Bank of America® Premium Rewards® Elite Credit Card
Bank of America · VISA
The Bank of America® Premium Rewards® Elite Credit Card is a credit card from Bank of America on the VISA network. It has an annual fee of $550. It earns 20% on travel, 2x on dining & restaurants, 1.5x on everything else.
Key facts
- Annual fee
- $550
- Purchase APR
- 19.49% - 27.49% variable APR
- Network
- VISA
Reward rates by category
| Category | Rate | Detail |
|---|---|---|
| Travel | 20% | 20% on airfare when you pay with points through |
| Dining & restaurants | 2x | 2x on travel and dining purchases |
| Everything else | 1.5x | 1.5x on all other purchases |
Benefits and perks
- 75,000 bonus points offer: 75,000 online bonus points — a $750 value — after you make at least $5,000 in purchases in the first 90 days of account opening
- Achieve more with BofA Rewards™: Enrich your experience as a Bank of America customer with the BofA Rewards™ program—starting with a rewards bonus on every credit card purchase. Visit BofA Rewards to learn more about eligibility and enrollment.
- Airfare savings, travel and lifestyle perks: Save 20% on domestic or international airfare for any class when you pay with points Enjoy free unlimited access to airport lounges and experiences worldwide with up to 4 complimentary Priority Pass™ Select Memberships Complimentary 24/7 Full-Service Concierge to book your travel, dinner reservations, event tickets and more
- Earn unlimited points with flexible rewards: Earn unlimited 2 points for every dollar spent on travel and dining purchases and unlimited 1.5 points per dollar on all other purchases. There's no limit to the points you can earn, and points don't expire as long as the account remains open. You choose how you want to be rewarded. Redeem your points for travel, cash back, a statement credit, distinctive experiences or gift cards.
- Get up to $570 in automatic statement credits: Receive up to $300 annually in Airline Incidental Statement Credits for qualifying purchases such as seat upgrades, baggage fees, airline lounge fees and in-flight services Receive up to $150 annually for lifestyle conveniences including video streaming services, food delivery, fitness subscriptions and rideshare services Receive up to $120 in statement credits for Global Entry or TSA PreCheck® application fees, every four years
Rates and fees
Annual membership fee: $550. Purchase APR: 19.49% - 27.49% variable APR, based on creditworthiness and the Prime Rate.
Rates and fees as published by the issuer and recorded on 7 Sept 2026. See the issuer's terms for current rates. View the issuer's terms
Questions about the Bank of America® Premium Rewards® Elite Credit Card
What is the annual fee on the Bank of America® Premium Rewards® Elite Credit Card?
The Bank of America® Premium Rewards® Elite Credit Card has an annual fee of $550.
What rewards does the Bank of America® Premium Rewards® Elite Credit Card earn?
The Bank of America® Premium Rewards® Elite Credit Card earns 20% on travel, 2x on dining & restaurants, 1.5x on everything else.
Is the Bank of America® Premium Rewards® Elite Credit Card worth it?
The Bank of America® Premium Rewards® Elite Credit Card is worth it when the rewards you would earn on your own spending exceed its annual fee. Upload a statement to Woodo and the calculation runs against your real categories rather than an assumed budget.
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