Bank of America
Bank of America Premium Rewards
Bank of America Premium Rewards costs $95 annual fee and earns up to 2× on dining. Everything below comes from the card catalog we check against issuer terms, with the arithmetic spelled out.
Enter a typical month of spending to see what the Bank of America Premium Rewards returns after its fee next to three cards it is usually compared with, then take those numbers to the full credit card rewards calculator to weigh up everything else in your wallet. No signup, and it runs in your browser.
- Annual fee
- $95 annual fee
- Best earn rate
- 2× dining
- Points value
- 1¢ a point
- Cash back value.
- Welcome bonus
- 60,000 points
- About $600 if you redeem at 1¢ a point, and only if you clear the spending requirement.
- Foreign transaction fee
- none
What the Bank of America Premium Rewards earns
Dining
2×
Other travel
2×
| Category | Rate | Conditions |
|---|---|---|
| Dining | 2× | |
| Other travel | 2× |
Rates checked with the issuer in October 2026. Spending outside these categories earns 1.5×. Confirm current terms with the issuer before you apply.
Is the Bank of America Premium Rewards right for you?
Enter a typical month. You will see what the Bank of America Premium Rewards returns after its annual fee, next to three cards it is usually compared with, and the full credit card rewards calculator weighs up everything else you spend.
Estimated rewards per year, after the annual fee
Bilt Obsidian Card (Dining) Top for your numbers
3× dining, 2× travel; 1× everything else. $95 annual fee.
Rewards $803 · Fee −$95
+$708
+$376
Atmos Rewards Ascent Visa Signature Card
2× gas, 2× transit; 1× everything else. $95 annual fee.
Rewards $455 · Fee −$95
+$360
Bank of America Premium Rewards
2× dining, 2× travel; 1× everything else. $95 annual fee.
Rewards $409 · Fee −$95
+$314
How we estimate
- Every rate on this page comes from the card catalog. Bank of America Premium Rewards pays 1.5× on spending outside the bonus categories listed above, and up to 2× on dining.
- We value this card's points at 1¢ each. Cash back is valued at 1¢.
- Net is a year of rewards minus the annual fee. Credits count only when you tick the box.
- Welcome bonuses are left out of the tool so the numbers read as an ordinary year.
- Rent is not in the boxes: most landlords charge a fee that cancels out the rewards, and only a few cards earn on rent at all. Add rent in the full calculator, where those rules are modelled.
- Travel-portal bookings are not in the boxes, because portal prices differ from booking direct. The portal rates are in the table above.
- Rates checked with issuers in October 2026. Terms change, so confirm with the issuer before you apply. Educational estimate, not financial advice.
One category doesn’t pick a wallet. Add the rest of your monthly spending to see which cards win across everything, fees included.
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Welcome bonus
60,000 points
About $600 if you redeem at 1¢ a point, and only if you clear the spending requirement.
Points and partners
Bank of America Points
No
Where this data came from
2x points on travel and dining; 1.5x on other purchases
FAQ
The Bank of America Premium Rewards charges $95 a year. Earning back $95 means about $1,583 a month on dining, where it earns 0.5¢ more per dollar than the base rate. Credits and the welcome bonus can cover the rest.
2× on dining, and 1.5× on spending outside its bonus categories.
It depends on your mix, not the card. Earning back $95 means about $1,583 a month on dining, where it earns 0.5¢ more per dollar than the base rate. Credits and the welcome bonus can cover the rest. Run your own numbers in the calculator above to see where it lands against the rest of the catalog.
The listed welcome offer is 60,000 points, and offers at these cards change often, so confirm the current terms and the spending requirement with the issuer before you apply. At 1¢ a point that is about $600, before you count the annual fee and whether you would clear the spending requirement for it.
No. The Bank of America Premium Rewards earns Bank of America Points that you redeem for statement credit or shopping rather than transferring to a partner, so its realistic value is about 1¢ a point.
No. The Bank of America Premium Rewards charges no foreign transaction fee, so spending abroad earns at the same rate as at home, minus what the merchant adds.