Bank of America Better Balance Rewards is one of the most popular rewards programs in the market today. This program allows you to earn cashback rewards for maintaining a low balance on your credit card account. If you are looking for a way to save money while still enjoying the benefits of a credit card, this program might be the perfect fit for you. In this article, we will take a closer look at how Bank of America Better Balance Rewards works, and how you can use it to your advantage.
What is Bank of America Better Balance Rewards?
Bank of America Better Balance Rewards is a rewards program offered by Bank of America for their credit card customers. This program allows you to earn cashback rewards for maintaining a low balance on your credit card account. The rewards are calculated based on the average daily balance of your account over a period of three months. If you maintain a balance of $1 or less, you can earn a cashback reward of $25 every quarter. This means that you can earn up to $100 in cashback rewards every year just by keeping your credit card balance low.
The Bank of America Better Balance Rewards program is available for both personal and business credit cards. To enroll in the program, you need to have a Bank of America credit card and a Bank of America checking account. Once you have enrolled in the program, you can start earning cashback rewards by maintaining a low balance on your credit card account.
How to Enroll in Bank of America Better Balance Rewards
Enrolling in Bank of America Better Balance Rewards is easy. Here are the steps you need to follow:
Step 1: Log in to your Bank of America account
The first step to enrolling in Bank of America Better Balance Rewards is to log in to your Bank of America account. You can do this by visiting the Bank of America website and entering your username and password.
Step 2: Click on "Rewards"
Once you have logged in to your account, click on the "Rewards" tab. This will take you to the rewards page, where you can see all the rewards programs offered by Bank of America.
Step 3: Enroll in Better Balance Rewards
Scroll down the rewards page until you see the "Better Balance Rewards" program. Click on the "Enroll" button to enroll in the program. You will need to provide some basic information about yourself and your credit card account to complete the enrollment process.
How to Earn Cashback Rewards with Bank of America Better Balance Rewards
Earning cashback rewards with Bank of America Better Balance Rewards is easy. All you need to do is maintain a low balance on your credit card account. Here are some tips to help you earn more cashback rewards:
Tip 1: Set up automatic payments
Setting up automatic payments is a great way to ensure that you never miss a payment and maintain a low balance on your credit card account. You can set up automatic payments through your Bank of America account or through your bank's online banking system.
Tip 2: Use your credit card for small purchases
Using your credit card for small purchases, such as groceries or gas, can help you maintain a low balance on your account. Just make sure that you pay off your balance in full every month to avoid interest charges.
Tip 3: Pay off your balance early
Paying off your balance early can also help you maintain a low balance on your account. If you have extra money at the end of the month, consider putting it towards your credit card balance to earn more cashback rewards.
Conclusion
Bank of America Better Balance Rewards is a great way to save money while still enjoying the benefits of a credit card. By maintaining a low balance on your credit card account, you can earn cashback rewards that can add up to hundreds of dollars every year. If you are a Bank of America credit card customer, be sure to enroll in this program and start earning rewards today.
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