Bank of America has a new ultra-premium credit card. The new Bank of America Premium Rewards Elite Visa Infinite offers up to 3.5X points on eligible purchases, travel and lifestyle statement credits, and more – for a hefty $550 annual fee. Here is everything you need to know about the new Bank of America Premium Rewards Elite Visa Infinite credit card:
Bank of America Launches New Premium Rewards Elite Credit Card
In late December, Bank of America unveiled new tiers to its popular Preferred Rewards program. The bank also released a new premium credit card to accompany the news, the Bank of America Premium Rewards Elite Visa Infinite credit card.
Bank of America Premium Rewards Elite Visa Infinite Card Details
Here is what Bank of America Premium Rewards Elite Visa Infinite cardholders can anticipate from their $550 annual fee:
- 50,000 bonus points after making at least $3,000 in purchases in the first 90 days of account opening
- Up to 3.5X points per dollar on travel and dining purchases
- Up to 2.62X points per dollar on all other purchases
- $300 annual airline incidental fee statement credit
- $150 annual lifestyle statement credits
- Additional 20% points boost for airfare points redemption
- TSA Precheck/ Global Entry application fee statement credits every four years
- No foreign transaction fees
- Visa Infinite benefits
The impressive reward-earning potential of the Premium Rewards Elite comes with an eligible Preferred Rewards membership tier. Platinum Honors, Diamond, and Diamond Honors tier members earn the most rewards, with Bank of America Preferred Rewards members earning between 25% and 75% more points depending on their status.
Cardholders also get to choose how they want to be rewarded, with options including redeeming points for travel, cash back, statement credits, distinctive experiences, or gift cards. Cardholders also enjoy access to various exclusive lifestyle and travel benefits, including a complimentary 24/7 full-service concierge, generous credits for incidental airline charges and lifestyle conveniences, airfare discounts, special offers for luxury travel, and more.
“Designed to Further Enhance the Client Experience”
“The outstanding travel and lifestyle perks of Premium Rewards Elite make it an exciting addition to our suite of award-winning credit cards,” said Jason Gaughan, credit card executive at Bank of America in a press release. “We’re proud to offer this new card designed to further reward and enhance the client experience.”
Related Article: Bank of America Expands Preferred Rewards Program