Who it's for
Premium travelMore rewards dining outTravel credits & perks
Bank of America Premium Rewards
Underrated unless you have BoA assets. With Platinum Honors tier (requires $100k+ at BoA/Merrill), this card becomes one of the strongest earners in the market — beats Amex Gold on dining, matches Venture X on everything-else spend. Without the asset boost, less compelling.
$916/yrest. value at typical spending
$95annual fee
$100yearly credits
−$5fee after credits
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| Category | Rate | Typical spend |
|---|---|---|
| Dining | 2x | $400/mo |
| Groceries | 1.5x | $600/mo |
| Flights & hotels | 2x | $300/mo |
| Rent | 1.5x | $2,500/mo |
| Gas & transit | 1.5x | $150/mo |
| Streaming | 1.5x | $80/mo |
| Online shopping | 1.5x | $200/mo |
| Everything else | 1.5x | $600/mo |
Rates are what our model counts per dollar. Brand-specific bonuses (like a hotel card at its own hotels) are blended, since most people don't put all category spending with one brand. Typical spending here means our quiz defaults: $4,830 a month, including $2,500 rent or mortgage. Points are valued at 1.5¢ each (travel portal redemption); transferring to airline or hotel partners can be worth more.
Rewards and perks
Cash back
- 2x points on travel and dining
- 1.5x points on everything else
- $100 annual airline incidental credit (checked bags, in-flight purchases)
- Global Entry/TSA PreCheck credit ($100 every 4 years)
- No foreign transaction fees
- BoA Preferred Rewards boost: with $100k+ at BoA/Merrill, all earn rates increase 75% — effectively 3.5x travel/dining, 2.625x everything else
Similar cards
- Amex Green Card$150 annual fee$1,234est. value/yr
- Amex Business Gold$375 annual fee$1,501est. value/yr
- Amex Gold Card$325 annual fee$1,616est. value/yr
- Wells Fargo Autograph Journey$95 annual fee$1,184est. value/yr
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