Bank of America Premium Rewards Card Review – 60,000-Point Bonus, TSA PreCheck Credit and No Foreign Transaction Fees
How the Bank of America Premium Rewards 60,000-point ($600) bonus, TSA PreCheck credit and no foreign transaction fees boost travel rewards and cut costs for U.S. travelers
Why this card makes sense for U.S. travelers
For Americans who travel often and bank with a major U.S. provider, the Bank of America Premium Rewards card delivers a clear mix of everyday earning and travel value. It pairs a competitive rewards rate on dining and travel with practical benefits that reduce common travel costs, like airline incidental credits and a TSA PreCheck or Global Entry fee credit.
Because points are redeemable at a consistent value, cardholders get predictable returns whether they choose cash back or travel bookings. That simplicity appeals to people who want solid travel rewards without juggling transfer partners or complex award charts.
Rewards structure and welcome offer
The card earns 2 points per dollar on travel and dining and 1.5 points per dollar on all other purchases, plus a large welcome bonus after meeting the minimum spend. U.S. consumers who put regular spending on the card can rack up points quickly, and the 60,000-point welcome boost is a major jumpstart for a first big trip.
Annual fee is modest for the benefits provided, and cardholders who participate in the bank’s Preferred Rewards program can increase earning rates by up to 75 percent. That makes the effective return on travel and dining even stronger for those who maintain qualifying balances.
Travel perks, fees and protections
Travel perks include up to $100 per year in airline incidental credits and the TSA PreCheck or Global Entry credit every four years, which is handy for frequent flyers in the U.S. The card also has no foreign transaction fees, so it’s a smart choice for international use without extra charges on purchases abroad.
On the protection side, cardholders get trip delay and cancellation coverage, baggage delay insurance, and auto rental collision damage waivers. These protections reduce out-of-pocket risk when plans go sideways, a reassuring layer for travelers who value peace of mind.
How to maximize value and final considerations
To extract the most value, funnel travel and dining spend to the Premium Rewards card and enroll in Preferred Rewards if you can meet the balance thresholds. Use the airline incidental and TSA PreCheck credits to offset the annual fee and redeem points for travel or statement credits at the standard one-cent-per-point value.
Keep in mind the card’s variable APR and balance transfer fees if you carry a balance; the product shines when paid in full each month. Overall, for U.S.-based travelers who want straightforward, flexible rewards and no foreign transaction fees, this card offers a strong mix of earnings, perks, and consumer protections.