Maybe you’re the friend who sets a reminder 30 days out to snag the fancy new restaurant’s impossible-to-get reservation. Or maybe you’re obsessively tracking flights for the group trip, knowing a sweet deal will make that vacation feel even, well, sweeter. Or perhaps you’re the generous host, always down to throw together a casual dinner at yours because a few rounds of $20 apps doesn’t exactly align with your long-term goals.
No matter which one sounds most like you, Bank of America wants to reward you now while helping you work toward your dream financial future. Enter BofA Rewards™. Curious how it works? There are four tiers – Member, Preferred Plus, Preferred Honors and Premier – based on your three-month combined average daily balance across eligible Bank of America deposit and Merrill investment accounts.
All members earn benefits like rewards bonuses on eligible credit cards, cash back deals, fraud and identity monitoring, and discounts on home and auto loans. And the more you grow with Bank of America, the more benefits you can unlock at the higher tiers, including subscription credits and access to premium experiences and lifestyle benefits.
This is not a credit card points program. There’s no annual fee, and your benefits are based on your entire financial relationship. The best part? It’s free to join, and there’s no minimum balance required to become a member. All you need is a Bank of America personal checking account.
Ready to get rewarded? Take the quiz to discover how the money moves you’re making already could be working harder for you at Bank of America. Head to bofa.com/bofarewards to join for free, and start unlocking benefits that grow with you. Then, check out your personalized rewards hub in the mobile app and online to make exploring and activating your new benefits ridiculously easy.
It’s finally Friday night, your paycheck just hit, and the group chat is active. What’s the move?
Banking services provided by Bank of America, N.A., Member FDIC. For full terms and conditions, visit bofa.com/bofarewards.
BofA Rewards™ Eligibility. Customers can enroll and maintain their membership in BofA Rewards™ if they have an open, qualifying Bank of America® checking account. BofA Rewards tiers are based on each customer’s combined average balance in qualifying deposit and investment accounts. The minimum balance for each tier is: Member, no minimum balance; Preferred Plus, $30,000; Preferred Honors, $100,000; and Premier, $1,000,000. When you enroll, you’ll be placed in the appropriate tier for your combined average balance and then moved to the highest tier you’re eligible for based on one of the following:
- for the 30 calendar days following your first enrollment, the combined end-of-day collected balance of your qualifying accounts (“Daily Balance”), provided that your Daily Balance remains above the required amount for a minimum of three business days; or
- subsequently, the combined average balance of your qualifying accounts calculated on the third business day of each month.
Eligible customers will be moved to the higher tier within 3 business days. New tier benefits may take up to 30 days to become effective. For full terms, including qualifying accounts and the method of calculation of average balances, refer to your Personal Schedule of Fees.
Credit Card BofA Rewards™ Bonus. Certain credit cards are eligible to receive a BofA Rewards™ bonus. Enrolled BofA Rewards members with eligible Bank of America® credit cards can receive a BofA Rewards bonus of 10% for the Member tier, 25% for the Preferred Plus tier, 50% for the Preferred Honors tier, or 75% for the Premier tier. If your card receives the 10% customer bonus, the BofA Rewards bonus will replace the 10% customer bonus. The BofA Rewards bonus for eligible cash rewards credit cards will be applied after all base and bonus cash rewards have been calculated on a purchase. For example, a $100 purchase that earns 3% ($3.00) will actually earn $3.30, $3.75, $4.50 or $5.25 based on your tier when the purchase posts to your account. For all other eligible card types, a purchase that earns 100 base points will actually earn 110, 125, 150, or 175 points, based on your tier when the purchase posts to your account. The BofA Rewards bonus also does not apply to the bonus earn for certain programs and is not applied to any account opening bonus or non-standard rewards that are part of a special offer, unless we indicate otherwise. If you enrolled in Preferred Rewards before May 26, 2026 your credit card account may be eligible for an extended card benefit. Sign in to BofA Rewards for more details. Other terms and conditions apply. Please refer to your card’s Program Rules for details about how you can receive the BofA Rewards bonus. Program Rules are mailed upon account opening and are accessible through the rewards redemption site via Online Banking or by calling the number on the back of your card. View a complete list of eligible cards.
My Credit. My Credit, including FICO® Score, is for educational purposes only and accessible through Mobile and Online Banking. Certain My Credit features, content and related material may be available only in English. You must be at least 18 years of age, be an owner or co-owner of an eligible Bank of America consumer account, have a Social Security number, and have a U.S. address in your Online Banking profile. Data connection required. Carrier fees may apply. Fraud & Identity Monitoring is available for clients enrolled in BofA Rewards™. To learn more, visit bofa.com/MyCredit.
FICO® is a registered trademark of Fair Isaac Corporation in the United States and other countries.
BofA Rewards™ Lifestyle Benefits. You must be enrolled in the BofA Rewards™ program’s Preferred Honors or Premier tiers to be eligible for lifestyle benefits or experiences. Lifestyle benefits are provided by third-party vendors not affiliated with Bank of America®. Terms and fulfillment of the offers are the responsibility of the third-party vendors, not of Bank of America. Bank of America does not provide your customer information to the third-party vendor, but by contacting them to take advantage of an offer you will identify yourself as a Bank of America customer. Some offers may be open only to a limited number of BofA Rewards members. Offers can change without notice. You must be 21 years of age or older to participate in offers which include alcohol.
Investing involves risk. There is always the potential of losing money when you invest in securities.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.
