Is the Bank of America Premium Rewards worth $95/yr?
The honest math on the Bank of America Premium Rewards: which credits you'd actually use, what its points earn beyond a plain 2% card, and what its protections would cost to buy — against the $95 annual fee.
Bank of America · $95 annual fee · cash back
Earning rates
- 2x Travel — flights
- 2x Travel — hotels
- 2x Travel — everything else travel
- 2x Dining
- 1.5x Everything else
Statement credits (2)
- $100 Airline Incidental Credit — Up to $100 per calendar year back on airline incidentals — seat upgrades, checked bags, inflight food, lounge day passes.
- Global Entry / TSA PreCheck Credit — $100 application-fee credit once every 4 years (~$25/yr).
Protections and perks (10)
- Trip Cancellation / Interruption — Up to $2,500 in non-refundable passenger fares if a trip is cancelled or cut short by sickness or other covered reasons.
- Trip Delay Reimbursement — Up to $500 per ticket for reasonable expenses when a covered trip is delayed more than 12 hours.
- Baggage Delay Reimbursement — Up to $100 per day (up to 5 days) for essentials when checked bags are delayed more than 6 hours; secondary to the carrier.
- Lost Luggage Reimbursement — Reimbursement for checked or carry-on bags lost or damaged by a common carrier.
- Emergency Evacuation & Transportation — Covers eligible medical evacuation and transportation if you or an immediate family member is injured or falls ill on a trip far from home.
- Secondary Rental Car Coverage — Secondary collision/theft coverage — pays after your personal auto policy; you must decline the counter waiver.
- Purchase Protection — New purchases covered 90 days against theft or damage, up to $10,000 per claim.
- Extended Warranty — Doubles the manufacturer's warranty by up to one extra year on eligible warranties of 3 years or less.
- Return Protection — Up to $250 per item ($1,000 per year) within 90 days if a store won't take back an eligible return.
- No Foreign Transaction Fees — No surcharge on purchases abroad.
Card data verified against Bank of America on 2026-08-21.
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