Bank of America^® Premium Rewards^® Credit Card Review

The Premium Rewards Card offers the following benefits:

$100 Airline Fee Credit: Each year, you receive a $100 airline incidental statement credit for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees with U.S. Airlines.

Global Entry / TSA PreCheck Credit: This card offers a credit for TSA PreCheck (expedited airport security) or Global Entry (expedited airport security and customs).

No Foreign Transaction Fees: You’ll save money on every purchase while traveling internationally since this card doesn’t add the typical 3% surcharge that many other cards impose.

Trip Delay Insurance: When your trip is significantly delayed due to covered reasons like equipment failures or severe weather, this protection reimburses you for reasonable expenses including lodging, meals, toiletries, and medication. The coverage activates when you pay for travel with your card and extends to family members on the same itinerary, though you’ll need to seek reimbursement from the travel carrier first.

Trip Cancellation & Interruption Insurance: This protection reimburses you for non-refundable, prepaid travel expenses if you need to cancel before departure or cut your trip short due to covered situations like severe illness or weather events. Coverage activates when you pay for your trip with the card, but it’s important to note that reimbursement only applies for specific covered reasons rather than any cancellation.

Baggage Delay Insurance: Missing luggage doesn’t have to derail your trip – this coverage steps in to reimburse you for essential purchases when your checked bags are delayed by airlines, trains, or other carriers. You can grab the necessities you need, from a fresh outfit to personal care items, while waiting for your bags to arrive.

Secondary Rental Car Insurance: This card provides backup protection for rental car damage or theft when you charge the full rental to your card.

Lost Luggage Reimbursement: Your checked luggage gets extra protection against loss, theft, or damage beyond the basic compensation offered by carriers when you pay for travel with this card.

Extended Warranty Protection: Your purchases gain an extra year of warranty protection when bought with this card, extending manufacturer warranties of three years or less without the inflated prices of store warranty plans.

Return Protection allows cardholders to receive a refund for purchased items within a certain timeframe for items that merchants may not accept for return.

90-Day Purchase Protection: Your new purchases are covered against damage and theft for 90 days when you use your card. This protection helps safeguard your eligible items right from the moment you buy them.