How much are Bank of America Travel Rewards points worth? This question is about the Bank of America® Travel Rewards credit card

How much are Bank of America Travel Rewards points worth?

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This question is about the Bank of America® Travel Rewards credit card

Michael Battle, WalletHub Credit Card Analyst

@mikebattle • 03/18/22 This answer was first published on 02/06/20 and it was last updated on 03/18/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

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People also ask

How much are Bank of America rewards points worth?

Bank of America rewards points are worth up to $0.01 (1 cent) per point, depending on which BofA rewards card you have and how you redeem the points.

For example, points from the Bank of America® Travel Rewards credit card are worth $0.01 each when redeemed for travel credits (1,000 points = $10). They’re worth $0.006 per point (1,000 points = $6) when redeemed for cash, and gift card redemption values vary.… read full answer

Meanwhile, all points earned with the Bank of America® Premium Rewards® credit card are worth $0.01 per point.

Other points-earning BofA credit cards are co-branded with specific companies. The Free Spirit Airlines Credit Card, the Free Spirit Airlines Credit Card with No Annual Fee, and the Sonesta Credit Card are a few of them. Many have different point-redemption values, too.

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How much are Bank of America Power Rewards points worth?

Bank Of America Power Rewards points are worth 1 cent each. You will get 3 points per $1 on gas, groceries or drugstores within the first 6 months of account opening and 1 point per $1 on all other purchases.

If you want to get more details on how the Bank Of America Rewards Program works, you can check out this … read full answer review.

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How much is 25,000 travel points?

25,000 travel points are worth $250, on average, though the value depends on the card’s rewards program and the redemption method. For example, Bank of America Travel Rewards points are worth 1 cent per point when redeemed for travel, so 25,000 points are worth $250. For the best redemption value, travel rewards cardholders should redeem their points for travel.… read full answer

A great travel rewards credit card is essential for any traveler who wants to make the most of their purchases. For a list of the most lucrative options on the market today, check out WalletHub editors’ picks for the best travel credit cards.

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