Bank of America Premium Rewards Elite
By Alex Compton · Last verified
BofA's luxury card pays off when serious money sits at BofA and 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 online bonus points, a $750 value, after $5,000 in purchases in the first 90 days; offer confirmed unchanged
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 4 tracked offers going back to 2021, nothing has beaten 75k.
Current offer
75k
All-time high
75k
Typical offer
75k
In place since
September 2023
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-10-12 | 75,000 | $5,000 in 3 mo | Terms reconfirmed75,000 online bonus points, a $750 value, after $5,000 in purchases in the first 90 days; offer confirmed unchanged | Bank of America Premium Rewards Elite product page → |
| 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 ledger- changed
Offer 75k/$5,000/90 days and $550 fee confirmed; BofA Rewards (May 2026) replaced Preferred Rewards, so the 75% boost now needs the $1M Premier tier ($100K = 50%), and Priority Pass is up to 4 memberships
Fields: benefits, earningRates, ourTake, bestFor
Bank of America Premium Rewards Elite product page →
Source checked 2026-10-12 · spot an outdated offer? Report a correction above.
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Earning Rates
- 2xTravel and dining
- 1.5xEverything else
- 3.5xTravel and dining at the BofA Rewards Premier tier75% BofA Rewards bonus needs $1M+ in combined balances; the $100K+ Preferred Honors tier gets 50% (3x travel and dining, 2.25x everything else)
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
- ✦Up to 4 complimentary Priority Pass Select memberships
- ✦20% discount on airfare booked with points through the BofA travel center
- ✦Visa Infinite travel and purchase protections
- ✦BofA Rewards bonus of 10% to 75% on card earning, by combined BofA and Merrill balance tier (replaced Preferred Rewards in May 2026)
Why it earns its spot
- +$450 in easy annual credits nearly wipe out the $550 fee
- +3x travel and dining at the $100K Preferred Honors tier, 3.5x at the $1M Premier tier
- +Points are simple to redeem at a flat 1 cent
Where it costs you
- −The full 75% boost now needs $1M+ in balances; $100K earns 50%
- −No transfer partners, so points cap out at fixed value
- −Airline credit excludes actual airfare
The Compound Verdict
This card is built for people with serious money parked at Bank of America or Merrill. Since BofA Rewards replaced Preferred Rewards in May 2026, $100k earns a 50% boost (3x travel and dining) and the full 75% (3.5x) takes $1M or more. The $570 in credits nearly cover the fee either way. Without a meaningful relationship, skip it and let the credits tempt someone else.
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