Focus on programs that will deliver the most value to you, based on your needs. Rewards programs often go beyond just credit card points to include banking perks (such as no minimum balance and waived ATM fees) and experiential benefits (such as cash back at select stores and subscription credits). As your balances grow, you may also unlock exclusive experiences and perks, like early access to ticket sales, preferred travel booking opportunities and dedicated concierge services.

It’s important to look at the total value you’re getting from a bank rewards program, then find the best option for you based on what the program offers and what you will actually use. Choose a bank rewards program that adds value to the products you’re already using.

A rewards calculator can help estimate how much you can save based on your balances with the bank.

Every bank has different requirements. Some rewards programs require a minimum balance with the bank or charge a fee to enroll, while others are free. For example, BofA Rewards™ only requires a qualifying Bank of America personal checking account. There’s no minimum balance requirement and no fee to join. Be sure to review any program’s requirements before signing up.

It should! A strong rewards program should evolve as your financial needs change. Think about milestones, like buying a car, purchasing a home or building savings and investments for your future. As your combined balances grow, so should your benefits. Benefits usually increase in tiers based on your relationship with the bank, like your account balances, how many products you use and your activity level (such as debit or credit transactions or direct deposit enrollment). As you move up, you may unlock higher reward rates, reduced fees, discounts on home loans and more exclusive experiences.

Some banks offer partnerships that give members access to exclusive discounts, cash back or perks from a wide range of retailers. Each bank’s program is different. For example, BofA Rewards offers cash back deals and discounts at over 15,000 merchants — including popular national and local clothing, dining and travel brands. Exclusive member-only deals are also available to those who qualify. These benefits can be especially valuable if they align with your current spending habits.

Security is paramount in any financial relationship you have. Look for rewards programs that offer enhanced security features like fraud protection, identity theft safeguards or even a premium fraud package.

Unfortunately, hacking and compromised information have become commonplace in our digital world. If this happens to you, generally, a company will provide a year of free credit monitoring after such an event. But then what? If it’s already a part of your rewards program, you may be covered before damage.

Often the more accounts or products you have with your bank, the more personalized benefits they can offer. Members with higher balances across checking, savings and investment accounts enjoy increased benefits — like premium or customizable perks, such as luxury brand deals and exclusive experiences.