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Bank of America · credit
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Is the BofA Premium Rewards worth keeping when the fee hits?
Welcome offer — Offer varies — typically 60,000 points after $4,000 spend in 90 days Estimated by source
Apply on Bank of America's siteOfficial issuer page (not an affiliate link yet) · how we earn
Typically needs good credit (670–739) — guideline, not a guarantee · Set your credit profile
Personalize this for you add your cards & memberships and we'll show what it's really worth to you.
What this card delivers across six value dimensions (0–100, normalized).
| 2× | Travel & dining Inferred by source |
|---|---|
| 1.5× | Everything else Inferred by source |
| Airline incidental credit | $100/yr · annual Inferred by sourceWhat is Airline incidental credit?Covers airline extras — checked bags, seat selection, lounge day passes, on-board food — but specifically NOT the ticket itself. Most issuers make you nominate one airline in advance. On this card: Baggage fees, seat upgrades, inflight purchases, lounge fees Inferred by source |
|---|---|
| Global Entry / TSA PreCheck | $100/yr · one-time Inferred by sourceWhat is Global Entry / TSA PreCheck?Global Entry speeds up US customs and immigration when you arrive from abroad, and includes TSA PreCheck. TSA PreCheck alone is the expedited domestic security lane. This reimburses the government application fee, which you only pay every few years. On this card: Up to $100 every 4 years Inferred by source |
Which of these will you actually use?
Pre-checked = a typical cardholder captures it. Uncheck the ones you won't.
No lounge access.
| Preferred Rewards boost | Up to 75% more points with Bank of America Preferred Rewards tiers Inferred by source |
|---|
| Trip cancellation | Trip cancellation/interruption protection Inferred by source |
|---|---|
| Baggage | Lost/delayed baggage protection Inferred by source |
| Rental car CDW | Secondary auto rental coverage Inferred by source |
Using BofA Premium Rewards at an ATM is a cash advance, not a normal purchase — it costs a fee, starts charging interest the same day (no grace period), and earns no rewards.
| Cash advance fee | Either $10 or 5% of each cash advance, whichever is greater Inferred by source |
|---|---|
| Cash advance APR | Around 29.99% variable APR (no grace period) Estimated by source |
| Foreign ATM | Cash advance with no foreign transaction fee — but the ATM operator may add its own surcharge. |
ATM operator surcharges are set by the machine, not the card. To avoid all of this, use a debit card or cash for ATM withdrawals.
*Realized/net assume full use of non-spend-gated credits — an upper bound. Personalize it
The Bank of America® Premium Rewards® Credit Card has a $95 annual fee.
Using its non-spend-gated credits fully, the Bank of America® Premium Rewards® Credit Card returns about $200 in value against its $95 annual fee — a net of +$105 per year. It can pay for itself if you actually use the credits.
The Bank of America® Premium Rewards® Credit Card earns 2x on travel & dining, 1.5x on everything else.
No — the Bank of America® Premium Rewards® Credit Card does not include airport lounge access.
No — the Bank of America® Premium Rewards® Credit Card has no foreign transaction fee, so it's a good card to use abroad.
Offer varies — typically 60,000 points after $4,000 spend in 90 days. Welcome offers change frequently — confirm the current one on the issuer's page before applying.