{"id":25743,"date":"2026-02-19T01:46:06","date_gmt":"2026-02-19T01:46:06","guid":{"rendered":"https:\/\/finderica.com\/?p=25743"},"modified":"2026-02-19T01:46:06","modified_gmt":"2026-02-19T01:46:06","slug":"bank-of-america-announces-changes-to-loyalty-program","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=25743","title":{"rendered":"Bank of America Announces Changes to Loyalty Program"},"content":{"rendered":"
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Bank of America\u00ae is making changes to its loyalty program, including a new name, new program tiers and a shift in credit card rewards bonuses for some cardholders, among others. In short, while it’ll be much easier to qualify for the program, it may be harder for some existing members to maintain their current status tiers.<\/span><\/p>\n<\/div>\n

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The program, previously called <\/span>Bank of America\u00ae Preferred Rewards<\/span>, is dropping the \u201cPreferred\u201d from its name and will be called the BofA Rewards\u00ae program. The new program will launch on May 27, 2026, and customers who are Preferred Rewards members will be automatically changed to BofA Rewards\u00ae on or around that date. <\/span><\/p>\n<\/div>\n

It will be available to more customers<\/span><\/h2>\n
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Previously, to qualify for the bank\u2019s loyalty program, customers needed to have a three-month average balance of $20,000 or more across qualifying Bank of America\u00ae and eligible Merrill investment accounts.<\/span><\/p>\n<\/div>\n

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Now, all Bank of America\u00ae customers with a personal checking account with the bank will be able to join BofA Rewards\u00ae and get access to benefits like a credit card rewards boost. <\/span><\/p>\n<\/div>\n

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While there will no longer be a balance requirement to join the program, customers will still need to keep a considerable amount of money with Bank of America\u00ae to qualify for the next-highest rewards tier. <\/span><\/p>\n<\/div>\n

There will be new rewards tiers<\/span><\/h2>\n
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Currently, the Preferred Rewards program has four tiers: Gold, Platinum, Platinum Honors and Diamond Honors. Your combined balances with Bank of America\u00ae determine which tier you’re in, and that tier determines how much of a boost you get in your credit card rewards.<\/span><\/p>\n<\/div>\n

How the current program works<\/span><\/h3>\n
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The program\u2019s new rewards tiers will be labeled as follows:<\/span><\/p>\n<\/div>\n

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