BofA Rewards Expands to Millions with No-Fee Loyalty Program
Bank of America is launching BofA Rewards, a no-fee loyalty program for all clients with a Bank of America personal checking account, expanding eligibility to more than 30 million new members. Replacing the former Preferred Rewards on May 27, 2026, it features four tiers tied to a three-month balance, offering 10–75% credit-card rewards, access to 15,000+ cash-back deals, discounts on home and auto loans, enhanced identity monitoring, and up to $180/year in Premier subscription credits, plus lifestyle experiences and a redesigned digital experience in mobile app and online banking. Current Preferred Rewards members will be auto-enrolled.