The bottom line: This solid no-fee travel credit card is especially rewarding for Bank of America® banking customers.
Pros & Cons
- No annual fee
- New cardholder bonus offer
- Intro APR period
- No foreign transaction fees
- Flexible rewards redemption
- Requires good/excellent credit
- No bonus categories
- Best rewards limited to certain customers
Alternate Pick: Higher rewards rate
Compare to Other Cards
13.99% - 23.99% Variable APR
15.99% - 22.99% Variable APR
11.99% - 22.99% Variable APR
0% intro APR for 15 billing cycles on purchases
0% intro APR on Purchases for 14 months and 10.99% intro APR on Balance Transfers for 14 months
Recommended Credit Score
Recommended Credit Score
Recommended Credit Score
Get more smart money moves — straight to your inbox
Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love.
The 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, but some of the redemption options have a time limit attached (more on that later). Points can be redeemed for credit against any travel or restaurant purchase. With no foreign transaction fees and a annual fee, this card definitely travels light.
Card type: .
Annual fee: .
Sign-up bonus: .
Points are worth 1 cent apiece when redeemed for travel or restaurant purchases and a little over half a cent apiece for cash. Points can also be redeemed for gift cards at varying point values. Minimum redemption: 2,500 points for travel or cash.
Interest rate: . (A 0% APR period is relatively rare on a travel card.)
Foreign transaction fees: None.
The 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. Add to that, points are good for credit on restaurant purchases, too.
Points don't expire, but the travel and dining purchases you can redeem them for have a time limit. You can redeem points for a statement credit toward travel or dining purchases made within 12 months prior to the date of redemption. And, these redemptions are limited to the most recent 2,500 qualifying travel and dining purchases.
As part of the Visa network, the travels well internationally. Visa is widely accepted worldwide, meaning you're less likely to run into trouble using it abroad. You also don’t have to worry about paying foreign transaction fees, which typically cost 1% to 3% of every transaction.
Unlike most flat-rate cards, you have the opportunity to earn higher rewards with the . You'll earn 3 points per dollar spent — twice the card's usual rate — at the Bank of America® Travel Center. And if you're a Bank of America® Preferred Rewards member, you can earn higher rewards rates, described below.
The program allows certain Bank of America® credit card holders to earn bonus rewards. If you have enough money in combined balances in Merrill accounts, you can earn bonuses of 25% or more. There are three tiers to the program, determined by your combined balances in those bank and investment accounts:
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 is a great -fee travel companion, but depending on how much you spend and how you prefer to redeem, a different card might better suit you.
Bigger spenders will likely get more value from the , which earns 2 miles per dollar spent on all purchases. Like the , it allows you to redeem rewards for credit against travel expenses at a rate of 1 cent per mile.
The annual fee on the is . The rewards offset the fee if you spend more than $4,750 annually. Once you spend more than $19,000 a year, your rewards exceed those on the Bank of America® card even after taking into account the annual fee. Reducing the sting of the fee even further, the also reimburses you for the application cost for TSA Precheck or Global Entry, and it offers a substantially higher sign-up bonus: .
The has a lot in common with the : an unlimited 1.5 miles per dollar spent, a annual fee and no foreign transaction fees. But a key difference is that the gives you the same value per point whether you redeem for travel or cash back. The has an edge over this card with its opportunities for bonus rewards and Visa's wider acceptance abroad, but the is worth considering if you want better cash-back value.
The offers premium perks without the premium cost. Cardholders get 3 points per $1 spent on travel purchases (4 points for those enrolled in the PenFed Honors Advantage program) and 1.5 points per $1 spent everywhere else. On top of rewards, the card offers a $100 annual air travel credit and up to $100 in the form of a statement credit for Global Entry and TSA PreCheck programs every five years.
This card comes with a $95 annual fee, but it's waived for members. Even without qualifying for PenFed Honors Advantage, you can effectively cancel out the annual fee as long as you can take advantage of the full $100 air travel credit. You’ll need to be a credit union member to qualify for this card.
If you'd like to see how these cards compare with other potential travel card options, you can search NerdWallet's list of .
The offers a solid travel rewards program for the fee-averse. If your deposits reside at Bank of America®, you can gain even more rewards.
on Bank of America's website
Frequently asked questions
The is a good choice for someone looking for simple rewards with a annual fee. Cards with annual fees, however, typically offer more robust rewards and perks and may be a better fit for heavy travelers. With this card, you earn 1.5 points per $1 spent. (Bank of America® customers earn 25%-75% more points.) Points can be redeemed for credit against any travel purchase.
Use your to book travel however you want, and then redeem points for credit on your statement against those travel purchases. You can use points to cover expenses like flights, hotels, vacation packages, cruises, rental cars, baggage fees and more.
Points are worth 1 cent each when redeemed for a travel statement credit.
Points don’t expire as long as your card account is open, but you will forfeit unused points if you close your account. While points don't expire, the travel and dining purchases you can redeem them for do have a time limit. You can redeem points for a statement credit toward travel or dining purchases made within 12 months prior to the date of redemption. And, redemptions are limited to the most recent 2,500 qualifying travel and dining purchases.
The more often you travel, especially if you travel internationally, the more value you can get out of a travel rewards credit card. However, if you don’t travel often, you may benefit from a instead.