Bank of America is one of the largest banks in the United States, with over 4,000 branches and 16,000 ATMs nationwide. The bank was founded in 1902 as Bank of Italy, and it later merged with several other banks to become Bank of America. The bank offers a wide range of financial products and services, including checking accounts, savings accounts, credit cards, loans, and investment products.
Today, Bank of America serves more than 66 million customers in over 35 countries, offering a wide range of products and solutions to meet their financial needs.
Benefits of the Bank of America Premium Rewards Elite Card

With the Bank of America Premium Rewards Elite card, you can earn 2 points for every dollar spent on travel and dining purchases and 1.5 points for every dollar spent on all other purchases. You can redeem your points for cash rewards, travel statement credits, gift cards, or transfer them to participating airline and hotel loyalty programs. There is no limit to how many points you can earn or redeem, and your points do not expire as long as your account is open.
To apply for the Bank of America Premium Rewards Elite card, you need to have a good to excellent credit score (typically 740 or higher) and a high annual income (typically $100,000 or higher). You also need to be a U.S. citizen or resident with a valid Social Security number or Individual Taxpayer Identification number
The Bank of America Premium Rewards Elite Card is a premium travel rewards credit card that offers a variety of benefits, including:
- A welcome bonus of 75,000 points after you make at least $5,000 in purchases in the first 90 days of account opening;
- Earn unlimited 2 points for every $1 spent on travel and dining purchases;
- Earn unlimited 1.5 points for every $1 spent on all other purchases;
- No limit to the points you can earn, and points don’t expire;
- 20% savings on travel when you book through the Bank of America Travel Center;
- Access to Priority Pass lounges worldwide;
- TSA PreCheck or Global Entry application fee credit;
- No foreign transaction fees.
Minimum Income to Apply for the Bank of America Premium Rewards Elite Card
The minimum income to apply for the Bank of America Premium Rewards Elite Card is $100,000. However, the bank may approve applicants with a lower income if they have a good credit history.
Annual Fee
The annual fee for the Bank of America Premium Rewards Elite Card is $495. However, the annual fee is waived for the first year.
Coverage of the Card
The Bank of America Premium Rewards Elite Card offers travel and purchase protection, as well as extended warranty protection. The travel protection includes trip cancellation/interruption insurance, baggage delay insurance, and lost luggage reimbursement. The purchase protection covers items you buy with your card against damage or theft for up to 120 days. The extended warranty protection doubles the original warranty on eligible items for up to one year.
Flag of the Bank of America Premium Rewards Elite Card
The Bank of America Premium Rewards Elite Card is a Visa Infinite card. Visa Infinite is a premium card that offers a variety of benefits, including travel insurance, purchase protection, and extended warranty protection.
IOF
The foreign transaction fee for the Bank of America Premium Rewards Elite Card is 3%. This means that you will be charged 3% of the purchase price for any foreign currency transactions.
How to Download the App on Android and iOS
To download the Bank of America app on Android, open the Google Play Store and search for “Bank of America.” Tap on the Bank of America app icon and then tap on the “Install” button.

To download the Bank of America app on iOS, open the App Store and search for “Bank of America.” Tap on the Bank of America app icon and then tap on the “Get” button.
Contacts
- Phone: 1-800-432-1000;
- Website: https://www.bankofamerica.com/;
- Twitter: https://twitter.com/bankofamerica;
- Facebook: https://www.facebook.com/bankofamerica/;
- Chat: You can also chat with a representative on the Bank of America website.
The Bank of America Premium Rewards Elite Card is a premium travel rewards credit card that offers a variety of benefits that can be valuable for frequent travelers and those who want to earn rewards on their everyday purchases. However, it comes with a high annual fee of $495.
If you are a frequent traveler and can meet the minimum income requirement, the Bank of America Premium Rewards Elite Card can be a great way to earn rewards on your travel and everyday purchases.
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