![]() If you do, you can then enroll in the program free of charge. You can log on to your Bank of America account to see if you meet these qualification requirements. ![]() To become a Preferred Rewards client, you must have an eligible Bank of America checking account and hold a three-month combined average daily balance of $20,000 or more in qualifying Bank of America deposit accounts and/or Merrill investment accounts. How Do I Join Bank of America Preferred Rewards? Bank of America co-branded cards include cards offered in partnership with airlines and other brands such as the Alaska Airlines Visa® credit card and Virgin Atlantic World Elite Mastercard® *.īusiness credit cards are not eligible for the personal Preferred Rewards program, although Bank of America does have a Business Preferred Rewards program with similar rewards for business customers holding assets with Bank of America and Merrill. ![]() These cards include the Bank of America® Unlimited Cash Rewards credit card, Bank of America® Customized Cash Rewards credit card, Bank of America® Travel Rewards credit card, Bank of America® Premium Rewards® credit card and more.Ĭredit cards that do not earn rewards and co-branded credit cards, with the exception of the Norwegian Cruise Line World Mastercard, are not part of the Preferred Rewards program. Many Bank of America consumer credit cards are part of the Preferred Rewards program and are eligible to receive tier-based rewards bonuses. What Cards Are Part of the Preferred Rewards Program? For many the most appealing feature of Preferred Rewards is the ability to pump up their credit card rewards. The program rewards eligible customers with benefits including increased interest rates on deposit accounts, credit card rewards multipliers and reduced fees across several Bank of America and Merrill services. To qualify for the program, customers must keep more than $20,000 in combined deposits in Bank of America deposit accounts and/or Merrill investment accounts. What Is Bank of America Preferred Rewards?īank of America Preferred Rewards is a rewards program meant to encourage Bank of America and Merrill investment customers to increase the assets they hold at Bank of America and with Merrill. These are provided as guidelines only and approval is not guaranteed. This is just one scoring method and a credit card issuer may use another method when considering your application. You can take advantage of this offer when you apply now.Ĭredit Score ranges are based on FICO® credit scoring. This online only offer may not be available if you leave this page or if you visit a Bank of America financial center.Contactless Cards – The security of a chip card, with the convenience of a tap.After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. ![]() After the Intro APR offer ends, a Variable APR that’s currently 18.24% – 28.24% will apply. 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days.No annual fee and cash rewards don’t expire as long as your account remains open.That means you could earn 3.75%-5.25% cash back on purchases in your choice category. If you’re a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase.Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishing purchases.Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
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