BofA Rewards tiers (formerly Preferred Rewards)

Bank of America renamed Preferred Rewards to BofA Rewards and re-tiered it during 2026. Most pages across the web still describe the old ladder — Gold, Platinum, Platinum Honors, Diamond — and people still search "Preferred Rewards," but that structure no longer exists on Bank of America's current pages. The old $50,000 Platinum line is gone entirely: $30,000 and $99,000 now receive identical benefits under Preferred Plus.

BA

Bank of America — BofA Rewards

National branch network

Preferred Plus — $30,000

$0Monthly maintenance fee on checking and savings: $0.
ATMOne non-Bank of America ATM withdrawal a month with no Bank of America fee, and the operator's fee refunded.
WireIncoming wires: $0. Outgoing wires are still charged at this tier.
CardRewards on eligible Bank of America credit cards earn 25% more.
Loan$300 off mortgage origination fees, plus a discount on home equity and auto loan rates.

Preferred Honors — $100,000

$0Monthly maintenance fee on checking and savings: $0.
ATMBank of America ATM fee at any domestic ATM: $0, with the operator's fee refunded.
WireIncoming wires: $0, domestic and international. Outgoing wires are still charged at this tier.
CardRewards on eligible Bank of America credit cards earn 50% more.
BoxA small safe deposit box at $0, and $30 off a large one.
Loan$600 off mortgage origination fees, plus a larger discount on home equity and auto loan rates.

Premier — $1,000,000

$0Monthly maintenance fee on unlimited checking and savings accounts: $0. Overdraft item fees and stop payment fees: $0.
WireWires: $0 — incoming and outgoing, domestic and international.
ATMBank of America ATM fee at any ATM worldwide: $0, and the non-Bank of America teller withdrawal fee: $0.
FXInternational transaction fee on debit card purchases abroad: $0.
CardRewards on eligible Bank of America credit cards earn 75% more.
What counts toward it: Bank of America deposit accounts and Merrill investment accounts, combined. How it is measured: Combined average balance of qualifying accounts, calculated on the third business day of each month.
Not established: The program was renamed from Preferred Rewards and re-tiered during 2026, and the old $50,000 Platinum line no longer exists — $30,000 and $99,000 now receive identical benefits. The published tier table no longer mentions a savings rate booster; whether one was removed or simply lives on a page not read here is not established, so nothing is claimed either way.
Read from bankofamerica.com — BofA Rewards on 27 August 2026

What counts, and how it is measured

BofA Rewards counts Bank of America deposit accounts and Merrill investment accounts, combined, and measures them as a combined average balance calculated on the third business day of each month — a snapshot early in the month, not an average across every day in it.

The three rungs

Preferred Plus starts at $30,000, Preferred Honors at $100,000, and Premier at $1,000,000. Between $100,000 and $1,000,000 nothing new unlocks — the widest dead zone in the ladder, and the reason somebody with $150,000 and somebody with $900,000 get the same card.

What Bank of America does not publish

The current BofA Rewards tier table no longer mentions a savings rate booster that the old Preferred Rewards structure had. Whether it was removed outright or simply lives on a page not read here is not established, so nothing is claimed either way.

Related pages