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.
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).