Bank of America Premium Rewards review
Its best category is travel, at 2% back, though other cards earn more there.
- Updated October 17, 2026
- $95 annual fee
- Earns Bank of America Premium Rewards points
- 106 cards compared
Who it suits
Bank of America Premium Rewards
- Earns the most on travel: $2.00 back on $100, #25 of 106.
- It costs $95 a year, and American Express Blue Business Plus, with no annual fee, earns as much or more on travel right now.
Rates change, so verify them with the issuer before you apply.
See if it beats your cards on travelWhere it earns the most
What it earns on a $100 purchase in each category, and where that places it among the 106 cards we track.
| Category | On $100 | Rank |
|---|---|---|
| Dining | $2.00 2% | #59 of 106 |
| Groceries | $1.50 1.5% | #57 of 106 |
| Gas | $1.50 1.5% | #64 of 106 |
| Travel | $2.00 2% | #25 of 106 |
| Airfare | $2.00 2% | #34 of 106 |
| Hotels | $2.00 2% | #31 of 106 |
| Transit | $2.00 2% | #35 of 106 |
| Streaming | $1.50 1.5% | #39 of 106 |
| Drugstores | $1.50 1.5% | #30 of 106 |
| Online shopping | $1.50 1.5% | #30 of 106 |
| Wholesale clubs | $1.50 1.5% | #28 of 106 |
| Everything else | $1.50 1.5% | #27 of 106 |