Bank of America Premium Rewards
$95 annual fee · $100/yr in printed statement credits · 1.5x on everything else · no foreign transaction fees
Earn rates · how we got this
| Category | Rate | Cap |
|---|---|---|
| Dining | 2x | uncapped |
| Travel | 2x | uncapped |
| Everything else | 1.5x | uncapped |
See how it ranks: best dining cards · best travel cards.
Statement credits — $100/yr on paper · how we got this
| Credit | Value | How it pays |
|---|---|---|
| Airline incidental credit | $100/year | annual |
Monthly and quarterly credits expire if unused — that's where most of their printed value quietly disappears.
Non-cash perks
- Visa Signature Luxury Hotel Collection (room upgrade when available, late checkout, WiFi, daily breakfast, $25 F&B credit)
- Trip cancellation/interruption, trip delay, baggage delay, and lost luggage insurance
- Points don't expire while account is open
- Preferred Rewards bonus eligible
Does the fee earn out? · how we got this
The printed statement credits ($100/yr) cover the $95 fee on paper — if you'd spend that way anyway. Credits you have to remember, enroll in, or change behavior for are worth less than face value. Our app tracks each one against your actual charges.
Is this $95 fee worth it? See the break-even math →
Check the current offer on the issuer's site → Where a card link will appear once available — no link on this page pays us today.
Don't want the fee any more?
Bank of America Premium Rewards can normally be product-changed to three lower-fee cards in the Bank of America rewards family, though only one of them keeps Bank of America points instead of being closed — which keeps the account, its age and its credit line.
Comparing cards in the same currency? See the best cards that earn Bank of America points →
More from Bank of America
Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
Verified 2026-08-21 against issuer terms · sources: www.bankofamerica.com · www.nerdwallet.com · www.bankofamerica.com. Spot an error? Tell us.