The Bank of America® Travel Rewards Credit Card is a no-annual-fee credit card designed for individuals who want to earn rewards for their travel purchases.
This card offers 1.5 points per dollar on every purchase, making it an excellent choice for consumers who want to earn rewards without worrying about rotating categories or restrictions.
The Bank of America® Travel Rewards card is ideal for people who frequently travel and prefer earning unlimited points on everyday spending, which can be redeemed for flights, hotels, car rentals, or even cash back.
About the Financial Institution
Bank of America is one of the largest financial institutions in the world, providing a wide range of services including credit cards, loans, banking, and investment services.
It has a strong reputation for delivering customer service and offers innovative products that cater to a variety of consumer needs.
The Bank of America® Travel Rewards Credit Card is part of the bank’s extensive credit card offerings, which include cards for consumers looking for cash back, rewards, or low-interest rates.
Bank of America is known for its rewarding credit card programs and robust online banking tools, making it easy for customers to manage their finances from anywhere.
Who Is This Card For?
The Bank of America® Travel Rewards Credit Card is ideal for:
- Frequent travelers looking for a simple way to earn points without worrying about rotating categories or caps on rewards.
- Consumers who travel abroad, as the card offers no foreign transaction fees, which saves money when using the card internationally.
- People who prefer a no-annual-fee card, allowing them to earn rewards without additional charges.
- New cardholders who can benefit from the introductory bonus of 25,000 points, which provides a great boost toward earning travel credits.
- Anyone seeking flexibility in how to redeem points, as the points earned on this card can be used for flights, hotels, car rentals, or cash back.
Card Benefits
The Bank of America® Travel Rewards Credit Card offers a variety of benefits to enhance the travel experience and make it easier for cardholders to earn and redeem rewards. Some of the top benefits include:
- 1.5 Points per Dollar on Every Purchase: One of the main advantages of the Bank of America® Travel Rewards Credit Card is the ability to earn 1.5 points per dollar on all purchases. Whether you’re spending on dining, gas, entertainment, or everyday items, you will be earning valuable rewards on all of your purchases, making it a versatile card for all your spending needs.
- Bonus Offer for New Cardholders: New cardholders can earn 25,000 bonus points after spending $1,000 in the first 90 days. This bonus can be redeemed for $250 in travel statement credits, which is an excellent way to kickstart your travel rewards journey.
- No Annual Fee: The Bank of America® Travel Rewards Credit Card has no annual fee, which means you can earn points without worrying about a recurring charge. This makes the card an affordable option for those who want to earn travel rewards without the extra cost.
- No Foreign Transaction Fees: One of the standout features of this card is the no foreign transaction fees. When traveling internationally, many cards charge a fee of around 3% on purchases made outside the U.S. The Bank of America® Travel Rewards Credit Card eliminates this cost, making it an excellent option for frequent travelers.
- Unlimited Points: With the Bank of America® Travel Rewards Credit Card, there is no limit to the amount of points you can earn. Whether you are making small everyday purchases or large travel bookings, you’ll continue earning points with no cap, making this card a great choice for those who spend regularly.
Additional Benefits
In addition to the primary benefits, the Bank of America® Travel Rewards Credit Card also provides several additional benefits that can enhance your overall experience:
- Travel Insurance: The card provides travel insurance, including trip cancellation insurance and lost baggage insurance, which can help protect you in case of unforeseen circumstances while traveling.
- Exclusive Offers and Discounts: Cardholders have access to special offers and discounts from travel partners, including airlines, hotels, and car rental agencies, helping you save even more on travel expenses.
- Online Banking: Through Bank of America’s secure online banking platform, cardholders can easily manage their card, check for any changes to rewards, and view their transaction history anytime.
Fees and charges
Late Payment: Up to $40;
● Introductory APR: 0% for 15 billing cycles;
● Standard APR: 18.24% - 28.24%;
● Balance Transfer Fee: 3% fee on balance transfers in the first 60 days; afterward, 4%;
● Cash Advance: 4% of the amount of each transaction.
Expert review
The Bank of America® Travel Rewards card is a great choice for frequent travelers seeking a simple rewards program.
With 1.5 points per dollar on every purchase and no annual fee, it provides excellent value.
Additionally, cardholders enjoy no foreign transaction fees, making it ideal for international travel.
However, its rewards redemption is limited to travel purchases, and the points earning rate could be higher for travel-related expenses compared to other cards.
Still, it offers strong value for general use.
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+Positive points
- 1.5 points per dollar: Earn 1.5 points on every purchase, with no category restrictions.
- No annual fee: Enjoy rewards without the burden of a yearly fee.
- No foreign transaction fees: Perfect for international travelers who want to avoid extra costs.
- Points never expire: Rewards remain valid as long as your account is open.
- Flexible redemption: Points can be redeemed for travel purchases like flights, hotels, and vacation packages.
- Negative points
- Limited rewards rate: The 1.5 points per dollar rate is lower compared to some travel cards offering higher earnings on travel-related expenses.
- Rewards limited to travel: Points can only be redeemed for travel purchases, which may limit flexibility.
- No premium travel perks: Lacks high-end benefits such as airport lounge access or concierge services.