View current products and rates. 3 ways to waive it. Press V to activate volume control. Preferred Rewards cardholders earn additional bonuses as high as 25 percent to 75 percent. If you are an existing Bank of America customer with enough money stashed away with the bank to qualify for the Preferred Rewards program, you can earn anywhere from 1.87x to 2.62x on all purchases. We’re here to help. If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. We strive to provide you with information about products and services you might find interesting and useful. They do this by consolidating checking, savings, investments and retirement banking into Bank of America and Merrill accounts, which gives you access to a variety of banking perks. Most Bank of America ® branded consumer credit cards (such as the Cash Rewards, Travel Rewards and Premium Rewards ® credit cards) are eligible to receive the Preferred Rewards bonus, as long as the card account is open with active charging privileges. Each option presents different benefits and limitations with regard to available investment choices and services, fees and expenses, withdrawal rules, required minimum distributions, tax treatment, and protection from creditors and legal judgments. Bank of America Preferred Rewards clients receive 25% to 75% more rewards on purchases with select BofA credit cards. The combined balance is calculated based on your average daily balance for a three calendar month period. There are costs associated with owning ETFs and mutual funds. If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. To enroll in the Preferred Rewards program you must have an active, eligible Bank of America personal checking account and maintain a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill® investment accounts (such as Cash Management Accounts, 529 Plans). © 2020 Bank of America Corporation. If you have a Bank of America cash back or travel rewards card, you have to know about Bank of America Preferred Rewards. This can include a 25% to 75% points and cash back boost on qualified Bank of America … You may also request a check or have your cash rewards deposited into a qualifying Merrill 529 or Cash Management account. Preferred Rewards Platinum tier members enjoy:- No fees on ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies, incoming domestic and international wire transfers, and a small safe deposit box- Overdraft Protection transfer fees waived from your linked savings accounts, secondary checking accounts or from a Home Equity Line of Credit- See the Personal Schedule of Fees for more information. Bank of America, N.A. All rights reserved. Use the Up and Down arrow keys to adjust the volume. Relationship-based ads and online behavioral advertising help us do that. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. Bank of America® Premium Rewards® credit card. You have choices for what to do with your employer sponsored retirement plan. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Rates shown are for illustration only. For example, your annual program fee for your Merrill Guided Investing™ account could go from 0.45% to 0.40%. Banking, mortgage and home equity products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Gold Level Benefits – … There are costs associated with owning ETFs and mutual funds. Credit and collateral are subject to approval. Terms and conditions apply. Preferred Rewards Platinum tier members enjoy:- No fees on ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies, incoming domestic and international wire transfers, and a small safe deposit box- Overdraft Protection transfer fees waived from your linked savings accounts, secondary checking accounts or from a Home Equity Line of Credit- See the Personal Schedule of Fees for more information. There are no fees to join or participate in Preferred Rewards, and once you are enrolled, your tier level will automatically increase as your balances grow. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Bank of America . So if you have good credit, spend moderately and value cash back over points, the Bank of America Cash Rewards card is a solid choice. For example, your annual program fee for your Merrill Guided Investing™ account could go from 0.45% to 0.30%. However, preferred cardholders can boost this earning rate significantly. If the interest rate on a Bank of America Advantage Savings account is 1.00%, a 5% rate booster would increase the interest rate to 1.05%. So if you’re interested in the program, it could be … 'Get more rewards with your everyday banking', Premium Rewards, Merrill, Merrill Edge, Merrill Lynch, the Bull Symbol, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. Bank of America Preferred Rewards offers 3 different tiers based on your combined balances, starting with $20,000 in combined balances for Gold, $50,000 for Platinum, and $100,000 for Platinum Honors. Call us at 888.888.7937 today. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Rates shown are for illustration only. Merrill can help you find what may best fit your needs: rolling it over to an IRA, maintaining it in a 401(k) with a new or former employer or cashing out. Equal Housing Lender new window. Equal Housing Lender new window. $12. Preferred Rewards Gold tier members enjoy:- No fees on ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies and incoming domestic wire transfers- Overdraft Protection transfer fees waived from your linked savings accounts, secondary checking accounts or from a Home Equity Line of Credit- See the Personal Schedule of Fees for more information. $50,000 in total assets qualifies for the Platinum tier, and $100,000 in total assets qualifies for the Platinum Honors tier of Preferred Rewards. Member FDIC. Programs, rates, terms and conditions are subject to change without notice. For example, one benefit is a boost in the money market savings interest rate, which rises to 5 percent for Gold tier, 10 percent for Platinum tier, and 20 percent for Platinum Honors tier. For example, Bank of America® Travel Rewards Credit Card‘s benefits guide includes auto rental collision waivers — even though its application page doesn’t list the benefit. To enroll in the Preferred Rewards program you must have an active, eligible Bank of America personal checking account and maintain a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill ® investment … Merrill Lynch® clients with an active, eligible Bank of America® personal checking account and a three-month combined average daily balance of at least $20,000 can enroll in Preferred Rewards. Programs, rates, terms and conditions are subject to change without notice. If you opt out, though, you may still receive generic advertising. For details on employee qualification requirements, please visit the Employee Financial Services intranet site. When you move to a higher tier, you can earn more, save more and get more back — including extra interest on a Bank of America Advantage Savings account and a bigger rewards bonus on eligible Bank of America® credit cards. If so, you’ll automatically move to the next level of rewards. Bank of America's Preferred Rewards Gold program is available for customers with total balances above $20,000 between their Bank of America … Relationship-based ads and online behavioral advertising help us do that. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. 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