Imagine a single day where your everyday spending suddenly unlocks a little extra reward. That’s the promise of More Rewards Day, a promotional event offering a temporary boost to your Bank of America credit card benefits.
For a limited time, cardholders can earn 2% additional cash back, or 2 extra points/miles per dollar, on purchases up to $2,500. It’s a tempting offer, a chance to accelerate your rewards accumulation with familiar spending.
However, maximizing rewards isn’t always straightforward. The true value of this bonus hinges on your existing credit card portfolio and current financial goals.
Consider your other cards: do any offer higher base rewards rates or category-specific bonuses that would outweigh the temporary boost? A card specializing in dining or travel, for example, might still prove more lucrative.
Furthermore, if you’re actively pursuing minimum spending requirements to unlock welcome bonuses on other cards, diverting spending to Bank of America could delay those benefits. Strategic card usage demands a holistic view.
Ultimately, More Rewards Day presents a potential advantage, but a quick calculation is essential. Weigh the bonus against your overall rewards strategy to ensure you’re truly optimizing your spending power.
