To get the Bank of America Travel Rewards credit card sign-up bonus, new cardholders must spend $1,000 within the first 90 days of opening an account. The Bank of America Travel Rewards credit card bonus is 25,000 points.
Keep in mind, however, that you will not be eligible for this introductory bonus if you currently have the Bank of America Travel Rewards credit card, regardless of whether you previously received the bonus. You also may not be eligible if you recently earned the bonus.
In addition to the sign-up bonus, the Bank of America Travel Rewards credit card offers 1.5 points per $1 on purchases. Its annual fee is $0, and you need excellent credit to get approved.
The Bank of America Travel Rewards bonus is 25,000 points for spending $1,000 within the first 90 days that the card is open. That is a pretty sizeable signup bonus for a card that has a $0 annual fee. It’s also a great way to get some free travel without having to spend a lot.
Additionally, there’s a second Bank of America Travel Rewards bonus that’s available only to people who bank with BofA. If you qualify for Bank of America Preferred Rewards, which requires having at least $20,000 in combined balances between BofA banking and Merrill investment accounts, you can earn 25% to 75% extra rewards on the card.
You can redeem Bank of America Travel Rewards points for a statement credit to cover travel purchases made in the past 12 months. BofA Travel Rewards points can also be used for gift cards or for cash back, via paper check or a Bank of America deposit-account credit. You can redeem your points by signing in to your account … read full answeronline or on the BofA mobile app, or by calling (888) 268-7800. The Bank of America Travel Rewards credit card gives at least 1.5 points per $1 spent on purchases, so that can add up quickly.
How to Redeem Bank of America Travel Rewards Points Online
Select the Bank of America Travel Rewards credit card.
Click on the “Rewards” tab.
Browse the rewards options and redeem your Travel Rewards points.
If you travel frequently, you should have no trouble redeeming your Bank of America Travel Rewards points. While you can’t actually use points to purchase travel directly, you can pay for a travel purchase with the card through the BofA Travel Center and earn 3 points per $1 spent. Two days later, you can redeem those points to count toward the travel purchase as long as you have at least 2,500 points ($25 travel value).
If you don’t want to wait, you can redeem immediately for cash back once you’ve collected at least 2,500 points ($15 cash back value). But you’ll need at least 3,125 points to use Travel Rewards points for gift cards.
One great thing about redeeming Bank of America Travel Rewards points for your travel purchases is BofA’s broad interpretation of what counts as a travel purchase. You can use points toward purchases at places like circuses, art galleries, amusement parks, tourist attractions, boat rental agencies, and zoos, along with your ordinary travel expenses like plane tickets and hotel reservations. And unlike a lot of other credit card companies, BofA counts Airbnb rentals in its travel category, which lets you use your points toward those purchases.
Bank of America Travel Rewards points are worth 1 cent each when redeemed for travel. For example, 10,000 BofA Travel Rewards points are worth $100 in travel expenses. Redeeming for travel is your best option with the Bank of America Travel Rewards 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 0.8 cent when redeemed for gift cards and 0.6 cent when redeemed for cash back.… read full answer
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.