Cards
RewardsBofA
BofA Premium Rewards Elite Credit Card
Key facts
Annual fee$550/yr
Rewards currencyBank of America Travel Rewards points
Recommended creditFair – Good (680+)
Global Entry / TSA PreCheckCredit included
Current sign-up bonus
75,000 points after spending $5,000 in first 90 days
Reward rates
2x points on travel and dining purchases
1.5% on everything else
Annual credits
This card has annual credits — check the issuer's site for current details.
Travel benefits
Lounge Access
Priority Pass Select membership -- up to 4 complimentary memberships, 1,300+ airport lounges/experiences worldwide, guests included regardless of cabin class or airline flown.
Trip Cancellation / Interruption (Unconfirmed)
Up to $2,500 per covered person (Federal Insurance Company underwritten plan). Note: comparatively modest cap for this fee tier -- worth an independent second-source confirmation before treating as final.
Trip Delay
Up to $500 per purchased ticket, after a 6-hour delay or if an overnight stay is required.
Baggage Delay
$100/day for up to 5 days (max $500), after a 6-hour delay.
Travel Accident Insurance
Up to $1,000,000 (Common Carrier Travel Accident, principal sum) for accidental death/dismemberment while riding as a fare-paying passenger.
Emergency Evacuation
Up to $100,000 for emergency medical evacuation/transportation. Repatriation of Remains covered separately up to $10,000.
Purchase protections
Return Protection
Up to $300 per item if the retailer won't accept a return within 90 days of purchase; $1,000 annual maximum per account.
Purchase Protection
BofA calls this 'Purchase Security.' Covers theft/damage within 90 days of purchase. Max $10,000 per claim, $50,000 per cardholder per calendar year. Secondary/excess coverage (pays after other insurance).
Extended Warranty
Extends original U.S. manufacturer's warranty by 1 additional year on warranties of 3 years or less. Max $10,000 per claim, $50,000 per cardholder per calendar year.
Cell Phone Protection
None -- not offered on this card.
Other benefits
Annual Credits
Lifestyle Credit: up to $150, resets Annual.
Earn Rates
2 points per $1 on travel and dining (unlimited); 1.5 points per $1 on all other purchases (unlimited). Preferred Rewards members get a 25-75% bonus on top depending on tier (Gold +25%, Platinum +50%, Platinum Honors/Diamond +75%).
Welcome Bonus (Unconfirmed)
75,000 bonus points after $5,000 spend in the first 90 days (points are fixed-value, about 1 cent each, roughly $750). Verify the current live offer before publishing -- the official product page was unavailable during research.
Transfer Partners
None -- no airline/hotel transfer partners. Points redeem only through BofA's own program: BofA Travel Center (20% discount on cash price when redeeming points), cash back/statement credit, Merrill investment/529 contributions, concierge-booked experiences, or gift cards.
Lost / Stolen Baggage
Up to $3,000 per covered trip ($2,000 per bag for NY residents), secondary/excess coverage.
Secondary Rental Car
None -- this card carries Primary coverage instead (see Primary Rental Car).
Primary Rental Car
Primary coverage (Auto Rental Collision Damage Waiver). Up to $75,000 Actual Cash Value (vehicle MSRP must be $75,000 or less when new). Covers 15 consecutive days domestically / 31 days internationally.
Foreign Transaction Fee
$0 -- none.
Authorized User Fee (Unconfirmed)
None -- no fee to add authorized users.
Best for
Dining
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