Update: New Premium Travel Rewards Card From Bank of America Arriving This Fall!

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Update:  New Premium Travel Rewards Card From Bank of America Arriving This Fall!

Million Mile SecretsUpdate:  New Premium Travel Rewards Card From Bank of America Arriving This Fall!Million Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

I recently shared a rumor about a new premium card from Bank of America.  And now we have more details about the card, which some of y’all might really like!

Via Doctor of Credit, the card will come with a 50,000 point sign-up bonus (worth $500) after meeting minimum spending requirements.  And possibly a $100 yearly travel credit and a Global Entry or TSA PreCheck fee credit.

With a big sign-up bonus, a rumored $95 annual fee, and a $100 yearly travel credit, this card could be a no-brainer for some!  Especially if you’re over Chase’s 5/24 rule. 😉

Bank Of America Premium Rewards Card
You Can Use the Bank of America Points You Earn With Bank of America’s New Premium Card Towards Your Next Tropical Getaway!

Here’s more about the rumored Premium Rewards card from Bank of America!

Bank of America Premium Rewards Card

A Doctor of Credit reader shared a screenshot with a few details about Bank of America’s new Premium Rewards card.

So far, we know the card will come with:

  • 50,000 point sign-up bonus (minimum spending requirement unknown)
  • 2 points per $1 spent on travel and dining purchases
  • 1.5 points per $1 spent on all other purchases

The screenshot says 50,000 points are worth $500 in rewards.  That’s different from the previous rumor of points being worth 1.5 cents each towards travel purchases.

Doctor of Credit also suggests the card will come with perks like:

  • $100 yearly travel credit
  • $100 Global Entry / TSA PreCheck credit
  • $95 annual fee

This card is meant to compete with other top travel rewards cards, like Chase Sapphire Reserve and Citi Prestige, but the rumored $95 annual fee is much less than the annual fees on those premium cards, which cost $450 per year.

That’s great news if it’s true, because the card’s perks would more than make up for the annual fee!

Bank Of America Premium Rewards Card
You Can Save Time at the Airport With Global Entry or TSA PreCheck!

Plus, if you’re a part of the Bank of America Preferred Rewards Program, you may be able to earn even more with your card.  Based on the amount of money you have in your Bank of America account, or have invested with Bank of America or Merrill Lynch, you can earn between 25% and 75% more rewards with certain Bank of America credit cards.

We don’t know if this will apply to Bank of America’s Premium Rewards card.  But if it does, that makes this card even better.  That said, Bank of America points do NOT transfer to any travel partners.

The card is expected to launch later this year.  Just remember, these details still have NOT been confirmed by Bank of America.
But I’ll be sure to share the details when we know more!

Bottom Line

With Bank of America’s new Premium Rewards card, you’ll earn 50,000 Bank of America points (worth $500) after completing minimum spending requirements.

The card will also earn 2X points on travel and dining.  And will likely come with perks like a Global Entry or TSA PreCheck credit and a $100 annual travel credit.

These benefits more than outweigh the rumored $95 annual fee.  So this could be a great card for folks who are over Chase’s 5/24 rule, or who are looking for a card with good benefits and points that are straightforward to redeem!

The card is expected to launch later this year.  Do you plan on applying?  Let me know in the comments!

If you liked this post, why don’t you join the 25,000+ readers who have signed-up to receive free blog posts via email (only 1 email per day!) or in an RSS reader …because then you’ll never miss another update!

Ink Business Preferred℠ Credit Card

Ink Business Preferred℠ Credit Card

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry that something went wrong, repeat again!

6comments

by Newest
by Best by Newest by Oldest

This sounds wonderful….just wondering though how much you will have to spend to get this bonus. If its 2k or less…I am in!

points have never been worth 1.5 cents each. the earning is 1.5 points redeemable at 1 cent each on travel reimbursement. the way it was written on doctor of credit was backwards and confused people. the current travel rewards card also has 1.5 points per dollar on all spend, redeemable at 1 cent each for travel.

But are the points easily useable or transferable as the Chase Reserve?

I was wondering if you knew if we will be able to transfer points from the BOA Travel Card to the new Premium card?

I fail to see how this qualifies as a “premium” card. Is the Capital One a premium card? And that’s always twp pts per dollar.

Load more