Bank of America® Premium Rewards® Elite Credit Card
Issued by Bank of America
$450/year in trackable credits — never leave money on the table
Earning Categories
Current Welcome Bonus
Earn 75,000 bonus points after $5,000 in purchases in the first 90 days (worth $750 in travel redemptions)
Year 1 net value: $-542.5 (bonus − annual fee)
Statement Credits
Up to $300/yr for airline incidental purchases: baggage fees, seat upgrades, in-flight services, lounge fees (not airfare)
Up to $150/yr for streaming, food delivery, fitness subscriptions, and rideshare services
Card Perks
$429/year est. valueComplimentary Priority Pass Select membership — access to 1,300+ airport lounges worldwide
Late checkout, free breakfast for two, automatic room upgrades at premium hotels
20% more value when redeeming points for airfare through Bank of America Travel Center
24/7 full-service Visa Infinite concierge for travel, dining, and lifestyle requests
Reimbursement for eligible expenses when a covered trip is delayed 6+ hours
Primary auto rental collision damage waiver when you pay with card and decline agency coverage
Maximize Your Bank of America Travel Rewards Points
Program Overview
Bank of America Travel Rewards is a no-annual-fee travel credit card program that earns points redeemable at 1¢ per point toward travel and dining purchases. Points do not transfer to airline or hotel programs — they're used to offset travel charges on your statement. The card earns 1.5x on all purchases (2.625x for Preferred Rewards Platinum Honors members). Best for: Bank of America relationship customers who want simple, no-annual-fee travel rewards without managing complex transfer partners.
Earning Tips
BofA Travel Rewards card: - 1.5x points on all purchases (no categories to track) - Bonus points on travel booked through BofA Travel Center Preferred Rewards multiplier: - Platinum Honors (75% bonus): effective 2.625x on all purchases — competitive with most flat-rate cards - Gold (25% bonus): 1.875x, Platinum (50% bonus): 2.25x Strategy: - Best for Preferred Rewards customers who want a simple flat-rate card - For non-Preferred Rewards customers, consider cards with higher base earning rates
Redemption Tips
Redemption: 1¢/point toward travel, dining, or any purchases classified as travel/dining. Points are redeemed as statement credits within 12 months of the travel purchase. This is a "cash toward travel" model rather than a transfer model — no airline or hotel partner redemptions available. Maximize by making travel purchases (flights, hotels, car rentals, ride-shares, restaurants) and immediately applying points as statement credits. No blackout dates or seat restrictions.
Card Details
Bank of America Travel Rewards Program
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