BofA Premium Rewards Elite Card Review | Is It Right For You?
12.4 هزار بار بازدید -
2 سال پیش
-
The Bank of America Premium
The Bank of America Premium Rewards Elite Credit Card is Bank of America’s first product in the luxury credit card space, but is it worth it? Today we'll be doing a Premium Rewards Elite review.
I personally got this card about 3 months ago, and I’ve been using this card pretty regularly since that time, so I wanted to give you all my personal experience with using this card and if this card is one that you should consider getting.
The current Sign-Up Bonus on the Bank of America Premium Rewards Elite credit card is 50,000 points after spending $3,000 in the first 90 days after account opening, which is worth $500, but can be worth up $600 depending on how these points are redeemed.
This card earns unlimited 2 points for every dollar spent on travel and dining purchases and unlimited 1.5 points per dollar on all other purchases. These multipliers can be enhanced with Bank of America Preferred rewards.
For point redemptions, these points can be redeemed in 1 of 3 ways: travel redemption through the Bank of America travel portal, specifically with flights, which nets you a 1.25cpp redemption rate, cash back via statement credit or direct deposit, netting you a 1cpp redemption rate, or through gift cards, also netting you a 1cpp redemption rate.
The perks and benefits include a $300 Annual Airline Incidental Credit, a $150 Annual Lifestyle Credit, a $100 Global Entry/TSA-Precheck Credit, and the ability to save 20% on domestic and international airfare for any class when you pay with points. It also has no foreign transaction fees, no fees for adding authorized users (max of 5), and a host of Visa Infinite benefits, including Priority Select Membership.
This card is really meant for those who want to have assets with Bank of America and be a part of their Preferred Rewards system. If you have no status or Gold status, I do not recommend this card. If you have Platinum status, I would consider this card, and if you have Platinum Honors status, I highly recommend this card if you can use the Airline Incidental and Lifestyle credits, and also plan to redeem your points using the BofA Travel Portal.
--
CONNECT with me:
▶️ SUBSCRIBE to my channel!: thecreditfrog
📷 Instagram: Instagram: thecreditfrog
🎞 TikTok: TikTok: thecreditfrog
✅ Referral Links: https://znap.link/tcf
Chapters:
00:00 Intro
00:18 Sign-Up Bonus and Annual Fee
01:09 Point Multipliers
02:17 BofA Preferred Rewards System
03:40 Perks and Benefits Summary
04:21 100 Dollar TSA Precheck/Global Entry Credit
05:04 300 Dollar Annual Airline Incidental Credit
05:35 150 Dollar Annual Lifestyle Credit
06:03 BofA Rewards Website - Credit Tracker
06:27 Should I Get the Premium Rewards Card Instead?
07:27 20% Savings on Airfare Redemption
08:40 Should You Get This Card?
09:30 Why I'm Keeping This Card
09:46 Outro
--
Disclaimer: I am not a financial advisor, accountant, or lawyer, and as such, I do not provide financial, tax, or legal advice. This video, and any ideas presented in it, are opinions and are provided for entertainment purposes only. Please do your own research and consult your own financial, tax, or legal professional for specific advice.
#bankofamerica, #premiumrewardselite, #creditcardreview
I personally got this card about 3 months ago, and I’ve been using this card pretty regularly since that time, so I wanted to give you all my personal experience with using this card and if this card is one that you should consider getting.
The current Sign-Up Bonus on the Bank of America Premium Rewards Elite credit card is 50,000 points after spending $3,000 in the first 90 days after account opening, which is worth $500, but can be worth up $600 depending on how these points are redeemed.
This card earns unlimited 2 points for every dollar spent on travel and dining purchases and unlimited 1.5 points per dollar on all other purchases. These multipliers can be enhanced with Bank of America Preferred rewards.
For point redemptions, these points can be redeemed in 1 of 3 ways: travel redemption through the Bank of America travel portal, specifically with flights, which nets you a 1.25cpp redemption rate, cash back via statement credit or direct deposit, netting you a 1cpp redemption rate, or through gift cards, also netting you a 1cpp redemption rate.
The perks and benefits include a $300 Annual Airline Incidental Credit, a $150 Annual Lifestyle Credit, a $100 Global Entry/TSA-Precheck Credit, and the ability to save 20% on domestic and international airfare for any class when you pay with points. It also has no foreign transaction fees, no fees for adding authorized users (max of 5), and a host of Visa Infinite benefits, including Priority Select Membership.
This card is really meant for those who want to have assets with Bank of America and be a part of their Preferred Rewards system. If you have no status or Gold status, I do not recommend this card. If you have Platinum status, I would consider this card, and if you have Platinum Honors status, I highly recommend this card if you can use the Airline Incidental and Lifestyle credits, and also plan to redeem your points using the BofA Travel Portal.
--
CONNECT with me:
▶️ SUBSCRIBE to my channel!: thecreditfrog
📷 Instagram: Instagram: thecreditfrog
🎞 TikTok: TikTok: thecreditfrog
✅ Referral Links: https://znap.link/tcf
Chapters:
00:00 Intro
00:18 Sign-Up Bonus and Annual Fee
01:09 Point Multipliers
02:17 BofA Preferred Rewards System
03:40 Perks and Benefits Summary
04:21 100 Dollar TSA Precheck/Global Entry Credit
05:04 300 Dollar Annual Airline Incidental Credit
05:35 150 Dollar Annual Lifestyle Credit
06:03 BofA Rewards Website - Credit Tracker
06:27 Should I Get the Premium Rewards Card Instead?
07:27 20% Savings on Airfare Redemption
08:40 Should You Get This Card?
09:30 Why I'm Keeping This Card
09:46 Outro
--
Disclaimer: I am not a financial advisor, accountant, or lawyer, and as such, I do not provide financial, tax, or legal advice. This video, and any ideas presented in it, are opinions and are provided for entertainment purposes only. Please do your own research and consult your own financial, tax, or legal professional for specific advice.
#bankofamerica, #premiumrewardselite, #creditcardreview
2 سال پیش
در تاریخ 1401/04/06 منتشر شده
است.
12,429
بـار بازدید شده