Since this is an elite credit card with premium rewards, Bank of America is very particular about its qualification requirements. First, you need to have an excellent credit score and a high annual income. However, other criteria are evaluated in order to apply your request. You need a low debt to income ratio, a low number of open accounts and the ability to pay at least the minimum amount of your balance every month.

There is no predetermined credit limit with the Bank of America Premium Rewards® Elite Credit Card. Since this is a high-end credit card, all applicants must have a high income and a satisfactory credit score. Your credit limit will be determined according to your current financial profile.

No, the Bank of America Premium Rewards® Elite Credit Card does not have any transfer partners. That means that every point you earn while using your card is only redeemable within the Bank of America rewards programs. You cannot transfer your points to any airline loyalty program at this time.