Consumer and Small Business Credit Cardholders Will Earn Extra Cash Back, Miles or Points to Help Kick Off the Holiday Season 

CHARLOTTE, N.C., Oct. 24, 2023 /PRNewswire/ -- Bank of America announced it will celebrate clients on Thursday, November 9, 2023, with its second annual More Rewards Day – a single day during which bank credit cardholders can earn even more rewards on their purchases. Consumer and Small Business cardholders earned approximately $25 million in extra rewards during More Rewards Day in 2022.

On More Rewards Day, Bank of America consumer and small business credit cardholders with rewards cards will automatically earn bonus rewards of 2% cash back, two points per $1, or two miles per $1 spent on top of the rewards they typically earn. Credit cardholders who do not have a rewards product will earn bonus rewards through a statement credit equal to two percent cash back, on the first $2,500 in purchases made on November 9, 2023, per each unique account or each unique small business company. Bonus rewards will be automatically applied to their account, without the need to enroll.*

"With the holiday season upon us, we want to express our gratitude for our clients' loyalty," said Jason Gaughan, Head of Consumer Card Products at Bank of America. "Once again, we are hosting More Rewards Day to help cardholders easily earn more bonus rewards while buying the things they need for the holidays. All you have to do is make purchases with your card to earn the extra rewards." 

According to a new Bank of America survey, more than half (51%) of Americans plan to do most of their holiday shopping on or before Black Friday and Cyber Monday this year. With the holiday season off to another early start, More Rewards Day is designed to help clients optimize their spending and make their money go further while managing year-end expenditures.

All Bank of America consumer and small business credit cards that are open with active charging privileges on More Rewards Day are eligible, with the type of reward earned dependent on the card that is being used.

Bank of America Preferred Rewards members will earn their Preferred Rewards bonus on their purchase amounts as usual, but not on the incremental bonus earned for the More Rewards Day promotion. 

For more information, please visit bankofamerica.com/morerewardsday. 

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

*The offer will be in effect for one full day on all purchases made with a Bank of America credit card from 12:00 a.m. to 11:59 p.m. Eastern Time on Thursday, November 9. Purchases must have a transaction date of November 9, 2023, to qualify. Bonus rewards earned on 11/9 will be capped at $50 cash back/5,000 points/5,000 miles/$50 statement credit, per unique consumer or small business account.

The retail purchase must appear on the customer's statement with a transaction date of November 9, 2023, to qualify. Transactions with delayed processing of 90 days or more will not be eligible to be included in the promotional offer. This promotional offer does not apply to past purchases. Cash Advances, Balance Transfers and Wire Transfers, are not considered retail purchases and do not apply for purposes of this offer. Generally, we expect to process bonuses on rewards cards as transactions post to the account, and within 20 days of transactions posting for non-rewards cards, but for certain transactions and merchants, it may take longer.  Therefore, customers should allow up to two billing cycles after the promotional offer ends for the bonus rewards to be added to their account. If customers are enrolled in Preferred Rewards, they will earn the Preferred Rewards bonus on the purchase amount(s). The Preferred Rewards bonus does not apply to the incremental bonus earn for this promotion. 

Reporters may contact:

Don Vecchiarello, Bank of America   
Phone: 1.980.387.4899
[email protected]

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SOURCE Bank of America Corporation