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Platinum: $50,000 or more in total assets.You'll qualify for each based on your combined average daily balance: A three-month combined average daily balance of $20,000 or more in qualifying Bank of America deposit accounts and/or Merrill investment accounts.An active, eligible Bank of America checking account.To qualify for the Bank of America Preferred Rewards program, you must have both of the following: Bank of America Preferred Rewards Program How to qualify for Bank of America's Preferred Rewards Program Depending on your holdings and the type of rewards you're looking to accumulate, it might be time to stop ignoring Bank of America Preferred Rewards. The higher your balance of total assets with the bank, the more perks you can unlock, including with its credit cards.
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That's because Bank of America designed its Preferred Rewards program to incentivize consumers to move their checking, savings, investment and retirement accounts to Bank of America and Merrill. On top of the simple banking benefits members can expect, consolidating your finances with Bank of America can also boost your cash-back earnings with some of the best Bank of America credit cards. With that in mind, let's examine the often-overlooked Bank of America Preferred Rewards® program. Luckily, using cash-back rewards in combination with your points and miles can save you even more money on your next vacation.
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While it's wonderful to redeem your points and miles for travel arrangements, such as lodging and flights, there can be many other expenses involved in planning a trip, such as car rentals, train tickets, gas and campsite fees.