Bank of America Bonus Day (November 7): Earn more points, miles and cash back on purchases

Bank of America offers a large card portfolio. Some carry the Bank of America brand under their name, e.g Bank of America® Custom Cash Rewards Credit Card and Bank of America® Premium Rewards® Credit Card. Others, such as Alaska Airlines Visa Signature® Credit Cardis a co-branded card offered by Bank of America. Regardless of your Bank of America card (or cards), you should know that More Rewards Days is returning for a third year.

More bonus days are when Bank of America credit card — including those who don’t normally earn rewards — will earn additional rewards from midnight to 11:59 p.m. EST on November 7. Specifically, you’ll earn the following when you make purchases with card on Other Rewards Days:

• Cash back credit card: Earn 2% extra cash back on your first $2,500 purchase.
• Rewards credit cards earn points or miles: Earn 2 extra points or miles per dollar spent on the first $2,500 in purchases.
• Credit cards do not reward: Earn 2% cash back in statement credits on your first $2,500 purchase.

Related: Is the Bank of America Premium Rewards Card worth the $95 annual fee?

You do not need to register to enjoy these bonus earnings, in addition to the rewards you already earn on purchases. The $2,500 purchase limit for the Other Rewards Day bonus is “per single account or per unique small business,” according to press release.

For example, let’s say you have one Alaska Airlines Visa Signature Card. In that case, you typically earn 3 miles per dollar spent on qualifying Alaska Airlines purchases; 2 miles per dollar spent on gas, electric vehicle charging stations, cable, streaming services and qualifying local transit purchases; and 1 mile per dollar spent on all other purchases.

However, on purchases of up to $2,500 on Bonus Day (November 7), you’ll earn 5 miles per dollar spent on qualifying Alaska Airlines purchases; 4 miles per dollar spent on qualifying gas, EV charging stations, cable, streaming services and local transit purchases; and 3 miles per dollar spent on all other purchases.

Related: Alaska Airlines Visa Signature Credit Card Review: Earn hard-earned miles with a valuable welcome offer

If you are a part of Bank of America Preferred Rewards ProgramYou’ll earn Preferred Rewards rewards on your purchase as usual. However, you will not earn Preferred Rewards rewards on top of the bonus amount through this promotion.

According to Bank of America Other Bonus Day SitesAll open and active Bank of America consumer and small business cards should be eligible, but you will need to keep your account open and active until additional rewards arrive. your account. The FAQ section on the Other Bonus Days website notes that it may take two billing cycles after the promotion 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 are eligible. So keep this in mind if you buy items where the seller is unlikely to charge you the same day. For example, some online sellers don’t charge you until they ship your order.

Related: Best credit cards for online shopping

Bottom line

You can have a Bank of America card even if it doesn’t have Bank of America on the front. So check the cards in your wallet and consider whether you want to make any big purchases or any holiday shopping you want to do on Another Rewards Day.

“As our customers prepare for the holidays, we celebrate them with More Bonus Days. Whether they’re shopping for gifts, booking travel or purchasing everyday essentials, promotions This allows our cardholders to maximize rewards and get more value from their spending to start this season,” said Mary Hines Droesch, head of banking and consumer lending products, business sales and asset management at Bank of America, said in a report. press release.

You’ll earn 2% more cash back or 2 more points or miles per dollar on up to $2,500 in purchases when you use a Bank of America consumer or small business credit card on Other Reward Dates. However, it depends on what other cards you have in your wallet and whether you’re aiming for any of them. Minimum spending requiredyou can still use another way which will be better credit card rewards for your purchase.