Bank of America Premium Rewards Elite is a luxury credit card designed for those who want premium travel perks, higher earning potential, and elite lifestyle benefits. It combines flexibility, security, and exclusive access to elevate your financial experience.
With generous reward rates, travel statement credits, airport lounge access, and strong protections, this card meets the needs of frequent travelers and high-income earners looking for maximum value.
Keep reading to explore how the Premium Rewards Elite card delivers a luxury experience while rewarding every purchase with elite-level benefits.
Meet the Issuer
Bank of America offers a full suite of personal and business financial solutions, including some of the most rewarding credit cards available today. Known for excellent service and digital tools, the bank supports users in achieving financial success.
With the Premium Rewards Elite card, Bank of America provides a high-end experience focused on elite customers who want premium travel and lifestyle rewards.
Customers enrolled in the Preferred Rewards program can unlock even more value, with boosted rewards and relationship-based perks that enhance every dollar spent.
Main Benefits of the Card
2 points per dollar on travel and dining: Earn elevated rewards on your favorite categories.
1.5 points per dollar on all other purchases: A strong base rate for all spending.
50,000 bonus points: Equivalent to $500 in value after spending $3,000 in the first 90 days.
$300 annual airline incidental credit: Reimbursement for baggage fees, seat upgrades, and in-flight purchases.
$150 lifestyle credit: Use on ride shares, food delivery, streaming, or fitness memberships.
Bank Of America Premium Rewards Elite: Fees and Commissions
This premium card charges a $550 annual fee, which is offset by luxury credits and travel benefits. There are no foreign transaction fees, making it ideal for international travel.
Additional cards can be added for $0, and benefits are shared with authorized users.
Rates and fees may change. Always check the Bank of America website for current terms and disclosures.
Card limit
The credit limit for the Premium Rewards Elite card typically starts higher than standard cards, as it’s targeted to customers with strong income and excellent credit. Initial limits often begin at $10,000 and can go well beyond that.
Customers with strong financial profiles may be eligible for exclusive limit increases or private client benefits depending on account history.
Positive points
- Premium Travel Benefits:Enjoy airport lounge access, annual statement credits, and comprehensive travel protections.
- High-Value Welcome Bonus:Earn a $500 bonus with flexible redemption for travel, statement credit, or more.
- No Foreign Fees:Use your card internationally without paying extra on foreign transactions.
Negative points
- High Annual Fee:The $550 yearly cost may outweigh benefits for infrequent travelers.
- Requires Excellent Credit:Applicants typically need a high credit score and strong financial history.
- Best for BofA Customers:Full earning potential requires enrollment in the Preferred Rewards program.
How to Apply for Your Bank Of America Premium Rewards Elite
- Visit the official Bank of America website
- Navigate to the “Credit Cards” section
- Select “Premium Rewards Elite” and click “Apply Now”
- Enter your personal and financial information
- Confirm employment, income, and contact details
- Review terms and conditions
- Submit your application for credit review
- Receive a decision instantly or by email
- Activate your card upon arrival
How to Contact – Bank Of America Premium Rewards Elite
Premium Rewards Elite cardholders have access to dedicated customer service channels:
- Phone: 1-800-732-9194
- Email: Use secure messaging via online banking
- Live Chat: Available through the BofA mobile app or website
The Bank of America Premium Rewards Elite card is a top-tier option for those who value travel perks, flexible rewards, and luxury-level service. With substantial statement credits and powerful protections, this card offers unmatched value for high spenders. Apply now and start experiencing premium rewards with every swipe.
