boa premium rewards credit card review

The Premium Rewards credit card lets you live life your way and get rewarded for it. Get 2 points for every dollar spent on travel and dining and 1.5 points. bank of america unlimited cash rewards credit card. Here's everything you need to know about the Bank of America Premium Rewards Credit Card. This card offers best in class rewards for those with.

Boa premium rewards credit card review -

Fidelity® Rewards Visa Signature® Card

We may change APRs, fees, and other Account terms in the future based on your experience with Elan Financial Services and its affiliates as provided under the Cardmember Agreement and applicable law.

1. You will earn 2 Points per dollar in eligible net purchases (net purchases are purchases minus credits and returns) that you charge. Account must be open and in good standing to earn and redeem rewards and benefits. Upon approval, refer to your Program Rules for additional information. You may not redeem Reward Points, and you will immediately lose all of your Reward Points, if your Account is closed to future transactions (including, but not limited to, due to Program misuse, failure to pay, bankruptcy, or death). Reward Points will not expire as long as your Account remains open. Certain transactions are not eligible for Reward Points, including Advances (as defined in the Agreement, including wire transfers, travelers checks, money orders, foreign cash transactions, betting transactions, lottery tickets and ATM disbursements), Annual Fee, convenience checks, balance transfers, unauthorized or fraudulent charges, overdraft advances, interest charges, fees, credit insurance charges, transactions to fund certain prepaid card products, U.S. Mint purchases, or transactions to purchase cash convertible items. The 2% cash back rewards value applies only to Points redeemed for a deposit into an eligible Fidelity account. The redemption value is different if you choose to redeem your Points for other rewards such as travel options, merchandise, gift cards, and/or statement credit. Other restrictions apply. Full details appear in the Program Rules new card customers receive with their card. Establishment or ownership of a Fidelity account or other relationship with Fidelity Investments is not required to obtain a card or to be eligible to use Points to obtain any rewards offered under the program other than Fidelity Rewards.

2.

Because the interest and other fees charged on any outstanding balance are greater than the cash value of the rewards points, you may pay more in fees and interest than the value of the points you earn if you do not pay your bill in full each month.

3.

To receive a deposit, you must link your eligible Fidelity® account to your card. This can be accomplished in any of following ways. 1. You may contact Elan Financial Services Customer Service at the toll-free phone number located on the back of your credit card and provide them with your eligible Fidelity® account (s) number. 2. Simply select the “Manage Reward Points” hyperlink from the credit card snapshot page on Fidelity.com and follow the easy steps. You may also watch a brief video that describes the linking process on the credit card snapshot page also found on Fidelity.com. Please note that automatic redemptions will occur on a monthly basis as long as you have reached the point redemption threshold of 2,500 Points.

4.

Eligible accounts include most nonretirement registrations as well as Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, Fidelity Charitable® Giving Account®, Fidelity HSA®, and Fidelity®-managed 529 College Savings Plan accounts. The ability to contribute to an IRA or 529 college savings plan account is subject to IRS rules and specific program policies, including those on eligibility and annual and maximum contribution limits. Full details appear in the Program Guidelines new card customers receive with their card. Contributions to Fidelity Charitable® are generally eligible for a federal income tax charitable deduction. Please consult with your tax advisor. The list of eligible registration types may change without notice at Fidelity’s sole discretion. For more information about whether a particular registration is eligible, please call 1-800-FIDELITY (800-343-3548).

5. Certain restrictions apply to each benefit. Details accompany new account materials.

6.

Elan Financial Services provides zero fraud liability for unauthorized transactions. Cardmember must notify Elan Financial Services promptly of any unauthorized use. Certain conditions and limitations may apply.

7.

Cardmembers are responsible for the cost of any goods or services purchased by the Visa Signature Concierge on cardmembers’ behalf.

8. Fidelity Rewards+ generally requires $250,000 invested through Fidelity® Wealth Services, Fidelity® Strategic Disciplines, or a combination of both registered as an individual account, a joint account, or certain types of revocable trusts. Assets in other registration types, such as irrevocable trusts, partnerships, or LLCs, will not be included when determining program eligibility. Fidelity Rewards is not offered as a component of any advisory service or program through Fidelity, including, without limitation, Fidelity® Wealth Services and Fidelity® Strategic Disciplines. While there are no program enrollment fees, eligible managed accounts are charged an advisory fee.

The Contactless Symbol and Contactless Indicator are trademarks owned by and used with the permission of EMVCo, LLC.

Fidelity Charitable® is the brand name for Fidelity Investments® Charitable Gift Fund, an independent public charity with a donor-advised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo and Fidelity are registered service marks of FMR LLC, used by Fidelity Charitable under license.

"Giving Account" is a registered service mark of the Trustees of Fidelity® Charitable.

Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay is a trademark of Apple Inc.

Google, Google Pay and the Google Logo are trademarks of Google LLC.

©2020 Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd. Use only in accordance with law.

© 2021 The Kiplinger Washington Editors. Used under License.

Fidelity Go® provides discretionary investment management for a fee. Advisory services offered by Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment adviser. Brokerage services provided by Fidelity Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. FPWA, FBS and NFS are Fidelity Investments companies.

The creditor and issuer of this card is Elan Financial Services, pursuant to a license from Visa U.S.A. Inc.

Fidelity® and Elan Financial Services are separate companies.

Visa and Visa Signature are registered trademarks of Visa International Service Association and are used by the issuer pursuant to a license from Visa U.S.A., Inc.

Third-party trademarks appearing herein are the property of their respective owners. All other service marks are property of FMR LLC.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

Источник: https://www.fidelity.com/cash-management/visa-signature-card

Bank of America® Premium Rewards® credit card review: Great for travel and beyond

BANK OF AMERICA® PREMIUM REWARDS® BENEFITS

2021 Best Credit Cards for TSA Precheck/Global entry

If you like the idea of a card that rewards your passion for travel and dining out, but you don’t necessarily want a strictly travel rewards credit card, the Bank of America® Premium Rewards® credit card is a great place to start.

The welcome bonus is 50,000 points, or the equivalent of $500, after you spend at least $3,000 in the first 90 days that the account is open. On an ongoing basis, you can look forward to unlimited two points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases. There's also no limit to the points you can earn, and your points don't expire. Those points can be redeemed for cash back as a statement credit, as gift cards, or for purchases in the Bank of America Travel Center, deposited into eligible Bank of America accounts, or credited to eligible Merrill accounts.

While the flexible redemption options are certainly a perk, if traveling is your thing you're also sure to appreciate the numerous travel features associated with this card. For instance, you’ll save with up to $100 in an airline incidentals statement credit annually (more details on this below), as well as up to $100 in statement credit for your TSA Pre✓® or Global Entry application fee.

The card does carry a $95 annual fee, however, the right person for the card will reap benefits that more than offset the fee.

Furthermore, if you happen to be a Bank of America account holder, your rewards earning gets substantially better. This card is eligible for the Preferred Rewards program with the bank. Through the program, customers who maintain a certain account balance across their eligible Bank of America or Merrill accounts will receive bonus cash back – anywhere from an extra 25-75% – on every purchase. If you qualify for the Gold tier of the Preferred Rewards program, for instance, making a $100 travel purchase will earn you the base 200 points (two points per $1 on travel) plus an additional 50 points for being a Preferred Rewards Gold tier client. If you do the math, that means you could earn up to 3.5 points per $1 on travel and dining purchases and up to 2.625 points per $1 on all other purchases if you qualify for the highest Preferred Rewards tier. Not a bad earning rate at all.

Top Features

 Rewards

Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases. If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means you could earn up to 3.5 points for every $1 spent on travel and dining purchases. No limit to the points you can earn and your points don't expire.

 Bonus Rewards

Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening.

Apply online for Capital One Venture Rewards Credit Card
 

Capital One Venture Rewards Credit Card

  • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get our best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase-or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs
  • No foreign transaction fees

Learn More

Credit Needed:

Excellent, Good

BANK OF AMERICA® PREMIUM REWARDS® AIRLINE CREDIT

Airline travelers can save up to $200 thanks to two statement credits offered by the Bank of America® Premium Rewards® credit card.

The first is the Airline Incidental Statement Credit. It provides a credit of up to $100 each year for expenses such as lounge access, in-flight services, seat upgrades and baggage fees. The credit is automatically applied to your statement after a qualifying purchase has been made.

Customers also get an Airport Security Statement Credit once every four years. This credit covers up to $100 of the cost of TSA Pre✓® or Global Entry. Global entry costs $100, so with this credit, it would be totally covered, and if you have Global Entry membership, you'll be covered for TSA Pre✓® as well. If you don't want Global Entry membership, you can apply for TSA Pre✓® which is $85, so again, the credit covers it, but if you can qualify for Global Entry you might as well apply for that instead since it gets you membership to both all for one fee.

BANK OF AMERICA® PREMIUM REWARDS® FOREIGN TRANSACTION FEE

The Bank of America® Premium Rewards® credit card has a lot of good perks for travelers, including no foreign transaction fees on purchases made abroad. Many cards charge around 3% on all foreign transactions, which might not seem like much, but can add up in a hurry if you travel internationally often.

Think about it this way: if you take your family of five on an international vacation, and budget $4,000, you'll end up spending an extra $120 just on foreign transaction fees. If you travel with the Bank of America® Premium Rewards® card though, that's money you'll keep in your pocket. So instead of spending $4,120 at the end of the trip, you'd stay in budget, only spending $4,000.

Especially if you're a frequent international traveler, this benefit has a lot of money-saving power.

BANK OF AMERICA® PREMIUM REWARDS® TRAVEL INSURANCE

Bank of America® Premium Rewards® credit card provides a number of valuable travel insurance protection benefits that can help make your trip more enjoyable, and offset or cover costs should your trip be delayed or cancelled or your baggage be delayed, lost or stolen.

Some of these benefits include:

  • Trip delay reimbursement
  • Trip cancellation/interruption insurance
  • Baggage delay reimbursement
  • Lost luggage reimbursement
  • Travel and emergency assistance services
  • Emergency evacuation and transportation coverage
  • Auto rental collision damage waiver
  • Roadside dispatch program

BANK OF AMERICA® PREMIUM REWARDS® POTENTIAL DOWNSIDES

The Bank of America® Premium Rewards® credit card offers some solid benefits, but those benefits are really best for those who travel and dine out often. If that doesn't sound like your lifestyle, you're unlikely to realize the full benefits of this card and you might even have some trouble offsetting the annual fee. Sure, you can still earn points and redeem them for cash back, but there are cards that don't charge an annual fee and feature higher rewards earning in other categories, like gas or groceries, and may be more your speed. As with any credit card, you'll want to honestly consider your spending habits and goals to determine if this card is best for you.

Plus, keep in mind that this card will truly perform to its full potential for existing Bank of America account holders who qualify for the Preferred Rewards program.

BANK OF AMERICA® PREMIUM REWARDS® CARDHOLDER SCORES

CardRatings conducts a survey annually to learn what actual cardholders think of their cards. Here are the results:

Current ScoresPast Scores
Overall Score82.483.2
Rewards Program Satisfaction8.28.3
Customer Service8.28.4
Website/App Usability8.38.3
Likelihood of Continuing to Use8.68.8
Recommend to a Friend/Colleague8.28.2

HOW THE BANK OF AMERICA® PREMIUM REWARDS® COMPARES TO OTHER CREDIT CARDS

Bank of America® Premium Rewards® vs. Chase Sapphire Preferred®

Chase Sapphire Preferred® Card

Neither card requires its cardholders to have brand loyalty in order to reap the rewards of its benefits. Flexibility is key and both cards offer it with redemption, although the Chase Sapphire Preferred® Card will get you more bang for your buck if you redeem for travel through the Chase Ultimate Rewards® program where your points are worth 25% more. That means that, although the welcome bonus rewards offers seem similar, Chase’s 60,000 bonus points after spending $4,000 in the first three months is actually worth up to $750 when redeemed for travel through Ultimate Rewards®, while the Bank of America welcome offer will get you the equivalent of $500 after your spend at least $3,000 in the first 90 days. The Chase Sapphire Preferred® Card also charges a $95 annual fee.

Another thing to keep in mind is that your Ultimate Rewards® points earned with the Preferred® card can be combined with Ultimate Rewards® points you earn with other Chase cards in the program; therefore, if you already have a card in the Ink or Freedom families, you might be better off with Chase Sapphire Preferred® Card. Furthermore, Ultimate Rewards® points don’t require brand loyalty to a particular hotel or airline, BUT Chase does partner with several airline and hotel loyalty programs to which you can transfer your points and possibly see their value increase dramatically.

Bank of America® Premium Rewards® vs. Chase Sapphire Reserve®

Chase Sapphire Reserve®

Although they both award points and travel credits, the Bank of America® Premium Rewards® card and Chase Sapphire Reserve® have significant differences.

Chase Sapphire Reserve® is one of the best luxury cards available, but comes at a high cost: $550 annually. Though pricey, the card offers a number of valuable perks such as $300 in travel credits, free lounge access, Global Entry and TSA Pre✓® fee reimbursement, and travel insurance that will cover up to $20,000 for a cancelled or interrupted trip. Plus, there are no foreign transaction fees and points are worth 50% more when redeemed for travel through Chase Ultimate Rewards®.

If you can't justify the price tag for the Chase Sapphire Reserve®, the Bank of America® Premium Rewards® card is a solid choice. Its annual fee is much lower, and you receive $200 in travel credits as well as travel insurance protections.

While both cards offer nice point bonuses for new cardholders, be aware that these points have different spending requirements and values. To earn the 50,000-point welcome bonus for the Chase Sapphire Reserve®, you'll need to spend $4,000 on purchases within three months of opening your account. The 50,000 points you receive have a value of up to $750 when redeemed for travel through Chase Ultimate Rewards®. The 50,000 points offered by Bank of America® Premium Rewards® have a $500 value, but you only need to spend at least $3,000 within the first 90 days to receive them.

As far as ongoing rewards goes, the Reserve® card earns 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually; 3X points on other travel and dining; and 1X point per dollar spent on all other purchases.

Bank of America® Premium Rewards® vs. Bank of America® Customized Cash Rewards credit card

Bank of America® Customized Cash Rewards credit card

The Bank of America® Customized Cash Rewards credit card is another Bank of America credit card that rewards your loyalty to the bank with rewards bonuses, and this one even allows you the flexibility to choose a category in which you'll earn the highest cash back rewards from among six options: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings.

With the Customized Cash Rewards card, you earn 3% back in a category of your choosing from the list of six above. You can change your category once each calendar month. You'll also earn 2% back at grocery stores and wholesale clubs on up to $2,500 combined spending in your choice category/grocery store/wholesale club purchases each quarter (then 1%), plus 1% back on all your other purchases.

Given that both travel and dining are 3% category options, you could structure this card to reward you similarly to how the Premium card works, but you won't be getting the airline fee statement credit or the Global Entry and TSA Pre✓® application credit. Importantly, you should also note that this card DOES charge foreign transactions fees: 3% of each purchase while abroad.

Preferred Rewards clients can also receive a 25-75% cash back bonus on each transaction depending on your tier with this card.

The Bank of America® Customized Cash Rewards credit card card also features a welcome offer: Earn a $200 online cash rewards bonus after you spend $1,000 on purchases in the first 90 days of account opening.

IS BANK OF AMERICA® PREMIUM REWARDS® A GOOD CARD?

The best applicant for the Bank of America® Premium Rewards® credit card is a person who budgets their money wisely so as to reap the benefits and not waste them. This person will enjoy traveling and dining out and seeing their points grow just for using this card for everyday purchases. The perfect cardholder will not have one brand of hotel or airline to which they are loyal, but WILL hold an account with Bank of America – preferably one (or several) that qualify you for the Preferred Rewards program.

Survey Methodology: CardRatings commissioned Op4G in September and October 2020 to conduct surveys among 1,746 cardholders nationwide. CardRatings website analytics from Jan. 1, 2020-Aug. 31, 2020 were used to determine a selection of the most popular cards and additional cards were added to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents' scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to "How likely are you to recommend this card to a friend, coworker or family member?" was double weighted.

Bank of America® Premium Rewards® credit card Compared to Other Travel rewards Cards

Rewards

Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases. If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means you could earn up to 3.5 points for every $1 spent on travel and dining purchases. No limit to the points you can earn and your points don't expire. 

Rewards

Earn unlimited 2X miles on every purchase, every day. Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get our best prices on thousands of trip options. 

Rewards

Earn 3 Points per $1 spent at Restaurants and Supermarkets. Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels. Earn 1 Point per $1 spent on all other purchases. 

Rewards

Earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases 

Rewards

Earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership. Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel. 

Bonus Rewards

Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening. 

Bonus Rewards

Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel  

Bonus Rewards

Earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening  

Bonus Rewards

Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.  

Bonus Rewards

Earn 100,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.  
Источник: https://www.cardratings.com/credit-card/bank-of-america-premium-rewards-credit-card.html

Update 4/12/20: it might just have been their personalized offer that shows the 4/12 end date.

Update 4/12/20: Today is showing as the last day for this offer. Hat tip to reader Cliftonmcdnl

The Bank of America Premium Rewards credit card is now available for applications. With benefits and sign up bonuses as predicted.

Contents

Card Basics

  • Annual fee of $95 (not waived first year)
  • $100 Airline Incidental Statement Credit annually for qualifying purchases such as seat upgrades, baggage fees, in-flight services and airline lounge fees. Only applies to domestic-originated flights on certain U.S. Domestic airline carriers.
  • $100 airport security statement credit towards TSA Pre✓ ® or Global Entry Application fee every four year
  • Sign up bonus of 50,000 points after $3,000 in purchases within the first 90 days of account opening
  • Card earns at the following rates:
  • No foreign transaction fees
  • Eligible for Bank of America Preferred Rewards, meaning you can get an additional 25-75% rewards on all purchases. Makes the card earn at the following rates with top tier status:
    • 3.5x points per $1 spent on travel & dining purchases
    • 2.625x points per $1 spent on all other purchases
  • Points are worth 1¢ each and can be redeemed for cash back as a statement credit into eligible Bank of America or Merrll Lynch accounts or to purchase travel through the Bank of America travel center or to redeem gift cards

Card Benefits

$100 Travel Incidental Credit

This card gives you a $100 airline incidental statement credit every calendar year. This is big news as it means you can get use the credit twice but only pay the annual fee once (e.g apply now and use for 2017 and then use it again in 2018). To use the credit you just need to use the Premium Rewards card to pay your airline incidentals and then allow 7 days for the statement credit to post to your account. Unfortunately only  the following is eligible:domestic-originated flights on certain U.S.-domestic airline carriers that include: preferred seating upgrades, ticket change/cancellation fees, checked baggage fees, in-flight entertainment, onboard food and beverage charges, and airport lounge fees affiliated with eligible airline carriers.

The following as specifically excluded in the fine print: Airline ticket purchases, mileage point purchases, mileage point transfer fees, gift cards, duty-free purchases, award tickets and fees incurred with airline alliance partners do not qualify. Airline incidental fee transactions must be separate from airline ticket charges. In practice we don’t know what will and won’t work. I’ll keep this section of this post updated with what does and doesn’t work with datapoints as they come in, please share yours in the comments when possible.

They list the following Merchant Category Codes as qualifying: 3000, 3001, 3057, 3058, 3063, 3066, 3132, 3174, 3196 or 3256. You can find datapoints on what does/doesn’t work here.

TSA Pre✓/Global Entry Credit

You’re eligible for one statement credit per account every four years for either TSA Pre✓ ($85) or Global Entry ($100). You might as well get Global Entry as it includes Pre✓ as well. You just need to use your card to pay for application fee.

Emergency Travel Benefits

  • Trip Delay Reimbursement of $500 per ticker purchased for you and your eligible family members for reasonable expenses if a covered trip is delayed for more than 12 hours
  • Trip Cancellation/Interruption of up to $5,000 per person per trip for the unused prepaid non-refundable travel expenses including passenger fares, tours, and hotels if you have to cancel due to a covered reason
  • Baggage Delay of up to $100 per day (up to five days) when your bags are delayed or misdirected by a common carrier for more than six hours for essential items including clothing.
  • Lost Luggage Reimbursement provides coverage for luggage and it’s contents if they are lost or stolen due to theft or misdirection by the common carrier
  • Common Carrier Travel Accident Insurance provides coverage against accidental lost of life, limb, or sight while travelling by land, air or sea on a licensed common carrier when tickets have been purchased using this card
  • Travel and Emergency Assistant Services provides help cordinating medical, legal and travel services when you are traveling.
  • Emergency Evacuation and Transportation Coverage if you or a member of your immediate family are injured or become sick during a trip far from home that results in an emergency evacuation you can be covered for eligible medical services and transportation

Purchase Benefits

  • Purchase Security. Repair/replace/reimburse you if an eligible item purchased with the card is stolen or damaged within 90 days of purchase. Up to $10,000 per claim
  • Warranty Manager Service. Doubles the time period of the manufacturers’ warranty up to one additional year for eligible items purchased with card.
  • Return Protection. Provides reimbursement for the cost of an eligible item of personal property if you are dissasitified with the item for any reason within 90 days of the purchase and if the retailer will not accept the return. Limited to $250 per eligible item and up to $1,000 annually. Items must be received by the benefit administrator in like-new/good working condition

Automotive Benefits

  • Auto Rental Collision Damage Waiver. Provides reimbursement for damage due to collision or theft. Coverage is supplemental to and in excess of other insurance. You must also decline the collission/loss damage waiver offered by the auto rental agency.
  • Roadside Dispatch Program. 24/7 on demand referral dispatch network that poviders emergency roadside assistance, towing and locksmith services.

How Much Are Points Worth?

Points are worth 1¢ each and can be redeemed for cash back into a Bank of America checking or savings account (or various Merrill Lynch accounts) or as a statement credit. In addition you can redeem points for travel at the travel center or for gift cards. Minimum redemption is 2,500 ($25) for all options.

Preferred Rewards

Bank of America’s preferred rewards program is where it becomes interesting for ongoing spend. We have discussed this program in detail before here. But basically is if you have assets held in Bank of America accounts (or Merrill Lynch) you’re eligible for a bonus as a Preferred Rewards relationship client. Here are the tiers:

  • Preferred Rewards Gold $20,000 – $50,000:  25% bonus on rewards
    • 2.5x points per $1 spent on travel & dining purchases
    • 1.875x points per $1 spent on all other purchases
  • Preferred Rewards Platinum $50,000-$100,000: 50% bonus on rewards
    • 3x points per $1 spent on travel & dining purchases
    • 2.25x points per $1 spent on all other purchases
  • Preferred Rewards Platinum Honors $100,000+: 75% bonus on rewards
    • 3.5x points per $1 spent on travel & dining purchases
    • 2.625x points per $1 spent on all other purchases

Our Verdict

It’s hard to make a case against signing up for this card, it comes with a sign up bonus worth $500 in cash or statement credit (using for travel/gift cards doesn’t make a lot of sense, just redeem for statement credit and then make those travel/gift card purchases on the card instead) and you can also get $200 in travel incidental credits and only pay a $95 annual fee. The downside is that there is a $3,000 minimum spend requirement but that isn’t excessive given the sign up bonus. I suspect this is only the launch bonus and it will be decreased over time (we saw the same with the Chase Sapphire Reserve and also the Blue Business Plus).

Keeping the card long term would only real make sense if you had Preferred Rewards as otherwise you’d be better off just using a 2%+ cash back card for all purchases (otherwise it’s 1.5% on all purchases and then 2% on travel/restaurants). For those with Preferred Rewards this card would be better option than say the travel rewards card (this card also gives 2.625x on all purchases with the highest Preferred Rewards status but can’t be redeemed for cash back), but that’s only true if the travel credit would offset the annual fee for you (or the convenience of being able to cash out your rewards instead of having to use them for travel).

For most people this will be a card that is at the very least worth signing up for the 50,000 point sign up bonus and the $100 travel incidental credits * 2 that you’ll be able to get. Because of that I’ll be adding it to our list of the best credit card sign up bonuses. I also imagine that this saddly means the Merrill+ is no longer available, but if anybody tries to sign up please let us know. If you have any questions about Bank of America credit cards in general, I’d recommend reading this post. There is also a $100 checking bonus currently available, not sure if that helps get approved or not.

F.A.Q’s

Do you get the Preferred Rewards bonus on the sign up bonus?

Unfortunately I don’t think so. You get this bonus on purchases and not the sign up bonus.

Can I triple dip the travel credit by applying in December?

This might be possible, will likely depend on how quickly the statement credit posts (looks like it should be within 7 days but isn’t entirely clear if this is 7 days of the purchase posting or the statement cycle posting).

Can you product change to this card?

According to this datapoint, you can. Just keep in mind that by product changing you will not get the sign up bonus.

Will Bank of America expedite this card?

  • Yes (for Preferred Rewards customers by calling 888.888.7937): 1

Can you transfer points to this card?

Yes, travel rewards & AAA points can be transferred to this card but cash rewards cannot be transferred. This is useful as this premium card gives you the option of redeeming points for cash back/statement credit.

Does this card have any transfer partners?

No

 

 

Источник: https://www.doctorofcredit.com/bank-america-premium-rewards-credit-card-now-live-50000-point-bonus-100-annual-travel-credit/

Bonus Offer

Offer is valid on new accounts only. To qualify, company must spend $3,000 within the first three months of account opening to receive the bonus. 10,000 bonus points will be credited within 60 days of qualification under the description: Commercial Spend Bonus.

Earning Points

Base Rewards Tier: Earns (i) one (1) point for each dollar you spend for net retail purchases (gross retail purchases less any returns or credits), (ii) three (3) points for each dollar you spend for net retail purchases in the follow rewards category: gas stations (2 additional points on top of the 1 point per dollar earned on net retail purchases), (iii) two (2) points for each dollar you spend for net retail purchases in the following rewards categories: restaurants and travel (airlines, auto rental, and lodging) (1 additional point on top of the 1 point per dollar earned on net retail purchases).

Rewards Categories: Merchants who accept Visa credit cards are assigned a merchant code, which is determined by the merchant or its processor in accordance with Visa procedures based on the kinds of products and services they primarily sell. We group similar merchant codes into categories for purposes of making reward offers to you. We make every effort to include all relevant merchant codes in our rewards categories. However, even though a merchant or some of the items that it sells may appear to fit within a rewards category, the merchant may not have a merchant code in that category. When this occurs, purchases with that merchant won't qualify for rewards offers on purchases in that category.

Businesses may earn up to 10,000 points per calendar month, excluding bonus points. Points earned are available for redemption for a 3 year term. Points expiring during the year will be cleared from the Program Account on the last day of the month in which they expire.

Rewards Redemption

Businesses in the Base Rewards Tier may redeem points for (i) cash back to a First Citizens checking or savings account or credit card statement credits, (ii) credit towards a First Citizens personal loan or mortgage principal, (iii) Pay Me Back statement credits, (iv) travel rewards, including airline tickets, hotel, car rentals, cruises and tours, (v) retail gift cards and certificates and (vi) merchandise and (vii) donations.

These Terms are only a summary. Other restrictions and requirements apply. The full First Citizens Rewards® Program Rules will be provided upon enrollment and are accessible via the program website at FirstCitizensRewards.com at log in.

Program Rules are subject to change or cancellation without notice.

Источник: https://www.firstcitizens.com/
1

For all Navy Federal Credit Cards: As of 11/24/2021, rates range from 5.99% APR to 18.00% APR, are based on product type and creditworthiness, and will vary with the market based on the U.S. Prime Rate. ATM cash advance fees: None if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction. $49 annual fee for Visa Signature® Flagship Rewards.

2

Credit card value claim based on internal comparative analysis of the average advertised credit card industry APR and the average "as low as" APR for Navy Federal Credit Cards. The 2020 industry average was obtained from creditcards.com. Introductory rates are not included in the calculations.

3

As of 11/24/2021, rates range from 9.65% APR to 18.00% APR, are based on creditworthiness, and will vary with the market based on the U.S. Prime Rate. ATM cash advance fees: None, if performed at a Navy Federal branch or ATM. Otherwise, $0.50 per domestic transaction or $1.00 per foreign transaction.

4

Claim based on the Nilson Report published February 2021, which ranks card issuers on balances outstanding as of year-end 2020.

5

The views expressed in the reviews are solely those of the individuals posting them. The testimonials are substantively the words of the individual reviewer, but may have undergone minor clerical revisions to ensure readability, add context, or protect private information. Any imagery displayed is for decorative purposes only and is not necessarily associated with the reviewer.

6

Navy Federal Credit Union received the highest CX Index™ score, the highest performance rating in customer service, clearcommunication, as well as the highest performance rating for providing transparent prices/rates/fees, and the highest customer recommendation score among multichannel banks in Forrester's proprietary 2021 CX Index™ survey. The ranking was based on responses from 13,443 US individuals measuring 18 brands in the industry.

The Navy Federal More Rewards American Express® Card is issued and administered by Navy Federal Credit Union. American Express is a federally registered service mark of American Express and is used by the issuer pursuant to a license.

Источник: https://www.navyfederal.org/loans-cards/credit-cards.html

Bank of America Premium Rewards Credit Card vs Costco Anywhere Visa® Card by Citi

  • Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening

  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases

  • If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase

  • No limit to the points you can earn and your points don't expire

  • Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill® accounts, or gift cards or purchases at the Bank of America Travel Center

  • Get up to $100 in Airline Incidental Credits annually and TSA Pre✓®/Global Entry Statement Credits of up to $100, every four years

  • No Foreign Transaction Fees

  • Low $95 annual fee

  • Contactless Cards - The security of a chip card, with the convenience of a tap

  • Источник: https://clyde.ai/credit-card-comparisons/101-36-bank-of-america-premium-rewards-credit-card-vs-costco-anywhere-visa-card-by-citi-comparison

    Rewards Credit Card Reviews

    Skip to content

    Most Recent

    All You Need to Know About Credit Card Points

    March 31, 2020Trevor Wallis

    Credit card points are a great way to use your everyday spending to enjoy life even more. Depending on the card you choose, you can earn points t…

    Guide to Southwest Rapid Rewards

    March 30, 2020Trevor Wallis

    Southwest Airlines is a no-frills airline known for its fantastic customer service. Through Southwest Rapid Rewards, its award-winning rewar…

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    March 24, 2020Trevor Wallis

    With over 7,000 properties in 30 different countries, your chances of finding a Marriott property while traveling are great. As the world’s secon…

    Источник: https://bestcreditcards.com/rewards-card-reviews/

    Fidelity® Rewards Visa Signature® Card

    We may change APRs, fees, and other Account terms in the future based on your experience with Elan Financial Services and its affiliates as provided under the Cardmember Agreement and applicable law.

    1. You will earn 2 Points per dollar in eligible net purchases (net purchases are purchases minus credits and returns) that you charge. Account must be open and in good standing to earn and redeem rewards and benefits. Upon approval, refer to your Program Rules for additional information. You may not redeem Reward Points, and you will immediately lose all of your Reward Points, if your Account is closed to future transactions (including, but not limited to, due to Program misuse, failure to pay, bankruptcy, or death). Reward Points will not expire as long as your Account remains open. Certain transactions are not eligible for Reward Points, including Advances (as defined in the Agreement, including wire transfers, travelers checks, money orders, foreign cash transactions, betting transactions, lottery tickets and ATM disbursements), Annual Fee, convenience checks, balance transfers, unauthorized or fraudulent charges, overdraft advances, interest charges, fees, credit insurance charges, transactions to fund certain prepaid card products, U.S. Mint purchases, or transactions to purchase cash convertible items. The 2% cash back rewards value applies only to Points redeemed for a deposit into an eligible Fidelity account. The redemption value is different if you choose to redeem your Points for other rewards such as travel options, merchandise, gift cards, and/or statement credit. Other restrictions apply. Full details appear in the Program Rules new card customers receive with their card. Establishment or ownership of a Fidelity account or other relationship with Fidelity Investments is not required to obtain a card or to be eligible to use Points to obtain any rewards offered under the program other than Fidelity Rewards.

    2.

    Because the interest and other fees charged on any outstanding balance are greater than the cash value of the rewards points, you may pay more in http www tdbank com giftcardinfo and interest than the value of the points you earn if you do not pay your bill in full each month.

    3.

    To receive a deposit, you must link your eligible Fidelity® account to your card. This can be accomplished in any of following ways. 1. You may contact Elan Financial Services Customer Service at the toll-free phone number located on the back of your credit card and provide them with your eligible Fidelity® account (s) number. 2. Simply select the “Manage Reward Points” hyperlink from the credit card snapshot page on Fidelity.com and follow the easy steps. You may also watch a brief video that describes the linking process on the credit card snapshot page also found on Fidelity.com. Please note that automatic redemptions will occur on a monthly basis as long as you have reached the point redemption threshold of 2,500 Points.

    4.

    Eligible accounts include most nonretirement registrations as well as Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, Fidelity Charitable® Giving Account®, Fidelity HSA®, and Fidelity®-managed 529 College Savings Plan accounts. The ability to contribute to an IRA or 529 college savings plan account is subject to IRS rules and specific program policies, including those on eligibility and annual and maximum contribution limits. Full details appear in the Program Guidelines new card customers receive with their card. Contributions to Fidelity Charitable® wells fargo business routing number generally eligible for a federal income tax charitable deduction. Please consult with your tax advisor. The list of eligible registration types may change without notice at Fidelity’s sole discretion. For more information about whether a particular registration is eligible, please call 1-800-FIDELITY (800-343-3548).

    5. Certain restrictions apply to each benefit. Details accompany new account materials.

    6.

    Elan Financial Services provides zero fraud liability for unauthorized transactions. Cardmember must notify Elan Financial Services promptly of any unauthorized use. Certain conditions and limitations may apply.

    7.

    Cardmembers are responsible for the cost of any goods or services purchased by the Visa Signature Concierge on cardmembers’ behalf.

    8. Fidelity Rewards+ generally requires $250,000 invested through Fidelity® Wealth Services, Fidelity® Strategic Disciplines, or a combination of both registered as an individual account, a joint account, or certain types of revocable trusts. Assets in other registration types, such as irrevocable trusts, partnerships, or LLCs, will not be included when determining program eligibility. Fidelity Rewards is not offered as a component of any advisory service or program through Fidelity, including, without limitation, Fidelity® Wealth Services and Fidelity® Strategic Disciplines. Boa premium rewards credit card review there are no program enrollment fees, eligible managed accounts are charged an advisory fee.

    The Contactless Symbol and Contactless Indicator are trademarks owned by and used with the permission of EMVCo, LLC.

    Fidelity Charitable® is the brand name for Fidelity Investments® Charitable Gift Fund, an independent public north south america map with a donor-advised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo and Fidelity are registered service marks of FMR LLC, used by Fidelity Charitable under license.

    "Giving Account" is a registered service mark of the Trustees of Fidelity® Charitable.

    Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Pay is a trademark of Apple Inc.

    Google, Google Pay and the Google Logo are trademarks of Google LLC.

    ©2020 Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd. Use only in accordance with law.

    © 2021 The Kiplinger Washington Editors. Used under License.

    Fidelity Go® provides discretionary investment management for a fee. Advisory services offered by Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment adviser. Brokerage services provided by Fidelity Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. FPWA, FBS and NFS are Fidelity Investments companies.

    The creditor and issuer of this card is Elan Financial Services, pursuant to a license from Visa U.S.A. Inc.

    Fidelity® and Elan Financial Services are separate companies.

    Visa and Visa Signature are registered trademarks of Visa International Service Association and are used by the issuer pursuant to a license from Visa U.S.A., Inc.

    Third-party trademarks appearing herein are the property of their respective owners. All other service marks are property of FMR LLC.

    Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

    Источник: https://www.fidelity.com/cash-management/visa-signature-card

    Update 4/12/20: it might just have been their personalized offer that shows the 4/12 end date.

    Update 4/12/20: Today is showing as the last day for this offer. Hat tip to reader Cliftonmcdnl

    The Bank of America Premium Rewards credit card is now available for applications. With benefits and sign up bonuses as predicted.

    Contents

    Card Basics

    • Annual fee of $95 (not waived first year)
    • $100 Airline Incidental Statement Credit annually for qualifying boa premium rewards credit card review such as seat upgrades, baggage fees, in-flight services and airline lounge fees. Only applies to domestic-originated flights on certain U.S. Domestic airline carriers.
    • $100 airport security statement credit towards TSA Pre✓ ® or Global Entry Application fee every four year
    • Sign up bonus of 50,000 points after $3,000 in purchases within the first 90 days of account opening
    • Card earns at the following rates:
    • No foreign transaction fees
    • Eligible for Bank of America Preferred Rewards, meaning you can get an additional 25-75% rewards on all purchases. Makes the card earn at the following rates with top tier status:
      • 3.5x points per $1 spent on travel & dining purchases
      • 2.625x points per $1 spent on all other purchases
    • Points are worth 1¢ each and can the nearest bank of america atm near me redeemed for cash back as a statement credit into eligible Bank of America or Merrll Lynch accounts or to purchase travel through the Bank of America travel center or to redeem gift cards

    Card Benefits

    $100 Travel Incidental Credit

    This card gives you a $100 airline incidental boa premium rewards credit card review credit every calendar year. This is big news as it means you can get use the credit twice but only pay the annual fee once (e.g apply now and use for 2017 and then use it again in 2018). To use the credit you just need to use the Premium Rewards card to pay your airline incidentals and then allow 7 days for the statement credit to post to your account. Unfortunately only  the following is eligible:domestic-originated flights on certain U.S.-domestic airline carriers that include: preferred seating upgrades, ticket change/cancellation fees, checked baggage fees, in-flight entertainment, onboard food and beverage charges, and airport lounge fees affiliated with eligible airline carriers.

    The following as specifically excluded in the fine print: Airline ticket purchases, mileage point purchases, mileage point transfer fees, gift cards, duty-free purchases, award tickets and fees incurred with airline alliance partners do not qualify. Airline incidental fee transactions must be separate from airline ticket charges. In practice we don’t know what will and won’t work. I’ll keep this section of this post updated with what does and doesn’t work with datapoints as they come in, please share boa premium rewards credit card review in the comments when possible.

    They list the following Merchant Category Codes as qualifying: 3000, 3001, 3057, 3058, 3063, 3066, 3132, 3174, 3196 or 3256. You can find datapoints on what does/doesn’t work here.

    TSA Pre✓/Global Entry Credit

    You’re eligible for one statement credit per account every four years for either TSA Pre✓ ($85) or Global Entry ($100). You might as well get Global Entry as it includes Pre✓ as well. You just need to use your card to pay for application fee.

    Emergency Travel Benefits

    • Trip Delay Reimbursement of $500 per ticker purchased for you and your eligible family members for reasonable expenses if a covered trip is delayed for more than 12 hours
    • Trip Cancellation/Interruption of up to $5,000 per person per trip for the unused prepaid non-refundable travel expenses including passenger fares, tours, and hotels if you have to cancel due to a covered reason
    • Baggage Delay of up to $100 per day (up to five days) when your bags are delayed or misdirected by a common carrier for more than six hours for essential items including clothing.
    • Lost Luggage Reimbursement provides coverage for luggage and it’s contents if they are lost or stolen due to theft or misdirection by the common carrier
    • Common Carrier Travel Accident Insurance provides coverage against accidental lost of life, limb, or sight while travelling by land, air or sea on a licensed common carrier when tickets have been purchased boa premium rewards credit card review this card
    • Travel and Emergency Assistant Services provides help cordinating medical, legal and travel services when you are traveling.
    • Emergency Evacuation and Transportation Coverage if you or a member of your immediate family are injured or become sick during a trip far from home that results in an emergency evacuation you can be covered for eligible medical services and transportation

    Purchase Benefits

    • Purchase Security. Repair/replace/reimburse you if an eligible item purchased with the card is stolen or damaged within 90 days of purchase. Up to $10,000 per claim
    • Warranty Manager Service. Doubles the time period of the manufacturers’ warranty up to one additional year for eligible items purchased with card.
    • Return Protection. Provides reimbursement for the cost of an eligible item of personal property if you are dissasitified with the item money market savings capital one any reason within 90 days of the purchase and if the retailer will not accept the return. Limited to $250 per eligible item and up to $1,000 annually. Items must be received by the benefit administrator in like-new/good working condition

    Automotive Benefits

    • Auto Rental Collision Damage Waiver. Provides reimbursement for damage due to collision or theft. Coverage is supplemental to and in excess of other insurance. You must also decline the collission/loss damage waiver offered by the auto rental agency.
    • Roadside Dispatch Program. 24/7 on demand referral dispatch network that poviders emergency roadside assistance, towing and locksmith services.

    How Much Are Points Worth?

    Points are worth 1¢ each and can be redeemed for cash back into a Bank of America checking or savings account (or various Merrill Lynch accounts) or as a statement credit. In addition you can redeem points for travel at the travel center or for gift cards. Minimum redemption is 2,500 ($25) for all options.

    Preferred Rewards

    Bank of America’s preferred rewards program is where it becomes interesting boa premium rewards credit card review ongoing spend. We have discussed this program in detail before here. But basically is if you have assets held in Bank of America accounts (or Merrill Lynch) you’re eligible for a bonus as a Preferred Rewards relationship client. Here are the tiers:

    • Preferred Rewards Gold $20,000 – $50,000:  25% bonus on rewards
      • 2.5x points per $1 spent on travel & dining purchases
      • 1.875x points per $1 spent on all other purchases
    • Preferred Rewards Platinum $50,000-$100,000: 50% bonus on rewards
      • 3x points per $1 spent on travel & dining purchases
      • 2.25x points per $1 spent on all other purchases
    • Preferred Rewards Platinum Honors $100,000+: 75% bonus on rewards
      • 3.5x points per $1 spent on travel & dining purchases
      • 2.625x points per $1 spent on all other www zillow homes for sale Verdict

        It’s hard to make a case against signing up for this card, it comes with a sign up bonus worth $500 in cash or statement credit (using for travel/gift cards doesn’t make a lot of sense, just redeem for statement credit and then make those travel/gift card purchases on the card instead) and how to find your routing number pnc can also get $200 in travel incidental credits and only pay a $95 annual fee. The downside is that there is a $3,000 minimum spend requirement but that isn’t excessive given the sign up bonus. I suspect this is only the launch bonus and it will be decreased over time (we saw the boa premium rewards credit card review with the Chase Sapphire Reserve and also the Blue Business Plus).

        Keeping the card long term would only real make sense if you had Preferred Rewards as otherwise you’d be better off just using a 2%+ cash back card for all purchases (otherwise it’s 1.5% on all purchases and then 2% on travel/restaurants). For those with Preferred Rewards this card would be better option than say the travel rewards card (this card also gives 2.625x on all purchases with the highest Preferred Rewards status but can’t be redeemed for cash back), but that’s only true if the travel credit would offset the annual fee for you (or the convenience of being able to cash out your rewards instead of having to use them for travel).

        For most people this will be a card that is at the very least worth signing up for the 50,000 point sign up bonus and the $100 travel incidental credits * 2 that you’ll be able to get. Because of that I’ll be boa premium rewards credit card review it to our list of the best credit card sign up bonuses. I also imagine that this saddly means the Merrill+ is no longer available, but if anybody tries to sign up please let us know. If you have any questions about Bank of America credit cards in general, I’d recommend reading this post. There is also a $100 checking bonus currently available, not sure if that helps get approved or not.

        F.A.Q’s

        Do you get the Preferred Rewards bonus on the sign up bonus?

        Unfortunately I don’t think so. You get this bonus on purchases and not the sign up bonus.

        Can I triple dip the travel credit by applying in December?

        This might be possible, will likely depend on how quickly the statement credit posts (looks like it should be within 7 days but isn’t entirely clear if this is 7 days of the purchase posting or the statement cycle posting).

        Can you product change to this card?

        According to this datapoint, you can. Just keep in mind that by product changing you will not get the sign up bonus.

        Will Bank of America expedite this card?

        • Yes (for Preferred Rewards customers by calling 888.888.7937): 1

        Can you transfer points to this card?

        Yes, travel rewards & AAA points can be transferred to this card but cash rewards cannot be transferred. This is useful as this premium card gives you the option of redeeming points for cash back/statement credit.

        Does this card have any transfer partners?

        No

         

         

    Источник: https://www.doctorofcredit.com/bank-america-premium-rewards-credit-card-now-live-50000-point-bonus-100-annual-travel-credit/

    Rewards Credit Card Reviews

    Skip to content

    Most Recent

    All You Need to Know About Credit Card Points

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    Credit card points are a great way to use your everyday spending to enjoy life even more. Depending on the card you choose, you can earn points t…

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    44: Bank of America Premium Rewards Credit Card Review

    I review the Bank of America Premium Rewards Credit Card – an easy $600+ profit in year one!

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    Rough Transcript:

    You’re listening to the Hurdy Gurdy Travel Podcast. I’m your host, Justin Vacula, here to help you travel the world at next to no cost through credit card points, miles, benefits, and rewards. Make money, save money, and take advantage of great deals!

    Visit my website at HurdyGurdyTravel.com to contact me, find me on social media, and read episode transcripts. Support the show through Patreon, SubscribeStar, and referral links! Watch me on camera on YouTube and listen on many podcast platforms. More information at the end of the show…

    Thanks for joining me for episode 44 – Bank of America Premium Rewards Credit Card Review – a solid card for more than $600 value in year one!

    Happy moments! Another recent credit card approval for me in addition to the Discover IT NHL card, Hilton Surpass card, and US Bank Altitude Reserve card…and I still have some pending applications.

    The Bank of America Premium Rewards credit card is a really solid personal card giving a $50,000 points signup bonus for spending only $3000 in 90 days. The 50k points can be used as statement credits worth $500 among many other options like effectively erasing travel purchases. To simplify, it may be best to just cash out points as statement credits rather than waiting to erase travel purchases especially when you’re using points and miles from other cards to travel.

    Another nice perk is a yearly $100 airline incidental credit which can cover checked bags, seat upgrades, and even purchases of airline miles with Delta through the mileage boost feature. Since I got this card in August, I can use the airline incidental credit two times only paying the annual fee one time – $100 in 2020 and another $100 in 2021. The $95 annual fee is offset by the $100 airline credit especially considering one can use it twice for only paying an annual fee once.

    Like many other cards, the Bank of America Premium Rewards credit card offers a $100 credit towards TSA Pre or Global Entry every four years – not bad for those who don’t have either…and one can also gift this to a friend or family member. TSA Pre is nice to skip lines in airports and Global Entry is even better because it includes TSA Pre, gives you another form of ID, and allows for faster transit between airports after international flights.

    The points earning for everyday spend isn’t so great on the Bank of America Premium Rewards card, but the big wins are with the signup bonus and airline incidental credits. Cardholders get only two points per dollar spent on dining and travel – not horrible, but not at the top like 4x points from the Amex personal Gold Card or 3x points on travel from cards like US Bank Altitude Reserve and Chase Sapphire Reserve…and Bank of America points are only worth one cent per point which is much lower than 1.5 cents or more per point with transferable points.

    However, Bank of America Premium Rewards points earnings can be better if you have balances with Bank of America qualifying for preferred rewards. At least $20,000 in Bank of America deposit accounts including investments with Merrill Edge gives a 25% bonus in rewards. $50,000 gives a 50% bonus. $100,000 gives a 75% bonus.

    The money sitting with Bank of America gives bonuses, but comes with opportunity cost. Could $20,000 do more for you sitting elsewhere like other bank or investment accounts working towards cash bonuses? Could you instead actively use the $20,000 to make more money? Maybe parking money in Merrill Edge can be nice for those with lots of money who lack time to more actively have the money work for them…and the proposition is even better for those with multiple Bank of America cards although not as compelling for those with many credit cards because the category return from Preferred Rewards won’t be as appealing.

    I don’t see myself parking large amounts of money with BoA because I prefer more active money-making. I spread lots of money across lots of different accounts and need to keep readily available money for reselling purposes paying down credit card balances, so keeping $20k or more in an investment account doesn’t make sense for me, but it can for others especially high spenders who will gain more from increased category bonuses.

    Thanks for listening so far around the halfway point of the video! Please subscribe, like, share, and comment below especially if you’re listening on YouTube. If you’re not on YouTube, find my channel at Hurdy Gurdy Travel Podcast! Now, back to the Bank of America Premium Rewards credit card.

    One will be slightly ahead keeping the Bank of America Premium Rewards Credit Card past year one, but not by much especially if they don’t highly value the airline incidental credits. I’ll probably use the airline incidental credits to buy miles with Delta at two cents per point, not a horrible deal, and can use them to pay for award flight taxes and fees. I won’t find great value in using airline incidental credits for seat upgrades because I find more value in offsetting taxes and fees and buying miles.

    One can likely product change the Premium Rewards card after one year and perhaps slightly longer than that depending on when the annual fee hits for year two. Since I’m approved in August, I’ll get the $100 airline incidental fee for use in 2020 and it will reset in 2021. The second year annual fee will trigger in late 2021. I could pay the $95 annual fee in late 2021 and then seek to product change in January of 2022 after redeeming a third airline incidental credit.

    In this case, I’ll be ahead $5, but it should be best to just product change as soon as possible rather than dealing with the airline incidental credit for a $5 profit. Even if Bank of America doesn’t allow a product change for some reason, the continued annual fee is offset by the airline incidental credit…and maybe they’ll provide a retention offer in years two and beyond with some points or annual fee waiver.

    One can hopefully product change to the Cash Rewards card for the 3% bonus category of online shopping rather than likely hardly using the Premium Rewards Card after the signup bonus and using airline incidental credits. One can get 3% back on $10,000 of spend in a year if maximizing the online shopping category or $100 more than a 2% everywhere card. Not bad especially for high spenders, but low spenders won’t have as much to gain especially since they’ll benefit more from working on signup bonuses and high spending goals.

    Maybe the Bank of America Premium Rewards card can be right for you. The 50,000 point or $500 signup bonus, $100 airline incidental credit, TSA Pre or Global Entry credit, and other benefits make the card a big winner even after the small $95 annual fee. I’d prioritize cards with Chase, getting cards with Chase while you still can, but this is an easy choice following the dreaded Chase 5/24 rule I talk about in many episodes including #35.

    Thanks for listening and stay tuned for more content!

    Visit my website at HurdyGurdyTravel.com where you can contact me, read episode transcripts, complete a free credit card questionnaire to receive tailored recommendations, follow me on social media, listen to past episodes, and subscribe to my mailing list.

    Support my work through PayPal, the Cash App, and using referral links by visiting the donate tab on my website. Subscribe on my Patreon and SubscribeStar pages to receive perks including special one-on-one boa premium rewards credit card review consultations, a custom podcast episode, and the ability to ask podcast guests your questions!

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    Schedule a free 15-minute consultation with full-time business coach and YouTuber Cakeologi who can help you formally establish your business, build business credit, and get premium business credit cards. When you select from various paid services after the free consultation, I will receive credit for referring you. Listen to Cakeologi on episode twelve of my podcast. Visit his websites at cakeologi.com – that’s c-a-k-e-o-l-o-g-i and burstbiz.com – b-u-r-s-t-b-i-z and tell him I sent you. E-mail him youtube@cakeologi.com

    Visit my other podcast at stoicsolutionspodcast.com where you can find practical wisdom for everyday life inspired by the ancient philosophers boa premium rewards credit card review Greece and Rome.

    Thanks to generous patrons and fans of this podcast who help support my work. Have a great day!

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    Источник: https://hurdygurdytravel.com/2020/08/20/44-bank-of-america-premium-rewards-credit-card-review/

    Bank of America Premium Rewards Credit Card vs Costco Anywhere Visa® Card by Citi

  • Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account opening

  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases

  • If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase

  • No limit to the points you can earn and your points don't expire

  • Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill® accounts, or gift cards or purchases at the Bank of America Travel Center

  • Get up to $100 in Airline Incidental Credits annually and TSA Pre✓®/Global Entry Statement Credits of up to $100, every four years

  • No Foreign Transaction Fees

  • Low $95 annual fee

  • Contactless Cards - The security of a chip card, with the convenience of a tap

  • Источник: https://clyde.ai/credit-card-comparisons/101-36-bank-of-america-premium-rewards-credit-card-vs-costco-anywhere-visa-card-by-citi-comparison
    boa premium rewards credit card review

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    5 Replies to “Boa premium rewards credit card review”

    1. @a d nithiyen waren ponnayo genuth ekathuwela munta gahanna oni.paw are ahinsakaya. Mulinma kathakaranna egena ganin.munwa athugalama denna oni lankawen ..Mona sunakayoda me

    2. To bro mobail se start karta hu aur bro ek jankari aur batoo ki agar hume credit card banana ho to net banking se bana sakte hai kya agar ha to video banaoo

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