3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs (on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter) and 1% cash back on all other purchases
Bank of America Preferred Rewards® members earn 25%-75% more cash back on every purchase. That means the 3% choice category could earn 3.75% – 5.25% and the 2% at grocery stores and wholesale clubs could earn 2.50% – 3.50%, for the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, and the 1% for all other purchases could earn 1.25% – 1.75%. Not enrolled?