{"id":264831,"date":"2026-07-09T14:00:37","date_gmt":"2026-07-09T14:00:37","guid":{"rendered":"https:\/\/awardwallet.com\/blog\/?p=264831\/"},"modified":"2026-07-09T05:49:08","modified_gmt":"2026-07-09T05:49:08","slug":"how-to-use-the-new-bofa-rewards-monthly-subscription-credits","status":"publish","type":"post","link":"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/bofa-rewards-subscription-credits\/","title":{"rendered":"How to Use the New BofA Rewards Monthly Subscription Credits"},"content":{"rendered":"<p><a target=\"_blank\" href=\"https:\/\/awardwallet.com\/news\/bank-of-america\/preferred-rewards-to-become-bofa-rewards\/\" rel=\"noopener\">BofA Rewards<\/a> \u2014 formerly known as Bank of America Preferred Rewards \u2014 is rolling out a handful of new benefits as part of its rebrand. One of the more practical additions is a new monthly subscription credit for higher-tier members.<\/p>\n<p>This won\u2019t be useful for everyone. For starters, you\u2019ll need to qualify for one of BofA Rewards\u2019 upper tiers, which requires a meaningful amount of eligible assets with Bank of America or Merrill. And even then, the benefit comes with a few hoops: You\u2019ll need to enroll, use the right debit card, and pay for one of a limited number of eligible subscriptions.<\/p>\n<p>Still, if you already qualify for Preferred Honors or Premier status, this is an easy way to offset up to $180 per year in subscription costs. Here\u2019s what you need to know.<\/p>\n<h2><span id=\"How_the_BofA_Rewards_Subscription_Credit_Works\">How the BofA Rewards Subscription Credit Works<\/span><\/h2>\n<p>BofA Rewards is Bank of America\u2019s relationship rewards program for customers with qualifying assets at Bank of America or Merrill. The program can be particularly valuable for those who also use a Bank of America cash-back credit card, as eligible members can boost their credit card rewards by as much as 75%.<\/p>\n<p>But credit card earning bonuses aren\u2019t the only benefits. As part of the refreshed BofA Rewards program, higher-tier members can now receive monthly statement credits toward select subscription services.<\/p>\n<p>The new subscription credit is available to members in these two tiers:<\/p>\n<ul>\n<li><strong>Preferred Honors:<\/strong> Members with at least $100,000 in qualifying assets receive up to $96 per year in credits, issued as up to $8 per month.<\/li>\n<li><strong>Premier:<\/strong> Members with at least $1 million in total assets receive up to $180 per year in credits, issued as up to $15 per month.<\/li>\n<\/ul>\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 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\"><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?v2026-7-7d0fc14f1#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div>\n<h3><span id=\"Which_subscriptions_are_eligible\">Which subscriptions are eligible?<\/span><\/h3>\n<p>Eligible subscription services currently include:<\/p>\n<ul>\n<li>Paramount+<\/li>\n<li>SiriusXM<\/li>\n<li>The Wall Street Journal<\/li>\n<li>The Economist<\/li>\n<\/ul>\n<p>That list is fairly limited, but it does cover a mix of entertainment, audio, and news subscriptions. If you already pay for one of these services, the benefit could be close to automatic savings once you set it up correctly.<\/p>\n<h2><span id=\"How_to_Use_the_BofA_Rewards_Subscription_Credit\">How to Use the BofA Rewards Subscription Credit<\/span><\/h2>\n<p>To receive the subscription credit, BofA Rewards members must first accept the full terms of the benefit. This needs to be done through the dedicated subscription credit page inside the BofA Rewards portal.<\/p>\n<p>After enrolling, members must pay for eligible subscriptions using a Bank of America debit card tied to the checking account designated on the subscription credit benefit page. That detail is important: Paying with a Bank of America credit card \u2014 or any other rewards card \u2014 won\u2019t trigger the credit.<\/p>\n<p>That makes the benefit less straightforward than some credit card subscription credits. You\u2019ll need to give up the rewards, purchase protections, or category bonuses you might otherwise earn by paying with a credit card. For a small monthly subscription, that tradeoff may not matter much. But it\u2019s still worth noting before you update your payment method.<\/p>\n<figure id=\"attachment_264875\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/458\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-264875 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-01-124627-900x687.png\" alt=\"Large blue cube with the Paramount+ logo on front and a dark background. \" width=\"600\" height=\"458\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-01-124627-900x687.png 900w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-01-124627-750x573.png 750w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-01-124627-768x586.png 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-01-124627.png 935w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Credit: BoliviaInteligente\/ Unsplash<\/em><\/enter><\/figure>\n<h2><span id=\"Our_Take\">Our Take<\/span><\/h2>\n<p>The new BofA Rewards subscription credit is a nice incremental perk, but it probably won\u2019t be the reason anyone moves assets to Bank of America or Merrill. The real value of BofA Rewards still comes from the elevated earning rates on eligible Bank of America credit cards \u2014 especially for those who can qualify for the 75% rewards bonus.<\/p>\n<p>That said, the subscription credit is worth using if you already qualify. Preferred Honors members can save up to $96 per year, while Premier members can save up to $180 per year. If you already subscribe to Paramount+, SiriusXM, The Wall Street Journal, or The Economist, this can put a small amount of money back in your pocket each month.<\/p>\n<p>The main downside is that you must enroll and pay with an eligible Bank of America debit card. That\u2019s less convenient than simply receiving a credit on a rewards credit card, and it means giving up any credit card rewards you\u2019d otherwise earn on the purchase.<\/p>\n<div id=\"ftoc\"><div id=\"toc_container\" class=\"toc_light_blue no_bullets\"><p class=\"toc_title\">Page Contents<\/p><ul class=\"toc_list\"><li><a href=\"#How_the_BofA_Rewards_Subscription_Credit_Works\">How the BofA Rewards Subscription Credit Works<\/a><ul><li><a href=\"#Which_subscriptions_are_eligible\">Which subscriptions are eligible?<\/a><\/li><\/ul><\/li><li><a href=\"#How_to_Use_the_BofA_Rewards_Subscription_Credit\">How to Use the BofA Rewards Subscription Credit<\/a><\/li><li><a href=\"#Our_Take\">Our Take<\/a><\/li><\/ul><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BofA Rewards has added a new monthly subscription credit for Preferred Honors and Premier members. Eligible members can receive up to $180 per year for select services, but there are a few hoops to jump through first. Here\u2019s how to enroll, which payment method to use, and how to make sure you don\u2019t miss out on this new perk.<\/p>\n","protected":false},"author":94,"featured_media":138887,"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":[12704],"coauthors":[36490],"class_list":["post-264831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-award-programs","tag-bank-of-america-rewards"],"acf":[],"_links":{"self":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/264831","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\/94"}],"replies":[{"embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/comments?post=264831"}],"version-history":[{"count":15,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/264831\/revisions"}],"predecessor-version":[{"id":269224,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/264831\/revisions\/269224"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/media\/138887"}],"wp:attachment":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/media?parent=264831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/categories?post=264831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/tags?post=264831"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/coauthors?post=264831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}