Bank of America Premium Rewards Elite
By Alex Compton · Last verified
BofA's luxury card pays off when six figures sit in Merrill.
Welcome Bonus
Under review
Current claim suppressed
Spend Requirement
Under review
Annual Fee
Under review
Last recorded terms remain in the history below
Credit Score
740+
(Excellent)
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-06 | 75,000 | $5,000 in 3 mo | Terms reconfirmed75,000 points, worth $750 | Archive record · no attached snapshot |
| 2023-09 | 75,000 | $5,000 in 3 mo | Bonus increased: 50,000 → 75,000 · Spend: $3,000 → $5,000Standard offer raised to 75k | Archive record · no attached snapshot |
| 2021-01 | 50,000 | $3,000 in 3 mo | Earliest recordLaunch offer | Archive record · no attached snapshot |
Primary-source verification log
Append-only evidence ledgerEvent-level primary-source attachments begin with the September 2026 verification system. Older records remain visible but are not retroactively presented as evidenced.
Source checked 2026-06-10 · spot an outdated offer? Report a correction above.
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Last Recorded Earning Rates
These terms are historical context and are not presented as current.
- 2xTravel and dining
- 1.5xEverything else
- 3.5xTravel and dining with Preferred Rewards Platinum Honors75% relationship boost, 2.625x on everything else
Last Recorded Credits
- Airline incidental credit$300
Seat upgrades, bags, lounge fees, not airfare
- Lifestyle conveniences credit$150
Streaming, food delivery, fitness, ride hailing
- Global Entry or TSA PreCheck credit$120
Once every four years
Last Recorded Benefits
Confirm availability and enrollment requirements with the issuer.
- ✦Priority Pass Select airport lounge membership
- ✦20% discount on airfare booked with points through the BofA travel center
- ✦Visa Infinite travel and purchase protections
- ✦Preferred Rewards boosts earning up to 75% with $100k+ at BofA or Merrill
Why it earns its spot
- +$450 in easy annual credits nearly wipe out the $550 fee
- +3.5x travel and dining for Platinum Honors members beats most premium cards
- +Points are simple to redeem at a flat 1 cent
Where it costs you
- −Without a six figure Merrill relationship the math is ordinary
- −No transfer partners, so points cap out at fixed value
- −Airline credit excludes actual airfare
The Compound Verdict
This is the best premium card in the country for exactly one group: people with $100k or more parked at Bank of America or Merrill. At Platinum Honors the earning rates embarrass cards costing more. If you do not have the relationship, skip it and let the credits tempt someone else.
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