Related reading: Is the Bank of America Premium Rewards card worth the $95 annual fee? Welcome bonus - modest, but valuable It’s also a great choice for semi-frequent travelers since it comes with valuable perks like an up to $100 Global Entry/TSA PreCheck credit, an up to $100 annual airline incidental statement credit, trip delay/cancellation insurance, baggage loss/ delay insurance and no foreign transaction fees, so you won’t be hit with any surprise charges when using your card abroad. Plus, earn 2 points for every $1 spent on grocery store purchases- now through 12/31/21. And if you are an existing Bank of America customer, the card becomes even more valuable (more on that later). The Premium Rewards card is also a strong option for those who tend to spend in broad bonus categories like travel and dining (2x and up with this card), but who also want solid rewards (1.5x and up) for non-category bonus spend. Related reading: 5 reasons to get the Bank of America Premium Rewards credit card The points function essentially like cash back. You can redeem points for any purchase, whether it’s a flight, a new car or an over-the-top dinner.
#Bank of america visa credit card hack tv#
If you like the idea of redeeming your points as a statement credit against big purchases that aren’t covered by points - such as new luggage or a TV - then this would be the card to get. Since points are worth 1 cent apiece no matter what you redeem them for, you don’t have to worry about getting the maximum value out of every point, which can sometimes be time-consuming and frustrating. I think of it as a stress-free travel card. It might not have the most lucrative points or numerous transfer partners, but what it does offer is simplicity.
The Premium Rewards credit card has a wide appeal to both points fans and credit card novices.
Still, it offers great flexibility in redeeming points and yields extraordinary earn rates if you can maximize BofA’s Preferred Banking Rewards program. This card isn’t like other products that have $450 annual fees and a ton of perks this card has a modest $95 annual fee and a more modest selection of benefits. However, the more familiar I get with the Preferred Banking Rewards program (and the more useful fixed-value points currencies become), the more I see the benefits of having a Bank of America card. Though affordable, with low or nonexistent annual fees, most lacked the perks that I’ve always associated with my favorite cards. I’ll be honest, I haven’t always been a fan of Bank of America credit cards. Card Rating*: ⭐⭐⭐½ *Card Rating is based on the opinion of TPG’s editors and is not influenced by the card issuer. For those who prefer other banks, there are better earning travel cards available. If you qualify for Bank of America Preferred Rewards, the Bank of America® Premium Rewards® credit card has the potential to be quite a lucrative card to use on everyday spending. You can take advantage of this offer when you apply now.Editor’s note: This is a recurring post, regularly updated with new card details.īank of America Preferred Rewards card overview
0 kommentar(er)
