Bank of America
Bank of America, N.A. · Charlotte, NC · Founded 1904
Bank of America — Preferred Rewards multipliers on eligible cards.
About Bank of America
Bank of America issues consumer and business credit cards including the Customized Cash Rewards card, Unlimited Cash Rewards, and Travel Rewards. Bank of America's Preferred Rewards program is a defining feature — customers with qualifying deposit and investment balances at Bank of America or Merrill can earn a 25% to 75% rewards bonus on eligible cards.
Strengths
- Preferred Rewards bonus of up to 75% for high-balance customers
- Flexible Customized Cash category selection
- No annual fee across a broad portion of the consumer lineup
Lineup notes
Bank of America maintains internal application rules commonly summarized as 2/3/4: no more than two new BofA cards in 30 days, three in 12 months, or four in 24 months. Confirm current terms before applying.
Frequently Asked Questions
What is the Bank of America Preferred Rewards program?
Preferred Rewards is a loyalty tier program tied to combined balances at Bank of America deposit accounts and Merrill investment accounts. Reaching Gold, Platinum, or Platinum Honors status increases the rewards multiplier on eligible credit cards by 25% up to 75%.