Bank of America began offering subscription credits on May 27, 2026, as it replaced its Preferred Rewards program with BofA Rewards, giving eligible customers up to $180 a year toward select streaming and news services, according to the bank’s program terms. The benefit is available to members in the Preferred Honors and Premier tiers, and it is designed to offset part of the cost of monthly subscriptions paid directly with a Bank of America debit card tied to a designated checking account.
Program Background
The rollout comes as most existing members are being grandfathered into their current tier for up to 11 more months, giving customers time to adjust to the new structure. Bank of America says eligible merchants can change without notice, and the subscription credit details appear inside the logged-in Rewards & Deals area rather than on a public-facing page.
That limited visibility has made the benefit harder for some customers to evaluate. The bank’s terms require users to agree to the full subscription credit rules before earning credits, and the monthly reimbursement caps differ by tier.
What the Credit Covers
Preferred Honors members may receive up to $8 per month, while Premier members may receive up to $15 per month, according to the bank. Based on the merchants currently listed in the rewards portal, the credit can be applied to Paramount+, SiriusXM, The Wall Street Journal, and The Economist.
Those services span entertainment and news, but the benefit only works in monthly increments, which limits how much of each bill can be covered. Paramount+ Essential costs $8.99 a month and Paramount+ Premium costs $13.99 a month. SiriusXM’s App-Only All Access plan is $11.99 a month, while its Car + App All Access plan is listed at $25.99 a month. The Wall Street Journal’s digital subscription is $11.25 a week, or $8 every four weeks for the first year, and The Economist’s digital access is $29 every four weeks.
What It Means for Customers
The benefit may appeal most to customers already paying for one of the listed services, especially those in the Premier tier who can cover a larger share of a monthly bill. For others, the current lineup may feel narrow. The available merchants do not include some of the country’s largest subscriptions, such as Netflix, which leaves the program less flexible than some customers expected.
For the banking and subscription industries, the offer signals a continued push to bundle lifestyle perks into premium financial products. What to watch next is whether Bank of America expands the merchant list, rotates eligible services more often, or adjusts the monthly caps as the new BofA Rewards structure settles in.
