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Bank of America Travel Rewards Credit Card Review

The Bank of America® Travel Rewards credit card is a no-annual-fee card that earns an unlimited 1.5 points per dollar on every purchase. Points can be redeemed for travel rewards, including flights, hotels and vacation packages.

New cardholders who make at least $1,000 in purchases in the first 90 days of account opening can earn 25,000 bonus points, which can be redeemed as a statement credit toward travel purchases valued at $250. If you have a banking relationship with Bank of America and maintain a high enough balance average to be a Preferred Rewards member, you can earn 25% to 75% more points with each purchase depending on your tier.

The Bank of America® Travel Rewards credit card also offers a 0% introductory annual percentage rate for 15 billing cycles on purchases and balance transfers. After that, there is a 18.24% to 28.24% variable APR. Cardholders can take advantage of benefits, including free monthly FICO credit score access, account alerts for balances and due dates, and digital wallet technology.

  • Issuer NameBank of America
  • Credit NeededExcellent/Good
  • Annual Fee$0
  • Regular APR18.24% to 28.24% variable
  • Penalty APRup to 29.99% APR
  • Purchases Intro APR0% introductory annual percentage rate for 15 billing cycles on purchases and balance transfers
  • Balance Transfer FeeEither $10 or 3% of the amount of each transaction, whichever is greater.
  • Cash Advance FeeSee terms

  • Are looking for a card with a simple points-based rewards program.
  • Don’t want to pay an annual fee for a travel rewards card.
  • Want a 0% introductory annual percentage rate for 15 billing cycles on purchases and balance transfers.

The Bank of America® Travel Rewards credit card won’t cost you an annual fee, and it earns solid flat-rate rewards. You could take advantage of the 0% introductory annual percentage rate for 15 billing cycles on purchases and balance transfers offer to pay off a large purchase or transfer a balance to the card.

One way to optimize this card is to pair it with another rewards card that earns a higher bonus rate in your top spending categories. For example, you could get a card that rewards you three points per dollar or more on groceries and gas, and then any spending outside of those categories, you can use the Bank of America® Travel Rewards credit card and earn the 1.5 points per dollar rate, which is typically higher than the one-point base rate many tiered rewards cards have.

Editor’s Take

The Bank of America® Travel Rewards credit card can be a good card for fee-averse consumers who want a credit card with a straightforward rewards structure. The rewards you earn are flexible; you can redeem them with any hotel or airline and with no blackout dates. This card can be especially beneficial for Preferred Rewards members, who can earn 25% to 75% more points on each purchase. If you prioritize a card with more earning power in specific categories, then you’re better off shopping around.

Dawn PapandreaContributor

You can earn 25,000 bonus points, worth $250 in statement credit toward travel and dining purchases with the Bank of America® Travel Rewards credit card if you spend $1,000 in purchases in the first 90 days of account opening.

Earning rewards with the Bank of America® Travel Rewards credit card is simple. With no bonus categories, this card earns an unlimited 1.5 points per dollar on every purchase. You can maximize your rewards by earning 25,000 bonus points if you spend 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 have redemption flexibility as well. When you use your card to pay for travel or dining purchases, including flights, hotel stays, vacation rentals, baggage fees, restaurants or takeout, you can redeem rewards for a statement credit.

You’ll get the best redemption value when you redeem your points for a travel credit. One point is worth 1 cent, which means 2,500 points equal $25. Points redeemed for cash are worth just 0.6 cent, so that same 2,500 points translates to $15, and gift card redemption value varies.

U.S. News rates credit cards by analyzing factors including fees, interest rates and benefits, each weighed against their importance to determine an overall score for each credit card. Consumers can rely on these ratings to provide objective, accurate assessments of credit card choices.

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Sarah Goldberg
Sarah Goldberg

Sarah is a seasoned financial market expert with a decade of experience. She's known for her analytical skills, attention to detail, and ability to communicate complex financial concepts. She holds a Bachelor's degree in Finance, is a licensed financial advisor, and enjoys reading and traveling in her free time.

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