NEW YORK—2021 has been a big year for new and revamped premium rewards cards, from launches of all-new products from established players, such as the Capital One Venture X Rewards Credit Card, to a full refresh of The Platinum Card from American Express with the addition of several novel benefits, and more offerings are coming.
Now, with 2022 nearly here, another issuer is joining that group with its latest product: The Bank of America Premium Rewards Elite credit card.
With an annual fee of $550, the card is targeted at Bank of America’s high- and ultra-high-net-worth clients. But it’s not exclusive to that customer base, and consumers do not need to have a relationship with the bank to apply, The Points Guy explained.
“At first glance, the new card seems like a souped-up version of the longstanding Bank of America Premium Rewards credit card. For some, however, the new card might be worthwhile to consider instead,” The Points Guy said.