You can redeem Bank of America travel rewards for a statement credit to cover travel purchases made in the past 12 months, for gift cards, or for cash back via paper check or a BofA deposit-account credit. You can redeem for travel or cash back once you’ve collected at least 2,500 points ($25 travel value or $15 in cash back). But you’ll need at least 3,125 points to redeem for gift cards. You can redeem your points by signing in to your online account at bankofamerica.com, logging into your account on the BofA mobile app, or calling (888) 268-7800.
The Bank of America Travel Rewards card gives at least 1.5 points for every $1 you spend, so that can add up quickly. And if you travel frequently, you should have no trouble using the points. While you can’t actually use points to purchase travel directly, you can pay for travel purchases with the card through the Travel Center and earn 3 points per $1 spent. Two days later, you can redeem those points to count towards the travel purchase as long as you have at least 2,500 points.
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 like circuses, art galleries, amusement parks, tourist attractions, boat rentals, limousines, and zoos, along with your ordinary travel expenses like plane tickets and hotels. And unlike a lot of other credit cards, BofA counts VRBO and VacationRentals.com rentals in its travel category, which lets you use your points toward those purchases.
The BofA Travel Rewards Card also gives another way to earn more points. If you have at least $20,000 between a personal BofA checking account and/or qualifying Merrill accounts, you can qualify for one of BofA’s Preferred Rewards tiers. That means you can earn 25%-75% more rewards points per $1 spent on your credit card.