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Mark your calendar: Bank of America to offer extra credit card rewards for one day

Oct. 20, 2022
4 min read
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Mark your calendar: Bank of America to offer extra credit card rewards for one day
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Bank of America offers a large portfolio of cards. Some carry Bank of America branding in their names, such as the Bank of America® Customized Cash Rewards credit card. Others, such as the Alaska Airlines Visa Signature® credit card and Free Spirit® Travel More World Elite Mastercard®, are cobranded cards offered by Bank of America.

The information for the Free Spirit Travel More Mastercard has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

On Nov. 5, 2022, Bank of America credit cards — including those that normally don't earn rewards — will earn extra rewards. Specifically, you'll earn as follows for all purchases made with your card on Nov. 5 (deemed More Rewards Day by Bank of America):

  • Cash back credit cards: Earn an additional 2% cash back on purchases.
  • Rewards credit cards that earn points or miles: Earn an additional 2 points or miles per dollar spent on purchases.
  • Non-rewards and all other rewards credit cards: Earn 2% cash back in the form of a statement credit on purchases.

You don't need to enroll to enjoy these bonus earnings. And these extra earnings are on top of the rewards you'd already earn on your purchases.

For example, suppose you have the Alaska Airlines Visa Signature® credit card. In that case, you normally earn 3 miles per dollar spent on eligible Alaska Airlines purchases and 1 mile per dollar spent on all other purchases. But for purchases on Nov. 5, you'd earn 5 miles per dollar spent on eligible Alaska Airlines purchases and 3 miles per dollar spent on all other purchases.

If you are part of Bank of America’s Preferred Rewards program, you'll earn your Preferred Rewards bonus on the purchase amount as usual. You won't earn the Preferred Rewards bonus on the incremental bonus earnings through this promotion.

Related: Customize your rewards structure: Bank of America Customized Cash Rewards credit card review

WITTHAYA PRASONGSIN/MOMENT/GETTY IMAGES

Bank of America's More Rewards Day website lists a "representative sample of eligible cards" for additional earnings. The cards listed include popular cards like the Bank of America® Premium Rewards® credit card, Bank of America® Customized Cash Rewards credit card, Alaska Airlines Visa Signature® credit card and Free Spirit® Travel More World Elite Mastercard®.

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But, Bank of America's More Rewards Day website states, "all Bank of America Consumer and Small Business credit cards that are open with active charging privileges are eligible to earn promotional rewards on 11/5/2022." So, any Bank of America consumer or small-business card should be eligible.

There aren't many other restrictions or limitations you should know about. However, note that you'll only get these extra earnings on purchases that show a transaction date of Nov. 5, 2022, on your statement. In particular, bonus earnings are in effect from 12:00 a.m. to 11:59 p.m. Eastern time.

Additionally, cash advances, balance transfers and wire transfers aren't retail purchases and hence won't earn rewards through this offer. Finally, it may take up to 12 weeks after Nov. 5 for your promotional cash rewards, points, miles or statement credit to post to your account.

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

Bottom line

You may have a Bank of America card even if it doesn't say Bank of America on the front. So, check the cards in your wallet and consider whether you want to save any purchases for Nov. 5. For example, you might save a large purchase or do your holiday shopping on Nov. 5.

You'll earn 2% cash back or 2 more points or miles per dollar spent on your purchases when you use a consumer or small-business Bank of America credit card on Nov. 5. But, depending on what other cards you have in your wallet, you may still be better off using a different rewards credit card for your purchases.

Want to make sure you’re maximizing every purchase like a points expert? Download the free TPG App to start spending like a pro.

Featured image by MARTIN-DM/GETTY IMAGES
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Our points-obsessed staff uses a plethora of credit cards on a daily basis. If anyone on our team wouldn’t recommend it to a friend or a family member, we wouldn’t recommend it on The Points Guy either. Our opinions are our own, and have not been reviewed, approved, or endorsed by our advertising partners.
See all best card offers

TPG featured card

Best for earning alternative rewards for travel purchases
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review
Apply for Credit One Bank Wander® Card
at Credit One Bank's secure site

Rewards

1 - 10X points
10XEarn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
5XEarn 5x points on eligible travel, dining, and gas
1XEarn 1x points on all other purchases

Intro offer

Earn 10,000 Bonus Points
Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel

Annual Fee

$95

Recommended Credit

Fair/Good
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The revamped Wander Card from Credit One Bank earns cardmembers up to 10 points per dollar spent on eligible travel purchases. With no foreign transaction fees, the card is also great for international travel. However, points earned from this card can only be used at a fixed value, so it may not be the best option for those striving to get maximum value from their rewards.

Pros

  • This card has no foreign transaction fees and earns up to 10 points per dollar on travel purchases through the Credit One Bank travel partner site.

Cons

  • While cardholders can earn a significant amount of points on travel purchases, there isn't any way to redeem points from the Wander Card for maximum value (beyond 1 cent per point).
  • Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel
  • Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel site
  • Earn 5x points on eligible travel, dining, and gas
  • Earn 1x points on all other purchases
  • Redeem your reward points for statement credits, gift cards, merchandise, flights, hotels, and more
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
  • Free Online Credit Score and Credit Report summary, terms apply
  • If you are a Covered Borrower under the Military Lending Act, you may get a different offer
  • See Rates & Fees
Apply for Credit One Bank Wander® Card
at Credit One Bank's secure site
Terms & restrictions apply. See rates & fees
Best for earning alternative rewards for travel purchases
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review

Rewards Rate

10XEarn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel partner site
5XEarn 5x points on eligible travel, dining, and gas
1XEarn 1x points on all other purchases
  • Intro Offer
    Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel

    Earn 10,000 Bonus Points
  • Annual Fee

    $95
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    Fair/Good

Why We Chose It

The revamped Wander Card from Credit One Bank earns cardmembers up to 10 points per dollar spent on eligible travel purchases. With no foreign transaction fees, the card is also great for international travel. However, points earned from this card can only be used at a fixed value, so it may not be the best option for those striving to get maximum value from their rewards.

Pros

  • This card has no foreign transaction fees and earns up to 10 points per dollar on travel purchases through the Credit One Bank travel partner site.

Cons

  • While cardholders can earn a significant amount of points on travel purchases, there isn't any way to redeem points from the Wander Card for maximum value (beyond 1 cent per point).
  • Earn 10,000 bonus points after spending $1,000 on eligible purchases in the first 90 days and redeem for a $100 statement credit, gift cards, or travel
  • Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel site
  • Earn 5x points on eligible travel, dining, and gas
  • Earn 1x points on all other purchases
  • Redeem your reward points for statement credits, gift cards, merchandise, flights, hotels, and more
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
  • Free Online Credit Score and Credit Report summary, terms apply
  • If you are a Covered Borrower under the Military Lending Act, you may get a different offer
  • See Rates & Fees