Increase Your Preferred Rewards with an Eligible Bank of America® Credit Card

Bank of America® Cash Rewards

Here's how your cash rewards annual earn is calculated:

Example of Cash Rewards annual spend using Online Shopping as the Choice category

Sample monthly purchases	% Cash back	Cash back earned
$300 Online shopping (Choice category)	3%	$9.00
$500 Grocery stores & wholesale clubs	2%	$10.00
$200 Dining out	1%	$2.00
$550 Recurring utility payments	1%	$5.50
$150 Gas	1%	$1.50
Estimated monthly cash back total		$28.00
Estimated annual cash back total		$336.00

You'll earn 3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%. Choice categories are Gas (default), Online Shopping, Dining, Travel, Drug Stores or Home Improvement/Furnishing and may be changed once per calendar month.

Bank of America® Cash Rewards

Here's how your cash rewards annual earn is calculated:

Example of Cash Rewards annual spend using Online Shopping as the Choice category

Sample monthly purchases	Cash back earned
$300 Online shopping (Choice category) x 3% cash back	$9.00
$500 Grocery stores & wholesale clubs x 2% cash back	$10.00
$200 Dining out x 1% cash back	$2.00
$550 Recurring utility payments x 1% cash back	$5.50
$150 Gas x 1% cash back	$1.50
Estimated monthly cash back total	$28.00
Estimated annual cash back total	$336.00

Bank of America® Travel Rewards

Here's how your travel rewards points are calculated:

	$1000 / month card purchases		12 months		$12,000 annual purchases total
	$12,000 annual purchases total		1.5 points per dollar spent		18,000 points

Sample annual purchases	Points per dollar	Points earned
$1,700 Gas	x 1.5	2,550 points
$3,200 Recurring utility payments	x 1.5	4,800 points
$3,500 Grocery stores & wholesale clubs	x 1.5	5,250 points
$3,600 Dining out and travel	x 2	7,200 points
Estimated annual points earned		19,800 points

Sample annual purchases	Points earned
$1,700 Gas x 1.5% cash back	2,550 points
$3,200 Recurring utility payments x 1.5% cash back	4,800 points
$3,500 Grocery stores & wholesale clubs x 1.5% cash back	5,250 points
$3,600 Dining out and travel x 2% cash back	7,200 points
Estimated annual points earned	19,800 points

Preferred Rewards tier	Preferred Rewards bonus percentage	Estimated annual cash back total	Result
Gold tier	25%	$336.00	$84.00
Platinum tier	50%	$336.00	$168.00
Platinum Honors tier	75%	$336.00	$252.00

Preferred Rewards tier	Preferred Rewards bonus percentage	Estimated annual points earned	Result
Gold tier	25%	18,000	4,500 points
Platinum tier	50%	18,000	9,000 points
Platinum Honors tier	75%	18,000	13,500 points

Preferred Rewards tier	Preferred Rewards bonus percentage	Estimated annual points earned	Result
Gold tier	25%	19,800	4,950 points
Platinum tier	50%	19,800	9,900 points
Platinum Honors tier	75%	19,800	14,850 points

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.

Learn how Preferred Rewards can make your credit card rewards really add up

Select a card to see the benefits

Bank of America® Cash Rewards

Here's how your cash rewards annual earn is calculated:

Bank of America® Cash Rewards

Here's how your cash rewards annual earn is calculated:

Bank of America® Travel Rewards

Here's how your travel rewards points are calculated:

Bank of America® Travel Rewards

Here's how your travel rewards points are calculated:

Bank of America® Premium Rewards®

Here's how your Premium Rewards annual earn is calculated:

Bank of America® Premium Rewards®

Here's how your Premium Rewards annual earn is calculated:

Preferred Rewards bonus

Total annual cash rewards

Preferred Rewards bonus

Preferred Rewards points bonus

Total annual travel rewards points

Preferred Rewards points bonus

Preferred Rewards points bonus

Total annual Premium Rewards

Preferred Rewards points bonus

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Not enrolled in the Preferred Rewards program?

Not enrolled in the Preferred Rewards program?

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Card eligibility guidelines

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$1000 / month card purchases x 12 months	$12,000 annual purchases total
$12,000 annual purchases amount x 1.5 points per dollar spent	18,000 points

Increasing Preferred Rewards with Credit Cards

Learn how Preferred Rewards can make your credit card rewards really add up

Select a card to see the benefits

Bank of America® Cash Rewards

Here's how your cash rewards annual earn is calculated:

Bank of America® Cash Rewards

Here's how your cash rewards annual earn is calculated:

Bank of America® Travel Rewards

Here's how your travel rewards points are calculated:

Bank of America® Travel Rewards

Here's how your travel rewards points are calculated:

Bank of America® Premium Rewards®

Here's how your Premium Rewards annual earn is calculated:

Bank of America® Premium Rewards®

Here's how your Premium Rewards annual earn is calculated:

Preferred Rewards bonus

Total annual cash rewards

Preferred Rewards bonus

Preferred Rewards points bonus

Total annual travel rewards points

Preferred Rewards points bonus

Preferred Rewards points bonus

Total annual Premium Rewards

Preferred Rewards points bonus

Not enrolled in the Preferred Rewards program?

Not enrolled in the Preferred Rewards program?

Not enrolled in the Preferred Rewards program?

You may also like:

Card eligibility guidelines

Connect with us

888.888.7937

888.888.7937

Schedule an appointment

Preferred Rewards FAQs