Bank of America® Premium Rewards® Visa® Credit Card

Bank of America® Premium Rewards® Visa® Credit Card

Advertiser Disclosure

Welcome Offer

Earn 50,000 points - a $500 value - after spending $3,000 in the first 90 days.

Point Accrual


  • Earn 2x points on travel and dining. Earn 1.5x points on all else.
  • BoA Platinum Honors customers holding a checking account and over $100,000 at the bank or Merrill receive a 75% premium on these amounts.  Since points are redeemable from statement credits, you can effectively earn earn 2.625% to 3.50% back on everything.
  • Also receive a $200 annual travel statement credit which can be applied against the cost of TSA PreCheck and/or incidental airline charges.
  • $95 annual fee.

Why BestCashCow Likes

A great card for those who are Bank of America Preferred Rewards clients - those with aver $100,000 in either BoA or Merrill Lynch -  who can receive  3.50% cash back on travel and dining.


Calculating Your Value

Your Annual Points

With our default spend profile, this card can produce 74,291 points annually.

We value these points as high as 1.00 cents per point.

So, you can receive up to $742.91 in value per year.

Calculate New Values

Enter Your Estimated Annual Spend in Each Category to See How this Card Can Maximize Your Reward Earnings

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Customer Reviews for Bank of America® Premium Rewards® Visa® Credit Card

Rated 5.00 stars out of 5 - based on 2 reviews

Have you found a great redemption from your use of this card that you would like to tell others about. Please share your experience below.


  • July 9, 2020 |

    If the pandemic goes on for a while, I will use it. Since I have the account with Merrill, I am Preferred Rewards and it gives me 3.50% back on dining and then I use it for my taxes and end up making money (I use pay1040 which charges me 1.87% but there are others). I also have the other BoA card which I don't see here but which also produces cash in my pocket. Prefer the cash back as long as Trump is President and we are barred from even going to Canada.

  • July 3, 2020 |

    This card is just fantastic so long as you have $100,000 in assets with either BoA or Merrill. I just rack up tons of cash back and can even arbitrage the 1.89% fee to pay my taxes on pay1040. While I prefer to earn travel points and love the Chase Sapphire, I find this one is increasingly my go-to card for everything.


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