![]() ![]() *Your tier upgrade may take a bit longer if there are other changes to your account. If your average balance reached $60,000 in month seven and $90,000 in month eight, you’d qualify for the Platinum tier because your three-month average daily balance would be $60,000.*ĭivided by three months = $60,000 average daily balanceĬongratulations! You’ve qualified for the Platinum tier. You’ve been a Preferred Rewards Gold tier member for six months, with an average combined daily balance in your Bank of America and Merrill accounts of $30,000. To view your qualifying three-month combined average daily balance, log in to Online Banking or use our mobile app and go to My Rewards. Every month, we'll review your three-month average daily balance and if it’s high enough, you'll receive an automatic tier upgrade. Once you’re enrolled in Preferred Rewards, you can speak with a specialist to convert your existing savings account to a Bank of America Advantage Savings account or open a new credit card account that's eligible for the rewards bonus.Īfter you enroll, you can move to a higher Preferred Rewards tier - and enjoy more benefits and rewards - by increasing your qualifying Bank of America® deposit and/or Merrill® investment balances. An eligible Bank of America credit card, such as the Unlimited Cash Rewards, Customized Cash Rewards, Travel Rewards, or Premium Rewards® card, to receive the credit card rewards bonus.A Bank of America Advantage Savings account, to receive the savings interest rate booster.For example, for savings and credit card benefits, you'll need: To take advantage of some Preferred Rewards benefits, your existing accounts may require an account conversion, or you may want to open a new account to receive other program benefits. Once you enroll in Preferred Rewards, you can receive benefits on your existing eligible Bank of America banking and Merrill ® investing accounts. To become a Preferred Rewards member, you must have an active, eligible Bank of America® checking account. It depends on which accounts you already have. ![]()
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