Bank of America Premium Rewards Review with 60K Sign-Up Bonus, Travel Perks and No Foreign Transaction Fees

Why the Bank of America Premium Rewards stands out

The Bank of America Premium Rewards card is a straightforward travel credit card that delivers strong value for frequent flyers and everyday spenders. With a $95 annual fee and broad benefits, this card balances cost and return better than many mid-tier travel cards.

For American consumers, the appeal is clear: 2X points on travel and dining, 1.5X on everything else, and a generous 60K sign-up bonus after meeting the initial spend. The branded name “Bank of America Premium Rewards” appears on many searches, so having that keyword helps this review stay visible and useful.

Earning, redeeming and the 60K sign-up bonus

Hit the introductory requirement and you’ll receive 60,000 points—often called a 60K sign-up bonus—worth roughly $600 in travel or cash back. Points are fixed at about 1 cent each whether you redeem for travel, cashback, or statement credits, which keeps redemption simple and predictable.

Everyday use fuels steady point accumulation: put travel and restaurant bills on the card to get 2X, and use it for groceries and utilities for 1.5X. Pair the card with the Bank of America Preferred Rewards program to boost earnings by up to 75%, potentially turning that 2X into as much as 3.5X on travel and dining.

Travel perks, protections, and no foreign transaction fees

One standout feature is no foreign transaction fees, so the card is ready for international trips without extra cost on purchases. Cardholders also get up to $100 per year in airline incidental statement credits and a TSA PreCheck/Global Entry fee credit every four years, which helps offset the annual fee quickly.

Travel protections include trip cancellation/interruption coverage, baggage delay reimbursement, and lost luggage protection. For those who travel often, these protections and the steady rewards rate make the Bank of America Premium Rewards credit card a reliable tool for reducing surprise costs while maximizing points.

Who should apply and how to maximize value

If you bank with Bank of America or Merrill, this card becomes even more attractive: deposit balances can unlock 25%–75% Preferred Rewards boosts. That synergy is a major reason local customers in the U.S. prefer this card over standalone travel cards when they want flexible, cash-equivalent points.

To get the most from the card, concentrate travel and dining spend here, claim the airline incidental credit, and keep an eye on the Preferred Rewards tiers. If you pay your balance in full each month you’ll avoid the variable APR, making the $95 annual fee a small price for a card that hands you a 60K sign-up bonus and robust travel perks.