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.
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Thinking about paying the utilities. And since the 5th is on a Saturday and I would pay over the phone just wondering if they will post that same day.
For my bills I just plan to buy the MCGC’s that are on sale this week and then pay with those.
I have been a Platinum Honors over $100K for years. I get 3% on online shopping + 1.75% Where are you getting 3.5%+ 1.75% ?
With platinum honors, you should be getting 3% * 1.75 = 5.25% for the category of your choice for the cash rewards card. Or 2.625% (all other) / 3.5% (travel/dining) for the premium rewards card.
Thanks! I was adding the two numbers but you are multiplying:) So I will assume my error!
Thank you for the correction!
1. As 11/5 is Saturday, I am not sure Pay1040.com will post the payment on the same day.
2. And Pay1040.com won’t be deemed by BA as online purchases.
Can someone please confirm, thanks
1. You could test this Saturday with a very tiny purchase and let us know the results 😁
2. I don’t think it will be deemed as online shopping, but I believe it counts as a purchase. If so, up to 4.62% is still pretty solid.
I have a property tax due at the end of the year, if I pay by credit card, does it count as retail transaction? does it get posted the same day? Anyone has experience?
For payments made online, a convenience fee of 2.5% will be charged for a credit card transaction. If that works, that’d be easy 2.12% (2.62%+2%-2.5%).
The unknown is will the site process on 11/5 as it happens to be Saturday. I noticed some of my grocery transactions are always posted the next day of shopping. However online transactions maybe processed on the same day, even on weekends?
I guess I have nothing to lose, even if they don’t give 2% extra, I will still come out ahead with
0.12% (2.62%-2.5%). With property tax, we are talking thousands of $$.
Lucky you. My local MUD charges 3.99% fee CC payment.
It is important to note the fine print on the Bank of America offer:
Purchase eligibility is based on transaction(s) occurring on the account from 12:00am to 11:59pm Eastern Time (ET) on 11/05/2022. This means that your transaction must occur during the Eastern Time promo period – not your local time. For example, a transaction that occurs at 11pm Pacific time on 11/05/2022 would be considered 2am Eastern Time on 11/06/2022 and therefore will not be eligible for the bonus offer.
Good point, I plan to make some charitable donations tomorrow, was going to do it in the morning anyway but definitely can’t wait too late into the evening.
Will you get the bonus if you have multiple cards under the same account? For example if I purchase 2500.00 on the Platinum Rewards card and Custom Cash card will it be 50 in rewards or 50 +50?
Does the promotional offer apply to all my credit card accounts?
This promotional offer is applicable to all Bank of America Consumer and Small Business credit card accounts that are open with active charging privileges on November 9, 2023 and throughout the promotional period, which is inclusive of the date the offer begins through the date the promotional cash rewards, points, Miles, or statement credit are fulfilled.