At NerdWallet, we attempt that can assist you make monetary choices with confidence. To do that, many or the entire merchandise featured listed here are from our companions. Nonetheless, this doesn’t affect our evaluations. Our opinions are our personal.

You’ve utilized for the Financial institution of America® Premium Rewards® bank card and had been accepted. When you obtain it within the mail, what do you have to do subsequent?

1. Plan your subsequent trip over dinner

Cardholders obtain 2 factors per $1 on journey and eating and 1.5 factors per greenback on different spending. Get pleasure from a leisurely dinner and plan an thrilling trip to take advantage of these factors. Along with the bonus factors, the Financial institution of America® Premium Rewards® bank card comes with journey advantages like journey delay and cancellation/interruption safety, misplaced baggage reimbursement, journey accident insurance coverage, emergency evacuation and transportation protection, in addition to rental automotive collision protection.

Low on trip time for the yr? Plan a staycation. Financial institution of America has a beneficiant definition of journey spending. Along with motels, airways and journey businesses, you’ll earn 2 factors per $1 for vacationer points of interest like artwork galleries, amusement parks, carnivals, circuses, aquariums, zoos and extra. Even when a staycation isn’t within the playing cards for you, earn 2 factors per $1 in your morning commute, as toll charges and parking are additionally coded as journey.

» Study extra: Financial institution of America® Premium Rewards® bank card assessment: Massive bonuses for B of A’s greatest prospects

2. Be a part of the Financial institution of America Most popular Rewards program

Arguably the perfect perk for cardholders is the bonus perk for Financial institution of America prospects with bigger balances.

You probably have a $20,000 mixed stability, you possibly can join Financial institution of America Most popular Rewards. You’ll get a 25% increase in your rewards factors, leading to 2.5 factors per $1 for journey and eating places and 1.85 factors per $1 on all different spending. For these with balances over $50,000, the reward level increase is 50%, for three factors per $1 on journey and eating and a couple of.25 on the whole lot else. These with balances over $100,000 obtain a whooping 75% rewards factors increase, making their journey and restaurant spending price three.5 factors per $1 and all different spending 2.625 factors per $1.

To obtain these perks, you want to be a member of the Financial institution of America Most popular Rewards program. You probably have an eligible Financial institution of America private checking account and three months with a median mixed stability of $20,000 or better in qualifying Merrill Lynch, Merrill Edge and Financial institution of America accounts, you possibly can enroll in Most popular Rewards on-line.

When you qualify for a tier, you’ll preserve it for 12 months. For those who meet the minimal for the subsequent tier, Financial institution of America will robotically bump you up and also you’ll see the bonus mirrored in your subsequent assertion.

» Study extra: Financial institution of America Most popular Rewards: Extra rewards with each swipe

three. Get a beneficiant sign-up bonus

The Financial institution of America® Premium Rewards® bank card has an annual payment of $95 and has the next sign-up bonus: Obtain 50,000 bonus factors – a $500 worth – after you make at the least $three,000 in purchases within the first 90 days of account opening. You’ll be able to redeem this sizable bonus plenty of alternative ways.

After you have at the least 2,500 factors, you possibly can obtain money again to your assertion or into your Financial institution of America account, deposit your credit score to eligible Merrill Edge and Merrill Lynch accounts, redeem for reward playing cards or use your factors on the Financial institution of America Journey Heart.

four. Apply for International Entry or TSA Precheck

The Financial institution of America® Premium Rewards® bank card comes with a $100 International Entry or TSA Precheck utility payment credit score, legitimate each 4 years. Frequent vacationers know the advantage of TSA Precheck and International Entry in relation to rushing by means of safety and shaving valuable day off ready in traces on the airport. Plus, the $100 reimbursement for this can cowl the cardboard’s $95 annual payment for the primary yr.

5. Carry additional baggage and receives a commission to have this card

If the TSA Precheck or International Entry payment credit score wasn’t sufficient to entice you, there’s additionally an annual $100 credit score for airline incidental charges. This implies you possibly can deliver additional luggage in your journey, improve your seat, take pleasure in in-flight purchases, or calm down within the airline lounge, realizing these charges shall be lined with the $100 credit score.

This perk, in addition to your 2 factors per $1 earned on journey, applies to airways with particular service provider class codes, so make sure to learn up earlier than assuming your bag payment shall be lined. The $100 credit score is robotically utilized to relevant purchases every year, primarily eliminating the expense of the $95 annual payment.

» Study extra: Airline bank cards that supply free checked luggage

Nonetheless unsure if the Financial institution of America Premium Rewards card is for you? Take a look at our opinions of prime journey credit score playing cards to see different choices.

Find out how to maximize your rewards

You desire a journey bank card that prioritizes what’s vital to you. Listed below are our picks for the perfect journey bank cards of 2019, together with these greatest for:

Planning a visit? Try these articles for extra inspiration and recommendation:
Financial institution of America Premium Rewards vs. Chase Sapphire Most popular
Discover the perfect journey bank card for you
Earn extra factors and miles with these 6 methods



Please enter your comment!
Please enter your name here