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3.7/5.0 from 35 Offer Ratings
Over the Past 60 Days!
Reviews
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CompareCards was one of three sites that met all the criteria.
Trusted & Secure
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Empowering over
50,000,000 card holders Since 2005 -
Bank of America® Premium Rewards® Visa® credit card
- Regular Purchase APR 17.49% - 24.49% Variable APR
- Intro Purchase APR N/A
- Intro BT APR N/A
- Annual Fee $95
-
Credit Needed
Excellent/Good
- Card Brand Visa®
Card Details
Highlights
- Click "APPLY NOW" to apply online
- Receive 50,000 bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening
- Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
- If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase
- No limit to the points you can earn and your points don't expire
- Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill accounts, or gift cards or purchases at the Bank of America Travel Center
- Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
- No Foreign Transaction Fees
- Low $95 annual fee
Card Fees
Foreign Transaction Fee None
Balance Transfer Fee Either $10 or 3% of the amount of each transaction, whichever is greater.
Cash Advance Fee See Terms
Penalty APR Up to 29.99% APR
Ongoing Information
Rewards Rate 2 points for every $1 spent on travel and dining purchases, 1.5 points per $1 spent on all other purchases
Annual Fee $95
Additional Card Details
$0 Fraud Liability Yes
Auto Rental Insurance Yes
Extended Warranty Program Yes
Roadside Assistance Yes
Purchase Protection Yes
Travel Assistance Yes
Flight Accident Insurance Yes
Lost Luggage Reimbursement Yes
Concierge Service Yes
Expert Reviews
From the CompareCards.com Editorial Team
The Bank of America® Premium Rewards® Visa® credit card is a top of the line rewards credit card offering a big sign up bonus and generous ongoing rewards. New cardholders get 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening. You also earn 2 points for every $1 spent on travel and dining purchases, 1.5 points per $1 spent on all other purchases. That's a higher baseline rewards rate than most points-earning credit cards.
If you're a Bank of America Preferred Rewards client, your rewards will go even further with a 25%-75% bonus on every purchase. Unlike many points and miles credit cards that restrict you to only redeeming rewards with one airline or hotel, the Bank of America® Premium Rewards® Visa® credit card offers flexibility to redeem for a statement credit or even as a deposit into eligible Bank of America® or Merrill accounts. There's no limit to the points you can earn and your points don't expire.
This card is also packed with extra travel perks and benefits to help you save money. For example, you get up to a $100 Airline Incidental Statement Credit annually for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees. While this card does have an annual fee of $95, there are no foreign transaction fees and the rewards you earn can easily make up for the annual fee.
Expert Reviews of the Bank of America® Premium Rewards® Visa® credit card
- 3.0
Regular APR
- 0.0
Intro APR
- 3.0
Fees
- 5.0
Benefits
4.0/5 Overall Rating
The Bottom Line
With a big sign up bonus and generous ongoing rewards, the Bank of America® Premium Rewards® Visa® credit card is a great choice for anyone looking for a points-earning credit card for everyday purchases.
The Good
If you spend a lot on travel and dining, this card can help you rake in a big sum of rewards. If you're a Bank of America Preferred Rewards client and you take advantage of all the additional perks and rewards this card offers it can save you a lot of money.
The Not so Good
The $95 annual fee isn't waived the first year.
Editorial Note: This content is not provided by Bank of America. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Bank of America.
Consumer Reviews
Offer Rating
3.7/5.0
35 Total Ratings
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+35 users submitted a rating without a full review
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Related Card Offers
- Intro Balance Transfer APR 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days
- Intro Purchase APR 0% Introductory APR on purchases for 18 billing cycles
- Regular APR 14.49% - 24.49% Variable APR on purchases and balance transfers
- Annual Fee $0
- Credit Needed Excellent/Good
- Card Brand Mastercard®
Highlights
- Click "APPLY NOW" to apply online or call 800-483-4499
- 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 14.49% - 24.49% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
- No annual fee
- No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply
- Access your FICO® Score for free within Online Banking or your Mobile Banking app
See additional details for BankAmericard® credit card
- Intro Purchase APR 0% Introductory APR on purchases for 15 billing cycles
- Intro BT APR 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days
- Regular APR 15.49% - 25.49% Variable APR on purchases and balance transfers
- Annual Fee $0
- Credit Needed Excellent/Good
- Card Brand Mastercard®
Highlights
- Click "APPLY NOW" to apply online or call 800-716-6383
- No annual fee
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
- Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
- 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.49% - 25.49% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
- No expiration on rewards
- If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase
See additional details for Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer
- Rewards Rate 3% cash back on your choice of one of the following six categories: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining (for the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter) and 1% cash back on all other purchases.
- Bonus Cash $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening
- Rewards Redemption Redeem rewards for cash back or apply them to your bank account
- Annual Fee $0
- Credit Needed Excellent
- Card Brand Mastercard®
Highlights
- Click "APPLY NOW" to apply online
- Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening – with no annual fee and cash rewards don't expire.
- Earn 3% cash back in the category of your choice, 2% cash back on dining and unlimited 1% cash back on all other purchases.
- You'll get 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- 0% Introductory APR on purchases for your first 9 billing cycles.
- Redeem your cash rewards as a statement credit, check, or have cash deposited into a Bank of America® checking or savings account.
- Get 75% more cash back on every purchase when you’re a Preferred Rewards for Business Platinum Honors tier member. That means you will earn 5.25% on your selected choice category, 3.5% on dining and unlimited 1.75% cash back on all other purchases.
See additional details for Bank of America® Business Advantage Cash Rewards Mastercard® credit card
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