| Last updated on February 29th, 2024
Bank of America® Travel Rewards Credit Card
Bank of America® Travel Rewards Credit Card
Bank of America® Travel Rewards Credit Card
- 18.24% to 28.24% variable based on creditworthiness and Prime Rate Regular Purchase APR
- 18.24% to 28.24% variable based on creditworthiness and Prime Rate Balance Transfer APR
- 21.24% to 30.24% variable based on creditworthiness and Prime Rate Cash Advance APR
- 0% for the first 15 billing cycles from account opening date Intro Purchase APR
At a Glance
Offered primarily to individuals who suffer from occasional wanderlust, the Bank of America® Travel Rewards Credit Card makes it easy to get out and see the world. It compensates you for everyday purchases with points you can easily redeem towards your next adventure, without the hassle of annual or foreign transaction fees.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Earn 25,000 bonus points after spending $1,000 in purchases within the first 90 days
- Introductory 0% purchase APR for 15 billing cycles
- 1.5 points for every $1 you spend on all purchases
- No annual fee
- No foreign transaction fees
- Points do't expire
- Unlimited earning
- Intro Purchase APR: 0% for the first 15 billing cycles from account opening date
- Regular Purchase APR: 18.24% to 28.24% variable based on creditworthiness and Prime Rate
- Intro Balance Transfer APR: 0% for the first 15 billing cycles from account opening date
- Balance Transfer APR: 18.24% to 28.24% variable based on creditworthiness and Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 3% of the amount of each transaction, whichever is greater
- Cash Advance APR: 21.24% to 30.24% variable based on creditworthiness and Prime Rate
- Cash Advance Transaction Fee: Either $10 or 3% of the amount of each transaction, whichever is greater
- Penalty APR: Up to 29.99% variable based on creditworthiness and Prime Rate
- Late Payment Penalty Fee: Up to $40
- You're a casual traveler that likes to take a couple of trips each year but don’t need a hardcore travel card
- You wish to earn rewards on any purchases that can go toward your next vacation
- You're looking for a travel credit card with no annual or foreign transaction fees
- You plan to make a large purchase that may require multiple payments that can benefit from the introductory APR
In-Depth Review: Bank of America® Travel Rewards Credit Card
Consider this the casual globetrotter’s credit card, earning an unlimited 1.5 points per dollar spent on all purchases, anywhere, anytime. Combined with the limited extraneous fees, generous introductory bonuses, and easy point redemption system, this card will have you booking your next holiday in no time.
Credit Needed
You’ll need excellent credit to apply for the Travel Rewards Card. If you are looking for a good target, try aiming for a FICO Score of at least 730 before applying.
Who Can Benefit from the Card?
The Bank of America® Travel Rewards Credit Card is a great choice for many people, particularly those who prefer straightforward rewards over complicated bonus categories. With its generous rewards program and the option to redeem points for cash back, travel, and other rewards, this card provides substantial value.
How to Earn Rewards
Welcome Offer Bonus
The Bank of America® Travel Rewards Card offers a decent welcome bonus: New accounts can earn 25,000 bonus points after making at least $1,000 in purchases in the first 90 days of account opening. That sign-up bonus has a cash value of about $250 when redeemed towards travel or dining purchases.
How to Earn Points
Where other travel credit cards earn more points for select categories (usually travel and dining) and less for all others, the Bank of America® Travel Rewards card accumulates the same happy medium for anything you wish to purchase with the card. Cardholders earn an unlimited 1.5X points on all eligible purchases.
Even better, there are no caps on points earned, and points never expire, so you can take your time saving up for your dream trip. Even better, you don’t have to worry about blackout dates or restrictions when using them to pay for your travels.
Additional Rewards with Preferred Rewards
A Bank of America Preferred Rewards membership can enhance your travel rewards even further. As a Preferred Rewards member, you can earn an additional 25% to 75% more points on your purchases.
The Preferred Rewards program offers the opportunity to earn up to 75% more points on every purchase if you have a checking account with Bank of America and qualify for the Preferred Rewards Platinum Honors tier. This means that you could earn up to 2.625X points with the card.
Even at the base level, Bank of America Preferred Rewards provides 25% more rewards, or 1.875X, on all purchases. These tiers make the Travel Rewards Credit Card an excellent choice for companies that have a relationship with Bank of America.
How to Redeem Points
Redeeming rewards with Bank of America is like how other banks handle credit card rewards. Cardholders can choose how they want to be rewarded, including redeeming travel points at the Bank of America Travel Center, cash back, statement credits, distinctive experiences, or gift cards. Bank of America rewards never expire if the account is open, active, and in good standing.
Bank of America Benefits
As a Travel Rewards Cardholder, you’ll enjoy a full suite of safety protections and benefits through Bank of America. These perks include:
- Balance Connect®: Balance Connect® is an optional service that can help you avoid bounced checks, returned payments, and other embarrassing and frustrating events. Available to link with an eligible Bank of America checking account for overdraft protection.
- Account Alerts: Keep up-to-date on upcoming payment due dates, transaction alerts, and more.
- Choose to go paperless with online and digital credit card statements.
- Online and Mobile Banking: Access to your money no matter where you are, thanks to Bank of America’s mobile app, available on Apple iTunes and Google Play Store.
- EMV chip and pin technology for an additional layer of security.
- Access to your FICO Score each month.
- No foreign transaction fees
Visa Signature Benefits
| Zero Fraud Liability | Cardholder Inquiry Services | Emergency Card Replacement | Luxury Hotel Collection | Extended Warranty Coverage |
| Roadside Dispatch | Lost/Stolen Card Reporting | ID Navigator from Norton | Travel & Emergency Assistance |
Comparison
| Bank of America® Travel Rewards Card | Discover it® Miles Card | Priceline VIP Rewards™ Visa® Card | |
|---|---|---|---|
| Annual fee | $0 | $0 | $0 |
| Rewards | Unlimited 1.5X points for every dollar spent on all purchases | Unlimited 1.5X Miles for every dollar spent on all purchases | 5X points on purchases with Priceline, 2X on gas and dining purchases (including delivery services), and 1X on all other purchases |
| 0% APR | 15 months on purchases and transfers | 15 months on purchases and transfers | 0% APR on balance transfers for 15 months |
| Issuer | Bank of America | Discover | Barclays |
What We Like About the Card
Preferred Rewards Maxing Out Rewards
The best feature of Bank of America rewards credit cards is the chance to earn up to 75% more rewards through Bank of America Preferred Rewards. This program rewards eligible Bank of America checking customers with balances of $20,000 or more with increased points on purchases, discounts on foreign transaction fees, and additional savings bonus on deposit accounts.
No Annual Fee
The card charges no annual fee. This isn’t groundbreaking, but is always a nice benefit.
No Foreign Transaction Fees
The Travel Rewards Visa Signature is the only Bank of America no annual fee card that does not charge foreign transaction fees. Unlike other cards from the bank, which impose a 3% fee on transactions made in U.S. dollars, this card can help you avoid significant increases if you frequently travel abroad.
Things to Consider
No Foreign Transaction Fees
The Travel Rewards Visa Signature is the only Bank of America card with no annual fee that does not charge foreign transaction fees. This means that when you use this card for purchases made outside of the United States, you won’t have to worry about any additional charges or fees. Unlike other cards from the bank, which impose a 3% fee on transactions made in U.S. dollars, this card can help you avoid significant increases in your expenses if you frequently travel abroad. So, whether you’re exploring the streets of Paris or relaxing on a beach in Bali, you can enjoy the convenience and peace of mind that comes with using the Travel Rewards Visa Signature card.
Bank of America Ratings
How does Bank of America stack up as a credit card issuer? Here is a selection of expert and consumer ratings for Bank of America:
| BestCards | Better Business Bureau | TrustPilot |
|
2/5 |
1.5/5 |
1.5/5 |
Should You Apply for the Bank of America® Travel Rewards Credit Card?
Many travel rewards cards these days come with lots of extra bells and whistles, which can be intimidating if you’ve never had one before. Not only that, you can actually lose money paying an annual fee if you don’t take advantage of all your card has to offer. If you’re looking for a solid, simple card to set you on the right path, the Bank of America® Travel Rewards is a good place to start.
You won’t have to worry about spending funds on travel upfront, since you can earn points on any purchase wherever you go. With no expiration date, you can choose to redeem as you go or save up for your big dream trip with no blackout dates or other limitations. Other options also include the Citi Premier® Card, which features similar rewards and a similar annual fee.
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