The Bank of America Premium Rewards credit card has a sign-up bonus offer for 60,000 points after you spend at least $4,000 within the first 90 days. Here are some ideas on meeting the spending requirement. These 60k points are worth $600 in redemption value. Compare this with other top card bonuses here.
- Update 6/7/2023: Offer has increased from 50k points to 60k points.
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 |
READ MORE: SEE THIS CHECKING BONUS FROM BANK OF AMERICA
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.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.