Traveling is one of the most popular activities nowadays, and one of the biggest perks of traveling is the rewards you get from credit cards. Bank of America Premium Rewards Travel Credit is one of the best rewards cards available on the market that offers great benefits for frequent travelers.
This rewards card is a great choice for those who want to maximize their travel reward points. It offers a wide variety of benefits, from air travel discounts to points that can be redeemed for hotels, flights, and more. Additionally, cardholders can enjoy access to exclusive airport lounges, VIP concierge services, and other premium status benefits. With so many rewards and benefits, it’s no wonder Bank of America Premium Rewards Travel Credit is one of the most popular cards among travelers.
What Is Bank of America Premium Rewards Travel Credit?
The Bank of America Premium Rewards Travel Credit is a credit card that can be used to make purchases and earn rewards whenever you travel. This credit card is offered as a part of the Premium Rewards program, which offers a range of rewards from travel benefits to points that can redeemed for merchandise, flights, hotels, and more. The Bank of America Premium Rewards Travel Credit is also accompanied by a suite of other features and benefits, making it a card worth considering for frequent travelers.
The Bank of America Premium Rewards Travel Credit comes with an annual fee of $95 and an APR of 17.99%. It also earns bonus points when used to make purchases to eligible travel merchants. Additionally, every dollar you spend earns two points, and the card also offers a 25% rewards bonus. This means that users receive more rewards for their purchases when using the Bank of America Premium Rewards Travel Credit. Other benefits of the card include no foreign transaction fees, travel insurance, cell phone insurance, and more.
The Benefits of Bank of America Premium Rewards Travel Credit
The Bank of America Premium Rewards Travel Credit offers several key benefits, including:
- No annual fee
- No foreign transaction fees
- Earn bonus points when used to make purchases to eligible travel merchants
- Earn two points for every dollar spent
- Receive a 25% rewards bonus
- Travel insurance and cell phone insurance for extra protection
The Bank of America Premium Rewards Travel Credit also offers exclusive access to a range of premier destinations and experiences. Examples of the rewards and benefits available with this credit card include complimentary night certificates at select hotels and resorts, complimentary airfares, and more.
The Bank of America Premium Rewards Travel Credit is a great option for those looking for rewards and benefits for their travel purchases. With the card, users can receive bonus points, discounts, and more for their travel-related purchases, while also enjoying exclusive access to premier destinations and experiences.
Benefits of Bank of America Premium Rewards Travel Credit
Bank of America Premium Rewards Travel Credit is a credit card program designed to give customers access to rewards and exclusive benefits when they make purchases at certain establishments, online and in person. The program offers these rewards in the form of bonus points, which can be redeemed for travel and other rewards. The following are some of the benefits of Bank of America Premium Rewards Travel Credit:
1. Low Interest Rates
Bank of America offers competitive interest rates on its Premium Rewards Travel Credit products. This helps to make the cost of using the credit card more affordable and less restrictive. Additionally, customers will not be subject to any annual fees when using the card.
2. Worldwide Acceptance
Bank of America Premium Rewards Travel Credit is accepted worldwide. This means that customers can use their cards in any country and be sure that their purchase will be honored. Plus, customers will not have to worry about currency exchange rates when making purchases while abroad.
3. Earn Rewards Points
In addition to the low interest rates, Bank of America’s Premium Rewards Travel Credit program also allows its customers to earn rewards points. These points can be accumilated and later used to redeem for travel and other rewards. Plus, customers can always get additional points for each point accumulated.
4. Discounts and Deals
As a Premium Rewards traveler, customers may be eligible for additional discounts and special deals. These discounts and deals will depend on the merchants the customer shops with, but can include exclusive store prices, special discounts, and more.
5. Travel Insurance Coverage
All holders of Bank of America Premium Rewards Travel Credit will have access to travel insurance coverage, at no additional cost. This coverage includes protection against lost or stolen items, cancelled trips, delayed baggage, and other incidents.
6. Customer Service
The Bank of America customer service team is available 24 hours a day to help customers with any questions or concerns they may have. Customers can contact the team at any time to receive advice, assistance, or support.
Eligibility Criteria for Bank of America Premium Rewards Travel Credit
Bank of AmericaPremium Rewards Travel Credit Card is one of the most rewarding cards available from Bank of America. It offers generous rewards and a wide range of perks and benefits, including travel rewards and cashback. To be eligible for this card, you must meet the following criteria:
- You must be a Bank of America customer.
- Your Bank of America checking or savings account must be open for at least 90 days.
- You must have a satisfactory credit history.
- You must be 18 years or older and a legal resident of the United States.
If you meet the eligibility criteria, you can apply for the Bank of America Premium Rewards Travel Credit Card and enjoy all of its features and benefits.
How to Redeem Credit Card Points?
When carrying a Bank of America Premium Rewards Travel Credit Card, you can benefit from its generous rewards program. Redeeming points earned from spending can be a great way to get value for each purchase.
Here’s a step-by-step guide to redeeming your credit card points:
- Log in to the Bank of America website.
- Go to the rewards section and select “redeem rewards”.
- Choose the reward of your choice.
- You will then be prompted to select whether you want to keep your points or use them for rewards. Choose which option you prefer.
- Enter the amount of points you wish to redeem.
- Your selected reward will then be added to your points total.
When you have enough points, you can then redeem them for items such as cash, statement credit, travel, gift cards, and more.
Closing Thoughts on BofA Premium Rewards Travel Credit
Bank of America Premium Rewards Travel Credit offers tremendous value to cardholders who don’t mind making an annual fee payment, and who are aware of exactly how it works. Its generous 2x earning rate on most travel, dining and entertainment purchases, plus the additional reward points from the preferential categories, enables cardholders to earn rewards quickly with smart spending. Also, all those points earned can be transferred to several airline and hotel partners, further enhancing the value of the card.
For those looking for an easy to use travel reward credit card with flexible redemption options, the Bank of America Premium Rewards Travel Credit is an excellent choice. It provides a great balance between features, rewards and introductory bonus. Plus, it offers customer service and lots of additional value-added benefits.
