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Introduction

  • Outgoing domestic wire transfer fees are waived for Diamond tier members (up to two per statement cycle).

  • For other tiers, the standard fee for outgoing domestic wire transfers applies.

  • The standard fee for outgoing domestic wire transfers at Bank of America is generally $30.

  • Preferred Rewards members in the Platinum tier and above have incoming wire transfer fees waived.

Preferred Rewards Tiers [1]

  • Gold: $20,000 to $49,999.99 in combined balances.

  • Platinum: $50,000 to $99,999.99 in combined balances.

  • Platinum Honors: $100,000 to $999,999.99 in combined balances.

  • Diamond: $1 million to $9,999,999.99 in combined balances.

  • Diamond Honors: $10 million and up in combined balances.

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Benefits of Each Tier [1]

  • Gold: 5% savings account interest rate booster, 25% credit card rewards bonus.

  • Platinum: 10% savings account interest rate booster, 50% credit card rewards bonus.

  • Platinum Honors: 20% savings account interest rate booster, 75% credit card rewards bonus.

  • Diamond: 20% savings account interest rate booster, 75% credit card rewards bonus, exclusive access to experiences.

  • Diamond Honors: 20% savings account interest rate booster, 75% credit card rewards bonus, exclusive access to experiences.

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Enrollment Requirements [2]

  • Must have an eligible Bank of America personal checking account.

  • Must maintain a three-month combined average daily balance of at least $20,000 in eligible Bank of America deposit accounts and/or Merrill investment accounts.

  • Eligible accounts include checking, savings, money market accounts, CDs, IRAs, Merrill investment accounts, and 529 plans.

  • Business accounts do not qualify for the personal Preferred Rewards program.

  • Early enrollment is available if you open an eligible checking account and meet the $20,000 balance requirement within 30 days.

Additional No-Fee Services [2]

  • Monthly maintenance fees are waived on checking and savings accounts for up to four accounts for Gold, Platinum, and Platinum Honors tiers; unlimited for Diamond tier.

  • ATM/Debit card rush fees are waived for all Preferred Rewards tiers.

  • Non-Bank of America ATM fees are waived for withdrawals and transfers at the Platinum tier and above.

  • ATM international transaction fees are waived for Diamond tier.

  • Stop payment fees are waived for all Preferred Rewards tiers.

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Credit Card Rewards Bonus [2]

  • Preferred Rewards members earn 25% to 75% more rewards on every purchase made with eligible Bank of America credit cards.

  • The bonus percentage depends on the Preferred Rewards tier: 25% for Gold, 50% for Platinum, and 75% for Platinum Honors and above.

  • Eligible credit cards include the Unlimited Cash Rewards, Customized Cash Rewards, Travel Rewards, and Premium Rewards® cards.

  • A purchase that typically earns $1.00 in cash rewards will earn $1.25 to $1.75, depending on the Preferred Rewards tier.

  • Preferred Rewards members can also benefit from other credit card perks such as no annual fees and introductory APR offers.

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Related Videos

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