Bank of America Credit Cards – 2% More Rewards Day on Saturday 11/5/2022

Bank of America is running a credit card promotion called “More Rewards Day” on Saturday, 11/5/22. Depending on your BofA credit card type (both consumer and business), you can earn an additional 2% cash back or 2 points or miles/$1 spent on purchases made on 11/5/22 only. Yes, that’s on on top of the rewards you’re already earning. No enrollment required.

Cash Back Credit Cards. Earn an additional 2% cash back on purchases made on 11/5/22.
Points Rewards Credit Cards. Earn an additional 2 points for every $1 spent on purchases on 11/5/22.
Miles Rewards Credit Cards. Earn an additional 2 Miles for every $1 spent on purchases on 11/5/22.
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.

Thanks to reader Bill for the tip, as even though I have use both my BofA consumer AND business rewards credit cards regularly and am part of their Preferred Rewards program, I was not notified about this offer.

This is an interesting promotion that would work out well if (1) you have a good BofA rewards card, (2) you have the Preferred Rewards boost, (3) you have large purchase(s) planned in one of your customized bonus categories, or just any large purchase really, and (4) it is the type of purchase that posts on the same day (sometimes you don’t get charged until something ships). Your total cash back on 11/5/22 could be 4.6% or more. Some possibilities:

Pay estimated income taxes at Pay1040.com for only 1.87% fee.
Pay your insurance premiums for the entire year upfront. My State Farm grouped monthly bill can also be timed using manual payment.
Pay your utilities upfront if possible. Sometimes it just costs a one-time flat fee to pay by credit card.
Make your annual charitable contributions on 11/5/22 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.

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Bank of America Credit Cards – 2% More Rewards Day on Saturday 11/5/2022 from My Money Blog.