Verdict · Updated April 2026
Bank of America Premium Rewards Card for Travel
The Bank of America Premium Rewards Card is workable for travel but not the strongest fit — ranked #26 of 54 eligible cards. Several cards listed in alternatives outperform it for this specific use case.
Rank #26 of 5453th percentileWorkable but not optimal
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 — Travel profile
Based on typical travel spending of $25,200/year across the categories below.
Annual rewards
$450
Annual fee
$95
Net value
$355
Transfer partnersLounge accessNo foreign transaction feeTrip protection
Where the Bank of America Premium Rewards Card wins for travel
- No foreign transaction fee — saves 2-3% on every international purchase
- TSA PreCheck or Global Entry credit saves you $85-$120 every 4-5 years
Where it falls short
- No intro 0% APR and a high regular APR (29.49%) — carrying a balance is expensive
Top 3 alternatives for travel
Cards that rank higher than or close to the Bank of America Premium Rewards Card on our travel 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 travel?⌄
The Bank of America Premium Rewards Card is workable for travel but not the strongest fit — ranked #26 of 54 eligible cards. Several cards listed in alternatives outperform it for this specific use case.
How much can I earn with the Bank of America Premium Rewards Card on travel spending?⌄
At the typical travel spending profile of $25,200/year, this card earns approximately $450 in rewards — net $355 after the $95 annual fee.
What are better alternatives to the Bank of America Premium Rewards Card for travel?⌄
Our top 3 alternatives are IHG One Rewards Premier Credit Card, Citi Strata Premier Card, American Express Platinum. Each ranks higher on our use-case scoring model for travel.
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 travel profile ($25,200/year), this card earns $450 — net positive after the fee.
Want the full card review?
See rewards, fees, and all perks of the Bank of America Premium Rewards Card