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Preferred Rewards

The best relationships grow over time

Preferred Rewards is our way of saying we value you. 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®.

Explore benefits that grow with your balances Please access your link list to display the content for the three different reward tiers

There are three tiers in the Preferred Rewards program - Gold, Platinum and Platinum Honors. Your tier is based on your qualifying combined balances in your Bank of America® deposit and/or Merrill® investment accounts. 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. In addition, your balances are reviewed monthly to see if you qualify for a higher tier. If so, you'll automatically move to the next level of rewards.

Preferred Rewards is our way of saying we value you. 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®.

Explore the benefits Please access your link list to display the content for the three different reward tiers

Displayed benefits are for the following amount:
Display Gold tier content twenty thousand dollars or more Display Platinum tier content fifty thousand dollars or more Display Platinum Honors tier content one hundred thousand dollars or more
     
Gold
Platinum
Platinum Honors
     
Gold $20,000 – $50,000
Platinum $50,000 – $100,000
Platinum Honors $100,000+
three-month combined average daily balance

Earn more for every dollar you save

An interest rate booster on a Bank of America Advantage Savings account.

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%. This interest rate is for illustration only. Visit bankofamerica.com/savings for current products and rates.

Interest rate booster
5%

Gold

10%

Platinum

20%

Platinum Honors

A rewards bonus on eligible Bank of America credit cards.

Eligible credit cards earn a 25%, 50% or 75% rewards bonus.

For example, for credit cards that earn points or cash rewards, your rewards bonus will be awarded on every purchase. 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. See how to increase your credit card rewards.

Review card eligibility guidelines layer

Rewards bonus
25%

Gold

50%

Platinum

75%

Platinum Honors

Non-Bank of America ATM transactions when you need them

No-fee ATM transactions (withdrawals, balance inquiries and balance transfers) with a Bank of America debit or ATM card at non-Bank of America ATMs in the U.S.

No-fee ATM Transactions Per Year
0

Gold

12

Platinum

Unlimited

Platinum Honors

Annual program fee discount on a Merrill Guided Investing account

Get advice and guidance to help you plan for your future with an online experience built around you, professionally managed portfolios and the option to work one-on-one with an advisor. Get started with as little as $1,000 for Merrill Guided Investing or $20,000 for Merrill Guided Investing with an advisor

Link to Other Fees May ApplyOther fees may apply.

Program fee discount
0.05%

Gold

0.10%

Platinum

0.15%

Platinum Honors

Preferred Rewards mortgage benefits

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.

Reduction in the Origination Fee
$200

Gold

$400

Platinum

$600

Platinum Honors

Preferred Rewards home equity benefits

An interest rate discount on a new home equity line of credit, based upon your eligible balances or tier at time of application.

Interest rate discount
0.125%

Gold

0.250%

Platinum

0.375%

Platinum Honors

Drive away with an interest rate discount

Want to get an even better rate? 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.

Interest rate discount
0.25%

Gold

0.35%

Platinum

0.50%

Platinum Honors

Banking made better with no-fee services

Enjoy fee waivers on everyday services for Bank of America personal checking and savings accounts:

  • Monthly maintenance fees waived on up to 4 eligible checking and 4 savings accounts from Bank of America
  • No fees for ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies, stop payments and incoming domestic wire transfers
  • Overdraft Protection Transfer Fees waived on Balance Connect™ for overdraft protection transfers from your eligible linked savings, checking, credit card, or home equity line of credit accounts.
  • See the Personal Schedule of Fees for more information.

Platinum and Platinum Honors tier members also enjoy:

  • No fees for incoming international wire transfers and a small safe deposit box

Earn more for every dollar you save

An interest rate booster on a Bank of America Advantage Savings account.

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%. This interest rate is for illustration only. Visit bankofamerica.com/savings for current products and rates.

Interest rate booster
5%

Gold

10%

Platinum

20%

Platinum Honors

A rewards bonus on eligible Bank of America credit cards.

Eligible credit cards earn a 25%, 50% or 75% rewards bonus.

For example, for credit cards that earn points or cash rewards, your rewards bonus will be awarded on every purchase. 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. See how to increase your credit card rewards.

Review card eligibility guidelines layer

Rewards bonus
25%

Gold

50%

Platinum

75%

Platinum Honors

Non-Bank of America ATM transactions when you need them

No-fee ATM transactions (withdrawals, balance inquiries and balance transfers) with a Bank of America debit or ATM card at non-Bank of America ATMs in the U.S.

No-fee ATM Transactions Per Year
0

Gold

12

Platinum

Unlimited

Platinum Honors

Annual program fee discount on a Merrill Guided Investing account

Get advice and guidance to help you plan for your future with an online experience built around you, professionally managed portfolios and the option to work one-on-one with an advisor. Get started with as little as $1,000 for Merrill Guided Investing or $20,000 for Merrill Guided Investing with an advisor

Link to Other Fees May ApplyOther fees may apply.

Program fee discount
0.05%

Gold

0.10%

Platinum

0.15%

Platinum Honors

Preferred Rewards mortgage benefits

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.

Reduction in the Origination Fee
$200

Gold

$400

Platinum

$600

Platinum Honors

Preferred Rewards home equity benefits

An interest rate discount on a new home equity line of credit, based upon your eligible balances or tier at time of application.

Interest rate discount
0.125%

Gold

0.250%

Platinum

0.375%

Platinum Honors

Drive away with an interest rate discount

Want to get an even better rate? 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.

Interest rate discount
0.25%

Gold

0.35%

Platinum

0.50%

Platinum Honors

Banking made better with no-fee services

Enjoy fee waivers on everyday services for Bank of America personal checking and savings accounts:

  • Monthly maintenance fees waived on up to 4 eligible checking and 4 savings accounts from Bank of America
  • No fees for ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies, stop payments and incoming domestic wire transfers
  • Overdraft Protection Transfer Fees waived on Balance Connect™ for overdraft protection transfers from your eligible linked savings, checking, credit card, or home equity line of credit accounts.
  • See the Personal Schedule of Fees for more information.

Platinum and Platinum Honors tier members also enjoy:

  • No fees for incoming international wire transfers and a small safe deposit box

Earn more for every dollar you save

An interest rate booster on a Bank of America Advantage Savings account.

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%. This interest rate is for illustration only. Visit bankofamerica.com/savings for current products and rates.

Interest rate booster
5%

Gold

10%

Platinum

20%

Platinum Honors

A rewards bonus on eligible Bank of America credit cards.

Eligible credit cards earn a 25%, 50% or 75% rewards bonus.

For example, for credit cards that earn points or cash rewards, your rewards bonus will be awarded on every purchase. 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. See how to increase your credit card rewards.

Review card eligibility guidelines layer

Rewards bonus
25%

Gold

50%

Platinum

75%

Platinum Honors

Non-Bank of America ATM transactions when you need them

No-fee ATM transactions (withdrawals, balance inquiries and balance transfers) with a Bank of America debit or ATM card at non-Bank of America ATMs in the U.S.

No-fee ATM Transactions Per Year
0

Gold

12

Platinum

Unlimited

Platinum Honors

Annual program fee discount on a Merrill Guided Investing account

Get advice and guidance to help you plan for your future with an online experience built around you, professionally managed portfolios and the option to work one-on-one with an advisor. Get started with as little as $1,000 for Merrill Guided Investing or $20,000 for Merrill Guided Investing with an advisor

Link to Other Fees May ApplyOther fees may apply.

Program fee discount
0.05%

Gold

0.10%

Platinum

0.15%

Platinum Honors

Preferred Rewards mortgage benefits

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.

Reduction in the Origination Fee
$200

Gold

$400

Platinum

$600

Platinum Honors

Preferred Rewards home equity benefits

An interest rate discount on a new home equity line of credit, based upon your eligible balances or tier at time of application.

Interest rate discount
0.125%

Gold

0.250%

Platinum

0.375%

Platinum Honors

Drive away with an interest rate discount

Want to get an even better rate? 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.

Interest rate discount
0.25%

Gold

0.35%

Platinum

0.50%

Platinum Honors

Banking made better with no-fee services

Enjoy fee waivers on everyday services for Bank of America personal checking and savings accounts:

  • Monthly maintenance fees waived on up to 4 eligible checking and 4 savings accounts from Bank of America
  • No fees for ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies, stop payments and incoming domestic wire transfers
  • Overdraft Protection Transfer Fees waived on Balance Connect™ for overdraft protection transfers from your eligible linked savings, checking, credit card, or home equity line of credit accounts.
  • See the Personal Schedule of Fees for more information.

Platinum and Platinum Honors tier members also enjoy:

  • No fees for incoming international wire transfers and a small safe deposit box
Calculator icon

Calculate your Preferred Rewards potential

Use our Preferred Rewards Calculator to see the benefits you can earn

Calculator icon

Calculate your
Preferred Rewards
potential

Use our Preferred Rewards Calculator to see the benefits you can earn

Enroll in Preferred Rewards

There is no fee to join or participate in the program.
To become a Preferred Rewards member you will need:

  • An active, eligible Bank of America checking account
  • A three-month combined average daily balance of $20,000 or more in qualifying Bank of America deposit accounts and/or Merrill® investment accounts.

    Once you’ve met these requirements, you must then take action to enroll.

Sign in to Online Banking to see if you qualify.

Enroll in Preferred Rewards

There is no fee to join or participate in the program.
To become a Preferred Rewards member you will need:

  • An active, eligible Bank of America checking account
  • A three-month combined average daily balance of $20,000 or more in qualifying Bank of America deposit accounts and/or Merrill® investment accounts.

    Once you’ve met these requirements, you must then take action to enroll.

Sign in to Online Banking to see if you qualify.

♦ Other fees may apply. Sales of ETFs are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs and mutual funds. To learn more about Merrill pricing, visit merrilledge.com/pricing

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Card eligibility guidelines

Most Bank of America® branded consumer credit cards (such as the Unlimited Cash Rewards, Customized 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. If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus.

Cards not eligible for the rewards bonus:

  • Non-rewards credit cards
  • Business purpose credit cards
  • BankAmericard Better Balance Rewards®
  • Merrill® branded (including MERRILL+®, Merrill Octave® American Express® and Private Banking and Investment Group Octave® American Express®)
  • Bank of America® Private Bank Octave®
  • AAA® Gas Rebate
  • Air France KLM World Elite Mastercard®
  • Alaska Airlines®
  • Allegiant World Mastercard®
  • Amtrak Guest Rewards®
  • Amway™
  • Asiana Airlines®
  • Celebrity Cruises®
  • Royal Caribbean International®
  • Sonesta World Mastercard®
  • Spirit Airlines®
  • Virgin Atlantic Airways®

This list is subject to change without prior notice.

Card eligibility guidelines

Most Bank of America® branded consumer credit cards (such as the Unlimited Cash Rewards, Customized 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. If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus.

Cards not eligible for the rewards bonus:

  • Non-rewards credit cards
  • Business purpose credit cards
  • BankAmericard Better Balance Rewards®
  • Merrill® branded (including MERRILL+®, Merrill Octave® American Express® and Private Banking and Investment Group Octave® American Express®)
  • Bank of America® Private Bank Octave®
  • AAA® Gas Rebate
  • Air France KLM World Elite Mastercard®
  • Alaska Airlines®
  • Allegiant World Mastercard®
  • Amtrak Guest Rewards®
  • Amway™
  • Asiana Airlines®
  • Celebrity Cruises®
  • Royal Caribbean International®
  • Sonesta World Mastercard®
  • Spirit Airlines®
  • Virgin Atlantic Airways®

This list is subject to change without prior notice.