When Bank of America changed its Preferred Rewards program on May 27, 2026, rebranding it as BofA Rewards, and restructuring it so that instead of a mere $100,000 in an IRA at Merrill, you now need over $1,000,000 for the same 75% boost (now called ‘Premier’, for the 2.62% cash back), that was the beginning of the end. Like, I still have this card, do burn the $100 credit each January on United Travel Bank,…
Any securities in a Merrill account fulfill the requirements, including SEP-IRA. I just transferred an IRA, including all the securities, I had at Schwab. No trade off involved.
Merrill Edge is the best kept secret to overcome many of Bank of America’s deficiencies.
A great solo travel tip spotted this week on One Mile at a Time.
