How to maximize Bank of America credit card rewards
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Bank of America’s credit card rewards program is straightforward and simple. It may work for loyal Bank of America customers who want to earn and redeem cashback or travel rewards without a lot of hassle.
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How to earn Bank of America credit card rewards points
Bank of America offers several credit cards that can earn you rewards. And if you’re looking for rewards bonuses and other extra perks, you can also join Bank of America’s Preferred Rewards program. All three tiers in the program — Gold, Platinum, and Platinum Honors — come with extras. Here are some credit card options to consider, along with ways to maximize your rewards.
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Join the Preferred Rewards program to earn more rewards
If you want to boost your rewards-earning potential on eligible cards by up to 75%, it may be worth considering joining Bank of America’s Preferred Rewards program. But to do so you’ll have to first qualify by having an eligible Bank of America checking account and have a minimum of $20,000 combined in qualifying Bank of America deposit accounts and/or Merrill investment accounts.
Here’s how the requirements and bonus rewards break down for each tier.
- Gold: $20,000 minimum 3-month combined average daily balance — 25% bonus rewards
- Platinum: $50,000 minimum 3-month combined average daily balance — 50% bonus rewards
- Platinum Honors: $100,000 minimum 3-month combined average daily balance — 75% bonus rewards
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