Bank of America Travel Rewards Credit Card

The Bank of America Travel Rewards Credit Card offers customers reward points that can be redeemed for travel credit. The company has a wide definition of travel purchases, allowing you to use credit toward flights, hotels, car rentals, cruises, tourist attractions, bars and restaurants. The card has no annual fee and no foreign transaction fee. You don’t have to worry about points expiring as long as your account remains open.

Bank of America offers customers other benefits aside from travel rewards. You get features such as:

• $0 liability guarantee for fraudulent transactions
• Online and mobile banking
• Overdraft protection
• Digital wallet technology
• Contactless chip technology
• Account alerts
• Free FICO score access

The Bank of America Travel Rewards Credit Card is simple to use. Use your credit card for everyday purchases, and you’ll earn 1.5 points for every dollar you spend. There are no limits on what stores or websites you can shop at to earn points. Each point you redeem for travel credit is worth 1 cent — so 2,500 points, for example, equals $25. You can redeem the points as a statement credit to offset purchases from qualifying merchants within the past 12 months.

You can redeem your points for a number of travel purchases, including:

• Flights
• Train tickets
• Hotel stays
• Cruises
• Car rentals
• Tourist attractions such as amusement parks, art galleries and zoos
• Restaurants (including takeout) and bars

You aren’t limited to certain airlines, hotels or date restrictions when using the credit. You can also redeem points for cash or gift cards. If you redeem for cash, each point is worth three-fifths of a cent. The redemption value for gift cards varies. Your points don’t expire as long as you keep your account open and in good standing.

The Bank of America Travel Rewards Credit Card has no annual fee. It also has no foreign transaction fees, so you can make purchases in other currencies when you’re abroad without any extra charge.

The annual percentage rate for this credit card ranges from 13.99% to 23.99%. Your specific APR will depend on your credit history and varies based on the prime rate. The late payment fee is $29 or $40. The penalty APR, which applies to transactions on your account if you make a late payment, is up to 29.99%.

The Bank of America Travel Rewards Credit Card is worth it if you want to redeem points for travel-related expenses. You don’t have to worry about blackout dates or other travel restrictions. There’s also no annual fee, and you don’t have to pay any foreign transaction costs. However, if you think you may want to redeem points for cash or gift cards, there are probably better options. Compare the Bank of America Travel Rewards Credit Card with other travel credit cards so you know you’re getting the best card for you.