Update 5/25/26: This was originally going live on 5/25, which has been changed to 5/27 when you click on the app.
Update 2/19/26: Two additional minor things based in the official press release:
Original post 2/26/17:
Bank of America announced that the reward tier names will change in Maybut not what the changes were. Then they announced that there will be new incentives for people with high balances DESIGNATED.
We finally have details of the changes and it’s not good news. Here’s what you need to know (% in parentheses indicates credit card bonus):
- Current levels:
- No Tier: $0-$19,999 (10% with active checking account)
- Gold – $20K – $49.99K (25%)
- Platinum – $50K – $99.99K (50%)
- Platinum Honors – $100k-$999.99k (75%)
- Diamond – $1 million + (75%)
- New levels:
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Member – $0-$29.99k (10%)
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Preferred Plus – $30k-$99.99k (25%)
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Preferred Honors – $100k-$999.99k (50%)
-
Premier – $1 million + (75%)
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The major reduction is the 75% credit card bonus earning, now requires $1,000,000 in funds, previously this was only $100,000. I was really hoping we wouldn’t see this program nerfed so badly. It’s hard to justify keeping that much invested with Bank of America, especially when you consider the opportunity cost of following brokerage bonuses.
According to the fine print business program it’s not getting nerfed (at least not yet). In addition, current customers will keep their benefits for at least six months after the changes come into effect in May 2026.
Positive changes
There is some good news though with a new subscription credit being added.
Charges must be made to debit card, list of eligible merchants not available.
