UPDATED MAY 28
Bank of America Preferred Rewards overhaul lowers bonuses, raises requirements
Bank of America has replaced its Preferred Rewards program with BofA Rewards, reducing credit card bonus earning rates for existing Platinum and Platinum Honors members while raising minimum deposit requirements. The new program also introduces monthly subscription credits for Preferred Honors and Premier tiers.
01/ Sources
- 01Reminder: Bank of America Overhauling Preferred Rewards — BofA Rewards Program Launches Tomorrowupgradedpoints.com·May 26May 26Read
- 02Bank of America Adding Subscription Credits for BofA Rewards Membersmilestomemories.com·May 28May 28Read
- 03(Now live) Negative Bank of America Preferred Rewards changes: Lower bonus rewards, higher eligibility requirementsfrequentmiler.com·May 28May 28Read
