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The BankAmericard® credit card is not currently on the market.
With no annual fee, you can maximize the number of points you earn to use on travel purchases without worrying about whether you’re spending enough to justify the high cost of some travel rewards cards. You can earn unlimited 1.5X points for every $ 1 you spend on all your purchases. You can use your points to pay for eligible travel expenses, and just like with many comparable travel credit cards, your points never expire.
Below, To select breaks down the rewards, benefits and costs associated with Bank of America Travel Rewards Credit Card to help you decide if this is the right card for you.
Bank of America® Travel Rewards credit card
1.5 unlimited points for every $ 1 spent on all purchases
25,000 bonus points after spending at least $ 1,000 on purchases within the first 90 days of account opening, which can be redeemed for a $ 250 credit on the statement for qualifying travel purchases
0% APR for the first 12 billing cycles on purchases
13.99% to 23.99% variable
Balance transfer fees
Either $ 10 or 3%, whichever is greater
Foreign transaction fees
Whether you use your credit card at the supermarket, at the pump, or to book a flight, you’ll earn 1.5 times more points for every dollar spent on qualifying purchases.
Right now, new cardholders can also take advantage of a generous welcome offer: Earn 25,000 bonus points after making $ 1,000 in purchases within the first 90 days of opening the account. This can be redeemed for a $ 250 credit towards travel purchases.
You can start using your rewards once you’ve earned 2,500 (for travel) or 3,125 for gift cards. The value of your points varies depending on how you use them. You get the best rate (1 point = $ 0.001) if you use your Bank of America Travel Rewards credit card to book your trip and then apply your rewards as a statement credit to basically reimburse you for your travel expenses.
This method of travel rewards reimbursement is similar to redeeming points for future travel, available on cards like the Capital One VentureOne Rewards Credit Card and the Capital One Venture Rewards Credit Card.
You can also redeem your points for a cash reward in the form of a check or electronic deposit to a Bank of America checking or savings account or for a credit to an eligible cash management account with Merrill. Each point redeemed for cash is worth $ 0.006 (2,500 points = $ 15). The redemption value of gift cards varies, so you’ll want to do your research before redeeming your points this way.
Bank of America Travel Rewards cardholders can benefit from the Museums about us® program. During the first full weekend of each month, you can get free general admission to participating museums upon presentation of your eligible Bank of America credit card and photo identification. (This benefit excludes special exhibitions, paid shows, and fundraising events.)
The Bank of America Travel Rewards credit card is a no annual fee travel rewards card. There are also no overseas transaction fees, which gives you the freedom to take this card with you on your next vacation abroad.
The card also offers new customers a 0% interest period on purchases for the first 12 billing cycles (after, 13.99% to 23.99% variable APR). Note that this promotional financing period applies to new purchases only. Balance transfers will bear interest at the standard rate, plus a 3% balance transfer fee.
If you are looking for a balance transfer card refund high interest debt on other accounts, you may want to consider BankAmericard® credit card, which offers 0% interest for the first 18 billing cycles (afterwards, 12.99% to 22.99% variable APR). You can also search for a balance transfer credit card with no balance transfer fees to help you take the path to be debt free.
Many great travel rewards cards are available for $ 95 or more, while the Bank of America Travel Rewards credit card has no annual fee, plus 0% APR on new purchases for the first 12 billing cycles (after, 13.99% to 23.99% variable APR). Cardholders earn unlimited 1.5X points for every dollar spent on qualifying purchases, with no blackout, limit or expiration date. These points can be redeemed as flexible travel credits that allow you to cover a wide range of travel purchases.
Of course, you may be able to get more value from a travel card such as the new American Express® Green Card – which rewards travel with 3X points on public transport, as well as 3X points on restaurants, but with an annual fee of $ 150 (see prices and fees). There is also the Chase Sapphire Preferred® Card which offers 5X points on Lyft trips through March 2022, 2X points on travel and restaurants worldwide and 1X points on all other purchases, and has an annual fee of $ 95.
Information about the American Express® Green Card, BankAmericard® Credit Card, Bank of America® Travel Rewards Credit Card, Capital One VentureOne Rewards Credit Card, and Capital One® Venture® Rewards Credit Card has been collected independently by Select and have not been reviewed or provided by the card issuer prior to publication.
To find out the rates and fees for the American Express® Green Card, click on here.
Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.