Verdict · Updated April 2026
Bank of America Premium Rewards Card for Dining & Restaurants
The Bank of America Premium Rewards Card isn't optimized for dining & restaurants — ranked #33 of 40 eligible cards. Unless you already hold it for other reasons, consider one of the alternatives below.
Rank #33 of 4018th percentileConsider alternatives
Reviewed by CardCompare Editorial Board
|Data-driven ranking|Updated April 2026
Bank of America Premium Rewards Card
Bank of America · $95 annual fee
A solid flat-rate travel card that really shines for Bank of America Preferred Rewards members. The base 1.5 points everywhere and 2x on travel/dining is good, but Platinum Honors members get a 75% bonus — effectively earning 3.5x on travel/dining and 2.625x on everything else.
Full card review
Earn math — Dining & Restaurants profile
Based on typical dining & restaurants spending of $19,200/year across the categories below.
Annual rewards
$330
Annual fee
$95
Net value
$235
Dining multiplierDelivery creditsFast-food codingCoffee shop bonuses
Where the Bank of America Premium Rewards Card wins for dining & restaurants
- 1.5x base rate on all spending — reliable fallback earning
- Sign-up bonus worth roughly $600 — instant first-year value
Where it falls short
- Only 2x on dining — pure dining-focused cards earn 3-4x
- No intro 0% APR and a high regular APR (29.49%) — carrying a balance is expensive
Top 3 alternatives for dining & restaurants
Cards that rank higher than or close to the Bank of America Premium Rewards Card on our dining & restaurants scoring model.
How the Bank of America Premium Rewards Card performs for other use cases
Frequently asked questions
Is the Bank of America Premium Rewards Card a good card for dining & restaurants?⌄
The Bank of America Premium Rewards Card isn't optimized for dining & restaurants — ranked #33 of 40 eligible cards. Unless you already hold it for other reasons, consider one of the alternatives below.
How much can I earn with the Bank of America Premium Rewards Card on dining & restaurants spending?⌄
At the typical dining & restaurants spending profile of $19,200/year, this card earns approximately $330 in rewards — net $235 after the $95 annual fee.
What are better alternatives to the Bank of America Premium Rewards Card for dining & restaurants?⌄
Our top 3 alternatives are U.S. Bank Altitude Reserve Visa Infinite, IHG One Rewards Premier Credit Card, Capital One SavorOne. Each ranks higher on our use-case scoring model for dining & restaurants.
What credit score do I need for the Bank of America Premium Rewards Card?⌄
The Bank of America Premium Rewards Card typically requires excellent credit. Approval also depends on income, existing debt, and application history — a score in the stated range doesn't guarantee approval.
Is the Bank of America Premium Rewards Card's annual fee worth it for this use case?⌄
The $95 annual fee breaks even when you earn $95 in rewards. At the typical dining & restaurants profile ($19,200/year), this card earns $330 — net positive after the fee.
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