Bank of America Premium Rewards Elite
Travel$550/yrAPR: 19.49% to 27.49%
Bank of America LoyalistsPremium TravelHigh-Balance Customers
CCVI Score
197
Why this card stands out
- ✓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
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 structure
- 2X Bonus Points for every dollar spent on travel and dining purchases.
- 1.5X Bonus Points on all other purchases.