[Expired] [Targeted] Bank of America Extra 2% Cash Back On All Purchases Up To $100/$150 Or Double Cash Back

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Some people have a better offer of double cash back on all purchases (e.g 3% category becomes 6%).

The Offer

No direct link, sent out via e-mail. Subject line is ‘Account update – bonus cash offer now available’

  • Bank of America is offering 2% cash back on all purchases made with your Bank of America credit card (on top of the rewards you normally earn) until 12/31/19. Limit of $100 (or $150 depending on the offer)

The Fine Print

  • You will qualify for 2% cash back (up to a maximum of $100), in the form of a statement credit, when you use your account to make any combination of Purchase transactions (exclusive of any fees, returns and adjustments) that post to your account from the date you receive this offer through 12/31/2019.
  • Statement Credits earned as a result of this promotion will not earn any Preferred Rewards/Preferred Rewards for Wealth Management Program Bonus.
  • Limit 1 statement credit per account.
  • This offer is only valid on the account identified within this communication.
  • Your account must be open with active charging privileges in order to receive this offer.
  • The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) that reflects the value of such reward.

Our Verdict

Unfortunately Preferred Rewards doesn’t apply to the extra 2%, but this should still be a useful offer for most people.

Hat tip to readers Alex N, Kevin L & VL,

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Maisel
Maisel

Does anyone know if Bank of America sends out tax forms for these bonuses? Wondering if I should redeem as a statement credit or a check? Will it make a difference from a tax perspective?

Fred
Fred

I don’t see any reason this would be any different from the regular 3-5.25% cashback. It’s paid out in the same manner.

anonymous
anonymous

My bonus 2% (applied to charges made 10/23/19-12/31/19) posted today as a statement credit.

Celia
Celia

Bonus rewards posted today for me with statement closing, BoA Mastercard.

JP
JP

Anybody still waiting? Purchases done by mid November and Feb cycle will end on 22nd.

Catapult
Catapult

Bonus posted for the Visa BofA but not for the Mastercard

Fred
Fred

Check your rewards; $150 (the max I was offered) posted in my rewards and is available to be cashed out. That’s mid-cycle for me, so I would assume everyone’s would post shortly if not already.

Maisel
Maisel

Nothing for me yet.

Fred
Fred

Mine was a Visa.

Ferris
Ferris

Transactions all posted by 11/9, still no credits.

SamL
SamL

Terms say “The Online Shopping Bonus will post to your account as additional cash rewards within 12 weeks of the end of the promotional period.”
Do these kinds of deals really take that long in practice?

SamL
SamL

Posted about a week ago, but just saw it. (6% on $2.5k spend)

Maisel
Maisel

Has anyone received their double cash back yet? Two statements have posted since I received/activated the offer, but I haven’t seen the double cash back post to my account yet.

Cameron
Cameron

I haven’t but I see upthread that offers expiring on 9/30 posted mid October so I assume we should see it post in mid January.

yeet_69
yeet_69

Received this offer:
“Earn up to $150 cash back on online shopping purchases through December 31, 2019. That’s a 6% bonus on up to $2,500 in purchases—and it’s on top of the rewards you already earn with your credit card.”
Apparently it stacks with the 3% on online purchases – that’s 9% cashback total.

Cameron
Cameron

I got this offer as well, but have already maxed out the 3% so it’s 6% + 1% + preferred rewards bonus on the 1%. Still quite good.