How do I activate my Bank of America Premium Rewards credit card?

The Bank of America® Premium Rewards® credit card is a Visa, not a Mastercard. You can use your Bank of America Premium Rewards credit card at nearly 11 million merchants that accept Visa nationwide, and you can use it abroad in more than 200 countries and territories.

There are a few differences between Visa and Mastercard credit cards, such as the network-level benefits they offer, but those differences are relatively small. The two card networks have a lot in common, including ... read full answerextensive worldwide acceptance. As a result, it’s more worthwhile to compare individual credit card offers than to focus on getting a card from a particular network.

The Bank of America Premium Rewards credit card exchange rate is Visa’s exchange rate on the date you make an international purchase. Visa exchange rates change on a daily basis, and they update these rates each day on their website.

While credit card exchange rates normally also include foreign transaction fees, the Bank of America Premium Rewards credit card does not charge foreign fees. This means the Bank of America Premium Rewards credit card will save cardholders 1.52% on purchases with international merchants, compared to the average credit card offer. As long as cardholders avoid ... read full answerdynamic currency conversion, the exchange rates they’ll pay on international spending with this card will be much lower than those they’d get from converting cash with banks, credit unions, or airport currency exchange services.

Unfortunately most issuers won't disclose their credit card activation time limit. But a fair assumption, based on what most cardholders report, is between 60 and 90 days.
Nevertheless, your card will appear on your credit report even if you don't activate it. That won't drastically affect your credit score. But it will improve your credit utilization ration ratio, even if you never activate the card.... read full answer