Bank of America Preferred Rewards - Banking Rewards Program

The Bank of America Preferred Rewards program offers real benefits and rewards on your everyday banking and investing. And as your qualifying Bank of America® deposit accounts …

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Best Money Market Fund On Merrill Edge For Bank Of America …

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Nov 20, 2022 · Right now the balance to meet the Preferred Rewards Tier is just in a checking account earning a stupendous 0.04% interest. The goal is to keep it above that threshold (at …

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Bank Of America Preferred Rewards: Unlock Exclusive Perks

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5 days ago · Bank of America reward points are worth $0.01 per point, so the cash equivalent of 1,500 points is $15. As a Preferred Rewards member, you can earn between 25% and 75% …

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FAQs about Bank of America Preferred Rewards - Banking Rewards Program Coupon?

Who is eligible for the bank of America preferred rewards program?

You are eligible for the Bank of America Preferred Rewards® program if you have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers. ...

Is Bank of America preferred rewards worth it?

The only possible downside to the Bank of America Preferred Rewards program is the high minimum balance required to participate in it. This may make it cost-prohibitive for many people who don’t have at least $20,000 to put into Bank of America and Merrill accounts. ...

What are Bank of America preferred rewards tiers?

For example, Gold tier members receive a 25% rewards bonus on eligible Bank of America credit cards. However, if you’re in the Diamond tier, you’ll receive a 75% rewards bonus on those credit cards. The table below shows the five Bank of America Preferred Rewards tiers with their required three-month average combined balances and select benefits. ...

Which bank of America credit card tiers offer rewards bonuses?

All the Bank of America Preferred Rewards program tiers offer reward bonuses on eligible credit cards through the bank. These range from 25% to 75%, depending on your tier. Here’s a list of the Bank of America credit cards that you can use with the program. ...

How do I enroll in the preferred rewards program?

Enrolling in the Preferred Rewards program is easy and free. To qualify, you must have a Bank of America personal checking account and a three-month combined average daily balance of at least $20,000 across your eligible Bank of America deposit accounts and Merrill investment accounts. ...

How does Bank of America reward customers?

The short of it is: Bank of America rewards customers depending on their investment and deposit balances. To consider your balances, it sums up your qualifying Bank of America deposit accounts and/or Merrill Edge and Merrill Lynch investment balances. ...