Bank of America offers a wide portfolio of cards. Some carry the Bank of America brand in their names, such as Personalized Bank of America® Cash Rewards Credit Card and the Bank of America® Premium Rewards® Credit Card. Others, like the Alaska Airlines Visa Signature® Credit CardThey are co-branded cards offered by Bank of America. Regardless of your Bank of America card (or cards), you should know that More Rewards Day is returning for a third year.
Most Rewards Day is when bank of america credit cards (including those who don’t normally earn rewards) will earn additional rewards between midnight and 11:59 pm EST on November 7. Specifically, you’ll get the following for purchases made with your card on More Rewards Day:
- Cash Back Credit Cards: Earn an additional 2% cash back on your first $2,500 in purchases.
- Rewards credit cards that earn points or miles: Earn 2 additional points or miles for every dollar spent on the first $2,500 in purchases.
- Non-rewards credit cards: Earn 2% cash back as a statement credit on your first $2,500 in purchases.
Related: Is the Bank of America Premium Rewards Card worth the $95 annual fee?
You don’t need to sign up to enjoy these additional earnings, which are on top of the rewards you already earn for your purchases. The $2,500 purchase limit for bonus earnings on Bigger Rewards Day is “per single account or each single small business,” according to the Press release.
For example, suppose you have a Alaska Airlines Visa Signature Card. In that case, you typically earn 3 miles for every dollar spent on eligible Alaska Airlines purchases; 2 miles per dollar spent on eligible purchases of gasoline, electric vehicle charging station, cable, streaming services and local public transportation; and 1 mile per dollar spent on all other purchases.
However, for up to $2,500 in purchases on More Rewards Day (November 7), you’ll earn 5 miles for every dollar spent on eligible Alaska Airlines purchases; 4 miles per dollar spent on eligible purchases of gasoline, electric vehicle charging stations, cable, streaming services and local public transportation; and 3 miles per dollar spent on all other purchases.
If you are part of the Bank of America Preferred Rewards Programyou’ll earn your Preferred Rewards bonus on the purchase amount as usual. However, you will not earn the Preferred Rewards bonus on incremental bonus earnings through this promotion.
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According to the Bank of America More Rewards Day WebsiteAll open and active Bank of America consumer and small business cards should be eligible, but you’ll need to keep your account open and active until the additional rewards hit your account. The FAQ section of the More Rewards Day website notes that it may take two billing cycles after the promotional offer ends to see the additional rewards in your account.
Finally, only purchases that post to your account and appear on your statement with a transaction date of November 7 will qualify. So keep this in mind if you purchase items for which the merchant will not charge you on the same day. For example, some online merchants don’t charge you until they ship your purchase.
Related: The best credit cards for online purchases
In a nutshell
You may have a Bank of America card even if it doesn’t say Bank of America on the front. So, review the cards in your wallet and consider if there are any major purchases you want to make or holiday purchases you want to make on Most Rewards Day.
“As our customers prepare for the holidays, we’re celebrating with More Rewards Day. Whether they’re shopping for gifts, booking travel or purchasing essential items, this promotion allows our cardholders to maximize their rewards and get more value in their spending to start the season,” said Mary Hines Droesch, head of consumer banking and lending, business and wealth management products, in a statement. Press release.
You’ll earn 2% more cash back or 2 more points or miles per dollar spent on purchases up to $2,500 when you use a Bank of America consumer or small business credit card on More Rewards Day. But, depending on what other cards you have in your wallet and if you’re working toward any minimum spending requirementsyou may be better off using another rewards credit card for your purchases.
