Here are the Bank of America Travel Rewards credit card bonus details:
Welcome bonus: Earn 25,000 points for spending $1,000 in the first 90 days.
Eligibility: The bonus offer is available only to new applicants.
When bonus points post: 8 to 12 weeks after the spending requirement has been met.
Redemption options: Points are redeemable toward travel purchases, such as flights or hotel stays, dining purchases, and more.
Point value: Points are worth 1 cent each for travel and dining purchases. Each point redeemed for cash is worth 0.6 cents.
Expiration: Points do not expire as long as your account remains open and in good standing.
Payments that don’t count toward the welcome bonus: Cash advances and balance transfer.
In addition to the welcome bonus, the Bank of America Travel Rewards credit card offers 1.5 points per $1 on purchases. The card’s annual fee is $0, and you need excellent credit for approval.
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 Bank of America Travel Rewards credit card points are worth $100 in travel expenses. Redeeming for travel and dining is your best option with this card.
The points are significantly less valuable when redeemed for gift cards or cash back. For example, each point is worth 0.6 cents when redeemed for cash back. Gift card redemption values vary by merchant.
The Bank of America Customized Cash Rewards credit card offers $200 for spending $1,000 in the first 90 days. Plus, you can earn 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.
The card’s annual fee is $0 and you need excellent credit for approval.
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.
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.
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