Bank of America Premium Rewards Elite Credit Card
Bank of America
- 3.5%Points on travel and dining
- 1.5%Points on all other purchases
Earn 75,000 bonus points after you make at least $5,000 in purchases in the first 90 days of account opening.
Earn unlimited 2 points for every dollar spent on travel and dining purchases and unlimited 1.5 points per dollar on all other purchases.
19.49%-27.49% variable APR
This card shines for its high rewards rate on travel and dining, making it an excellent choice for those who frequently spend in these categories, especially with its substantial welcome bonus.
Pros:
- High rewards on travel and dining
- Significant welcome bonus
Cons:
- High annual fee
- Limited redemption options
The Bank of America Premium Rewards Elite Credit Card is well-suited for frequent travelers and diners who can take advantage of its elevated rewards rate and welcome bonus, justifying the $550 annual fee. However, those who do not spend significantly in these categories may find better value with other credit card options.