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Pros

  • Includes annual airline incidental statement credit and TSA PreCheck®/Global Entry statement credit
  • Valuable sign-up bonus offer
  • No cap on amount of rewards you can earn

Cons

  • Annual fee
  • Cannot transfer points to travel partners
  • Other, similar cards offer higher rewards rates
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Bank of America® Premium Rewards® credit card

This card offers the most benefits for people who are already Bank of America Preferred Rewards members or have a Merrill investment account so they can tap into the 25%-75% more points on all purchases. But even if you're not one of those people, it's still a good option as a first travel credit card. You get the standard benefits often seen on travel cards, like no foreign transaction fees and lost luggage reimbursement, but you also get some premium perks like the up to $100 credit for the Global Entry or TSA Precheck application fee.

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Statement Credits

  • $100

    Airline Incidental Credits

    Get up to $100 in Airline Incidental Statement Credits annually.

  • $100

    TSA PreCheck® or Global Entry Credit

    Get up to $100 in TSA PreCheck®/Global Entry statement credits every four years.