Wait, it’s actually 5.25% back!

TL;DR: Previously we discussed the new Bank of America credit card that gave 3% back on certain categories. However, with Preferred Rewards you could boost that to 5.25% back!

With Bank of America’s Preferred Rewards, you can get between a 25%-75% boost on credit card rewards (and some other benefits). This is calculated based on how much you’re holding in varying Bank of America accounts, with the top tier requiring $100k. The savings/checkings accounts for the most part are boring (which is why I hadn’t mentioned this benefit before), but you can use the Merrill edge investing accounts to keep that capital working!

Happy BAC’ing,

TheJKW