Bank of America Premium Rewards Benefits PDF Free Download

Bank of America Premium Rewards Benefits PDF Download Info

Bank of America Premium Rewards Benefits PDF Free Download, bank of america premium rewards rental car insurance, bank of america elite credit card, bank of america metal card.

Book overview

   The Bank of America Preferred Rewards program offers real benefits and rewards on everyday banking and investing. To qualify, you need to have an eligible Bank of America® personal checking account and a three-month combined average daily balance of $20,000 or more in qualifying Bank of America deposit accounts and/or Merrill® investment accounts. There are no fees to join or participate in Preferred Rewards, and as your balances qualify you for the next level of rewards, you’ll receive an automatic tier upgrade. The value to you will be determined by all the ways you can utilize the benefits. Preferred Rewards benefits include interest rate discounts, credit card rewards bonuses, no-fee ATM transactions, and Merrill Guided Investing Program discounts.

   To become a Preferred Rewards member, you must have an active, eligible Bank of America® checking account. To take advantage of some Preferred Rewards benefits, you may need to convert an existing savings account to a Bank of America Advantage Savings account or open a new credit card account.

   The Bank of America Preferred Rewards program offers 25% to 75% more rewards on every purchase made with eligible Bank of America® credit cards. It is designed to offer benefits based on the breadth of a client’s relationship with Bank of America and Merrill. Benefits become active within 30 days of enrollment and are automatically activated upon the effective date of enrollment. After you enroll, you can move to a higher Preferred Rewards tier by increasing your qualifying Bank of America deposit and/or Merrill® investment balances.

Summary Bank of America Premium Rewards Benefits

   Earn unlimited points with flexible redemption options, 50,000 bonus points, travel statement credits, Airline Incidental Statement Credits, Airport Security Statement Credits, and no foreign transaction fees. My Rewards is a convenient place to track your Preferred Rewards benefits, credit card rewards and BankAmeriDeals® benefits, as well as your three-month average daily balance. If your balances dip temporarily, you’ll keep your Preferred Rewards program status for a full year, but if you no longer meet the balance requirement, you’ll be moved to a lower tier or lose your benefits. If you meet the balance requirements again within 24 months, you’ll automatically reinstate your membership. Preferred Rewards members are eligible for no-fee services such as monthly maintenance fees, ATM/Debit card rush fees, ATM international transaction fees, incoming wire transfer fees, check image service fees, stop payment fees, small safe deposit boxes, and more. They must have a minimum combined balance of $20,000 in eligible Bank of America deposit accounts and/or Merrill® investment accounts within 30 days of opening the checking account.

   The Preferred Rewards auto loan interest rate discount only applies to new loan applications that are submitted directly to Bank of America. To enroll in the program, businesses must have an eligible Bank of America personal checking account and a three-month combined average daily balance of $20,000 or more. To meet the minimum balance requirement, businesses can move money over from accounts at other banks or investment firms.

Preferred Rewards Program Eligibility

   The Bank of America Preferred Rewards program requires customers to have an active, eligible personal checking account with Bank of America and maintain the balance required for one of the balance tiers in their combined qualifying Bank of America deposit accounts and/or Merrill investment accounts. Eligibility to enroll is generally available three or more business days after the end of the calendar month and benefits become effective within 30 days of enrollment.

   Preferred Rewards members with eligible Bank of America® credit cards can receive a Preferred Rewards bonus of 25%, 50%, 75%, or 75% for the Gold tier, Platinum tier, or Platinum Honors, Diamond or Diamond Honors tier on each purchase. The bonus is not applied to any account opening bonus, if applicable, and does not apply to the bonus earn for certain programs. The Lifestyle benefits are provided by third party vendors not affiliated with Bank of America and are the responsibility of the third party vendor and not of Bank of America, but by contacting them to take advantage of an offer you will identify yourself as a Bank of America client.

   To receive the full Diamond and Diamond Honors tier interest rate reduction, borrowers must have an eligible loan and enroll in PayPlan 10 days prior to loan closing. For adjustable rate mortgages, discounts are applied to the interest rate only during the initial fixed-rate period.

Review

   The Bank of America® Travel Rewards credit card is an excellent option for frequent travelers who want flexible rewards but don’t want to pay an annual fee. It offers 50,000 online bonus points after making at least $3,000 in purchases in the first 90 days of account opening, unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per dollar spent on all other purchases. Rewards never expire as long as the account is open, and points can be redeemed for credit against any travel or restaurant purchase. No foreign transaction fees and a $0 annual fee are included. The Bank of America® Travel Rewards credit card offers flexible rewards, no restrictions and no blackout dates, and one of the broadest definitions of “travel” of any major issuers. It also has a 0% intro APR on purchases and 0% introductory APR on balance transfers for 18 billing cycles, and a 17.49%-27.49% Variable APR. Foreign transaction fees are none. The Bank of America® Travel Rewards credit card is a travel-friendly card that travels internationally and offers higher rewards than other flat-rate cards. It earns 3 points per dollar spent, twice the card’s usual rate, and if you’re a Preferred Rewards member, you can earn higher rewards rates. The annual fee is $95, but rewards offset the fee if you spend more than $4,750 annually. It also reimburses you for the application cost for TSA Precheck or Global Entry, and offers a higher sign-up bonus of 75,000 miles.

Bank of America Premium Rewards Benefits PDF Free Download