Promo is back again for 2023, this time with a $50 cap per card. Bank of America has a one-day credit card promotion called “More Rewards Day” on Thursday, 11/9/23. Depending on your BofA credit card type (all consumer and business card are all eligible), you can earn an additional 2% cash back or 2 points or miles/$1 spent on purchases made on 11/9/23 only (Eastern time zone!), up to a $50/5,000 point cap per unique credit card account. That’s on on top of the rewards you’re already earning. No enrollment required. Specifically:
- Cash Back Credit Cards. Earn an additional 2% cash back for every $1 spent on purchases made on 11/09/23 ET. This one-day offer is good for the first $2,500 in purchases up to $50 cash back. 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 made on 11/09/23 ET. This one-day offer is good for the first $2,500 in purchases up to 5,000 points. 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 made on 11/09/23 ET. This one-day offer is good for the first $2,500 in purchases up to 5,000 Miles. 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 11/09/23 ET. This one-day offer is good for the first $2,500 in purchases up to $50 cash back.
You can get the bonus on each of your unique credit cards. Note that it expires 11:59pm in the Eastern time zone. It appears that somehow they can track the “transaction date” separately from when it posts to your statement. Last they they allowed some leeway, although some did have to contact them directly.
The promotional offer is in effect 12:00am to 11:59pm Eastern Time (ET) on November 9, 2023. Only purchases that post to your account and appear on your statement with a transaction date of November 9, 2023 ET will qualify. Merchants provide the transaction date, which may be on or after the date you authorized the transaction, and before the date the transaction posts to your account. Transactions with delayed processing of 90 days or more will not be eligible to be included in the promotional offer.
This is an interesting promotion that could work out well if (1) you have a BofA rewards card (or multiples) with good rewards already, (2) you have the Preferred Rewards boost, (3) you have large purchases planned in one of your customized bonus categories, or just any large purchase really, and (4) it is the type of purchase that applies the same day (sometimes you don’t get charged until something ships). Your total cash back could be 4.6% or more. Some possibilities:
- Pay estimated income taxes at PayUSATax.com for only 1.85% fee.
- Pay your insurance premiums upfront. My State Farm grouped monthly bill can also be timed using manual payment.
- Pay your utilities, property taxes, phone bills, and other monthly bills upfront. Sometimes it just costs a one-time flat fee to pay by credit card, which can be worth if you are charging $1,000+.
- Make your annual charitable contributions on 11/9/23 this year.
- Gas, online shopping, dining, travel, drug stores, or home improvement and furnishings are choices for your 3% category for the BofA Customized Cash card = up to 5.25% with Preferred Rewards = 7.25% cash back total with this promo. You can change your category this month in app and then max your $2,500 quarterly limit using gift cards at Amazon (online shopping), Home Depot (home improvement), and so on.
