Premium Rewards Review 2026
EDITOR'S PICKUpdated Feb 16, 2026·CardStack Data Team
Quick Answer
The Premium Rewards earns 2.0X on travel, 2.0X on dining, 1.5X on all_purchases with a $95 annual fee. The current signup bonus is 60,000 points (worth $600 at portal rates) after $5,000 spend.
3.4/5
Overall
4.0/5
Rewards
4.0/5
Benefits
3.0/5
Value
ComparePremium Rewards vs Delta SkyMiles Blue·Premium Rewards vs Blue Business Cash·Premium Rewards vs Blue Business Plus·Premium Rewards vs Blue Cash Everyday·Premium Rewards vs Cash Magnet
Rewards Structure
| Category | Rate | Effective ¢/$ | MCCs |
|---|---|---|---|
| travel | 2X pts/$ | 2.00¢ | Varies |
| dining | 2X pts/$ | 2.00¢ | Varies |
| all_purchases | 2X pts/$ | 1.50¢ | Varies |
| Everything Else | 1X pts/$ | 1.00¢ | All |
Check MCCMCC Lookup Tool
Signup Bonus Value
60,000 points BANK_OF_AMERICA Points
Spend $5,000 in first 3 months
Cash / statement credit$600
Portal redemption (1.00¢/pt)$600
Maximum value$600
Benefits
Trip Cancellation and Interruption Insurance
$2,500
Trip Delay Reimbursement
Included
Auto Rental Collision Damage Waiver
Included
Purchase Protection
$1,000
Extended Warranty
Included
Effective Annual Fee
Annual fee–$95
Net annual cost–$95 effective cost
Financial disclaimer: CardStack is not a financial advisor. Credit card terms, APRs, and fees are set by BANK_OF_AMERICA and subject to change. Verify all information on the issuer's website before applying.
Strengths and Weaknesses
Strengths
- Signup bonus worth up to $750
- No foreign transaction fees
- Low annual fee with strong return on value
Weaknesses
- $95 annual fee
- 1X base rate on non-bonus spending
Who This Card Is For
Foodies & Diners
Bonus earning on restaurants and delivery
International Travelers
No foreign transaction fees
Value Seekers
Strong rewards relative to $95 fee
Frequent Travelers
Bonus earning on travel purchases
Frequently Asked Questions
Is the Premium Rewards worth $95/year?
For moderate spenders, generally yes. The Premium Rewards offers rewards and benefits that typically exceed the $95 annual fee for anyone who uses the bonus categories regularly.
What credit score is needed for the Premium Rewards?
Most successful applicants have a credit score of 670 or higher. Higher scores significantly improve approval odds.
What is the current signup bonus for the Premium Rewards?
The current signup bonus is 60,000 points. Check the issuer's website for the latest offer details and spending requirements.
Methodology
This review draws on data from 35+ independent sources including official product pages, the CFPB Credit Card Agreements Database, community approval datapoints, expert point valuation sources, and our proprietary MCC verification database. Rankings are data-driven with no affiliate influence on placement. Card terms were last verified on February 16, 2026. Full methodology: cardstack.co/methodology.