The Bank of America Travel Rewards credit card points are worth 1 cent each when redeemed for travel and dining purchases. For example, 10,000 BofA Travel Rewards points are worth $100 in travel expenses. Redeeming for travel and dining is your best option with this card.
These points are significantly less valuable when redeemed for a gift card, for cash back or for a miscellaneous item such as a charitable donation. For example, each point is worth 0.6 cents when redeemed for cash back. Gift card redemption values vary by merchant.… read full answer
The best Bank of America credit card with a $200 bonus is the Bank of America® Customized Cash Rewards credit card. It offers $200 for spending $1,000 in the first 90 days after opening the account. That’s one of the best cash back credit card bonuses currently available, and it’s made even better by the fact that the card has a $0 annual fee. In addition, the Bank of America Customized Cash Rewards credit card offers extensive ongoing bonus cash back rewards on purchases: 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.… read full answer
Best Bank of America Credit Cards With a $200 Bonus
Bank of America Travel Rewards credit card points do not expire as long as your account is open and in good standing. You will forfeit any points you have yet to redeem if you or Bank of America closes your Bank of America Travel Rewards credit card account for any reason.… read full answer
Bank of America may allow you to redeem your earned rewards for a period of time after you voluntarily close the account, but they must specifically authorize it.
Similarly, Bank of America will not allow you to earn or redeem points whenever you’re late making the minimum payment.
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