How do I qualify for Platinum Privileges Bank of America?
In order to qualify for Platinum Privileges status, customers will need to maintain $50,000 or more in combined balances in Bank of America deposit accounts and/or Merrill Edge investment accounts and have an active Bank of America personal checking account or an eligible Merrill Edge brokerage account.
What is a Bank of America Platinum Check Card?
Platinum Honors Tier Once you meet this criterion, you’ll receive fee-free banking services for checking and savings accounts. As a perk of Platinum Honors, you’ll also receive a rewards bonus of 75% on all eligible Bank of America credit cards.
How do you become Bank of America preferred?
To become a Preferred Rewards member you will need:
- An active, eligible Bank of America checking account.
- A three-month combined average daily balance of $20,000 or more in qualifying Bank of America deposit accounts and/or Merrill® investment accounts.
Does Bank of America have a referral program?
Financial institutions like Bank of America use referral programs to add accounts. In Bank of America’s case, the referral bonus is offered alongside a program that offers cash rewards for each signup, so the member would get $25 and the friend would receive $150.
What is Bank of America Platinum Plus Mastercard?
The Bank of America® Platinum Plus® Mastercard® Business card is a bare-bones credit card with minimal benefits. Some business owners may find the welcome bonus and introductory APR attractive. The card does not earn rewards on your purchases and charges a 3% foreign transaction fee when used internationally.
How can I get a free Bank of America account?
We’ll waive the $12 monthly fee each statement cycle that you:
- Have at least one qualifying direct deposit of $250+
- Maintain a $1,500 minimum daily balance.
- Are enrolled in Preferred Rewards (applies to first 4 checking accounts)
Is Bank of America a good Bank?
Bank of America is an acceptable bank if you want to consolidate your finances in one convenient place, but not if you’re trying to find the highest interest rate on your money. The bank delivers almost every retail bank product on the market, from checking accounts to savings, loans and credit cards.
How do I redeem my Bank of America rewards?
Best Way to Redeem Bank of America Rewards
- Sign in to your online account.
- Click on the “Rewards” tab.
- Choose your redemption option.
- Select the number of points / the amount of cash back to redeem.
- Submit your redemption request.
Why does my Bank of America Card Say preferred?
A Bank of America Preferred Rewards client is someone who averages at least $20,000 in a Bank of America checking or savings account or Merrill Edge brokerage accounts. Bank of America Preferred Rewards clients receive 25% to 75% more rewards on purchases with select BofA credit cards.
Does Bank of America have a platinum card?
Card Summary The Bank of America® Platinum Plus® Mastercard® Business card is a business credit card. It offers an introductory 0% annual percentage rate on purchases for the first seven billing cycles and a standard variable APR of 10.24% to 21.24% APR, based on your personal or your business’s creditworthiness.
What kind of rewards does Bank of America offer?
Most Bank of America ® branded consumer credit cards (such as the Unlimited Cash Rewards, Customized 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.
What are the benefits of a Bank of America preferred credit card?
When you enroll in the Preferred Rewards program, you can get a 25% — 75% rewards bonus on all eligible Bank of America®credit cards. Plus, as a Preferred Rewards member, you enjoy real benefits and rewards on your everyday Bank of America®banking and Merrill investment accounts. And as your qualifying balances grow, so do your benefits.
How to become a preferred member of Bank of America?
To become a Preferred Rewards member you will need: An active, eligible Bank of America checking account A three-month combined average daily balance of $20,000 or more in qualifying Bank of America deposit accounts and/or Merrill ® investment accounts. Once you’ve met these requirements, you must then take action to enroll.
Is there a fee for Bank of America priority service?
Priority service (888.888.RWDS), a dedicated team of specialists available to handle your product and service needs. There is no fee to join or participate in the program. A three-month combined average daily balance of $20,000 or more in qualifying Bank of America deposit accounts and/or Merrill ® investment accounts.