Introduction
The Bank of America Premium Rewards credit card offers a range of benefits to its customers. One of the standout features is the $100 travel credit that cardholders can take advantage of every year. This article aims to explore the details of this travel credit and how it can enhance your travel experiences.
Understanding the Bank of America Premium Rewards Credit Card
The Bank of America Premium Rewards credit card is a popular choice among travel enthusiasts and frequent flyers. With its attractive rewards program and array of perks, it offers great value for money. One of the most significant advantages of this card is the $100 travel credit provided annually.
How Does the Travel Credit Work?
The $100 travel credit is designed to help cardholders offset some of their travel expenses. When you make eligible travel purchases using your Bank of America Premium Rewards credit card, you can receive a statement credit of up to $100 per year.
Eligible Travel Purchases
The travel credit applies to a wide range of travel-related expenses, such as flights, hotels, rental cars, cruises, and more. It even covers baggage fees, seat upgrades, and airport lounge access. This flexibility allows you to make the most of your travel credit and enjoy a more comfortable journey.
Maximizing Your Travel Credit
To maximize your Bank of America Premium Rewards $100 travel credit, it’s essential to plan your travel expenses strategically. Consider booking your flights and accommodations through the Bank of America Travel Center, as these purchases are automatically recognized as eligible expenses.
Additionally, if you have other travel-related expenses, such as baggage fees or seat upgrades, make sure to charge them to your Bank of America Premium Rewards credit card to take full advantage of the travel credit.
Redeeming Your Travel Credit
Once you’ve made eligible travel purchases, you’ll receive a statement credit for the amount spent, up to $100, on your Bank of America Premium Rewards credit card statement. This credit effectively reduces your overall travel expenses.
Other Benefits of the Bank of America Premium Rewards Credit Card
Besides the $100 travel credit, the Bank of America Premium Rewards credit card offers several other benefits that make it a top choice for many travelers. These benefits include:
1. Generous Reward Points
With this credit card, you earn two points for every dollar spent on travel and dining purchases and 1.5 points per dollar on all other purchases. The points can be redeemed for cash back, travel, gift cards, or even to pay down your credit card balance.
2. Travel and Purchase Protections
The Bank of America Premium Rewards credit card provides various travel and purchase protections, such as trip cancellation insurance, trip delay reimbursement, and purchase security.
3. No Foreign Transaction Fees
If you frequently travel abroad, you’ll appreciate the fact that this credit card does not charge any foreign transaction fees. This feature can save you a substantial amount of money when making purchases internationally.
Conclusion
The Bank of America Premium Rewards $100 travel credit is a fantastic perk that can significantly enhance your travel experiences. By taking advantage of this credit and maximizing its benefits, you can save money on your travel expenses while enjoying the rewards and protections offered by the credit card. Whether you’re a frequent traveler or an occasional explorer, this credit card is worth considering for its attractive rewards program and numerous advantages.