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About Bank of America Travel Rewards Credit Card
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The Bank of America Travel Rewards Credit Card lets customers earn 1.5 travel points for every dollar spent on every purchase. You can then use the points to redeem travel credit for use toward air travel, hotels, dining and tourist attractions. The card has no annual or foreign transaction fees. Depending on your credit history, the annual percentage rate ranges from 13.99% to 23.99% after an introductory 0% rate for 15 billing cycles.
Pros & Cons
Pros
- No annual or foreign transaction fees
- 0% APR for first 15 billing cycles
- 25,000 bonus points offer
- Free monthly FICO score
Cons
- Lower point value for cash redemption
- Some travel credit restrictions
Bottom Line
The Bank of America Travel Rewards Credit Card gives you 1.5 reward points for every dollar you spend. There’s no annual fee and no foreign transaction fee. APR ranges from 13.99% to 23.99% after a 0% introductory period.
What is 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
How to use the Bank of America Travel Rewards Credit Card
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.
Bank of America Travel Rewards annual fee
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%.
Bank of America Travel Rewards Credit Card FAQ
Do Bank of America Travel Rewards expire?
No, points don’t expire as long as your account remains open with active charging privileges.
Does the Bank of America Travel Rewards card have a foreign transaction fee?
No, there is no foreign transaction fee with the Bank of America Travel Rewards card.
How much are Bank of America Travel Rewards points worth?
Each point with the Travel Rewards card is worth 1 cent when redeemed for travel credit. If you choose to redeem for cash, each point is worth three-fifths of a cent.
How do I redeem my Bank of America Travel Rewards?
You can redeem your points by phone, on the Bank of America website or on the Mobile Banking app. You can start redeeming points for travel credit once you have 2,500 points. The travel credit is applied as a statement credit to your account for qualifying purchases in the past 12 months.
Does Bank of America Travel Rewards have travel insurance?
Travel insurance is not listed as a benefit with the Travel Rewards credit card. For more information about card benefits, speak with a specialist at Bank of America and read the terms and conditions in the card agreement.
Is the Bank of America Travel Rewards card worth it?
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.
Bank of America Travel Rewards Credit Card Reviews
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Reviewed April 4, 2023
Purchased flight ticket using travel rewards points and due extenuating circumstance was not able travel on the day. Called airlines and travel center customer care at least 2-3 hours before the flight to change the date of travel. I was given runaround between airlines and travel center citing policies and at least 30-45 min in line waiting to speak to live representative. By the time I spoke to representative, it was around 2 hrs and was past the flight time. I was not refunded or travel points were not reinstated to my credit card.
Reviewed April 27, 2018
The annual fee is fair. Many other airline cards charge much higher fees. The fee for the additional person to travel used to be $50. Now it is $100 or more.
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Reviewed April 26, 2018
The best advantage of this Bank of America Credit Card is no foreign transaction fees. Challenges with this card relate to billing, setting up online auto payment for full balance, paying any amount manually when full balance is set does not adjust the amount the bank collects when auto-payment is triggered. Really dumb logic by the programming staff.
Reviewed April 25, 2018
I truly like Bank-of-America representatives during a very long while. I fully know that all Credit Card companies repetitively change their specified plans, and employees within BofA are very friendly while psychologically reassuring that their customers would fully absorb their recent plans while including any changes if also interested. I have also presented my substantial issue & Court Case to you previously against JPMorgan within 2007, and every time since then - I truly appreciate all information & comfort being presented from BofA.
Reviewed April 18, 2018
I love that I can reimburse myself for purchases from various airlines and hotels up to 12 months after I make the purchase. The flexibility is great!
Reviewed April 17, 2018
I got this card with an initial sign on bonus of several hundred points that I later used to pay a bill. I've since made this my primary card because of the points, easy redemption, and protection in use.
Reviewed April 16, 2018
I don't know the interest rate as I pay my Bank of America Credit Card off every month. Also I've never noticed any benefits at hotels. I've never had to call customer service. I love Alaska, though!
Reviewed April 15, 2018
The Bank of America Credit Card takes a lot of points to get enough to cover a hotel. Would be nice if the bank cards could get motels to accept less points or points plus $s like Barclaycard US.
Reviewed April 14, 2018
Interest rates are generally too high for this card, even with high credit score. While I don't usually carry balances, would always avoid carrying a balance on this card.
Bank of America Travel Rewards Credit Card Company Information
- Company Name:
- Bank of America Travel Rewards
- Website:
- www.bankofamerica.com
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