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

Premium Rewards Elite

Annual fee
$550
Network
visa
Type
personal

It earns 2 points per $1 on travel and dining and 1.5 points per $1 on all other purchases, with eligible Bank of America Preferred Rewards members able to earn a 25%–75% rewards bonus.

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 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

  • No foreign transaction fees
    $0
    /Annual

    No foreign transaction fees are charged on purchases made outside the United States.

  • 20% airfare savings on points redemptions
    $0
    /Annual

    Save 20% on the portion of eligible airfare paid with points. Flights must be booked through BofA Travel or the Premium Rewards Elite concierge using Bank of America's booking system.

  • Up to four Priority Pass Select memberships
    $0
    /Annual

    Up to four people may enroll without a membership fee. Each enrolled member receives complimentary access to participating Priority Pass lounges and experiences, with complimentary guest visits subject to program and location restrictions.

  • Rental-car status upgrades and discounts
    $0
    /Annual

    Provides complimentary status upgrades plus VIP amenities and discounts with Avis, Hertz, and National. The sources do not identify the specific status tiers.

  • 24/7 full-service concierge
    $0
    /Annual

    Complimentary 24/7 Visa Infinite concierge assistance is available for travel booking, dining reservations, event tickets, and unique experiences. Cardholders pay for goods, services, and bookings arranged by the concierge.

  • Visa Infinite Luxury Hotel Collection benefits
    $0
    /Annual

    Eligible Visa Infinite Luxury Hotel Collection stays include late checkout, daily breakfast for two, automatic upgrades, and other benefits; some benefits depend on availability.

  • Travel insurance protections
    $0
    /Annual

    Travel insurance protections assist with trip delays, trip cancellations and interruptions, baggage delay, lost-luggage reimbursement, roadside assistance, and emergency evacuation and transportation. The sources provide no reimbursement ceilings.

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