Premium Rewards
Bank of America$95 a yearVisa SignatureNo foreign transaction feeIssuer's page
A fair time to apply if the card fits how you spend.
Already have it? On typical spending it does not cover the annual fee: weigh a downgrade or closing it before it renews.
Welcome bonus
60,000points
after $4,000 in purchases in the first 3 months
2/3/4 Rule, 3/12 Rule and 2 more. Am I eligible?
A typical spender, at Miles' point values.
| First-year value | Amount |
|---|---|
| Welcome bonus60,000 points at 1¢ | $600 |
| Rewards above a 2% no-fee cardvs Double Cash, on $32,500 typical spend | $0 |
| Credits you'll likely useof $125 face value | +$88 |
| Annual fee | −$95 |
| Meeting the $4,000 minimumearns 1.5% here vs 2% on Double Cash | −$20 |
| First year | $573 |
| Each year after | +$208 |
Not counted in the first year: protections (each year after counts them).
Earning
| Rate | Category | Return |
|---|---|---|
| 2X | Dining | 2% |
| 2X | Travel | 2% |
| 1.5X | Everything else | 1.5% |
Noteworthy perks
- Airline Fees$100 a year
- Global Entry/TSA PreCheck$25 a year
Personal card · Earns Bank of America Points
Benefits
Credits & Perks (2)
- Global Entry/TSA PreCheck: $100 (Every 4 Years)
Covers application fee. Credit applies automatically when charged to card.
- Airline Fees: $100 (Annual Calendar Year)
qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees
Protections (10)
- Travel Accident Insurance, up to $500,000, Up to $500,000 in accidental death or dismemberment insurance while traveling on a common carrier when the fare is charged to card
- Trip Cancellation/Interruption, up to $2,500, Up to $2,500 per trip for nonrefundable passenger fares
- Trip Delay, up to $500, Up to $500 for trips delayed more than 12 hours
- Baggage Delay, up to $500, Up to $100 per day for up to 5 days when bags delayed 6+ hours
- Lost Luggage, up to $3,000, Up to $3,000 per covered trip for luggage and contents lost/stolen by common carrier
- Emergency Evacuation, up to $15,000, Up to $15,000 for emergency medical evacuation and $1,000 for repatriation
- Purchase Protection, up to $10,000, Up to $10,000 per claim, $50,000 per cardholder annually for stolen or damaged eligible items within 90 days of purchase
- Extended Warranty, up to $10,000, Extends manufacturer's warranty up to 1 additional year, up to $10,000 per claim and $50,000 annually
- Return Protection, up to $250, Up to $250 per item, $1,000 annually when retailer won't accept return
- Auto Rental Collision Damage Waiver (secondary), Secondary coverage for collision damage and theft on rental vehicles for up to 15 days (domestic) or 31 days (international)
Other Perks
- Up to 75% rewards bonus for Preferred Rewards members
The Bank of America Premium Rewards family
Sources and methodology
First-year value is Miles' estimate for a typical spender: the welcome bonus at Miles' point values, plus the rewards this card earns above the best no-annual-fee card's everyday rate on a typical year of spending, plus credits at the share a typical holder uses rather than their face value, plus any certificate or free night earned in that year, minus the first-year fee and the cost of putting the minimum spend on this card instead of that one.
Lounge access, elite status, other benefits, purchase and travel protections, and a certificate or free night that arrives on the card's anniversary are listed beside the first-year figure, not in it. Each year after counts them, with the rewards and credits, less the annual fee. A credit or benefit that needs a spend or a stay counts only where its condition is printed beside it, and credits gated on spend most people never reach are left out.
The fee, offer, earning rates, credits and protections come from the card's record in the Miles dataset, kept against the issuer's own terms. The verdict line is chosen from a fixed set of sentences by Miles' analysis of the offer and the card; nothing on this page is written by hand for one card.
Recent changes
- changed from null to BofA Premium RewardsOct 8, 2026
- changed from null to 4000Aug 13, 2026
- changed from null to 90Aug 13, 2026