{"id":134624,"date":"2026-05-30T18:00:45","date_gmt":"2026-05-30T18:00:45","guid":{"rendered":"https:\/\/awardwallet.com\/blog\/?p=134624"},"modified":"2026-05-31T11:29:13","modified_gmt":"2026-05-31T11:29:13","slug":"preferred-rewards-guide","status":"publish","type":"post","link":"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/preferred-rewards-guide\/","title":{"rendered":"BofA Rewards: How To Boost Bank of America Card Earnings Up to 75% \u2014 Plus More Perks"},"content":{"rendered":"<p>Banks offer all sorts of programs and incentives to earn your business. Most people have a checking and savings account, and maybe some investment or retirement accounts. The more accounts you have, the more valuable you are to a bank. They want all of that business, so why shouldn't they reward you for giving it to them? That\u2019s where the <a target=\"_blank\" href=\"https:\/\/info.bankofamerica.com\/en\/bofa-rewards?cm_mmc=PRW-PreferredRewards-EnhancedBankingFeatures-_-vanity-_-PB01VN000C_bofarewards-_-N\/A\" rel=\"noopener\">BofA Rewards\u2122<\/a> program comes in.<\/p>\n<p>A single visit or phone call with a Bank of America banker can unlock serious earning potential. In some cases, you can even multiply the rewards you earn on your Bank of America credit cards. Here's how it works.<\/p>\n<p><em>The <a target=\"_blank\" href=\"https:\/\/awardwallet.com\/news\/bank-of-america\/preferred-rewards-to-become-bofa-rewards\/\" rel=\"noopener\">BofA Rewards program replaced the Bank of America Preferred Rewards program<\/a> on May 28, 2026.<\/em><\/p>\n<div id=\"toc_container\" class=\"toc_light_blue no_bullets\"><p class=\"toc_title\">Page Contents<\/p><ul class=\"toc_list\"><li><a href=\"#The_BofA_Rewards_Program\">The BofA Rewards Program<\/a><ul><li><a href=\"#Eligible_account_types\">Eligible account types<\/a><\/li><li><a href=\"#Qualification_considerations\">Qualification considerations<\/a><\/li><\/ul><\/li><li><a href=\"#BofA_Rewards_Tiers\">BofA Rewards Tiers<\/a><ul><li><a href=\"#Discounts_and_better_rates\">Discounts and better rates<\/a><\/li><li><a href=\"#Member_tier\">Member tier<\/a><\/li><li><a href=\"#Preferred_Plus_tier\">Preferred Plus tier<\/a><\/li><li><a href=\"#Preferred_Honors_tier\">Preferred Honors tier<\/a><\/li><li><a href=\"#Premier_tier\">Premier tier<\/a><\/li><\/ul><\/li><li><a href=\"#The_Credit_Card_Sweet_Spot_With_BofA_Rewards\">The Credit Card Sweet Spot With BofA Rewards<\/a><\/li><li><a href=\"#Maximize_Your_Credit_Card_Earnings_With_BofA_Rewards\">Maximize Your Credit Card Earnings With BofA Rewards<\/a><\/li><li><a href=\"#Bottom_Line\">Bottom Line<\/a><\/li><\/ul><\/div>\n\n<h2><span id=\"The_BofA_Rewards_Program\">The BofA Rewards Program<\/span><\/h2>\n<p class=\"p1\">The BofA Rewards program offers customers various bonuses and discounts based on the amount they keep in eligible Bank of America or Merrill accounts. You can deposit funds or transfer stocks and other brokerage assets to fund your accounts.<\/p>\n<p class=\"p1\">Quite often, you can earn bonuses when you open these new accounts. Bank of America gives customers a tangible cash-back reward incentive to earn their banking business. This can include earning up to 75% extra on every purchase with your credit card. That can push your card earnings as high as <a target=\"_blank\" href=\"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/maximize-unlimited-cash-card-preferred-rewards\/\" rel=\"noopener\">3.5% cash back for the first year<\/a>.<\/p>\n<p>If you have a qualifying Bank of America checking account, you can enroll with no minimum combined balance. To reach higher tiers, you'll need to meet the combined balances required across eligible Bank of America and Merrill accounts.<a target=\"_blank\" href=\"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/maximize-unlimited-cash-card-preferred-rewards\/\" rel=\"noopener\"><\/a><\/p>\n<figure id=\"attachment_97889\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/480\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-97889 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/03\/scott-graham-5fNmWej4tAA-unsplash-laptops-business-paperwork-card-question-feature-300x240.jpg\" alt=\"people look at documents and use laptops at a desk\" width=\"600\" height=\"480\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/03\/scott-graham-5fNmWej4tAA-unsplash-laptops-business-paperwork-card-question-feature-300x240.jpg 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/03\/scott-graham-5fNmWej4tAA-unsplash-laptops-business-paperwork-card-question-feature-1024x819.jpg 1024w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/03\/scott-graham-5fNmWej4tAA-unsplash-laptops-business-paperwork-card-question-feature-768x614.jpg 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/03\/scott-graham-5fNmWej4tAA-unsplash-laptops-business-paperwork-card-question-feature-325x260.jpg 325w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/03\/scott-graham-5fNmWej4tAA-unsplash-laptops-business-paperwork-card-question-feature.jpg 1500w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Credit: Scott Graham\/Unsplash<\/em><\/enter><\/figure>\n<h3><span id=\"Eligible_account_types\">Eligible account types<\/span><\/h3>\n<p>The following types of accounts count towards the BofA Rewards program balance thresholds to help determine your\u00a0BofA Rewards tier:<\/p>\n<ul>\n<li>Bank of America checking, Advantage Banking, savings, money market savings, CDs, and IRAs<\/li>\n<li>Merrill investment accounts, including IRAs and Cash Management Accounts<\/li>\n<li>Merrill 529 college savings accounts<\/li>\n<\/ul>\n<p>Many of <a target=\"_blank\" href=\"\/blog\/bank-of-america-credit-cards\/\" rel=\"noopener\">Bank of America's credit cards<\/a> are a part of the program and are eligible for tier-based bonuses. You can have multiple cards that qualify for bonus earnings. Understandably, credit cards that do not earn rewards aren't eligible, and nearly all co-branded credit cards are also excluded.<\/p>\n<p>Unfortunately, business credit cards are not eligible for the personal BofA Rewards program. However, Bank of America offers a <a href=\"https:\/\/business.bankofamerica.com\/preferred-rewards-business\" target=\"_blank\" rel=\"noopener\">Preferred Rewards for Business<\/a> program with a similar rewards system for business customers who hold assets in business accounts with Bank of America and Merrill.<\/p>\n<p>Other types of Bank of America accounts that do not qualify are:<\/p>\n<ul>\n<li>Employee benefit plans, including 401(k) accounts, and annuities managed by Bank of America or Merrill<\/li>\n<li>Irrevocable trust accounts<\/li>\n<li>Uniform Transfers to Minors accounts and Uniform Gifts to Minors Act accounts<\/li>\n<\/ul>\n<h3><span id=\"Qualification_considerations\">Qualification considerations<\/span><\/h3>\n<p>While the savings thresholds might seem high, consolidating all your assets from various banks and brokerages can actually simplify your banking. Also, there will almost certainly be bonuses available for your efforts.<\/p>\n<p>Merrill is an easy-to-use brokerage site that offers commission-free online trading in stocks, ETFs, and options. If you have an individual retirement account, whether a Roth IRA or a traditional IRA, transferring those assets to Merrill is a quick and easy path to higher BofA Rewards tiers.<\/p>\n<p>The bankers can easily move your assets over from other accounts, so all you need are the account numbers and some paperwork.<\/p>\n<h2><span id=\"BofA_Rewards_Tiers\">BofA Rewards Tiers<\/span><\/h2>\n<p>BofA Rewards has four tiers based on your 3\u2011month combined average daily balance across eligible Bank of America and Merrill accounts: Member, Preferred Plus, Preferred Honors, and Premier. Each tier offers a different level of credit card bonuses and banking\/investing benefits. You will not automatically be placed in a tier upon depositing funds into new accounts.<\/p>\n<figure id=\"attachment_261166\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"900\/239\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-261166 size-large lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-02-at-9.32.27-PM-900x239.png\" alt=\"Bank of America BofA Rewards program tiers and requirements\" width=\"900\" height=\"239\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-02-at-9.32.27-PM-900x239.png 900w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-02-at-9.32.27-PM-750x199.png 750w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-02-at-9.32.27-PM-768x204.png 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-02-at-9.32.27-PM-1536x407.png 1536w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-02-at-9.32.27-PM-2048x543.png 2048w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><center><em>Credit: Bank of America<\/em><\/enter><\/figure>\n<p class=\"p1\">You can usually have your banker speed this process along so that it doesn't take a full three months to be placed into your tier. Also, your tier can change if your balances dip below the threshold needed to maintain your current tier. You will be permitted to keep the higher tier level for one year. After a three-month grace period, you will be placed in the lower tier based on your current balances.<\/p>\n<h3><span id=\"Discounts_and_better_rates\">Discounts and better rates<\/span><\/h3>\n<p class=\"p1\">As you go into each higher tier, you'll earn better rates, boosters, and discounts. This includes boosted rates on savings accounts, discounted rates on home equity lines of credit, auto loan applications, foreign currency exchanges, and Merrill Guided Investing, as well as reduced origination fees on new-purchase or refinance mortgages and waived banking fees.<\/p>\n<p>All BofA Rewards tiers come with priority member service, no monthly maintenance fees on eligible checking and savings accounts from Bank of America, and no fees on select services \u2014 such as standard check orders, cashier\u2019s checks, incoming domestic wire transfers, and more \u2014 and even reduced origination fees on new purchase or refinance mortgages.<\/p>\n<h3><span id=\"Member_tier\">Member tier<\/span><\/h3>\n<p class=\"my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2\">You qualify for the Member tier with a three\u2011month combined average daily balance of <strong>less than $30,000<\/strong> in eligible Bank of America and Merrill accounts. Benefits at the Member tier include:<\/p>\n<ul>\n<li class=\"my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2\">10% rewards bonus on eligible Bank of America credit cards<\/li>\n<li>$100 reduction on the origination fee of a new Bank of America purchase or refinance mortgage<\/li>\n<li>0.1% interest rate discount on a new Bank of America auto purchase or refinance loan<\/li>\n<li>0.125% interest\u2011rate discount on a new Bank of America home equity line of credit when you qualify for BofA Rewards and meet HELOC requirements<\/li>\n<li>Waived monthly maintenance fees on at least one eligible checking account and one eligible savings account (or per BofA\u2019s current Member\u2011tier policy<\/li>\n<\/ul>\n<h3><span id=\"Preferred_Plus_tier\">Preferred Plus tier<\/span><\/h3>\n<p>You qualify for the Preferred Plus tier with a three-month combined average daily balance <strong>between $30,000 and $99,999<\/strong> in eligible Bank of America and Merrill accounts. Benefits at the Preferred Plus tier include:<\/p>\n<ul>\n<li class=\"my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2\">25% rewards bonus on eligible Bank of America credit cards<\/li>\n<li>$300 reduction on the origination fee of a new Bank of America purchase or refinance mortgage<\/li>\n<li>0.1% interest rate discount on a new Bank of America auto purchase or refinance loan<\/li>\n<li>0.25% interest\u2011rate discount on a new Bank of America home equity line of credit.<\/li>\n<li>0.25% interest\u2011rate discount on a new Bank of America auto purchase or refinance loan<\/li>\n<li>No fee for one withdrawal and one transfer per statement cycle at non\u2011BofA ATMs in the U.S., plus a refund of the ATM operator fee for one withdrawal and one transfer per statement cycle when you use an eligible Bank of America debit or ATM card<a target=\"_blank\" href=\"https:\/\/www.privatebank.bankofamerica.com\/preferred-rewards.html\" rel=\"noopener\" class=\"inline-flex max-w-full min-w-0\"><\/a><\/li>\n<li>Waived monthly maintenance fees on multiple eligible checking and savings accounts as part of relationship\u2011based pricing under BofA Rewards<\/li>\n<\/ul>\n<h3><span id=\"Preferred_Honors_tier\">Preferred Honors tier<\/span><\/h3>\n<p>You qualify for the Preferred Honors tier with a three-month combined average daily balance <strong>between $100,000 and $999,999<\/strong> in eligible Bank of America and Merrill accounts. Benefits at the Preferred Honors tier include:<\/p>\n<ul>\n<li>50% rewards bonus on eligible credit cards<\/li>\n<li>$600 reduction on the origination fee of a new Bank of America purchase or refinance mortgage<\/li>\n<li>0.375% interest\u2011rate discount on a new Bank of America home equity line of credit<\/li>\n<li>0.35% interest\u2011rate discount on a new Bank of America auto purchase or refinance loan<\/li>\n<li>No fee for all withdrawals and transfers at non\u2011BofA ATMs in the U.S., plus refunds of ATM operator fees for those U.S. transactions when you use an eligible Bank of America debit or ATM card<\/li>\n<li>Waived monthly maintenance fees on multiple eligible checking and savings accounts<\/li>\n<li>Increased Merrill investment benefits, including higher program\u2011fee discounts on certain managed\u2011account and Merrill Guided Investing products<\/li>\n<li>Up to $8 per month ($96 per year) in statement credits toward eligible streaming and other subscriptions when you enroll in the subscription\u2011credit benefit and pay from an eligible Bank of America checking account<a target=\"_blank\" href=\"https:\/\/www.perplexity.ai\/search\/b82deba7-0395-49e7-a7cc-2b23f120375c\" rel=\"noopener\" class=\"inline-flex max-w-full min-w-0\"><\/a><\/li>\n<li>Access to curated lifestyle offers and experiences<\/li>\n<\/ul>\n<h3><span id=\"Premier_tier\">Premier tier<\/span><\/h3>\n<p>You qualify for the Diamond tier with a three-month combined average daily balance of <strong>$1 million or more<\/strong> in eligible Bank of America and Merrill accounts. Benefits at the Premier tier include:<\/p>\n<ul>\n<li>75% rewards bonus on eligible credit cards<\/li>\n<li>0.625% interest\u2011rate discount on a new Bank of America home equity line of credit<\/li>\n<li>0.50% interest\u2011rate discount on a new Bank of America auto purchase or refinance loan<\/li>\n<li>Up to a 0.375% mortgage interest\u2011rate reduction on eligible new Bank of America purchase or refinance mortgages when you combine Premier status with automatic payments from an eligible Bank of America deposit account, subject to BofA\u2019s mortgage and BofA Rewards terms<\/li>\n<li>\u00a0No monthly maintenance fees on all eligible Bank of America checking and savings accounts<\/li>\n<li>\u00a0Unlimited no\u2011fee ATM transactions worldwide, including refunds of non\u2011Bank\u2011of\u2011America ATM operator fees when using an eligible Bank of America debit or ATM card<\/li>\n<li>Up to $15 per month ($180 per year)\u00a0in subscription credits toward eligible streaming and other subscriptions when you enroll and pay from an eligible BofA checking account.<\/li>\n<li>The most extensive \u201cpremium lifestyle\u201d experiences and curated offers under BofA Rewards, plus dedicated support through Bank of America Private Bank for qualifying clients<a target=\"_blank\" href=\"https:\/\/www.perplexity.ai\/search\/b82deba7-0395-49e7-a7cc-2b23f120375c\" rel=\"noopener\" class=\"inline-flex max-w-full min-w-0\"><\/a><\/li>\n<\/ul>\n<h2><span id=\"The_Credit_Card_Sweet_Spot_With_BofA_Rewards\">The Credit Card Sweet Spot With BofA Rewards<\/span><\/h2>\n<p class=\"p1\">One of the most useful BofA Rewards benefits is the bonus multiplier on eligible Bank of America credit cards. This can raise your cash-back earnings on all purchases.<\/p>\n<p>Reaching the million-dollar threshold to qualify for the Premier tier's highest multiplier (75%) may be out of reach for most. But the Preferred Honors tier still earns a respectable 50% multiplier on your credit card rewards.<\/p>\n<p>With a no-annual-fee card like the <a data-ccid=\"4048258\" href=\"https:\/\/awardwallet.com\/credit-cards\/cash-back\/bank-of-america-unlimited-cash-rewards\/\">Bank of America<sup>\u00ae<\/sup> Unlimited Cash Rewards credit card<\/a>, your ongoing earning rate after the first year would be <a target=\"_blank\" href=\"\/credit-cards\/bank-of-america\/maximize-unlimited-cash-card-preferred-rewards\/\" rel=\"noopener\">2.25% cash back<\/a> on every purchase, with no earnings cap.<\/p>\n<div class=\"qs-card\" data-id=\"4048258\">\n            <div class=\"qs-data\">\n                <div class=\"qs-view\">\n                    <div class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Unlimited Cash Rewards credit card<\/div>\n                    <div class=\"qs-image\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/cdn.nextinsure.com\/imaging\/opt\/6bd9a59e-9e8c-4b7b-8d6a-3382a4e43347.png\" width=\"150\" alt=\"Bank of America\u00ae Unlimited Cash Rewards credit card\" \/ class=\"lazyload\"><\/div>\n                    <div class=\"qs-apply\"><\/div>\n                    <div class=\"qs-rates\"><\/div>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\n$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.<\/div>\n                <\/div>\n                <div class=\"qs-info\">\n                    <strong class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Unlimited Cash Rewards credit card<\/strong>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\n$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.<\/div>\n                    <div class=\"qs-fee\"><strong>Annual Fee:<\/strong><b>$0<\/b><\/div>\n                    <div class=\"qs-tabs\"><a class=\"qs-more\" href=\"#more\">Show more<\/a><a href=\"\" data-tab=\"wwl\">Why We Like It<\/a><a class=\"active\" href=\"\" data-tab=\"er\">Earning Rates<\/a><div class=\"qs-tab-wwl\">The Bank of America<sup>\u00ae<\/sup> Unlimited Cash Rewards credit card offers a simple and straightforward rewards setup, ideal if you prefer uncomplicated cash back earnings. With no annual fee, the card provides 2% cash back on purchases for the first year from account opening, then a flat rate of 1.5% cash back on all purchases. For Bank of America Preferred Rewards members, the cash back rate can increase significantly, up to 2.62% as an ongoing earning rate, depending on the account balance tier\u200b. <a href=\"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/preferred-rewards-guide\/\">Learn more about Preferred Rewards<\/a><\/div><div class=\"qs-tab-er active\"><ul>\r\n<li>Earn 2% cash back on purchases for the first year from account opening<\/li>\r\n<li>Earn unlimited 1.5% cash back on all purchases after year one<\/li>\r\n<\/ul><\/div><\/div>\n                <\/div>\n            <\/div>\n            <a class=\"qs-share\" href=\"\/find-a-card\/BOAUnlimited\/\" title=\"copy\"><svg width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"https:\/\/awardwallet.com\/blog\/wp-content\/themes\/awardwallet\/public\/builds\/icon\/icon-sprite.svg?v2026-6-16aa5c94ee#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div>\n<p>The bonus also applies to other no-annual-fee cards from Bank of America, like the <a data-ccid=\"3002003\" href=\"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/travel-rewards-card\/\">Bank of America<sup>\u00ae<\/sup> Travel Rewards credit card<\/a>. When you factor in the Preferred Honors multiplier, this card goes from 1.5x to 2.25x points on all purchases.<\/p>\n<div class=\"qs-card\" data-id=\"3002003\">\n            <div class=\"qs-data\">\n                <div class=\"qs-view\">\n                    <div class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Travel Rewards credit card<\/div>\n                    <div class=\"qs-image\"><img data-aspectratio=\"150\/94\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/08\/CardArt-BankOfAmericaTravelRewardsCreditCard.png\" width=\"150\" alt=\"Bank of America\u00ae Travel Rewards credit card\" \/ class=\"lazyload\"><\/div>\n                    <div class=\"qs-apply\"><\/div>\n                    <div class=\"qs-rates\"><\/div>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\n25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.<\/div>\n                <\/div>\n                <div class=\"qs-info\">\n                    <strong class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Travel Rewards credit card<\/strong>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\n25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.<\/div>\n                    <div class=\"qs-fee\"><strong>Annual Fee:<\/strong><b>$0<\/b><\/div>\n                    <div class=\"qs-tabs\"><a class=\"qs-more\" href=\"#more\">Show more<\/a><a href=\"\" data-tab=\"wwl\">Why We Like It<\/a><a class=\"active\" href=\"\" data-tab=\"er\">Earning Rates<\/a><div class=\"qs-tab-wwl\">The Bank of America<sup>\u00ae<\/sup> Travel Rewards credit card stands out with its $0 annual fee and no foreign transaction fees, making it an economical choice for travelers. It offers a simple rewards structure, earning 1.5 points per dollar on every purchase. Purchases made in the Bank of America Travel Center earn 3 points per dollar. Points can be redeemed for travel or dining purchases, or for a statement credit up to 12 months after the purchase is made.<\/div><div class=\"qs-tab-er active\"><ul>\r\n<li>1.5 points for every $1 you spend on all purchases<\/li>\r\n<\/ul><\/div><\/div>\n                <\/div>\n            <\/div>\n            <a class=\"qs-share\" href=\"\/find-a-card\/BOATravel\/\" title=\"copy\"><svg width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"https:\/\/awardwallet.com\/blog\/wp-content\/themes\/awardwallet\/public\/builds\/icon\/icon-sprite.svg?v2026-6-16aa5c94ee#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div>\n<p>For those who spend heavily on travel or dining out, having the Preferred Honors tier along with the <a data-ccid=\"4048119\" href=\"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/premium-rewards-credit-card\/\">Bank of America<sup>\u00ae<\/sup> Premium Rewards<sup>\u00ae<\/sup> credit card<\/a> will enable you to earn 2.25x points on all purchases and 3x points on travel and dining.<\/p>\n<div class=\"qs-card\" data-id=\"4048119\">\n            <div class=\"qs-data\">\n                <div class=\"qs-view\">\n                    <div class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Premium Rewards<sup>\u00ae<\/sup> credit card<\/div>\n                    <div class=\"qs-image\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/cdn.nextinsure.com\/imaging\/opt\/f76cdf93-6505-48d4-a16a-fa2a958cb9cd.png\" width=\"150\" alt=\"Bank of America\u00ae Premium Rewards\u00ae credit card\" \/ class=\"lazyload\"><\/div>\n                    <div class=\"qs-apply\"><\/div>\n                    <div class=\"qs-rates\"><\/div>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong> Receive 60,000 online bonus points - a $600 value - after you make at least $4,000 in purchases in the first 90 days of account opening.<\/div>\n                <\/div>\n                <div class=\"qs-info\">\n                    <strong class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Premium Rewards<sup>\u00ae<\/sup> credit card<\/strong>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong> Receive 60,000 online bonus points - a $600 value - after you make at least $4,000 in purchases in the first 90 days of account opening.<\/div>\n                    <div class=\"qs-fee\"><strong>Annual Fee:<\/strong><b>$95<\/b><\/div>\n                    <div class=\"qs-tabs\"><a class=\"qs-more\" href=\"#more\">Show more<\/a><a href=\"\" data-tab=\"wwl\">Why We Like It<\/a><a class=\"active\" href=\"\" data-tab=\"er\">Earning Rates<\/a><div class=\"qs-tab-wwl\">The Bank of America<sup>\u00ae<\/sup> Premium Rewards<sup>\u00ae<\/sup> credit card is a mid-tier travel credit card with a $95 annual fee. Cardholders earn 2 points per dollar on travel and dining purchases and 1.5 points per dollar on all other purchases. Key benefits include TSA PreCheck or Global Entry credits up to $100 every four years, up to $100 in annual credits for airline incidentals, and a range of travel protection benefits.<\/div><div class=\"qs-tab-er active\"><ul>\r\n<li>2 points for every $1 spent on travel and dining purchases<\/li> <li>1.5 points per $1 spent on all other purchases<\/li>\r\n<\/ul>\r\n<i>Preferred Rewards members earn a 25%-75% rewards bonus on every purchase. <a href=\"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/preferred-rewards-guide\/\" =_blank>Learn more about Preferred Rewards<\/a><\/i><\/div><\/div>\n                <\/div>\n            <\/div>\n            <a class=\"qs-share\" href=\"\/find-a-card\/BOAPremium\/\" title=\"copy\"><svg width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"https:\/\/awardwallet.com\/blog\/wp-content\/themes\/awardwallet\/public\/builds\/icon\/icon-sprite.svg?v2026-6-16aa5c94ee#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div>\n<p>Another great sweet spot is with the <a data-ccid=\"3002004\" href=\"https:\/\/awardwallet.com\/credit-cards\/cash-back\/bank-of-america-customized-cash-rewards\/\">Bank of America<sup>\u00ae<\/sup> Customized Cash Rewards credit card<\/a>. This card offers up to 6% cash back on $2,500 in spending in a category of your choosing each quarter for the first 12 months (then 3%), with a very generous selection of categories. With Preferred Honors tier status, category earnings jump from 6% to 9%. This is an excellent return for a no-annual-fee card.<\/p>\n<div class=\"qs-card\" data-id=\"3002004\">\n            <div class=\"qs-data\">\n                <div class=\"qs-view\">\n                    <div class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Customized Cash Rewards credit card<\/div>\n                    <div class=\"qs-image\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/cdn.nextinsure.com\/imaging\/opt\/11937160.png\" width=\"150\" alt=\"Bank of America\u00ae Customized Cash Rewards credit card\" \/ class=\"lazyload\"><\/div>\n                    <div class=\"qs-apply\"><\/div>\n                    <div class=\"qs-rates\"><\/div>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong> $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.<\/div>\n                <\/div>\n                <div class=\"qs-info\">\n                    <strong class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Customized Cash Rewards credit card<\/strong>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong> $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.<\/div>\n                    <div class=\"qs-fee\"><strong>Annual Fee:<\/strong><b>$0<\/b><\/div>\n                    <div class=\"qs-tabs\"><a class=\"qs-more\" href=\"#more\">Show more<\/a><a href=\"\" data-tab=\"wwl\">Why We Like It<\/a><a class=\"active\" href=\"\" data-tab=\"er\">Earning Rates<\/a><div class=\"qs-tab-wwl\">The Bank of America<sup>\u00ae<\/sup> Customized Cash Rewards credit card is a $0 annual fee card that offers a tiered cash back rewards system. Cardholders can earn 6% cash back for the first year in a category of their choice, including options like gas and EV charging stations, online shopping\/cable\/internet\/phone plan\/streaming, dining, travel, drug store\/pharmacy or home improvement\/furnishing purchases (then 3%). Additionally, the card offers 2% cash back at grocery stores and wholesale clubs. However, the 6% and 2% cash back rates apply only to the first $2,500 in combined purchases each quarter, after which the rate drops to 1% (after the 3% first-year bonus offer ends, you will earn 3% and 2% cash back on these purchases up to the quarterly maximum).<\/div><div class=\"qs-tab-er active\"><ul>\r\n<li>6% cash back for the first year in the category of your choice: gas and EV charging stations, online shopping\/cable\/internet\/phone plan\/streaming, dining, travel, drug store\/pharmacy purchase, or home improvement\/furnishing purchases, then 3% after the first year of card membership*<\/li>\r\n<li>2% cash back at grocery stores and wholesale clubs*<\/li>\r\n<li>1% cash back on all other purchases<\/li>\r\n<li>* You'll earn 6% and 2% cash back on the first $2,500 in combined choice category\/grocery store\/wholesale club purchases each quarter, then earn 1%. After the 3% first-year bonus offer ends, you will earn 3% and 2% cash back on these purchases up to the quarterly maximum.<\/li>\r\n<\/ul><\/div><\/div>\n                <\/div>\n            <\/div>\n            <a class=\"qs-share\" href=\"\/find-a-card\/BOACashRewards\/\" title=\"copy\"><svg width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"https:\/\/awardwallet.com\/blog\/wp-content\/themes\/awardwallet\/public\/builds\/icon\/icon-sprite.svg?v2026-6-16aa5c94ee#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div>\n<h2 data-pm-slice=\"1 1 [&quot;bulletList&quot;,null,&quot;listItem&quot;,null]\"><span id=\"Maximize_Your_Credit_Card_Earnings_With_BofA_Rewards\">Maximize Your Credit Card Earnings With BofA Rewards<\/span><\/h2>\n<p>If you are able to deposit $100,000 or more in funds and assets with Bank of America and Merrill, you can supercharge your earning rates on all of your Bank of America credit cards. Earning an uncapped 50% boost on each purchase can put significant additional rewards in your pocket.<\/p>\n<p>Using these higher cash-back rates is also a simple way to keep track of your rewards. While you can do better in some instances with various rewards programs, this can be confusing and time-consuming for some. Maximizing your redemptions takes time and skill, but cash back is as easy as it gets.<\/p>\n<h2><span id=\"Bottom_Line\">Bottom Line<\/span><\/h2>\n<p>You have to keep your money somewhere. Keeping it with Bank of America and Merrill to unlock top credit card rates can make sense for those who qualify.<\/p>\n<p>The benefits are tangible, offering lower fees and interest rates, as well as extra earnings when you use your credit card.\u00a0 For those who qualify for higher tiers with BofA Rewards, it could be worth the paperwork to move your assets, given the available benefits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America just relaunched its &#8220;Preferred Rewards&#8221; program as the &#8220;BofA Rewards&#8221; program. Although there are notable changes, the program still rewards customers with various bonuses and discounts, based on the amount of money they keep in Bank of America or Merrill Lynch accounts. The more you have in your accounts, the more you earn \u2014 including up to 75% boost to the earnings through your Bank of America credit cards.<\/p>\n","protected":false},"author":81,"featured_media":130818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"default","_threads_share_type":"default","_google_business_share_type":"default","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[12068],"tags":[12789,12704],"coauthors":[36435,36395],"class_list":["post-134624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-award-programs","tag-bank-of-america","tag-bank-of-america-rewards"],"acf":[],"_links":{"self":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/134624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/users\/81"}],"replies":[{"embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/comments?post=134624"}],"version-history":[{"count":23,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/134624\/revisions"}],"predecessor-version":[{"id":264637,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/134624\/revisions\/264637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/media\/130818"}],"wp:attachment":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/media?parent=134624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/categories?post=134624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/tags?post=134624"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/coauthors?post=134624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}