Bank of America Premium Rewards
By Alex Compton · Last verified
With BofA Rewards, this becomes a 2.25% to 2.62% everything card.
Welcome Bonus
60,000
≈$600 value
Spend Requirement
$4,000
in 3 months
Annual Fee
$95
No FTF
Credit Score
700+
(Good-Excellent)
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Apply now or wait?
Apply nowThis is the best public offer this card has ever had. In 3 tracked offers going back to 2021, nothing has beaten 60k.
Current offer
60k
All-time high
60k
Typical offer
60k
In place since
June 2023
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-01 | 60,000 | $4,000 in 3 mo | Terms reconfirmed | Archive record · no attached snapshot |
| 2023-06 | 60,000 | $4,000 in 3 mo | Bonus increased: 50,000 → 60,000 · Spend: $3,000 → $4,000 | Archive record · no attached snapshot |
| 2021-01 | 50,000 | $3,000 in 3 mo | Earliest record | Archive record · no attached snapshot |
Primary-source verification log
Append-only evidence ledger- confirmed
Terms unchanged
Bank of America Premium Rewards product page →
Source checked 2026-10-19 · spot an outdated offer? Report a correction above.
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Earning Rates
- 2xTravel and dining
- 1.5xEverything else
Credits ($100/yr stated)
- Airline incidental credit$100
Benefits
- ✦BofA Rewards boosts earn 50% at $100k in balances and 75% at $1 million (replaced Preferred Rewards May 26, 2026)
- ✦TSA PreCheck/Global Entry credit
Why it earns its spot
- +2.25% flat at the $100k Preferred Honors tier, 2.62% at $1 million, beats uncapped flat-rate rivals
- +Credit + bonus easily clears the fee
Where it costs you
- −Needs $100k at BofA/Merrill to unlock the magic, and $1 million for the full 75% boost
- −Points are fixed-value
The Compound Verdict
If you keep investments at Merrill, this quietly beats every 2% card in existence. Without a BofA Rewards tier, skip it.
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