Bank of America Premium Rewards Elite
Apply now Award System
Bank
Reconsideration Phone
800.732.9194
Breaking Points
| Bonus Points | Minimum Spend | Point Value | Annual Value | Annual Fee | 1st Year Value |
|---|---|---|---|---|---|
| 75,000 | $5,000 | 1.0 ¢ | $70 | $550 | $320 |
| Best Value | Differentiating Perks | Rules |
|---|---|---|
| No 5/24 |
Spend Categories
1.5X points
1.5¢ Per Dollar Spent
2X points
2¢ Per Dollar Spent
2X points
2¢ Per Dollar Spent
Card Benefits
Unlimited access to airport lounges and experiences worldwide with your complimentary Priority Pass
Get up to $100 statement credit for Global Entry
Get up to a $300 Airline Incidental Statement Credit annually for seat upgrades, baggage fees, in-flight services, and airline lounge fees - automatically applied to your card statement
Using this card gives you secondary car rental insurance on collision and theft, up to the cost of the vehicle.
Trip cancellation insurance up to $5,000 per person; trip delay reimbursement up to $500 per ticket; baggage delay insurance up to $100 per day for 5 days; lost luggage reimbursement.
You will pay no foreign transaction fees when you use your card for purchases made outside the United States.
Call 1-800-953-7392 to get complimentary assistance making dinner reservations, buying theater tickets, getting travel guides, sending gifts/flowers, and dozens of other specific requests.
Point Transfer Options
Transfer To Spouse/Partner Yes
Transfer To Friends Yes
Travel Partner Transfers
Outside Point System Cash in Cents
Transfers In From
1:1 71% value retained
1:1 100% value retained
1:1 91% value retained
1:1 63% value retained
1:1 91% value retained
1:1 71% value retained
Bottom Line
Why You Might Want This Card
Exceptions To The Rule
About Cash in Cents
Most points have a 1 cent redemption value. Plus any 1X of 1.5X cash-back on spends are in cents, not dollars. So that we are comparing Apples to Apples, in terms of cash back vs. points, we use cents rather than dollars in representing cash bonuses.
Where Bank of America Premium Rewards Elite Fits In This Point Ecosystem
Personal Experience
Application Rules
Card approval not subject to 5-personal-cards-in-24-months rule
