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Preferred Rewards Calculator

Quickly find out how you could earn more, save more, and get more back with Bank of America Preferred Rewards.

To get started, enter the amounts below based on both your Bank of America deposit and Merrill® investments accounts, and accounts at other banks and brokerage firms, to help determine your potential Preferred Rewards program eligibility.

Deposit and investment account balances

Estimate your combined balances across your qualifying deposit and investment accounts layer.


Credit card spend

Estimate your monthly credit card purchases. You will receive the Preferred Rewards bonus on all of your eligible credit cards layer.


Your Preferred Rewards potential is based on the information you provide. None of your account information is automatically incorporated in this tool.

Want more information about the Preferred Rewards program? Get an overview

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.

How is this calculated?

Your potential benefits are based on a combination of the inputs you provided and the average value of the program benefits. You can check and un-check the box next to each benefit to fine-tune your estimate.

Qualifying deposit and investment balances

You are eligible to enroll in the Preferred Rewards program if you have an active, eligible Bank of America® personal checking account and maintain a three-month combined average daily balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill® investment accounts of at least $20,000.The combined balance is calculated based on your average daily balance for a three calendar month period.

If you have deposit and investment accounts outside of Bank of America and Merrill®, you can include them to see how transferring balances could help you get even more benefits and rewards.

Learn more about Preferred Rewards