Bank of America

Premium Rewards Elite

Name: Bank of America Premium Rewards Elite
Brand: Bank of America
Price: 550.00 USD

2 benefits worth up to $450 a year if you use them all.

Every benefit on the Premium Rewards Elite

Annual

$300 / year

Up to $300 per calendar year in statement credits for eligible airline incidental purchases.

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Make an eligible airline incidental purchase Use your Bank of America Premium Rewards Elite Card for a qualifying airline incidental fee with an eligible U.S. domestic airline.
Pay the incidental separately Eligible incidental charges should be billed separately from the airline ticket purchase.
Use your Premium Rewards Elite Card Pay the qualifying incidental fee directly with your eligible Bank of America Premium Rewards Elite Card.
Get the statement credit Bank of America will automatically apply statement credits for qualifying purchases, up to your annual allowance.

Up to $300 in statement credits per calendar year
Can be used across multiple qualifying airline incidental purchases
Eligible charges can include preferred seating upgrades, checked baggage fees, airline lounge fees, in-flight entertainment, and onboard food or beverage purchases

Airline tickets themselves do not qualify.
Mileage purchases, mileage transfer fees, gift cards, duty-free purchases and award-ticket charges do not qualify.
Incidental charges generally need to be separate from the airline ticket transaction.
The airline must submit the charge using the appropriate merchant or service coding for it to be recognized as eligible.
Statement credits may take 2–3 weeks to appear.
The benefit resets each calendar year.
UseIt tracks the annual allowance so you can see how much remains.

Annual

$150 / year

Up to $150 per calendar year in statement credits for eligible rideshare, food delivery, video streaming and fitness purchases.

Learn more

Make an eligible lifestyle purchase Use your Bank of America Premium Rewards Elite card for a qualifying rideshare, food delivery, video streaming or fitness purchase.
Pay directly with your card Charge the qualifying purchase to your Premium Rewards Elite card.
Get the statement credit Bank of America will automatically apply statement credits for eligible purchases, up to your annual allowance.

Up to $150 in statement credits per calendar year
Eligible categories include:
- Rideshare
- Food delivery
- Video streaming services
- Fitness subscriptions

No enrollment is required.
The $150 allowance is shared across all eligible lifestyle categories.
Bank of America determines eligibility based on the merchant and how the transaction is coded.
Purchases processed through certain third parties or unsupported digital payment methods may not qualify if the necessary merchant information is not transmitted.
Bank of America says qualifying statement credits generally post within 2–3 weeks.
Your account must remain open with active charging privileges when the credit is fulfilled.
The benefit resets each calendar year.
UseIt tracks your annual $150 Lifestyle Credit so you can see how much remains.

Monthly benefits count 12 times, quarterly 4, twice-yearly 2, and annual or card-year benefits once.
Where a benefit is worth more in a specific month (for example a higher December credit), that month's value is used.
Where a benefit has no fixed dollar value but a published estimate, the estimate is used (shown with a ~).
Benefits unlocked by a spending threshold are counted at their listed or estimated value; the threshold is shown on the benefit.
Benefits with no fixed or estimated dollar value are listed but not counted.
The total assumes every included benefit is used in full, every period. Most people get less — UseIt exists to close that gap.

UseIt tracks each credit's reset date and reminds you before it expires.