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Bank of America launching new travel rewards credit card to crush competition

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News video: Bank of America launching new travel rewards credit card to crush competition

According to the Wall Street Journal, Bank of America's new Premium Rewards card will launch in September.

They're hoping to snag the attention of "young, affluent credit cardholders," that may have flocked to JPMorgan Chase after it unveiled its popular Sapphire Reserve card, last August.

The perks of Bank of America's new Premium Rewards card include a $100 travel credit, lower annual fees, bonuses and a minimum-spending threshold..

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Transcript: Bank of America launching new travel rewards credit card to crush competition

SEPT. 13, 2014, FILE PHOTO JUNE 15, 2017, PHOTO THURSDAY, APRIL 13, 2017, FILE PHOTO Available for all permitted uses under our |License Terms|. , Model released MONDAY, JULY 18, 2016, FILE PHOTO MARCH 5, 2012, FILE PHOTO AP PROVIDES ACCESS TO THIS THIRD PARTY PHOTO SOLELY TO ILLUSTRATE NEWS REPORTING OR COMMENTARY ON FACTS DEPICTED IN IMAGE; MUST BE USED WITHIN 14 DAYS FROM TRANSMISSION; NO ARCHIVING; NO LICENSING; MANDATORY CREDIT




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