Bank of America® Premium Rewards® Elite Credit Card

Card Value & Bank of America Points Calculator
Bank of America® Premium Rewards® Elite Credit Card

The Bank of America® Premium Rewards® Elite credit card is a premium travel credit card that offers bonus points on travel and dining, $450 in annual credits, lounge access, and great insurance. Like other Bank of America credit cards, the card shines best when you're a Preferred Rewards client as you'll be able to earn up to a 75% point bonus on your spending.

Rewards Rates

2X
Earn an unlimited 2 points for every $1 spent on travel and dining purchases.
1.5X
Earn an unlimited 1.5 points for every $1 spent on all other purchases.

Key Cardholder Benefits

  • Receive up to $300 annually in Airline Incidental Statement Credits for qualifying purchases such as seat upgrades, baggage fees, airline lounge fees and in-flight services
  • Receive up to $150 annually for lifestyle conveniences including streaming services, food delivery, fitness subscriptions and rideshare services
  • Receive up to $100 in statement credits for either Global Entry or TSA PreCheck┬« application fees, every four years
  • Preferred Rewards members earn 25%-75% more points on every purchase. That means you could earn up to 3.5 points on travel and dining purchases and up to 2.62 points on all other purchases, for every $1 you spend.
  • Save 20% on domestic or international airfare for any class when you pay with points
  • Free unlimited access to airport lounges worldwide with your complimentary Priority PassÔäó Select Membership
  • Complimentary 24/7 Full-Service Concierge to book your travel, dinner reservations, event tickets and more

Rewards Value

Bank of America points earned with the Bank of America Premium Rewards Elite credit card are worth 1.1 cent each on average. 10,000 points is equal to $110 in value.

Redemption option Redemption value in cents
Redeeming points for airfare 1 - 1.2
Redeeming points for other travel 1
Redeeming points for dining 1
Redeeming points for cash back 0.6

Annual Fees

The Bank of America Premium Rewards Elite Credit Card has a $550 annual fee.

Premium Rewards Points Calculator

Find out how many Bank of America Rewards Points you can earn with the Premium Rewards Elite Credit Card Point Calculator as well as the cash value of those points. Results can be compared side-by-side credit cards featured on the site to see which earns you the most rewards.

Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site, so there's no need to re-enter spend when viewing other credit cards.

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Earning Rate Comparison

Want to know how the Bank of America Premium Rewards Elite Credit Card earning rates stack up against other Bank of America credit cards? The table below lists out the earning rates per $1 spent for all credit card partners so you can see where it stands.

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Looking for the best travel credit cards? Check out a few of our top picks below and use our calculators to find out how much you can earn!

Find the perfect card for you

Our Credit Card Rewards calculator can help you find the perfect card and offers based on your monthly and yearly spending habits. Simply enter your spend amounts into our tool and let us do the work for you!

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