Bank of America Premium Rewards Benefits, Credits & Annual Fee

• 60,000 bonus points

  $4,000 in net purchases First 90 days from account opening **Bonus Points Offer.** You will qualify for 60,000 bonus points if you use your new credit card account to make any combination of purchase transactions totaling at least $4,000 (excluding any fees, such as the annual fee) that post to your account within 90 days of the account open date. Returns, credits, and adjustments to this card will be deducted from purchases, even if this card was not the original payment method. Cash Advances and Balance Transfers are not considered purchases and do not apply for purposes of this offer. Limit 1 bonus points offer per new account. This one-time promotion is limited to customers opening a new account in response to this offer and will not apply to requests to convert existing accounts. Your account must be open with active charging privileges in order to receive this offer. Other advertised promotional bonus points offers can vary from this promotion and may not be substituted. Once you qualify, you will receive your points within your next 1-2 billing cycles. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) that reflects the value of such reward. Please consult your tax advisor, as neither we, nor our affiliates, provide tax advice.

  Checked Oct 14, 2026Source

• Airline Incidental Statement Credit$100 / yrTrackable

  Get up to $100 back per year on qualifying airline incidental charges like seat upgrades, checked baggage fees, in-flight purchases, and airline lounge fees. The credit is applied automatically as a statement credit - no redemption needed. Only incidental charges qualify; airfare itself does not.

  Resets: Calendar yearChecked Jul 4, 2026
• Global Entry / TSA PreCheck Application Fee Credit$100 / 4yrTrackable

  Pay the application fee for Global Entry ($100) or TSA PreCheck (~$85) with your card and receive a statement credit automatically covering the cost. This credit is available once every four years per application cycle.

  Resets: Every 4 yearsChecked Jul 4, 2026

Travel Benefits

• Roadside Dispatch Program

  Connects you to a 24/7 dispatch service that can arrange roadside help - like towing, jump-starts, or lockout assistance - wherever you're driving. Call the number on the back of your card to reach dispatch. Service fees from the provider may apply and are your responsibility.

  Checked Oct 8, 2026
• Visa Signature Luxury Hotel Collection

  Book stays at participating Visa Signature Luxury Hotel Collection properties using this card to unlock perks like room upgrades, complimentary breakfast, and late checkout. Reserve through the dedicated Visa Signature booking channel to ensure benefits apply. Availability of specific perks varies by property.

  Checked Jul 4, 2026

Rental Car

• Auto Rental Collision Damage Waiver

  Covers collision damage or theft on eligible rental vehicles when you pay for the full rental with this card and decline the rental company's own collision coverage. Coverage is secondary to your personal auto insurance in most cases. Certain vehicle types and rental durations may not qualify.

  Checked Oct 9, 2026

Travel Insurance

• Baggage Delay Insurance

  Covers essential purchases like clothing and toiletries when your checked baggage is delayed by a carrier. Pay for your travel with this card to activate coverage. Reimbursement applies after a qualifying delay period; check your Guide to Benefits for the time threshold and dollar limits.

  Checked Jul 4, 2026
• Emergency Evacuation and Transportation Insurance

  Covers emergency medical evacuation and transportation costs if you're injured or become seriously ill while traveling away from home. Pay for your trip with this card to activate coverage. Benefit limits and eligible situations are defined in your Guide to Benefits.

  Checked Jul 4, 2026
• Lost Luggage Insurance

  Reimburses you for luggage and its contents if your bags are lost or damaged by a common carrier. Pay for your travel with this card to activate coverage. Coverage limits apply, so review your Guide to Benefits for per-bag and per-trip maximums.

  Checked Jul 4, 2026
• Trip Cancellation Protection

  If a covered event forces you to cancel or cut short a trip, this benefit can reimburse non-refundable prepaid costs. Charge your trip to the card to activate coverage. Note that emergency medical or dental expenses are not included in this protection.

  Checked Oct 9, 2026
• Trip Delay Protection

  When a covered trip is delayed by 12 hours or more, this benefit can reimburse reasonable out-of-pocket expenses like meals and lodging during the wait. Book your travel with your card to qualify for coverage.

  Checked Jul 4, 2026

Bonus Earnings

• 1.5x Points on All Other Purchases1.5x points

  Every purchase that falls outside the travel and dining categories earns 1.5 points per $1 spent, with no cap on earnings. This flat rate applies automatically - no rotating categories to activate or track.

  Checked Sep 30, 2026
• Preferred Rewards Bonus Points Multiplier

  Enrolled Bank of America Preferred Rewards members earn 25% to 75% bonus points on every purchase, stacking on top of regular earning rates. At the top tier, everyday spending can reach up to 2.625 points per dollar. You must be actively enrolled in the Preferred Rewards program to receive this benefit.

  Checked Jul 4, 2026
• Travel and Dining Bonus Earnings2 pts / yr

  Travel and dining purchases earn the equivalent of 2% cash back by default. Members who reach Preferred Rewards Platinum Honors status - requiring $100,000 or more in combined Bank of America and Merrill balances - can see that rate climb to 3.5% thanks to the 75% points bonus.

  Checked Oct 1, 2026

Purchase Protection

• Extended Warranty (Warranty Manager Service)

  Extends the original U.S. manufacturer's warranty on eligible items purchased with this card. Coverage kicks in automatically after the manufacturer's warranty expires, adding extra time at no cost to you. Non-U.S. warranties and certain product categories may not qualify.

  Checked Jul 4, 2026
• Purchase Security (Damage and Theft)

  Covers eligible items purchased with this card against theft or accidental damage for a set period after the purchase date. You can get repair, replacement, or reimbursement up to the covered limit. Items must be purchased entirely with this card to qualify.

  Checked Oct 9, 2026
• Return Protection

  If a merchant won't accept a return, this benefit can reimburse you for eligible items purchased with this card. File a claim within the required window after purchase to request reimbursement. Certain item categories and high-value items may be excluded; check your Guide to Benefits for limits.

  Checked Jul 4, 2026

Concierge & Membership

• Visa Signature Concierge Service

  Get on-demand help from a Visa Signature concierge for things like booking travel, finding restaurant recommendations, or securing event tickets. Reach the service by phone any time, day or night. The concierge assistance is free, though costs for bookings or tickets are yours to pay.

  Checked Jul 4, 2026

Fees & Miscellaneous

• Flexible Points Redemption

  Redeem points for cash back, statement credits, gift cards or purchases through BofA Travel. Choose a deposit to an eligible Bank of America checking or savings account, a credit to an eligible Merrill account, or another available option. Account eligibility applies to deposits and Merrill credits.

  Checked Sep 27, 2026
• No Foreign Transaction Fees

  Use your card for purchases outside the U.S. without paying any foreign transaction fees. This applies to both in-person and online purchases billed in a foreign currency. No action is needed - the fee is simply never charged.

  Checked Jul 4, 2026