What are the Bank of America Premium Rewards Credit Card requirements for approval? This question is about the Bank of America® Premium Rewards® credit card

The main Bank of America Premium Rewards credit card requirements are that an applicant must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification number. Applicants must also have a physical U.S. address, enough income to make monthly minimum payments, and excellent credit. Bank of America Premium Rewards credit card Requirements At least 18 years old Physical U.S. address (no P.O. boxes) Proof of enough income to make the monthly minimum payment Social Security number or ITIN Excellent credit Checking or savings account If you apply for the Bank of America Premium Rewards credit card, it’s important that you enter all required information completely and accurately. Knowingly reporting false or misleading information on a credit card application is a federal crime.

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What are the Bank of America Premium Rewards Credit Card requirements for approval?

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This question is about the Bank of America® Premium Rewards® credit card

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Chip Lupo, Credit Card Writer

@CLoop • 02/23/23 This answer was first published on 02/23/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The main Bank of America Premium Rewards credit card requirements are that an applicant must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification number. Applicants must also have a physical U.S. address, enough income to make monthly minimum payments, and excellent credit.

Bank of America Premium Rewards credit card Requirements

At least 18 years old
Physical U.S. address (no P.O. boxes)
Proof of enough income to make the monthly minimum payment
Social Security number or ITIN
Excellent credit
Checking or savings account

If you apply for the Bank of America Premium Rewards credit card, it’s important that you enter all required information completely and accurately. Knowingly reporting false or misleading information on a credit card application is a federal crime.

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Does the Bank of America Premium Rewards Credit Card have pre-approval?

Yes, the Bank of America Premium Rewards credit card does have pre-approval. Bank of America has an online pre-approval page where potential applicants can quickly check their odds of approval for certain Bank of America credit cards before they actually apply for one. Current Bank of America customers may also receive pre-approved offers periodically by e-mail or when logging into their card’s online account. And in some cases, Bank of America will send people pre-approved offers for a specific credit card in the...

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What are my Bank of America Premium Rewards credit card approval odds?

Your Bank of America Premium Rewards credit card approval odds are good if you have a credit score of 750+, which is considered excellent credit. Approval odds for the Bank of America Premium Rewards credit card will also be influenced by your annual income and existing debts. Applicants will need to be 18+ years old with a U.S. mailing address and an SSN or ITIN, as well.

What You Need for Good Bank of America Premium Rewards credit card Approval Odds

Excellent credit or better
Enough income to pay...

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What is a good income for a credit card?

A good annual income for a credit card is more than $39,000 for a single individual or $63,000 for a household. Anything lower than that is below the median yearly earnings for Americans. However, there’s no official minimum income amount required for credit card approval in general. It varies by credit card company and from individual card to card.

For example, the Capital One Venture Rewards Credit Card requires at least $425 more in income per month than you...

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