VisaBank of America Premium Rewards Elite
BofA's luxury card pays off when six figures sit in Merrill.
Welcome Bonus
75,000
≈$750 value
Spend Requirement
$5,000
in 3 months
Annual Fee
$550
No FTF
Credit Score
740+
(Excellent)
Current offer note: 75,000 points, worth $750
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Last verified 2026-06-10 · spot an outdated offer? Tell us in the comments.
Earning Rates
- 2xTravel and dining
- 1.5xEverything else
- 3.5xTravel and dining with Preferred Rewards Platinum Honors
Credits ($570/yr stated)
- 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
Benefits
- ✦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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