Rewards credit cards are always very in demand these days. Not only do you get to spend your credit and receive rewards, but there are also a lot of perks and many other benefits that you can get from these cards.
The Bank of America takes it a level further with the Bank of America Premium Rewards Credit Card. This prestigious rewards credit card offers so many more benefits to the cardholder than your average credit card.
If you’re interested in applying for the Bank of America credit card, check out the guide below to learn how to apply online.
Bank of America Premium Rewards Credit Card Overall Details
The Bank of America Premium Rewards Credit Card has more features and perks than what you’re used to.
It might take a little while before you can finish checking out all of the surprises that are in store for you with this rewards credit card.
Perks and Features
The Bank of America Premium Rewards Credit Card offers unlimited rewards points every time you use the card on specific transactions.
You earn 2 points for every dollar spent on travel and dining and 1.5 points on every other transaction that you make.
You can then redeem those points as statement credit, gift cards, discounts, credit to eligible Merrill accounts, or even deposit it directly to your Bank of America account.
Generous Welcome Bonus
What’s even more remarkable about the Bank of America Premium Rewards Credit Card is that it also offers a generous welcome bonus.
You’ll receive 60,000 bonus points, which is equivalent to $600 in cash value.
You can unlock your welcome bonus when you spend more than $4,000 for the first 90 days of opening the account.
Interest Rate and Other Fees
The Bank of America Premium Rewards Credit Card does have an annual fee of $95.
You will also be charged a variable interest rate of 20.24% to 27.24% for purchases.
The best part when it comes to using the card abroad is that you are not charged with any foreign transaction fee.
Apart from the unlimited rewards points and welcome bonus, cardholders can expect to receive up to 4100 in Airline Incidental Statement Credits every year.
You also get travel insurance protection that can help you when it comes to trip delays, cancellations, and even lost luggage.
Eligibility Requirements When Applying for the Bank of America Premium Rewards Credit Card
If you’re interested in applying for the Bank of America Premium Rewards Credit Card, there are certain requirements that you need to fulfill first.
You must be above the age of 18 and, in some regions, the age of 21 to apply for the card.
You must also be a resident of the United States and must have a stable income with a good to excellent credit score to apply.
Applicants must also provide the proper documentation on all of these requirements before they can apply for the card.
You can contact the Bank of America customer service at the number 00 1 315-724-4022.
A representative will be able to provide you with all the details that you need for the card.
You can also visit their main office located at Bank of America Corporate Center, 100 North Tryon Street, Charlotte, NC 28255.
Is the Bank of America Premium Rewards Credit Card the Right Card For You?
Every credit card serves a certain purpose, and the Bank of America Premium Rewards Credit Card offers a specific role for every cardholder.
This is the right card for you if you want to enjoy bountiful rewards from using the card in every transaction that you make.
If you’re a traveler who wants to enjoy more from using a credit card, the Bank of America Premium Rewards Credit Card is the right card for you.
Use the Preferred Rewards Program to Your Advantage
If you have the Bank of America Premium Rewards Credit Card, you can take full advantage of the Preferred Rewards Program to boost your rewards.
Those who are enrolled in this program and use the card will get even more points.
The Gold Tier lets you earn 2.5 points, while the Platinum Tier lets you earn 3 points, and the Platinum Honor Tier gives you 3.5 points per dollar that you spend.
Applying for the Bank of America Premium Rewards Credit Card
Now that you have been thoroughly introduced to the Bank of America Premium Rewards Credit Card, it is time for you to learn how to apply online.
The online application offers a much faster approval and is more convenient.
Many applicants are highly recommended to apply online due to its easy access and efficiency.
Check the Official Website
The first step in applying online is to check the official website and look for the Bank of America Premium Rewards Credit Card.
You can check out all the details of the card so you can discover more features.
Once you have reviewed the benefits and features, click on Apply to apply for the card.
Fill out the online application form with your personal details.
Review everything, including your information and the terms and conditions of the card, before you submit.
Waiting for Approval
After submitting your application, it should not take more than a few hours to receive a notification about your application.
There are instances that you will immediately get the results, but there are also situations where you will receive an update after a few working days.
Activating the Card
Once approved, you will receive your card in the mail after a few more days.
Make sure that you activate the card by logging in to your account at the website and activate it.
You can also call their customer service number to help you activate the card before using it.
A rewards credit card is all you can ever ask for if you’re planning on using the credit card for spending. If you’re looking for an elevated experience, the Bank of America Premium Rewards Credit Card is the perfect card to bring with you on your travels or even for just a simple dinner from your favorite restaurant.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.