Bank of America credit cards are known to have the most luxurious features and benefits. They are very well-reviewed and their credit cards are very popular amongst many Americans because you get the most value out of the money that you use.
The Bank of America Premium Rewards Elite Credit Card is one of their premier offerings to their loyal customers. It is one of the best credit cards out there that rewards cardholders with generous perks and amazing deals.
If you want to learn more about this Bank of America credit card, check out the article below and find out how you can apply.
Bank of America Premium Rewards Elite Credit Card Key Highlights and Features
The Bank of America Premium Rewards Elite Credit Card is stacked with so many features and perks.
It is one of the only credit cards out there that have the most generous offers including reward points, savings from airfare and hotel bookings, flexible rewards, welcome offers, and more. Check them all out below.
A Welcome Bonus That You Deserve
The Bank of America Premium Rewards Elite Credit Card lets you earn as much as 75,000 reward points by just signing up for the card and spending at least $5,000 in purchases for the next 90 days of opening your account.
The initial reward points that you get are valued at a whopping $750 which you can use as a statement credit or redeem for other rewards. It’s a welcome offer unlike any other.
Earn Unlimited Points
You can earn unlimited reward points every time you use the Bank of America Premium Rewards Elite Credit Card.
You get 2 points for every dollar that you spend on dining and travel purchases and unlimited 1.5 reward points for every dollar that you spend on other transactions. You can even earn more rewards if you are a member of the Bank of America Preferred Rewards program.
Take note that there is no limit to the amount of reward points that you can earn as long as you don’t close your account. There is also no expiry to the points that you’ve earned so you can collect as much as you want!
Flexible Rewards
With the unlimited reward points, you can easily redeem them for different kinds of rewards.
You can choose to redeem your points for travel rewards, cash back, statement credit, gift cards, and best of all, distinctive experiences that you can choose.
Cardholders can choose from a wide variety of experiences making this credit card one of the most flexible in terms of its rewards program.
Get More Value Out of Your Card
When you use the Bank of America Premium Rewards Elite Credit Card for your transactions, you also get $300 every year in Airline Incidental Statement Credits when you use the card for seat upgrades, baggage fees, and other in-flight services.
There is also a $150 credit for your streaming service subscription, food delivery, and even rideshare services. Lastly, you also have $100 in statements for TSA PreCheck fees every four years.
That’s a total of $550 given to you automatically as statement credits on your account.
Interest Rates and Other Fees
The best way to check for your interest rate is to view your terms and conditions upon application.
The Bank of America Premium Rewards Elite Credit Card has a standard APR of 20.24% to 27.24% for purchases.
You also need to pay an annual fee of $550 but you can also have this offset with the amount of rewards that you get from using the card on all of your transactions.
There is a balance transfer fee of 4% of the total amount of transfer that you have made.
Contact Details
If you have inquiries regarding the card or the application status, you can contact their customer service hotline – 00 1 315-724-4022. A representative will be with you shortly to answer your inquiries.
You can also visit any nearby Bank of America branch or their main office located at Bank of America Corporate Center 100 North Tryon Street Charlotte, NC 28255.
How to Apply for the Bank of America Premium Rewards Elite Credit Card
There are several ways to apply for this Bank of America credit card.
You can apply personally at any nearby Bank of America branch and bring the required documents with you. Applicants can also call 800-932-2775 with the priority code – QAF17N to apply for the card.
If you want a more convenient way to apply for the card, you can always apply online.
Applying Online Through the Official Website
The best way to apply for a credit card is to apply online. Head over to the official Bank of America website and choose Bank of America Premium Rewards Elite Credit Card.
Review all the details regarding the credit card before you apply for the card. You can also schedule an online appointment and have a representative guide you through the online application process.
Submit your online application form with your details and don’t forget to review the terms and conditions before you submit.
How to Get a Faster Response
When it comes to applying for a credit card, it usually takes several days for you to get approval. If you want to know how to get a faster response when applying for this Bank of America credit card, all you need to do is create an account.
You can also simply log in to your account if you already have one. You still need to fill out the online application form and submit several documents for review.
It will only take a few minutes for you to wait until you receive a response from them regarding your application.
Conclusion
The Bank of America Premium Rewards Elite Credit Card is the premier credit card for those who want to have specific perks. The unlimited reward points, the flexible rewards program, the yearly statement credit for your favorite hobbies, and more are just the tip of the iceberg when it comes to owning this credit card. Go ahead and apply today to unlock even more perks and features!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
