For many consumers, the Bank of America Premium Rewards Card can be the most rewarding cash back card for everyday spending. The card has a reasonable annual fee, though the card offers an annual airline incidental credit, which can really help offset that.
This credit can be used on most major US airlines, and applies to everything from preferred seating upgrades, to onboard food and beverage purchases. Given the reports I’ve seen of people being able to use this credit, I’d say it has the potential to be worth pretty close to face value, and should make it easier to justify the card’s annual fee on an ongoing basis.
If you have the Bank of America Premium Rewards Card, what has your experience been with the airline incidental credit?
Have had no problem buying a $100 AA gift card over the years with this credit, my favorite everyday card too.
Every Southwest ticket purchase, not early boarding fee, has triggered the credit.
Same here - have been buying AA e-gift cards for a long time. However, I always do 2 x $50 cards in separate transactions just to be sure.
One other useful benefit of the card (that doesn't get mentioned enough) is that it waives/reimburses Atm withdraw fees in foreign countries. It has saved me a lot over the years.
2x $50 purchases per year on United TravelBank have been reimbursed, for me, the two years I’ve had this card.
Che - when you use the premium rewards credit card at an international ATM are you charged a cash advance fee?
Here's what you don't comment about. Bank of America has a premium version of this card that is not cost effective because the additional benefits do not justify a higher annual fee.
You will be charged interest even if there is no fee to pull the cash. It's a credit card after all not an ATM or debit card.
When you say “Every Southwest ticket purchase”, does this include ticket purchase price greater than $100, will trigger the $100 airline incidental credit?
I use my BofA ATM debit card at internationally ATM. of course, I have to have a BofA checking account to have a BofA debit card.
Purchased an Even More Space seat upgrade for $123 on JetBlue on October 23. On November 18 customer service said JetBlue was not on the list of approved airlines.
Have had no problem buying a $100 AA gift card over the years with this credit, my favorite everyday card too.
Every Southwest ticket purchase, not early boarding fee, has triggered the credit.
When you say “Every Southwest ticket purchase”, does this include ticket purchase price greater than $100, will trigger the $100 airline incidental credit?
Same here - have been buying AA e-gift cards for a long time. However, I always do 2 x $50 cards in separate transactions just to be sure.
One other useful benefit of the card (that doesn't get mentioned enough) is that it waives/reimburses Atm withdraw fees in foreign countries. It has saved me a lot over the years.
Che - when you use the premium rewards credit card at an international ATM are you charged a cash advance fee?
You will be charged interest even if there is no fee to pull the cash. It's a credit card after all not an ATM or debit card.
I use my BofA ATM debit card at internationally ATM. of course, I have to have a BofA checking account to have a BofA debit card.
2x $50 purchases per year on United TravelBank have been reimbursed, for me, the two years I’ve had this card.
Here's what you don't comment about. Bank of America has a premium version of this card that is not cost effective because the additional benefits do not justify a higher annual fee.
Purchased an Even More Space seat upgrade for $123 on JetBlue on October 23. On November 18 customer service said JetBlue was not on the list of approved airlines.