Bank of America
Premium Rewards
What it is
The Premium Rewards is a Bank of America card earning BoA Points. It's mainly a sign-up-bonus play: earn the bonus, then keep or close. A low-fee travel card whose $100 annual airline incidental credit nearly cancels the $95 fee. Most valuable if you bank with Bank of America or Merrill: Preferred Rewards members boost earning by 25-75%, and points redeem at a flat 1 cent each with no transfer partners. A reliable, low-friction welcome-bonus pickup.
Offer history
Value is the welcome bonus at your valuations. The Year 1 total also counts recurring benefits and subtracts the annual fee. Spend / mo (the dashed line, right axis) is the monthly pace to clear the minimum spend in time — shown on every view so the spend stays in context.
| Offer | Bonus | Value | Year 1 | Return | Date |
|---|---|---|---|---|---|
PUBLIC ATH | 60,000$4k · 90d | $600 | $600 | 15% | Jun ’23 |
PUBLIC | 50,000$3k · 90d | $500 | $500 | 17% | Sep ’17 |
What you get
- Airline incidental credit$100per year
Up to $100 a year in statement credits for airline incidental fees — checked bags, seat upgrades, in-flight food and entertainment, and lounge day passes. No airline to preselect; credits post automatically as qualifying charges appear.
- Global Entry credit$100one-time
Up to $100 every four years to cover a Global Entry or TSA PreCheck application fee, reimbursed as a statement credit.
Dollar figures are the benefit’s face value. What it’s worth to you — after realistic usage and your own point values — is in the receipt below.
The receipt
default values| SUB value | +$600 |
| 60,000 BoA Points × | |
| Ongoing benefits (yr 1) | +$70 |
Airline incidental credit($100 × ) Airline incidental credit $100 × $70 | |
| One-time benefits (yr 1) | +$25 |
Global Entry credit($100 × ) Global Entry credit $100 × $25 | |
| Annual fee | −$95 |
| Year 1 | $600 |
| Return on $4k MSR | 15% |
Your score sharpens once you sign in — we add eligibility, spend-fit, and 5/24.
Related cards
Premium Rewards scores 26 here on default point values. See where it ranks against every card, scored for your points, spend, and eligibility.
Open the ranked table →