Bank of America · card facts

Bank of America Premium Rewards Elite

Best economics for travelers who use the credits and BofA relationship bonuses.

WELCOME BONUS75k pointsSpend $5,000

ANNUAL FEE$550First year: $550

CREDITSOK$450/yr advertised

LOUNGE ACCESSPriority Pass SelectVaries by card

Dollar estimates below use $3,000/month benchmark spending and TPG's August 2026 points/miles valuation. Lounge visits are not assigned a dollar value.

Year 1 · best case

+$1,262

Welcome bonus · TPG est.+$750

Full advertised annual credits+$450

Rewards on $36,000 benchmark spend+$612

First-year annual fee−$550

Keep / year · best case credits

+$512

Definitely keep

This recurring estimate uses the full advertised credit amount. The OK label tells you how realistic it may be to capture all $450 of those credits.

Advertised credits$450

Credit difficultyOK

TPG Aug. 2026 value1.00¢

Annual fee$550

Fee minus advertised credits$100 cost

Credit details

$450 advertised per year · OK to use fully

Card creditsVaries · Varies difficulty

$450 advertised

See issuer terms for eligible purchases, timing and restrictions.

Lounge access

Priority Pass Select

Participating Priority Pass lounges; card-specific guest rules apply.

Guest ruleVaries by card

Compare all cards →Read the methodology

Offer accuracy: Card offers and benefits change. Verify current issuer terms before applying. The credit amount shown is the advertised total; difficulty labels warn about restrictions rather than discounting the credit to a made-up personal value. Affiliate disclosure.