The BankAmericard Travel Rewards® credit card is an excellent option for frequent travelers who want flexible rewards but just can’t bring themselves to pay an annual fee for a credit card.
Cardholders earn an unlimited 1.5 points per dollar spent on all purchases. Rewards never expire as long as the account is open, and they can be redeemed for credit against any travel purchase. With no foreign transaction fees and a $0 annual fee, this card definitely travels light.
- Recommended Credit Score
- 690850Good - Excellent
- Card Details
- No annual fee and no foreign transaction fees
- Generous flat rewards rate on all purchases
- Flexibility to book travel how you want
- Rewards accelerator if you bank with Bank of America or Merrill Lynch
- More restrictive than a straight cash back card
- If you're a big spender with excellent credit and willing to pay an annual fee, there are cards with higher rewards
- APR: 15.99% - 23.99% Variable APR
- Penalty APR: up to 29.99% APR
- Cash Advance APR: See Terms
Bonus Offers20,000 online bonus points if you make at least $1,000 in purchases in the first 90 days - that can be a $200 statement credit toward travel purchases
- 0% on Purchases for 12 billing cycles
- Additional Information
- Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
- 20,000 online bonus points if you make at least $1,000 in purchases in the first 90 days - that can be a $200 statement credit toward travel purchases
- Use your card to book your trip how and where you want – you’re not limited to specific websites with blackout dates or restrictions
- Redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
- Comes with chip technology for enhanced security and protection at chip-enabled terminals
- 0% Introductory APR for 12 billing cycles for purchases, then 15.99% - 23.99% Variable APR
- Get an additional 10% customer points bonus on every purchase when you have an active Bank of America® checking or savings account
- If you’re a Preferred Rewards client, you can increase that bonus to 25% - 75%
The BankAmericard Travel Rewards® credit card: Basics and benefits
Basic card features
The vital statistics for the BankAmericard Travel Rewards® credit card are:
- 1.5 points per dollar spent
- 3 points per dollar spent on eligible travel booked through the Bank of America® Travel Center
- A value of 1 cent per point when redeemed for travel credit and a little over half a cent per point for cash. Points can also be redeemed for gift cards at varying redemption values. Minimum redemption: 2,500 points for travel or cash.
- A $0 annual fee and no foreign transaction fees
- Introductory APR of 0% on Purchases for 12 billing cycles, and then the ongoing APR of 15.99% - 23.99% Variable APR
- A sign-up bonus: 20,000 online bonus points if you make at least $1,000 in purchases in the first 90 days - that can be a $200 statement credit toward travel purchases
Flexible rewards. The BankAmericard Travel Rewards® credit card isn’t tied to any particular airline or hotel chain. Book travel any way you want, with no restrictions and no blackout dates, and then use points to wipe out the cost on your statement. Bank of America® also has one of the broadest definitions of “travel” of any major issuers. You can use points to get credit for airfare, hotel stays, cruises and car rentals, of course — but also for things like campgrounds, art galleries, amusement parks, carnivals, circuses, aquariums and zoos.
Opportunities for even more rewards. If you have a Bank of America® checking or savings account, you are eligible for a 10% points bonus, making your effective rewards rate 1.65%. Members of the bank’s Preferred Rewards program can snag even higher bonuses, described below. You also earn 3 points per dollar — twice the card’s usual rate — at the Bank of America® Travel Center.
Visa Signature benefits. Visa Signature cards offer 24/7 concierge service, travel protections and luxury hotel benefits at more than 800 locations. Enjoy room upgrades, free in-room Internet service and free continental breakfast.
Preferred Rewards boosts earnings
The Preferred Rewards program allows certain Bank of America® credit card holders to earn bonus rewards greater than the 10% for having a checking or savings account. If you have enough money in combined balances in Bank of America®, Merrill Edge and Merrill Lynch accounts, you can earn bonuses of 25% or more. There are three tiers to the program:
- Gold: At least $20,000 in balances; earn a 25% bonus.
- Platinum: At least $50,000 in balances; earn a 50% bonus.
- Platinum Honors: At least $100,000 in balances; earn a 75% bonus.
Say you spent $10,000 on your card in a year. That would usually earn you 15,000 points, worth $150 at a penny a point. If you were a Gold member in Preferred Rewards, your bonus would push your earnings to 18,750 points ($187.50). If you were Platinum, 22,500 points ($225). For Platinum Honors, 26,250 ($262.50).
The BankAmericard Travel Rewards® credit card: Drawbacks
The BankAmericard Travel Rewards® credit card is a great $0-fee travel companion, but depending on how much you spend and how you prefer to redeem, a different card might better suit you.
Other cards pay higher travel rewardsBarclaycard Arrival Plus™ World Elite MasterCard® or the Capital One® Venture® Rewards Credit Card. Both cards earn 2 miles per dollar spent. The Barclaycard Arrival Plus™ World Elite MasterCard® also gives you 5% of your miles back when your redeem. Like the BankAmericard Travel Rewards® credit card, both of these cards allow you to redeem rewards for credit against travel expenses at a rate of 1 cent per mile.
Barclaycard Arrival Plus™ World Elite MasterCard®’s annual fee is $0 for the first year, then $89. The Capital One® Venture® Rewards Credit Card’s annual fee is $0 for the first year, then $59. The rewards offset these fees if you spend over $2,950 annually with the Capital One® Venture® Rewards Credit Card and over $4,450 annually with the Barclaycard Arrival Plus™ World Elite MasterCard®.
You get a lesser redemption value for cash
Discover it® Miles has a lot in common with the BankAmericard Travel Rewards® credit card: an unlimited 1.5 points miles per dollar spent, a $0 annual fee and no foreign transaction fees. But a key difference is that the Discover it® Miles gives you the same value per point whether you redeem for travel or cash back. It also puts new cardholders in charge of their own sign-up bonus. As Discover puts it: Match Mile For Mile: We’ll match all the Miles you’ve earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles. The BankAmericard Travel Rewards® credit card has an edge over this card with its opportunities for bonus rewards and Visa’s wider acceptance abroad, but the Discover it® Miles is worth considering if you want better cash-back value.
Is the BankAmericard Travel Rewards® credit card right for you?
The BankAmericard Travel Rewards® credit card offers a solid travel rewards program for the fee-averse. If your deposits reside at Bank of America®, you can gain even more rewards.
Last update July 14, 2017.