Most Bank of America ® branded consumer credit cards (such as the Cash Rewards, Travel Rewards and Premium Rewards ® credit cards) are eligible to receive the Preferred Rewards bonus, as long as the card account is open with active charging privileges. In addition, your balances are reviewed monthly to see if you qualify for a higher tier. To learn more about Merrill pricing, visit merrilledge.com/pricing. Calculate your potential benefits and rewards Easily see the benefits and rewards you get with the Preferred Rewards for Business program. Merrill Lynch, Pierce, Fenner & Smith Incorporated (“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). If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. This is not a commitment to lend. For example, Bank of America® Travel Rewards Credit Card‘s benefits guide includes auto rental collision waivers — even though its application page doesn’t list the benefit. If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. Please speak with your Merrill Lynch financial advisor or Bank of America Private Bank advisor for more information. Terms and conditions apply. Bank of America cash rewards (and related Preferred Rewards program bonuses) can be applied as statement credits or deposited directly into Bank of America checking and/or savings accounts. Merrill Lynch® clients with an active, eligible Bank of America® personal checking account and a three-month combined average daily balance of at least $20,000 can enroll in Preferred Rewards. Once you are a Preferred Rewards member, you’ll keep your program benefits for at least a full year, so no need to worry if your balances dip temporarily. "Get more rewards with your everyday banking", Premium Rewards, Merrill, Merrill Edge, Merrill Lynch, the Bull Symbol, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. And as your qualifying balances grow, so do your benefits. © 2020 Bank of America Corporation. Bank of America . To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. That includes IRAs. All rights reserved. If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. The combined balance is calculated based on your average daily balance for a three calendar month period. And because the combined balances requirement can be met with retirement or investment accounts as well, they might be within reach for you or your family. This can include a 25% to 75% points and cash back boost on qualified Bank of America … Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Preferred Rewards Gold tier members enjoy:- No fees on ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies and incoming domestic wire transfers- Overdraft Protection transfer fees waived from your linked savings accounts, secondary checking accounts or from a Home Equity Line of Credit- See the Personal Schedule of Fees for more information. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Preferred Rewards cardholders earn additional bonuses as high as 25 percent to 75 percent. We strive to provide you with information about products and services you might find interesting and useful. This is not a commitment to lend. Please speak with your Merrill Lynch financial advisor or Bank of America Private Bank advisor for more information. If you have a Bank of America cash back or travel rewards card, you have to know about Bank of America Preferred Rewards. There are costs associated with owning ETFs and mutual funds. Merrill can help you find what may best fit your needs: rolling it over to an IRA, maintaining it in a 401(k) with a new or former employer or cashing out. Once you enroll, your balances grow, so do your benefits. If your credit card receives the 10% customer bonus, the Preferred Rewards bonus will replace the 10% customer bonus. when you have an eligible checking account, and a three-month combined average daily balance, It can be transferred from existing accounts. Be sure to review your Rollover IRA choices at merrilledge.com/retirement/rollover-ira or call a Merrill Edge specialist at 888.637.3343 for additional information about your choices. The most enticing feature is this: Up to a 75% bonus on all credit card rewards you earn. There are three tiers in the Preferred Rewards program – Gold, Platinum and Platinum Honors. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Relationship-based ads and online behavioral advertising help us do that. Use the sliders to enter amounts based on your Bank of America business deposit and/or Merrill Edge or Merrill Lynch business investment balances, as well as accounts at other banks and brokerage firms. Bank of America sent out an email to Preferred Rewards members that they are temporarily postponing the review process on Preferred Rewards status. There are 3 tiers in the Preferred Rewards program: Gold, Platinum and Platinum Honors. Please review the Personal Schedule of Fees, also available at your local financial center. For example, your annual program fee for your Merrill Guided Investing™ account could go from 0.45% to 0.30%. The Bank of America Preferred Rewards program offers more benefits and rewards, for account holders that conduct their everyday banking and investment activities within the bank, more than ever. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. If the interest rate on a Bank of America Advantage Savings account is 1.00%, a 10% rate booster would increase the interest rate to 1.10%, If the interest rate on a Bank of America Advantage Savings account is 1.00%, a 20% rate booster would increase the interest rate to 1.20%. For example, one benefit is a boost in the money market savings interest rate, which rises to 5 percent for Gold tier, 10 percent for Platinum tier, and 20 percent for Platinum Honors tier. Most Bank of America ® branded consumer credit cards (such as the Cash Rewards, Travel Rewards and Premium Rewards ® credit cards) are eligible to receive the Preferred Rewards bonus, as long as the card account is open with active charging privileges. Preferred Rewards Gold tier members enjoy:- No fees on ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies and incoming domestic wire transfers- Overdraft Protection transfer fees waived from your linked savings accounts, secondary checking accounts or from a Home Equity Line of Credit- See the Personal Schedule of Fees for more information. 'Get more rewards with your everyday banking', Premium Rewards, Merrill, Merrill Edge, Merrill Lynch, the Bull Symbol, Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. Bank of America recently launched a new rewards and benefit program for its best customers, called Bank of America Preferred Rewards. Become a Bank of America Preferred Rewards customer. Preferred Rewards Platinum Honors tier members enjoy:- No fees on ATM or debit card replacement including rush replacement, standard check orders, cashier's checks, Check Image Service, check copies, incoming domestic and international wire transfers, and a small safe deposit box- Overdraft Protection transfer fees waived from your linked savings accounts, secondary checking accounts or from a Home Equity Line of Credit- See the Personal Schedule of Fees for more information. If the interest rate on a Bank of America Advantage Savings account is 1.00%, a 5% rate booster would increase the interest rate to 1.05%. Bank of America Preferred Rewards clients receive 25% to 75% more rewards on purchases with select BofA credit cards. If you’re a cardholder with a Bank of America checking or savings account and a substantial bank balance, you can also enroll in Preferred Rewards. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Bank of America's Preferred Rewards Gold program is available for customers with total balances above $20,000 between their Bank of America … Preferred Rewards is a tiered program offering a variety of benefits across many Bank of America products and services. Rollovers occur when you withdraw assets from an IRA and then roll those assets back into the same IRA or into another one within 60 days. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. If you have questions or want to learn more call 888.637.3343 or consult a tax advisor. We think it’s a reminder of why you should do your homework when you’re offered something extra for being loyal. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Your money works hardest when it works together. Joining this program gets you 25% to 75% more rewards. For details on employee qualification requirements, please visit the Employee Financial Services intranet site. This is much different than programs like American Express Membership Rewards® or Chase Ultimate Rewards® as these programs focus on … When you move to a higher tier, you can earn more, save more and get more back — including extra interest on a Bank of America Advantage Savings account and a bigger rewards bonus on eligible Bank of America® credit cards. Merrill Lynch clients with a three-month combined average daily balance of at least $250,000 and an active, eligible Bank of America personal checking account and all Bank of America Private Bank clients are eligible for the Preferred Rewards for Wealth Management program. Bank of America Preferred Rewards is made to get casual Bank of America customers to convert into a loyal customer. Bank of America Preferred Rewards comes with many perks, and it is particularly valuable for customers who also have a Bank of America rewards credit card – as they can boost their earning potential. The Bank of America Preferred Rewards program is designed to attract casual Bank of America (BofA) clients and turn them into loyal customers. When you enroll in the Preferred Rewards program, you can get a 25% — 75% rewards bonus on all eligible Bank of America ® credit cards. Bank of America Preferred Rewards makes Bank of America credit cards a good choice for loyal customers. This is when you transfer assets from an IRA held at one financial institution to an IRA at another. To enroll in the Preferred Rewards program you must have an active, eligible Bank of America personal checking account and maintain a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier in your combined qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill ® investment … For example, your annual program fee for your Merrill Guided Investing™ account could go from 0.45% to 0.40%. Enrolling in Preferred Rewards requires you to have an eligible Bank of America personal checking account and an average daily balance of at least $20,000 in qualifying Bank of America deposit accounts and/or Merrill Edge and Merrill Lynch investment accounts for a three-calendar-month period. Relationship-based ads and online behavioral advertising help us do that. 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