Premium Rewards
Bank of America
Premium Rewards
Offer Strength
StandardShow breakdown
Estimated bonus value: ~$600
Base score: 35
Airline boost: +7
Ongoing airline value (conservative, ~2 trips/yr): ~$48
• $100 airline credits
Current $600 vs typical $600
Net value after annual fee: ~$553
Estimate based on our value hints; not financial advice.
Annual Fee
$95/yr
Premium Rewards
Welcome Offer
Earn 60,000 bonus points ($600 value) after spending $4,000 in the first 90 days.
Eligibility Rules
These issuer rules may affect your approval or bonus eligibility.
Bank of America 2/3/4 rule
Bank of America is observed to limit personal card approvals to 2 in 2 months, 3 in 12 months, and 4 in 24 months.
Bonus cooldown policy
Some cards appear to enforce a waiting period between bonuses. The cooldown varies by issuer — from 24 to 60 months depending on the card.
Duplicate ownership rule
Most banks are observed to decline applications for a card you already hold.
Rules reflect community-reported patterns, not official issuer policies.
Check your eligibilityEarning Rates
2x points on travel and dining
1.5x points on all other purchases
Up to 75% more with Preferred Rewards ($20k+ BofA/Merrill)
Key benefits
$100 annual airline incidental statement credit
$100 annual airline incidental statement credit
Up to 75% more rewards with Preferred Rewards
Up to 75% more rewards with Preferred Rewards
20% point bonus on airfare via BofA Travel Center
20% point bonus on airfare via BofA Travel Center
No foreign transaction fees
No foreign transaction fees
Perks
Return protection and auto collision waiver
Return protection and auto collision waiver
Roadside dispatch
Roadside dispatch
No foreign transaction fees
No foreign transaction fees
Ongoing Value
Annual benefits that offset the fee year after year.
Airline Credits
$100 in airline credits per year
$100 annual airline incidental credit + up to 75% more rewards with Preferred Rewards.
Annual Fee Breakeven
Good fit for
About this card
The Bank of America Premium Rewards is a travel rewards card with a $95 annual fee. New cardholders can earn 60,000 points after spending $4,000 in 90 days.
Best for
occasional travelers
Key considerations
Low annual fee of $95 is easy to offset with benefits.
Downgrade Options
If you decide to cancel, consider product-changing to keep your account history.
Retention Offers
Reported offers when calling to cancel or downgrade. Your offer may vary.
$50 statement credit
PhoneReddit · 2025-10
No offer (common)
PhoneFlyerTalk · 2025-07
Tip: BoA retention offers are inconsistent. The $100 airline/travel credit offsets the $95 fee.
Last updated: 2026-03. Not guaranteed.
Card analysis
Offer analysis
The current offer on the Premium Rewards awards 60,000 points after spending $4,000 within 90 days of account opening.
Annual fee value
The $95 annual fee is largely offset by ongoing benefits including airline credits ($100), with an estimated total value of ~$100 per year.
In the first year, the sign-up bonus alone delivers approximately $605 in net value after the annual fee and benefit credits.
Analysis is auto-generated from card data and known issuer rules. Not financial advice.
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