Bank of America · $550 annual fee
Bank of America Premium Rewards Elite benefits
The Bank of America Premium Rewards Elite Card lists up to $300 per year in airline incidental credits, up to $150 per year in lifestyle credits, and up to $120 for Global Entry or TSA PreCheck every four years. It also includes Priority Pass Select membership for the primary cardholder and up to three additional memberships.
What stands out
$300 airline incidental credit
Eligible airline purchases can include upgrades, baggage, lounge fees, and in-flight purchases under the current terms.
$150 lifestyle credit
Eligible video streaming, food delivery, fitness subscription, and rideshare purchases can receive statement credits.
Airport and lounge benefits
The card lists a Global Entry or TSA PreCheck application-fee credit and Priority Pass Select memberships, subject to current enrollment and access rules.
$480
estimated annualized value
$550
per year
-$70
Based on full eligible use at face value
4
3 credits · 1 perks
Which credit benefits does this card include?
Airline Incidental Credit
Up to $300 per year in statement credits for qualifying airline purchases (upgrades, baggage, lounge fees, in-flight).
$300
annual
Lifestyle Credit
Up to $150 per year in statement credits for video streaming, food delivery, fitness subscriptions, and rideshare.
$150
annual
Global Entry or TSA PreCheck Credit
Up to $120 statement credit every 4 years for Global Entry or TSA PreCheck application fee.
$120
every 4 years · $30 estimated annualized value
What other benefits does this card include?
Priority Pass Select
Complimentary Priority Pass Select membership for primary cardholder plus up to 3 additional memberships.
Related benefit guides
Frequently asked questions
What is the estimated annualized value of Premium Rewards Elite Card credits?
Bank of America Premium Rewards Elite Card has 3 listed credits with an estimated annualized value of up to $480 when every eligible benefit is fully used. Multi-year credits are averaged across their eligibility periods.
Does the Premium Rewards Elite Card annual fee make sense?
Based on full eligible use at face value, the listed credits' estimated annualized value is about $480, leaving a modeled gap of about $70 against the $550 annual fee, before rewards and other benefits. This modeled comparison is not savings. Your usable value depends on whether the credits match spending you would make anyway.
Which Premium Rewards Elite Card benefits should I track first?
Start by reviewing Airline Incidental Credit, Lifestyle Credit, and Global Entry or TSA PreCheck Credit because they have the largest estimated annualized face value in this guide. Prioritize only the benefits that fit purchases you would otherwise make.
What should I verify before relying on Premium Rewards Elite Card benefits?
Check current Bank of America terms for enrollment, eligible purchases, spending thresholds, benefit periods, and statement-credit timing. Account-specific terms and card changes can affect what applies to you.
Benefit terms can change. Estimated annualized values model full eligible use at face value and average multi-year credits across their eligibility periods. They do not represent actual savings. Verify current terms with Bank of America.
Keep these credits on your list
Track all 3 listed credit benefits manually on Free. With Pro, the browser extension can import issuer-reported activity for supported cards after you sign in on the issuer's website and remind you before eligible benefits reset.