Rumor, New Bank of America Premium Card Coming in November
We have heard rumors about several new credit cards recently. Those Hyatt premium card rumors, for examples, turned out to be a Hyatt Business card instead. Now the latest rumor is for a new card from Bank of America.
The new product was first reported on reddit. The name is Bank of America Premium Rewards Elite Credit Card. The new card will reportedly be available beginning November 22. This card is aimed at high-net-worth and ultra-high-net-worth clients, so it’s very possible that it will be limited to those who have higher Preferred Rewards status with Bank of America.
The Premium Rewards Elite Credit Card will give cardholders “access to an exceptional suite of benefits, services and experiences – all selected to compliment their lifestyles.”
There’s no additional information as to what these benefits would be or what kind of annual fee we would be looking at.
But, the same redditor also offers information about the two new Preferred Rewards tiers.
- Diamond (qualifying balance of $1,000,000 or more)
- Diamond Honors (qualifying balance of $10,000,000 or more)
These two new tiers could be introduced on November 12, as it was first reported by Doctor of Credit.
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Do you have to maintain $10m with BOA after you get the card? Or can you transfer it out immediately?