Bank of America Premium Rewards credit card purchase protection covers the damage or theft of eligible purchases for up to 90 days after the purchase date. Purchase protection will reimburse Bank of America Premium Rewards credit card cardholders for up to $10,000 per claim and up to $50,000 per cardholder.

How to File a Purchase Protection Claim with the Bank of America Premium Rewards credit card

1. Call the Benefit Administrator at 1 (800) 847-2911, or the number in your card's benefits guide, within 60 days of the incident.
2. File a police report within 48 hours of the incident, if the item was stolen.
3. Submit a completed claim form within 90 days after the incident.
4. Wait for a decision. Bank of America will notify you of a decision once your claim has been processed. This could take Bank of America up to 15
5. Get reimbursed for the cost of repairing or replacing the item if your claim is validated by the Benefit Administrator.

Be aware that not all items are covered by the Bank of America Premium Rewards credit card purchase protection benefit. To see which items are covered by this perk, check the guide to benefits that came with your credit card.

The best Bank of America Premium Rewards credit card benefits are rental car insurance and return protection. The Bank of America® Premium Rewards® credit card also has roadside dispatch and purchase security, which are more common perks across Bank of America credit cards.

Bank of America Premium Rewards Credit Card Benefits

• Rental Car Insurance
• Return Protection
• Roadside Dispatch
• Purchase Security
• Trip Delay Reimbursement
• Trip Cancellation And Interruption
• Baggage Delay
• Travel And Emergency Assistance Services
• Emergency Evacuation...

The Bank of America® Premium Rewards® credit card credit score requirement is 750 or higher. That means people with excellent credit may have a decent shot at getting approved for the Bank of America Premium Rewards credit card. You can check your credit score for free here on WalletHub to see if you qualify.

Note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Bank of America Premium Rewards credit card. Some other key criteria include your income, existing debt load,...

The Bank of America® Premium Rewards® credit card foreign transaction fee is 0%. This means you won't be subject to an additional charge whenever you use the Bank of America® Premium Rewards® credit card outside of the United States. Whether it's a purchase at a physical location in a foreign country or an online transaction through an internationally-based merchant, you won't have to pay extra.

To learn more, refer to our guide on foreign transaction fees and our editors' picks for the best credit cards without foreign fees.

The Bank of America Premium Rewards credit card annual fee is $95. Bank of America Premium Rewards credit card's $95 annual fee is higher than the average annual fee among new credit card offers right now. It's not the only fee you need to worry about with the Bank of America® Premium Rewards® credit card, either.

Bank of America Premium Rewards credit card Fees

• Annual Fee: $95
• Foreign Fee: 0%
• Balance Transfer Fee: 4%
• Max Late Fee: See Terms

If you want to learn more, you can check WalletHub's guide on...

The Bank of America Premium Rewards credit card credit limit is $1,500 or more. Everyone who gets approved for Bank of America Premium Rewards credit card is guaranteed a credit limit of at least $1,500, and particularly creditworthy applicants could get limits a lot higher than that. The higher an applicant's credit score and income are, the higher the starting credit limit is likely to be.

The Bank of America Premium Rewards credit card credit limit that you start with isn't necessarily your credit line forever. You can ask to get a credit limit increase by calling the...

The minimum requirements for the Bank of America Premium Rewards credit card include being at least 18 years old, having an excellent credit score of 750 or better, and earning enough income to afford monthly bill payments. You also need to have a Social Security number or International Tax Identification Number.

Minimum Bank of America Premium Rewards credit card Requirements

• Enough income to make the monthly minimum payment
• Excellent credit (750+ credit score)
• 18+ years old
• Social Security number or International...

Your Bank of America Premium Rewards credit card application may have been denied for various reasons, such as a low credit score, not enough disposable income, or too much debt. You should receive a letter from Bank of America explaining the exact reason for the denial.

If you feel your application deserves a second look, you can call Bank of America to ask for reconsideration. However, you're only likely to succeed if you can prove your credit and/or income are significantly...

No, the Bank of America® Premium Rewards® credit card is not a good first-time credit card because it is only available to people with excellent credit. People who've never owned a credit card are unlikely to get approved unless they've built excellent credit through other means. There are plenty of good first-time credit cards on the market, though.

Best First-Time Credit Cards

You can learn more about the best first-time credit cards on WalletHub.

The easiest way to apply for the Bank of America Premium Rewards credit card is online, and you can get to the online application by going directly to Bank of America's website. Alternatively, you can apply by phone and in person.

Keep in mind that the Bank of America Premium Rewards credit card requires Excellent credit, which means you need a 750+ credit score for high approval odds. Also note that applying for the card triggers a hard inquiry, which may temporarily hurt your credit score. So,...