How to Apply for Bank of America Premium Rewards Elite Credit Card
Unlock a world of exclusive benefits and rewards with the Bank of America Premium Rewards Elite Credit Card. This card is designed for those who appreciate luxury and want to make the most of their spending. With its compelling rewards program, cardholders can earn valuable points on every purchase. Additionally, enjoy travel perks, concierge services, and no foreign transaction fees.
Whether you often travel for business or leisure, this card offers features that enhance your experience. Gain access to premium airport lounges, and enjoy comprehensive travel insurance coverage and trip protections. The card’s attractive rewards structure ensures you’re maximizing the value of every dollar spent. If you’re considering adding a new credit card to your wallet, the Premium Rewards Elite offers compelling reasons to apply.
Follow along to discover how to easily apply for this exclusive card and begin enjoying its many advantages.
Benefits of the Bank of America Premium Rewards Elite Credit Card
High Reward Rates
The Bank of America Premium Rewards Elite Credit Card offers unparalleled reward rates in several categories. Cardholders earn 2 points for every dollar spent on travel and dining, and 1.5 points per dollar on all other purchases. These rates are highly competitive, especially for frequent travelers and dining enthusiasts who can maximize their rewards by using the card for these expenses.
To make the most of this benefit, use the card for all your travel and dining purchases to accumulate points quickly. Consider planning your expenditures around bonus categories to enhance your reward earnings further.
Generous Travel Credits
Cardholders enjoy up to $300 in travel credits annually, which can be used to offset various travel expenses like baggage fees, seat upgrades, and airport lounge access. This benefit not only saves money but also elevates the travel experience by making it more comfortable and luxurious.
Tip: Carefully keep track of travel-related expenses, and ensure that you charge them to your card to utilize this credit fully each year.
Comprehensive Lounge Access
Access to over 1,000 airport lounges worldwide is on offer through the Priority Pass Select membership, providing a relaxing space to wait for flights—an invaluable benefit for frequent travelers seeking comfort between trips.
Maximize this benefit by planning layovers or early arrivals at airports with participating lounges, giving yourself an oasis of calm during your travels.
Exclusive Concierge Service
The card provides a world-class concierge service, assisting with travel bookings, event tickets, and restaurant reservations. This service transforms the card into more than just a payment tool—it’s a resource for streamlining life’s complex plans.
Utilize this service as a personal assistant to save time and secure reservations or bookings that might otherwise be challenging to manage on your own.
Enhanced Fraud Protection
With the rise of digital transactions and online shopping, card security is paramount. The card comes with robust fraud protection mechanisms that proactively monitor transactions for suspicious activity, offering round-the-clock support and peace of mind.
Regularly monitoring your statements and taking advantage of the card’s security alerts will help you catch any unauthorized activity early, contributing to smoother financial management.
GET YOUR BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD THROUGH THE WEBSITE
| Category | Details |
|---|---|
| Rewards Program | Earn unlimited 3x points on travel and dining, and 2x points on all other purchases. |
| Annual Fee | $450 annual fee, offset by bonuses and benefits, maximizing value for frequent travelers. |
| Sign-Up Bonus | Receive 50,000 online bonus points after making at least $3,000 in purchases in the first 90 days. |
| Travel Benefits | No foreign transaction fees and complimentary access to airport lounges worldwide. |
Requirements to Apply for the Bank of America Premium Rewards Elite Credit Card
- Applicants must have a minimum annual income of $100,000. This income level ensures that the cardholder can manage the credit limit offered by the card.
- A credit score of 750 or above is generally required. High credit scores reflect a solid credit history and financial responsibility, which are critical for approval.
- Proof of identity is essential. This includes a government-issued photo ID such as a passport or driver’s license. This helps in verifying the applicant’s identity.
- Applicants must provide proof of income, like recent pay stubs or tax returns. This documentation supports the stated income and helps assess the applicant’s financial capacity.
- U.S. residency is required, meaning the applicant must have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
SIGN UP 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 Local Branch
Begin your application process by visiting the Bank of America website or heading to a local branch if you prefer a face-to-face interaction. For online applications, go to the official Bank of America credit card page. At a branch, a representative can guide you through the available options and ensure that you meet the eligibility requirements.
Step 2: Review Eligibility Criteria
Before proceeding with the application, it is essential to ensure that you fulfill the eligibility criteria for the Bank of America Premium Rewards Elite Credit Card. Generally, applicants should have a good to excellent credit score, typically above 700, and a steady income source. This step involves evaluating your financial profile to ascertain your eligibility.
Step 3: Complete the Online Application Form
Once you have confirmed your eligibility, proceed to complete the online application form. You will be required to provide personal information such as your name, address, and Social Security number. Additionally, detail your employment information and income to support your application. Make sure all the entered data is accurate to avoid any processing delays.
Step 4: Review and Submit Your Application
Before submitting, carefully review your application for any errors or missing information. Accuracy is crucial as any discrepancies may prolong the approval process. After ensuring all information is correct, submit the form online. If you are applying in person, your representative will assist you with this process.
Step 5: Await Approval and Receive Your Card
After submitting the application, the approval process begins. In most cases, you will receive a decision within a matter of days. If approved, you will be notified of your credit limit and the card will be mailed to your address. Upon receiving the card, activate it following the instructions provided, and begin using it to earn rewards.
SIGN UP TO GET YOUR BANK OF AMERICA PREMIUM REWARDS ELITE CREDIT CARD
Frequently Asked Questions about the Bank of America Premium Rewards Elite Credit Card
What are the key features of the Bank of America Premium Rewards Elite Credit Card?
The Bank of America Premium Rewards Elite Credit Card offers a range of premium benefits designed for frequent travelers and high spenders. Key features include a substantial sign-up bonus, the ability to earn 2 points per dollar on travel and dining, and 1.5 points per dollar on all other purchases. Cardholders also receive travel and purchase protections, including trip cancellation and interruption insurance, lost luggage reimbursement, and access to exclusive travel and lifestyle experiences.
What is the annual fee for this credit card, and is it worth it?
The annual fee for the Bank of America Premium Rewards Elite Credit Card is $550. Whether this fee is worth it depends on your spending habits and ability to utilize the card’s benefits. If you frequently travel and dine out, the reward points earned, along with the statement credits available for airline incidentals and TSA PreCheck or Global Entry applications, can easily offset the annual fee. Additionally, the card’s value increases for those who can leverage the unique travel and lifestyle perks it offers.
How does this card benefit travelers compared to other reward cards?
This card is tailored for travelers by offering competitive reward points on travel-related expenses and providing comprehensive travel protection benefits. Unlike many other cards, it includes perks like priority airport services and access to exclusive travel offers, which can significantly enhance the travel experience. The combination of rewards, protections, and bonus features makes it an attractive option for frequent travelers looking to maximize their travel savings and benefits.
Can I earn bonus points with this credit card, and how are points redeemed?
Yes, new cardholders can earn a significant bonus point offer after spending a specified amount within the first 90 days of account opening. Points accrued can be redeemed for various rewards, including travel bookings, cash back, and gift cards. Redemption is flexible and can be adjusted according to personal preferences, allowing holders to get the maximum value out of their points based on their specific needs and spending habits.
Are there any foreign transaction fees with the Bank of America Premium Rewards Elite Credit Card?
This card does not charge foreign transaction fees, making it an excellent choice for international travelers. This feature ensures that cardholders can use their card abroad without incurring additional charges, thereby saving money on overseas purchases and enhancing the overall value proposition of the card for those who frequently travel internationally.
