Bank of America® Premium Rewards® Elite Credit Card (Visa Infinite®)
$550/ year
Up to $480/yr in credits & perksVisa (Visa Infinite®)BofA Rewards valued at 1¢/ptRecent changes: Current annual fee: $550. Previous: UNCONFIRMED — no documented prior annual fee at official-source level. Task brief cited $375, but this figure is UNCONFIRMED: the live bankofamerica.com landing page shows $550 and the CNBC launch article (Nov 22, 2021) also confirms $550 as launch fee. No official BofA source documents a $375 fee for this card.. First-year waived: False. New vs existing: same — $550 annual fee for both new and existing cardmembers.
Benefits, itemized
14 tracked · published maximums — realized value depends on enrollment and timing.$300 Annual Airline Incidental Statement Credit
CreditUp to $300 annually in Airline Incidental Statement Credits for qualifying purchases
Terms & eligibility
Qualifying airline incidental purchases only — does NOT include airfare / ticket purchases; seat upgrades, baggage fees, airline lounge fees, and in-flight services qualify
Government source · Aug 24, 2026Up to
$300
per year
$150 Annual Lifestyle Statement Credit
CreditUp to $150 annually for lifestyle conveniences including video streaming services, food delivery, fitness subscriptions, and rideshare services
Terms & eligibility
Qualifying lifestyle convenience purchases only — specific eligible merchants per BofA terms
Government source · Aug 24, 2026Up to
$150
per year
$120 TSA PreCheck® / Global Entry Application Fee Credit (every four years)
CreditUp to $120 in statement credits for Global Entry or TSA PreCheck application fees, every four years
Terms & eligibility
Must pay the Global Entry or TSA PreCheck application fee with the Premium Rewards Elite card
Government source · Aug 24, 2026Up to
$30
on_demand
2x Points on Travel and Dining (Unlimited)
EarningUnlimited 2 points per dollar spent on travel and dining purchases
Terms & eligibility
Standard travel and dining Merchant Category Codes (MCCs)
Government source · Aug 24, 2026Included
1.5x Points on All Other Purchases (Unlimited)
EarningUnlimited 1.5 points per dollar spent on all other purchases
Terms & eligibility
Standard base earn on all non-travel, non-dining purchases
Government source · Aug 24, 2026Included
BofA Preferred Rewards Bonus Tier (up to 75% bonus rewards)
AccessEarn 25%/50%/75% rewards bonus on every purchase based on Preferred Rewards tier (Gold / Platinum / Platinum Honors / Diamond)
Terms & eligibility
Must be enrolled in BofA Rewards and qualify for the relevant Preferred Rewards tier: Gold tier ($20k-$49,999 combined balances) = 25% bonus; Platinum tier ($50k-$99,999) = 50% bonus; Platinum Honors tier ($100k-$999,999) = 75% bonus; Diamond tier ($1M+) = 75% bonus (per thepointsparty.com April 23, 2026 guide)
Government source · Aug 24, 2026Included
Priority Pass™ Select Airport Lounge Access (Up to 4 Complimentary Memberships)
AccessUp to 4 complimentary Priority Pass Select Memberships with free unlimited access to airport lounges and experiences worldwide
Terms & eligibility
Up to 4 complimentary Priority Pass Select Memberships available — primary cardmember + up to 3 additional cardmembers or guests (specific allocation UNCONFIRMED at official source level — Reddit user reports 2 guests in addition to up to 4 selected friends/family added to the card)
Government source · Aug 24, 2026Est. value
~$429
ongoing
Visa Infinite Luxury Hotel Collection
AccessBenefits at premium hotels including late checkouts, free breakfast daily for two, automatic upgrades, and more (some benefits based on availability)
Terms & eligibility
Subject to availability at participating properties; booking terms apply
Government source · Aug 24, 2026Included
Visa Infinite Car Rental Benefits
AccessVIP amenities, complimentary status upgrades, and discounts with Avis®, Hertz®, and National®
Terms & eligibility
Subject to rental terms at participating locations
Government source · Aug 24, 2026Included
24/7 Premium Rewards® Elite Visa Infinite® Concierge
AccessComplimentary 24/7 Full-Service Concierge to book travel, dinner reservations, event tickets, and more
Terms & eligibility
Concierge service fees may apply for some bookings; service available 24/7
Government source · Aug 24, 2026Included
20% Airfare Savings When Paying with Points
AccessSave 20% on domestic or international airfare for any class when you pay with points through BofA Travel or the Concierge
Terms & eligibility
Must book airfare through BofA Travel or Concierge and pay with points
Government source · Aug 24, 2026Included
Travel Insurance Protections
ProtectionTravel Insurance protections for trip delays, cancellations, interruptions, baggage delay, lost luggage reimbursement, roadside assistance, and emergency evacuation and transportation
Terms & eligibility
Trip must be paid for with the Premium Rewards Elite card to qualify for coverage; terms and limits per Visa Infinite benefits guide
Government source · Aug 24, 2026Included
No Foreign Transaction Fees
AccessNo foreign transaction fees on purchases made outside the U.S.
Terms & eligibility
Applies to all international purchases
Government source · Aug 24, 2026Included
$0 Liability Guarantee (Fraud Protection)
Access$0 Liability Guarantee for fraudulent transactions; fraud detection with abnormal pattern alerts
Terms & eligibility
Cardmember must not share personal or account information; claims filed by accountholder against posted and settled transactions subject to dollar limits and verification
Government source · Aug 24, 2026Included
Downgrade paths
Product changes usually keep your account age and credit line. Retained-value figures are estimates — confirm specifics with the issuer.
Move to Bank of America® Premium Rewards® Credit Card (the standard $95 AF version, not the Elite)
$95/yr
Community-reported · not guaranteedRetained value not quantifiedExisting Premium Rewards Elite cardmembers in good standing; account typically open ≥12 months; subject to BofA's product change eligibility matrix; YMMV — some cardmembers report BofA allowing product changes readily, others report denials (per Reddit r/CreditCards thread) Call the customer service number on the back of the card to request a product change to Premium Rewards; account open ≥12 months; subject to credit approval
Government source · Aug 24, 2026Move to Bank of America® Customized Cash Rewards Credit Card (no AF, no FTF version available)
no annual fee
Community-reported · not guaranteedRetained value not quantifiedExisting Premium Rewards Elite cardmembers in good standing; account open ≥12 months; subject to BofA's product change eligibility matrix; YMMV — multiple Reddit datapoints confirm BofA's matrix allows Elite → Customized Cash product change Call BofA customer service to request product change to Customized Cash Rewards; account open ≥12 months; subject to credit approval
Government source · Aug 24, 2026Move to Bank of America® Travel Rewards Credit Card (no AF, no FTF)
no annual fee
Community-reported · not guaranteedRetained value not quantifiedExisting Premium Rewards Elite cardmembers in good standing; account open ≥12 months; subject to BofA's product change eligibility matrix; YMMV Call BofA customer service to request product change to Travel Rewards; account open ≥12 months; subject to credit approval
Government source · Aug 24, 2026
Recent retention offers
Government source · Aug 24, 2026- upd. 2 months agoOffer reported2025-04 (Reddit thread, r/CreditCards 'Retention offers on the BOA Premium Rewards Elite')
UPDATE: No luck on a retention offer (57K spend in 2024), so I asked for a product change to either Premium Rewards or Customized Cash Rewards.
n/a — no offer extended despite 57K spend in 2024 spendn/a1 datapoints · low confidence
Offers vary by account and eligibility. Reported outcomes are not guaranteed. Community data shown here is an illustrative sample — never rely on it as a promise of what you'll be offered.
Information is provided for educational and decision-support purposes and may change. Always confirm current terms, benefits, eligibility, fees, and offers directly with Bank of America, N.A..