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Bank of America Premium Rewards Credit Card
The Premium Rewards card earns its $95 fee back fast through up to $200 in annual credits ($100 airline incidental plus up to $100 Global Entry/TSA PreCheck), then layers on 2x travel and dining and 1.5x everything else with no foreign fee. The real reason to hold it is Preferred Rewards: top-tier members can boost earning by up to 75%, which is where it pulls ahead of a Chase Sapphire Preferred for BofA loyalists. If you don't bank with BofA, the lack of transfer partners and no lounge access make pricier cards a better fit. Use the airline credit and the fee is effectively $0 net; verify the credit terms on BofA's site.
⟳ Rates & fees verified June 2026 — always confirm the current terms on the issuer's official site before applying.
What you earn
- ✓A $100 yearly airline incidental credit
- ✓As much as $100 toward Global Entry or TSA PreCheck
- ✓Preferred Rewards members earn considerably more
👍 Pros
- + The yearly credits can outweigh the fee
- + No surcharge on purchases made abroad
- + A large lift for Preferred Rewards members
👎 Cons
- – Carries a yearly fee
- – There are no transfer partners
- – Lounge entry is not included
Can you get it?
- ▸A credit score in the good-to-excellent range
- ▸Enough income to back the credit line
- ▸The Preferred Rewards multiplier depends on qualifying balances
Requirements are general guidance — the issuer makes the final decision. Learn more about card requirements →
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