Unlock the Secrets of Premium Travel Rewards
Are you a frequent traveler looking for a credit card that offers flexibility and luxury benefits? Look no further than the Bank of America Premium Rewards Elite Credit Card. With a premium annual fee of $550, this card is designed for those who want to make the most of their travel rewards.
Elevated Earning Potential
As a cardholder, you’ll earn points on every purchase, with elevated spending categories for travel and dining. Plus, as a Bank of America Preferred Rewards member, you can earn up to 75% more points on every purchase, depending on your deposit and investment balances.
Annual Credits and Lounge Benefits
The card comes with up to $300 in statement credits every year for airline incidental charges, such as seat upgrades and baggage fees. You’ll also receive up to $100 in reimbursement for TSA PreCheck or Global Entry application fees every four years. Additionally, enjoy free unlimited access to the Priority Pass airport lounge network, where you can indulge in complimentary drinks, food, and WiFi.
Flexible Redemption Options
Redeem your points for travel, cash back, statement credits, experiences, or gift cards. You’ll even get 20% savings when using points to book domestic or international airfare.
Premium Benefits and Protections
This card is loaded with premium benefits, including travel protections, concierge services, and exclusive events. While the annual fee may seem steep, the benefits and credits can help offset the cost.
Is This Card Right for You?
The Bank of America Premium Rewards Elite is best suited for frequent travelers who can make use of the card’s annual credits, airport lounge access, and travel protections. If you don’t use the card’s credits for eligible purchases, then the credits go away without receiving any benefit.
Alternative Options
If this card isn’t the right fit for you, consider other travel credit cards like the Chase Sapphire Preferred, Capital One Venture X, or Chase Sapphire Reserve. Each of these cards offers unique benefits and rewards structures that may better suit your needs.
Using Your Card
You can use your Bank of America Premium Rewards Elite Credit Card anywhere Visa is accepted, both domestically and internationally. The card also waives foreign transaction fees, making it an excellent choice for international travel.
Customer Service
Customer service is available 24/7, and you can manage your account online, through the mobile app, or by phone.
The Bottom Line
While the Bank of America Premium Rewards Elite has many appealing features, it’s essential to weigh the benefits against the annual fee. If you’re a frequent traveler who can maximize the card’s rewards and benefits, this card may be an excellent choice.
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