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Bank of America · credit
Last updated
Typically needs excellent credit (guideline, not a guarantee)
Is the BofA Premium Rewards Elite worth keeping when the fee hits? →
Welcome offer — Offer varies — typically 75,000 points after $5,000 spend in 90 days Estimated by source
Apply on Bank of America's siteOfficial issuer page (not an affiliate link yet) · how we earn
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 | $300/yr · annual Inferred by source |
|---|---|
| Lifestyle credit | $150/yr · annual Inferred by source |
| Global Entry / TSA PreCheck | $120/yr · one-time Inferred by source |
Which of these will you actually use?
Pre-checked = a typical cardholder captures it. Uncheck the ones you won't.
Heads up: Priority Pass isn't automatic — the card makes you eligible, but you must enroll and activate your Priority Pass membership through your card's benefits portal first. Without that step you won't get in, even with the card.
| Premium hotel benefits | Late checkout, free daily breakfast for two, room upgrades at select properties Inferred by source |
|---|
| Trip cancellation | Trip cancellation/interruption protection Inferred by source |
|---|---|
| Baggage | Lost/delayed baggage protection Inferred by source |
| Rental car CDW | Auto rental collision coverage Inferred by source |
*Realized/net assume full use of non-spend-gated credits — an upper bound. Personalize it
The Bank of America® Premium Rewards® Elite Credit Card has a $550 annual fee.
Using its non-spend-gated credits fully, the Bank of America® Premium Rewards® Elite Credit Card returns about $570 in value against its $550 annual fee — a net of +$20 per year. It can pay for itself if you actually use the credits.
The Bank of America® Premium Rewards® Elite Credit Card earns 2x on travel & dining, 1.5x on everything else.
Yes. The Bank of America® Premium Rewards® Elite Credit Card grants access to Priority Pass.
No — the Bank of America® Premium Rewards® Elite Credit Card has no foreign transaction fee, so it's a good card to use abroad.
Offer varies — typically 75,000 points after $5,000 spend in 90 days. Welcome offers change frequently — confirm the current one on the issuer's page before applying.