Bank of America vs Every Rival: Comparisons & Stats 2026

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Bank of America

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Bank of America vs Every Rival

Compare Bank of America versus every rival — head-to-head records, stats, and matchup breakdowns side by side, updated for 2026.

About Bank of America

Bank of America Corporation is the second-largest bank in the United States by total assets ($3.3 trillion) and serves approximately 69 million consumer and small business clients. Bank of America operates nearly 3,900 financial centers and 15,000+ ATMs, second only to Chase in US retail banking coverage. Its flagship consumer products include Bank of America Advantage Banking (checking), Merrill Edge (online investment brokerage), Merrill Lynch (wealth management), and a suite of credit cards including the Cash Rewards and Travel Rewards cards. Bank of America's Preferred Rewards program is a standout feature: customers with $20,000-$1 million+ in combined balances earn significant rewards boosts (up to 75% more on credit cards, fee waivers, and mortgage rate discounts). The bank has invested heavily in digital banking — its mobile app serves 57 million digital users. BofA is headquartered in Charlotte, North Carolina.

2nd largest US bank — $3.3T assets69M consumer clientsPreferred Rewards — best bank loyalty programMerrill Edge + Merrill Lynch investment integration

Frequently Asked Questions

What is Preferred Rewards at Bank of America?

Preferred Rewards is Bank of America's loyalty program that rewards customers with higher combined balances across checking, savings, and Merrill investment accounts. At Gold ($20K), Platinum ($50K), and Platinum Honors ($100K) tiers, you get credit card rewards boosts of 25-75%, reduced/eliminated fees, and mortgage rate discounts. It's one of the best bank loyalty programs for customers who keep significant assets at one institution.

Bank of America vs Chase: which is better?

Chase has better credit card rewards overall (Sapphire Reserve is superior to BofA's travel cards for most users). BofA's Preferred Rewards program wins for customers with $50K+ in combined balances — it provides outsized rewards that can exceed Chase's offerings. For most consumers without large balances, Chase's Sapphire cards edge out BofA. For investors who also want to bank, BofA's Merrill integration is a significant advantage.