Bank of America Premium Rewards Card Calculator

Review the benefits of the BOA Premium Rewards Credit Card and calculate how many Travel Rewards Points you can earn based on your spend.
Updated 2020-06-16 By Robert Flowers III

The Bank of America Premium Rewards Card is a solid choice for occasional travelers that want to build a good amount of Bank of America points. It offers several perks and bonuses that more than makes up for it's small annual fee, and it provides the best point earning opportunities to anyone that invests with Bank of America themselves, Merrill Lynch, and/or Merrill Edge.

Quick Details
Issuing Bank
Card Network
Rewards Earned
Annual Fee
Authorized User Fee
Foreign Transaction Fee

Bonus Categories

The Bank of America Premium Rewards Credit Card features two bonus categories that earn extra points. These bonus categories are travel and dining purchases. There is no limit to the amount of Bank of America Travel Reward Point you can earn spending on this card.

  • 2x Travel
    • Bank of America considers travel to be:
      • Airlines
      • Hotels
      • Motels
      • Timeshares
      • Trailer parks
      • Motor home and recreational vehicle rentals
      • Campgrounds
      • Car rental agencies
      • Truck and trailer rentals
      • Cruise lines
      • Travel agencies
      • Tour operators
      • Passenger trains
      • Buses
      • Taxis
      • Limousines
      • Ferries
      • Boat rentals
      • Parking lots and garages
      • Tolls and bridge fees
      • Tourist attractions and exhibits
      • Amusement parks
      • Carnivals
      • Aquariums
      • Zoos
  • 2x Dining
    • Bars and taverns are included.
  • 1.5x Non-Category

Perks & Benefits

The Bank of America Premium Rewards Card features a handful of benefits including an annual airline credit, Global Entry/TSA PreCheck credit, and the change to earn bonus points based on your relationship with Bank of America and their partners.

  • $100 Airline Incidental Credit
    • Qualifying triggers includes:
      • Seat Upgrades
      • Ticket Change & Cancellation Fees
      • Checked Bag Fees
      • In-Flight Entertainment & Food
      • Airport Lounge Fees
  • Global Entry or TSA PreCheck Credit
    • Global Entry is for speeding through customs when re-entering the states; also grants TSA PreCheck if approved.
    • TSA PreCheck is for expedited screening through TSA checkpoints.
  • Bank of America Account Bonus
    • 10% point bonus if you have an active Bank of America checking, savings, or individual retirement account.
    • Does not stack with Preferred Rewards Client Bonus.
    • Applies to co-applicants.
    • Does not apply to Bank of America business checking and savings accounts.
  • Preferred Rewards Client Bonus
    • Earn bonus points based on amount invested with BOA, Merrill Edge, or Merrill Lynch.
    • Based on 3-month average across accounts.
    • Qualifications:
      • Gold - 25% Bonus - $20k to <$50k
      • Platinum - 50% Bonus - $50k to <$100k
      • Platinum Honors - 75% Bonus - $100k+
    • Does not stack with Bank of America Account Bonus.

Sign Up Bonus

The standard Bank of America Premium Rewards Card sign up bonus is 50,000 Bank of America Points after spending $3,000 in purchases in the first 90 days of account opening. This is worth $500 in travel, cash or gift cards.


Annual Fee

The Bank of America Premium Rewards Card annual fee is $95. This is in-line with most basic reward cards. The card comes with an annual $100 airline credit, so that takes care of the annual fee if you're able to use it. Adding on Global Entry/TSA perk and the bonus categories, you should be able to easily justify this annual fee.

Authorized User Fee

The authorized user fee for the Bank of America Premium Reward Card is $0. If you have friends or family that spend in travel and dining, I would recommend adding them as authorized users on the card.

Foreign Transaction Fee

The Bank of America Premium Rewards Card does not have a foreign transaction fee. This means you can earn Travel Reward Points at the same great rate worldwide without being penalized for transactions outside of the United States.

Rewards Calculator

You can use the rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. This calculator will also give you the dollar value of the card based on the value of the rewards earned and how much each benefit is worth to you, minus the annual fees. You can click the Compare A Card button to compare this card side by side any other card featured on the site within the same calculator.

Note! All category spend entered in the primary card's column (first column when comparing cards) will carry over to all credit card calculators on the site. This means you will not have to re-enter the same information again and again when browsing during the session.

Credit Card
This calculator will calculate the cash value of the selected credit card(s) based on spend, benefits, and fees. You can compare this card against any other rewards card side-by-side by clicking on the Compare A Card button.
Compare A Card
Edit Card Options
Compare A Card
Family Cards
These cards are part of the same family.
Similar Cards
These are similar cards based on earning structure and other benefits (that aren't part of the same family).
Search Cards
Search for credit cards by name, rewards program, or rewards currency.
Search Results Display Here
Category Spending
Enter how much you spend in each category listed. You can click on the amount to edit the value, +/- Categories to add and remove categories from the list, and Options to copy spend between columns and clear all spend.
Add Categories
Search for categories and click 'Add Category' to add it to the calculator. If you want to be more specific, you can specify domestic or international spend.
Type at least 3 characters.
Currently Selected:
Add Categories On Card Change
When you add/change a credit card comparision, the categories missing from the newly added card will be added to the list of categories. Toggle this off to prevent such from happening.
Clear Spend/Mobile
Clear All Spend will clear the spend in all categories in both columns and all saved values (cookies). Clear Mobile will remove the mobile pay option from all categories in both columns.
Copy Spend
Copies all spend amounts and their units of time from one column to the other. Does not copy mobilepay indicator.
Total Earnings
The sum of all rewards earned from Category Spending and Reward Bonuses, along with the cash value of it all based on Currency Worth.
From Spending
From Bonuses
From Loyalty
Cash Value
Cash value of Total Earnings based on Currency Worth.

Rakuten Rewards

$25 Bonus
Earn $25 or 2,500 Membership Rewards Points when you sign up for a Rakuten Rewards account and make a $25+ purchase. Rakuten and other cash back portals allows you to easily double and triple dip on rewards. I recommend using portals when booking travel or shopping online. You can sign up through The Point Calculator referral link to help out the site.
Sign Up For Free | Rakuten Review
Monetary Bonuses & Fees
Cash bonuses, annual fees, authorized user fees, and any other listed fees.
Monetary Bonuses
Annual Fee
Auth User Fee
Cash Bonuses
Annual Fee
Auth User Fee
Grand Total
The total estimated value you can get out of this card and the amount of return for your spend.
Total Card Value
The value of the card based on spend, benefits, and fees.
Total Return
The percent you are earning based on spend, earnings, and fees.

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