Premium Rewards Elite
Bank of America$550 a yearVisa InfiniteNo foreign transaction feeIssuer's page
A fair time to apply if the card fits how you spend.
Already have it? A lower-fee card in the same family may suit you better.
Welcome bonus
75,000points
after $5,000 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 bonus75,000 points at 1¢ | $750 |
| Rewards above a 2% no-fee cardvs Double Cash, on $32,500 typical spend | $0 |
| Credits you'll likely useof $480 face value | +$336 |
| Annual fee | −$550 |
| Meeting the $5,000 minimumearns 1.5% here vs 2% on Double Cash | −$25 |
| First year | $511 |
| Each year after | +$166 |
Not counted in the first year: lounge access, status and 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$300 a year
- Lifestyle conveniences$150 a year
- Priority Pass Select
- Avis Preferred President's Club
Personal card · Earns Bank of America Points
Benefits
Credits & Perks (3)
- Global Entry/TSA PreCheck: $120 (Every 4 Years)
Covers application fee. Credit applies automatically when charged to card.
- Airline Fees: $300 (Annual Calendar Year)
qualifying purchases such as seat upgrades, baggage fees, airline lounge fees and in-flight services
- Lifestyle conveniences: $150 (Annual Calendar Year)
streaming, food delivery, fitness, rideshare
Lounge Access (1)
- Priority Pass Select (Unlimited): unlimited free guests
Elite status (2)
- Avis Preferred: President's Club
- National Emerald Club: Executive
Protections (10)
- Travel Accident Insurance, up to $1,000,000, Provides up to $1,000,000 in accidental death or dismemberment insurance while traveling on a common carrier when the entire fare is charged to your card.
- Trip Cancellation/Interruption, up to $2,500, Up to $2,500 per trip for nonrefundable passenger fares. Pay for the entire fare with your card to be eligible for this benefit.
- Trip Delay, up to $500, Up to $500 for trips delayed more than 6 hours. Pay for a portion of the common carrier fare with your card to be eligible for this benefit.
- Baggage Delay, up to $500, Up to $100 per day for up to 5 days when bags delayed 6+ hours. Pay for any portion of your trip with your card to be eligible for this benefit.
- Lost Luggage, up to $3,000, Coverage for luggage and contents lost/stolen by common carrier up to $3,000 per person per trip. $2K per bag for NY residents. Pay for a portion of the covered trip with your card to be eligible for this benefit.
- Emergency Evacuation, up to $100,000, Coverage for emergency medical evacuation costs up to $100,000. Pay for a portion of your trip with your card to be eligible for this benefit.
- 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 $300, Up to $300 per item, $1,000 annually when retailer won't accept return
- Auto Rental Collision Damage Waiver (primary), Primary coverage for collision damage and theft up to $75K. Pay for the full cost on your card to be eligible for this benefit. Coverage is not available in Israel, Jamaica, the Republic of Ireland, Northern Ireland.
Other Perks
- 20% discount when redeeming points for flights through BOA Travel Center
- Up to 75% rewards bonus for Preferred Rewards members
- Visa Infinite Luxury Hotel Collection: late checkout, free daily breakfast for two, room upgrades at participating properties
- 24/7 concierge service
- Visa Infinite roadside assistance
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 EliteOct 8, 2026
- changed from null to 5000Aug 13, 2026
- changed from null to 90Aug 13, 2026