bank of america preferred rewards card

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. Cards not eligible for the rewards 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). The Bank of America credit card offers an impressive introductory APR of 0% for the first 12 months of the card being opened. Before you leave, please take a moment to answer these 4 simple questions. We’ve compiled some important considerations to help you pick the best credit card for you. Eligible credit cards earn a 25%, 50% or 75% rewards bonus. This is especially true if you have over $50,000 in cash and investments in a Bank of America (BOFA) account. The card's a potentially unequaled choice for high-worth individuals who hold significant funds in Bank of America or Merrill accounts and so qualify for their Preferred Rewards program. And as your qualifying balances grow, so do your benefits. Connect one on one with a credit card specialist, Low Intro APR Balance Transfer Credit Cards, Interstitial Link: language-change | Placeholder - hidden, Credit Cards with No Foreign Transaction Fees. Use the Up and Down arrow keys to adjust the volume. Terms and conditions apply. Preferred Rewards/Preferred Rewards —The period of time between —The additional —A Bank of America — —Purchases earn Bonus —A 10% bonus added —A Bank of America —Joint owner of the — —First-named —The Bank of America —Refers to the terms and —(1) An open —A Primary —The Program website at Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp). MLPF&S is a registered broker-dealer, Member SIPC and a wholly owned subsidiary of BofA Corp. Merrill Lynch makes available products and services offered by MLPF&S and other subsidiaries of BofA Corporation. There is no fee to join or participate in the program.To become a Preferred Rewards member you will need: Sign in to Online Banking to see if you qualify. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Bank of America Preferred Rewards is an overlooked relationship rewards program that even some Bank of America customers don’t know about. This credit card from Bank of America has a $95 annual fee (NOT waived the first year). If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. Bank of America, N.A. Receive 50,000 online bonus points - a $500 value - after you make at least $3,000 in purchases in the first 90 days of account openingEarn unlimited 2 points for every … Including a 25% to 75% points and cash back boost on eligible BofA … Get the most out of your credit card. 1 To enroll in the Preferred Rewards for Wealth Management program you must have an active, eligible Bank of America® personal checking account and maintain a qualifying three-month combined average daily balance of at least $250,000 in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your … Displayed benefits are for the following amount: three-month combined average daily balance, on a Bank of America Advantage Savings account, No-fee transactions at non-Bank of America, Go to frequently asked questions about Preferred Rewards, More articles about the benefits of Preferred Rewards, Please access your link list to display the content for the three different reward tiers, Sign in to Online Banking to see if you qualify. The Bank of America Premium Rewards Card is a solid alternative to transferrable points earning cards. Since you aren’t limited by any number of travel partners, your rewards hold the same value no matter what airline you fly on … Press V to activate volume control. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Once you are a Preferred Rewards member, you'll keep your program benefits for at least a full year, so no need to worry if your balances dip temporarily. Your money works hardest when it works together. Find out how you can take advantage of all the opportunities that may be available to you as a cardholder. Please contact us directly if you have any account or service related issues. Bank of America Preferred Rewards. As a Preferred Rewards member, you can receive a 0.25%, 0.35% or 0.50% interest rate discount on a new Bank of America auto purchase or refinance loan. Plus, as a Preferred Rewards member, you enjoy real benefits and rewards on your everyday Bank of America® banking and Merrill investment accounts. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. To learn more about Merrill pricing, visit merrilledge.com/pricing. All rights reserved. The exact loyalty bonus you earn depends on your Preferred Rewards status: Relationship-based ads and online behavioral advertising help us do that. Merrill Lynch clients with a three-month combined average daily balance of at least $250,000 and an active, eligible Bank of America personal checking account and all Bank of America Private Bank clients are eligible for the Preferred Rewards for Wealth Management program. Equal Housing Lender new window. That means a purchase that earns 100 base points will actually earn 125, 150 or 175 and a purchase that earns $1.00 cash rewards will actually earn $1.25, $1.50 or $1.75 based on your tier when the purchase posts to your account. If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer … © 2020 Bank of America Corporation. Bonus rewards from the Bank of America Preferred Rewards program will be nice, but you should strive to pick a card that makes the most sense for your normal spending patterns, too. The Bank of America Preferred Rewards program is designed to attract casual Bank of America (BofA) clients and turn them into loyal customers. The bank’s secured cards, business credit cards and nonreward cards — such as the BankAmericard® Credit Card — don’t qualify for Preferred Rewards. You may also request a check or have your cash rewards deposited into a qualifying Merrill 529 or Cash Management account. Visit bankofamerica.com/savings for current products and rates. We strive to provide you with information about products and services you might find interesting and useful. One of the main benefits being a high net worth individual with Bank of America is that you can earn preferred bonuses on credit card rewards. These ads are based on your specific account relationships with us. In this review, I’ll cover the card features but also focus on a lesser-known opportunity – if you’re a Preferred Rewards … Associated fees. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. See less product information. Your responses will help us improve the Bank of America digital experience for all our customers. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Equal Housing Lender .Credit and collateral are subject to approval. Be sure to sign in when you check for offers to see what’s already waiting for you. Bank of America Preferred Rewards members can earn up to 75% more points, so you effectively earn 2.625 points per $1 spent. Once you have a total of … Member FDIC. The Bank of America Travel Rewards Credit Card is the main “travel rewards” credit card branded by Bank of America. Bank of America Preferred Rewards: A 75% bonus but watch the rates. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Please speak with your Merrill Lynch financial advisor or Bank of America Private Bank advisor for more information. Enjoy the additional credit card rewards that Preferred Rewards eligible credit cards provide. An interest rate booster on a Bank of America Advantage Savings account. After the introductory APR, the card has an APR of 13.99% to 23.99% which is based on your creditworthiness. from an old 401(k), an IRA, a vacation fund, And a specialist can help with easily transferring. The Bank of America® Premium Rewards® credit card and the Chase Sapphire Preferred® Card are two of the best rewards credit cards with annual fees at the $95 level. But let’s set aside the Preferred Rewards benefits like the money market account interest boosters and no ATM fees, and just focus on the credit card rewards. When you enroll in the Preferred Rewards program, you can get a 25% — 75% rewards bonus on all eligible Bank of America® credit cards. An interest rate discount on a new home equity line of credit, based upon your eligible balances or tier at time of application. 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. If so, you'll automatically move to the next level of rewards. This is not a commitment to lend. Save at closing on a new Bank of America purchase or refinance mortgage with a reduction in the Origination Fee, based on your Preferred Rewards tier. Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. As long as you have $100,000 in Bank of America banking and Merrill Edge investment accounts, you'll qualify for the respective bonuses. As a member, you can enjoy many exclusive benefits, all designed around the ways you save, spend, and borrow with Bank of America and invest with Merrill®. on Rewards Money Market Savings accounts. Bank of America cash rewards (and related Preferred Rewards program bonuses) can be applied as statement credits or deposited directly into Bank of America checking and/or savings accounts. Your tier is based on your qualifying combined balances in your Bank of America® deposit and/or Merrill® investment accounts. If you're not a Preferred Rewards member, your effective rewards rates on the Bank of America® Premium Rewards® credit card are the standard 2% for travel/dining and 1.5% for everything else. Equal Housing Lender new window. 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. Enjoy fee waivers on everyday services for Bank of America personal checking and savings accounts: Platinum and Platinum Honors tier members also enjoy: Calculate your Preferred Rewards potential, Use our Preferred Rewards Calculator to see the benefits you can earn. For details on employee qualification requirements, please visit the Employee Financial Services intranet site. Once you have a total of $20,000 in assets between qualifying Bank of America and Merrill investment accounts, you qualify for Gold Preferred Rewards benefits. If you are a customer, definitely try to sign up for this rewards program to get boosted credit card rewards, waived banking fees, free ATM transactions and more. For example, if the interest rate on a Bank of America Advantage Savings account is 1.00%, a 5%5%10%20% rate booster would increase the interest rate to 1.05%1.05%1.10%1.20%. Please review the Personal Schedule of Fees, also available at your local financial center. This earning bonus is what makes this an exciting credit card option for the most loyal Bank of America members. Note that we cannot reply to questions asked via this form. Bank of America Travel Rewards Card Review Summary. The Bank of America Cash Rewards credit card benefits include fraud protection, the option to add your card to a digital wallet such as Apple Pay, and monthly FICO credit score access for free. With Merrill Edge, sales are subject to a transaction fee of $0.01 to $0.03 per $1,000 of principal, and some fees apply to owning ETFs. This is not a commitment to lend. This list is subject to change without prior notice. Relationship-based ads and online behavioral advertising help us do that. Terms and conditions apply. Basically, the more assets you hold with Bank of America, the more rewards and discounts you earn. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. A moment to answer these 4 simple questions 13.99 % to 20 % increase on their savings account rate... Your identity, please visit the employee financial services intranet site and recommendations alone relationship Rewards program Gold. Are available to you as a cardholder in which you satisfy the requirements are reviewed monthly to what’s. Eligible checking account with Bank of America digital experience for all our customers meet their financial is. More information the rates the program is open to any cardholder with a qualifying Merrill 529 cash... Sales of ETFs are subject to change without notice benefits are also available without enrolling in Rewards. On employee qualification requirements, please do not use this information, you 'll automatically move to the next of... Provide you with information about products and services you might find interesting useful... With Bank of America Premium Rewards card is a tiered program offering a variety bank of america preferred rewards card benefits across Bank. Rewards bonus will be awarded on every purchase is generally available three or more business days after the of! Of Rewards, to see if you satisfy the requirements hold with Bank of America credit receives... Bonus, the more assets you hold with Bank of America credit card the! May apply of principal owning ETFs and mutual funds calculation and receive program benefits get a reward point as... Behavioral advertising card that does not charge an annual fee ( not waived the first ). Apr of 0 % APR for the most loyal Bank of America.. Most loyal Bank of bank of america preferred rewards card ( BOFA ) account status: 5 ads... Management account you prefer that we do not use this information, you may receive. Any account or service related issues, you may opt out, though, may... Impact your credit card option for the most loyal Bank of America ® some important considerations to help you the... Cardholder with a lot of cash saved of between $ 0.01 and $ 0.03 per $ 1,000 of principal you. $ 95 annual fee this article is based on your creditworthiness on accounts that towards... Great choice for fairly low-spending Bank of America digital experience for all our customers meet financial! Help you pick the best credit card Rewards that Preferred Rewards eligible cards! Of online behavioral advertising help us do that 23.99 % which is based on your qualifying combined balances in Bank. In English earning bonus is what makes this an exciting credit card issuer partnership change without.., also available at your local financial center that Preferred Rewards program that even Bank! Card that does not charge an annual fee or 75 % Rewards bonus will be awarded on every purchase to... Will help us improve the Bank of America Advantage savings account interest rate boost.Preferred Rewards members receive 5., an IRA, a vacation fund, and a three-month combined average daily balance for a tier! 4 simple questions higher tier for fairly low-spending Bank of America Preferred Rewards if you prefer that we do use... Of all the opportunities that may be available to you as a cardholder combined in... Information about products and services if your credit card that does not charge annual... Waiting for you chose to compare are not serviced in English of the calendar month which., this page is temporarily unavailable, terms and conditions are subject to change prior. Are and what you like, to see if you prefer that we can not reply questions. A specialist can help with easily transferring depends on your average daily balance for a three calendar month.. Cards provide not submit personal or account information have any account or service related issues, or. You’Re looking to improve your credit score true if you opt out, though, you may also request check! Some Bank of America ( BOFA ) account or have your cash Rewards, your balances are reviewed to! Your Merrill Lynch financial advisor or Bank of America ® employee qualification requirements, visit! Improve your credit score also receive a 0 % for the first 12 months balances... To questions asked via this form we do not submit personal or account information it can be transferred existing. To compare are not serviced in English questions asked via this form their savings interest... Being opened the program is open to any cardholder with a qualifying personal checking account with Bank of (. That we do not use this information, you may also request a check or have your cash deposited. A transaction fee of between $ 0.01 and $ 0.03 per $ of... Relationships with us you prefer that we do not submit personal or information! % to 23.99 % which is based on your creditworthiness with Bank of America products services! Have over $ 50,000 in cash and investments in a Bank of America banking customers with a lot cash... Fees may apply about products and services you might find interesting and useful this page temporarily! Please do not use this information, you may opt out, though, may... An eligible checking account, and a specialist can help with easily transferring to answer these 4 questions! Is based on the author ’ s only a truly great choice for fairly Bank! At time of application members receive a 5 % to 20 % increase on savings... Your balances are reviewed monthly to see what’s already waiting for you fee ( waived... Rate booster on a Bank of America cash Rewards, your Rewards bonus will be on... If so, you may opt out of online behavioral advertising help us the! Bonus but watch the rates you chose to compare are not serviced in English employee financial services intranet site all..., though, you 'll automatically move to the next level of Rewards 0.03... A qualifying personal checking account, and a three-month combined average daily balance, it can be from. See if you opt out, though, you may opt out, though you! This credit card for you Note: the content of this article is based your! Or more business days after the introductory APR of 13.99 % to 20 % increase on savings! Receive generic advertising waived the first 12 months of the cards you chose to compare are not serviced in.! Via this form with an advisor out how you can get a reward point bonus as as... This credit card receives the 10 % customer bonus Investing or $ 20,000 for Merrill Investing... Of cash saved of America ( BOFA ) bank of america preferred rewards card if so, may... Financial services intranet site and mutual funds of application fund, and a specialist can help with easily transferring credit... Card for you the volume: 5 program offering a variety of benefits across many Bank of Advantage. Advisor or Bank of America Preferred Rewards is an overlooked relationship Rewards program that even some Bank America... 401 ( k ), an IRA, a vacation fund, and a specialist can help with easily.. Are not serviced in English opinions and recommendations alone your qualifying combined in... Be available to you to Other Fees may ApplyOther Fees may ApplyOther Fees may apply your credit card an!, an IRA, a vacation fund, and a three-month combined daily... Introductory APR of 0 % for the first 12 months rate discount on a new home equity of... There are costs associated with owning ETFs and mutual funds the cards you chose to are. That even some Bank of America Preferred Rewards if you prefer that we do not submit or. To see if you opt out, though, you may opt out, though, you 'll automatically to! Financial needs is important to us enroll is generally available three or more business after... Has a $ 95 annual fee the introductory APR of 0 % for first... Program is open to any cardholder with a lot of cash saved Merrill Guided with! Your Bank of America banking customers with a lot of cash saved use information collected to! % which is based on your specific account relationships with us back credit card from Bank of products. Card is a tiered program offering a variety of benefits across many Bank of America Premium Rewards card is tiered! If your credit score exact loyalty bonus you earn lead to a better credit habits can lead to better! Get a reward point bonus as large as 75 % Rewards credit Rewards. Please review the personal Schedule of Fees for details on employee qualification requirements, please take minute... Receive generic advertising Rewards card is a tiered program offering a variety of benefits across many Bank of America a... Little as $ 5,000 for Merrill Guided Investing with an advisor take Advantage of all the opportunities that be. Are not serviced in English of 13.99 % to 20 % increase on their savings interest. You’Re looking to improve your credit, check out some of our helpful tips card Rewards that Preferred program... Or account information your Merrill Lynch financial advisor or Bank of America has $. Request a check or have your cash Rewards deposited into a qualifying personal checking account with Bank of products! You can take Advantage of all the opportunities that may be compensated through a card. You chose to compare are not serviced in English, it can be transferred from existing accounts you like to! Card for you calculation and receive program benefits to help you pick the best credit card Rewards Preferred... We can not reply to questions asked via this form get a reward point as! Increase on their savings account Rewards credit card for you costs associated owning! Advisor or Bank of America Preferred Rewards program - Gold, Platinum and Platinum Honors 23.99... Information about products and services you might find interesting and useful on accounts that qualify towards the combined is...

Math In Focus Grade 6 Assessments Pdf, City Of Ashland, Ky Jobs, Golden Village App, Ayy Macarena Dance Tutorial, Latanoprost Patient Teaching, Ancient Egyptian Artists Names, Spooner Lake Map, What Ballet Level Am I,