Premium Rewards Elite
Credits 3
Every statement credit on this card, how often it comes back and when it resets. Together they’re worth up to $480 a year in cash credits, not counting ones you unlock by spending, points or free nights.
Every year
Up to $300 per calendar year for airline incidentals (seat upgrades, bag fees, lounge fees, in-flight purchases, change fees) on domestic-originated flights with eligible U.S. carriers; airfare excluded and Allegiant, Spirit and Sun Country don't count. No airline selection needed.
Up to $150 per calendar year on select streaming, food delivery, fitness subscription and rideshare merchants; one annual pool, not monthly installments.
Every few years
Up to $120 toward the Global Entry or TSA PreCheck application fee once every four years.
Perks 2
Benefits you use rather than credits that post to your statement.
Up to four Priority Pass Select memberships for anyone you choose; the four slots are for the life of the account and a member can't be swapped out. Each member and their guests get free visits to participating lounges, subject to each lounge's space and guest limits.
Airfare (any cabin, domestic or international) booked with points through the BofA Travel Center costs 20% fewer points.
Also included
- No foreign transaction fees
- Trip delay, cancellation and interruption insurance
- Baggage delay and lost luggage coverage
- 24/7 concierge
- Visa Infinite car rental benefits (Avis, Hertz, National)
Before you apply
Bank of America’s application rules, as reported by people who applied. Banks don’t publish most of these. All banks’ rules
The first part of Bank of America’s 2/3/4 rule: no more than 2 new BofA personal cards in 2 months. A third BofA personal card within 2 months gets declined.
The second part of 2/3/4: no more than 3 new BofA personal cards in 12 months. A fourth within 12 months gets declined.
The third part of 2/3/4: no more than 4 new BofA personal cards in 24 months. A fifth within 24 months gets declined.
If you don’t bank with BofA, 3 or more new cards from any bank in 12 months can get you declined (about 7 if you do). A BofA personal card may be declined.
Never miss one of these credits
Add the Premium Rewards Elite to Premium Finance, our free app. It lists each credit with a checkbox, reminds you before they expire and shows whether the card earned its fee. Free.
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Last checked Oct 16, 2026. Spot something out of date? Tell us.