Bank of America Premium Rewards Card Review with 60K Bonus and No Foreign Fees

Overview of the Bank of America Premium Rewards card

The Bank of America Premium Rewards card is built for U.S. travelers who want solid rewards without juggling multiple loyalty programs. With a $95 annual fee and straightforward earning rates, it balances premium perks and everyday value for those who bank with Bank of America or Merrill.

This card is especially compelling if you already use Bank of America accounts, since the Preferred Rewards program can boost your earnings by 25% to 75%. That makes the card feel more valuable for customers who keep deposits or investments inside the Bank of America ecosystem.

Rewards, 60K sign-up bonus and fees

The headline offer is 60,000 points after $4,000 in purchases within 90 days, often shown as 60K — roughly $600 in redemption value. You earn 2X points on travel and dining and 1.5X on all other purchases, a simple structure that keeps rewards predictable and useful for everyday spend.

While the ongoing APR ranges based on creditworthiness and there’s a 4% balance transfer fee, the math works best for cardholders who pay their balance monthly. The $95 annual fee is modest relative to the travel value you can unlock, especially when paired with Preferred Rewards boosts.

Travel perks, protections and no foreign transaction fees

One major selling point for U.S. travelers is that the Bank of America Premium Rewards card charges no foreign transaction fees, making it a reliable travel companion overseas. You also get up to $100 in airline incidental statement credits annually and a TSA PreCheck or Global Entry fee credit every four years.

Comprehensive travel protections include trip delay/cancellation coverage, baggage delay and lost luggage reimbursement, and auto rental collision damage waiver. Those protections, combined with no foreign transaction fees, make this card practical for frequent flyers and vacationers alike.

Maximizing points, comparison and final verdict

To maximize the Bank of America Premium Rewards card, route travel and dining expenses to the card and consider consolidating assets to reach Preferred Rewards tiers for up to 75% more points. Redeem points through the Bank of America Travel Center or as a statement credit at a consistent 1 cent per point value for predictable returns.

Compared to similar $95 cards, this option stands out for the 60K sign-up bonus, no foreign transaction fees, and easy reward structure. If you’re a U.S.-based traveler who prefers simple redemptions and extra value from Bank of America relationships, apply today and start earning meaningful travel rewards with the Bank of America Premium Rewards card.