Bank of America Rewards At-A-Glance
Bank of America Points Value | 0.5 to 1 cent |
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Can Points Be Transferred To Partners? | No. |
Bank of America is an American multinational bank based out of Charlotte, North Caronlina, USA that provides banking and financial products worldwide. They are one of the 'Big Four' banks in the United States.
Bank of America Preferred Rewards
One of the biggest benefits that sets Bank of America apart from other programs is that you can earn up to a 75% bonus based on how much you have invested with them and their partners through the Preferred Client program. This allows you to generate some of the best returns on spending available in the credit card market.
Your tier in the program will be based on a 3-month combined average daily balance bewteen all investements with Bank of America and Merrill. The table below breaks down each tier.
Tier | Investments | Bonus |
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Gold | $20K to < $50K | 25% bonus |
Platinum | $50K to < $100K | 50% bonus |
Platinum Honors Tier | $100K to < $1M | 75% bonus |
Diamond Tier | $1M to < $10M | 75% bonus |
If you don't have the money to invest with Bank of America and their partners, you'll be looking at a standard credit card rewards program.
Bank of America Credit Card Points & Value Calculators
Use our credit card calculators to calculate how many Bank of America credit card points you can earn and the cash value of Bank of America Travel Rewards and Premium Rewards credit cards based on the monthly and yearly spend amounts you enter, how much you value card benefits, and annual fees.
Bank of America® Premium Rewards® credit card

The Premium Rewards credit card earns 2X points on travel and dining purchases and 1.5X points on all other purchases. It offers up to $100 in annual airline incidental credits and up to $100 towards a TSA PreCheck or Global Entry application fee every four years.
Bank of America® Premium Rewards® Elite credit card

The Premium Rewards Elite credit card is a premium credit card that earns 2X points on travel and dining purchases and 1.5X on all other purchases. It offers $300 in annual airline incidental credits, up to $150 for lifestyle conveniences, a 20% rebate when you pay for airfare using points, airport lounge access, and more.
Bank of America® Travel Rewards credit card

The Travel Rewards credit card is a no-annual fee card that earns an unlimited 1.5X points on all purchases.
Bank of America® Business Advantage Travel Rewards World Mastercard

The Business Advantage Travel Rewards credit card earns 3X points on travel purchases made through the Bank of America® Travel Center and an unlimited 1.5X on all other purchases. It has no annual fee.
Conversion & Transfer Calculators
Bank of America Travel Rewards points and Premium Rewards points cannot be transferred to partners. Points can only be redeemed directly through Bank of America and their investment partners.
If you're looking to earn flexible rewards points that you transfer to airline, hotels, and other rewards programs to obtain more than 1 cent per point in value, you'll want to consider these programs:
- Capital One Venture Rewards & Spark Rewards - If you don't have money to invest with BoA and you're looking for a similar program, this is the best alternative option for excellent value
- American Express Membership Rewards
- Chase Ultimate Rewards
- Citi ThankYou Rewards
Bank of America Points Value Calculators
Bank of America Travel Rewards points and Premium Rewards points are worth 1 cent each on average towards travel. This means that 10,000 points is equal to $100.
Bank of America points can be redeemed towards travel, dining, cash back, and more. Find out how much your points are worth based on redemption and calculate points to dollars for each.
FAQ
How many points can you earn per $1 with Bank of America credit cards?
Bank of America credit cards offer 1.5X to 3X points per $1 spent. Depending on your investments with Bank of America, you can earn up to 3.5X points per $1 spent.
How much are Bank of America points worth?
Bank of America points are worth 1 cent each towards travel redemptions. This means that 1,000 points are equal to $10.
Who is the Bank of America Rewards program best for?
The Bank of America Rewards program is best for those who have at least $25,000 to invest with them and their partners. If you don't have money to invest, there are rewards programs that can earn you better returns.
Can you transfer Bank of America points to other programs?
No. Bank of America Premium Rewards points and Travel Rewards points cannot be transferred to other rewards programs.