Bank of America® Premium Rewards® Elite Credit Card

Given the $550 annual fee, you’d expect the Premium Rewards Visa Infinite to have a selection of travel features to rival cards like the Chase Sapphire Reserve and Capital One Venture X. Here, new cardmembers will find quality and versatility, including:

• $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
• Complimentary 12-month Priority Pass Select membership

The selection of travel features offers significant value for cardholders. Priority Pass Select, for example, is $299 for 10 visits per year, or $429 for unlimited lounge visits for the cardholder, easily recouping much of the annual fee for those who travel often. TSA Precheck and Global Entry credits are much less valuable but add about $25 per year in value – which is further aided by the 20% points boost on airfare redemptions.

 Once the $150 lifestyle credits are factored in, the card pays for itself, with approximately $600 in value for a $550 annual fee. That lifestyle credit can be used to purchase qualifying rideshare, food delivery, streaming service, and qualifying fitness transactions.

That $600 in value doesn’t even count the $300 annual travel statement credit, which covers additional, unexpected travel costs like excess baggage, in-flight purchases, and other qualifying airline incidental fees. All told, the credits offer value above and beyond the annual fee, making the card more akin to the Platinum Card from American Express than some other general travel credit cards.