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Bank of America® Premium Rewards® review: A great travel and dining cash back card | Fortune Recommends
<!DOCTYPE html><html lang="en"><head><meta charSet="utf-8"/><meta name="viewport" content="width=device-width"/><title>Bank of America® Premium Rewards® review: A great travel and dining cash back card | Fortune Recommends</title><meta name="msapplication-TileColor" content="#ffc40d"/><meta name="theme-color" content="#FFFFFF"/><meta name="description" content="Get 2% back—or more—plus premium travel benefits for a low annual fee."/><meta name="keywords" content=""/><meta property="og:url" content="https://fortune.com/recommends/credit-cards/bank-of-america-premium-rewards-card-review/"/><meta property="og:type" content="article"/><meta property="og:title" content="This cash back credit card from Bank of America pays up to 2% back"/><meta property="og:description" content="Unless you’re a Preferred Rewards member, in which case you can earn up to 75% more cash back."/><meta property="og:site_name" content="Fortune Recommends"/><meta property="og:image" 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data-cy="article-container-eyebrow" class="sc-762dcccc-2 cxBFXn"><h1 class="sc-3358ecfd-0 sc-762dcccc-3 cLhSQr kSydWg has-author-byline" data-cy="article-title">Bank of America® Premium Rewards® review: A great travel and dining cash back card—especially for Preferred Rewards members</h1><div class="sc-762dcccc-12 dbPxJK"><div data-cy="article-author-and-date" class="sc-762dcccc-4 iAMQzI"><div class="sc-762dcccc-5 hYQSDF recommends-author"><div data-cy="authorByLine" class="sc-4aadc14e-0 izTsmZ"><span class="sc-4aadc14e-7 fLvwvm"><a href="https://fortune.com/author/dia-adams/" target="_self" class="sc-93594058-0 fowfrQ " rel="author" aria-label="Go to Dia Adams author's page"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:40px;height:40px;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><img alt="Dia Adams" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="fixed" style="border-radius:30px;position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover;background-size:cover;background-position:0% 0%;filter:blur(20px);background-image:url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg==")"/><noscript><img alt="Dia Adams" loading="lazy" decoding="async" data-nimg="fixed" style="border-radius:30px;position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" srcSet="https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=48&q=75 1x, https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=96&q=75 2x" src="https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=96&q=75"/></noscript></span><div class="sc-4aadc14e-2 hyvKyP"><div class="sc-4aadc14e-3 wCShc"><div data-cy="author-by-text" class="sc-4aadc14e-5 gQdnNk">BY</div><div data-cy="author-name" class="sc-4aadc14e-6 dImtxq">Dia Adams</div></div><div class="sc-4aadc14e-4 oxMCx">Senior Editor, Credit Cards</div></div></a><div class="sc-3be47025-11 fcFEKV sc-4aadc14e-1 COKyR"><div class="sc-3be47025-7 fVPgCt"><a href="https://fortune.com/author/dia-adams/" target="_self" class="sc-93594058-0 fowfrQ "><img alt="" loading="lazy" width="0" height="0" decoding="async" data-nimg="1" class="sc-3be47025-0 hgyqdh" style="color:transparent;height:auto;object-fit:cover;width:100%;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' %3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'/%3E%3CfeComposite operator='out' in='s'/%3E%3CfeComposite in2='SourceGraphic'/%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3C/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='xMidYMid slice' style='filter: url(%23b);' href='data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg=='/%3E%3C/svg%3E")" sizes="100vw" srcSet="https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=320&q=75 320w, https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=384&q=75 384w, https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=480&q=75 480w, https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=576&q=75 576w, 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stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round"></path></svg></button></div><span class="sc-3be47025-5 fQLsjx"><p><span style="font-weight:400">Dia Adams is the senior editor leading the credit cards team at Fortune Recommends. Previously, Dia was a managing editor on the credit cards and travel rewards team at Forbes Advisor. She has been featured on national television, radio, print, and online media as an expert in the realms of credit cards, points and miles, Disney and family travel. </span></p></span><div class="sc-3be47025-10 bmAuQp"><ul class="sc-f8fcf8ba-2 fgxESO"><li class="sc-f8fcf8ba-3 giFAMX"><a href="https://www.linkedin.com/in/dia-adams/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to our linkedin profile"><svg width="24" height="24" aria-hidden="true" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M3.51562 0H20.4844C22.4227 0 24 1.57727 24 3.51562V20.4844C24 22.4227 22.4227 24 20.4844 24H3.51562C1.57727 24 0 22.4227 0 20.4844V3.51562C0 1.57727 1.57727 0 3.51562 0ZM5.67188 19.0312H8.48438V9.1875H5.67188V19.0312ZM8.48438 7.78125H5.67188V4.96875H8.48438V7.78125ZM15.5156 19.0312H18.3281V12.9229C18.3281 10.9006 16.7199 9.18951 14.8125 9.1875C14.1595 9.1875 13.7281 9.34814 13.2557 9.52402C13.0815 9.5889 12.9017 9.65586 12.7031 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class="sc-93594058-0 fowfrQ sc-8357b4fc-6 cytaS " aria-label="Go to Glen Luke Flanagan author's page"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:40px;height:40px;background:none;opacity:1;border:0;margin:0;padding:0;position:relative"><img alt="Glen Luke Flanagan" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="fixed" style="border-radius:30px;position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover;background-size:cover;background-position:0% 0%;filter:blur(20px);background-image:url("data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg==")"/><noscript><img alt="Glen Luke Flanagan" loading="lazy" decoding="async" data-nimg="fixed" style="border-radius:30px;position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" srcSet="https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=48&q=75 1x, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=96&q=75 2x" src="https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=96&q=75"/></noscript></span><span class="sc-8357b4fc-4 iiWsis"><span class="sc-8357b4fc-3 hVwMNA"><svg width="16" height="16" viewBox="0 0 16 16" fill="none" xmlns="http://www.w3.org/2000/svg" class="checkmark"><path d="M7.94771 16C12.3378 16 15.8954 12.4173 15.8954 8C15.8954 3.581 12.3362 0 7.94771 0C3.55924 0 0 3.58266 0 8C0 12.419 3.55924 16 7.94771 16Z" fill="#00CD98"></path><path d="M12.0049 4.83243C12.1961 5.00003 12.2175 5.29208 12.051 5.48458C12.0494 5.48789 12.0461 5.48955 12.0444 5.49287L7.04436 11.1531C6.87291 11.3456 6.57946 11.3639 6.38658 11.1913C6.37339 11.1797 6.3602 11.1664 6.34866 11.1531L3.84944 8.3205C3.67964 8.12469 3.69778 7.82766 3.89231 7.65674C4.08684 7.48582 4.38193 7.50407 4.55173 7.69988L6.72289 10.1376L11.3751 4.854C11.5416 4.66151 11.8318 4.63994 12.023 4.80754C12.0263 4.81086 12.028 4.81252 12.0313 4.81583L12.0049 4.83243Z" fill="white"></path></svg><span data-cy="reviewed-by-text" class="sc-8357b4fc-2 bjJBmk">REVIEWED BY</span><span data-cy="reviewer-name" class="sc-8357b4fc-7 kXSAJi">Glen Luke Flanagan</span></span><span class="sc-8357b4fc-5 eFRRvB">Deputy Editor, Credit Cards & Mortgage</span></span></a><div class="sc-3be47025-11 fcFEKV sc-8357b4fc-0 ipkJtx"><div class="sc-3be47025-7 fVPgCt"><a href="https://fortune.com/author/glen-flanagan/" target="_self" class="sc-93594058-0 fowfrQ "><img alt="" loading="lazy" width="0" height="0" decoding="async" data-nimg="1" class="sc-3be47025-0 hgyqdh" style="color:transparent;height:auto;object-fit:cover;width:100%;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' %3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'/%3E%3CfeComposite operator='out' in='s'/%3E%3CfeComposite in2='SourceGraphic'/%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3C/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='xMidYMid slice' style='filter: url(%23b);' href='data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg=='/%3E%3C/svg%3E")" sizes="100vw" srcSet="https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=320&q=75 320w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=384&q=75 384w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=480&q=75 480w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=576&q=75 576w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=768&q=75 768w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=1024&q=75 1024w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=1280&q=75 1280w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=1440&q=75 1440w" src="https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=1440&q=75"/></a><div class="sc-3be47025-8 gXfXEH"><a href="https://fortune.com/author/glen-flanagan/" target="_self" class="sc-93594058-0 fowfrQ "><span class="sc-3be47025-1 juJQCL">Glen Luke Flanagan</span></a><span class="sc-3be47025-2 eSlZzo">Deputy Editor, Credit Cards & Mortgage</span></div><button class="sc-3be47025-3 jstytk"><svg width="24" height="24" viewBox="0 0 24 24" fill="none" xmlns="http://www.w3.org/2000/svg"><path d="M18 6L6 18" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round"></path><path d="M6 6L18 18" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round"></path></svg></button></div><span class="sc-3be47025-5 fQLsjx"><p><span style="font-weight:400">Glen Luke Flanagan is a deputy editor at Fortune Recommends who focuses on mortgage and credit card content. His prior roles include deputy editor positions at USA TODAY Blueprint and Forbes Advisor, as well as senior writer at LendingTree—all focused on credit card rewards, credit scores, and related topics. </span></p></span><div class="sc-3be47025-10 bmAuQp"><ul class="sc-f8fcf8ba-2 fgxESO"><li class="sc-f8fcf8ba-3 giFAMX"><a href="https://www.linkedin.com/in/glenlukeflanagan" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to our linkedin profile"><svg width="24" height="24" aria-hidden="true" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M3.51562 0H20.4844C22.4227 0 24 1.57727 24 3.51562V20.4844C24 22.4227 22.4227 24 20.4844 24H3.51562C1.57727 24 0 22.4227 0 20.4844V3.51562C0 1.57727 1.57727 0 3.51562 0ZM5.67188 19.0312H8.48438V9.1875H5.67188V19.0312ZM8.48438 7.78125H5.67188V4.96875H8.48438V7.78125ZM15.5156 19.0312H18.3281V12.9229C18.3281 10.9006 16.7199 9.18951 14.8125 9.1875C14.1595 9.1875 13.7281 9.34814 13.2557 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data-nimg="1" style="color:transparent;height:auto;object-fit:cover;width:100%;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 768 512'%3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'/%3E%3CfeComposite operator='out' in='s'/%3E%3CfeComposite in2='SourceGraphic'/%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3C/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='none' style='filter: url(%23b);' href='data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg=='/%3E%3C/svg%3E")" sizes="100vw" srcSet="https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg?w=320&q=75 320w, https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg?w=384&q=75 384w, https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg?w=480&q=75 480w, https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg?w=576&q=75 576w, https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg?w=768&q=75 768w, https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg?w=1024&q=75 1024w, https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg?w=1280&q=75 1280w, https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg?w=1440&q=75 1440w" src="https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg?w=1440&q=75"/><div data-cy="caption" class="sc-762dcccc-9 fbephs">Get 2% back—or more—plus premium travel benefits for a low annual fee.</div><div data-cy="credit" class="sc-762dcccc-10 ebMnGM">Photo illustration by Fortune; original photo by Bank of America</div></div><div id="article-content" class="sc-762dcccc-16 dnkyTN"><div><div data-cy="article-content" class="rawHtml-content-no-nativo"><p style="font-size:16px"><em>Fortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.</em></p> <p><strong>Why we like this card: </strong>The<strong> </strong>Bank of America® Premium Rewards® card is a feature-rich <a href="https://fortune.com/recommends/credit-cards/best-travel-credit-cards/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to https://fortune.com/recommends/credit-cards/best-travel-credit-cards/">travel credit card</a> with perks and rewards that frequent flyers and foodies will appreciate.</p><div class="paywall-selector"></div><div class="paywall"> <p><style>N/A</style></p><div class="pros_cons"><div><h3>Pros</h3><ul><li>Large sign-up bonus</li><li>No foreign transaction fee</li><li>Preferred Rewards members can earn 25%–75% more cash back</li></ul></div><div><h3>Cons</h3><ul><li>Has an annual fee</li><li>No introductory APR</li></ul></div></div> <h2 class="wp-block-heading">Bank of America® Premium Rewards card: Overview</h2> <p>One of the key attractions of the Bank of America® Premium Rewards® card is its rewards program: Cardholders earn 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases. There’s no limit to the number of points you can earn, and points don’t expire. Additionally, cardholders who are enrolled in the Bank of America Preferred Rewards program can earn even more points: up to 3.5 points per $1 spent on travel and dining and up to 2.62 points per $1 spent on all other purchases.</p><div data-cy="nativoTout"></div> <p>The card also offers a range of travel-related benefits and protections, making it particularly appealing for frequent travelers. These include reimbursement for TSA PreCheck or Global Entry membership fees, up to $100 in an annual airline incidental credit, trip cancellation/interruption insurance, baggage protection, and more. Cardholders also enjoy Priority Pass lounge access and no foreign transaction fees..</p> <h2 class="wp-block-heading">Bank of America Premium Rewards Card: Rewards </h2> <p>The Premium Rewards card offers a straightforward rewards structure:</p> <ul><li>2 points per $1 spent on travel purchases</li> <li>2 points per $1 spent on dining purchases</li> <li>1.5 points for every $1 spent on all other purchases</li></ul> <p>Additionally, Preferred Rewards members can earn 25%–75% more points on every purchase. This translates to earning 2.5 to 3.5 points on travel and dining purchases and 1.87 to 2.62 points on all other purchases, for every $1 spent.</p> <p>New cardholders also have the opportunity to earn 60,000 online bonus points—a $600 value—after you make at least $4,000 in purchases in the first 90 days of account opening.</p> <h2 class="wp-block-heading">How to redeem Bank of America Premium Rewards points</h2> <p>Premium Rewards cardholders have a several options for redeeming points: </p> <h3 class="wp-block-heading">Travel Rewards</h3> <p>Points can be redeemed for airline travel, car rentals, and hotel stays through the Bank of America Travel Center, by going to the site or by calling the number on the back of your card. Travel reward redemptions start at 2,500 points.</p> <h3 class="wp-block-heading">Cash Rewards</h3> <p>You can also choose to receive your points as cash back (note that cash rewards redemptions start at 2,500 points). There are a few ways to go about this:</p> <ul><li>Get a statement credit of any amount</li> <li>Have cash back direct deposit into an eligible Bank of America account</li> <li>Receive a credit to an eligible Merrill account account </li> <li>Have a check mailed to you </li> <li>Make a contribution to a 529 account with Merrill </li></ul> <p>You can also choose to set up automatic redemptions to either a Bank of America or a Merrill account, starting at $25 in rewards. (Statement credits, checks, and contributions into a 529 account are not eligible for automatic redemption.)</p> <h3 class="wp-block-heading">Gift Card Rewards </h3> <p>Another option is to use your points for gift cards from a variety of retailers. Browse the Bank of America site to see up-to-date gift card options, which are updated regularly.</p> <h2 class="wp-block-heading">Additional benefits</h2> <p>The card comes with the following premium benefits:</p> <p><strong>Airline incidental statement credit:</strong> Get up to $100 in statement credits each year for qualifying purchases, such as seat upgrades, baggage fees, in-flight services, and airline lounge fees. Credits are automatically applied to your card statement</p> <p><strong>Airport security statement credit: </strong>Get up to $100 for TSA PreCheck® or Global Entry application fees, every four years.</p> <p><strong>Trip delay reimbursement:</strong> If a trip is delayed due to a covered hazard for more than 12 hours, you and your eligible family members can receive up to $500 per ticket purchased to cover reasonable expenses.</p> <p><strong>Trip cancellation/interruption reimbursement:</strong> if your trip is canceled or cut short due to illness or another covered situation, you can receive up to $2,500 for non-refundable passenger fares.</p> <p><strong>Baggage delay reimbursement:</strong> Get reimbursed up to $100 per day, up to five days, if your bags are delayed or misdirected by a common carrier for more than six hours for essential items. Note that this coverage is secondary to the common carrier.</p> <p><strong>Lost luggage reimbursement: </strong>You can receive coverage if your luggage and its contents are lost or stolen.</p> <p><strong>Travel and emergency assistance services:</strong> This benefitt provides help coordinating medical, legal, and travel services when you are traveling. The cost of any goods or services is your responsibility.</p> <p><strong>Emergency evacuation and transportation coverage:</strong> If you or a member of your immediate family are injured or become sick during a trip far from home that results in an emergency evacuation, you can be covered for eligible medical services and transportation.</p> <p><strong>Purchase security: </strong>Receive reimbursement of up to $10,000 per claim for repair or replacement if an eligible item purchased with the card is stolen or damaged within 90 days of purchase. </p> <p><strong>Warranty manager service:</strong> This service doubles the time period of the manufacturers’ warranty, up to one additional year, for eligible items purchased with your card. </p> <p><strong>Return protection: </strong>Get reimbursed for the cost of an eligible item of personal property if you are dissatisfied with the item for any reason within 90 days of the purchase and if the retailer will not accept the return. Coverage is limited to $250 per eligible item, up to $1,000 annually..</p> <p><strong>Auto rental collision damage waiver: </strong>Get reimbursed<strong> </strong>for damage to a rental vehicle due to collision or theft. Coverage is supplemental to and in excess of other insurance. You must decline the collision/loss damage waiver offered by the auto rental agency to be covered.</p> <p><strong>Roadside dispatch program:</strong> You get access to a 24/7 on-demand referral dispatch network that provides emergency roadside assistance, towing, and locksmith services.</p> <h2 class="wp-block-heading">Credit cards similar to Bank of America® Premium Rewards card</h2> <p>If you’re shopping around for a rewards card, it’s a good idea to compare similar cards on the market to ensure you’re choosing the one that best fits your spending habits and budget.</p> <figure class="wp-block-table comparison-table-widget selected-1 link-3"><table><thead><tr><th><img alt="The Bank of America® Premium Rewards®." loading="lazy" width="150" height="94" decoding="async" data-nimg="1" style="color:transparent;height:auto;object-fit:cover;width:100%;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 150 94'%3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'/%3E%3CfeComposite operator='out' in='s'/%3E%3CfeComposite in2='SourceGraphic'/%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3C/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='none' style='filter: url(%23b);' href='data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg=='/%3E%3C/svg%3E")" sizes="100vw" srcSet="https://fortune.com/img-assets/wp-content/uploads/2024/11/Recommends_Bank-of-America®-Premium-Rewards®-for-table.jpg?w=320&q=75 320w, https://fortune.com/img-assets/wp-content/uploads/2024/11/Recommends_Bank-of-America®-Premium-Rewards®-for-table.jpg?w=384&q=75 384w, https://fortune.com/img-assets/wp-content/uploads/2024/11/Recommends_Bank-of-America®-Premium-Rewards®-for-table.jpg?w=480&q=75 480w, https://fortune.com/img-assets/wp-content/uploads/2024/11/Recommends_Bank-of-America®-Premium-Rewards®-for-table.jpg?w=576&q=75 576w, https://fortune.com/img-assets/wp-content/uploads/2024/11/Recommends_Bank-of-America®-Premium-Rewards®-for-table.jpg?w=768&q=75 768w, https://fortune.com/img-assets/wp-content/uploads/2024/11/Recommends_Bank-of-America®-Premium-Rewards®-for-table.jpg?w=1024&q=75 1024w, https://fortune.com/img-assets/wp-content/uploads/2024/11/Recommends_Bank-of-America®-Premium-Rewards®-for-table.jpg?w=1280&q=75 1280w, https://fortune.com/img-assets/wp-content/uploads/2024/11/Recommends_Bank-of-America®-Premium-Rewards®-for-table.jpg?w=1440&q=75 1440w" src="https://fortune.com/img-assets/wp-content/uploads/2024/11/Recommends_Bank-of-America®-Premium-Rewards®-for-table.jpg?w=1440&q=75"/><br/>Bank of America® Premium Rewards®</th><th><img alt="The Capital One Venture Rewards Credit Card." loading="lazy" width="150" height="94" decoding="async" data-nimg="1" style="color:transparent;height:auto;object-fit:cover;width:100%;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 150 94'%3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'/%3E%3CfeComposite operator='out' in='s'/%3E%3CfeComposite in2='SourceGraphic'/%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3C/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='none' style='filter: url(%23b);' href='data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg=='/%3E%3C/svg%3E")" sizes="100vw" srcSet="https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Capital-One-Venture-Rewards-Credit-Card-for-table.png?w=320&q=75 320w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Capital-One-Venture-Rewards-Credit-Card-for-table.png?w=384&q=75 384w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Capital-One-Venture-Rewards-Credit-Card-for-table.png?w=480&q=75 480w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Capital-One-Venture-Rewards-Credit-Card-for-table.png?w=576&q=75 576w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Capital-One-Venture-Rewards-Credit-Card-for-table.png?w=768&q=75 768w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Capital-One-Venture-Rewards-Credit-Card-for-table.png?w=1024&q=75 1024w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Capital-One-Venture-Rewards-Credit-Card-for-table.png?w=1280&q=75 1280w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Capital-One-Venture-Rewards-Credit-Card-for-table.png?w=1440&q=75 1440w" src="https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Capital-One-Venture-Rewards-Credit-Card-for-table.png?w=1440&q=75"/><br/>Capital One Venture Rewards Credit Card</th><th><img alt="The Chase Sapphire Preferred card." loading="lazy" width="150" height="94" decoding="async" data-nimg="1" style="color:transparent;height:auto;object-fit:cover;width:100%;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 150 94'%3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'/%3E%3CfeComposite operator='out' in='s'/%3E%3CfeComposite in2='SourceGraphic'/%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3C/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='none' style='filter: url(%23b);' href='data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg=='/%3E%3C/svg%3E")" sizes="100vw" srcSet="https://fortune.com/img-assets/wp-content/uploads/2024/03/Chase-Sapphire-Preferred-e1717696416485.png?w=320&q=75 320w, https://fortune.com/img-assets/wp-content/uploads/2024/03/Chase-Sapphire-Preferred-e1717696416485.png?w=384&q=75 384w, https://fortune.com/img-assets/wp-content/uploads/2024/03/Chase-Sapphire-Preferred-e1717696416485.png?w=480&q=75 480w, https://fortune.com/img-assets/wp-content/uploads/2024/03/Chase-Sapphire-Preferred-e1717696416485.png?w=576&q=75 576w, https://fortune.com/img-assets/wp-content/uploads/2024/03/Chase-Sapphire-Preferred-e1717696416485.png?w=768&q=75 768w, https://fortune.com/img-assets/wp-content/uploads/2024/03/Chase-Sapphire-Preferred-e1717696416485.png?w=1024&q=75 1024w, https://fortune.com/img-assets/wp-content/uploads/2024/03/Chase-Sapphire-Preferred-e1717696416485.png?w=1280&q=75 1280w, https://fortune.com/img-assets/wp-content/uploads/2024/03/Chase-Sapphire-Preferred-e1717696416485.png?w=1440&q=75 1440w" src="https://fortune.com/img-assets/wp-content/uploads/2024/03/Chase-Sapphire-Preferred-e1717696416485.png?w=1440&q=75"/><br/>Chase Sapphire Preferred® Card</th></tr></thead><tbody><tr><td>Annual fee</td><td>Annual fee</td><td>Annual fee</td></tr><tr><td>$95</td><td>$95</td><td>$95</td></tr><tr><td>Rewards</td><td>Rewards</td><td>Rewards</td></tr><tr><td>2 points for every $1 spent on travel and dining purchases<br/>1.5 points for every $1 spent on all other purchases</td><td>5x miles on hotels, vacation rentals and rental cars booked through Capital One Travel<br/>2x miles on every purchase</td><td>5x points on travel purchased through Chase Travel℠ (excluding hotel purchases that qualify for the $50 Annual Chase Travel Hotel Credit)<br/>3x points on dining<br/>1x points on other purchases</td></tr><tr><td>Welcome bonus</td><td>Welcome bonus</td><td>Welcome bonus</td></tr><tr><td>60,000 online bonus points—a $600 value—after you make at least $4,000 in purchases in the first 90 days of account opening</td><td>75,000 miles once you spend $4,000 on purchases within 3 months from account opening</td><td>60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening</td></tr><tr><td>Our Take</td><td>Our Take</td><td>Our Take</td></tr><tr><td>The Bank of America Premium Rewards card makes sense for Bank of America Preferred Rewards members who get outsized rewards. Others will find more rewarding options elsewhere.</td><td>The Venture is a terrific travel card for those who don't want to think about bonus categories and challenging redemption options. You'll earn a solid rewards rate an everything and you'll have your choice whether to redeem your points for travel purchases or to transfer them to hotel or airline partners. </td><td>The Sapphire Preferred offers outsized bang for the buck with an annual hotel credit, bonus earnings on travel and dining. You can redeem points for cash, gift cards or travel, or transfer them to an appealing set of partners. </td></tr><tr><td></td><td><a href="https://www.cardratings.com/bestcards/featured-credit-cards?shnq=3006151&src=692824&var2=3732101" target="_blank" class="sc-93594058-0 fowfrQ redirect" aria-label="Go to https://www.cardratings.com/bestcards/featured-credit-cards?shnq=3006151&src=692824&var2=3732101" rel="noreferrer noopener nofollow" aria-disabled="true">View offer</a><br/>at Cardratings.com</td><td><a href="https://www.cardratings.com/bestcards/featured-credit-cards?shnq=2061159&src=692824&var2=3732101" target="_blank" class="sc-93594058-0 fowfrQ redirect" aria-label="Go to https://www.cardratings.com/bestcards/featured-credit-cards?shnq=2061159&src=692824&var2=3732101" rel="noreferrer noopener nofollow" aria-disabled="true">Learn more</a><br/>at Cardratings.com</td></tr></tbody></table></figure> <h2 class="wp-block-heading">Bank of America® Premium Rewards® vs. Capital One Venture Rewards Credit Card</h2> <p>The Bank of America® Premium Rewards® and Capital One Venture Rewards Credit Card are both travel-focused cards with similar annual fees, but they cater to different types of spenders. The Premium Rewards card offers 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases, while the Venture card provides a straightforward 2x miles on every purchase. The Premium Rewards card shines for Bank of America Preferred Rewards members, who can earn up to 3.5X points on travel and dining and 2.62X points on all other purchases with Platinum Honors status. However, without this boost, the Venture card’s flat 2X rate is more rewarding for general spending.</p> <p>Both cards offer similar travel perks, including up to $100 credit for Global Entry or TSA PreCheck application fees. The Premium Rewards card provides up to $100 in airline incidental credits annually, which can offset its $95 annual fee. The Venture card, while lacking this specific benefit, offers more flexible redemption options, including the ability to transfer miles to travel partners. For those who prefer simplicity and aren’t Bank of America Preferred Rewards members, the Venture card may be more appealing with its straightforward earning and redemption structure. However, for Bank of America customers who qualify for Preferred Rewards status, the Premium Rewards card can potentially offer higher overall value.</p> <h3 class="wp-block-heading">Chase Sapphire Preferred® Card vs. Bank of America Premium Rewards</h3> <p>Another credit card that is a close competitor to the Bank of America® Premium Rewards® card is the <a href="https://fortune.com/recommends/credit-cards/chase-sapphire-preferred-review/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to https://fortune.com/recommends/credit-cards/chase-sapphire-preferred-review/">Chase Sapphire Preferred® Card</a>. Like the Premium Rewards card, the <a href="https://fortune.com/recommends/credit-cards/chase-sapphire-preferred-review/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to https://fortune.com/recommends/credit-cards/chase-sapphire-preferred-review/">Sapphire Preferred</a> card comes with a $95 annual fee. This card offers a lucrative rewards structure of 5x points on travel purchased through Chase Travel℠ (excluding hotel purchases that qualify for the $50 Annual Ultimate Rewards Hotel Credit), 3x points on dining at restaurants, and 2x points on travel purchases. Points are also worth 25% more when redeemed for travel.</p> <h2 class="wp-block-heading">Is the Bank of America Premium Rewards card right for you?</h2> <p>Considering its extensive travel and purchase protections and a robust rewards program, the Premium Rewards card is best suited for those who travel and dine out often, especially members of the Bank of America Preferred Rewards program. With a relatively low annual fee of $95, it can also be a good option for those who want a taste of premium credit card benefits without the high costs usually associated with such cards.</p> <p>Those whose spending doesn’t fit into this profile will probably be happier with a different card—such as one from our list of <a href="https://fortune.com/recommends/credit-cards/best-credit-cards/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to https://fortune.com/recommends/credit-cards/best-credit-cards/">best credit cards for 2024</a>.</p> <h2 class="wp-block-heading">Frequently asked questions</h2> <details class="wp-block-details is-layout-flow wp-block-details-is-layout-flow"><summary><h3>What are the benefits of the Bank of America Premium Rewards card?</h3></summary><p>Benefits of the Bank of America® Premium Rewards® card include cash back on travel and dining spending, a large sign-up bonus, statement credits, travel protections, and more.</p></details> <details class="wp-block-details is-layout-flow wp-block-details-is-layout-flow"><summary><h3>How much are Bank of America premium reward points worth?</h3></summary><p>Points earned with the BofA Premium Rewards card have a value of 1.0 cents per point, regardless of how they’re redeemed.</p></details> <details class="wp-block-details is-layout-flow wp-block-details-is-layout-flow"><summary><h3>Does the Bank of America Premium Rewards card have lounge access?</h3></summary><p>If you’re a Premium Rewards Elite cardholder, you get free unlimited access to more than 1,300 airport lounges worldwide with up to four complimentary Priority Pass™ Select Memberships.</p></details> <hr class="sc-fa0656e5-0 gIAhfJ"/> <p style="font-size:16px"><em>Fortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.</em></p> <p style="font-size:16px"><em>Please note that card details are accurate as of the publish date, but are subject to change at any time at the discretion of the issuer. Please contact the card issuer to verify rates, fees, and benefits before applying.</em></p> <div class="wp-block-group pro-tip-box-widget"><div class="wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained"> <h3 class="wp-block-heading pro-tip-box-heading">Read more</h3> <li>Help your travel dollars go the distance with the <a href="https://fortune.com/recommends/credit-cards/best-travel-credit-cards/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to https://fortune.com/recommends/credit-cards/best-travel-credit-cards/">best travel credit cards</a>.</li> <li>The <a href="https://fortune.com/recommends/credit-cards/best-airline-credit-cards/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to https://fortune.com/recommends/credit-cards/best-airline-credit-cards/">best airline credit cards</a> help stretch your flight budget farther.</li> <li>Earn free nights and other hotel perks with the <a href="https://fortune.com/recommends/credit-cards/best-hotel-credit-cards/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to https://fortune.com/recommends/credit-cards/best-hotel-credit-cards/">best hotel credit cards</a>.</li> <li>Love to travel? Check out our list of the <a href="https://fortune.com/recommends/credit-cards/best-no-annual-fee-travel-credit-cards/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to https://fortune.com/recommends/credit-cards/best-no-annual-fee-travel-credit-cards/">best no-annual-fee travel credit cards</a>.</li> <li>Find credit cards that grant you <a href="https://fortune.com/recommends/credit-cards/best-credit-cards-for-cheap-airport-lounge-access/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to https://fortune.com/recommends/credit-cards/best-credit-cards-for-cheap-airport-lounge-access/">cheap airline lounge access</a>.</li> <li>Roadwarriors should check out our list of the <a href="https://fortune.com/recommends/credit-cards/best-hotel-credit-cards-for-free-nights/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to https://fortune.com/recommends/credit-cards/best-hotel-credit-cards-for-free-nights/">best hotel credit cards for free nights</a>.</li> </div></div></div><div class="sc-30bdb254-0 kxagCu evergreen" data-cy="subscriptionPlea"><p>Follow Fortune Recommends on <a href="https://www.facebook.com/fortunerecommends" target="_blank" class="sc-93594058-0 fowfrQ c-link " aria-label="Go to https://www.facebook.com/fortunerecommends" rel="noopener noreferrer" data-stringify-link="https://www.facebook.com/fortunerecommends" data-sk="tooltip_parent">Facebook</a> and <a href="https://twitter.com/fortunerecs" target="_blank" class="sc-93594058-0 fowfrQ c-link " aria-label="Go to https://twitter.com/fortunerecs" rel="noopener noreferrer" data-stringify-link="https://twitter.com/fortunerecs" data-sk="tooltip_parent">Twitter</a>.</p></div></div></div><div class="sc-762dcccc-20 ilGjcf"><h4 class="sc-3358ecfd-0 fwBYux">About the contributors</h4><div class="sc-3be47025-11 fcFEKV author-bio"><div class="sc-3be47025-7 fVPgCt"><a href="https://fortune.com/author/dia-adams/" target="_self" class="sc-93594058-0 fowfrQ "><img alt="" loading="lazy" width="0" height="0" decoding="async" data-nimg="1" class="sc-3be47025-0 hgyqdh" style="color:transparent;height:auto;object-fit:cover;width:100%;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' %3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'/%3E%3CfeComposite operator='out' in='s'/%3E%3CfeComposite in2='SourceGraphic'/%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3C/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='xMidYMid slice' style='filter: url(%23b);' href='data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg=='/%3E%3C/svg%3E")" sizes="100vw" srcSet="https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=320&q=75 320w, https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=384&q=75 384w, https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=480&q=75 480w, https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=576&q=75 576w, https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=768&q=75 768w, https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=1024&q=75 1024w, https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=1280&q=75 1280w, https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=1440&q=75 1440w" src="https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=1440&q=75"/></a><div class="sc-3be47025-8 gXfXEH"><a href="https://fortune.com/author/dia-adams/" target="_self" class="sc-93594058-0 fowfrQ "><span class="sc-3be47025-1 juJQCL">Dia Adams</span></a><span class="sc-3be47025-2 eSlZzo">Senior Editor, Credit Cards</span></div></div><span class="sc-3be47025-5 fQLsjx"><p><span style="font-weight:400">Dia Adams is the senior editor leading the credit cards team at Fortune Recommends. Previously, Dia was a managing editor on the credit cards and travel rewards team at Forbes Advisor. She has been featured on national television, radio, print, and online media as an expert in the realms of credit cards, points and miles, Disney and family travel. </span></p></span><div class="sc-3be47025-10 bmAuQp"><ul class="sc-f8fcf8ba-2 fgxESO"><li class="sc-f8fcf8ba-3 giFAMX"><a href="https://www.linkedin.com/in/dia-adams/" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to our linkedin profile"><svg width="24" height="24" aria-hidden="true" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M3.51562 0H20.4844C22.4227 0 24 1.57727 24 3.51562V20.4844C24 22.4227 22.4227 24 20.4844 24H3.51562C1.57727 24 0 22.4227 0 20.4844V3.51562C0 1.57727 1.57727 0 3.51562 0ZM5.67188 19.0312H8.48438V9.1875H5.67188V19.0312ZM8.48438 7.78125H5.67188V4.96875H8.48438V7.78125ZM15.5156 19.0312H18.3281V12.9229C18.3281 10.9006 16.7199 9.18951 14.8125 9.1875C14.1595 9.1875 13.7281 9.34814 13.2557 9.52402C13.0815 9.5889 12.9017 9.65586 12.7031 9.71759V9.1875H9.89062V19.0312H12.7031V13.4062C12.7031 12.631 13.3341 12 14.1094 12C14.8846 12 15.5156 12.631 15.5156 13.4062V19.0312Z"></path></svg></a></li><li class="sc-f8fcf8ba-3 giFAMX"><a href="https://twitter.com/TheDiaAdams" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to our twitter profile"><svg xmlns="http://www.w3.org/2000/svg" width="24" height="22" aria-hidden="true" viewBox="0 0 24 22" class="social-icon"><path d="M18.901 0.15332H22.581L14.541 9.34332L24 21.8463H16.594L10.794 14.2623L4.156 21.8463H0.474L9.074 12.0163L0 0.15432H7.594L12.837 7.08632L18.901 0.15332ZM17.61 19.6443H19.649L6.486 2.24032H4.298L17.61 19.6443Z"></path></svg></a></li></ul><a href="https://fortune.com/author/dia-adams/" target="_self" class="sc-93594058-0 dukcnE sc-3be47025-6 iBZmKE styled-custom-link ">SEE FULL BIO</a></div></div><div class="sc-3be47025-11 fcFEKV author-bio"><div class="sc-3be47025-7 fVPgCt"><a href="https://fortune.com/author/glen-flanagan/" target="_self" class="sc-93594058-0 fowfrQ "><img alt="" loading="lazy" width="0" height="0" decoding="async" data-nimg="1" class="sc-3be47025-0 hgyqdh" style="color:transparent;height:auto;object-fit:cover;width:100%;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url("data:image/svg+xml;charset=utf-8,%3Csvg xmlns='http://www.w3.org/2000/svg' %3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'/%3E%3CfeComposite operator='out' in='s'/%3E%3CfeComposite in2='SourceGraphic'/%3E%3CfeGaussianBlur stdDeviation='20'/%3E%3C/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='xMidYMid slice' style='filter: url(%23b);' href='data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAADUlEQVR42mO8fv1mPQAIHAMIsIR6agAAAABJRU5ErkJggg=='/%3E%3C/svg%3E")" sizes="100vw" srcSet="https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=320&q=75 320w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=384&q=75 384w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=480&q=75 480w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=576&q=75 576w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=768&q=75 768w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=1024&q=75 1024w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=1280&q=75 1280w, https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=1440&q=75 1440w" src="https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=1440&q=75"/></a><div class="sc-3be47025-8 gXfXEH"><a href="https://fortune.com/author/glen-flanagan/" target="_self" class="sc-93594058-0 fowfrQ "><span class="sc-3be47025-1 juJQCL">Glen Luke Flanagan</span></a><span class="sc-3be47025-2 eSlZzo">Deputy Editor, Credit Cards & Mortgage</span></div></div><span class="sc-3be47025-5 fQLsjx"><p><span style="font-weight:400">Glen Luke Flanagan is a deputy editor at Fortune Recommends who focuses on mortgage and credit card content. His prior roles include deputy editor positions at USA TODAY Blueprint and Forbes Advisor, as well as senior writer at LendingTree—all focused on credit card rewards, credit scores, and related topics. </span></p></span><div class="sc-3be47025-10 bmAuQp"><ul class="sc-f8fcf8ba-2 fgxESO"><li class="sc-f8fcf8ba-3 giFAMX"><a href="https://www.linkedin.com/in/glenlukeflanagan" target="_self" class="sc-93594058-0 fowfrQ " aria-label="Go to our linkedin profile"><svg width="24" height="24" aria-hidden="true" viewBox="0 0 24 24" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M3.51562 0H20.4844C22.4227 0 24 1.57727 24 3.51562V20.4844C24 22.4227 22.4227 24 20.4844 24H3.51562C1.57727 24 0 22.4227 0 20.4844V3.51562C0 1.57727 1.57727 0 3.51562 0ZM5.67188 19.0312H8.48438V9.1875H5.67188V19.0312ZM8.48438 7.78125H5.67188V4.96875H8.48438V7.78125ZM15.5156 19.0312H18.3281V12.9229C18.3281 10.9006 16.7199 9.18951 14.8125 9.1875C14.1595 9.1875 13.7281 9.34814 13.2557 9.52402C13.0815 9.5889 12.9017 9.65586 12.7031 9.71759V9.1875H9.89062V19.0312H12.7031V13.4062C12.7031 12.631 13.3341 12 14.1094 12C14.8846 12 15.5156 12.631 15.5156 13.4062V19.0312Z"></path></svg></a></li></ul><a href="https://fortune.com/author/glen-flanagan/" target="_self" class="sc-93594058-0 dukcnE sc-3be47025-6 iBZmKE styled-custom-link ">SEE FULL BIO</a></div></div></div><p>EDITORIAL DISCLOSURE<em>: The advice, opinions, or rankings contained in this article are solely those of the Fortune Recommends</em>™<em> <!-- -->editorial team. This content has not been reviewed or endorsed by any of our affiliate partners or other third parties.</em></p></div><div class="sc-762dcccc-17 hVmGxe"><div class="sc-e7bcd642-2 jhQdLF"><h2 class="sc-3358ecfd-0 sc-e7bcd642-0 lbOvVG dvmNGh">Top Articles</h2><div data-cy="top-articles" class="sc-e7bcd642-1 dIxVVV"><div data-cy="article-card-wrapper" class="sc-c9c5992f-2 sc-c9c5992f-4 dOBzQA hCIDYx"><a href="https://fortune.com/recommends/credit-cards/ihg-one-rewards-traveler-card-review/?itm_source=parsely-api" target="_self" class="sc-93594058-0 sNmfm card-image styled-custom-link " data-cy="article-image-link"><img alt="IHG One Rewards Traveler card review: An excellent hotel rewards card, outshone only by its sibling, the Premier." data-cy="article-card-image" loading="lazy" width="300" height="300" decoding="async" data-nimg="1" class="image-link" style="color:transparent;height:auto;object-fit:cover;width:100%;background-size:cover;background-position:50% 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We earn a commission for purchases made from affiliate partners via some links on our site; other links are not affiliate partner links. \u003ca href='/advertiser-disclosure/'\u003eClick here\u003c/a\u003e to read the full Fortune Recommends advertiser disclosure and how we earn commissions. \u003ca href='/about-recommends/'\u003eClick here\u003c/a\u003e to read about our editorial policies and our methodologies.","shortText":"Fortune Recommends™ is editorially independent. We may earn affiliate revenue from links in this content."},"progressBar":true,"templateType":"default"},"mostPopular":[{"authors":[{"name":"Chris Butsch","uri":"/author/chris-butsch","__typename":"MostPopularAuthors","email":"","image":"","sameAs":"","type":"","url":"/author/chris-butsch/"}],"contentType":null,"date":"2024-02-07T14:13:12","dateFormatted":"February 7, 2024","dateGMT":"2024-10-23T17:59:15","dateGMTFormatted":"October 23, 2024","dateUpdated":"2024-11-26T09:36:44","dateUpdatedFormatted":"November 26, 2024","dateUpdatedGMT":"2024-11-26T14:36:44","dateUpdatedGMTFormatted":"November 26, 2024","excerpt":"IHG One Rewards Traveler card review: An excellent hotel rewards card with a hefty welcome bonus, outshone only by its big brother, the Premier.","eyebrowSectionLabel":"Credit Cards","eyebrowSectionLink":"/section/credit-cards","eyebrowTagLabel":"","eyebrowTagLink":"","image":{"altText":"","caption":"","mediaItemUrl":"https://content.fortune.com/wp-content/uploads/2024/01/Recommends_IHG-One-Rewards-Traveler-Credit-Card-.jpg"},"title":"IHG One Rewards Traveler card review: An excellent hotel rewards card, outshone only by its sibling, the Premier.","titleLink":"https://fortune.com/recommends/credit-cards/ihg-one-rewards-traveler-card-review/?itm_source=parsely-api"},{"authors":[{"name":"Ben Luthi","uri":"/author/ben-luthi","__typename":"MostPopularAuthors","email":"","image":"","sameAs":"","type":"","url":"/author/ben-luthi/"}],"contentType":null,"date":"2024-04-23T20:17:10","dateFormatted":"April 23, 2024","dateGMT":"2024-04-23T20:17:10","dateGMTFormatted":"April 23, 2024","dateUpdated":"2024-11-22T12:26:18","dateUpdatedFormatted":"November 22, 2024","dateUpdatedGMT":"2024-11-22T17:26:18","dateUpdatedGMTFormatted":"November 22, 2024","excerpt":"We compared dozens of credit cards to find the best credit cards for 2024. \r\n","eyebrowSectionLabel":"Credit Cards","eyebrowSectionLink":"/section/credit-cards","eyebrowTagLabel":"","eyebrowTagLink":"","image":{"altText":"","caption":"","mediaItemUrl":"https://fortune.com/img-assets/wp-content/uploads/2024/02/GettyImages-134119689-e1708622751371.jpg"},"title":"11 best credit cards: Earn rewards, elevate your travels, or save on interest","titleLink":"https://fortune.com/recommends/credit-cards/best-credit-cards/?itm_source=parsely-api"},{"authors":[{"name":"Ben Luthi","uri":"/author/ben-luthi","__typename":"MostPopularAuthors","email":"","image":"","sameAs":"","type":"","url":"/author/ben-luthi/"}],"contentType":null,"date":"2024-02-28T20:20:35","dateFormatted":"February 28, 2024","dateGMT":"2024-07-25T14:40:07","dateGMTFormatted":"July 25, 2024","dateUpdated":"2024-11-21T15:27:14","dateUpdatedFormatted":"November 21, 2024","dateUpdatedGMT":"2024-11-21T20:27:14","dateUpdatedGMTFormatted":"November 21, 2024","excerpt":"We analyzed more than 50 cards to find the best travel credit cards.","eyebrowSectionLabel":"Credit Cards","eyebrowSectionLink":"/section/credit-cards","eyebrowTagLabel":"","eyebrowTagLink":"","image":{"altText":"","caption":"","mediaItemUrl":"https://fortune.com/img-assets/wp-content/uploads/2023/11/GettyImages-1255431817-e1699977652375.jpg"},"title":"Best travel credit cards of March 2024","titleLink":"https://fortune.com/recommends/credit-cards/best-travel-credit-cards/?itm_source=parsely-api"}],"subdomain":"recommends","footer":{"footerDisclaimer":"\u003cp\u003e© 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our \u003ca href=\"https://fortune.com/terms-of-use/\"\u003eTerms of Use\u003c/a\u003e and \u003ca href=\"https://fortune.com/privacy-policy/\"\u003ePrivacy Policy\u003c/a\u003e | \u003ca href=\"/california-privacy-policy/#notice\"\u003eCA Notice at Collection and Privacy Notice\u003c/a\u003e | \u003ca href=\"javascript:Optanon.ToggleInfoDisplay();\" target=\"_self\"\u003eDo Not Sell/Share My Personal Information\u003c/a\u003e\u003cbr /\u003e\nFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. 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1"},{"links":[{"__typename":"MenuItem","label":"Fortune Brand Studio","url":"https://customcontentonline.com/"},{"__typename":"MenuItem","label":"Fortune Analytics","url":"https://fortune.com/analytics"},{"__typename":"MenuItem","label":"Fortune Conferences","url":"https://fortuneconferences.com"},{"__typename":"MenuItem","label":"Advertising","url":"https://fortunemediakit.com/"},{"__typename":"MenuItem","label":"Business Development","url":"https://fortune.com/business-development/"}],"name":"Footer Commercial Services 1"},{"links":[{"__typename":"MenuItem","label":"About Us","url":"/about-us/"},{"__typename":"MenuItem","label":"Editorial Calendar","url":"https://fortune.com/editorial-calendar/"},{"__typename":"MenuItem","label":"Press Center","url":"https://fortune.com/press-center/"},{"__typename":"MenuItem","label":"Work at Fortune","url":"https://boards.greenhouse.io/fortune/"},{"__typename":"MenuItem","label":"Diversity and Inclusion","url":"https://fortune.com/workplace/diversity-inclusion"},{"__typename":"MenuItem","label":"Terms and Conditions","url":"/terms-of-use/"},{"__typename":"MenuItem","label":"Site Map","url":"/sitemap/"}],"name":"Footer About 1"}],"socialList":[{"type":"facebook","url":"https://www.facebook.com/FortuneMagazine/"},{"type":"twitter","url":"https://twitter.com/FortuneMagazine/"},{"type":"linkedin","url":"https://www.linkedin.com/company/fortune-magazine/"},{"type":"instagram","url":"https://www.instagram.com/fortunemag/"},{"type":"pinterest","url":"https://www.pinterest.com/fortunemagazine/"}]},"article":{"adTags":[{"adtagname":"cat_Travel","description":null,"slug":"cat-travel"},{"adtagname":"High Intent","description":null,"slug":"high-intent"},{"adtagname":"ptype_Review","description":null,"slug":"ptype-review"}],"audienceDek":"Get 2% back—or more—plus premium travel benefits for a low annual fee.","authorNames":["Dia Adams"],"authors":[{"email":"dia.adams@fortune.com","image":"https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=150","name":"Dia Adams","sameAs":"","type":"Person","uri":"/author/dia-adams/","url":"https://fortune.com/author/dia-adams/","role":"Senior Editor, Credit Cards","funFactHeader":"","funFactValue":"","social":{"instaUrl":"","linkedinUrl":"https://www.linkedin.com/in/dia-adams/","twitterUrl":"https://twitter.com/TheDiaAdams","__typename":"AuthorSocialUrlsFields"},"shortIntro":"\u003cp\u003e\u003cspan style=\"font-weight: 400\"\u003eDia Adams is the senior editor leading the credit cards team at Fortune Recommends. Previously, Dia was a managing editor on the credit cards and travel rewards team at Forbes Advisor. She has been featured on national television, radio, print, and online media as an expert in the realms of credit cards, points and miles, Disney and family travel. \u003c/span\u003e\u003c/p\u003e\n","__typename":"Co-authors"}],"breadcrumbs":{"items":[{"label":"PERSONAL FINANCE","link":"https://fortune.com/recommends/personal-finance/"},{"label":"CREDIT CARDS","link":"/recommends/credit-cards/"},{"label":"BANK OF AMERICA® PREMIUM REWARDS® REVIEW: A GREAT TRAVEL AND DINING CASH BACK CARD","link":""}]},"bypassPaywall":{"postBypassLinkEnabled":"","postBypassLinkUnique":""},"canonicalUrl":null,"channel":"Credit Cards","content":"\u003cp style=\"font-size:16px\"\u003e\u003cem\u003eFortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhy we like this card: \u003c/strong\u003eThe\u003cstrong\u003e \u003c/strong\u003eBank of America® Premium Rewards® card is a feature-rich \u003ca href=\"https://fortune.com/recommends/credit-cards/best-travel-credit-cards/\"\u003etravel credit card\u003c/a\u003e with perks and rewards that frequent flyers and foodies will appreciate.\u003c/p\u003e\u003cdiv class=\"paywall-selector\"\u003e\u003c/div\u003e\u003cdiv class=\"paywall\"\u003e\n\n\n\u003cp\u003e\u003cstyle\u003eN/A\u003c/style\u003e\n\u003c/p\u003e\n\u003cdiv class=\"pros_cons\"\u003e\n\u003cdiv\u003e\n\u003ch3\u003ePros\u003c/h3\u003e\n\u003cul\u003e\n\u003cli\u003eLarge sign-up bonus\u003c/li\u003e\n\u003cli\u003eNo foreign transaction fee\u003c/li\u003e\n\u003cli\u003ePreferred Rewards members can earn 25%–75% more cash back\u003c/li\u003e\n\u003c/ul\u003e\n\u003c/div\u003e\n\u003cdiv\u003e\n\u003ch3\u003eCons\u003c/h3\u003e\n\u003cul\u003e\n\u003cli\u003eHas an annual fee\u003c/li\u003e\n\u003cli\u003eNo introductory APR\u003c/li\u003e\n\u003c/ul\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eBank of America® Premium Rewards card: Overview\u003c/h2\u003e\n\n\n\n\u003cp\u003eOne of the key attractions of the Bank of America® Premium Rewards® card is its rewards program: Cardholders earn 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases. There’s no limit to the number of points you can earn, and points don\u0026#8217;t expire. Additionally, cardholders who are enrolled in the Bank of America Preferred Rewards program can earn even more points: up to 3.5 points per $1 spent on travel and dining and up to 2.62 points per $1 spent on all other purchases.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe card also offers a range of travel-related benefits and protections, making it particularly appealing for frequent travelers. These include reimbursement for TSA PreCheck or Global Entry membership fees, up to $100 in an annual airline incidental credit, trip cancellation/interruption insurance, baggage protection, and more. Cardholders also enjoy Priority Pass lounge access and no foreign transaction fees..\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eBank of America Premium Rewards Card: Rewards\u0026nbsp;\u003c/h2\u003e\n\n\n\n\u003cp\u003eThe Premium Rewards card offers a straightforward rewards structure:\u003c/p\u003e\n\n\n\n\u003cul\u003e\n\u003cli\u003e2 points per $1 spent on travel purchases\u003c/li\u003e\n\n\n\n\u003cli\u003e2 points per $1 spent on dining purchases\u003c/li\u003e\n\n\n\n\u003cli\u003e1.5 points for every $1 spent on all other purchases\u003c/li\u003e\n\u003c/ul\u003e\n\n\n\n\u003cp\u003eAdditionally, Preferred Rewards members can earn 25%–75% more points on every purchase. This translates to earning 2.5 to 3.5 points on travel and dining purchases and 1.87 to 2.62 points on all other purchases, for every $1 spent.\u003c/p\u003e\n\n\n\n\u003cp\u003eNew cardholders also have the opportunity to earn 60,000 online bonus points—a $600 value—after you make at least $4,000 in purchases in the first 90 days of account opening.\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eHow to redeem Bank of America Premium Rewards points\u003c/h2\u003e\n\n\n\n\u003cp\u003ePremium Rewards cardholders have a several options for redeeming points:\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003ch3 class=\"wp-block-heading\"\u003eTravel Rewards\u003c/h3\u003e\n\n\n\n\u003cp\u003ePoints can be redeemed for airline travel, car rentals, and hotel stays through the Bank of America Travel Center, by going to the site or by calling the number on the back of your card. Travel reward redemptions start at 2,500 points.\u003c/p\u003e\n\n\n\n\u003ch3 class=\"wp-block-heading\"\u003eCash Rewards\u003c/h3\u003e\n\n\n\n\u003cp\u003eYou can also choose to receive your points as cash back (note that cash rewards redemptions start at 2,500 points). There are a few ways to go about this:\u003c/p\u003e\n\n\n\n\u003cul\u003e\n\u003cli\u003eGet a statement credit of any amount\u003c/li\u003e\n\n\n\n\u003cli\u003eHave cash back direct deposit into an eligible Bank of America account\u003c/li\u003e\n\n\n\n\u003cli\u003eReceive a credit to an eligible Merrill account account\u0026nbsp;\u003c/li\u003e\n\n\n\n\u003cli\u003eHave a check mailed to you\u0026nbsp;\u003c/li\u003e\n\n\n\n\u003cli\u003eMake a contribution to a 529 account with Merrill\u0026nbsp;\u003c/li\u003e\n\u003c/ul\u003e\n\n\n\n\u003cp\u003eYou can also choose to set up automatic redemptions to either a Bank of America or a Merrill account, starting at $25 in rewards. (Statement credits, checks, and contributions into a 529 account are not eligible for automatic redemption.)\u003c/p\u003e\n\n\n\n\u003ch3 class=\"wp-block-heading\"\u003eGift Card Rewards\u0026nbsp;\u003c/h3\u003e\n\n\n\n\u003cp\u003eAnother option is to use your points for gift cards from a variety of retailers. Browse the Bank of America site to see up-to-date gift card options, which are updated regularly.\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eAdditional benefits\u003c/h2\u003e\n\n\n\n\u003cp\u003eThe card comes with the following premium benefits:\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eAirline incidental statement credit:\u003c/strong\u003e Get up to $100 in statement credits each year for qualifying purchases, such as seat upgrades, baggage fees, in-flight services, and airline lounge fees. Credits are automatically applied to your card statement\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eAirport security statement credit: \u003c/strong\u003eGet up to $100 for TSA PreCheck® or Global Entry application fees, every four years.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eTrip delay reimbursement:\u003c/strong\u003e If a trip is delayed due to a covered hazard for more than 12 hours, you and your eligible family members can receive up to $500 per ticket purchased to cover reasonable expenses.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eTrip cancellation/interruption reimbursement:\u003c/strong\u003e if your trip is canceled or cut short due to illness or another covered situation, you can receive up to $2,500 for non-refundable passenger fares.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eBaggage delay reimbursement:\u003c/strong\u003e Get reimbursed up to $100 per day, up to five days, if your bags are delayed or misdirected by a common carrier for more than six hours for essential items. Note that this coverage is secondary to the common carrier.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eLost luggage reimbursement: \u003c/strong\u003eYou can receive coverage if your luggage and its contents are lost or stolen.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eTravel and emergency assistance services:\u003c/strong\u003e This benefitt provides help coordinating medical, legal, and travel services when you are traveling. The cost of any goods or services is your responsibility.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eEmergency evacuation and transportation coverage:\u003c/strong\u003e If you or a member of your immediate family are injured or become sick during a trip far from home that results in an emergency evacuation, you can be covered for eligible medical services and transportation.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePurchase security: \u003c/strong\u003eReceive reimbursement of up to $10,000 per claim for repair or replacement if an eligible item purchased with the card is stolen or damaged within 90 days of purchase.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWarranty manager service:\u003c/strong\u003e This service doubles the time period of the manufacturers\u0026#8217; warranty, up to one additional year, for eligible items purchased with your card.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eReturn protection: \u003c/strong\u003eGet reimbursed for the cost of an eligible item of personal property if you are dissatisfied with the item for any reason within 90 days of the purchase and if the retailer will not accept the return. Coverage is limited to $250 per eligible item, up to $1,000 annually..\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eAuto rental collision damage waiver: \u003c/strong\u003eGet reimbursed\u003cstrong\u003e \u003c/strong\u003efor damage to a rental vehicle due to collision or theft. Coverage is supplemental to and in excess of other insurance. You must decline the collision/loss damage waiver offered by the auto rental agency to be covered.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eRoadside dispatch program:\u003c/strong\u003e You get access to a 24/7 on-demand referral dispatch network that provides emergency roadside assistance, towing, and locksmith services.\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eCredit cards similar to Bank of America® Premium Rewards card\u003c/h2\u003e\n\n\n\n\u003cp\u003eIf you’re shopping around for a rewards card, it’s a good idea to compare similar cards on the market to ensure you’re choosing the one that best fits your spending habits and budget.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-table comparison-table-widget selected-1 link-3\"\u003e\u003ctable\u003e\u003cthead\u003e\u003ctr\u003e\u003cth\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"94\" class=\"wp-image-4076371\" style=\"width: 150px;\" src=\"https://fortune.com/img-assets/wp-content/uploads/2024/11/Recommends_Bank-of-America®-Premium-Rewards®-for-table.jpg\" alt=\"The Bank of America® Premium Rewards®.\"\u003e\u003cbr\u003eBank of America® Premium Rewards®\u003c/th\u003e\u003cth\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"94\" class=\"wp-image-4051071\" style=\"width: 150px;\" src=\"https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Capital-One-Venture-Rewards-Credit-Card-for-table.png\" alt=\"The Capital One Venture Rewards Credit Card.\"\u003e\u003cbr\u003eCapital One Venture Rewards Credit Card\u003c/th\u003e\u003cth\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"94\" class=\"wp-image-3836333\" style=\"width: 150px;\" src=\"https://fortune.com/img-assets/wp-content/uploads/2024/03/Chase-Sapphire-Preferred-e1717696416485.png\" alt=\"The Chase Sapphire Preferred card.\"\u003e\u003cbr\u003eChase Sapphire Preferred® Card\u003c/th\u003e\u003c/tr\u003e\u003c/thead\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003eAnnual fee\u003c/td\u003e\u003ctd\u003eAnnual fee\u003c/td\u003e\u003ctd\u003eAnnual fee\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e$95\u003c/td\u003e\u003ctd\u003e$95\u003c/td\u003e\u003ctd\u003e$95\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003eRewards\u003c/td\u003e\u003ctd\u003eRewards\u003c/td\u003e\u003ctd\u003eRewards\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e2 points for every $1 spent on travel and dining purchases\u003cbr\u003e1.5 points for every $1 spent on all other purchases\u003c/td\u003e\u003ctd\u003e5x miles on hotels, vacation rentals and rental cars booked through Capital One Travel\u003cbr\u003e2x miles on every purchase\u003c/td\u003e\u003ctd\u003e5x points on travel purchased through Chase Travel℠ (excluding hotel purchases that qualify for the $50 Annual Chase Travel Hotel Credit)\u003cbr\u003e3x points on dining\u003cbr\u003e1x points on other purchases\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003eWelcome bonus\u003c/td\u003e\u003ctd\u003eWelcome bonus\u003c/td\u003e\u003ctd\u003eWelcome bonus\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e60,000 online bonus points—a $600 value—after you make at least $4,000 in purchases in the first 90 days of account opening\u003c/td\u003e\u003ctd\u003e75,000 miles once you spend $4,000 on purchases within 3 months from account opening\u003c/td\u003e\u003ctd\u003e60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003eOur Take\u003c/td\u003e\u003ctd\u003eOur Take\u003c/td\u003e\u003ctd\u003eOur Take\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003eThe Bank of America Premium Rewards card makes sense for Bank of America Preferred Rewards members who get outsized rewards. Others will find more rewarding options elsewhere.\u003c/td\u003e\u003ctd\u003eThe Venture is a terrific travel card for those who don't want to think about bonus categories and challenging redemption options. You'll earn a solid rewards rate an everything and you'll have your choice whether to redeem your points for travel purchases or to transfer them to hotel or airline partners. \u003c/td\u003e\u003ctd\u003eThe Sapphire Preferred offers outsized bang for the buck with an annual hotel credit, bonus earnings on travel and dining. You can redeem points for cash, gift cards or travel, or transfer them to an appealing set of partners. \u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003c/td\u003e\u003ctd\u003e\u003ca href=\"https://www.cardratings.com/bestcards/featured-credit-cards?shnq=3006151\u0026amp;src=692824\u0026amp;var2=3732101\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"\u003eView offer\u003c/a\u003e\u003cbr\u003eat Cardratings.com\u003c/td\u003e\u003ctd\u003e\u003ca href=\"https://www.cardratings.com/bestcards/featured-credit-cards?shnq=2061159\u0026amp;src=692824\u0026amp;var2=3732101\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"\u003eLearn more\u003c/a\u003e\u003cbr\u003eat Cardratings.com\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003c/figure\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eBank of America® Premium Rewards® vs. Capital One Venture Rewards Credit Card\u003c/h2\u003e\n\n\n\n\u003cp\u003eThe Bank of America® Premium Rewards® and Capital One Venture Rewards Credit Card are both travel-focused cards with similar annual fees, but they cater to different types of spenders. The Premium Rewards card offers 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases, while the Venture card provides a straightforward 2x miles on every purchase. The Premium Rewards card shines for Bank of America Preferred Rewards members, who can earn up to 3.5X points on travel and dining and 2.62X points on all other purchases with Platinum Honors status. However, without this boost, the Venture card\u0026#8217;s flat 2X rate is more rewarding for general spending.\u003c/p\u003e\n\n\n\n\u003cp\u003eBoth cards offer similar travel perks, including up to $100 credit for Global Entry or TSA PreCheck application fees. The Premium Rewards card provides up to $100 in airline incidental credits annually, which can offset its $95 annual fee. The Venture card, while lacking this specific benefit, offers more flexible redemption options, including the ability to transfer miles to travel partners. For those who prefer simplicity and aren\u0026#8217;t Bank of America Preferred Rewards members, the Venture card may be more appealing with its straightforward earning and redemption structure. However, for Bank of America customers who qualify for Preferred Rewards status, the Premium Rewards card can potentially offer higher overall value.\u003c/p\u003e\n\n\n\n\u003ch3 class=\"wp-block-heading\"\u003eChase Sapphire Preferred® Card vs. Bank of America Premium Rewards\u003c/h3\u003e\n\n\n\n\u003cp\u003eAnother credit card that is a close competitor to the Bank of America® Premium Rewards® card is the \u003ca href=\"https://fortune.com/recommends/credit-cards/chase-sapphire-preferred-review/\"\u003eChase Sapphire Preferred® Card\u003c/a\u003e. Like the Premium Rewards card, the \u003ca href=\"https://fortune.com/recommends/credit-cards/chase-sapphire-preferred-review/\"\u003eSapphire Preferred\u003c/a\u003e card comes with a $95 annual fee. This card offers a lucrative rewards structure of 5x points on travel purchased through Chase Travel℠ (excluding hotel purchases that qualify for the $50 Annual Ultimate Rewards Hotel Credit), 3x points on dining at restaurants, and 2x points on travel purchases. Points are also worth 25% more when redeemed for travel.\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eIs the Bank of America Premium Rewards card right for you?\u003c/h2\u003e\n\n\n\n\u003cp\u003eConsidering its extensive travel and purchase protections and a robust rewards program, the Premium Rewards card is best suited for those who travel and dine out often, especially members of the Bank of America Preferred Rewards program. With a relatively low annual fee of $95, it can also be a good option for those who want a taste of premium credit card benefits without the high costs usually associated with such cards.\u003c/p\u003e\n\n\n\n\u003cp\u003eThose whose spending doesn\u0026#8217;t fit into this profile will probably be happier with a different card—such as one from our list of \u003ca href=\"https://fortune.com/recommends/credit-cards/best-credit-cards/\"\u003ebest credit cards for 2024\u003c/a\u003e.\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eFrequently asked questions\u003c/h2\u003e\n\n\n\n\u003cdetails class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"\u003e\u003csummary\u003eWhat are the benefits of the Bank of America Premium Rewards card?\u003c/summary\u003e\n\u003cp\u003eBenefits of the Bank of America® Premium Rewards® card include cash back on travel and dining spending, a large sign-up bonus, statement credits, travel protections, and more.\u003c/p\u003e\n\u003c/details\u003e\n\n\n\n\u003cdetails class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"\u003e\u003csummary\u003eHow much are Bank of America premium reward points worth?\u003c/summary\u003e\n\u003cp\u003ePoints earned with the BofA Premium Rewards card have a value of 1.0 cents per point, regardless of how they’re redeemed.\u003c/p\u003e\n\u003c/details\u003e\n\n\n\n\u003cdetails class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"\u003e\u003csummary\u003eDoes the Bank of America Premium Rewards card have lounge access?\u003c/summary\u003e\n\u003cp\u003eIf you’re a Premium Rewards Elite cardholder, you get free unlimited access to more than 1,300 airport lounges worldwide with up to four complimentary Priority Pass™ Select Memberships.\u003c/p\u003e\n\u003c/details\u003e\n\n\n\n\u003chr class=\"wp-block-separator has-alpha-channel-opacity\"/\u003e\n\n\n\n\u003cp style=\"font-size:16px\"\u003e\u003cem\u003eFortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp style=\"font-size:16px\"\u003e\u003cem\u003ePlease note that card details are accurate as of the publish date, but are subject to change at any time at the discretion of the issuer. Please contact the card issuer to verify rates, fees, and benefits before applying.\u003c/em\u003e\u003c/p\u003e\n\n\n\r\n\u003cdiv class=\"wp-block-group pro-tip-box-widget\"\u003e\u003cdiv class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\"\u003e\r\n\u003ch3 class=\"wp-block-heading pro-tip-box-heading\"\u003eRead more\u003c/h3\u003e\r\n\r\n\r\n\r\n\r\n\r\n\r\n\u003cli\u003eHelp your travel dollars go the distance with the \u003ca href=\"https://fortune.com/recommends/credit-cards/best-travel-credit-cards/\"\u003ebest travel credit cards\u003c/a\u003e.\u003c/li\u003e\r\n\r\n\r\n\r\n\u003cli\u003eThe \u003ca href=\"https://fortune.com/recommends/credit-cards/best-airline-credit-cards/\"\u003ebest airline credit cards\u003c/a\u003e help stretch your flight budget farther.\u003c/li\u003e\r\n\r\n\r\n\r\n\u003cli\u003eEarn free nights and other hotel perks with the \u003ca href=\"https://fortune.com/recommends/credit-cards/best-hotel-credit-cards/\"\u003ebest hotel credit cards\u003c/a\u003e.\u003c/li\u003e\r\n\r\n\r\n\r\n\u003cli\u003eLove to travel? Check out our list of the \u003ca href=\"https://fortune.com/recommends/credit-cards/best-no-annual-fee-travel-credit-cards/\"\u003ebest no-annual-fee travel credit cards\u003c/a\u003e.\u003c/li\u003e\r\n\r\n\r\n\r\n\u003cli\u003eFind credit cards that grant you \u003ca href=\"https://fortune.com/recommends/credit-cards/best-credit-cards-for-cheap-airport-lounge-access/\"\u003echeap airline lounge access\u003c/a\u003e.\u003c/li\u003e\r\n\r\n\r\n\r\n\u003cli\u003eRoadwarriors should check out our list of the \u003ca href=\"https://fortune.com/recommends/credit-cards/best-hotel-credit-cards-for-free-nights/\"\u003ebest hotel credit cards for free nights\u003c/a\u003e.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e","databaseId":3732101,"dateGmt":"2024-11-22T19:09:52","dek":"","description":"Get 2% back—or more—plus premium travel benefits for a low annual fee.","faq":[{"answer":"Benefits of the Bank of America Premium Rewards card include cash back on travel and dining spending, a large sign-up bonus, statement credits, travel protections, and more.\n\n\n","question":"What are the benefits of the Bank of America Premium Rewards card?","__typename":"FaqField"},{"answer":"Points earned with the BofA Premium Rewards card have a value of 1.0 cents per point, regardless of how they’re redeemed.","question":"How much are Bank of America premium reward points worth?","__typename":"FaqField"},{"answer":"If you’re a Premium Rewards Elite cardholder, you get free unlimited access to over 1,300 airport lounges worldwide with up to four complimentary Priority Pass™ Select Memberships.","question":"Does the Bank of America Premium Rewards card have lounge access?","__typename":"FaqField"}],"featuredMediaType":"image","floatingNavContent":"","floatingNavTitle":"","footnotes":null,"id":"cG9zdDozNzMyMTAx","image":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg?resize=1200,600","imageCaption":"Get 2% back—or more—plus premium travel benefits for a low annual fee.","imageCredit":"Photo illustration by Fortune; original photo by Bank of America","keywords":"","link":"https://fortune.com/recommends/credit-cards/bank-of-america-premium-rewards-card-review/","metaTitle":"Bank of America® Premium Rewards® review: A great travel and dining cash back card","modifiedGmt":"2024-11-22T19:09:54","pageType":"evergreen","platformCD":"recommends","postId":3732101,"postSettings":{"postSettingsDek":null,"enableSubscriptionPlea":true,"subscriptionPleaDesign":"with-bottom-border","subscriptionPleaPosition":null,"subscriptionPleaTextLined":"\u003cp\u003eFollow Fortune Recommends on \u003ca class=\"c-link\" href=\"https://www.facebook.com/fortunerecommends\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https://www.facebook.com/fortunerecommends\" data-sk=\"tooltip_parent\"\u003eFacebook\u003c/a\u003e and \u003ca class=\"c-link\" href=\"https://twitter.com/fortunerecs\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https://twitter.com/fortunerecs\" data-sk=\"tooltip_parent\"\u003eTwitter\u003c/a\u003e.\u003c/p\u003e","bylineCommentary":null,"mediaItem":{"altText":"Photo of Bank of America Premium Rewards Card on a blue abstract background","caption":"Photo by Bank of America ","mediaItemUrl":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg"},"__typename":"Settings"},"premiumCategory":{"name":"F-Search","premiumCategoryId":447850669,"link":"https://fortune.com/?taxonomy=premium_categories\u0026term=f-search-free","__typename":"BrandedArticlePremiumCategoryFieldsFields"},"primaryPostTag":{"name":"travel credit cards","primaryTagId":447863956,"link":"https://fortune.com/tag/travel-credit-cards/","uri":"/tag/travel-credit-cards/","__typename":"BrandedArticlePrimaryPostTagIdFieldsFields"},"primarySection":{"name":"Credit Cards","primarySectionId":447854033,"link":"https://fortune.com/recommends/credit-cards/","uri":"/recommends/credit-cards/","__typename":"BrandedArticlePrimarySectionIdFieldsFields"},"primaryTopic":{"name":"","primaryTopicId":-1},"relatedVideoId":"","relatedVideoType":"no_video","reviewedBy":{"funFactHeader":"","funFactValue":"","image":"https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=150","name":"Glen Luke Flanagan","role":"Deputy Editor, Credit Cards \u0026 Mortgage","shortIntro":"\u003cp\u003e\u003cspan style=\"font-weight: 400\"\u003eGlen Luke Flanagan is a deputy editor at Fortune Recommends who focuses on mortgage and credit card content. His prior roles include deputy editor positions at USA TODAY Blueprint and Forbes Advisor, as well as senior writer at LendingTree—all focused on credit card rewards, credit scores, and related topics. \u003c/span\u003e\u003c/p\u003e\n","social":{"instaUrl":"","linkedinUrl":"https://www.linkedin.com/in/glenlukeflanagan","twitterUrl":"","__typename":"ReviewerSocialUrlsFields"},"uri":"/author/glen-flanagan/"},"sectionNames":["Credit Cards"],"sections":[{"name":"Credit Cards","sectionId":447854033,"slug":"credit-cards","__typename":"BrandedArticleClassificationSectionFieldsFields"}],"series":[],"showModifiedTimestamp":1,"socialDescription":"Unless you’re a Preferred Rewards member, in which case you can earn up to 75% more cash back.","socialTitle":"This cash back credit card from Bank of America pays up to 2% back","stickyCta":null,"tagNames":["and rewards","Bank of America","Credit card reviews","credit cards","miles","no copyright","points","Reviews","rewards credit cards","the travel industry","travel credit cards"],"tags":[{"name":"and rewards","tagId":447864602,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"Bank of America","tagId":67387,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"Credit card reviews","tagId":447863955,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"credit cards","tagId":43029,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"miles","tagId":447864600,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"no copyright","tagId":447849520,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"points","tagId":447864601,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"Reviews","tagId":447865370,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"rewards credit cards","tagId":447863959,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"the travel industry","tagId":47758,"__typename":"BrandedArticleClassificationTagFieldsFields"},{"name":"travel credit cards","tagId":447863956,"__typename":"BrandedArticleClassificationTagFieldsFields"}],"templateType":"default","thumbnailUrl":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg","title":"Bank of America® Premium Rewards® review: A great travel and dining cash back card—especially for Preferred Rewards members","topicNames":[],"topics":[],"url":"https://fortune.com/recommends/credit-cards/bank-of-america-premium-rewards-card-review/","videoId":null,"widgetCss":null},"articleData":{"adTags":[{"adtagname":"cat_Travel","description":null,"slug":"cat-travel"},{"adtagname":"High Intent","description":null,"slug":"high-intent"},{"adtagname":"ptype_Review","description":null,"slug":"ptype-review"}],"audienceDek":"Get 2% back—or more—plus premium travel benefits for a low annual fee.","authorNames":["Dia Adams"],"authors":[{"email":"dia.adams@fortune.com","image":"https://fortune.com/img-assets/wp-content/uploads/2023/12/dia-headshot.png?w=150","name":"Dia Adams","sameAs":"","type":"Person","uri":"/author/dia-adams/","url":"https://fortune.com/author/dia-adams/","role":"Senior Editor, Credit Cards","funFactHeader":"","funFactValue":"","social":{"instaUrl":"","linkedinUrl":"https://www.linkedin.com/in/dia-adams/","twitterUrl":"https://twitter.com/TheDiaAdams","__typename":"AuthorSocialUrlsFields"},"shortIntro":"\u003cp\u003e\u003cspan style=\"font-weight: 400\"\u003eDia Adams is the senior editor leading the credit cards team at Fortune Recommends. Previously, Dia was a managing editor on the credit cards and travel rewards team at Forbes Advisor. She has been featured on national television, radio, print, and online media as an expert in the realms of credit cards, points and miles, Disney and family travel. \u003c/span\u003e\u003c/p\u003e\n","__typename":"Co-authors"}],"breadcrumbs":{"items":[{"label":"PERSONAL FINANCE","link":"https://fortune.com/recommends/personal-finance/"},{"label":"CREDIT CARDS","link":"/recommends/credit-cards/"},{"label":"BANK OF AMERICA® PREMIUM REWARDS® REVIEW: A GREAT TRAVEL AND DINING CASH BACK CARD","link":""}]},"bypassPaywall":{"postBypassLinkEnabled":"","postBypassLinkUnique":""},"canonicalUrl":null,"channel":"Credit Cards","content":"\u003cp style=\"font-size:16px\"\u003e\u003cem\u003eFortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWhy we like this card: \u003c/strong\u003eThe\u003cstrong\u003e \u003c/strong\u003eBank of America® Premium Rewards® card is a feature-rich \u003ca href=\"https://fortune.com/recommends/credit-cards/best-travel-credit-cards/\"\u003etravel credit card\u003c/a\u003e with perks and rewards that frequent flyers and foodies will appreciate.\u003c/p\u003e\u003cdiv class=\"paywall-selector\"\u003e\u003c/div\u003e\u003cdiv class=\"paywall\"\u003e\n\n\n\u003cp\u003e\u003cstyle\u003eN/A\u003c/style\u003e\n\u003c/p\u003e\n\u003cdiv class=\"pros_cons\"\u003e\n\u003cdiv\u003e\n\u003ch3\u003ePros\u003c/h3\u003e\n\u003cul\u003e\n\u003cli\u003eLarge sign-up bonus\u003c/li\u003e\n\u003cli\u003eNo foreign transaction fee\u003c/li\u003e\n\u003cli\u003ePreferred Rewards members can earn 25%–75% more cash back\u003c/li\u003e\n\u003c/ul\u003e\n\u003c/div\u003e\n\u003cdiv\u003e\n\u003ch3\u003eCons\u003c/h3\u003e\n\u003cul\u003e\n\u003cli\u003eHas an annual fee\u003c/li\u003e\n\u003cli\u003eNo introductory APR\u003c/li\u003e\n\u003c/ul\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eBank of America® Premium Rewards card: Overview\u003c/h2\u003e\n\n\n\n\u003cp\u003eOne of the key attractions of the Bank of America® Premium Rewards® card is its rewards program: Cardholders earn 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases. There’s no limit to the number of points you can earn, and points don\u0026#8217;t expire. Additionally, cardholders who are enrolled in the Bank of America Preferred Rewards program can earn even more points: up to 3.5 points per $1 spent on travel and dining and up to 2.62 points per $1 spent on all other purchases.\u003c/p\u003e\n\n\n\n\u003cp\u003eThe card also offers a range of travel-related benefits and protections, making it particularly appealing for frequent travelers. These include reimbursement for TSA PreCheck or Global Entry membership fees, up to $100 in an annual airline incidental credit, trip cancellation/interruption insurance, baggage protection, and more. Cardholders also enjoy Priority Pass lounge access and no foreign transaction fees..\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eBank of America Premium Rewards Card: Rewards\u0026nbsp;\u003c/h2\u003e\n\n\n\n\u003cp\u003eThe Premium Rewards card offers a straightforward rewards structure:\u003c/p\u003e\n\n\n\n\u003cul\u003e\n\u003cli\u003e2 points per $1 spent on travel purchases\u003c/li\u003e\n\n\n\n\u003cli\u003e2 points per $1 spent on dining purchases\u003c/li\u003e\n\n\n\n\u003cli\u003e1.5 points for every $1 spent on all other purchases\u003c/li\u003e\n\u003c/ul\u003e\n\n\n\n\u003cp\u003eAdditionally, Preferred Rewards members can earn 25%–75% more points on every purchase. This translates to earning 2.5 to 3.5 points on travel and dining purchases and 1.87 to 2.62 points on all other purchases, for every $1 spent.\u003c/p\u003e\n\n\n\n\u003cp\u003eNew cardholders also have the opportunity to earn 60,000 online bonus points—a $600 value—after you make at least $4,000 in purchases in the first 90 days of account opening.\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eHow to redeem Bank of America Premium Rewards points\u003c/h2\u003e\n\n\n\n\u003cp\u003ePremium Rewards cardholders have a several options for redeeming points:\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003ch3 class=\"wp-block-heading\"\u003eTravel Rewards\u003c/h3\u003e\n\n\n\n\u003cp\u003ePoints can be redeemed for airline travel, car rentals, and hotel stays through the Bank of America Travel Center, by going to the site or by calling the number on the back of your card. Travel reward redemptions start at 2,500 points.\u003c/p\u003e\n\n\n\n\u003ch3 class=\"wp-block-heading\"\u003eCash Rewards\u003c/h3\u003e\n\n\n\n\u003cp\u003eYou can also choose to receive your points as cash back (note that cash rewards redemptions start at 2,500 points). There are a few ways to go about this:\u003c/p\u003e\n\n\n\n\u003cul\u003e\n\u003cli\u003eGet a statement credit of any amount\u003c/li\u003e\n\n\n\n\u003cli\u003eHave cash back direct deposit into an eligible Bank of America account\u003c/li\u003e\n\n\n\n\u003cli\u003eReceive a credit to an eligible Merrill account account\u0026nbsp;\u003c/li\u003e\n\n\n\n\u003cli\u003eHave a check mailed to you\u0026nbsp;\u003c/li\u003e\n\n\n\n\u003cli\u003eMake a contribution to a 529 account with Merrill\u0026nbsp;\u003c/li\u003e\n\u003c/ul\u003e\n\n\n\n\u003cp\u003eYou can also choose to set up automatic redemptions to either a Bank of America or a Merrill account, starting at $25 in rewards. (Statement credits, checks, and contributions into a 529 account are not eligible for automatic redemption.)\u003c/p\u003e\n\n\n\n\u003ch3 class=\"wp-block-heading\"\u003eGift Card Rewards\u0026nbsp;\u003c/h3\u003e\n\n\n\n\u003cp\u003eAnother option is to use your points for gift cards from a variety of retailers. Browse the Bank of America site to see up-to-date gift card options, which are updated regularly.\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eAdditional benefits\u003c/h2\u003e\n\n\n\n\u003cp\u003eThe card comes with the following premium benefits:\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eAirline incidental statement credit:\u003c/strong\u003e Get up to $100 in statement credits each year for qualifying purchases, such as seat upgrades, baggage fees, in-flight services, and airline lounge fees. Credits are automatically applied to your card statement\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eAirport security statement credit: \u003c/strong\u003eGet up to $100 for TSA PreCheck® or Global Entry application fees, every four years.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eTrip delay reimbursement:\u003c/strong\u003e If a trip is delayed due to a covered hazard for more than 12 hours, you and your eligible family members can receive up to $500 per ticket purchased to cover reasonable expenses.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eTrip cancellation/interruption reimbursement:\u003c/strong\u003e if your trip is canceled or cut short due to illness or another covered situation, you can receive up to $2,500 for non-refundable passenger fares.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eBaggage delay reimbursement:\u003c/strong\u003e Get reimbursed up to $100 per day, up to five days, if your bags are delayed or misdirected by a common carrier for more than six hours for essential items. Note that this coverage is secondary to the common carrier.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eLost luggage reimbursement: \u003c/strong\u003eYou can receive coverage if your luggage and its contents are lost or stolen.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eTravel and emergency assistance services:\u003c/strong\u003e This benefitt provides help coordinating medical, legal, and travel services when you are traveling. The cost of any goods or services is your responsibility.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eEmergency evacuation and transportation coverage:\u003c/strong\u003e If you or a member of your immediate family are injured or become sick during a trip far from home that results in an emergency evacuation, you can be covered for eligible medical services and transportation.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003ePurchase security: \u003c/strong\u003eReceive reimbursement of up to $10,000 per claim for repair or replacement if an eligible item purchased with the card is stolen or damaged within 90 days of purchase.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eWarranty manager service:\u003c/strong\u003e This service doubles the time period of the manufacturers\u0026#8217; warranty, up to one additional year, for eligible items purchased with your card.\u0026nbsp;\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eReturn protection: \u003c/strong\u003eGet reimbursed for the cost of an eligible item of personal property if you are dissatisfied with the item for any reason within 90 days of the purchase and if the retailer will not accept the return. Coverage is limited to $250 per eligible item, up to $1,000 annually..\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eAuto rental collision damage waiver: \u003c/strong\u003eGet reimbursed\u003cstrong\u003e \u003c/strong\u003efor damage to a rental vehicle due to collision or theft. Coverage is supplemental to and in excess of other insurance. You must decline the collision/loss damage waiver offered by the auto rental agency to be covered.\u003c/p\u003e\n\n\n\n\u003cp\u003e\u003cstrong\u003eRoadside dispatch program:\u003c/strong\u003e You get access to a 24/7 on-demand referral dispatch network that provides emergency roadside assistance, towing, and locksmith services.\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eCredit cards similar to Bank of America® Premium Rewards card\u003c/h2\u003e\n\n\n\n\u003cp\u003eIf you’re shopping around for a rewards card, it’s a good idea to compare similar cards on the market to ensure you’re choosing the one that best fits your spending habits and budget.\u003c/p\u003e\n\n\n\n\u003cfigure class=\"wp-block-table comparison-table-widget selected-1 link-3\"\u003e\u003ctable\u003e\u003cthead\u003e\u003ctr\u003e\u003cth\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"94\" class=\"wp-image-4076371\" style=\"width: 150px;\" src=\"https://fortune.com/img-assets/wp-content/uploads/2024/11/Recommends_Bank-of-America®-Premium-Rewards®-for-table.jpg\" alt=\"The Bank of America® Premium Rewards®.\"\u003e\u003cbr\u003eBank of America® Premium Rewards®\u003c/th\u003e\u003cth\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"94\" class=\"wp-image-4051071\" style=\"width: 150px;\" src=\"https://fortune.com/img-assets/wp-content/uploads/2024/02/Recommends_Capital-One-Venture-Rewards-Credit-Card-for-table.png\" alt=\"The Capital One Venture Rewards Credit Card.\"\u003e\u003cbr\u003eCapital One Venture Rewards Credit Card\u003c/th\u003e\u003cth\u003e\u003cimg loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"94\" class=\"wp-image-3836333\" style=\"width: 150px;\" src=\"https://fortune.com/img-assets/wp-content/uploads/2024/03/Chase-Sapphire-Preferred-e1717696416485.png\" alt=\"The Chase Sapphire Preferred card.\"\u003e\u003cbr\u003eChase Sapphire Preferred® Card\u003c/th\u003e\u003c/tr\u003e\u003c/thead\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003eAnnual fee\u003c/td\u003e\u003ctd\u003eAnnual fee\u003c/td\u003e\u003ctd\u003eAnnual fee\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e$95\u003c/td\u003e\u003ctd\u003e$95\u003c/td\u003e\u003ctd\u003e$95\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003eRewards\u003c/td\u003e\u003ctd\u003eRewards\u003c/td\u003e\u003ctd\u003eRewards\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e2 points for every $1 spent on travel and dining purchases\u003cbr\u003e1.5 points for every $1 spent on all other purchases\u003c/td\u003e\u003ctd\u003e5x miles on hotels, vacation rentals and rental cars booked through Capital One Travel\u003cbr\u003e2x miles on every purchase\u003c/td\u003e\u003ctd\u003e5x points on travel purchased through Chase Travel℠ (excluding hotel purchases that qualify for the $50 Annual Chase Travel Hotel Credit)\u003cbr\u003e3x points on dining\u003cbr\u003e1x points on other purchases\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003eWelcome bonus\u003c/td\u003e\u003ctd\u003eWelcome bonus\u003c/td\u003e\u003ctd\u003eWelcome bonus\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e60,000 online bonus points—a $600 value—after you make at least $4,000 in purchases in the first 90 days of account opening\u003c/td\u003e\u003ctd\u003e75,000 miles once you spend $4,000 on purchases within 3 months from account opening\u003c/td\u003e\u003ctd\u003e60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003eOur Take\u003c/td\u003e\u003ctd\u003eOur Take\u003c/td\u003e\u003ctd\u003eOur Take\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003eThe Bank of America Premium Rewards card makes sense for Bank of America Preferred Rewards members who get outsized rewards. Others will find more rewarding options elsewhere.\u003c/td\u003e\u003ctd\u003eThe Venture is a terrific travel card for those who don't want to think about bonus categories and challenging redemption options. You'll earn a solid rewards rate an everything and you'll have your choice whether to redeem your points for travel purchases or to transfer them to hotel or airline partners. \u003c/td\u003e\u003ctd\u003eThe Sapphire Preferred offers outsized bang for the buck with an annual hotel credit, bonus earnings on travel and dining. You can redeem points for cash, gift cards or travel, or transfer them to an appealing set of partners. \u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003c/td\u003e\u003ctd\u003e\u003ca href=\"https://www.cardratings.com/bestcards/featured-credit-cards?shnq=3006151\u0026amp;src=692824\u0026amp;var2=3732101\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"\u003eView offer\u003c/a\u003e\u003cbr\u003eat Cardratings.com\u003c/td\u003e\u003ctd\u003e\u003ca href=\"https://www.cardratings.com/bestcards/featured-credit-cards?shnq=2061159\u0026amp;src=692824\u0026amp;var2=3732101\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"\u003eLearn more\u003c/a\u003e\u003cbr\u003eat Cardratings.com\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003c/figure\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eBank of America® Premium Rewards® vs. Capital One Venture Rewards Credit Card\u003c/h2\u003e\n\n\n\n\u003cp\u003eThe Bank of America® Premium Rewards® and Capital One Venture Rewards Credit Card are both travel-focused cards with similar annual fees, but they cater to different types of spenders. The Premium Rewards card offers 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases, while the Venture card provides a straightforward 2x miles on every purchase. The Premium Rewards card shines for Bank of America Preferred Rewards members, who can earn up to 3.5X points on travel and dining and 2.62X points on all other purchases with Platinum Honors status. However, without this boost, the Venture card\u0026#8217;s flat 2X rate is more rewarding for general spending.\u003c/p\u003e\n\n\n\n\u003cp\u003eBoth cards offer similar travel perks, including up to $100 credit for Global Entry or TSA PreCheck application fees. The Premium Rewards card provides up to $100 in airline incidental credits annually, which can offset its $95 annual fee. The Venture card, while lacking this specific benefit, offers more flexible redemption options, including the ability to transfer miles to travel partners. For those who prefer simplicity and aren\u0026#8217;t Bank of America Preferred Rewards members, the Venture card may be more appealing with its straightforward earning and redemption structure. However, for Bank of America customers who qualify for Preferred Rewards status, the Premium Rewards card can potentially offer higher overall value.\u003c/p\u003e\n\n\n\n\u003ch3 class=\"wp-block-heading\"\u003eChase Sapphire Preferred® Card vs. Bank of America Premium Rewards\u003c/h3\u003e\n\n\n\n\u003cp\u003eAnother credit card that is a close competitor to the Bank of America® Premium Rewards® card is the \u003ca href=\"https://fortune.com/recommends/credit-cards/chase-sapphire-preferred-review/\"\u003eChase Sapphire Preferred® Card\u003c/a\u003e. Like the Premium Rewards card, the \u003ca href=\"https://fortune.com/recommends/credit-cards/chase-sapphire-preferred-review/\"\u003eSapphire Preferred\u003c/a\u003e card comes with a $95 annual fee. This card offers a lucrative rewards structure of 5x points on travel purchased through Chase Travel℠ (excluding hotel purchases that qualify for the $50 Annual Ultimate Rewards Hotel Credit), 3x points on dining at restaurants, and 2x points on travel purchases. Points are also worth 25% more when redeemed for travel.\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eIs the Bank of America Premium Rewards card right for you?\u003c/h2\u003e\n\n\n\n\u003cp\u003eConsidering its extensive travel and purchase protections and a robust rewards program, the Premium Rewards card is best suited for those who travel and dine out often, especially members of the Bank of America Preferred Rewards program. With a relatively low annual fee of $95, it can also be a good option for those who want a taste of premium credit card benefits without the high costs usually associated with such cards.\u003c/p\u003e\n\n\n\n\u003cp\u003eThose whose spending doesn\u0026#8217;t fit into this profile will probably be happier with a different card—such as one from our list of \u003ca href=\"https://fortune.com/recommends/credit-cards/best-credit-cards/\"\u003ebest credit cards for 2024\u003c/a\u003e.\u003c/p\u003e\n\n\n\n\u003ch2 class=\"wp-block-heading\"\u003eFrequently asked questions\u003c/h2\u003e\n\n\n\n\u003cdetails class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"\u003e\u003csummary\u003eWhat are the benefits of the Bank of America Premium Rewards card?\u003c/summary\u003e\n\u003cp\u003eBenefits of the Bank of America® Premium Rewards® card include cash back on travel and dining spending, a large sign-up bonus, statement credits, travel protections, and more.\u003c/p\u003e\n\u003c/details\u003e\n\n\n\n\u003cdetails class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"\u003e\u003csummary\u003eHow much are Bank of America premium reward points worth?\u003c/summary\u003e\n\u003cp\u003ePoints earned with the BofA Premium Rewards card have a value of 1.0 cents per point, regardless of how they’re redeemed.\u003c/p\u003e\n\u003c/details\u003e\n\n\n\n\u003cdetails class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"\u003e\u003csummary\u003eDoes the Bank of America Premium Rewards card have lounge access?\u003c/summary\u003e\n\u003cp\u003eIf you’re a Premium Rewards Elite cardholder, you get free unlimited access to more than 1,300 airport lounges worldwide with up to four complimentary Priority Pass™ Select Memberships.\u003c/p\u003e\n\u003c/details\u003e\n\n\n\n\u003chr class=\"wp-block-separator has-alpha-channel-opacity\"/\u003e\n\n\n\n\u003cp style=\"font-size:16px\"\u003e\u003cem\u003eFortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers.\u003c/em\u003e\u003c/p\u003e\n\n\n\n\u003cp style=\"font-size:16px\"\u003e\u003cem\u003ePlease note that card details are accurate as of the publish date, but are subject to change at any time at the discretion of the issuer. Please contact the card issuer to verify rates, fees, and benefits before applying.\u003c/em\u003e\u003c/p\u003e\n\n\n\r\n\u003cdiv class=\"wp-block-group pro-tip-box-widget\"\u003e\u003cdiv class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\"\u003e\r\n\u003ch3 class=\"wp-block-heading pro-tip-box-heading\"\u003eRead more\u003c/h3\u003e\r\n\r\n\r\n\r\n\r\n\r\n\r\n\u003cli\u003eHelp your travel dollars go the distance with the \u003ca href=\"https://fortune.com/recommends/credit-cards/best-travel-credit-cards/\"\u003ebest travel credit cards\u003c/a\u003e.\u003c/li\u003e\r\n\r\n\r\n\r\n\u003cli\u003eThe \u003ca href=\"https://fortune.com/recommends/credit-cards/best-airline-credit-cards/\"\u003ebest airline credit cards\u003c/a\u003e help stretch your flight budget farther.\u003c/li\u003e\r\n\r\n\r\n\r\n\u003cli\u003eEarn free nights and other hotel perks with the \u003ca href=\"https://fortune.com/recommends/credit-cards/best-hotel-credit-cards/\"\u003ebest hotel credit cards\u003c/a\u003e.\u003c/li\u003e\r\n\r\n\r\n\r\n\u003cli\u003eLove to travel? Check out our list of the \u003ca href=\"https://fortune.com/recommends/credit-cards/best-no-annual-fee-travel-credit-cards/\"\u003ebest no-annual-fee travel credit cards\u003c/a\u003e.\u003c/li\u003e\r\n\r\n\r\n\r\n\u003cli\u003eFind credit cards that grant you \u003ca href=\"https://fortune.com/recommends/credit-cards/best-credit-cards-for-cheap-airport-lounge-access/\"\u003echeap airline lounge access\u003c/a\u003e.\u003c/li\u003e\r\n\r\n\r\n\r\n\u003cli\u003eRoadwarriors should check out our list of the \u003ca href=\"https://fortune.com/recommends/credit-cards/best-hotel-credit-cards-for-free-nights/\"\u003ebest hotel credit cards for free nights\u003c/a\u003e.\u003c/li\u003e\r\n\u003c/ul\u003e\r\n\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e","databaseId":3732101,"dateGmt":"2024-11-22T19:09:52","dek":"","description":"Get 2% back—or more—plus premium travel benefits for a low annual fee.","faq":[{"answer":"Benefits of the Bank of America Premium Rewards card include cash back on travel and dining spending, a large sign-up bonus, statement credits, travel protections, and more.\n\n\n","question":"What are the benefits of the Bank of America Premium Rewards card?","__typename":"FaqField"},{"answer":"Points earned with the BofA Premium Rewards card have a value of 1.0 cents per point, regardless of how they’re redeemed.","question":"How much are Bank of America premium reward points worth?","__typename":"FaqField"},{"answer":"If you’re a Premium Rewards Elite cardholder, you get free unlimited access to over 1,300 airport lounges worldwide with up to four complimentary Priority Pass™ Select Memberships.","question":"Does the Bank of America Premium Rewards card have lounge access?","__typename":"FaqField"}],"featuredMediaType":"image","floatingNavContent":"","floatingNavTitle":"","footnotes":null,"id":"cG9zdDozNzMyMTAx","image":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg?resize=1200,600","imageCaption":"Get 2% back—or more—plus premium travel benefits for a low annual fee.","imageCredit":"Photo illustration by Fortune; original photo by Bank of America","keywords":"","link":"https://fortune.com/recommends/credit-cards/bank-of-america-premium-rewards-card-review/","metaTitle":"Bank of America® Premium Rewards® review: A great travel and dining cash back card","modifiedGmt":"2024-11-22T19:09:54","pageType":"evergreen","platformCD":"recommends","postId":3732101,"postSettings":{"postSettingsDek":null,"enableSubscriptionPlea":true,"subscriptionPleaDesign":"with-bottom-border","subscriptionPleaPosition":null,"subscriptionPleaTextLined":"\u003cp\u003eFollow Fortune Recommends on \u003ca class=\"c-link\" href=\"https://www.facebook.com/fortunerecommends\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https://www.facebook.com/fortunerecommends\" data-sk=\"tooltip_parent\"\u003eFacebook\u003c/a\u003e and \u003ca class=\"c-link\" href=\"https://twitter.com/fortunerecs\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https://twitter.com/fortunerecs\" data-sk=\"tooltip_parent\"\u003eTwitter\u003c/a\u003e.\u003c/p\u003e","bylineCommentary":null,"mediaItem":{"altText":"Photo of Bank of America Premium Rewards Card on a blue abstract background","caption":"Photo by Bank of America ","mediaItemUrl":"https://fortune.com/img-assets/wp-content/uploads/2023/10/Recommends_BOA-Premium-Rewards-CC-Review.jpg"},"__typename":"Settings"},"premiumCategory":{"name":"F-Search","premiumCategoryId":447850669,"link":"https://fortune.com/?taxonomy=premium_categories\u0026term=f-search-free","__typename":"BrandedArticlePremiumCategoryFieldsFields"},"primaryPostTag":{"name":"travel credit cards","primaryTagId":447863956,"link":"https://fortune.com/tag/travel-credit-cards/","uri":"/tag/travel-credit-cards/","__typename":"BrandedArticlePrimaryPostTagIdFieldsFields"},"primarySection":{"name":"Credit Cards","primarySectionId":447854033,"link":"https://fortune.com/recommends/credit-cards/","uri":"/recommends/credit-cards/","__typename":"BrandedArticlePrimarySectionIdFieldsFields"},"primaryTopic":{"name":"","primaryTopicId":-1},"relatedVideoId":"","relatedVideoType":"no_video","reviewedBy":{"funFactHeader":"","funFactValue":"","image":"https://fortune.com/img-assets/wp-content/uploads/2024/02/Glen_5b391d.png?w=150","name":"Glen Luke Flanagan","role":"Deputy Editor, Credit Cards \u0026 Mortgage","shortIntro":"\u003cp\u003e\u003cspan style=\"font-weight: 400\"\u003eGlen Luke Flanagan is a deputy editor at Fortune Recommends who focuses on mortgage and credit card content. His prior roles include deputy editor positions at USA TODAY Blueprint and Forbes Advisor, as well as senior writer at LendingTree—all focused on credit card rewards, credit scores, and related topics. \u003c/span\u003e\u003c/p\u003e\n","social":{"instaUrl":"","linkedinUrl":"https://www.linkedin.com/in/glenlukeflanagan","twitterUrl":"","__typename":"ReviewerSocialUrlsFields"},"uri":"/author/glen-flanagan/"},"sectionNames":["Credit Cards"],"sections":[{"name":"Credit Cards","sectionId":447854033,"slug":"credit-cards","__typename":"BrandedArticleClassificationSectionFieldsFields"}],"series":[],"showModifiedTimestamp":1,"socialDescription":"Unless you’re a Preferred Rewards member, in which case you can earn up to 75% more cash back.","socialTitle":"This cash back credit card from Bank of America pays up to 2% back","stickyCta":null,"tagNames":["and rewards","Bank of America","Credit card reviews","credit cards","miles","no copyright","points","Reviews","rewards credit cards","the travel 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