Bank of America® Customized Cash Rewards Program Rules

The following Program Rules provide what you need to know about the Card Program. Please review this document and keep it for reference.
If We make any changes to the Card Program, We will let you know on bankofamerica.com or by mail.

Rewards at a glance:
Base Earn* Earn Base Cash Rewards of 1% of all Net Purchases.
• Earn 2% at eligible grocery store merchants and wholesale clubs.**
• Earn 3% on purchases in one of the eligible categories you choose**: gas/electric vehicle (EV) charging (default), online shopping, dining,
Bonus Earn* travel, drug stores or home improvement/furnishings. Choice category can be changed once per calendar month for future purchases.
• Customer Bonus (if qualified): Earn 10% more Cash Rewards.***
• Preferred Rewards bonus (if qualified & enrolled): Earn 25%–75% more Cash Rewards.****
Cash Rewards
Redeem
Pay with Rewards
Minimum • No minimum for one-time redemption for Bank of America® checking or savings, CMA®, statement credit or Pay with Rewards redemptions.
Redemption • Redemptions for a check, contribution to a qualifying 529 account with Merrill and automatic redemptions start at $25.00.
Expiration As long as your Card account is open and has active charging privileges, Cash Rewards do not expire.
Forfeiture Cash Rewards are subject to forfeiture. See “How do I redeem my Cash Rewards?” for details.
* If you are enrolled in a specific Partner Rewards Offer in the Partner Rewards program, you will not earn base or bonus earn on qualifying transactions at that
specific Merchant. You will earn the Partner Rewards instead.
** You will earn 2% and 3% cash back on up to $2,500 in combined purchases in those categories each quarter, then 1% thereafter. See “How do I earn Cash
Rewards?” for details.
*** See “How do I earn the Customer Bonus?” for eligibility details.
**** Replaces Customer Bonus. See “Preferred Rewards Program” for eligibility details.

Basic terms and definitions savings account with Bank of America, N.A. or an investment account with
Merrill that has an average daily balance greater than $0
Base Cash Rewards — The Cash Rewards you will earn with each purchase
Qualifying Relationship — A Primary Cardholder or Joint Cardholder who
Billing Cycle — The period of time between monthly bills or monthly billing
has a Qualifying Account, or who is a client of Merrill Lynch, Pierce, Fenner
statements, as defined in your Credit Card Agreement
& Smith Incorporated or Bank of America Private Bank (excluding 401(k) or
Bonus Cash Rewards — The additional Cash Rewards you can earn with other employer-sponsored plans); 529 plans are included only if they appear
certain purchases, as described herein on your Merrill statement, except that 529 plans owned in UGMA/UTMA
Card — A Bank of America® Customized Cash Rewards Mastercard® or Visa® form are not included
credit card Site — The Card Program website at bankofamerica.com which includes
Card Program — The Bank of America® Customized Cash Rewards program the Mobile Banking application when available
Cardholder (also referred to as “you”) — Individual Cardholders, Joint We/Us/Our — Bank of America, N.A., the administrator and issuer of the
Cardholders and authorized users, if any, with a Card account and charging Card Program
privileges (excluding corporations, partnerships or other entities)
Cash Rewards — Rewards earned through use of the Card How do I earn Cash Rewards?
Choice Category — Purchases earn Bonus Cash Rewards made from one of There’s no limit to how much Cash Rewards you can earn.
the selected merchant types: gas/EV charging (default), online shopping, dining,
travel, drug stores, or home improvement/furnishings. Choice Category can be • Cash Rewards earnings are based on the Net Purchases charged to the
changed once per calendar month for future purchases Card during each Billing Cycle.
Customer Bonus — A 10% bonus added to the Base Cash Rewards and Bonus • Cash Rewards are calculated at each transaction.
Cash Rewards you earn on Net Purchases when you have a Qualifying • You earn Base Cash Rewards of 1% (equal to $0.01 for every $1) on all
Relationship with Us Net Purchases.
Eligible Account — A Bank of America® checking or savings account, a • You earn a total of 2% cash back (equal to $0.02 for every $1, consisting
qualifying Cash Management Account® with Merrill, or a qualifying 529 account of 1% Bonus Cash Rewards and 1% Base Cash Rewards) on Net
held at Merrill; Eligible Accounts are determined by Bank of America, N.A. Purchases made at any eligible grocery store merchants and wholesale
Joint Cardholder — Joint owner of the Card account who shares full clubs. Excluded from this bonus category are superstores and smaller
responsibility of account with the Primary Cardholder; does not include stores (like drug stores and convenience stores) that sell groceries and a
authorized users variety of other products.
Merchant — A merchant who has contracted with Us to provide a Partner • You earn a total of 3% cash back (equal to $0.03 for every $1, consisting
Rewards Offer of 2% Bonus Cash Rewards and 1% Base Cash Rewards) on Net
Net Purchases — The amount of purchases less any credits, returns and Purchases made at eligible merchants in the one Choice Category
adjustments you have selected.
Partner Rewards — The rewards that you earn while enrolled in a Partner • If you are enrolled in a specific Partner Rewards Offer in the Partner
Rewards Offer Rewards program, you will not earn base or bonus earn on qualifying
Partner Rewards Offer — An offer to you to earn Partner Rewards, instead of transactions at that specific Merchant. You will earn the Partner Rewards
your Card Program Rewards, on Net Purchases with that Merchant instead.
Pay with Rewards — The ability to redeem Cash Rewards for purchases at • Transactions resulting in fractions of Cash Rewards will be rounded up
participating online third-party merchants or service providers to the nearest whole cent if equal to or greater than $0.005 and rounded
Preferred Rewards Program — Optional benefits and rewards program, down if less than $0.005.
separate from this Card Program, available to Bank of America customers/ • We calculate and round Base Cash Rewards, Bonus Cash Rewards,
Merrill clients who have met certain deposit account and deposit/investment Customer Bonus, and Preferred Rewards bonus (if applicable) separately.
balance criteria. Qualification and enrollment requirements, and other program • Eligible merchants earning 3% Cash Rewards generally include merchants
details, are available at bankofamerica.com/preferred-rewards whose primary line of business falls under the following Choice
Primary Cardholder — First-named Cardholder on the Card account Categories: Gas/EV charging (default), Online Shopping, Dining, Travel,
Program Rules — Refers to the terms and conditions in this document, which Drug Stores, Home Improvement/Furnishings.
govern the Card Program; these Program Rules are separate from the terms of • When the new account is opened the default Choice Category is Gas/
the Credit Card Agreement provided with your Card EV charging. A new Choice Category selection can be made once per
Qualifying Account — (1) An open consumer (non-business) checking or calendar month; however, if no change is made the category will remain
savings account with Bank of America, N.A. that is active (had a deposit or the same. For example, if a category change is made on the 15th of the
withdrawal within the last 90 days), or (2) an open consumer checking or
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 month, you must wait until the 1st day of the following month to change 6513 Real Estate Agents and Managers — Rentals
your category again.
• Only one Choice Category can be selected at a time. 7012 Timeshares
• Choice Category changes must be made via the Site or the Mobile 7033 Campgrounds and Trailer Parks
Banking application.
7513 Truck & Trailer Utility Rentals
• Choice Category change will be effective the same day (based on
Central Time). 7519 Motor Home and Recreational Vehicle Rental
• Choice Category Net Purchases in your new category made on the 7523 Parking Lots and Garages
effective date will be eligible for Bonus Cash Rewards according to the
terms herein. 7991 Tourist Attractions and Exhibits
• Choice Category Net Purchases in your new category that post to your 7996 Amusement Parks, Carnivals, Circuses, Fortune Tellers
account on the effective date but were made prior to the effective date 7998 Aquariums, Dolphinariums, Zoos and Seaquariums
will not be eligible for Bonus Cash Rewards.
• Eligible merchant categories and the associated merchant category code 7999 Recreation Services — Not Elsewhere Classified
(MCC) for the bonus categories are the following: Drug Stores
Grocery 5122 Drugs, Drug Proprietors and Druggist Sundries
5411 Grocery Stores/Supermarkets 5912 Drug Store Pharmacies
5422 Freezer/Meat Lockers Home Improvement and Furnishings
5441 Candy/Nut/Confection Stores 0780 Landscaping and Horticultural Services
5451 Dairy Product Stores 1520 General Contractor/Residential Building
5462 Bakeries 1711 Heating, Plumbing, Air Conditioning Contractors
5499 Misc. Food Stores 1731 Electrical Contractors
Wholesale Clubs
1740 Masonry, Stonework, Tile Setting, Plastering, Insulation
5300 Wholesale Clubs Contractors
Gas/EV Charging 1750 Carpentry
4468 Marinas 1761 Roof, Siding and Sheet Metal Work Contractors
5541 Service Stations 1771 Contractors, Concrete
5542 Automated Fuel Dispensers 1799 Special Trade Contractor — Not Elsewhere Classified
5552 Electric Vehicle Charging 5021 Office and Commercial Furniture
5983 Fuel Dealers 5065 Electrical Parts and Equipment
Dining 5072 Hardware Equipment and Supplies
5812 Eating Places, Restaurants 5074 Plumbing and Heating Equipment and Supplies
5813 Bars, Cocktail Lounges, Discotheques, Nightclubs, Taverns/ 5193 Florist Suppliers, Nursery Stock and Flowers
Drinking Places (Alcoholic Beverages)
5198 Paints, Varnishes and Supplies
5814 Fast Food Restaurants
5200 Home Supply Warehouse Stores
Travel
5211 Building Materials, Lumber Stores
3000–3350, Airlines, Air Carriers
4511 5231 Glass, Paint, Wallpaper Stores
3351–3500, Car Rental Agencies 5251 Hardware Stores
7512
5261 Lawn and Garden Supply Stores
3501–3999, Hotels, Motels, Resorts
5712 Equipment, Furniture and Home Furnishings Stores
7011
(except Appliances)
4111 Transportation — Suburban and Local Commuter 5713 Floor Covering Stores
Passenger, including Ferries
5714 Drapery, Upholstery and Window Coverings Stores
4112 Passenger Railways
5718 Fireplace, Fireplace Screens and Accessories Stores
4121 Taxicabs and Limousines
5719 Miscellaneous House Furnishing Specialty Shops
4131 Bus Lines
5722 Household Appliance Stores
4411 Cruise Lines
5932 Antique Shops — Sales, Repairs and Restoration Services
4457 Boat Leases and Boat Rentals
5950 Crystal and Glassware Stores
4582 Airports, Airport Terminals, Flying Fields
7217 Carpet and Upholstery Cleaning
4722 Travel Agencies and Tour Operators
7394 Equipment, Tool, Furniture and Appliance Rental and
4723 Package Tour Operators (for use in Germany only)
Leasing
4784 Toll and Bridge Fees
7623 Air Conditioning and Refrigeration Repair Shops
4789 Transportation Services — Not Elsewhere Classified
7641 Furniture — Reupholster, Repair and Refinishing
5962 Direct Marketing — Travel-Related Arrangements Services
8911 Architectural, Engineering and Surveying Services
5971 Art Dealers and Galleries

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Online Shopping Non-Retail Services
The Online Shopping Choice Category includes eligible Net Purchases 0742 Veterinary Services
through an eCommerce website or mobile application. Unlike the MCC
listings for the other Choice Categories, the following list of MCCs is 4214 Motorfreight Carriers, Trucking, Local/Long Distance, Moving/
a list of exclusions in which Net Purchases under these MCCs will not Storage Company, Local Delivery Services
earn Bonus Cash Rewards in the Online Shopping Choice Category.
4215 Courier Services — Air and Ground, Freight Forwarders
The ineligible MCCs generally include Insurance, Utilities, Colleges/
Universities/Schools, Government Services & Taxes, and Other non-retail 4225 Public Warehouse — Farm Products, Refrigerated Goods,
services. Net Purchases under these ineligible MCCs will only earn the 1% Household Goods Storage
Base Cash Rewards (equal to $0.01 for every $1).
7032 Recreational and Sporting Camps
Online Exclusions 7210 Cleaning, Garment and Laundry Services
Insurance 7277 Debt, Marriage, Personal Counseling Service
5960 Direct Marketing — Insurance Services 7311 Advertising Services
6300 Insurance Sales, Underwriting, and Premiums
7321 Consumer Credit Reporting Agencies
Utilities
7322 Debt Collection Agencies
4812 Telecommunications Equipment Including Telephone Sales
7342 Exterminating and Disinfecting Services
4814 Telecommunications Services/Credit Card Activated
7349 Cleaning and Maintenance, Janitorial Service
4900 Utilities — Electric, Gas, Sanitary, Water
Colleges, Universities, Professional Schools and Junior Colleges 7361 Employment Agencies, Temporary Help Service

8211 Schools, Elementary and Secondary 7372 Computer Programing, Data Processing and Integrated Systems
Design Services
8220 Colleges, Universities, Professional Schools and Junior Colleges
7392 Consulting, Management and Public Relations Service
8241 Schools, Correspondence
7393 Detective Agencies, Protective Agencies, Security Services
8244 Schools, Business and Secretarial Including Armored Car
8249 Schools, Trade and Vocational 8111 Attorneys, Legal Services
8299 Schools and Education Services — Not Elsewhere Classified 8351 Child Care Services
Membership Organizations 8931 Accounting, Auditing and Bookmaking Services
7997 Clubs, Country Clubs, Membership (Athletic, Recreation, Sports),
Private Golf Courses 8999 Professional Services — Not Elsewhere Classified

8641 Associations, Civic, Social and Fraternal Miscellaneous

8651 Organizations, Political 6540 POI Funding Transactions

8661 Organizations, Religious • Purchases made at a merchant that does not process transactions under
an eligible MCC or with the accurate online transaction classification or
Doctors and Hospitals
purchases processed through a third-party payment account, mobile/
4119 Ambulance Services wireless card reader, digital wallet not supported by Bank of America or
similar technology where the technology does not support transmission of
8011 Doctors and Physicians — Not Elsewhere Classified
MCCs will not qualify and you will not receive the Bonus Cash Rewards.
8021 Dentists and Orthodontists • Earn 3% and 2% Cash Rewards on the first $2,500 in combined
8031 Osteopathic Physicians Choice Category, grocery store and wholesale club Net Purchases each
calendar quarter.
8041 Chiropractors • Once Choice Category, grocery store and wholesale club Net Purchases
8042 Optometrists and Ophthalmologists exceed $2,500 in a calendar quarter, further applicable Net Purchases
will not be eligible to receive Bonus Cash Rewards and you will earn only
8043 Opticians, Optical Goods and Eyeglasses Base Cash Rewards of 1% on Net Purchases until the first day of the next
calendar quarter.
8049 Podiatrists and Chiropodists
• If you return a purchase that earned Bonus Cash Rewards, it will result in
8050 Nursing and Personal Care Facilities a full or partial deduction of those Bonus Cash Rewards. If the deduction
causes your Choice Category, grocery store and wholesale club cumulative
8062 Hospitals
Net Purchase amount to fall below the quarterly cap, you will receive
8071 Medical and Dental Laboratories Bonus Cash Rewards on those Net Purchases until exceeding the quarterly
cap.
8082 Home Health Care Service
• The calendar quarters are: January 1 through March 31, April 1
8099 Medical Services Health Practitioners — Not Elsewhere Classified through June 30, July 1 through September 30 and October 1 through
December 31 of each year.
Government Services and Taxes
• Cash Rewards are subject to verification.
7276 Tax Preparation Service • From time to time, special promotions may feature Bonus Cash Rewards;
7800 Gambling — Government-Owned Lotteries details will accompany the offer.
9211 Court Cost Including Alimony and Child Support • Not all merchants accept all credit cards.
• Additional restrictions may apply.
9222 Fines — Government Administrative Entities
9311 Tax Payments
How do I earn the Customer Bonus?
• If you have a Qualifying Relationship with Us, a bonus (using a 10% bonus
9399 Government Services — Not Elsewhere Classified earn rate) will be added to the Cash Rewards you earn with each $1 spent
9402 Postage Services — Government Only on Net Purchases. The bonus amount depends on whether the purchase is
included in the 1%, 2% or 3% earn rate.
9405 Intra-Government Purchase — Government Only
• For example, if you make a $100 purchase that earns 3% ($3.00), you will
actually earn $3.30 (based on you having a Qualifying Relationship when
the purchase posts to your account).

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• If you are enrolled in the Preferred Rewards Program, the rewards bonus Earn Gold Platinum Platinum Honors, Diamond
you receive under that program will replace the Customer Bonus. See Rate Tier Tier or Diamond Honors Tier
“Preferred Rewards Program” for eligibility details.
• Your Qualifying Account must maintain an average daily balance greater 3% 3.75% 4.50% 5.25%
than $0 or have had a deposit within 90 days to be considered “active” 2% 2.50% 3.00% 3.50%
and therefore eligible to earn the Customer Bonus.
1% 1.25% 1.50% 1.75%
• We will review the balance on your Qualifying Account at the end of
every month to determine if the average daily balance of your Qualifying For example:
Account for that month was greater than $0 and/or if you made a deposit - If you make a $100 purchase that earns 3% ($3.00), you will actually
within the last 90 days. earn $3.75 if you are in the Gold Tier, $4.50 if you are in the Platinum
• If your account qualifies as “active” all Net Purchases made with your Tier or $5.25 if you are in the Platinum Honors, Diamond or Diamond
Card on or after the fifth business day of the current month through the Honors Tier when the purchase posts to your account.
fifth business day of the following month will earn the Customer Bonus. - If you make a $100 purchase that earns 2% ($2.00), you will actually
• Upon new account opening of a Qualifying Account, it may take up to earn $2.50 if you are in the Gold Tier, $3.00 if you are in the Platinum
30 days to begin earning the Customer Bonus. For example, if you open Tier or $3.50 if you are in the Platinum Honors, Diamond or Diamond
and fund your Qualifying Account on the first of the month or later, only Honors Tier when the purchase posts to your account.
transactions made with your Card after the fifth business day of the - If you make a $100 purchase that earns 1% ($1.00), you will actually
following month will qualify to earn the Customer Bonus. earn $1.25 if you are in the Gold Tier, $1.50 if you are in the Platinum
Tier or $1.75 if you are in the Platinum Honors, Diamond or Diamond
Preferred Rewards Program Honors Tier when the purchase posts to your account.
If I’m a Bank of America customer or Merrill client who has qualified
Visit the Site or refer to your monthly billing statement to see how much
for and enrolled in the Preferred Rewards Program, how do I earn the
Cash Rewards you’ve earned.
Preferred Rewards bonus?
Transactions not eligible for Cash Rewards
What you should know
• To be qualified for enrollment in the Preferred Rewards Program, you You won’t earn Cash Rewards for:
must own certain Bank of America deposit accounts and maintain • Balance Transfers and Cash Advances, including, but not limited to,
specific balances in Bank of America deposit accounts and/or in Merrill® travelers checks, money orders and other cash equivalents
investment accounts. Details are available at bankofamerica.com/ • Fees, interest charges and credit insurance
preferred-rewards. • Fraudulent transactions
• After enrolling in the Preferred Rewards Program, or if you are already • Purchases using Pay with Rewards at participating third-party merchants
enrolled and open a new Card, it may take up to 30 days for the Preferred or service providers.
Rewards bonus to become active on your Card(s).
• If you move to a higher (or lower) reward tier, it may take up to five days What you need to know
for the higher (or lower) Preferred Rewards bonus to become active on • For new customers, accrual of Cash Rewards may begin on the date
your existing Card(s). We mail the Card and the Credit Card Agreement to you. If you are an
• For enrolled members who change their card type, as long as the existing credit card customer and your account is converted to the Card
new Card is an eligible credit card, it may take up to five days for Program, you may start earning rewards immediately.
the Preferred Rewards bonus to become active on the new Card. A How do I redeem my Cash Rewards?
complete list of ineligible cards is available at bankofamerica.com/
preferred-rewards. Go to bankofamerica.com, use the Mobile Banking application, or call the
• If more than one Cardholder on a Card account (Primary Cardholder number listed on the back of your Card.
and Joint Cardholder) is enrolled in the Preferred Rewards Program, the What you need to know
account will receive the Preferred Rewards bonus level based on the • Cash Rewards are available for redemption as soon as they appear on
Cardholder with the higher tier. your monthly billing statement.
• If a Joint Cardholder with a higher tier is added to a Card account, it may • Cash Rewards can only be redeemed if the account is open and has
take up to 30 days for the higher Preferred Rewards bonus to become active charging privileges.
active on that Card.
• If your account loses charging privileges but regains them before
• Your Preferred Rewards Program enrollment status and tier can change the point of account closure, your Cash Rewards will be available for
depending on the balance you maintain in your qualifying deposit/ redemption once the charging privileges are restored.
investment account(s).
• In order to redeem for Cash Rewards, you must be an individual (no
• The Card Program is not eligible for benefits under the Preferred corporations, partnerships or entities).
Rewards for Business program.
• If the owner(s) of the Card account voluntarily closes the Card account
• If you are enrolled in a specific Partner Rewards Offer in the Partner or We close the Card account for inactivity, you must redeem the
Rewards program, you will not earn base or bonus earn on qualifying Cash Rewards within ninety (90) days after closing. If We close your
transactions at that specific Merchant. You will earn the Partner Card account for any other reason you will lose your Cash Rewards
Rewards instead. immediately.
How the Preferred Rewards bonus works • However, if the Card account is closed in connection with a death
• If either the Primary Cardholder or Joint Cardholder on the account is or incapacity of the Card account owner, Cash Rewards eligible for
enrolled in the Preferred Rewards Program, the Preferred Rewards bonus redemption may be redeemed if an authorized representative of the
will be awarded with each purchase as additional Cash Rewards after the estate, as determined by Us, requests Cash Rewards redemption within
Base Rewards and Bonus Rewards have been calculated. 57 days of an account closure. Whether Cash Rewards are eligible for
• The amount of additional Card Rewards you earn depends on your redemption depends on the final status of the account, is subject to
Preferred Rewards Program enrollment status and tier at the time the the account being closed and paid in full, and is in Our sole discretion.
purchase posts to your account as follows: Cash Rewards will only be issued upon request and in the name of the
deceased Primary Cardholder. In the event redemptions are mailed,
- Gold tier: Adds 25% more to your Cash Rewards earned with they are sent in the name of the deceased Primary Cardholder and to
each purchase. the address We have in Our system of record for that person. These
- Platinum tier: Adds 50% more to your Cash Rewards earned redemption provisions do not apply to jointly held accounts where there
with each purchase. is at least one surviving owner of an account.
- Platinum Honors, Diamond and Diamond Honors tiers: Adds 75% • All redemptions are final once processed, unless otherwise noted.
more to your Cash Rewards earned with each purchase. • Cash Rewards are non-negotiable, and cannot be redeemed for any
• The Preferred Rewards bonus amount also depends on whether the benefit except those Cash Rewards designated by Us.
purchase is included in the 1%, 2% or 3% earn rate as follows: • Cash Rewards are not property of any Cardholder or other person,
and may not be brokered; bartered; attached; pledged; gifted; sold; or
unless specifically authorized by Us, transferred to anyone else under

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 any circumstances, including, but not limited to: disability; death; upon Redemption for electronic deposit to an Eligible Account
operation of law, or in connection with any domestic relations dispute
and/or legal proceeding. • When you redeem for an electronic deposit into an Eligible Account, We
will send it to the account you have indicated within five business days of
• We shall have no liability for disagreements between Cardholders your request.
regarding Cash Rewards.
• If an electronic deposit is rejected for any reason, We will void the
• Unless specifically authorized by Us, Cash Rewards may not be combined deposit and reinstate the Cash Rewards to your Card account.
with other discounts, special rates, promotions or other reward programs
offered by Us. • If an electronic transfer is rejected, We will notify you within 15 business
days of your request at the email address on file.
• You may be able to transfer Cash Rewards from one Bank of America
account to another. Call the number on the back of your card to see if Redemption for statement credits
your account qualifies.
• Cash Rewards redeemed for a statement credit to your Card will post to
• Cash Rewards may not be combined with any other entity, including your account within three business days of the date of redemption.
airline frequent flier, hotel frequent guest or other travel-related or
• Statement credits will generally be applied to your existing balance with
membership reward charge or credit card programs, whether in the U.S.
the highest priced Annual Percentage Rate (APR).
or abroad.
• If you receive a statement credit, you are still responsible for paying your
• There is no expiration date on your Cash Rewards, as long as your
Minimum Payment Due shown on each monthly billing statement you
account is open and has active charging privileges.
receive from Us.
Redemption of Cash Rewards Redemption for checks
• You can redeem Cash Rewards in U.S. dollars. You can request an
• Cash Rewards checks will only be made payable to the individual
electronic deposit to an Eligible Account, a statement credit, or a check.
designated by Us as the Primary Cardholder.
• One-time redemptions for a contribution to a qualifying 529 account held
• Check redemptions start at $25.
at Merrill or redemptions for a check have a $25 minimum redemption
amount. Redemptions for an electronic deposit into a Bank of America® • We will mail each check to the Primary Cardholder’s billing address via
checking or savings account, qualifying Cash Management Account® with first-class U.S. mail within 14 business days of the redemption.
Merrill or for a statement credit or Pay with Rewards redemptions have • Checks can only be sent within the 50 United States and U.S. territories.
no minimum redemption amount. • We are not responsible for lost, stolen, or undelivered checks.
• Automatic redemptions for an electronic deposit into a Bank of America • Requests for multiple checks are processed and mailed separately.
checking or savings account or into a qualifying Cash Management • Checks are valid for 90 days from date of issue. An expiration date will
Account® with Merrill have a $25 minimum redemption amount. appear on each check.
• We deduct the Cash Rewards you redeem from your Cash Rewards • We will void any check that is not presented for payment before the
balance on the date you request a redemption. expiration date. In such cases, We will award the Cash Rewards as a
• Either you, as the Cardholder, or any authorized user may request to statement credit posting to your Card within two Billing Cycles following
redeem Cash Rewards. the expiration date. This will appear on your account as a retail credit
• We have no liability for fulfilling Cash Rewards requests in good faith in adjustment.
response to any person claiming authority on your behalf. • There is no limit to the number of checks you can receive.
• Once We issue Cash Rewards, if any transaction contributing to the value
of those Cash Rewards is refunded or credited, or otherwise rescinded, Pay with Rewards redemption
We may, at Our discretion, reverse a statement credit to your Card, stop • From time to time, We may give you opportunities to redeem your Cash
payment on any check, and/or withhold subsequent Cash Rewards, or Rewards for all or part of a payment for the purchase of eligible products
collect any amount you owe, in any appropriate manner. This includes, but or services directly through online third-party merchants or service
is not limited to, the posting of an equivalent dollar debit in the form of a providers. In order to do so, you may be required to register with the
Bank Cash Advance transaction to your Card. third-party merchant or service provider, which may include providing
• A 529 plan contribution resulting from rewards redemption is treated your Card account information and agreeing to additional terms of use.
as any other plan contribution, and may be subject to gift tax and/or • Returns and Cash Rewards refunds are subject to the policies of the
generation-skipping tax. You are responsible for any tax liability and third party.
any related tax-return reporting obligations that may result from your • Purchases made with Cash Rewards may be subject to the third party’s
rewards redemption, so please consult your tax advisor to understand the return and refund policy, which may include restocking fees.
tax consequences as Bank of America does not provide tax advice.
• For valid returns or cancellations, your Cash Rewards will be credited
• 529 contributions made by individuals with an international address will back to your Card account.
be rejected and returned.
• The third-party merchants and service providers that participate in Pay
• If you are considering redeeming for a contribution to a 529 account with Rewards are not affiliated with Us and are not sponsors or co-
held at Merrill, please refer to the 529 account’s Program Description sponsors of the Card Program. All participating third-party merchant and
for additional details about the plan, including maximum lifetime service provider names, logos, and marks are used with permission and
contribution limits. are the property of their respective owners.
Automatic redemption • Participating third-party merchants and service providers are subject to
change without notice.
• To turn on automatic redemption, go to the Site, use the Mobile Banking
application or call the number on the back of your Card to designate • Participating third-party merchants and service providers are responsible
a Bank of America® checking or savings account or a qualifying Cash for the quality and performance of any products or services they
Management Account® with Merrill. Statement credits and contributions provide. Bank of America is not responsible for any aspects of the
to a 529 account are not eligible for automatic redemption enrollment. products and services provided by participating third-party merchants or
service providers.
• After you turn on automatic redemption, at the end of each calendar
month during the month in which your Cash Rewards balance meets or • Participating third-party merchants and service providers may restrict the
exceeds the minimum $25 required for redemption, all of your available use of Cash Rewards for purchases of select items.
Cash Rewards will be automatically redeemed. Additional terms
• The Cash Rewards cash value will be deposited within five business days Card Program changes
via electronic transfer into the Bank of America checking or savings
account or qualifying Cash Management Account® with Merrill that Changes to the Card Program and Program Rules may occur from time to
you selected as long as your account is open and has active charging time. When any change is made, We will post revisions on the Site. In some
privileges. cases, We may notify you of changes by mail. However, it’s your responsibility
to review the Site or any correspondence to stay aware of any changes.
• You can turn off automatic redemption any time through the Site, Mobile
Banking application or by telephone. If you do, you will need to request We may choose to:
any future Cash Rewards. • Discontinue or replace any reward with a similar one of equal or
greater value.

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• Change any part of the Card Program or Program Rules. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as
• Terminate the Card Program or discontinue your participation in it for any “MLPF&S” or “Merrill”) makes available certain investment products
reason. For example, We may disqualify you from earning and redeeming sponsored, managed, distributed or provided by companies that are
Cash Rewards if We find that you or someone else used your account in affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a
a way that breaks the Program Rules. registered broker-dealer, Member SIPC and a wholly owned subsidiary
of BofA Corp.
Changes may also affect outstanding transactions and Cash Rewards,
including, but not limited to: Banking products are provided by Bank of America, N.A., and affiliated
• The earnings rate for Cash Rewards banks, Members FDIC and wholly owned subsidiaries of BofA Corp.
• The minimum amount of Cash Rewards required for redemption Investment products:
• The types of transactions that qualify for Cash Rewards • Are Not FDIC Insured
• The type or value of Cash Rewards • Are Not Bank Guaranteed
The Card Program is not scheduled to end on a predetermined date. • May Lose Value
©2023 Bank of America Corporation
Disputes regarding Rewards
CW1 202308_D
• Discrepancies about Cash Rewards are not treated as Card billing
disputes. Please refer to your Credit Card Agreement or the annual Your
Billing Rights notice for details about billing disputes.
• All decisions regarding Cash Rewards disputes shall be final.
Refunds on Card transactions
If you earn Cash Rewards with a Card transaction that is later refunded and
you redeem the Cash Rewards, We may:
• Stop payment on any checks
• Withhold subsequent Cash Rewards
• Collect any amounts you owe; this may include charging an equivalent
dollar amount to your Card in the form of a Bank Cash Advance
Card Program administration
• Bank of America, N.A. manages the Card Program.
• Bank of America, N.A. is the exclusive issuer and administrator of the
Card Program.
General liability
The Card is separate and distinct from any accounts you may have with
Bank of America, N.A. and its affiliates.
Approval of this Card account does not mean that any other account will be
established for you.
You agree to release Bank of America and any of its affiliates from all
liability, including:
• Any loss, claim, expense or damages you experience in connection with
Cash Rewards. If at all, the sole extent of any liability will not exceed the
actual value of the Cash Rewards.
• Any claims, expenses and legal fees arising from or related to any
violation of the Program Rules by you or anyone using your Card account.
• Any typographical errors or omissions in any Card Program-related
document.
• Delayed or lost correspondence sent by U.S. mail or any other form of
delivery, including email.
• Any error, omission, interruption, deletion, defect, delay, theft,
destruction, unauthorized access to, or alteration of Cash Rewards earned
and redeemed or other Card Program activities.
Cash Rewards may constitute taxable income to you and you are responsible
for any tax liability that may arise from receiving Cash Rewards. You may be
issued an Internal Revenue Service Form 1099 (or other appropriate form)
that reflects the value of Cash Rewards. Please consult your tax advisor, as
neither We, nor Our affiliates, provide tax advice.
All aspects of the Card Program are governed by the laws of the State of
North Carolina. In states that don’t allow the disclaimer of warranties or
exclusion of liability, the above limitations may not apply.
For information about Our rights and your responsibilities regarding the
online portion of the Card Program, see the Terms of Use at the Site.
Service marks and trademarks
Cash Management Account, CMA, Merrill, Bank of America and the
Bank of America logo are registered trademarks of Bank of America
Corporation.
Visa is a registered trademark of Visa International Service Association and
is used by the issuer pursuant to license from Visa U.S.A., Inc.
Mastercard is a registered trademark of Mastercard International
Incorporated and is used by the issuer pursuant to license.

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