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Bank of America credit card

Bank of America® Premium Rewards® Credit Card

  • Annual fee down · $550$95 · Oct 4, 2026
  • APR up · 17.74%19.74% · Oct 4, 2026

$95 a year. 60,000 online points after you spend $4,000 in 3 months. Purchase APR 19.74–27.74%, variable. No foreign transaction fees.

Checked Nov 1, 2026Updated

Welcome offer
Annual fee
Purchase APR · variable
Foreign transactions

Select an underlined figure to see where it comes from.

Bank of America’s terms

Welcome offer

60,000 points

After you spend $4,000 on purchases in your first 3 months.

Spending it takes
$1,333 a month
for 3 months
Tracking since
Oct 4, 2026
history will chart every change

60,000 online bonus points (stated as a $600 value) after making at least $4,000 in purchases in the first 90 days of account opening.

In dollars

What it’s worth

Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.

SpendingValue against the feeFirst yearAfter
Light spender$90$90
Typical spender$980$380
Heavy spender$1,605$1,005
The spending each assumes, and what isn’t counted
  • Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
  • Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
  • Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month

Assumed: points valued at 1¢, the program's cash rewards value; welcome bonus needs $4,000 in 3 months.

$90a year

The same in the first year and after.

Rewards and credits$185

You keep $90−$95 annual fee

The spending this assumes

A month: groceries $300, dining $100, gas $100, everything else $500. Assumed: points valued at 1¢, the program's cash rewards value; welcome bonus needs $4,000 in 3 months.

$380a year

$980 the first year, with the welcome bonus.

Rewards and credits$475

You keep $380−$95 annual fee

The spending this assumes

A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250. Assumed: points valued at 1¢, the program's cash rewards value.

$1,005a year

$1,605 the first year, with the welcome bonus.

Rewards and credits$1,100

You keep $1,005−$95 annual fee

The spending this assumes

A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500. Assumed: points valued at 1¢, the program's cash rewards value.

Use your own spending

Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards

Against the market

How it compares

Worth more to a typical spender than about 80% of the 732 cards we track.

  • Lower top APR than about 55% of the 163 cards on our Sign-up bonuses list (see the list).
  • Lower annual fee than about 25% of the 171 cards on our Sign-up bonuses list (see the list).

Other points cards with fees up to $100

Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).

Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method

BofA Rewards™

How you earn

2×
2 points per $1 spent on travel purchases2 points per $1 spent on dining purchases
1.5×
Everything else

Points per dollar.

Benefits

  • Up to $100 in Airport Security Statement Credits for TSA PreCheck® or Global Entry application fees every four years
  • Travel protections for trip delays, cancellations and interruptions, baggage delays, lost luggage, and emergency evacuation and transportation
  • Visa Signature® Luxury Hotel Collection benefits when booking through the collection
  • Visa Signature® concierge service for travel planning, restaurant recommendations, and event reservations
  • Up to 25% back on inflight purchases is not stated in the document
All 14 benefits
  • Trip delay
  • Trip cancellation
  • Baggage
  • Emergency assistance
  • Rental car
  • Purchase protection
  • Extended warranty
  • Return protection
  • Roadside

Changes

Annual fee
$550$95 since Oct 4Oct 4Today
APR
17.74%19.74% since Oct 4Oct 4Today
  • Oct 4, 2026 Annual fee $550$95
  • Oct 4, 2026 APR 17.74%19.74%

Only changes that held for at least three days on both sides count; one-day blips in a reading don’t.

Every figure with its receipt

Rates and fees

Annual fee
Purchase APRvariable
Balance transfer APR
Balance transfer fee
Cash advance APR
Cash advance fee
Penalty APR
Late payment
Foreign transactions
Grace period

Before you apply

  1. What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
  2. Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)

Questions

What is the annual fee?
$95 · bankofamerica.com, since Oct 4, 2026
Does it charge a foreign transaction fee?
No. · bankofamerica.com, since Oct 8, 2026
What is the purchase APR?
19.74–27.74% APR · bankofamerica.com, since Sep 29, 2026
Is there a welcome bonus?
60,000 online points after $4,000 in purchases in 3 months. · bankofamerica.com, since Nov 1, 2026
See it on bankofamerica.com

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