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Earn $750 Bonus with Bank of America Premium Rewards Elite Card

DDG
DDG

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Earn $750 Bonus with Bank of America Premium Rewards Elite Card

The Bank of America Premium Rewards Elite Card launched in late 2021 with a welcome offer of 50,000 points. The bonus now is considerably better, at 75,000 points.

The card earns 2X points on travel and dining purchases and 1.5X points per dollar on all other purchases. That means that Preferred Rewards members ca get up to 3.5X points on travel and dining and up to 2.62X points everywhere else. You can redeem points for travel, cash back, a statement credit. You also get up to $450 in annual credits, which helps justify the $550 annual fee. Read our review Let’s take a look at the details of the new offer.

The Offer

  • Earn 75,000 bonus points if you use your new credit card account to make eligible purchases totaling at least $5,000 (exclusive of any fees, including the annual fee, returns and adjustments) within 90 days of the account open date.
  • Annual Fee: $550
  • Direct link to Application

Card Highlights

  • Earn 2X points on travel and dining purchases and 1.5X points per dollar on all other purchases. Preferred Rewards members earn can earn a bonus of 25% to 75% on every purchase.
  • $300 in statement credits each calendar year if you make qualifying airline incidental fee transactions.
  • $150 in statement credits each calendar year if you make qualifying rideshare, food delivery, streaming service and fitness transactions at select merchants.
  • $100 in statement credits per account every four years in connection with the TSA Pre✓® or Global Entry program when you use your Premium Rewards® Elite credit card to pay the application fee
  • 12-month Priority Pass Select membership to access airport VIP lounges worldwide currently participating in the Priority Pass Select program with their accompanying guests

Conclusion

Bank of America Premium Rewards Elite Card now offers a welcome bonus of 75,000 points, which is worth $750. This is a nice bump from the usual offer of 50,000 points.

It’s worth noting that this card also comes with a massive $550 annual fee. So this bonus only makes sense if you also take advantage of the annual credits such as $300 for qualifying airline incidental fees, and $150 in statement credits for rideshare, food delivery, streaming service and fitness transactions at select merchants.

HT: Doctor of Credit

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

 Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card is the old king of travel rewards cards. Right now bonus_miles_full

Learn more about this card and its features!

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

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Editorial Note - Opinions expressed here are the author's alone, not those of any partner bank, credit card issuer, hotel, airline, or other partner. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.