Consumer and Small Business Cardholders
Automatically Earn Extra Cash Back, Miles or Points as They Prep
for the Holiday Season
CHARLOTTE, N.C., Oct. 22,
2024 /PRNewswire/ -- Bank of America announced the
return of its highly anticipated More Rewards Day, taking
place on Thursday, November 7, 2024.
Now in its third year, this annual event offers a unique
opportunity for Consumer and Small Business credit cardholders to
earn extra rewards on their purchases, just in time for the holiday
season. Last year, participants earned more than $26 million in additional rewards during More
Rewards Day.
"As our clients prepare for the holidays, we celebrate them with
More Rewards Day," said Mary
Hines Droesch, Head of Product for Consumer, Business,
and Wealth Management Banking and Lending at Bank of America.
"Whether they are shopping for gifts, booking travel or purchasing
everyday essentials, this promotion allows our cardholders to
maximize their rewards and get more value on their spending to kick
off the season."
On More Rewards Day, all eligible Bank of America credit
cardholders with rewards cards will automatically earn the
following bonus rewards on top of their standard rewards:
- 2% cash back
- 2 points per $1
- 2 miles per $1
Additionally, cardholders who do not have a rewards-based credit
card will earn 2% cash back as a statement credit applied to their
account. Bonus rewards will be earned on the first
$2,500 in purchases (up to a maximum
of $50 cash back, 5,000 points, 5,000
bonus miles or a $50 statement
credit) made on November 7, 2024, per
each unique account or each unique small business company.
Enrollment is not required – bonus rewards will be applied
automatically.*
New Bank of America data shows that Americans plan to spend
nearly $2,100 this holiday season, up
7% compared to 2023. Additionally, 40% of consumers say they are
able to cover all or part of their holiday shopping just by
redeeming points or rewards. With many consumers spending more than
last year, More Rewards Day offers a unique opportunity for
Bank of America cardholders to stretch their rewards earnings even
further and offset costs ahead of the busy spending season.
All Bank of America consumer and small business credit cards
that are open with active charging privileges on More Rewards
Day are eligible. The reward type earned will depend on the
card used for the purchases.
Bank of America Preferred Rewards® members will earn
their Preferred Rewards bonus on purchase amounts as
usual, but not on the incremental rewards 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 3,700 retail financial centers, approximately 15,000
ATMs (automated teller machines) and award-winning digital banking
with approximately 58 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 7. Purchases must have a transaction date
of November 7, 2024, to
qualify. Bonus rewards earned on 11/7 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 7,
2024, 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
don.vecchiarello@bofa.com
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SOURCE Bank of America Corporation