Those who want more flexibility in the kinds of awards, such as merchandise or cash back, might
prefer a bank rewards card.
Not exact matches
«Americans want
rewards that recognize them for their everyday
banking actions, including daily spending, as well as activities they consider more responsible investment behaviors, such as investing for retirement,» says Aron Levine, head of
preferred banking at Merrill Edge, a division of
Bank of America.
This may be a great alternative for those consumers who appreciate online
banking, who
prefer to use ATMs (without fees) and who would like to enjoy card
rewards but are averse to using a credit card.
Alternatively, if you don't want the travel
rewards and would just prefer cash rewards, you can downgrade to the Bank of America Cash Rewards card with no annu
rewards and would just
prefer cash
rewards, you can downgrade to the Bank of America Cash Rewards card with no annu
rewards, you can downgrade to the
Bank of America Cash
Rewards card with no annu
Rewards card with no annual fee.
But when you've been
banking for three years or more, and maintain a balance between $ 100,000 and $ 250,000, you'll earn travel
rewards and discounts such as hotel
preferred pricing, theme park discounts, discounts on car rentals and exclusive hotel perks and amenities.
If you
prefer travel
rewards, the Bank of America ® Travel Rewards Credit Card offers a 10 % customer points bonus on every purchase when you have an active Bank of America ® checking or savings a
rewards, the
Bank of America ® Travel
Rewards Credit Card offers a 10 % customer points bonus on every purchase when you have an active Bank of America ® checking or savings a
Rewards Credit Card offers a 10 % customer points bonus on every purchase when you have an active
Bank of America ® checking or savings account.
preferred rewards,
bank of america
preferred rewards,
bank rewards,
banking rewards,
rewards banking
Your
preferred rewards tier is based on qualifying combined balances in your
Bank of America
banking and / or Merrill Edge and Merrill Lynch investment accounts: 25 % bonus for having $ 20k with them (1.875 x), 50 % bonus for $ 50k (2.25 x), or a 75 % bonus for $ 100k (2.625 x).
Bank of America's
preferred rewards program is where it becomes interesting for ongoing spend.
Though
bank rewards points are usually maximized by transferring them for premium redemptions, many «regular» folks
prefer to use their points to go visit the family in Iowa for the holidays, which means transferability isn't as vital.
If you're looking for a basic cash back card to use on general purchases and don't want to bother with a complicated
rewards scheme, the new Wells Fargo Cash Wise Visa Card is a good choice — particularly if you already
bank with Wells Fargo and would
prefer a card from the same
bank.
If you
prefer travel
rewards, a cash back card will be nice but you can't
bank those
rewards points up for a future trip.
Keep in mind you are also going to want to consider whether you
prefer rewards in cash,
bank reward points or some other type of
reward.
If you
prefer to earn cash back on your purchases, check out our review of
Bank of America ® Cash
Rewards credit card with which you can earn cash back for each dollar you spend on purchases.