Bank of America Premium Rewards Elite
Bank of America • travel
Bank of America LoyalistsPremium TravelHigh-Balance Customers
CCVI Score
197
Why this card is good
- Designed for high-value Bank of America customers
- Rewards scale meaningfully with Preferred Rewards status
- Appeals to users already invested in the Bank of America ecosystem
Pros
- Strong value for Preferred Rewards members
- Premium travel benefits
- Simple rewards structure for a premium card
Cons
- High annual fee
- Limited value without Preferred Rewards status
- Less compelling for non–Bank of America customers
Quick facts
- Annual fee
- $550
- Purchase APR
- 19.49% to 27.49%
Welcome offer
- Earn 75,000 bonus points - a $750 value - after spending at least $5,000 in the first 90 days.
- No 0% introductory offer for purchases or BT on this card.
Rewards
- 2X Bonus Points for every dollar spent on travel and dining purchases.
- 1.5X Bonus Points on all other purchases.