Here's how your cash rewards annual earn is calculated:
Example using Online Shopping as the Choice category
| Sample annual purchases | % Cash back | Cash back earned |
|---|---|---|
| $2,000 Online Shopping (choice category) | x 3% | $60.00 |
| $2,000 Grocery stores & wholesale clubs | x 2% | $40.00 |
| $8,000 All other purchases | x 1% | $80.00 |
| Estimated annual cash back total | $180.00 |
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%.
Preferred Rewards cash rewards bonus
| Tier color | Preferred Rewards tier | Preferred Rewards bonus percentage | Operation graphic | Estimated annual cash back total | Operation graphic | Result |
|---|---|---|---|---|---|---|
| Gold tier | 25% |  | $180.00 |  | $45.00 | |
| Platinum tier | 50% | | $180.00 | | $90.00 | |
| Platinum Honors tier | 75% | | $180.00 | | $135.00 |
Total annual cash rewards
Gold tier
$225.00
Platinum tier
$270.00
Platinum Honors tier
$315.00
Your Preferred Rewards cash rewards bonus for your tier is earned on every purchase you make, and can be tracked in Online Banking by expanding the transaction in your online statement.
For illustrative purposes only. Actual rewards earned will depend on individual purchases.
Learn more about the Bank of America® Customized Cash Rewards card
