Bank of America
Bank of America® Premium Rewards® Elite Credit Card
Cash back only
Annual fee
$550/yr
Welcome bonus
75,000 online bonus points
Min spend
$5,000 in 90 days
Recommended credit
Excellent (720+)
Offer last verified July 17, 2026. How we verify.
Earning rates
2 points per dollar on travel and dining, 1.5 points on everything else
Preferred Rewards members earn 25% to 75% more points, up to 3.5x travel and dining
Features & benefits
Up to $300 per year in airline incidental credits plus up to $150 per year in lifestyle credits
Complimentary Priority Pass Select membership with unlimited visits, plus up to four memberships for authorized users
Global Entry or TSA PreCheck application fee credit once every four years
Lounge access
Complimentary Priority Pass Select membership with unlimited visits to 1,300+ airport lounges
Up to four additional Priority Pass Select memberships for authorized users
Statement credits
Up to $300 airline incidental fee credit annually
Up to $150 lifestyle credit annually (streaming, food delivery, fitness, rideshare)
Global Entry or TSA PreCheck fee credit (up to $120 every 4 years)
How does it rank for your spending?
Every card is ranked by what it actually returns on the way you spend. Run your numbers and see where the Bank of America® Premium Rewards® Elite Credit Card lands.
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