Bank of America Delivers First Premium Credit Card Designed Exclusively for its Wealthy and Affluent Clients

BOSTON, June 11 /PRNewswire/ -- Bank of America today introduced the Bank of America Accolades(TM) American Express(R) card, the first premium credit card designed exclusively for Bank of America's affluent, wealthy and ultra- wealthy clients served through Premier Banking & Investments(TM), The Private Bank of Bank of America and its extension, Family Wealth Advisors.

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The new Bank of America Accolades card delivers to clients some of the most competitive benefits and features available in a premium card and represents the latest relationship-based offer from Bank of America for its affluent and wealthy clients. In order to reward clients for continuing to do business with Bank of America, the bank will rebate the annual fee for its Premier Banking & Investments, Private Bank and Family Wealth Advisors clients.

"As our clients accumulate wealth and their needs change, we will be with them every step of the way, with innovative products to help fulfill their needs and represent what we believe to be the best Bank of America has to offer," said Global Wealth & Investment Management Products Group President John Bahnken. "The Bank of America Accolades card is yet another proof point in our commitment to rewarding clients and deepening relationships through an integrated approach to wealth management."

The Bank of America Accolades card is designed for clients who value the service, rewards and convenience associated with building broader relationships through Bank of America. Cardmembers will enjoy exclusive access to once-in-a-lifetime adventures and experiences, limited edition memorabilia and access to premier events and attractions, along with a broad range of travel offers and upgrades, including privileges at some of the world's top hotels, complimentary airline companion tickets and emergency medical evacuation.

The card also is designed to ensure clients receive the exceptional service they expect, through a dedicated team of some of Bank of America's most experienced service representatives available around the clock. Cardmembers will also have access to a full-service concierge to cater to clients' wishes at a moment's notice, including event tickets, gift referrals, restaurant reservations, and travel information and assistance.

Further, clients with more than $200,000 in assets with Bank of America 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.

Bank of America has been serving affluent and wealthy individuals for more than 200 years. The bank's holistic approach already incorporates trust and investment management, retirement solutions, world class credit, philanthropic management and banking services.

About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 56 million consumer and small business relationships with more than 5,700 retail banking offices, more than 17,000 ATMs and award-winning online banking with nearly 22 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Fortune Global 500. Bank of America Corporation stock is listed on the New York Stock Exchange. http://www.bankofamerica.com/

Website: http://www.bankofamerica.com/

Premier Banking & Investments TM is offered through Bank of America Premier Banking(R) and Banc of America Investment Services, Inc.(R)

Banking products are provided by Bank of America, N.A., member FDIC. Investment products: Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed

Investment products and services may be available through a relationship managed by The Private Bank of Bank of America or through a relationship with Banc of America Investment Services, Inc. Certain Private Bank associates are registered representatives with Banc of America Investment Services, Inc. and may assist you with investment products and services provided through Banc of America Investment Services, Inc. and other non-bank investment affiliates. Banc of America Investment Services, Inc. is a registered broker-dealer, member NASD and SIPC, and a nonbank subsidiary of Bank of America, N.A.