Bank of America Travel Rewards Card

The Bank of America® Travel Rewards Card allows card holders to earn an unlimited 1.5 points for every dollar that you spend on all purchases. If you bank with Bank of American or have an investment account with Merril Lynch, you can get Preferred status, which means your points can be worth 25% to 75% more, depending on your tier. Keep in mind, however, that the 1.5x reward rate applies only when points are redeemed for a statement credit for travel and dining charges. If you redeem your points for cash or gift cards, they will be worth less. We dive into the details and your approval odds in this Travel Rewards review.

Bank of America Travel Rewards Credit Card

Our Rating

4.0/5.0

Welcome Offer

25000 points

Annual Fee

$0

0% on Purchases

15

Reward Rate

1.5 points

0% on Balance Transfers

15

The Bank of America® Travel Rewards Card allows card holders to earn an unlimited 1.5 in points for every dollar that you spend on all purchases. Card holders can enjoy earning more rewards with this card, as well as the cards no annual fee, and sign-up bonus.

Welcome Offer

Get 25,000 bonus points when you make at least $1,000 in purchases in the first 90 days the account is open.

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsExtended Warranty Coverage, Free credit score access, 24/7 customer service
Travel PerksConcierge Services, Emergency Travel Assistance

Rewards

1.5x points
All eligible purchases
Get unlimited 1.5 points for every $1 you spend on all purchases

Interest Rates & Fees

Annual Fee$0
Foreign Transaction Fee$0
Regular APR17.99% - 27.99% (V) APR
Balance Transfers0% Intro APR for 15 months on balance transfers, then 17.99% - 27.99%(V) APR after that.
Balance Transfer Fee3% of the amount of each transaction.
Purchases0% Intro APR for 15 months on purchases, then 17.99% - 27.99% (V) APR after that.

Pros & Cons

Pros

  • Earn unlimited 1.5 in points for every dollar spent on any purchase
  • Signup bonus worth $250
  • $0 annual fee
  • 0% APR for first 12 months
  • Preferred Rewards

Cons

  • Points are worth $0.01 only if redeemed for statement credit for travel or dining purchases
  • Points redeemed for cash are worth just $0.006.

What Are the Best Alternatives?

Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card

Rating

4.5

Rewards Range

2x - 5x miles

Annual Fee

$95

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card

Rating

4.9

Rewards Range

1x - 5x points

Annual Fee

$95

Blue Cash Everyday® Card from American Express
Blue Cash Everyday® Card from American Express

Rating

4.4

Rewards Range

1%-3%

Annual Fee

$0

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