I thought the current top tier requires only $100K? Is there an extra boost for over $250K? I am fine with the new program adding benefits to those new tiers requiring higher balances as long as they don't mess around with the current tiers and associated benefits.
LAX
This general confusion on tiers is part of why I suspect the upcoming changes are taking place. BoA and Merrill have traditionally had separate tier levels. From a credit card perspective, the highest BoA tier is at $100K+ and that tier gives the 75% bonus. Internally at Merrill, there is a $250K+ tier as well (in addition to 2 higher ones) - whatever benefits those entail seem challenging at best to track down anywhere. What is of particular interest here to many is whether or not existing BoA tiers and related credit card bonuses will take a cut of any kind as all this shakes out.
It will also be somewhat amusing to find out what kind of 'lifestyle' benefits are offered in the higher tiers as these are frequently way off the mark from many financial institutions - looking at you AMEX Plat going with Walmart+ haha.