Bank of America 1-Day Promotion, Extra 2X Everywhere for All Cardholders
Bank of America has announced a great one-day promotion for early November. All cardholders will earn an additional 2% or an extra 2X in rewards for all purchases for 24 hours only. This could be a good opportunity to earn a great rate on big spending. Let’s see the details.
UPDATE 11/5/22: NOW LIVE! Go get after it!!
The Offer
Mark your calendar for More Rewards Day on Saturday, 11/5/22. More cash back. More points. More Miles. One day only.
- Cash Back Credit Cards: Earn an additional 2% cash back on purchases made on 11/5/22. That’s on top of the rewards you’re already earning.
- Points Rewards Credit Cards: Earn an additional 2 points for every $1 spent on purchases on 11/5/22. That’s on top of the rewards you’re already earning.
- Miles Rewards Credit Cards: Earn an additional 2 Miles for every $1 spent on purchases on 11/5/22. That’s on top of the rewards you’re already earning.
- Non-Rewards and All Other Rewards Credit Cards: Earn 2% cash back in the form of a statement credit on purchases made on 11/5/22.
No enrollment is needed. Just shop Saturday, November 5, 2022 to earn bonus rewards. See promotion page here.
Key Terms
- The promotional offer is in effect 12:00am to 11:59pm Eastern Time (ET) on November 5, 2022.
- Only purchases that appear on your statement with a transaction date of November 5, 2022 will qualify. Transactions with delayed processing of 90 days or more will not be eligible to be included in the promotional offer.
- This promotional offer applies to all purchases. Certain transactions, such as Cash Advances, Balance Transfers and Wire Transfers, are not considered retail purchases and do not apply for purposes of this offer.
- Please allow up to 12 weeks after the promotional offer ends for the bonus rewards to be added to your account.
Conclusion
This is a great promotion if you need to make any large purchases. Just wait until November 5th to make those purchases. And you even have time to apply for any Bank of America credit cards that you might have your eyes on.
You can pay for major home improvements, pay your taxes, purchase gift cards especially if there are any promotions going on, prepay any bills that you can, and more.
This can be an even better promotion for those enrolled in Preferred Rewards who get an extra 75% bonus on regular rewards earned. The Preferred Rewards bonus does not apply to the incremental bonus earn for this promotion.
Several cards offer 1.5% cash back on all purchases and with the top-tier Preferred Rewards bonus that goes up to 2.62% on all purchases. Add the 2% promotion and you will earn 4.62% on all purchases on November 5, 2022.
HT: Doctor of Credit
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Hard to manage some big charges on a Saturday. They often go to Pending and don’t show up for several days. I thought this was a great deal, but not sure I’ll get any bonuses out of it.
Cardless, X1, and other such card issuers exploded on the scene with incredible cash-back rates. People altered their strategy and chased those cards. Later, card issuers determined those rates to be unsustainable and then lowered them. Only to leave people returning to their prior cash-back strategy.
With regard to this story, the big question is whether this is a one-and-done offer or BofA follows Bilt’s once-a-month example. Without a repeat performance, such a deal is more of an advertising gimmick for BoA and doesn’t really move the needle for anyone.