The Bank of America Premium Rewards Elite credit card offers a luxury experience and exclusive benefits for those looking to maximize their rewards on purchases, making it a standout option in the financial market.
It’s ideal for those who want more than just accumulating points, providing access to unique perks that live up to its name. If you value premium services, this card might be the right choice.
Want to know more about how this card can meet your needs and add value to your daily life? Let’s dive into the details and see how it can elevate your financial experience.
About the Issuer
Bank of America, one of the largest and most renowned banks in the United States, is the issuer of the Premium Rewards Elite card. With a long history of excellence in customer service and a solid global presence, the bank offers a wide range of financial products, including credit cards, checking accounts, and investments.
Bank of America is committed to providing innovative and secure financial solutions for its customers, ensuring that all transactions are protected by cutting-edge technologies. The trust in an established financial institution is one of the factors that make the Premium Rewards Elite an attractive option for discerning consumers.
If you’re already a Bank of America customer or considering opening an account, the Premium Rewards Elite can be the perfect complement to your finances, offering exclusive benefits and valuable rewards.
Benefits
$300 Credit for Air Travel Expenses: This card offers an annual credit of up to $300, which can be used for travel-related expenses like baggage fees, seat upgrades, and even in-flight purchases. This benefit is ideal for frequent travelers looking to reduce their travel costs.
Airport Lounge Access with Priority Pass: With the Bank of America Premium Rewards Elite, you have unlimited access to over 1,300 airport lounges worldwide through the Priority Pass Select program. This ensures you can relax in comfort and tranquility before your flights, with amenities like free Wi-Fi, food, and drinks.
Annual $150 Lifestyle Credit: The card offers up to $150 in annual credits that can be used on a variety of services, including food delivery, streaming service subscriptions, and gym memberships. This credit is flexible, allowing you to use it according to your lifestyle and preferences.
$100 Rebate for Global Entry or TSA PreCheck: The up to $100 rebate for enrolling in the Global Entry or TSA PreCheck programs is another significant benefit, especially for international travelers who want to speed up the security process at airports. This rebate is available once every four years.
Comprehensive Travel Protections: The card also offers robust travel protections, including trip cancellation and interruption insurance, baggage loss coverage, and emergency assistance. These protections ensure you can travel with peace of mind, knowing you’re covered in case of unforeseen events.
Rewards and Points Accumulation: Cardholders earn 2 points for every dollar spent on travel and dining and 1.5 points for every dollar spent on all other purchases. Accumulated points can be redeemed for a variety of options, such as travel, cash back, and even statement credits.
Bank of America Premium Rewards Elite Credit Card – Fees and commissions
The annual fee for the Bank of America Premium Rewards Elite credit card is $550, which can be offset by the various credits and benefits offered. Interest rates range from 21.24% to 29.24%, depending on your credit history.
It’s important to remember that the card’s fees and charges may change without notice, so it’s essential to check the current conditions directly on the official Bank of America website before applying for the card.
Card limit
The credit limit for the Bank of America Premium Rewards Elite varies based on the individual customer’s credit analysis. This means that depending on your financial history, you may be eligible for a higher limit, allowing greater flexibility in your purchases and travel.
Customers who already have a strong financial relationship with Bank of America may benefit from more generous credit limits, especially if they are part of the Preferred Rewards program.
Positive points
- Travel Benefits:Offers substantial credits for travel expenses like baggage and seat upgrades.
- Lounge Access:Unlimited access to Priority Pass lounges is a major attraction for frequent travelers.
- Travel Protections:Robust coverage for trip cancellations and interruptions.
Negative points
- High Annual Fee:The $550 annual fee may be a downside for some consumers.
- Benefit Overlap:Many benefits are similar to other credit cards from the same bank.
- Spending Requirements:The minimum spend of $5,000 in 90 days to earn the bonus may be high for some.
How to apply for Bank of America Premium Rewards Elite Credit Card
- Visit the official Bank of America website;
- Navigate to the credit card section and select the Premium Rewards Elite;
- Click on “Apply Now” to start the application process;
- Fill out the form with your personal and financial information;
- Submit the application and wait for the credit analysis;
- Receive confirmation by email or mail;
- Activate the card and start using it.
How to contact Bank of America
To contact about the Bank of America Premium Rewards Elite credit card, use the following options:
- Phone: 800 932 2775
- Online Chat: Access the chat via the Bank of America app or website for immediate support.
If you’re looking for a card that offers luxury, comfort, and generous rewards, the Bank of America Premium Rewards Elite may be the ideal choice. Take advantage of all the benefits and elevate your travel and shopping experiences. Apply now and find out how to get started!
