The Bank of America® Travel Rewards credit card provides rewards points for each dollar in purchases that a cardholder makes, has a $0 annual fee, and requires excellent credit for approval. Customers who have a Bank of America checking or savings account can also get extra value from the card.
How the Bank of America Travel Rewards credit card Works
No annual fee or foreign transaction fee.
You won’t have to pay anything to own the Bank of America Travel Rewards credit card, and any purchases you make abroad are free from additional surcharges.
The Bank of America Travel Rewards credit card gives you 1.5 points / $1 spent on all purchases with no limits on how much you can earn.
Solid initial bonus.
Earn 25,000 points for spending $1,000 in the first 90 days. Points are worth 0.85 cents each, on average.
Simple redemption options.
Rewards points can be redeemed for dining purchases, cash back, gift cards, or travel booked through the Bank of America Travel Center. Some redemption options require at least 2,500 points before you can redeem, though.
No travel restrictions.
You can book your accommodations directly through the Bank of America Travel Center with no blackout dates. Or, if you book your travel arrangements elsewhere using the Bank of America Travel Rewards credit card, you can use your rewards to offset the cost of the purchase within 12 months from the booking date.
Extra rewards for BofA banking customers.
Preferred Rewards members with at least $20,000 in a personal checking, savings or IRA account with Bank of America or Merrill can earn 25% - 75% more points on purchases.
Introductory APR on purchases.
Finance your purchases interest-free at a promotional rate of 0% for 15 billing cycles.
How to Get the Most Value from the Bank of America Travel Rewards credit card
While the Bank of America Travel Rewards credit card offers good overall value, particularly if you’re already a Bank of America customer, the card can work against you if you’re not careful. When redeeming rewards, it’s best to steer clear of non-travel options, as you’ll get less value if you redeem for cash or even some gift cards. Additionally, the Bank of America Travel Rewards credit card has a regular APR of 13.99% - 23.99% Variable, so avoid carrying a balance from month to month and be sure to pay off any interest-free purchases before the intro rate expires.
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