Your guide to the Bank of America Premium Rewards card airline fee credit
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Editor’s note: This is a recurring post, regularly updated with new information.
The Bank of America® Premium Rewards® Visa® credit card continues to fly under the radar, despite having the potential to offer the highest base cash-back rate of any rewards credit card. If you hold $100,000 or more in assets with Bank of America and/or Merrill, you qualify for Platinum Honors in Bank of America’s Preferred Rewards program. This gives you a 75% bonus on all rewards, equating to a minimum of 2.625x points on all purchases and 3.5x points on all dining and travel purchases. The card is currently offering 50,000 points after you spend $3,000 on the card in the first 90 days of account opening, and it carries a $95 annual fee.
How the Bank of America airline fee credit works
Bank of America’s airline fee credit (up to $100 statement credit each calendar year) works a little differently from the credit you get with Amex cards such as the American Express® Gold Card and The Platinum Card® from Amerian Express. Rather than have to designate an airline at the beginning of the year, Bank of America allows you to earn the credit across any eligible airline throughout the year.
For example, you could use your Bank of America airline fee credit for checked bags on Delta one month and then inflight drinks on American the next. This gives you more flexibility to use your credit where you need it, rather than forcing you to guess which single airline you’ll be able to use it on.
It can potentially take anywhere from two to three weeks for your credit to post to your card account. While there are plenty of instances where we’ve seen that take less, don’t be alarmed if it does take the full time frame.
Another feature that Bank of America offers is the ability to check how much of your $100 airline credit you have used.
Which airlines qualify for the credit?
Bank of America does not have an official list published that outlines which airlines qualify for the incidental fee credit, though the terms and conditions do specify that only select U.S. carriers qualify. According to some readers and these FlyerTalk data points, Spirit and Sun Country are excluded. The following airlines are known to work:
- Jet Blue
That list is very similar to Amex’s list of qualifying airlines (with the exception of Spirit Airlines, which the Amex fee does cover).
What purchases trigger the credit?
According to the Premium Rewards Card terms and conditions, the following purchases will trigger your Bank of America airline fee credit:
- Preferred seating upgrades
- Ticket change/cancellation fees
- Checked baggage fees
- Inflight entertainment
- Onboard food and drink charges
- Airport lounge fees affiliated with eligible airline carriers
The purchases have to be paid in full with your Bank of America Premium Rewards card, and they must be made on a flight originating from a domestic airport on a qualifying U.S. airline carrier.
The terms and conditions do explicitly state that the following purchases will not qualify for the credit:
- Airline tickets
- Mileage point purchases
- Mileage point transfer fees
- Gift cards
- Duty-free purchases
- Award tickets and fees incurred with airline alliance partners
Also keep in mind that inflight Wi-Fi access processed through a third party like Gogo likely will not qualify.
Of course, there are sometimes exceptions to this rule. There have been data points presented by readers and in other online forums where charges outside the official list have counted. Occasionally award booking taxes, first-class upgrades and other fees will end up coding as an eligible purchase for the credit. However, we don’t suggest counting on credit for fees that the credit isn’t intended to cover — it’s hit-or-miss at best and easier to just use the perk as intended. In the past, you could get away with buying gift cards on certain airlines with the credit, but issuers have cracked down recently to close that loophole.
Airlines can change the merchant category code of a certain transaction, Bank of America could update what merchant codes and charges count, and airlines can change whether or not something is processed by a third party. This means what counts toward the credit will be a living list year by year based on what’s currently working.
If you’ve charged what you believe to be a qualifying airline fee and it’s not automatically reimbursed, you can call Bank of America and ask for the credit.
If you hold the Premium Rewards credit card, we’d love you to share your own experiences in the comments below so we can keep the list up to date.
Additional reporting by Richard Kerr.
This card from Bank of America gets really interesting if you have a BofA checking, savings or investment account. Depending on the value of your combined accounts you can potentially get as much as 3.5x points on travel/dining and 2.625x points on other purchases making it the richest consumer banking bonus out there.
- Receive 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening
- Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
- If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase
- No limit to the points you can earn and your points don't expire
- Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill accounts, or gift cards or purchases at the Bank of America Travel Center
- Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
- No Foreign Transaction Fees
- Low $95 annual fee