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Bank of America Premium Rewards Guide

📊4 community entries

小杨生煎

China

Dining

Date

2026-01-29

Giftcard Purchased

No

Purchase Type

📱

App Purchase

Reward Details

Amount

Earning Rate

10 USD2X

Rewards

20 Travel Rewards

Airbnb

USA

Travel

Date

2026-01-20

Giftcard Purchased

No

Purchase Type

📱

App Purchase

Reward Details

Amount

Earning Rate

100 USD3.50X (With Bonus Earning)

Rewards

350 Travel Rewards

Weee

USA

Grocery

Date

2025-11-02

Giftcard Purchased

No

Purchase Type

📱

App Purchase

Reward Details

Amount

Earning Rate

100 USD0.02X

Rewards

1.5 Travel Rewards

American Museum of Natural History

USA

Travel

Date

2025-06-11

Giftcard Purchased

No

Purchase Type

🌐

Online Purchase

https://www.amnh.org/

Reward Details

Amount

Earning Rate

100 USD3.50X (With Bonus Earning)

Rewards

350 Travel Rewards

Quick Rewards Guide for Bank of America Premium Rewards

💡 Primary Spending Category: The community most frequently reports using the Bank of America Premium Rewards for "Travel" transactions as well as for "Dining & Grocery".

🚀 Top Earning Rate: Verified community purchases show this card earning up to 3.50X points on high-reward category transactions.

🛒 Verified Merchants: Swipe Smart users have successfully logged card data points at popular stores including 小杨生煎, Airbnb, Weee, American Museum of Natural History. Checking merchant coding prior to shopping ensures you trigger top tier category multipliers.

Frequently Asked Questions

Q:What are the best categories to use the Premium Rewards for?

Based on verified community transactions, the Bank of America Premium Rewards yields the best return when used for "Travel" transactions, followed closely by "Dining, Grocery".

Q:How do I ensure I get maximum points or cash back with this card?

Credit card rewards depend on the store’s Merchant Category Code (MCC). Always check Swipe Smart before purchase to verify how the retailer is registered (e.g. as groceries, dining, or travel) to ensure the transaction triggers the card’s multiplier categories.

Q:Does payment method (like Apple Pay or PayPal) affect the coding?

Yes. Paying through digital wallets like Apple Pay usually preserves the merchant's original category code. However, payment processors like PayPal or third-party delivery apps (e.g., Instacart, UberEats) may alter the merchant category code, sometimes overriding your card's standard multipliers.