Bank of America® Travel Rewards credit card
The best thing about the BankAmericard Travel Rewards card is its simplicity. Earning and redeeming rewards is straightforward. Every purchase, no matter what you buy or where you buy it from, will earn a bonus. You’ll get a fixed 1.5 points per dollar with no limits. And once you have accrued points, you can simply apply them to any travel you’ve purchased on the card in the form of a statement credit.
You don’t have to worry about special bonus categories for purchases or spending caps, and you won’t have to buy travel through a specific website or hunt for hard-to-find award seats with a specific airline. Just buy what you want, earn points and redeem for statement credits toward travel purchased on your card.
The Travel Rewards card from Bank of America doesn’t have an annual fee, either, so you won’t have to worry about earning enough rewards to justify keeping the card. Like I said, this card is simple.
What’s the catch? Points are worth just one cent each. There’s no way to get an outsized value by scouring award charts or splurging on premium cabin seats. You can, however, compare prices and buy the cheapest fares from any airline or travel website. That’ll help get a little more out of your points.
While there are some comparable cards on the market, the BankAmericard Travel Rewards card deserves a spot at the top of your list if you’re already a Bank of America customer. If you have a checking or savings account, you’ll get 10 percent more points for every purchase. And if you’re a Preferred Rewards client with a chunk of change in Bank of America or Merrill accounts, that bonus can climb to between 25 and 75 percent.
Bonuses and Benefits
Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the Bank of America® Travel Rewards credit card offers and the value of the Bank of America points you earn.
The BankAmericard Travel Rewards card comes with a 20,000 points sign-up bonus after spending $1,000 within three months of account opening. That’s worth $200 in travel, which is a good bonus for a card with no annual fee.
This card also offers 12 months of 0% APR on purchases. That can be a great perk if you thinking about making a big purchase soon. Note that the intro APR period does not apply to balance transfers. You’ll have to look elsewhere if you’re looking for an interest-free way to pay down existing card debt.
What You Get
- 20,000 points after spending $1,000 within the first 3 months
- 1.5 points for every dollar spent
- Between 10% and 75% bonus points if you’re a Bank of America or Merrill customer
- 0% APR for one year on purchases
- No annual fee
Bank of America Travel Rewards points do not expire as long as your card account remains in good standing. Unlike many cards and loyalty programs, you do not have to post activity to keep your points alive. And since this card has no annual fee, there is essentially no cost to keep your points forever. So feel free to save up a big stash of points to pay for a big trip, or use them as soon as you get them. The choice is yours.
What is the value of the BankAmericard Travel Rewards Rewards points?
Every point you earn with the BankAmericard Travel Rewards Visa Signature is worth one cent. There’s no way to redeem your points and get more value. However, if you consider that you earn a fixed 1.5 points per dollar, then you are essentially getting 1.5 cents in value back per dollar spent.
What is CPM and How Is It Calculated?
Cents Per Mile (CPM) is a way to measure the value of miles or points. It tells you how many cents you get for each mile or point you redeem by dividing the cash price of the airline ticket by the number of miles or points the award flight costs. That amount is multiplied by the number of miles or points earned per dollar spent on everyday purchases to account for cards that earn more than one mile per dollar spent.
How we calculate CPM:
The Best Ways to Redeem BankAmericard Travel Rewards Points
There is only one way to redeem the points you earn with the Travel Rewards card. Simply buy travel with your credit card and redeem points for statement credits toward that purchase. You can use points toward just about any travel, including flights, hotels, vacation packages, cruises, rental cars and even baggage fees and other airline incidentals.
Miami–ChicagoEconomy classMiles price32,340points+$0 feeDollars price$323
Atlanta–SeattleEconomy classMiles price73,240points+$0 feeDollars price$732
Philadelphia–DenverEconomy classMiles price57,039points+$0 feeDollars price$570
Los Angeles–SeoulEconomy classMiles price162,335points+$0 feeDollars price$1,623
New York–LondonEconomy classMiles price178,956points+$0 feeDollars price$1,789
Chicago–DubaiEconomy classMiles price197,000points+$0 feeDollars price$1,970
San Francisco–New YorkBusiness classMiles price196,640points+$0 feeDollars price$1,966
Seattle–HonoluluBusiness classMiles price258,970points+$0 feeDollars price$2,589
Boston–Los AngelesBusiness classMiles price119,640points+$0 feeDollars price$1,196
Boston–FrankfurtBusiness classMiles price288,700points+$0 feeDollars price$2,887
Seattle–AucklandBusiness classMiles price512,466points+$0 feeDollars price$5,124
Dallas–BogotaBusiness classMiles price237,956points+$0 feeDollars price$2,379
Other ways you can redeem points
While you can’t transfer points to hotel loyalty programs, you can use your points for statement credits toward hotels, motels, resorts, Airbnb and more.
Like hotels, there are no car rental partners associated with the Travel Rewards card. You can, however, use your points for statement credits to pay for rentals from any agency.
You cannot directly purchase airfare with the points you earn on your card, but you can redeem points for statement credits after you purchase a flight. Best of all, you can use points toward purchases made from any carrier.
Every single purchase you make with this card will earn 1.5 points per dollar. There’s no need to worry about specific purchase categories, quarterly rotating categories or spending caps. Just buy what you want, when you want it, and you’ll always earn bonus points.
If you’re a Bank of America, Merrill Lynch or Merrill Edge account holder, you could earn even more. Every customer with a checking or savings account automatically gets 10 percent bonus points. That means that every $100 spent earns 165 points, instead of the standard 150.
The really nice bonuses come if you’re a Preferred Rewards client. If you have $20,000 to $50,000 in combined account balances, you’ll get 25 percent bonus points; $50,000 to $100,000 gets a 50 percent bonus; and $100,000+ gets a whopping 75 percent bonus. At the max bonus level, $10,000 in spending, which is certainly possible in a year, earns 26,250 points worth over $260. That’s an incredible return of 2.625 points for every dollar spent.
- All Other Purchases
There are no restrictions on which purchases earn 1.5 points per dollar, nor are there any limits on how much you can earn at that rate.
No Foreign Transaction Fees
You can use this card while you’re traveling abroad since you’ll never incur any transaction fees.
Earn Elite Status Fast
The BankAmericard Travel Rewards card is not associated with any loyalty program, so you will not earn elite status by using this card.
Fees: the cost of Having the Card
This is card has no annual fee, so you don’t have worry about earning a certain amount of rewards to cover the cost of carrying the card. Everything you earn with this card is net profit. The 20,000 points sign-up bonus, for instance, is essentially free money. That’s a quick $200 in your pocket.
- Annual Fee
- Balance Transfer Fee
Either $10 or 3% of the amount of each transaction, whichever is greater
- Foreign Transaction Fee
- Late Payment Fee
- Up to $38
The BankAmericard Travel Rewards Visa is a no-fee card. You do not have to earn a certain amount of rewards in order to cover the cost since it’s free. It’s still good to know roughly how much you’ll be earning, though. We’ve broken out our estimates for the first- and second-year net earnings.
These estimates are based on an annual monthly spend of $2,000
Top 5 Benefits of the Bank of America Travel Rewards Card
While not the most benefit-packed travel card on the market, the Travel Rewards card offers great value to cardholders. Let’s take a look at some of the best benefits of this card.
- Unlimited Bonus Earning: Every dollar you spend earns 1.5 points. There are no limits on how much you can earn or what earns the bonus.
- No Annual Fee: This card is absolutely free to hold, which means that every reward you earn is pure profit for you.
- Great Sign-Up Bonus: This card’s bonus is worth $200 in travel. Not bad for a free credit card.
- Bonus Points for Bank of America Customers: If you have a checking, savings or investing account with Bank of America or Merrill, you’ll earn up to 75 percent more points on every purchase.
- Straightforward Redemptions: Simply buy the travel you want and redeem points for statement credits. You don’t have to worry about blackout dates or award charts.
Should You Get the BankAmericard Travel Rewards Credit Card?
If you’re looking for an easy-to-use travel rewards credit card with a solid earning scheme, decent sign-up bonus and no annual fee, then this card should be on your radar. Points will add up fast since every purchase earns a bonus, and redemptions couldn’t be easier. Just buy the travel you want from any vender and offset that cost with statement credits.
There are a few cards on the market that earn a higher fixed-rate return on spending, but not many. And those cards don’t come with a $200 sign-up bonus. If you’re already a Bank of America or Merrill customer, then this card is even more attractive. You’ll pull in an extra 10 to 75 percent in bonus points on all transactions. That bumps your earnings up to 1.65 to 2.625 points per dollar spent.
Even if you take a more nuanced approach to credit card rewards, this card could still earn a place in your wallet. You could get a few different cards that earn more than 1.5 percent back for a variety of purchase categories, but also hold a fixed-rate earner, like the Travel Rewards cards, for all purchases that don’t fall into those categories. You could pull in a lot more points, though you’ll have to decide if the extra work is worth it.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
- Bank of America uses all three of the major credit bureaus—TransUnion, Experian and Equifax—when considering new card applications. They don’t use all three for every applicant, but they do vary which bureau they use based on the state you’re in. If you’re concerned about which agency they will use for your application, you could ask Bank of America before applying.
- Most successful applicants report having an excellent credit score, which is in the range of 750 or higher, though many applicants report success with scores closer to 700. Bank of America will consider your entire application, not just your credit score, before approving or denying you for the card.If you’re on the low end and are concerned that you may be denied, it might be best to build up your credit score before applying. You can actually hurt your score by applying too often.
- One of the perks of the Bank of America Travel Rewards card is that you’ll get 12 months of 0% APR on purchases. That’s a great benefit, particularly if you plan to make some expensive purchases soon. You’ll be able to pay down your balance without accruing any interest. After the introductory period, your interest rate will be between 15.99% and 23.99%, depending on your creditworthiness.Note that balance transfers do not receive an interest-free period. You will be charged the standard rate of 15.99% to 23.99%. The APR for cash advances is a bit higher, ranging from 18.99% to 25.99%, also based on your creditworthiness.
In addition to the standard Travel Rewards card, Bank of America also offers a student and business version of the card. They are all no-fee cards with similar benefits.
Other BankAmericard Travel Rewards cards
|Sign-up bonus||20,000 points||20,000 points||25,000 points|
|APR On Purchases||15.99% to 23.99% Variable±||15.99% to 23.99% Variable±||12.24% to 22.24% Variable±|
|Second Year Value||$360||$360||$480|
The biggest difference between these cards is their intended customers. While the BankAmericard Travel Rewards card is designed for the standard consumer, the Business Advantage Travel Rewards MasterCard is for small business owners, and the BankAmericard Travel Rewards for Students card is for, you guessed it, students.
The student card requires less credit history to get, but it also comes with a lower credit limit than the standard consumer card. Other than that, it has all the same benefits as the standard consumer version of the card.
To get the business card, you’ll have to have a small business of some sort, though just about any activity that earns some income, including selling crafts on Etsy or vintage goods on Ebay, counts.
Of the three cards, the business card offers a few extra perks that make it a slightly better option if you can get it. All three cards earn a base rate of 1.5 points per dollar spent, but the business card also offers three points per dollar on travel booked through the Bank of America Travel Center. It also comes with a slightly bigger sign-up bonus of 25,000 points instead of 20,000.That’s an extra $50 in travel.
Compare BankAmericard Travel Rewards Visa Credit Card to Other Cards
Bank of America isn’t the only issuer to offer a flexible travel rewards credit card. Let’s take a look at a few other no-fee travel cards from other banks, including the Priceline Rewards Visa from Barclaycard, the Expedia+ card from Citi and the FlexPerks Travel Rewards Visa Signature from U.S. Bank.
The Priceline Rewards Visa has a much smaller sign-up bonus than the other cards at just 5,000 points worth $56. In fact, this card doesn’t have a lot going for it unless you buy a lot of travel from Priceline. While you can use the points you earn on the card for statement credits toward any purchase, the only bonus category for purchases is for Priceline.com. You’ll get an impressive five points per dollar for those purchases, but everything else earns just one point per dollar.
The Expedia+ card is similar to the Priceline card. If you buy a lot of travel on Expedia, it might be worth getting. If you don’t, it’s probably best to skip it. You’ll get a reasonable 15,000 points sign-up bonus, worth up to $200 if you purchase a stay at a +VIP Access hotel through Expedia or $150 for other travel purchased through the website. You’ll earn a decent three points per dollar for Expedia purchases, but all other purchases earn just one point per dollar. The biggest drawback of this card is that you can only use your points for Expedia purchases.
The FlexPerks Visa Signature is a much more flexible and rewarding card. You’ll get a 20,000 points sign-up bonus and double points in the category you spend the most on during any given month, including gas stations, grocery stores or airlines. You’ll also get double points for cell phone service. You can redeem your points for travel on over 150 airlines, and each redemption comes with a handy $25 airline allowance that you can use toward incidentals, like baggage fees and in-flight purchases.
It’s a solid card that could turn out to be more lucrative than the BankAmericard Travel Rewards card if you spend a lot in one of the double points categories. If you don’t, then the fixed 1.5 points per dollar for all purchases offered by the BankAmericard is a better way to go.
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
Card Terms and Conditions
While it's easy to focus on the rewards offered by the BankAmericard Travel Rewards credit card, it's worth taking a closer look at the terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with this Visa Signature card.
- Intro APR:
- 0% Introductory APR for the first 12 Statement Closing Dates following the opening of your account
- Intro APR for balance transfers:
- See Terms and Conditions
- Ongoing APR:
- 15.99% to 23.99% Variable±
- Minimum Grace Period:
- 25 days
Cash Advance Features
- Ongoing APR:
- 18.99% to 25.99%, based on your creditworthiness when you open your account, for Direct Deposit and Check Cash Advances, and 25.99% for Bank Cash Advances
- Cash Advance Fee:
- Direct Deposit and Check Cash Advances: Either $10 or 3% of the amount of each transaction, whichever is greater. ATM, Over-the-Counter, Same-Day Online and Cash Equivalent Cash Advances: Either $10 or 5% of the amount of each transaction, whichever is greater
Security and Protections
Bank of America offers a variety of security features with the Travel Rewards card.
- Account Monitoring:
- Bank of America will block potential fraud if abnormal activity is detected on your account.
- $0 Liability Guarantee:
- You’ll never have to pay for any fraudulent charges made to your account.
- Get added security when shopping online thanks to this free and easy service.
- Chip Cards:
- Chip technology offers added security and protection at chip-enabled terminals.
- Customizable Alerts:
- Receive alerts via email or text about account activity, balances and due dates.
- Free Credit Scores:
- Get a monthly FICO score for free and keep an eye on how your credit is doing.
Bank of America has award-winning online and mobile banking options that are included with your BankAmericard Travel Rewards account. The card is also fully compatible with digital wallet technology, including Apple Pay, Android Pay and Samsung Pay.
Additional Cardholder Benefits
The BankAmericard Travel Rewards card is issued as a Visa Signature, which offers a few added benefits.
Visa Signature Travel Benefits
- Auto Rental Collision Damage Waiver:
- Coverage for theft and collision for most rentals in the U.S. and abroad. Coverage is secondary to your personal insurance.
- Baggage Delay Insurance:
- Reimbursement for essentials, such as toiletries and clothing, if bags are delayed over six hours. Get up to $100 a day for three days.
- Roadside Dispatch:
- Call 1-800-847-2869 any time of day to get roadside assistance. You’re responsible for a flat rate of $69.95 per service provided, including towing, tire changing, jumpstarting and more.
- Travel and Emergency Assistance Services:
- Call the service line to get free assistance, including pre-trip information, medical referrals, emergency transportation, valuable document delivery, legal referrals, lost luggage locator and more. Cardholders are responsible for charges associated with any services actually received.