Premium Rewards Credit Card

Our Most Premium Rewards Card

Earn 2 points per $1 on travel and dining. Earn 1.5 points on everything else. Enjoy a $100 annual airline incidental fee credit, up to a $100 Global Entry or TSA PreCheck credit, and 60,000 bonus points on qualifying new accounts — all with no foreign transaction fees.

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Points per $1 on travel & dining

1.5x

Points per $1 on all other purchases

60,000

Bonus points after $4K spend in 90 days

$95

Annual fee — worth it at moderate spending

Premium Card Benefits

Six Premium Benefits That Justify the $95 Annual Fee

The Premium Rewards card is Federal Crown Bank's flagship consumer rewards card. It's designed for cardholders who spend meaningfully on travel and dining and want benefits that actively offset the annual fee — often surpassing it in the first few months.

Highest Points Rate on Travel & Dining

Earn 2 points per dollar on all travel and dining purchases — airlines, hotels, cruise lines, car rentals, Uber, Lyft, restaurants, fast food, bars, and food delivery. Earn 1.5 points per dollar on every other purchase. No caps, no expiration, and no category enrollment required.

$100 Annual Airline Incidental Fee Credit

Receive up to $100 per calendar year as a statement credit for qualifying airline incidental fees — checked bag fees, in-flight food and beverage, seat upgrades, lounge day passes, and change fees. Select your preferred airline once per year in your Online Banking account. Credit posts within 1–2 billing cycles of the qualifying charge.

$100 Global Entry or TSA PreCheck Credit

Receive a statement credit of up to $100 every four years for Global Entry application fees, or up to $85 for TSA PreCheck. Global Entry ($100 / 5-year) provides expedited U.S. customs for international travelers and includes TSA PreCheck. Charge the fee to your Premium Rewards card and receive the credit automatically. Valid for the primary cardholder only.

No Foreign Transaction Fees

Use your Premium Rewards card worldwide with zero foreign transaction fees. Whether booking directly with an international airline, paying at a hotel abroad, or shopping on a foreign website, every transaction is free of currency conversion surcharges. Your 2x travel rate applies to international travel spending too.

Preferred Rewards Tier Multiplier

Preferred Rewards members earn a bonus on top of the already-premium base rates. Gold (25% bonus): 2.5 pts on travel/dining, 1.875 pts on everything else. Platinum (50%): 3 pts on travel/dining, 2.25 pts on all else. Platinum Honors (75%): 3.5 pts on travel/dining, 2.625 pts on all else — among the highest flat rates on the market.

24/7 Dedicated Concierge Service

As a Premium Rewards cardholder, you have access to a dedicated Visa Signature concierge service around the clock. Use it to research restaurants, secure hard-to-get reservations, source event tickets, arrange travel itineraries, send gifts, or handle complex travel logistics. A genuinely useful service for busy cardholders.

Perks in Detail

Understanding Your $100 Credits and Travel Protections

The Premium Rewards card's built-in credits and protections are among the richest of any no-transfer-partner card at the $95 price point. Here's exactly how each works.

Airline Incidental Fee Credit — $100/Year

Select your preferred airline once per calendar year through Online Banking. The $100 credit applies automatically when your selected airline charges these qualifying incidental fees to your card:

Checked and overweight bag fees
In-flight food, beverage, and entertainment
Seat upgrade fees (non-ticket, non-award)
Lounge day passes and guest fees
Change and rebooking fees
Pet carry-on fees

Note: The credit does not apply to airline ticket purchases, award booking fees, or companion tickets. You may change your selected airline once annually in January.

Global Entry / TSA PreCheck Credit — Up to $100

Charge your Global Entry ($100) or TSA PreCheck ($85) application fee to your Premium Rewards card, and receive an automatic statement credit within 1–2 billing cycles. Key eligibility details:

Global Entry membership is valid for 5 years
Global Entry includes TSA PreCheck automatically
TSA PreCheck alone is valid for 4.5 years
Credit valid for primary cardholder only (not authorized users)
Credit available once every 4 years per card account
Applies only to CBP Trusted Traveler Programs enrollment fees

Pro Tip: Global Entry ($100) is the better value — it includes TSA PreCheck and expedites customs when returning from international trips.

Comprehensive Travel Protections

When you use your Premium Rewards card to pay for travel, you're covered by a suite of protections that would otherwise cost you extra:

Trip Cancellation/Interruption: Up to $2,500 per trip
Travel Accident Insurance: Up to $1,000,000 coverage
Auto Rental CDW: Primary or secondary coverage
Lost/Delayed Luggage: Up to $3,000 per person
Emergency Evacuation: Available through assistance line
24/7 Travel Emergency Assistance: Worldwide

Purchase Protections

The Premium Rewards card includes Visa Signature purchase protections that safeguard eligible purchases made with the card:

Purchase Protection: Up to $10,000 per claim / $50,000 per year for theft or accidental damage within 120 days of purchase
Extended Warranty: Doubles manufacturer's warranty up to 1 additional year on eligible warranties of 3 years or less
Return Protection: Up to $300 per item / $1,000 per year if merchant won't accept return within 90 days
$0 Fraud Liability: No responsibility for unauthorized charges ever

Points Value

How Premium Rewards Points Stack Up

All Federal Crown Bank points are worth 1 cent per point across travel, cash back, and statement credit redemptions. The Premium Rewards card earns more points per dollar on travel and dining — meaning more value per swipe.

Purchase Category	Premium Rewards	Travel Rewards	Cash Rewards (Best Category)	Effective Value/Dollar
Travel (flights, hotels, car rental)	2 pts ($0.02)	1.5 pts ($0.015)	3% ($0.03)*	$0.02 — $0.035 w/ PR
Dining (restaurants, delivery)	2 pts ($0.02)	1.5 pts ($0.015)	3% ($0.03)*	$0.02 — $0.035 w/ PR
Grocery & Wholesale	1.5 pts ($0.015)	1.5 pts ($0.015)	2% ($0.02)	$0.015 — $0.026 w/ PR
Gas & EV Charging	1.5 pts ($0.015)	1.5 pts ($0.015)	3% ($0.03)*	$0.015 — $0.026 w/ PR
All Other Purchases	1.5 pts ($0.015)	1.5 pts ($0.015)	1% ($0.01)	$0.015 — $0.026 w/ PR

*Cash Rewards 3% applies to the chosen category only, subject to $2,500/quarter combined cap with grocery purchases. Premium Rewards earning has no category cap. "w/ PR" = with Preferred Rewards Platinum Honors (75% bonus). All values assume 1 cent per point redemption.

Is It Worth the $95 Annual Fee?

Break-Even Analysis: When the Premium Rewards Card Pays For Itself

The $95 annual fee sounds like a cost — but with the $100 airline credit alone, the card essentially pays you $5 net in year one. Beyond the credits, here's how your spending habits determine whether this card beats a no-fee alternative.

Annual Credits Offset the Fee

$100 airline incidental fee credit	$100
$100 Global Entry/TSA PreCheck credit (amortized over 4 yrs)	$25
60,000 bonus points (amortized over 2 years)	$300
Annual fee cost	–$95
Net value in year 1 (with bonus)	+$330
Net value in ongoing years	+$30

Spending Break-Even vs. Travel Rewards (No Fee)

The Premium Rewards card earns 0.5 more points per dollar on travel and dining versus the Travel Rewards card (2x vs. 1.5x). To offset the $95 fee with just travel/dining spending (at 1¢/pt), you'd need:

$19,000

in annual travel & dining spend to break even on the fee alone

However, the $100 airline credit reduces the effective fee to just $5 — meaning the break-even on spending drops to just $1,000 in annual travel/dining spend. At that point, the Premium Rewards card is ahead by ~$5 in pure earnings, plus you get all the premium benefits and protections.

Most travel/dining cardholders exceed break-even within the first quarter.

Card Terms & Fees

Full Rate and Fee Disclosure

Variable APRs are based on the U.S. Prime Rate and adjust when the Prime Rate changes. Your specific rate is set at account opening based on your creditworthiness.

Annual Fee	$95 (not waived in first year)
Purchase APR	21.24% – 29.24% Variable
Intro APR — Purchases	None
Balance Transfer APR	21.24% – 29.24% Variable
Balance Transfer Fee	3% of each transaction, $10 minimum
Cash Advance APR	29.49% Variable
Cash Advance Fee	5% of each transaction, $10 minimum
Foreign Transaction Fee	$0 — No foreign transaction fees
Late Payment Fee	Up to $40
Returned Payment Fee	Up to $29
Penalty APR	Up to 29.99% Variable
Minimum Interest Charge	$1.50
Grace Period	At least 25 days when you pay full balance monthly
Airline Credit Refresh	$100 per calendar year; select airline once/year
Global Entry/TSA Credit	Up to $100 every 4 years; primary cardholder only
Points Expiration	Points do not expire while account is open
Minimum Redemption	2,500 points ($25 equivalent)
Recommended Credit Score	Very Good to Excellent (720–850 FICO)

Frequently Asked Questions

Premium Rewards Card — Common Questions

How do I earn the 60,000 bonus points, and what are they worth?

To earn the 60,000 online bonus points, you must make at least $4,000 in purchases within the first 90 days of opening your account. The bonus posts within 1–2 billing cycles after meeting the spend requirement. At 1 cent per point, 60,000 points equal $600 in travel redemptions, cash back, or statement credits. That's among the most valuable sign-up bonuses available on a card at this annual fee tier. The $4,000 spend requirement averages roughly $1,333 per month for three months — achievable for most household budgets when including regular expenses.

Which airline should I select for the $100 incidental fee credit?

You should select the airline you fly most frequently, since the credit only applies to incidental charges (bag fees, seat upgrades, in-flight purchases) at your selected airline — not to ticket purchases. You may change your selected airline once per calendar year in January. If you frequently check bags, even one round-trip with checked luggage ($30–$40 per bag each way) can exhaust most of the $100 credit. If you primarily fly one carrier, select that airline. If you're a frequent traveler across multiple carriers, select the one where you are most likely to pay incidental fees.

Can authorized users also receive the Global Entry credit?

No. The Global Entry and TSA PreCheck statement credit is available only for the primary cardholder's application fee. Authorized users on the account are not eligible for a separate credit. The credit is issued once every four years per account, not per cardholder. If you have multiple family members who need Global Entry, only the primary cardholder's application fee will be reimbursed. Some cardholders time the credit to coincide with their renewal if they're an existing Global Entry member approaching expiration.

How does the Preferred Rewards bonus interact with the Premium Rewards earning rates?

The Preferred Rewards bonus is a percentage multiplier applied to your base earning rate. For example, if you're a Platinum Honors member (75% bonus), your 2 points per dollar on travel becomes 2 × 1.75 = 3.5 points per dollar. Your 1.5 points on everything else becomes 1.5 × 1.75 = 2.625 points per dollar. At Platinum level (50%), your rates become 3 pts and 2.25 pts respectively. These are among the highest flat earning rates available on any credit card, with or without an annual fee — particularly notable given the Premium Rewards card's already-competitive base rates.

Is the Premium Rewards card a Visa or Mastercard, and does that matter?

The Federal Crown Bank Premium Rewards credit card is a Visa Signature card. This matters because Visa Signature cards include a specific set of built-in benefits administered by Visa — including the travel protections (trip cancellation, lost luggage, travel accident insurance, auto rental CDW), concierge service, and purchase protections described on this page. Visa is accepted at virtually every merchant worldwide that accepts credit cards, making it an ideal card for international and domestic travel alike. The Visa Signature tier also typically comes with higher credit limits than standard Visa cards.

Earn 60,000 Bonus Points — Worth $600 in Travel

Plus $100 airline credit, Global Entry coverage, 2x on travel and dining. Apply now and see why Premium Rewards is our most popular card.

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Credit approval required. $95 annual fee applies. Offer terms subject to change. Checking pre-qualification does not affect your credit score.