This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
The Bank of America Premium Rewards credit card has a sign-up bonus offer for 50,000 points after you spend at least $3,000 within the first 90 days. Here are some ideas on meeting the spending requirement. These 50k points are worth $500 in redemption value. Compare this with other top card bonuses here.
With this card, you can unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases. It’s an even better card if you’re already a Bank of America customer and meet their Preferred Rewards status.
If you’re a Bank of America Preferred Rewards client with at least $20,000 in combined accounts, you can enjoy a 25% – 75% rewards bonus on every purchase. Qualifying accounts include Bank of America (Checking/Savings), Merrill Lynch and Merrill Edge accounts. That means you could earn up to 3.5 points per $1 on travel and dining purchases and up to 2.625 points per $1 on all other purchases.
Balance In Account | Rewards Bonus | Points Per Dollar Earned |
Under $20,000 | 0% | Travel/dining: 2 Other spending: 1.5 |
$20,000 to $49,999 (Gold) | 25% | Travel/dining: 2.5 Other spending: 1.875 |
$50,000 to $99,999 (Platinum) | 50% | Travel/dining: 3 Other spending: 2.25 |
$100,000+ (Platinum Honors) | 75% | Travel/dining: 3.5 Other spending: 2.625 |
Card Details

- 2 points per $1 spent on travel purchases
- 2 points per $1 spent on dining purchases
- 1.5 points per $1 spent on all other purchases
- Get up to $100 in Airline Incidental Statement Credits annually for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees – automatically applied to your card statement
- Get up to $100 in Airport Security Statement Credits towards TSA PreCheck or Global Entry Application fees, every four years
- No foreign transaction fees
- Preferred Rewards members earn 25%-75% more on points on every purchase.
*This card is issued by Bank of America. BoA also offers great sign-up bonuses for their Checking/Savings accounts.
Read more: See the best bank promotions here and the best investing promotions here.