Is the Bank of America Travel Rewards Credit Card Right For Me?
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The Bank of America® Travel Rewards credit card is an great card for a wide variety of consumers. It provides plenty of point-earning power, streamlined use and no annual fee. That should be enough to get you thinking you might want this card. But how can you be certain? Allow us to break it down.
The Bank of America® Travel Rewards credit card is right for you if:
You like easy points
It's simple to rack up points using the Bank of America® Travel Rewards credit card. You can earn 3 points for every $1 spent on travel booked through the Bank of America Travel Center and 1.5 points for every $1 spent on purchases anywhere else.
There's also a welcome bonus to consider: 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
You are a Bank of America customer
You can boost your point-earning power if you're a Bank of America Preferred Rewards customer. If you qualify, you can earn a 25% to 75% bonus on every purchase.
You stay away from annual fees
If you've always wanted a travel rewards card but have been scared off by annual fees, the Bank of America® Travel Rewards credit card is worth checking out. While some travel rewards cards carry annual fees — which can sometimes negate the benefits if you don't use the card often enough — the Bank of America® Travel Rewards credit card does not. That means you can use the card as often, or as little, as you want without feeling the pressure of an annual fee breathing down your account's neck.
This card also has no foreign transaction fee, which can range between 3% and 4%.
You want flexibility
One drawback to travel rewards credit cards? Sometimes the companies make it seemingly impossible to actually use their travel rewards points, instructing you to use specific sites or book on certain days.
The Bank of America® Travel Rewards credit card makes redeeming points a breeze. Because it isn't tied to a specific hotel or airline, there are zero booking guidelines and no blackout dates. You can book your travel on any site and redeem the purchases for points, and you can also use points to pay your balance or to get credit on travel-related purchases.
You think of travel in the broadest terms
This card practically begs you to use your points for credit toward travel-related items. That's because Bank of America considers basically everything travel.
Categories that qualify as travel-related include: airlines, hotels, motels, timeshares, trailer parks, recreational vehicle rentals, campgrounds, car rentals, truck and trailer rental, cruise lines, travel agencies, real estate agents, passenger trains, buses, taxis, limousines, ferries, boat rentals, parking lots and garages, tolls and bridge fees, art galleries, amusement parks, carnivals, circuses, aquariums and zoos.
You like security
The Bank of America® Travel Rewards credit card is a great option if you like going the extra mile to protect your identity and finances. The card comes with free, monthly FICO credit score access and also provides temporary credit card numbers for you when you're doing online shopping.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:
Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Bank of America® Travel Rewards credit card
Flat-rate travel rewards: Capital One Venture Rewards Credit Card
Bonus travel rewards and high-end perks: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card
Planning a trip? Check out these articles for more inspiration and advice: Making the most of Bank of America Travel Rewards NerdWallet’s top travel credit cards This strategy is how I started earning major travel rewards