Travel rewards credit cards are often very expensive to maintain. They have a lot of fees and many other charges that can be very heavy on the wallet. If you're looking for a great travel rewards credit card that suits your budget, you should be looking into the Bank of America Premium Rewards Elite Credit Card.
The Bank of America Premium Rewards Elite Credit Card is a premium credit card that offers many things, especially to frequent travelers looking to gain rewards.
Check out the guide below to learn what this Bank of America credit card is all about and how you can unlock these opportunities by applying for the card.
Features You Don't Want to Miss
The Bank of America Premium Rewards Elite Credit Card has some of the best features out of any travel rewards credit card.
Brought to you by one of the most trusted banks in America, this Bank of America credit card offers a lot of features that you don't want to miss.
Check them out below.
Get Unlimited Points with Flexible Rewards
Every time you use the Bank of America Premium Rewards Elite Credit Card, you get to earn unlimited 2 points for every $1 that you spend on travel and dining.
You also get unlimited 1.5 points for every $1 that you spend on any other purchases. If you are a Preferred Rewards member, you get up to 75% more points for every purchase you make with the card.
The fact that you get to earn unlimited points without expiration means that you can enjoy the rewards at any time.
Receive Bonus Points
New cardholders can also enjoy bonus rewards points when they get to use the card within the first 90 days.
All you need to do is spend at least $5,000 in purchases after opening your account, and you will immediately get 75,000 bonus points.
This amount of points is equivalent to $750 in value, which you can also use for many other transactions or reward redemption.
Apart from the very generous rewards system, the Bank of America Premium Rewards Elite Credit Card also offers lifestyle perks.
This makes traveling much more comfortable and convenient, especially for those who frequently travel abroad. With this card, you get to enjoy unlimited access to airport lounges.
Cardholders also get to save at least 20% on both domestic and international airfare when using their rewards points. Make sure that you also use the card when purchasing your airfare to gain more points.
Review the Interest Rates and Fees
The Bank of America Premium Rewards Elite Credit Card has a whopping $550 annual fee.
There might be no introductory APR period for this card, but the fact that cardholders get to enjoy a lower interest rate for purchases of up to 20.24% is still a big win.
For balance transfers, you will be charged a balance transfer fee, which is 3% of each transaction. It is best that you also check out the terms and conditions for more information about the interest rates.
Steps to Apply for the Bank of America Premium Rewards Elite Credit Card
Applying for the Bank of America Premium Rewards Elite Credit Card does not need to be complicated.
There are several ways for you to apply for the card so you can unlock all of the opportunities mentioned above.
Check out the guide and see how you can apply for this amazing credit card in the most convenient manner.
Research and Inquiries
The best way to learn how to apply for a card is to do your research.
You can either check the official Bank of America website to learn more about the card.
You can also call the nearest Bank of America branch in your area and inquire about the card as well as the application process.
Preparing the Requirements
Prepare the required documents as early as possible.
These documents include any government-issued ID, any utility bill, your income tax return, your bank statements, and many others.
You can inquire about the list of requirements at the bank.
Where to Apply
There are two ways for you to apply for a credit card.
You can bring your application form and the required documents to any nearby Bank of America branch to initiate the application.
Another way to apply is at their official website, which is by far a lot more convenient.
Submitting Your Application
Fill out the application form and make sure that you enter all the correct and accurate information.
Review the application form for spelling errors and upload the required documents together with the application form.
Do not forget to check the terms and conditions as well before you submit.
Waiting for Approval
When you apply at the website, you can receive an update within a few minutes, but there are instances where you will need to wait a few more days.
It usually takes a few business days before they can confirm that you have been approved for the card.
The card will be delivered to you based on the address that you entered during the application.
Activating Your Card
Once you receive the card, you will need to activate it.
You can visit the branch to have it activated, or you can log in to your online account and activate the card.
Is the Bank of America Premium Rewards Elite Credit Card Worth It?
Anyone who wants a premium credit card that offers an easy redemption option while having the best list of rewards should check out the Bank of America Premium Rewards Elite Credit Card.
It is one of the best credit cards in the past few years with its generous rewards, robust rewards program, high-quality airport lounge access, and many more.
It just makes sense that every frequent traveler should have this Bank of America credit card in their wallet.
How to Contact Bank of America?
If you wish to contact Bank of America for further inquiries, you can dial the number 00 1 315-724-4022.
You can also visit their main office located at Bank of America Corporate Center, 100 North Tryon Street, Charlotte, NC 28255.
People who are looking for a premium credit card should look into Bank of America Premium Rewards Elite Credit Card. It is one of the best credit cards out there for frequent travelers who want to get the best rewards and have the best lifestyle.
Check the card today at your nearest Bank of America branch and apply!
Note: There are risks involved when applying for and using credit. Consult the bank's terms and conditions page for more information.