Maria Adams, Credit Cards Moderator
Bank of America rewards points are worth up to 1 cent per point. The exact ammount depends 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.
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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