Bank of America ® Cash Rewards Program Rules

Bank of America

Cash Rewards Program Rules

Rewards at a glance:

Base Earn Earn Base Cash Rewards of 1% of all Net Purchases.

Bonus Earn

• Earn 2% at eligible grocery merchants and wholesale clubs.*

• Earn 3% on purchases in one of the eligible categories you choose*:

gas (default), online shopping, dining, travel, drug stores or home

improvement/furnishings. Choice category can be changed once

per calendar month.

• Preferred Rewards/Banking Rewards for Wealth Management

Bonus (if qualied & enrolled): Earn 25%–75% more Cash

Rewards.**

Redeem

Cash Rewards

• One-time Redemption — no minimum for checking, savings, CMA

statement credit redemptions; $25 minimum for 529 contributions and

check redemptions

• Automatic Redemption — $25 minimum

Expiration

As long as your account remains in good standing, Cash Rewards

do not expire.

Forfeiture Cash Rewards are subject to forfeiture. See page 7.

* You will earn 2% and 3% cash back on up to $2,500 in combined purchases in those categories

each quarter, then 1% thereafter. Details on page 1.

** See page 5 for eligibility details.

Learn more about:

Earning Rewards page 1

Preferred Rewards page 5

Redeeming Rewards page 7

Redemption for an Electronic Deposit to an Eligible Account page 9

Redemption for Statement Credits page 9

Redemption for Checks page 9

The following Program Rules provide what you need to know about the Program. Please

review this document and keep it for reference. If We make any changes to the Program,

We will let you know on bankofamerica.com or by mail.

bankofamerica.com

Page 1

Basic terms and definitions

Account in Good Standing — An account

that is open and has charging privileges

Base Cash Rewards — The Cash Rewards

you will earn with each purchase

Billing Cycle — The period of time between

monthly bills or monthly billing statements,

as defined in your Credit Card Agreement

Bonus Cash Rewards — The additional

Cash Rewards you can earn with certain

purchases, as described herein

Card — A Bank of America

Cash Rewards

Visa

or Mastercard

credit card

Cardholder (also referred to as “you”) —

Individual Cardholders, Joint Cardholders

and authorized users, if any, with a Card

account and charging privileges (excluding

corporations, partnerships or other entities)

Cash Rewards — Rewards earned through

use of the Card

Choice Category — Purchases earn Bonus

Cash Rewards made from one of the

selected merchant types: gas (default),

online shopping, dining, travel, drug stores,

or home improvement/furnishings. Choice

Category can be changed once per

calendar month

Customer Service — The call center that

provides Program information; you can call

the number on the back of your Card

Eligible Account — A Bank of America

checking or savings account, a qualifying

Cash Management Account

with

Merrill Lynch Wealth Management

Merrill Edge

, or a qualifying 529 account

held at Merrill Lynch

Joint Cardholder — Joint owner of the

Card account who shares full responsibility

of account with the Primary Cardholder;

does not include authorized users

Net Purchases — The amount of

purchases less any credits, returns and

adjustments

Preferred Rewards/Banking Rewards for

Wealth Management Programs —

Optional benefits and rewards programs,

separate from this Program, available to

Bank of America customers/Merrill Lynch

clients who have met certain deposit

account and deposit/investment balance

criteria. Qualification and enrollment

requirements, and other program details,

are available at bankofamerica.com/

preferred-rewards

Primary Cardholder — First-named

Cardholder on the Card account

Program — The Bank of America

Cash Rewards program

Program Rules — Refers to the terms and

conditions in this document, which govern

the Program; these Program Rules are

separate from the terms of the Credit Card

Agreement provided with your Card

Site — The Program website at

bankofamerica.com which includes the

Mobile Banking application when available

We/Us/Our — Bank of America, N.A., the

administrator and issuer of the Program

How do I earn Rewards?

There’s no limit to how much Cash

Rewards you can earn.

• Cash Rewards earnings are based on the

Net Purchases charged to the Card

during each Billing Cycle.

• Cash Rewards are calculated at each

transaction.

• You earn Base Cash Rewards of 1%

(equal to $0.01 for every $1) on all Net

Purchases.

• You earn a total of 2% cash back (equal

to $0.02 for every $1, consisting of 1%

Bonus Cash Rewards and 1% Base Cash

Rewards) on Net Purchases made at any

eligible grocery store merchants and

wholesale clubs. Excluded from this

bonus category are superstores and

smaller stores (like drug stores and

convenience stores) that sell groceries

and a variety of other products.

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• You earn a total of 3% cash back (equal

to $0.03 for every $1, consisting of 2%

Bonus Cash Rewards and 1% Base Cash

Rewards) on Net Purchases made at

eligible merchants in the one Choice

Category you have selected.

• Transactions resulting in fractions of

Cash Rewards will be rounded up to

the nearest whole cent if equal to or

greater than $0.005 and rounded down

if less than $0.005.

• We calculate and round Base Cash

Rewards, Bonus Cash Rewards and

Preferred Rewards/Banking Rewards for

Wealth Management Programs (if

applicable) separately.

• Eligible merchants earning 3% Cash

Rewards generally include merchants

whose primary line of business falls under

the following Choice Categories: Gas

(default), Online Shopping, Dining, Travel,

Drug Stores, Home Improvement/

Furnishings.

• When the new account is opened the

default Choice Category is Gas. A new

Choice Category selection can be made

once per calendar month; however, if no

change is made the category will remain

the same. For example, if a category

change is made on the 15th of the month,

you must wait until the 1st day of the

following month to change your category

again.

• Only one Choice Category can be

selected at a time.

• Choice Category changes may be made

via the Site or the Mobile Banking

application.

• Choice Category change will be effective

the same day (based on Central Time).

• Choice Category Net Purchases in your

new category made on the effective date

will be eligible for Bonus Cash Rewards

according to the terms herein.

• Choice Category Net Purchases in your

new category that post to your account on

the effective date but were made prior to

the effective date will not be eligible for

Bonus Cash Rewards.

• Eligible merchant categories and the

associated merchant category codes

(MCCs) for the bonus categories are the

following:

Grocery

5411 Grocery Stores/Supermarkets

5422 Freezer/Meat Lockers

5441 Candy/Nut/Confection Stores

5451 Dairy Product Stores

5462 Bakeries

5499 Misc. Food Stores

Wholesale Clubs

5300

Wholesale Clubs

Gas

4468

Marinas

5541

Service Stations

5542

Automated Fuel Dispensers

5983

Fuel Dealers

Dining

5812

Eating Places, Restaurants

5813

Bars, Cocktail Lounges,

Discotheques, Nightclubs, Taverns/

Drinking Places (Alcoholic Beverages)

5814

Fast Food Restaurants

Travel

3000-

3350,

4511

Airlines, Air Carriers

3351-

3500,

7512

Car Rental Agencies

3501-

3999,

7011

Hotels, Motels, Resorts

4111

Transportation — Suburban and

Local Commuter Passenger,

including Ferries

4112 Passenger Railways

4121 Taxicabs and Limousines

4131 Bus Lines

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4411

4457

4582

4722

4723

4784

4789

5962

5971

6513

7012

7033

7513

7519

7523

7991

7996

7998

7999

Cruise Lines

Boat Leases and Boat Rentals

Airports, Airport Terminals, Flying

Fields

Travel Agencies and Tour

Operators

Package Tour Operators (for use

in Germany only)

Toll and Bridge Fees

Transportation Services — Not

Elsewhere Classified

Direct Marketing — Travel-Related

Arrangements Services

Art Dealers and Galleries

Real Estate Agents and

Managers —Rentals

Timeshares

Campgrounds and Trailer Parks

Truck & Trailer Utility Rentals

Motor Home and Recreational

Vehicle Rental

Parking Lots and Garages

Tourist Attractions and Exhibits

Amusement Parks, Carnivals,

Circuses, Fortune Tellers

Aquariums, Dolphinariums, Zoos

and Seaquariums

Recreation Services — Not

Elsewhere Classified

Drug Stores

5122

Drugs, Drug Proprietors and

Druggist Sundries

5912

Drug Store Pharmacies

Home Improvement and Furnishings

0780

Landscaping and Horticultural

Services

1520

General Contractor/Residential

Building

1711

Heating, Plumbing, Air Conditioning

Contractors

1731 Electrical Contractors

1740

Masonry, Stonework, Tile Setting,

Plastering, Insulation Contractors

1750 Carpentry

1761

Roof, Siding and Sheet Metal

Work Contractors

1771 Contractors, Concrete

1799

Special Trade Contractor —Not

Elsewhere Classified

5021 Office and Commercial Furniture

5065 Electrical Parts and Equipment

5072 Hardware Equipment and Supplies

5074

Plumbing and Heating Equipment

and Supplies

5193

Florist Suppliers, Nursery Stock

and Flowers

5198 Paints, Varnishes and Supplies

5200 Home Supply Warehouse Stores

5211 Building Materials, Lumber Stores

5231 Glass, Paint, Wallpaper Stores

5251 Hardware Stores

5261 Lawn and Garden Supply Stores

5712

Equipment, Furniture and Home

Furnishings Stores (except

Appliances)

5713 Floor Covering Stores

5714

Drapery, Upholstery and Window

Coverings Stores

5718

Fireplace, Fireplace Screens and

Accessories Stores

5719

Miscellaneous House Furnishing

Specialty Shops

5722 Household Appliance Stores

5932

Antique Shops —Sales, Repairs

and Restoration Services

5950 Crystal and Glassware Stores

7217 Carpet and Upholstery Cleaning

7394

Equipment, Tool, Furniture and

Appliance Rental and Leasing

7623

Air Conditioning and Refrigeration

Repair Shops

7641

Furniture —Reupholster, Repair

and Refinishing

8911

Architectural, Engineering and

Surveying Services

Page 4

Online Shopping

The Online Shopping Choice Category

includes eligible Net Purchases through

an eCommerce website or mobile

application. Unlike the MCC listings

for the other Choice Categories, the

following list of MCCs is a list of

exclusions in which Net Purchases

under these MCCs will not earn Bonus

Cash Rewards in the Online Shopping

Choice Category. The ineligible

MCCs generally include Insurance,

Utilities, Colleges/Universities/Schools,

Government Services & Taxes, and Other

non-retail services. Net Purchases under

these ineligible MCCs will only earn the

1% Base Cash Rewards (equal to $0.01).

Online Exclusions

Insurance

5960

Direct Marketing —Insurance

Services

6300

Insurance Sales, Underwriting,

and Premiums

Utilities

4812

Telecommunications Equipment

Including Telephone Sales

4814

Telecommunications Services/

Credit Card Activated

4899

Cable, Satellite, and other Pay

Television and Radio Services

4900

Utilities — Electric, Gas, Sanitary,

Water

Colleges, Universities, Professional

Schools and Junior Colleges

8211

Schools, Elementary and

Secondary

8220

Colleges, Universities, Professional

Schools and Junior Colleges

8241 Schools, Correspondence

8244 Schools, Business and Secretarial

8249 Schools, Trade and Vocational

8299

Schools and Education

Services —Not Elsewhere

Classified

Membership Organizations

7997

Clubs, Country Clubs, Membership

(Athletic, Recreation, Sports),

Private Golf Courses

8641

Associations, Civic, Social and

Fraternal

8651 Organizations, Political

8661 Organizations, Religious

Doctors and Hospitals

4119 Ambulance Services

8011

Doctors and Physicians — Not

Elsewhere Classified

8021 Dentists and Orthodontists

8031 Osteopathic Physicians

8041 Chiropractors

8042 Optometrists and Ophthalmologists

8043

Opticians, Optical Goods and

Eyeglasses

8049 Podiatrists and Chiropodists

8050

Nursing and Personal Care

Facilities

8062 Hospitals

8071 Medical and Dental Laboratories

8099

Medical Services Health

Practitioners —Not Elsewhere

Classified

Government Services and Taxes

7276 Tax Preparation Service

7800

Gambling —Government-Owned

Lotteries

9211

Court Cost Including Alimony

and Child Support

9222

Fines —Government Administrative

Entities

9311 Tax Payments

9399

Government Services —Not

Elsewhere Classified

9402

Postage Services — Government

Only

9405

Intra-Government Purchase —

Government Only

Non-Retail Services

0742 Veterinary Services

4214

Motorfreight Carriers, Trucking,

Local/Long Distance, Moving/

Storage Company, Local Delivery

Services

4215

Courier Services —Air and Ground,

Freight Forwarders

4225

Public Warehouse —Farm

Products, Refrigerated Goods,

Household Goods Storage

Page 5

7032 Recreational and Sporting Camps

7210

Cleaning, Garment and Laundry

Services

7277

Debt, Marriage, Personal

Counseling Service

7311 Advertising Services

7321

Consumer Credit Reporting

Agencies

7342

Exterminating and Disinfecting

Services

7349

Cleaning and Maintenance,

Janitorial Service

7361

Employment Agencies, Temporary

Help Service

7372

Computer Programing, Data

Processing and Integrated

Systems Design Services

7392

Consulting, Management and

Public Relations Service

7393

Detective Agencies, Protective

Agencies, Security Services

Including Armored Car

8111 Attorneys, Legal Services

8351 Child Care Services

8931

Accounting, Auditing and

Bookmaking Services

8999

Professional Services — Not

Elsewhere Classified

Miscellaneous

6540

POI Funding Transactions

• Purchases made at a merchant that does

not process transactions under an eligible

MCC or with the accurate online

transaction classification or purchases

processed through a third-party payment

account, mobile/wireless card reader,

digital wallet not supported by

Bank of America or similar technology

where the technology does not support

transmission of MCCs will not qualify and

you will not receive the Bonus Cash

Rewards.

• Earn 3% and 2% Cash Rewards on the

first $2,500 in combined Choice Category,

grocery store and wholesale club Net

Purchases each calendar quarter.

• Once Choice Category, grocery store and

wholesale club Net Purchases 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 Base Cash

Rewards of 1% on Net Purchases until

the first day of the next calendar quarter.

• If you return a purchase that earned

Bonus Cash Rewards, it may result in a

full or partial deduction of those Bonus

Cash Rewards. If the deduction causes

your Choice Category, grocery store and

wholesale club cumulative Net Purchase

amount to fall below the quarterly cap,

you may receive Bonus Cash Rewards on

those Net Purchases until exceeding the

quarterly cap.

• The calendar quarters are: January 1

through March 31, April 1 through

June 30, July 1 through September 30

and October 1 through December 31 of

each year.

• Cash Rewards are subject to verification.

• From time to time, special promotions

may feature Bonus Cash Rewards; details

will accompany the offer.

• Not all merchants accept all credit cards.

• Additional restrictions may apply.

If I’m a Bank of America customer

or Merrill Lynch client who has

qualified for and enrolled in the

Preferred Rewards/Banking

Rewards for Wealth Management

Program, how do I earn the

Preferred Rewards/Banking

Rewards for Wealth Management

Bonus (“Preferred Rewards/

Banking Rewards Bonus”)?

What you should know

• To be qualified for enrollment in the

Preferred Rewards/Banking Rewards for

Wealth Management Programs, you must

own certain Bank of America deposit

accounts and maintain specific balances

Page 6

in Bank of America deposit accounts

and/or in Merrill Lynch investment

accounts. Details are available at

bankofamerica.com/preferred-rewards.

• After enrolling in the Preferred Rewards/

Banking Rewards for Wealth

Management Programs, or if you are

already enrolled and open a new Card, it

may take up to 45 days for the Preferred

Rewards/Banking Rewards Bonus to

become active on your Card.

• If you move to a higher (or lower) reward

tier, it may take up to five days for the

higher (or lower) Preferred Rewards/

Banking Rewards Bonus to become

active on your existing Card.

• For enrolled clients who change their card

type, as long as the new Card is an

eligible credit card, it may take up to five

days for the Preferred Rewards/Banking

Rewards Bonus to become active on the

new Card. A complete list of ineligible

cards is available at bankofamerica.com/

preferred-rewards.

• If more than one Cardholder on a Card

account (Primary Cardholder and Joint

Cardholder) is enrolled in the Preferred

Rewards/Banking Rewards for Wealth

Management Program, the account will

receive the Preferred Rewards/Banking

Rewards Bonus level based on the

Cardholder with the higher tier.

• If a Joint Cardholder with a higher tier is

added to a Card account, it may take up

to 45 days for the higher Preferred

Rewards/Banking Rewards Bonus to

become active on that Card.

• Your Preferred Rewards/Banking

Rewards for Wealth Management

Program enrollment status and tier can

change depending on the balance you

maintain in your qualifying deposit/

investment account(s).

How the Preferred Rewards/Banking

Rewards for Wealth Management

Bonus works

• If either the Primary Cardholder or Joint

Cardholder on the account is enrolled in

the Preferred Rewards or Banking

Rewards for Wealth Management

Programs, the Preferred Rewards/

Banking Rewards Bonus will be awarded

with each purchase as additional Cash

Rewards after the Base Rewards and

Bonus Rewards have been calculated.

• The amount of additional cash you earn

depends on your Preferred Rewards/

Banking Rewards for Wealth Management

Program enrollment status and tier at the

time the purchase posts to your account.

– Gold tier: Adds 25% more to your Cash

Rewards earned with each purchase.

– Platinum tier: Adds 50% more to your

Cash Rewards earned with each

purchase.

– Platinum Honors tier: Adds 75% more

to your Cash Rewards earned with

each purchase.

– Banking Rewards for Wealth

Management: Adds 75% more to your

Cash Rewards earned with each

purchase.

• The Preferred Rewards/Banking Rewards

Bonus amount also depends on whether

the purchase is included in the 1%, 2% or

3% earn rate as follows:

Earn

Rate

Gold

Tier

Platinum

Tier

Platinum Honors/

Banking

Rewards Tier

3% 3.75% 4.50% 5.25%

2% 2.50% 3.00% 3.50%

1% 1.25% 1.50% 1.75%

For example:

– If you make a $100 purchase that earns

3% ($3.00), you will actually earn $3.75

if you are in the Gold Tier, $4.50 if you

are in the Platinum Tier or $5.25 if you

are in the Platinum Honors or Banking

Rewards Tier when the purchase posts

to your account.

– If you make a $100 purchase that earns

2% ($2.00), you will actually earn $2.50

Page 7

if you are in the Gold Tier, $3.00 if you

are in the Platinum Tier or $3.50 if you

are in the Platinum Honors or Banking

Rewards Tier when the purchase posts

to your account.

– If you make a $100 purchase that earns

1% ($1.00), you will actually 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 or Banking

Rewards Tier when the purchase posts

to your account.

Visit the Site or refer to your monthly billing

statement to see how much Cash Rewards

you’ve earned.

Transactions not eligible for

Cash Rewards

You won’t earn Cash Rewards for:

• Balance Transfers and Cash Advances,

including, but not limited to, travelers

checks, money orders and other cash

equivalents

• Fees, interest charges and credit

insurance

• Fraudulent transactions

What you need to know

• For new customers, accrual of Cash

Rewards may begin on the date We mail

the Card and the Credit Card Agreement

to you. If you are an existing credit card

customer and your account is converted

to the Program, you may start earning

rewards immediately.

How do I redeem my Rewards?

Go to bankofamerica.com, the Mobile

Banking application, or call the number

listed on the back of your Card.

What you need to know

• Cash Rewards are available for

redemption as soon as they appear on

your monthly billing statement.

• Cash Rewards cannot be redeemed if the

account is not in good standing at the

time of redemption.

• Cash Rewards accrued during any Billing

Cycle in which the account is two cycles

or greater past due at the end of the

Billing Cycle will not be awarded.

• If your account loses charging privileges

but regains its good standing before the

point of account closure, your Cash

Rewards will be available for redemption

once the charging privileges are restored.

• In order to redeem for Cash Rewards, you

must be an individual (no corporations,

partnerships or entities).

• If the owner(s) of the Card account

voluntarily closes the Card account, or if

for any reason We close the Card

account, any unredeemed Cash Rewards

associated with the account are subject

to immediate forfeiture, unless specifically

authorized by Us within 90 days of

the closure.

• However, if the Card account is closed in

connection with a death or incapacity of

the Card account owner, Cash Rewards

eligible for redemption may be redeemed

if an authorized representative of the

estate, as determined by Us, requests

Cash Rewards redemption within 57 days

of an account closure. Whether Cash

Rewards are eligible for redemption

depends on the final status of the

account, is subject to the account being

closed and paid in full, and is in Our sole

discretion. Cash Rewards will only be

issued upon request and in the name of

the deceased Primary Cardholder. In the

event redemptions are mailed, they are

sent in the name of the deceased Primary

Cardholder and to the address We have

in Our system of record for that person.

These redemption provisions do not apply

to jointly held accounts where there is at

least one surviving owner of an account.

• All redemptions are final once processed.

• Cash Rewards are non-negotiable, and

cannot be redeemed for any benefit

except those Cash Rewards designated

by Us.

• Cash Rewards are not property of any

Cardholder or other person, and may not

Page 8

be brokered; bartered; attached; pledged;

gifted; sold; or unless specifically

authorized by Us, transferred to anyone

else under any circumstances, including,

but not limited to: disability; death; upon

operation of law, or in connection with any

domestic relations dispute and/or legal

proceeding.

• We shall have no liability for

disagreements between Cardholders

regarding Cash Rewards.

• Unless specifically authorized by Us,

Cash Rewards may not be combined with

other discounts, special rates, promotions

or other reward programs offered by Us.

• Unless specifically authorized by Us,

Cash Rewards cannot be transferred

between any credit card accounts issued

by Us.

• Cash Rewards may not be combined

with any other entity, including airline

frequent flier, hotel frequent guest or

other travel-related or membership

reward charge or credit card programs,

whether in the U.S. or abroad.

• There is no expiration date on your

Cash Rewards, as long as your account

remains in good standing.

Redemption of Cash Rewards

• You can redeem Cash Rewards in U.S.

dollars. You can request an electronic

deposit to an Eligible Account, a

statement credit, or a check.

• One-time redemptions for a contribution

to a qualifying 529 account or

redemptions for a check have a $25

minimum redemption amount.

Redemptions for an electronic deposit

into a Bank of America

checking or

savings account, qualifying Cash

Management Account

with Merrill Lynch

Wealth Management

or Merrill Edge

for a statement credit have no minimum

redemption amount.

• Automatic redemptions for an electronic

deposit into a Bank of America checking

or savings account or into a qualifying

Cash Management Account

with

Merrill Lynch Wealth Management

Merrill Edge

have a $25 minimum

redemption amount.

• We deduct the Cash Rewards you

redeem from your Cash Rewards balance

on the date you request a redemption.

• Either you, as the Cardholder, or any

authorized user may request to redeem

Cash Rewards.

• We have no liability for fulfilling Cash

Rewards requests in good faith in

response to any person claiming authority

on your behalf.

• Once We issue Cash Rewards, if any

transaction contributing to the value of

those Cash Rewards is refunded or

credited, or otherwise rescinded, We may,

at Our discretion, reverse a statement

credit to your Card, stop payment on any

check, and/or withhold subsequent Cash

Rewards, or collect any amount you owe,

in any appropriate manner. This includes,

but is not limited to, the posting of an

equivalent dollar debit in the form of a

cash advance transaction to your Card.

• A 529 plan contribution resulting from

rewards redemption is treated as any

other plan contribution, and may be

subject to gift tax and/or generation-

skipping tax. You are responsible for

any tax liability and any related tax-return

reporting obligations that may result from

your rewards redemption, so please

consult your tax advisor to understand the

tax consequences as Bank of America

does not provide tax advice.

• 529 contributions made by individuals

with an international address will be

rejected and returned.

• If you are considering redeeming for a

contribution to a 529 account held at

Merrill Lynch, please refer to the 529

account’s Program Description for

additional details about the plan, including

maximum lifetime contribution limits.

Page 9

Automatic Redemption

• To turn on automatic redemption, go to

the Site, Mobile Banking application or

call the number on the back of your Card

to designate a Bank of America

checking

or savings account, a qualifying Cash

Management Account

with Merrill Lynch

Wealth Management

or Merrill Edge

Statement credits, checks and

contributions to a 529 account are not

eligible for automatic redemption

enrollment.

• After you turn on automatic redemption,

at the end of each calendar month during

the month in which your Cash Rewards

balance meets or exceeds the minimum

$25 required for redemption, all of your

available Cash Rewards will be

automatically redeemed.

• Automatic redemptions for an electronic

deposit into a Bank of America

checking

or savings account or into a qualifying

Cash Management Account

with

Merrill Lynch Wealth Management

Merrill Edge

have a $25 minimum

redemption amount.

• The Cash Rewards cash value will be

deposited within five business days via

electronic transfer into the

Bank of America checking or savings

account or qualifying Cash Management

Account

with Merrill Lynch Wealth

Management or Merrill Edge that you

selected as long as your account is an

Account in Good Standing.

• 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 any future Cash

Rewards.

Redemption for Electronic

Deposit to an Eligible Account

• 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 your request.

• If an electronic deposit is rejected for

any reason, We will void the deposit

and reinstate the Cash Rewards to your

Card account.

• If an electronic transfer is rejected, We

will notify you within 15 business days of

your request at the email address on file.

Redemption for Statement

Credits

• Cash Rewards redeemed for a statement

credit to your Card will post to your

account within three business days of the

date of redemption.

• Statement credits will generally be applied

to your existing balance with the highest

priced Annual Percentage Rate (APR).

• If you receive a statement credit, you are

still responsible for paying your Minimum

Payment Due shown on each monthly

billing statement you receive from Us.

Redemption for Checks

• Cash Rewards checks will only be made

payable to the individual designated by

Us as the Primary Cardholder.

• Check redemptions start at $25.

• We will mail each check to the Primary

Cardholder’s billing address via first-class

U.S. mail within 14 business days of the

redemption.

• Checks can only be sent within the 50

United States and U.S. territories.

• We are not responsible for lost, stolen,

or undelivered checks.

• Requests for multiple checks are

processed and mailed separately.

Page 10

• Checks are valid for 90 days from date

of issue. An expiration date will appear

on each check.

• We will void any check that is not

presented for payment before the

expiration date. In such cases, We will

award the Cash Rewards as a statement

credit posting to your Card within two

Billing Cycles following the expiration

date. This will appear on your account

as a retail credit adjustment.

• There is no limit to the number of checks

you can receive.

Additional Terms

Program changes

Changes to the Program and the Program

Rules may occur from time to time. When

any change is made, We will post revisions

on the Site. In some 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.

We may choose to:

• Discontinue or replace any type of Cash

Rewards with a similar one of equal or

greater value.

• Change any part of the Program or

Program Rules.

• Terminate the Program, or discontinue

your participation in it for any reason.

For example, We may disqualify you from

earning and redeeming Cash Rewards if

We find that you or someone else used

your account in a way that breaks the

Program Rules.

Changes may also affect outstanding

transactions and Cash Rewards, including,

but not limited to:

• The earnings rate for Cash Rewards

• The types of transactions that qualify

for Cash Rewards

• The type or value of Cash Rewards

• The minimum amount of Cash Rewards

required for redemption

The Program is not scheduled to end

on a predetermined date.

Disputes regarding Rewards

• 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

Program administration

• Bank of America, N.A. manages the

Program.

• Bank of America, N.A. is the exclusive

issuer and administrator of this Program.

General liability

The Card is separate and distinct from

any accounts you may have with

Bank of America 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,

N.A., 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.

Page 11

• 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 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 or

unauthorized access to, or alteration of

Cash Rewards accrued and redeemed or

other 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 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 Program, see the Terms of Use at

the Site.

Service marks and trademarks

Merrill Lynch, Merrill Lynch Wealth

Management, Merrill Edge, Cash

Management Account, CMA,

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.

Merrill Lynch Wealth

Management makes available

products and services offered

by Merrill Lynch, Pierce, Fenner & Smith

Incorporated, a registered broker-dealer

and Member SIPC, and other subsidiaries

of Bank of America Corporation (“BofA

Corp”).

Banking products are provided by

Bank of America, N.A., and affiliated banks,

Members FDIC and wholly owned

subsidiaries of BofA Corp.

Investment products:

• Are Not FDIC Insured

• Are Not Bank Guaranteed

• May Lose Value

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