About the Card
The Bank of America® Travel Rewards Credit Card is a great option for individuals looking for a simple, flexible, and rewarding way to earn travel points.
Unlike many other travel credit cards, this card offers unlimited 1.5 points per dollar spent on all purchases, without any category restrictions.
Additionally, these points never expire, making it an excellent long-term option.
One of its biggest advantages is that it has no annual fee and no foreign transaction fees, making it particularly attractive for frequent travelers.
Moreover, new cardholders can benefit from a valuable welcome bonus: earn 25,000 online bonus points after spending $1,000 in the first 90 days, which can be redeemed for a $250 travel credit.
Who Should Consider This Card?
This card is ideal for individuals who travel frequently and want to earn consistent rewards on all purchases without dealing with complicated category restrictions.
It’s particularly useful for those who don’t want to pay an annual fee but still want to earn travel-related perks.
Additionally, customers who have an existing Bank of America® account can maximize their benefits.
If you’re part of the Preferred Rewards program, you can earn up to 75% more points, significantly boosting your rewards potential.
This makes the card a fantastic choice for those who already bank with Bank of America®.
Key Benefits of the Card
- Unlimited 1.5x Points: Earn 1.5 points per dollar on all purchases with no category restrictions.
- Sign-Up Bonus: Receive 25,000 online bonus points (worth $250 in travel credits) after spending $1,000 in the first 90 days.
- No Expiration on Points: Unlike some travel cards, your points never expire, giving you maximum flexibility.
- No Annual Fee: Enjoy all travel benefits without paying a yearly fee.
- No Foreign Transaction Fees: Perfect for international travel, as it saves you from extra charges.
Additional Features and Protections
- Preferred Rewards Bonus: If you qualify for Bank of America’s Preferred Rewards program, you can increase your rewards earnings by up to 75%.
- Travel and Emergency Assistance: Access 24/7 travel assistance in case of emergencies.
- Fraud Protection: The card comes with real-time fraud monitoring and zero liability protection for unauthorized transactions.
- Chip Technology: Provides enhanced security for purchases both in the U.S. and abroad.
- Flexible Redemption Options: Use your points for flights, hotels, vacation packages, and more.
Fees and Interest Rates
- Annual Fee: $0
- Foreign Transaction Fees: None
- Introductory APR: 0% APR on purchases for the first 15 billing cycles
- Regular APR: Variable APR between 18.24% and 28.24%, depending on creditworthiness
- Balance Transfer Fee: 3% of the transfer amount
Is the Bank of America® Travel Rewards Credit Card Worth It?
For those looking for a simple and rewarding travel credit card with no annual fee, the Bank of America® Travel Rewards Credit Card is an excellent choice.
It offers consistent rewards on every purchase, flexible redemption options, and additional benefits for Bank of America® customers.
However, if you prefer a card with higher earning rates on travel categories, premium travel perks, or airport lounge access, you may want to explore alternatives.
But for budget-conscious travelers who want an easy and cost-effective way to earn travel rewards, this card is one of the best options available.
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 Credit Card is a solid choice for those seeking a no-annual-fee travel card with simple, flexible rewards.
Offering 1.5 points per dollar on all purchases and no foreign transaction fees, it’s ideal for frequent travelers.
The introductory 0% APR on purchases and a 25,000-point sign-up bonus add significant value.
However, the lack of premium travel perks and fixed-value redemptions may not appeal to those seeking luxury benefits.
Overall, it’s a great option for budget-conscious travelers.
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+Pros
- No Annual Fee: The card has no annual fee, making it a cost-effective choice for travelers.
- Unlimited 1.5 Points on All Purchases: Earn 1.5 points per dollar spent on every purchase, making it simple to earn rewards.
- No Foreign Transaction Fees: Avoid extra charges when traveling abroad with no foreign transaction fees.
- Bonus Points: Earn 25,000 bonus points if you make at least $1,000 in purchases in the first 90 days.
- Introductory 0% APR: Enjoy 0% APR on purchases for the first 12 billing cycles, which can help with large expenses.
- Cons
- Limited Travel Perks: Unlike premium travel cards, this card lacks additional travel perks such as airport lounge access or travel insurance.
- Fixed Redemption Value: Points are redeemed at a fixed value for travel expenses, which may not offer as much flexibility as other cards with more diverse redemption options.
- Higher APR After Introductory Period: Once the 0% APR period ends, the regular APR can be relatively high for those who carry a balance.
