Bank of America Premium Rewards Elite 2026 Review

Mika L.
Written by Mika L.
Financial Content Writer
Mat C.
Edited by Mat C.
Managing Editor & Senior Developer

Bank of America Premium Rewards Elite4.0/5

Bank of America

Annual fee
$550
Rewards rate
2%-1.5%
Welcome Bonus
75,000 points
Apply Now →on Bank of America's website
Regular APR:20.24%-27.24% Variable APR

  • 2%Points on travel and dining
  • 1.5%Points on all other purchases

Welcome Bonus:

Earn 75,000 online bonus points after spending at least $5,000 in purchases within the first 90 days.

Reward Rate:

Earn unlimited 2 points for every dollar spent on travel and dining, and 1.5 points on all other purchases.

APR:

20.24%-27.24% Variable APR

The Bank of America Premium Rewards Elite card is tailored for high-end travelers, offering 2x points on travel and dining. Its extensive benefits and credits can help offset the high annual fee, making it a valuable option for frequent travelers.

Pros:

  • High rewards on travel and dining
  • Luxury travel benefits

Cons:

  • High annual fee
  • Limited bonus categories
Apply now →

The Bank of America Premium Rewards Elite card is best suited for frequent travelers who can take advantage of its robust rewards structure and premium benefits to justify the $550 annual fee. With a solid earning rate on travel and dining, along with a significant welcome bonus, this card is ideal for those who prioritize rewards over fees.

Frequently Asked Questions

Related Guides