apply Now’ if you’re online. This will direct you to the application form. Provide the necessary personal and financial information as accurately as possible. This typically includes your social security number, income details, and employment information. In a branch, a representative will assist you in filling out the application.

Step 5: Submit the Application and Await Approval

After reviewing your information for accuracy and completeness, submit your application. Online submissions are usually processed faster, and you might even receive an instant decision. For branch applications, expect to hear back within a few days about the status of your application. Awaiting approval can be a little nerve-wracking, but rest assured that Bank of America will contact you with updates or requests for additional information.

GET YOUR BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD THROUGH THE WEBSITE

Frequently Asked Questions about the Bank of America Premium Rewards Elite Credit Card

What are the main benefits of the Bank of America Premium Rewards Elite Credit Card?

The Bank of America Premium Rewards Elite Credit Card offers several enticing benefits. Among these are earning 2 points for every $1 spent on travel and dining purchases. In addition, cardholders earn 1.5 points per $1 on all other purchases. There is also a comprehensive travel insurance package, exclusive lounge access, and no foreign transaction fees, making it ideal for frequent travelers. Furthermore, if you are a Preferred Rewards member, you can earn up to an additional 75% rewards bonus on every purchase.

What is the annual fee for the Premium Rewards Elite Credit Card?

The annual fee for the Bank of America Premium Rewards Elite Credit Card is $550. While this might seem steep, the array of benefits, including travel credits and lounge access, often offsets the cost for those who use the card’s features extensively.

How does the travel credit work with this credit card?

The card offers up to $300 in travel statement credits each calendar year. This amount can be redeemed for various travel-related expenses, such as airline tickets, seat upgrades, baggage fees, and more. Simply use your card to make these purchases, and the credits will apply as a statement credit, reducing the outstanding amount on your credit card bill.

Is there a minimum income requirement to apply for this card?

While Bank of America does not publicly disclose a minimum income requirement for the Premium Rewards Elite Credit Card, it is designed for those with excellent credit and typically higher income levels. The application process will involve a credit check, where your credit score, income, and overall financial health are assessed to determine eligibility.

What level of customer service can I expect with this credit card?

As a Premium Rewards Elite cardholder, you can expect superior customer support services, including access to a 24/7 concierge service. This service can assist you with travel bookings, dining reservations, and other personal or business arrangements, enhancing both the convenience and desirability of holding this premium credit card. Additionally, getting help with managing your card or addressing any issues should be a seamless experience with Bank of America’s highly regarded customer support team.

Linda Carter

Linda Carter is a writer and financial expert specializing in personal finance and financial planning. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on our platform. Her goal is to empower readers with practical advice and strategies for financial success.