【October 6, 2026 update】 The welcome offer is 60,000 points plus $425, worth at least $1,025. If the Bank of America rewards points Alaska said can transfer to its miles are these points, it is worth even more.

The welcome-offer details are in the Welcome Offer section below.

Highlights

  • Unlimited 2x on travel and dining, and unlimited 1.5x on other eligible net purchases.
  • Up to $100 a calendar year in statement credits for airline incidental fees.
  • Up to $100 every four years toward a TSA PreCheck or Global Entry application fee.
  • $95 annual fee on the primary card, and no foreign transaction fee.

Who it’s for: This card is a fit for people who regularly spend on travel and dining and can use the $100 calendar-year airline incidental credit and the $100 TSA PreCheck or Global Entry credit every four years. Its core return is 2x on travel and dining and 1.5x on other eligible purchases for a $95 annual fee. Its value is more limited if you rarely travel, cannot use those credits, or mainly want a higher everyday earning rate.

Bank of America Premium Rewards Credit Card

Issuer: Bank of America
Network: Visa
Card type: Credit card
Annual fee: $95 on the primary card
Foreign transaction fee: none

Spending earns points in the Bank of America Premium Rewards program. Cash rewards, Travel Center redemptions, and gift cards are among the redemption options listed on the issuer site. The published cash-reward value is $0.01 per point.

Welcome Offer

【October 6, 2026 update】 60,000 points + $425 (Rakuten cash back):

  • Earn 60,000 points after at least $4,000 in eligible purchase transactions post within 90 days of opening the new account. Fees, including the annual fee, do not count. Returns, credits, and account adjustments reduce eligible purchases. Cash advances and balance transfers are not purchases.
  • This welcome offer is available once per new account, and only on a new account opened in response to this offer. Converting an existing account does not qualify. The account must still be open, with active charging privileges, when the bonus is issued. After you qualify, the points post in the next 1–2 billing cycles. Offers advertised through other channels may differ and cannot be substituted for this one.
  • Apply through Rakuten and you also get $425 back.

Sign up for rakuten.com with the blog referral link 🔗 (spend $50 within 90 days and get $50). After you register, search rakuten.com for “bank of american premium rewards” and the application link is there.

Rakuten application entry

To apply, you must be at least 18. Permanent residents of Puerto Rico must be at least 21. Your address must be in one of the 50 U.S. states, Washington, D.C., an APO/FPO/DPO address, Guam, Puerto Rico, the Northern Mariana Islands, American Samoa, or the U.S. Virgin Islands. If you currently hold this card, or held it in the past 24 months, the bank may not offer you this bonus.

Everyday Earning

2x: eligible net travel purchases. Travel includes flights, hotels, car rentals, cruises, travel agencies, passenger transportation, parking, tolls, and some attractions. There is no cap on points.

2x: eligible net dining purchases. Dining includes restaurants, fast food, and bars. There is no cap on points.

1.5x: other eligible net purchases. Balance transfers, cash advances, fees, interest, fraudulent transactions, and other non-purchase transactions listed on the issuer site do not earn points.

⚠️ This card is eligible for the BofA Rewards bonus (BofA Rewards™ bonus).

Benefits and Insurance

  • Airline Incidental Statement Credit

Up to $100 each calendar year. You must pay qualifying incidental fees on a specified U.S. domestic airline with this card. Examples include preferred-seat upgrades, change or cancellation fees, checked bags, in-flight entertainment, onboard food and drink, and qualifying airport lounge fees. Tickets, buying miles, mileage-transfer fees, gift cards, duty-free purchases, award tickets, alliance-partner fees, and fees that post together with a ticket do not qualify. Purchases with Allegiant, Spirit, and Sun Country do not qualify either. The transaction also has to be submitted with the correct merchant or service code. After you qualify, the statement credit usually posts in 2–3 weeks.

  • Airport Security Statement Credit

Up to $100 per account every four years, for a TSA PreCheck or Global Entry application fee charged to this card. Qualifying transactions receive the credit in the order they post. The account must still be open, with active charging privileges, when the credit is processed. It usually posts in 2–3 weeks.

  • BofA Rewards bonus (BofA Rewards™ bonus)

Eligible cardholders who join BofA Rewards can earn a 10%, 25%, 50%, or 75% bonus on base points, depending on tier. The bonus does not apply to the welcome offer, and it does not apply to special-offer rewards the bank has not expressly included.

  • Premium Rewards redemption

Once the balance reaches 2,500 points, you can redeem for a statement credit, a deposit to an eligible Bank of America checking or savings account, a credit to an eligible Merrill Cash Management Account or 529 account, Travel Center bookings, or gift cards. Cash rewards are worth $0.01 per point, so 2,500 points redeem for $25.

  • Points expiration

Points do not expire while the account stays open with active charging privileges. If you close the account, or the bank closes it for inactivity, you must redeem within 90 days of closure. If the bank closes the account for another reason, the points are forfeited immediately.

  • Auto Rental Collision Damage Waiver

This is secondary coverage for vehicle damage from collision or theft. It pays excess amounts beyond what your other insurance pays. You must decline the rental company’s collision / loss-damage waiver (CDW/LDW).

  • Roadside Dispatch Program

This card includes a 24-hour roadside dispatch service.

Travel insurance

Official insurance certificate 🔗

  • Trip Delay Reimbursement

If a qualifying trip is delayed more than 12 hours by a covered hazard, the cardholder and eligible family members can be reimbursed for reasonable expenses, up to $500 per ticket purchased.

  • Trip Cancellation

If a trip is cancelled because of illness or another covered situation, non-refundable passenger fares are covered up to a combined $2,500 cap with trip interruption.

  • Trip Interruption

If a trip is cut short because of illness or another covered situation, non-refundable passenger fares are covered up to a combined $2,500 cap with trip cancellation.

  • Baggage Delay

If a common carrier delays or misdirects baggage for more than 6 hours, necessities such as clothing are covered up to $100 a day for up to 5 days. This applies after the common carrier’s own coverage.

  • Lost Luggage Reimbursement

If baggage and its contents are lost because of theft or misdirection by a common carrier, including an airline, bus, train, or cruise ship, the loss can be covered.

  • Travel and Emergency Assistance Services

While travelling, you can get help coordinating medical, legal, and travel services, but you pay for the goods or services yourself; this is an assistance service rather than a direct insurance payment.

  • Emergency Evacuation and Transportation Coverage

If you or an immediate family member is injured or becomes ill on a trip far from home and needs emergency evacuation, eligible medical services and transportation can be covered.

Purchase insurance

  • Purchase Security

If an eligible item bought with this card is stolen or damaged within 90 days of purchase, it can be repaired, replaced, or reimbursed, up to $10,000 per claim.

  • Warranty Manager Service

Eligible items bought with this card can have the manufacturer’s warranty doubled, for up to 1 extra year. For items whose original warranty is 3 years or less, you can also register the receipt and warranty information to look up later.

  • Return Protection

Within 90 days of purchase, if you are dissatisfied with eligible personal property and the retailer refuses the return, you can be reimbursed up to $250 per item and $1,000 a year. The item must be given to the Benefit Administrator in nearly new, working condition.