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With this card, you get 1.5 points for every dollar you spend, no matter what you’re buying or where.
There are no complicated categories to track, and no annual fee to worry about.
Plus, it’s a great option for anyone who travels abroad since there are no foreign transaction fees. Whether you’re picking up lunch or booking a vacation, the points add up quickly.
If you’re looking for a straightforward rewards card with flexible redemption options, this one could be a great fit. Keep reading to see how it works and if it’s the right choice for you!
Bank of America Travel Rewards card
No annual fee No foreign transaction feesHow does the bank of america travel rewards card work?
The Bank of America Travel Rewards card is easy to use. You earn 1.5 points for every $1 you spend, no matter where you are or what you’re buying.
There are no special categories or limits. So, whether you’re picking up groceries or booking a flight, you’re earning points.
The best part? These points don’t expire as long as you keep your account open. You can use them whenever you want, at your own pace.
Once you’ve built up points, you can redeem them for statement credits to cover travel expenses like flights, hotels, vacation rentals, and even dining expenses such as takeout.
There are no blackout dates, and you can use your points for a variety of travel or dining purchases.
Plus, if you travel abroad, you won’t be hit with any foreign transaction fees—a nice perk when you’re exploring new places.
Main benefits of the Bank of America Travel Rewards Card
There are some great reasons to consider the Bank of America Travel Rewards card. For starters, it offers a flat rate of 1.5 points per dollar spent.
If you’re a Bank of America Preferred Rewards member, you can earn even more points—up to 75% more. This can really add up if you’re using the card often.
And don’t forget about the introductory 0% APR for the first 15 months. If you’re planning to make big purchases or transfers, this can help you pay them off over time without interest.
Cons of the Bank of America Travel Rewards Card
While the Bank of America Travel Rewards card has plenty of positives, it’s not perfect. One downside is the way you can redeem your points.
While you can use points for statement credits toward travel and dining purchases, you can’t directly book travel like you might with other rewards cards.
This could be limiting if you prefer to have more flexibility when booking flights or hotels.
Another con is the high APR after the introductory period. Once the 0% APR offer ends, the rate jumps to 18.24% to 28.24%, which is fairly high. If you carry a balance, you could end up paying a lot in interest.
Lastly, the balance transfer fee is something to keep in mind. For the first 60 days, it’s 3% of each transfer, which increases to 4% after that. So if you’re looking to transfer a balance, this fee could add up.
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APR and Fees
Let’s talk about APR and fees. The Bank of America Travel Rewards card offers a 0% introductory APR for the first 15 months on purchases and balance transfers.
This is perfect if you plan on making large purchases or transferring a balance from another card. It gives you time to pay it off without worrying about interest.
However, after the introductory period ends, the APR increases to a variable rate between 18.24% and 28.24%.
This is a high range, so if you don’t pay off your balance in full before the intro period ends, interest charges could add up quickly.
Another fee to be aware of is the balance transfer fee. During the first 60 days, it’s 3%, but after that, it jumps to 4%.
This isn’t the lowest fee around, so it’s something to consider if you’re planning to transfer debt.
The good news is that there are no foreign transaction fees, which is great for anyone who travels internationally. You won’t get hit with extra charges when using the card abroad.
How to apply for the Bank of America Travel Rewards Card
You can start by visiting their website and filling out an online application. It’s a simple process where you’ll provide some basic details about yourself, like your name, address, and income.
Once you’ve submitted your application, you’ll usually get a decision quickly—often in just a few minutes.
If you’re approved, your card will be mailed to you, and you can start using it right away to earn points.
If you’re already a Bank of America customer, the process is even faster since your information is already on file. But if you’re not, don’t worry—it’s still quick and easy to apply.
Once you have your card, you can start earning rewards right away. And if you meet the spending requirements, you’ll even get the 25,000 bonus points within your first 90 days.
