Consumer Payment Card News

Well-Heeled Card

Bank of America has launched a premium credit card for its most affluent customers with at least $100,000 on deposit. The new “Bank of America Accolades American Express” card will be targeted at BofA’s clients served through Premier Banking & Investments, The Private Bank of Bank of America and its extension, Family Wealth Advisors. The new card offers extensive concierge type benefits as well as access to premier events and attractions. BofA will rebate the $295 annual fee for its Premier Banking & Investments, Private Bank and Family Wealth Advisors clients. Clients with more than $200,000 in assets with BofA will receive access to enhanced benefits, such as comprehensive identity theft protection and recovery services, and complimentary access to more than 500 airport lounges worldwide. Clients in The Private Bank and Family Wealth Advisors will also have the ability to use rewards points to make charitable contributions matched by Bank of America. For more information visit: “”:

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