BiggerPockets Money Podcast · Friday, October 23, 2026
Tad Fallows explains that the Bank of America Premium Rewards Elite card boasts a 100% recommendation rate among surveyed high-net-worth members. The card becomes especially lucrative for those with a high-balance relationship with Bank of America or Merrill Lynch, allowing users to earn high cash back returns on everyday purchases and taxes without dealing with point transfer complexities.
“if you have a large total relationship with Bank of America Merrill Lynch, which that can include just parking a million dollars of stock at Merrill Lynch, you don't have to pay AUM fees or do any trading or anything. But if you are an investor who has a million dollars in brokerage assets... you can just sit it at Merrill Lynch and then you get a 75% boost.”