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Bank of America Premium Rewards Elite Credit Card

flavia rozinholli
July 31, 2024

The Bank of America Premium Rewards Elite credit card is a payment method that offers a high-level package of benefits and rewards. With international acceptance and a points program, it will meet all your expectations.

In addition to its convenience and efficiency, the card also offers 75,000 bonus points for new applicants. This makes the application even more attractive for consumers, who can redeem their points for a variety of rewards.

If you want to start using a credit card that is truly efficient and offers much more than the basics, this is an option to consider. Keep reading to find out how to apply for yours!

About the Issuer

Bank of America is one of the largest financial institutions in the United States, with a long history of excellence in banking services. Offering a wide range of financial products, the bank stands out for its innovation and customer service.

Founded in 1904, Bank of America has a significant presence across the country, serving millions of customers with products ranging from credit cards to investments. Its commitment to quality is evident in every product it offers.

The Bank of America Premium Rewards Elite is an example of the bank’s commitment to providing financial products that meet the needs of its most demanding customers.

Benefits

Generous Rewards: Earn 2 points for every dollar spent on travel and dining, and 1.5 points on all other purchases. This allows you to maximize your rewards on everyday expenses.

Annual Travel Credit: Receive up to $300 in annual credits for travel expenses, covering everything from airline tickets to baggage fees. This benefit helps make your travels more affordable.

Lifestyle Credits: Enjoy $150 in annual credits for services like ridesharing, food delivery, and streaming services. This benefit makes your daily life easier.

VIP Lounge Access: Benefit from free access to over 1,300 VIP lounges in airports worldwide with the Priority Pass Select membership. Enjoy comfort and convenience during your travels.

No Foreign Transaction Fees: Use your card anywhere in the world without worrying about foreign transaction fees, making it ideal for frequent travelers.

Welcome Bonus: Earn 50,000 bonus points when you spend $3,000 in the first 90 days. These points can be used for a variety of rewards, further increasing the card’s value.

Purchase Protection: Get coverage against damage or theft of new products purchased with the card. This benefit offers peace of mind in your purchases.

Extended Warranty: Enjoy extended manufacturer warranty on products purchased with the card, increasing the protection of your investments.

Travel Insurance: Enjoy trip cancellation/interruption insurance and rental car insurance, providing additional security on your trips.

Bank of America Premium Rewards Elite Credit Card – Fees and commissions

The Bank of America Premium Rewards Elite has an annual fee of $550. However, the credits and benefits offered can help offset this fee, making it an attractive option for many consumers.

There is no introductory APR, only the standard APR, which ranges from 21.24% to 29.24%, depending on the customer’s credit profile. Fees may change by the bank, so to check current conditions, visit the official Bank of America website.

Card limit

The credit limit of the Bank of America Premium Rewards Elite varies based on the applicant’s credit analysis. Customers with a good credit history can expect higher limits, providing greater flexibility in their purchases.

This card is ideal for those who want a significant credit limit to support large expenses, especially in travel and luxury purchases. After approval, Bank of America can also make automatic limit increases.

Positive points

High Rewards
Earn generous points on all your purchases.
Annual Credits
Significant benefits that help offset the annual fee.
VIP Access
Enjoy VIP lounges and other premium services.

Negative points

High Annual Fee
The $550 fee may be high for some users.
Credit Requirements
A good credit history is required to obtain high limits.
Limited General Spending Benefits
The highest rewards are focused on travel and dining.

How to apply for Bank of America Premium Rewards Elite Credit Card

To apply for the Bank of America Premium Rewards Elite credit card and enjoy all it has to offer, follow these instructions:

Access the Bank of America website;
Navigate to the credit cards section;
Select the Bank of America Premium Rewards Elite;
Click “Apply Now“;
Fill out the application form with your personal and financial information;
Submit the application and await the credit analysis;
If approved, your credit card will be issued and delivered.

You will be redirected to the card website

How to contact Bank of America

For more information or assistance, you can contact Bank of America through the following channels:

Phone: 800 932 2775
Online Chat: Available on the Bank of America website for instant service;
In-Person: Visit the nearest branch.

The Bank of America Premium Rewards Elite is an exceptional credit card for those looking to maximize their rewards and enjoy premium benefits. Don’t miss the opportunity to elevate your financial experience – apply today and start enjoying all the benefits it has to offer.