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Bank of America® Premium Rewards® credit card

Bank of America Points

Welcome bonus

60,000 points

≈ $600 at 1.0¢ per point

after $4,000 spend in 3 months

Annual fee$95

Value per point~1.0¢median of 3 published valuations

First-year value*$1,144easy credits counted · $1,019 with none

Year 2+ value*$544each year after the first, after the fee · $419 with no credits

$95 fee vs $125 in stated credits a yearFace value. You’d use $125 by our default → yearly cost after year 1 −$30 ↓

Worth ~1.0¢/pt, median of 3 published valuations

NerdWallet 1.0¢ (listed as “Bank of America Travel Rewards”)
Upgraded Points 1.0¢
AwardWallet 1.0¢ (value set manually by AwardWallet)

Range 1.0–1.0¢. No published value from The Points Guy, Bankrate, One Mile at a Time, Frequent Miler (RRV). Checked 2026-10-23. How we use these

See the offer on Bank of America’s site ↗ Run your own numbers

Data checked by Chris Manns · Last updated October 23, 2026

Source: Bank of America card page · checked October 23, 2026. *Value uses our sample profile ($31,100/yr spend, no favorite airline or hotel) and the community value of 1.0¢ per point (median of published valuations) — see method.

Credits & perks

Annual fee$95

Stated credits a year$125face value, as Bank of America states it

Face value isn’t real value. A $25-a-month credit for something you’d never buy is worth $0 to you, and most credits are use-it-or-lose-it by month, quarter or half-year. Tick only what you’d spend on anyway.

Which would you actually use?

Our assumption: the boxes ticked to start are the “easy” credits: broad, flexible or automatic (general travel credits, airline-fee credits on any airline, Global Entry/TSA, anniversary free nights). Niche or single-merchant credits start unticked. Your choices are saved in this browser and also used by the calculator.

Airline Incidental statement credits$100/yrup to $100 per year · Seat upgrades, bag fees, in-flight services, airline lounge fees; applied automatically.easy airline
Airport Security credit (TSA PreCheck / Global Entry)$100 every 4 yrs ≈ $25/yrup to $100 every four years · Pay the application fee with the card.easy airport

Your net cost−$30Yearly cost after year 1: annual fee − credits you’ll use ($125)

Year 2+ value*$544each year after the first, after the annual fee, with your ticks

First-year value*$1,144bonus + earning + credits − fee

Counts each ticked credit at 100% of face value. Global Entry/TSA counts as a quarter a year. Free nights use our point values. *At our sample profile; how credits are counted.

Perks with no stated $ value

Lounges, status, bags and similar. We don’t put a number on these unless the issuer does.

other No foreign transaction fees

Source: Bank of America card page and benefit terms · checked 2026-10-23.

How it earns

2x Dining & takeout, Flights (booked with the airline), Hotels (booked with the hotel), Other travel, Travel booked on the card’s own travel site
1.5x everything else

Spend window is 90 days.

Offer details

60,000 points after $4,000 in 3 months

Annual fee $95. Credits from the issuer page are in Credits & perks above.

Questions about the BofA Premium Rewards

What is the BofA Premium Rewards welcome bonus?

60,000 points after $4,000 in 3 months, about $600 at the median published point value, per Bank of America’s card page checked October 23, 2026.

What is the BofA Premium Rewards annual fee?

$95 a year, as listed on Bank of America’s page on October 23, 2026.

How much are its points worth?

About 1.0¢ each: the median of 3 published valuations (range 1.0–1.0¢), checked October 23, 2026.

What credits does the BofA Premium Rewards include?

$125 a year in stated credits at face value, across 2 credits. By our default (only easy, flexible credits) you’d use $125, so the yearly cost after year 1 is −$30.

Is the BofA Premium Rewards worth it?

It depends on your spending. At our sample profile ($31,100 a year, easy credits only) it comes to $1,144 in the first year and $544 each year after (Year 2+ value, after the annual fee). Enter your own numbers in the calculator.

The math at our sample profile

Sample: Dining & takeout $4,800 · Groceries $7,200 · Gas & EV charging $2,400 · Flights (booked with the airline) $2,000 · Hotels (booked with the hotel) $1,500 · Other travel $1,200 · Everything else $12,000. Credits: our default “easy” ticks.

Welcome bonus: 60,000 points × 1.0¢	$600
A year of earning: 51,400 points × 1.0¢	$514
Airline Incidental statement credits	$100
Airport Security credit (TSA PreCheck / Global Entry) ($100 ÷ 4 yrs)	$25
Annual fee	−$95
First year / Year 2+	$1,144 / $544

Use my own spending →

Verify everything on the issuer’s site before applying; offers change and may differ for you. We don’t list APRs: see the issuer’s pricing & terms. TravelCardMath earns nothing from this card today.