Perqt AI Wallet logo
Bank of America · synced with issuer page
Bank of America

Premium Rewards Elite

Annual fee
$550
Network
visa
Type
personal

Earns unlimited 2 points per $1 spent on travel and dining and 1.5 points per $1 on all other purchases.

Bank of America Premium Rewards Elite

Heads up: Rates, fees, and welcome offers below are pulled directly from the issuer and refreshed continuously. Confirm final terms on the issuer site before applying.

Welcome offer

75,000 online bonus points — a $750 value — after you make at least $5,000 in purchases in the first 90 days of account opening

Est. value
$750
Minimum spend
$5,000
Within
3 mo

Earning rates

  • All Other Purchases
    1.5×
    pts
    Bank of America Premium Rewards · Preferred Rewards members earn a 25% to 75% bonus, raising base earnings to 1.87 to 2.62 points per $1.
  • Top earn
    Travel
    2×
    pts
    Bank of America Premium Rewards · Preferred Rewards members earn a 25% to 75% bonus, raising travel earnings to 2.5 to 3.5 points per $1.
  • Top earn
    Dining
    2×
    pts
    Bank of America Premium Rewards · Preferred Rewards members earn a 25% to 75% bonus, raising dining earnings to 2.5 to 3.5 points per $1.

On-card benefits & credits

  • Airline Incidental Statement Credit
    $300
    /annual

    Up to $300 in annual statement credits for qualifying airline incidental purchases such as seat upgrades, baggage fees, lounge fees, and in-flight services.

  • Priority Pass Select Memberships
    $250
    /annual

    Up to 4 complimentary Priority Pass Select memberships providing unlimited access to airport lounges and experiences worldwide.

  • Lifestyle Statement Credit
    $150
    /annual

    Up to $150 in annual statement credits for lifestyle conveniences including video streaming services, food delivery, fitness subscriptions, and rideshare services.

  • Premium Hotel Benefits
    $150
    /annual

    Special benefits at premium hotels including late checkout, free daily breakfast for two, and automatic room upgrades when available.

  • Global Entry/TSA PreCheck Credit
    $100
    /one_time
  • Airfare Discount
    $100
    /annual
  • Travel Protections
    $100
    /annual

    Comprehensive coverage including trip delay, cancellation, interruption, baggage delay, lost luggage, and emergency evacuation.

  • 20% Airfare Savings with Points
    $100
    /annual

    Save 20% on domestic or international airfare for any class when paying with points through the Bank of America Travel Center.

  • Rental Car Elite Status & Discounts
    $100
    /annual

    Complimentary status upgrades and discounts with rental car partners including Avis, Hertz, National, and Audi on demand.

  • Trip Cancellation/Interruption Insurance
    $50
    /annual
  • No Foreign Transaction Fees
    $50
    /annual
  • 24/7 Full-Service Concierge
    $50
    /annual

    24/7 access to a full-service concierge to assist with travel bookings, dinner reservations, and event tickets.

  • Baggage Delay/Lost Luggage Reimbursement
    $25
    /annual

Other Bank of America cards

Is the Premium Rewards Elite right for your spend?

Drop in your typical monthly spend and we'll show exactly how much this card would earn you — plus how it stacks up against your current wallet.

See your savings