Preferred Rewards members can earn up to % cash back, although this will require having quite a bit of money in the bank. Earning. Platinum Honors: % cash back on every purchase, % at grocery stores and wholesale clubs, and % on gas (choice category after 1/. Each card's 2% category is now worth %, and the 3% category now earns % cash back!
Bank of america 5.25 cash back card -
Bank of America announced some new changes that will take effect January 14th, Before it was only gas. You can change your category once each calendar month in-app or online. Do nothing and it will stay the same.
See link for details. See details below. No annual fee. Preferred Rewards bonus. The Preferred Rewards program is designed to rewards clients with multiple account and higher assets located at Bank of America banking, Merrill Edge online brokerage, and Merrill Lynch investment accounts.
Merrill Lynch advisory accounts also usually come with management fees. The sweet spot is if you have brokerage assets like stocks, mutual funds, and ETFs.
In this case, moving them over to Merrill Edge may actually reduce your costs because at the Platinum and Platinum Plus levels they will actually give you 30 to free online stock trades every month. I realize not everyone will have this level of assets to move around, but if you do then it is worth considering.
If you are opening a new Merrill Edge account, check out the current Merrill Edge brokerage sign-up bonus. Platinum: 1. Gold: 1. For my personal spending, I like the idea of getting up to 3. Costco only takes Visa while the current application picture indicates a Mastercard past versions have been Visa.
If you have a Mastercard, you could try and call them and request to switch to a Visa version of the card instead of a Mastercard. I also like the idea of getting up to 5. This is finally a case where bundling services actually worked out for me.
Bank of America has managed to convince me to go from only having a checking account with them to now also having a Merrill Edge brokerage account with free trades per month and a Bank of America credit card. Not all Bank of America consumer credit cards qualify for Preferred Rewards. The Travel Rewards credit card is actually a better everyday card in my opinion assuming you have at least some travel purchases to offset , but this card exceeds that card in the special categories.
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