Bank of America Travel Rewards Credit Card Review

Bank of America Travel Rewards Credit Card Review

The Bank of America Travel Rewards credit card offers a straightforward approach to earning travel rewards, unlimited 1.5 points per dollar on all purchases, and no annual fee. Enjoy a 25,000-point welcome bonus after spending $1,000 in the first 90 days, which could translate to $250 in travel credits.

Redeem your points flexibly for flights, hotels, car rentals, dining, and more, with no blackout dates or restrictions. This card also boasts a 0% introductory APR for 15 months on purchases and balance transfers (with a fee), making it ideal for financing more considerable travel expenses or paying down existing debt.

Quick Highlights

• Enjoy unlimited 1.5 points on every dollar spent, whatever you buy, wherever you go.
• Score a bonus: Get 25,000 points (worth $250 in travel credits!) after spending $1,000 in the first 90 days.
• Redeem points for statement credits towards flights, hotels, car rentals, dining, and more.
• There are no blackout dates or restrictions.
• No foreign transaction fees mean you can use your card abroad without extra charges.
• Enjoy an APR of 0% on purchases and balance transfers for 15 months, perfect for financing travel or paying off debt.
• Enjoy 25% and 75% more points on every purchase.
• If you’re a Bank of America Preferred Rewards® member, earn up to 75% more points on every purchase!
• Enjoy the security of a chip card with the tap-and-go ease of contactless payment.

Rewards and Benefits

Rewards

• 5x points per dollar spent on all Purchases

Benefits

• 0% introductory APR: for 15 months on purchases and balance transfers (then a variable APR applies).
• Unlimited Points: 1.5 points per dollar spent on all purchases, with no expiration date, as long as your account remains open.
• A 25,000-point welcome bonus after spending $1,000 in purchases within the first 90 days is equivalent to a $250 travel statement credit.
• Flexible redemption: Use points for travel statement credits on flights, hotels, car rentals, baggage fees, and dining (including takeout).
• No blackout dates or restrictions: Book your travel how and where you want.
• Bonus for Preferred Rewards members: Earn up to 75% more points on every purchase.
• No annual fee: Keep more of your hard-earned money.
• No foreign transaction fees: Use your card abroad without extra charges.
• Contactless payment convenience: tap and go for secure and speedy transactions.
• Preferred Rewards bonus (if applicable): Earn 25%–75% more points on every purchase

Redemption Flexibility

• Use points for statement credits toward: Flights
• Hotels
• Car rentals
• Vacation rentals
• Baggage fees
• Restaurants (including takeout)
• No blackout dates or restrictions—book travel how and where you want.

Rate and Fee

• 0% Intro purchase APR: applies to purchases for 15 billing cycles.
• Regular APR: After the introductory period, a variable APR of 24%–28.24% will apply to purchases and balance transfers.
• Intro Balance Transfer APR: 0% intro balance APR for 15 billing cycles for BTs made in first 60 days.

Fees

• Annual Fee:$0
• Balance Transfer Fee: 3% of each transfer amount.
• Foreign Transaction Fee: None
• Late Payment Fee: Up to $40

Redemption options

• Travel: This is the most valuable redemption option, with a 20% discount when you use points through the Bank of America Travel Center. You can book flights, hotels, car rentals, cruises, and more.
• Cash back: Redeem points for a statement credit or direct deposit to your Bank of America or Merrill account.
• Gift cards: Choose from a wide variety of retailers and brands.
• Statement credit: Pay for eligible travel and dining purchases (including flights, hotels, restaurants, and takeout) with a statement credit.
• Experiences: Use your points to book unique experiences through Bank of America’s Concierge service.
• Points don’t expire.
• Travel redemption offers the best value for your points.
• You can redeem points through online banking, the Bank of America mobile app, or by calling customer service.

Eligibility Criteria

The eligibility criteria for the Bank of America Travel Rewards credit card

General Requirements

• Be at least 18 years old.
• You have a valid Social Security or Individual Taxpayer Identification Number (ITIN).
• Be a U.S. citizen or lifeline resident.

Fico Score

• While Bank of America doesn’t publicly disclose the exact minimum credit score requirement, generally, a good to excellent credit score (670-850 good to perfect score) will increase your chances of approval.

How to apply

• You can apply online, by phone, or with a Bank of America travel rewards card.
• The online application is the fastest and easiest way to use it.
• You will need to provide your personal information, income information, and employment information.
• You will also need to agree to a credit check.

Decision

• Bank of America will typically inform you if you have been approved within a few days.
• If approved, you will receive your credit card in the mail within 7-10 business days.

Required Information

• Personal information (name, address, date of birth, Social Security number)
• Employment information (income, employer)
• Housing information (rent or mortgage payment)
• Contact information (phone number, email address)

Customer Service

• By phone: Call 1-866-422-8089.
• Official Website: Bank of America

Conclusion

The Bank of America Travel Rewards credit card is a solid no-fee travel credit card that earns unlimited 1.5 points per dollar spent on all purchases. The points can be redeemed for travel statement credits, gift cards, or merchandise.

This card does not have foreign transaction fees, and your points don’t expire as long as your account remains open. However, the card doesn’t offer travel-specific perks like airport lounge access or travel insurance.

The Bank of America Travel Rewards credit card is perfect for those new to the world of travel points or for existing Bank of America customers. With no annual fee and a straightforward rewards system, this card is a great starting point for anyone looking to earn travel rewards.

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