# Bank of America Premium Rewards > credit card from Bank of America **Wikidata**: [Q111367410](https://www.wikidata.org/wiki/Q111367410) **Source**: https://4ort.xyz/entity/bank-of-america-premium-rewards ## Summary Bank of America Premium Rewards is a premium credit card issued by Bank of America, designed for users seeking rewards-based benefits. It operates on the Visa network and features an annual fee alongside no foreign transaction fees. This card is distinct from the Bank of America Premium Rewards Elite card. ## Key Facts - **Issuer:** Bank of America - **Card Network:** Visa Inc. - **Category:** Credit card (subclass of payment card) - **Annual Fee:** $95 (as of the latest available information) - **Foreign Transaction Fees:** 0% - **Model Item:** Representative of Bank of America's premium credit card offerings - **Distinct From:** Bank of America Premium Rewards Elite - **Website:** [Bank of America Premium Rewards Credit Card](https://www.bankofamerica.com/credit-cards/products/premium-rewards-credit-card/) - **Language of Website:** English - **Instance Of:** Credit card ## FAQs **What is the Bank of America Premium Rewards credit card?** The Bank of America Premium Rewards is a Visa credit card offered by Bank of America. It is designed for consumers who want to earn rewards on their everyday purchases and includes an annual fee. **What are the fees associated with the card?** The card has an annual fee of $95. Notably, it does not charge foreign transaction fees, making it suitable for international use. **How does it differ from the Premium Rewards Elite card?** Bank of America Premium Rewards is distinct from the Premium Rewards Elite version, which may offer enhanced benefits or different fee structures. **Which payment network does it use?** The card operates on the Visa payment network. **Who issues the card?** It is issued by Bank of America, one of the largest banks in the United States. **Is it classified as a credit card?** Yes, it is categorized under the broader class of credit cards, which are payment cards distinct from charge or debit cards. ## Why It Matters Bank of America Premium Rewards plays a significant role in the consumer credit market by offering a rewards-focused financial product. It provides cardholders with benefits that align with premium spending habits, such as travel and dining rewards, while eliminating foreign transaction fees. This makes it particularly valuable for frequent travelers and high spenders. Its integration with the Visa network ensures global usability, and its structure as a credit card allows users to build credit while earning rewards. The card contributes to Bank of America's portfolio of financial products aimed at affluent customers, reinforcing the bank's position in the premium credit card segment. ## Notable For - **No Foreign Transaction Fees:** Unlike many premium cards, it does not charge additional fees for international purchases. - **Annual Fee Structure:** Features a fixed annual fee of $95, positioning it within the premium tier of credit cards. - **Visa Network Integration:** Operates on the globally accepted Visa platform, ensuring wide usability. - **Differentiation from Elite Version:** Clearly distinct from the Premium Rewards Elite card, offering a tiered product lineup. - **Rewards-Based Benefits:** Tailored for users who prioritize earning and redeeming rewards on spending. - **Issued by a Major Bank:** Backed by Bank of America, a top-tier financial institution with extensive customer support and infrastructure. ## Body ### Product Overview Bank of America Premium Rewards is a premium-tier credit card designed for consumers who seek rewards on their spending. It is part of Bank of America's broader credit card ecosystem, which includes both standard and premium offerings. The card is positioned as a rewards-focused financial tool, distinct from basic or secured credit cards. ### Issuer and Network The card is issued by Bank of America, one of the largest banking institutions in the United States. It operates on the Visa payment network, which provides global transaction processing and acceptance. This integration ensures that cardholders can use the card for both domestic and international transactions. ### Fee Structure - **Annual Fee:** $95 - **Foreign Transaction Fees:** 0% — a key benefit for international travelers and users who make foreign purchases This fee structure positions the card within the premium segment, offering benefits that may offset the cost for users with high spending patterns. ### Distinction from Premium Rewards Elite Bank of America Premium Rewards is explicitly differentiated from the Premium Rewards Elite version. While both cards are part of the same rewards program family, the Elite version may offer enhanced benefits such as higher reward rates or additional perks, making the standard Premium Rewards card a more accessible entry point into the premium tier. ### Functional Classification As a credit card, Bank of America Premium Rewards is classified under the Dewey Decimal Classification 332.765 and is part of the broader payment card class. It is distinct from charge cards and debit cards, functioning as a revolving credit instrument that allows users to carry balances and earn rewards. ### Website and Language The card's official information is hosted on Bank of America's website, specifically at [this link](https://www.bankofamerica.com/credit-cards/products/premium-rewards-credit-card/). The content is provided in English, aligning with the bank's primary market. ### Related Entities - **Visa Inc.:** The payment network that facilitates transaction processing - **Bank of America:** The issuing financial institution - **Premium Rewards Elite:** A related but distinct product offering - **Credit Card (Class):** The broader category under which this product is classified ### Digital Representation and Authority Control While the card itself does not have a dedicated Unicode symbol, it falls under the broader "credit card" entity, which is represented by the Unicode character 💳. The card is also indexed in financial and knowledge systems through its association with the credit card class, ensuring discoverability in databases and knowledge graphs. ### Competitive Positioning Bank of America Premium Rewards competes in the premium credit card market, targeting consumers who value rewards without foreign transaction fees. Its $95 annual fee aligns it with other premium offerings from major banks, while its integration with Visa ensures global acceptance. The card's structure supports both everyday spending and travel-related expenditures, appealing to a broad demographic of affluent users. ## References 1. [Source](https://www.bankofamerica.com/credit-cards/products/premium-rewards-credit-card/)