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If you’re looking for a no-annual-fee credit card with an introductory offer of 0% APR on purchases, unlimited rewards potential, and easy redemption options, this Bank of America card is a great choice.
Bank Of America Cash Rewards Credit Card Travel Benefits
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The Bank of America ® Travel Rewards Credit Card is a no-annual-fee credit card that offers unlimited 1.5 points per dollar on every purchase and allows cardholders to redeem those rewards as statement credits on spending travel and dinner.
This gives you spending and booking flexibility that you don’t always see with travel credit cards, most of which require you to make purchases through specific loyalty programs or online portals before your rewards can increase.
In addition, new cardholders can earn a welcome bonus worth $250 (25,000 bonus points after spending $1,000 in the first 90 days) and enjoy 18 billing cycles of 0 percent introductory APR on purchases and balance transfers (made within the first 60 days). After that, the normal APR ranges between 17.74 percent and 27.74 percent.
The Bank of America Travel Rewards Card doesn’t offer as many benefits as some of its competitors. However, cardholders who want a superior travel card that doesn’t pay high annual fees may be very pleased with what it offers.
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So, is it worth having the Bank of America Travel Rewards Card instead of another card in your wallet? Let’s explore some scenarios when it’s worth it and when it’s not.
The Bank of America Travel Rewards Card offers unlimited 1.5X points on every purchase. Whether you’re buying drugs, shopping online, visiting your favorite restaurant or booking your next flight, it gives you the freedom to earn travel rewards every time you use your card.
Having a flat-rate rewards card in your wallet makes it easier to max out your credit card. With every shopping trip earning the same 1.5 points per dollar, you don’t have to worry about tracking the rotating bonus categories or using one credit card for groceries and another for gas. All you have to do is use your Bank of America Travel Rewards Card for your everyday spending and get more from every purchase you make.
New cardholders have the chance to earn a welcome bonus worth $250. If you spend $1,000 in your first 90 days of card ownership, you’ll receive 25,000 bonus points that you can put toward your next trip.
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While it’s great to earn card rewards even on regular travel, you do have some incentives for booking travel through the Bank of America Travel Center. You will earn 3X points when you use the online portal to book a flight or book a hotel room.
Want to claim your Bank of America rewards? The possibilities are almost limitless. Unlike other travel credit cards that reserve their highest rewards redemption rate for cardholders who book on a specific airline or make purchases through a designated travel portal, the Bank of America Travel Rewards Card offers an easy and flexible way to redeem your points – wherever you book. your journey.
After using your Card to make travel or dining purchases – including flights, hotel bookings, holiday packages, rental cars, baggage fees, restaurants and meals – you can exchange some or all of your available points as statement credits for those purchases (plus one to start the redemption process A minimum of 2,500 marks is required). You’re not limited to a handful of redemption options because your rewards are equally valuable on most travel and dining deals.
The card can be even more attractive if you have a bank or Merrill investment account with Bank of America. Current Bank of America customers with an average daily balance of at least $20,000 for three months can qualify for the lowest level (Gold) of the Preferred Rewards program. Becoming a Preferred Rewards member allows you to enjoy a variety of benefits, including an enhanced rewards earning rate on your Bank of America card.
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For example, if you qualify for the Gold level, your rewards rate can go up to 1,875 points per dollar. The first tiers in Preferred Rewards can increase your rewards by 75 percent, increasing your rewards rate to 2,625 points per dollar. This is a higher rate than most flat rate cards.
Although the Bank of America Travel Rewards Card offers unlimited rewards potential, some frequent travelers may want a travel credit card that comes with certain benefits and perks. Today’s best travel credit cards increase their value by offering additional rewards like TSA PreCheck and global entry fee credits or free airport lounge access. Some credit cards offer annual airline vouchers or offer you free airline fares or hotel stays. Unfortunately, the Bank of America Travel Card does not have these benefits, although it does have a collision damage waiver and lost baggage reimbursement.
Cardholders who spend a lot of time at the airport and need lounge access or want to enjoy free breakfast every morning at the hotel should look at other travel cards. Note that cards that offer more rewards and benefits come with higher annual fees — and some premium credit cards, like the Chase Sapphire Reserve Card or American Express’ Platinum Card®, charge cardholders more than $ 500 per year for the benefits. Account management.
If you want the flexibility to book your own flights and hotels without being limited to a single travel provider or distributor booking portal, the Bank of America Travel Rewards Card is a great choice. If you’re looking for a travel card that offers flat-rate rewards on every purchase, this is an excellent choice.
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Don’t forget the card’s other benefits, including a $250 sign-up bonus and an introductory 0% APR for 18 billing cycles (17.74 percent and 27.74 percent variable after the introductory period ) in purchases and balance transfers.
The Bank of America Travel Rewards Card is a fantastic choice for anyone looking for a flexible, no-frills, no-frills travel card that earns unlimited rewards. If you need a travel credit card that offers TSA PreCheck application credit, airport lounge access, and other frequent flyer benefits, you may want to consider some other options.
Keep in mind that the travel credit cards that offer the most benefits come with the highest annual fees. The Bank of America Travel Rewards Card has no annual fee — an important consideration if you want to earn rewards and book travel without incurring the cost of owning the card.
The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It is not provided or assigned by the credit card issuer. However, we may receive compensation when you click on links to our partners’ products.
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Nicole Dyker is a freelance writer who focuses on personal finance and habit formation. He spent five years as a writer and editor at Billfold, a personal finance site where people have honest conversations about money, and regularly teaches classes on how to make your income as a freelancer.
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Bank of America credit and debit cardholders can earn extra cash on everyday purchases with BankAmeriDeals.
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If you’re looking for a balance transfer credit card with a long interest-free period, BankAmericard® may be the answer. To qualify, you need a credit score of 670 or higher.
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