Bank Of America Better Balance Rewards Reddit

We get a commission from partner links on Forbes Advisor. Commissions have no bearing on our editors' thoughts or ratings. Many financial institutions provide incentive schemes to entice consumers to conduct more business with them. Customers with several deposit accounts, credit accounts, and maybe a mortgage or auto loan are often more lucrative than clients with just one account, therefore banks try to encourage customers to consolidate their banking ties. Preferred Rewards is a reward program offered by Bank of America.

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Finally, if you want a no-annual-fee credit card with straightforward rewards, the Citi Double Cash will be more valuable if you are not a Bank of America Preferred Rewards Platinum or Platinum Honors customer.

Chase Freedom Unlimited vs. Bank of America Unlimited Cash Rewards credit card