Bank of America Premium Rewards Card Review
Bank of America · Bank of America Preferred Rewards Platinum Honors members
4.3 / 5 (1123 reviews)
Annual Fee
$95
Rewards
2 points per $1 on travel and dining, 1.5 points on everything else
Regular APR
19.49% – 29.49%
Credit Needed
Excellent (750+)
Our Expert Verdict
8/10
Editor's Score
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.
Pros
- Incredible with Preferred Rewards
- High flat rate (1.5x)
- $100 airline + $100 TSA credit
- No foreign transaction fees
Cons
- $95 annual fee
- Best value requires $100K+ at BofA/Merrill
- Points worth 1¢ without Preferred Rewards
Sign-Up Bonus
60,000 points after spending $4,000 in 90 days
Key Benefits & Perks
Up to $100 airline incidental credit
Up to $100 Global Entry/TSA PreCheck credit
Preferred Rewards boosts up to 75%
No foreign transaction fees
Purchase protection and extended warranty
Rewards Breakdown
| Category | Rate |
|---|---|
| Travel | 2x |
| Dining | 2x |
| Everything else | 1.5x |
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4.3
1,123 reviews
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