Bank of America® Premium Rewards® Elite

Dining is the strongest category at 2% effective value (2x points at about 1 cents each). That dining rate ranks higher than about 29% of the 1,547 cards we track in that category. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.

Dining is the strongest category at 2% effective value (2x points at about 1 cents each). That dining rate ranks higher than about 29% of the 1,547 cards we track in that category.

Madeen values Bank of America points at about 1 cents each. Madeen compares every card using this cash-equivalent estimate while still showing the raw earn rate for context.

The Bank of America Premium Rewards Elite has 1 notable cap or condition rule(s) in Madeen's catalog, including activation windows, spend limits, and category exclusions. Review each bullet below before assuming unlimited earn rates. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.

• Earn unlimited 2 points for every $1 spent on dining purchases

The Bank of America Premium Rewards Elite fits spenders who put meaningful volume in dining and can earn 2x points. Best for spenders who put meaningful volume in dining and can earn 2x points. The welcome bonus can help if you can meet the spend requirement. Travel perks may add value beyond the earn rate.

Bank of America Premium Rewards Elite fits spenders who put meaningful volume in dining and can earn 2x points. Madeen ranks its dining effective rate higher than about 29% of the catalog in that category. Compare it against cards you already carry with Madeen — no bank login required.

Best for spenders who put meaningful volume in dining and can earn 2x points. The welcome bonus can help if you can meet the spend requirement. Travel perks may add value beyond the earn rate.

Compare it against simpler no-fee cards if you want minimum complexity.

Best for dining-heavy spend when the $550 fee fits your usage; confirm issuer terms before applying. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.

The Bank of America Premium Rewards Elite has an annual fee of $550 and a foreign transaction fee of None. New applicants may see: 75,000 online bonus points — a $750 value — after you make at least $5,000 in purchases in the first 90 days of account opening.. Confirm current issuer terms before applying.

Annual fee

$550

Foreign transaction fee

None

Signup bonus

75,000 online bonus points — a $750 value — after you make at least $5,000 in purchases in the first 90 days of account opening.

The Bank of America Premium Rewards Elite includes Trusted traveler credit, Lounge access, $150 lifestyle credit, $300 airline incidental credit and more in our snapshot. Perks and benefits can change; verify coverage on the issuer site before you rely on them.

• Trusted traveler creditReceive up to $120 in statement credits for either Global Entry or TSA PreCheck® application fees, every four years
• Lounge accessEnjoy free unlimited access to airport lounges worldwide with up to 4 complimentary Priority Pass™ Memberships

• $150 lifestyle credit

  Receive up to $150 annually for lifestyle conveniences including video streaming services, food delivery, fitness subscriptions and rideshare services

• $300 airline incidental credit

  Receive up to $300 annually in Airline Incidental Statement Credits for qualifying purchases such as seat upgrades, baggage fees, airline lounge fees and in-flight services

• 24/7 Full-Service Concierge

  Complimentary 24/7 Full-Service Concierge to book your travel, dinner reservations, event tickets and more

• Airport Security Statement Credits

  Get up to $120 in Airport Security Statement Credits for TSA PreCheck® or Global Entry application fees, every four years

• Auto Rental Collision Damage WaiverIncluded with Visa Infinite®

  When you use your covered Visa card to rent a vehicle, you’ll get built-in Auto Rental Coverage. You can be covered for physical damage, theft, reasonable and customary towing and loss-of-use charges. Decline the Collision Damage Waiver coverage offered by the rental agency and make sure your name is listed as the primary renter on the auto rental contract.

• Booking.comIncluded with Visa Infinite®

  Purchase qualifying stays with your eligible Visa Credit or Debit card and get up to 8% in Travel Credits to use on future flights, stays, car rentals, attractions, car rentals, taxis and more.

• Dovly Uplift™Included with Visa Infinite®

  Get free access to Dovly Uplift. Dovly helps you raise your credit score and get more for your money. While Dovly's platform is designed to remove inaccuracies from your credit report, every case is different, and not everyone will achieve the same results.

• Earn more cash back

  If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase. That means you could earn 2.5-3.5 points on travel and dining purchases and 1.87-2.62 points on all other purchases, for every $1 you spend.

Compare the Bank of America Premium Rewards Elite against AMSA Customized Cash Rewards Card (3% on Dining, $0 fee); Bank of America Customized Cash Rewards (3% on Dining, $0 fee); Bank of America Customized Cash Rewards for Students (3% on Dining, $0 fee). Madeen ranks effective value by category and annual fee using the same catalog snapshot dated 2026-05-01.

• Dining

• AMSA Customized Cash Rewards CardBank of America · 3% on dining
• Bank of America® Customized Cash RewardsBank of America · 3% on dining
• Bank of America® Customized Cash Rewards for StudentsBank of America · 3% on dining
• MLB™Bank of America · 3% on dining

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