Update 2/2/21: This is now a permanent benefit.
Original Post:
Bank of America just sent out an email to their Travel Rewards (no-annual-fee) cardholders with an addition redemption option, aside from the standard travel redemption:
- Through December 31, redeem your Travel Rewards points to offset grocery, dining, and takeout purchases.
Usually you can only redeem rewards to offset travel expenses. Through end of year, they are allowing redeeming for grocery, dining, and takeout instead. You can even redeem against grocery/dining charges already charged over the past 12 months.
Really nice of them to make this change. I’ve been wishing Barclay did this on their Arrival cards as I have a bunch of points to cash out; we haven’t heard anything from Barclay yet.
Bank of America also is offering their Premium Rewards cardholders a $50 statement credit.
Thanks to all those who sent this in
Source: doctorofcredit.com