As a Preferred Rewards member, you are eligible to receive an interest rate discount Auto loan preferred interest rate discount of 0.25% to 0.50% is based on reward tier and valid only for enrolled Preferred Rewards members or Preferred Rewards for Wealth Management clients at the time of auto loan application who obtain a Bank of America auto purchase or refinance loan. The maximum preferred interest rate discount on a Bank of America auto loan is 0.50%. This preferred interest rate discount is not reflected in our published rates on our website but will be reflected in the interest rate quoted upon loan approval. Discounts are only available on auto loan applications submitted by you to Bank of America and not applications submitted through dealerships. Benefit is non-transferable. Subject to credit approval. Standard underwriting guidelines and credit policies appy on a new Bank of America ​auto purchase or refinance loan. Gold – 0.25% Platinum – 0.35% Platinum Honors – 0.50% You must be enrolled in Preferred Rewards at the time of application to receive the discount. The discount will be reflected in the interest rate presented to you upon loan approval.