Bank of America More Rewards Day
On Thursday, November 7th, Bank of America will bring back its ‘More Rewards Day’ promotion. This is a one-day celebration giving Bank of America consumer and small business cardholders the opportunity to earn bonus rewards for all the purchases they make with a Bank of America credit card on that day only.
On More Rewards Day, all Bank of America consumer and small business credit cardholders will automatically earn an additional two percent cash back, two points per $1, or two miles per $1 spent. The bonus rewards are automatically applied to the cardmember’s account.
The additional rewards will apply to the first $2,500 of Purchase transactions, up to a maximum of $50 in cash rewards, 5,000 points, or 5,000 Miles per unique Consumer credit card account. That means that if you have more than one Bank of America card, you can earn up to 10,000 miles two cards, 15,000 with three cards and so on.
The promotional offer is in effect 12:00am to 11:59pm Eastern Time (ET) on November 7, 2024. Only purchases that post to your account and appear on your statement with a transaction date of November 7, 2024 ET will qualify. So you should be careful with online purchases, as sometimes they will not post until an item ships.
Check out the full details of Bank of America’s More Rewards Day.
Preferred Rewards
This promotion is especially valuable for those Preferred Rewards members who also get up to 75% more in rewards for all their purchases. The top bonus rate is for Platinum Honors, Diamond or Diamond Honors tiers. Bank of America Preferred Rewards members will earn their Preferred Rewards bonus on their purchase amounts, but not on the incremental bonus earn for this promotion.
So let’s take the Bank of America® Customized Cash Rewards credit card for example, which earns 3% cash back on the top spending category. With the 75% Preferred Rewards bonus, you normally earn 5.25% cash back on one eligible category. And on November 7th, you will get an additional 2% cash back. That means that your top spending category will earn you 7.25% cash back on up to $2,500 in spending.
Credit: Source link
