The Bank of America Preferred Rewards program is accessible to Bank of America customers by invitation. To qualify for an invitation, Bank of America customers must have at least one active Bank of America checking account that holds a minimum average daily balance of $20,000 or more, for three months.
Qualifying accounts include:
Bank of America Advantage Banking, savings, money market savings, CDs and IRAs
Merrill investment accounts
Merrill 529 college savings accounts
Revocable grantor trust accounts
As mentioned above, the program offers three tiers. Your tier, Gold, Platinum or Platinum Honors, will vary based on your account balance.