Learn more about methodology at Newsweek. The awarded loyalty programs each received an above average overall score. The survey was conducted on retailers and service providers from 32 categories, providing results for a broad spectrum of loyalty programs in traditional retail, online retail, and service segments. Loyalty programs were defined as all reward programs that provided the customer with a benefit when purchasing or using the products or services of the associated brands. Customers were given the opportunity to evaluate various loyalty programs: in total around 16,000 evaluations were collected.

customers who are members of loyalty programs of retailers or service providers in the United States. The 2023 ranking of America’s Best Loyalty Programs was compiled based on the results of an independent survey of more than 4,000 U.S. Refer to CEBI Program for details.ġ The Preferred Rewards program was presented with the prestigious Best Loyalty Program award by Newsweek and Statista, Inc. Employees of companies participating in the Bank of America Employee Banking and Investing Program may be eligible to participate on customized terms. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Bank of America employee qualification requirements, please call Employee Financial Services or visit refer to the Bank of America intranet site. Bank of America Private Bank clients qualify to enroll in the Diamond Tier regardless of balance, and may qualify for the Diamond Honors tier based on their qualifying Bank of America Merrill and Private Bank balances. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements.

Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. a current combined balance, provided that you enroll at the time you open your first eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account. a three-month combined average daily balance in your qualifying deposit and investment accounts, or You can satisfy the combined balance requirement for enrollment with either: Balances include your combined, qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). The balance tiers are $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Preferred Rewards Program Eligibility: You can enroll, and maintain your membership, in the Bank of America Preferred Rewards® program if you have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers.

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