John Miller, Credit Cards Moderator
@john_miller
The Diamond Tier at Bank of America is the second highest level in the Preferred Rewards Program. To qualify for this elite tier, customers need to maintain a balance of $1 million to $10 million in eligible Bank of America and Merrill accounts.
Some Benefits that Diamond Tier Members Can Enjoy
- 75% rewards bonus on eligible Bank of America credit cards
- 20% interest rate booster on Advantage Savings accounts
- unlimited no-fee transactions at non-Bank of America ATMs
- 2% foreign currency exchange rate discount
This tier also provides access to a variety of luxury benefits and experiences across dining, travel, and culture, among others.
Bank of America Cash Back Rewards and Bank of America Points Rewards cards are eligible for the Diamond Tier reward bonus. This includes cards like the Bank of America® Customized Cash Rewards credit card and the Bank of America® Premium Rewards® credit card, to name a few.

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