BoA Premium Rewards Elite $150 Lifestyle Credit: How It Works and When It Resets (2026)
Quick answer: The BoA Premium Rewards Elite $150 Lifestyle Credit is worth up to $150 a year. It resets once a year; whether the issuer counts the calendar year or your cardmember year is set by the current terms. No enrollment is required; eligible purchases are credited automatically.
At a glance
| Card | BoA Premium Rewards Elite · Bank of America · annual fee $550 |
| Value per year | $150 |
| Cycle | Annual |
| Resets | Once a year, per current terms |
| Enrollment | Not required |
| Type | Accumulates up to the cap |
The terms, as catalogued
Up to $150 annual statement credit for streaming services, food delivery, fitness subscriptions, and ride-hailing services
How not to lose it
Add the BoA Premium Rewards Elite to MaxWorth and this credit appears with its annual cycle already set; you get a push before it expires, tap it when you use it, and the card's annual-fee ROI updates. No bank account is ever connected.
Frequently asked questions
When does the $150 Lifestyle Credit reset?
It resets once a year; whether the issuer counts the calendar year or your cardmember year is set by the current terms.
Do I need to enroll?
No enrollment is required; eligible purchases are credited automatically.
Does unused credit roll over?
No. Like every annual credit, any unused amount expires when the cycle ends.
Other credits on the BoA Premium Rewards Elite
- Airline Incidental Credit · $300/yr · Annual
- Global Entry/TSA PreCheck Credit · $30/yr · Every 4 years
Source: the issuer's published terms, entered and verified by hand in the MaxWorth database; methodology. Spotted an outdated term? Tell us through the app.