Bank of America Premium Rewards by Bank of America: 2x dining & restaurants, 2x travel (broad), 1.5x everything else. $95 annual fee. 60,000-point welcome…
The Bank of America Premium Rewards is Bank of America's mid-tier credit card. The $95/yr annual fee includes a 60,000-point welcome bonus after spending $4,000 in the first 3 months. Beyond the welcome bonus, here's what the card actually delivers.
| Credit | Value | What it covers |
|---|---|---|
| Airline incidental credit | $100/yr | Up to $100/yr in statement credits for qualifying airline incidental fees such as seat upgrades, baggage fees, and in-flight purchases |
Welcome bonus value (year one): ~$780. Annual statement credits: $100. Minus the $95 annual fee = ~$785 in year-one net value before any spending earn. RewardsGuru rating: 4.1/5 — based on our net-value methodology.
Best fit: someone whose category spending matches the card's earn multipliers. Skip if: your spending pattern is flat across categories — a 2% flat-rate card would beat this.
60,000 points after spending $4,000 in the first 3 months. At our ~1.3¢/pt valuation, that's roughly $780 in real value.
Year-one math: welcome bonus value (~$780) + annual credits ($100) − $95 fee = ~$785 net before spending earn. Year-two onward, the credits alone need to clear $95 — they do. Worth it if you'll use the credits, skip if you'd let them expire.
1 recurring statement credit: Airline incidental credit ($100/yr). Total: $100/yr.
Check the card's terms — most premium travel cards waive foreign transaction fees, while no-fee and entry-tier cards usually charge 2-3%. Bank of America's product page has the current rate.