Bank of America's Preferred Rewards program is getting a facelift, and if you're like me and take advantage of this program, you'll want to pay attention! They're changing the name, the different status tiers, and the amount of money you need to have with them to qualify for each tier. While the exact details are still a bit fuzzy, BofA is teasing some other changes that could affect the perks you enjoy.

Why does this matter? Well, Preferred Rewards can unlock some sweet benefits like boosted credit card rewards and waived fees, which can save you a good chunk of change. So, keeping an eye on these changes ensures you can keep maximizing your BofA relationship for your next adventure! Stay tuned for more details as they emerge; we'll be sure to break it all down for you.