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Get more out of Preferred Rewards

 
 
 

With the Preferred Rewards program, you earn more, save more and get more back with your everyday banking. But it doesn’t have to stop there. You can combine Preferred Rewards with other programs and discounts and benefit even more. Here are 3 helpful tips to get you started:

1. Watch for BankAmeriDeals® before you shop

  • Choose cash back deals and get cash back credited into your account
  • Visit Special Offers & Deals in Online Banking or on our Mobile Banking app and select the BankAmeriDeals® offer
  • Pay with your eligible Bank of America® credit card to earn cash back rewards from BankAmeriDeals on your purchase
  • Get a 25-75% rewards bonus on eligible Bank of America credit cards with Preferred Rewards
  • Plus get an automatic credit to your account from your redeemed BankAmeriDeals offer within 30 days following redemption

2. Sign up for loyalty programs from your favorite retailers

You could enjoy exclusive offers for members only, including perks and savings.

3. Take advantage of manufacturers’ coupons when you shop

Many Preferred Rewards clients are already making the most of these tips. Here are some examples:

On the road to more rewards
Robert is a Preferred Rewards Gold tier client and is a frequent traveler. When booking a recent $600 hotel stay, he was able to earn points with his Bank of America® Travel Rewards card and save more than $60 with BankAmeriDeals:
Robert paid for his $600 room with his Bank of America® Travel Rewards credit card and earned 1.5 points for every dollar he spent.
900
points
He also used his card to rent a car and for dining out, spending an additional $800.
1,200
points
He got a 25% Preferred Rewards bonus on his points.
525
additional points
He used a BankAmeriDeal for the GreatStay Hotel and got 10% cash back credited to his account.
$60
savings
Robert saved $60 on his $600 hotel purchase and, with his $800 car rental and dining purchases, earned a combined 2,625 points — which he can redeem for a $26.25 travel statement credit.*
*Points may be redeemed for a travel credit starting at 2,500 (worth $25).
An appetite for more
Angela is a Preferred Rewards Platinum tier client and a Fresh Foods Grocery Rewards Club member. When shopping for wholesome food for her growing family, Angela makes the most of every dollar by using her Bank of America® Cash Rewards credit card and her frequent shopper savings at Fresh Foods.
Angela spent $150 at Fresh Foods Grocery.
She used a frequent shopper thank you coupon from Fresh Foods Grocery.
$5
savings
She paid with her Bank of America® Cash Rewards credit card, because she earns 2% cash back at grocery stores and wholesale clubs.
$3
cash reward*
When she reaches $25 in cash rewards, she can redeem her cash back into her eligible Bank of America® checking account and get a 50% Preferred Rewards bonus.
$1.50
additional cash reward*
Angela saved $5 with Fresh Foods Grocery using her coupon and will get $4.50 in cash rewards from Bank of America on her $150 purchase!
*Cash rewards redemptions begin at $25.

Not enrolled in the Preferred Rewards Program? Learn more about Preferred Rewards

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Card eligibility guidelines

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 and in good standing. 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 Lynch branded (including MERRILL+®, Merrill Lynch® Octave®, American Express® and Private Banking and Investment Group Octave® American Express®)
  • U.S. Trust® Octave® American Express®
  • 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®
  • Spirit Airlines®
  • Virgin Atlantic Airways®

This list is subject to change without prior notice.