Is there any downside in opting in for Bank of America Preferred Rewards?
I haven't seen any but opting in is voluntary and one can opt out, which makes me wonder whether there exists any downside.
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When offering new perks to their customers, sometimes banks will require their members to opt-in with an action such as enrolling online. There are 2 main reasons banks do this:
In my experience, which I think is also true in this case, there's rarely (if ever) a good reason not to enroll for additional free perks, except that you have to spend a couple of minutes doing it (which for me sometimes is reason enough not to).