Bank of America Premium Rewards Credit Card Increased 60,000 Points Signup Bonus ($600 Cash Bonus)

The Offer

Direct Link to offer

• Bank of America Premium Rewards card is offering a signup bonus of 60,000 points (worth $600 cash) after you spend $4,000 on the new card.

Card Details

• Annual fee of $95 (not waived first year)
• This card may not be available to you if you currently have or have had the card in the preceding 24 month period.
• $100 Airline Incidental Statement Credit annually for qualifying purchases such as seat upgrades, baggage fees, in-flight services and airline lounge fees. Only applies to domestic-originated flights on certain U.S. Domestic airline carriers.
• $100 airport security statement credit towards TSA Pre✓ ® or Global Entry Application fee every four year
• Card earns at the following rates:
  • 2x points for every $1 spent on travel and dining purchases
  • 1.5x points for every $1 spent on all other purchases
• No foreign transaction fees
• Eligible for Bank of America Preferred Rewards, meaning you can get an additional 25-75% rewards on all purchases. Makes the card earn at the following rates with top tier status:
  • 3.5x points per $1 spent on travel & dining purchases
  • 2.625x points per $1 spent on all other purchases
• Points are worth 1¢ each and can be redeemed for cash back as a statement credit into eligible Bank of America or Merrill Lynch accounts or to purchase travel through the Bank of America travel center or to redeem gift cards

Full card review for Bank of America Premium Rewards card can be found here.

Our Verdict

Since its launch in 2017, the offer on this card has been 50,000 points with $3,000 spend. They’re now bumping it up to 60,000 points with $4,000 spend which is nice.

If you don’t have the card, this is pretty easy $600 bonus to meet. It does have the $95 annual fee, which some might be able to offset with the $100 travel incidental credit (see what counts here).

Bank of America has also increased the Elite version of this card to $750.

We’ll add this to our List of Best Current Credit Card Signup Bonuses. Check out these Things To Know About Bank of America Credit Cards before applying.

Hat tip to USCCG