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Bank of America is one of the largest banks in the United States, and they offer two credit card options: the Premium Rewards card and the Travel Rewards card. Both of these cards come with their own unique benefits, so it’s important to compare these two cards to help you decide which one is right for you.
Bank of America Premium Rewards
The Bank of America Premium Rewards credit card is designed for those who want to earn rewards on their everyday purchases. This card offers a sign-up bonus of 50,000 points after you spend $3,000 in the first 90 days of opening your account. You can redeem these points for cash back, statement credits, or travel purchases.
The Premium Rewards card also offers 2 points per dollar spent on travel and dining purchases and 1.5 points per dollar spent on all other purchases. There are no foreign transaction fees, and you can receive up to $100 in airline incidental statement credits per year.
Bank of America Travel Rewards
The Bank of America Travel Rewards credit card is designed for those who want to earn rewards specifically for travel purchases. This card offers a sign-up bonus of 25,000 points after you spend $1,000 in the first 90 days of opening your account. You can redeem these points for statement credits towards travel purchases.
The Travel Rewards card also offers 1.5 points per dollar spent on all purchases, and there are no foreign transaction fees. Additionally, this card offers an introductory 0% APR for the first 12 billing cycles on purchases and balance transfers.
Comparison
When it comes to the Bank of America Premium Rewards vs Travel Rewards comparison, there are a few key differences to consider. The Premium Rewards card offers a higher sign-up bonus and more points per dollar spent on travel and dining purchases, but it also requires a higher spend to earn the sign-up bonus.
The Travel Rewards card has a lower sign-up bonus and fewer points per dollar spent on travel and dining purchases, but it also has a lower spending requirement to earn the sign-up bonus and offers a 0% introductory APR.
Ultimately, the right card for you will depend on your specific spending habits and what types of rewards you prefer. If you frequently travel and dine out, the Premium Rewards card may be the better option. If you’re looking for a more general travel rewards card with a lower spending requirement and introductory APR, the Travel Rewards card may be the way to go.
FAQ
| Question | Answer |
| What is the sign-up bonus for the Bank of America Premium Rewards card? | The sign-up bonus for the Premium Rewards card is 50,000 points after you spend $3,000 in the first 90 days of opening your account. |
| What is the sign-up bonus for the Bank of America Travel Rewards card? | The sign-up bonus for the Travel Rewards card is 25,000 points after you spend $1,000 in the first 90 days of opening your account. |
| Which card is better for travel rewards? | The Premium Rewards card offers more points per dollar spent on travel and dining purchases, making it a better choice for those who frequently travel and dine out. |
| Which card has a lower spending requirement to earn the sign-up bonus? | The Travel Rewards card has a lower spending requirement of $1,000 to earn the sign-up bonus, while the Premium Rewards card requires $3,000 in spending. |
Conclusion
Overall, both the Bank of America Premium Rewards and Travel Rewards credit cards offer valuable rewards and benefits for cardholders. By comparing the key features of each card, you can determine which one is the best fit for your unique financial situation and spending habits.
Originally posted 2022-05-01 19:25:00.