Once a year, a unique opportunity arises for Bank of America credit card holders: More Rewards Day. For a single 24-hour period, spending with eligible cards unlocks a temporary boost to your rewards – a 2% increase in cash back or 2 extra points/miles per dollar.
This amplified earning applies to the first $2,500 in purchases made during the event. Imagine turning a typical grocery run or a planned online shopping spree into a significantly more rewarding experience, simply by choosing the right card for that day.
However, maximizing rewards isn’t always straightforward. The true value of this bonus hinges on your existing credit card portfolio and current financial goals. A card offering a higher base rewards rate might still outperform the boosted rate, even with the 2% addition.
Consider, too, any minimum spending requirements you’re actively pursuing on other cards. Diverting spending to take advantage of More Rewards Day could potentially delay earning welcome bonuses or maintaining premium card benefits. Careful evaluation is key.
Ultimately, a quick assessment of your cards and spending plans is crucial. Don’t automatically assume More Rewards Day is the best option; a little comparison can ensure you’re truly optimizing your rewards earnings.
