The Bank of America Travel Rewards credit score requirement is 750 or higher. In addition to an excellent credit score, applicants need to be at least 18 years old and have a residential U.S. mailing address in order to be eligible for the Bank of America Travel Rewards card. For high approval odds, it’s also helpful to have a steady income and minimal debt.
To get a sense of whether you will satisfy the Bank of America Travel Rewards card’s minimum credit score and other requirements, you can check to see if you are pre-qualified for a Bank of America credit card online. Getting pre-qualified doesn’t guarantee you’ll get approved, but it does mean your approval odds are high. You can also check your latest credit score for free on WalletHub.
You will need a credit score of at least 750, which is excellent credit, to qualify for the Bank of America Travel Rewards credit card. Other than excellent credit, they'll want a credit utilization lower than 30% and flawless payment history on your other credit accounts. But I guess that comes by default with excellent credit.
Still, the minimum credit score needed for Bank of America credit card approval is only one factor in the decision. Bank of America will also consider employment status, income, debt level, age, number of open accounts, monthly rent or mortgage payments and more.
While there are clearly lots of Bank of America credit card options for good and excellent credit, the choices are sparse for people with lower scores. In that case, cards from other issuers, such as Capital One and Discover, may be more helpful. For bad credit, the Secured Mastercard® from Capital One and the Discover it® Secured Credit Card card are great options.
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 0.9 cent when redeemed for gift cards, and 0.6 cent when redeemed for cash back.… read full answer
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.
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