The Bank of America Travel Rewards annual fee is $0. The Travel Rewards credit card’s $0 annual fee means there’s far less pressure for cardholders to spend heavily in order to offset any big fixed cost. It also compares favorably to the average credit card annual fee ($22) and is accompanied by a 0% foreign transaction fee. These features are fantastic for people who want a straightforward, stress-free credit card.
In addition to minimal fees, cardholders earn an unlimited 1.5 points per $1 spent on all purchases. Rewards redemption is also very flexible, as cardholders can apply their points retroactively to any recent travel-related purchases made with the Travel Rewards card. For all these reasons, the Bank of America Travel Rewards card is a good option for people with excellent credit scores.
Bank of America credit card annual fees range from $0 to $95, depending on the card. Most Bank of America consumer credit cards have $0 annual fees. That goes the same for their business and student credit cards as well.
The best Bank of America credit card with a $0 annual fee is the … read full answerBank of America® Customized Cash Rewards credit card, which offers $200 for spending $1,000 in the first 90 days. It also earns 3% cash back in a category of your choice and 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly), plus unlimited 1% cash back on all other purchases. If you're more interested in avoiding interest, BankAmericard® credit card has a $0 annual fee and offers an introductory purchase APR of 0% for 18 billing cycles, coupled with an introductory balance transfer APR of 0% for 18 billing cycles for any balance transfers made in the first 60 days - each balance transfer fee is subject to a 3% (min $10) fee. Once the introductory periods are over, a regular APR of 13.74% - 23.74% Variable applies to any remaining balance.
If your Bank of America credit card has an annual fee, it's automatically charged to your account once a year on the statement following your card anniversary.
Here are the Bank of America credit cards with annual fees:
Sometimes an annual fee is necessary to get the card you want. If you pay an annual fee, make sure any benefits the card provides outweigh the cost of the annual fee. Find a card that earns the highest bonuses on your largest expenses, and the annual fee will likely pay for itself.
For example, Bank of America Premium Rewards credit card offers 50,000 points for spending $3,000 in the first 90 days. On top of that, it also earns 2 points per $1 spent on travel and dining, and 1.5 points per $1 on all other purchases. The initial bonus alone covers the card's $95 annual fee for several years.
To get a Bank of America late fee waived, call BofA customer service at 1-800-732-9194 and ask them to waive the fee for the late credit card payment. While Bank of America will sometimes waive the fee without any hassle if it’s a first offense, repeat offenders may have a tougher time getting BofA to drop the charge.… read full answer
When you speak with a Bank of America customer service representative, make your case by detailing the reason you need the fee waived, and be sure to reference your past record of timely payments. Of course, those who have missed payments in the past will have a much weaker case than those with a perfect payment history.
If the customer service rep won’t waive the late payment fee, ask to speak with a manager. Bank of America managers generally have more autonomy, and they may be more likely to waive the fee to keep you as a customer. You can’t request Bank of America to waive the fee over chat or online, so if calling doesn’t work then you’ll probably need to pay the fee. To avoid missing due dates in the future, consider setting up automatic payments on your account.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.