Bank of America · card facts

Bank of America Premium Rewards

Simple cash-like travel rewards; relationship bonuses can improve the economics.

WELCOME BONUS60k pointsSpend $4,000

ANNUAL FEE$95First year: $95

CREDITSOK$100/yr advertised

LOUNGE ACCESSNo lounge access

Dollar estimates below use $3,000/month benchmark spending and TPG's August 2026 points/miles valuation. Lounge visits are not assigned a dollar value.

Year 1 · best case

+$1,235

Welcome bonus · TPG est.+$600

Full advertised annual credits+$100

Rewards on $36,000 benchmark spend+$630

First-year annual fee−$95

Keep / year · best case credits

+$635

Definitely keep

This recurring estimate uses the full advertised credit amount. The OK label tells you how realistic it may be to capture all $100 of those credits.

Advertised credits$100

Credit difficultyOK

TPG Aug. 2026 value1.00¢

Annual fee$95

Fee minus advertised credits+$5 credit surplus

Credit details

$100 advertised per year · OK to use fully

Card creditsVaries · Varies difficulty

$100 advertised

See issuer terms for eligible purchases, timing and restrictions.

Lounge access

No lounge access

No lounge access included in the current dataset.

Compare all cards →Read the methodology

Offer accuracy: Card offers and benefits change. Verify current issuer terms before applying. The credit amount shown is the advertised total; difficulty labels warn about restrictions rather than discounting the credit to a made-up personal value. Affiliate disclosure.