General description of the Bank of America Travel Rewards credit card
The non -annual rate Bank of America® Travel Rewards credit card It has the potential to be a solid flat rate card if you are a member of the Bank of America Prefered Rewards®. However, without the favorite rewards that earn the bonus, the card falls short compared to other flat rate cards in the market. Card qualification*: ⭐⭐⭐
*Card rating It is based on the opinion of the TPG editors and is not influenced by the card issuer.
For beginners, points and miles may seem discouraging. For some new people to gain credit card rewards, the idea of transferring points and trying to find the best refunds can be exciting but also stressful, if you are, you are not alone.
Many beginners give up in the use of credit card rewards to pay the trip because it seems too complicated.
That’s where an option like the Bank of America’s travel rewards card come into play. It has no annual rate, and we recommend that applicants have a Credit score 670 or more to increase your approval possibilities.
POINTS AND MILES will probably not be moved by the advantages and refund options presented on this card, but the simplicity of its income rate and redemption process provides a good starting point for beginners.
Let’s get involved in the card details so you can decide if it is suitable for you.
Bank of America rewards and cons.
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Bank of America Travel Rewards Welcome Offer
New Bank of America’s travel rewards Card holders can earn 25,000 bonus points online after spending $ 1,000 in the first 90 days of account opening.
These points can be exchanged at a flat rate of 1 penny per point to travel or purchases of meals, so this bond is worth $ 250, a solid but significantly less valuable offer than what you will find in others Travel cards.
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It is not a striking bonus, but it is easy to win from the Minimum expenditure requirement It is easily attainable. And since the card does not have an annual rate, it is essentially earning rewards in the purchases that it would normally make at any cost in advance. This is the standard welcome bonus on the Bank of America’s travel rewards card.
When it comes to eligibility, the Bank of America’s travel rewards card has a 24 -month restriction, although the details vary from one card to another. The writing of the travel rewards card establishes:
“It is possible that this card is not available for you if you currently have or have had the card in the previous period of 24 months.”
This means that you can get a second travel rewards card if I had one previously; You should only be sure that at least 24 months have passed since it closed your previous travel rewards card.
Related: The final guide for credit card application restrictions
Bank of America Travel Rewards Benefits
The real benefit of Bank of America’s travel rewards It is its simplicity. There are no categories of bonus, profits or transfer partners. For beginners, that can be an excellent way to start a trip of points and miles.
As card holder, you will enjoy There are no foreign transaction rates When you slide the card outside the US. Many non -annual rates cards have foreign transaction rates, so this is a great benefit.
As expected with an annual rate card, luxury advantages will not get. However, since it is a visa firm card, it will still have access to certain protections and travel benefits, including zero fraud and road assistance.
Once again, this is not an extensive list of benefits, but those obtained are decent for an annual rate card. See your travel rewards guide for benefits for a complete list of each benefit you will receive through the visa signature brand of this card.
Related: Get free rewards with these non -annual credit card strategies
Win points in Bank of America’s travel rewards
He Bank of America’s travel rewards card It has a simple gain structure, but there is more than it seems.
To start, it will earn 3 points per dollar spent on reserved trip purchases through the Bank of America Travel Center. It will also earn 1.5 points per dollar spent on each purchase. There is no annual limit in rewards won, and their points will not expire while their account is open.
This is a rather standard income rate for a Non annual rate cardAlthough you can find cards with More competitive reward structures. However, the rewards structure becomes much more valuable if it qualifies for the Bank of America Preferred Rewards.
To register in the favorite rewards, you will need an eligible personal current account of the Bank of America and an average daily balance of three months of at least $ 20,000 in its Bank of America and Merrill accounts.
There are four preferred rewards levels, and each one comes with a gain bonus on the travel rewards card.
| Preferred rewards level | Combined balances are required in all accounts | Profit bonus | Minimal gain rate |
|---|---|---|---|
| Standard | N / A | N / A | 1.5 points per dollar spent |
| Gold | $ 20,000 | 25% | 1,875 points per dollar spent |
| Platinum | $ 50,000 | 50% | 2.25 points per dollar spent |
| Platinum honors | $ 100,000 | 75% | 2,625 points per dollar spent |
| Diamond | $ 1,000,000 to <$ 10,000,000 | 75% | 2,625 points per dollar spent |
As you can see, those with platinum honors and diamonds can earn at least 2,625 points per dollar spent on each purchase, which is an impressive return for daily purchases.
In addition, you will receive a bonus of interest from the savings account, discount bank and investment rates and discount rates on loans and mortgages.
That said, the income rate of 1.5 points per dollar is mediocre if he is not a preferential rewards member. Even gold level members can probably do better with another rewards card.
Related: Everything you should know about the Bank of America’s favorite rewards program
Redeemer points in the travel rewards of the Bank of America
Bank of America points act more as cash rewards since each point is worth 1. You can exchange points as a declaration credit for travel or gastronomy purchases (from a minimum of 2,500 points).
When you make a purchase, simply log in to your account and select any qualified transaction from the previous 12 months.
Although travel enthusiasts can see this as a disadvantage, For beginners I could rejoice it in this non -stress process.
You do not have to think about maximizing reimbursements or discovering the best transfer partner to reserve your trip, which can be a headache for someone who looks for a simple and luxurious way to win and use their points.
You can also use your points for a cash reward: a check or tank in a qualified Bank of America account. However, it will obtain a value of only 0.6 cents per point in this way (2,500 points = $ 15), so it is much better to use them for travel or meals purchases.
Finally, you can exchange your points for gift cardsalthough the exact value varies according to the merchant.
Related: The best credit cards in Bank of America
What cards do you compete with the Bank of America’s travel rewards?
One of these may be better if you want more advantages or a different gains structure than the Bank of America’s travel rewards card Offers
- If you want more advantages: He Bank of America® Premium Rewards® Credit Card It is an average level travel card with an annual rate of $ 95. Win the same base rate of 1.5 points per dollar as the travel rewards card, but will also earn 2 points per dollar in travel and meals purchases and get more travel benefits. To learn more, see our Complete Review of the Bank of America Premium Rewards.
- If you want more flexible rewards: He Capital One Ventureone Rewards CED Credit Win 1.25 miles per dollar spent on daily purchases and 5 miles per dollar in hotels and car rentals reserved through Capital One Travel. However, the card shines when giving access to the issuer More than 15 transfer partnersincluding British Airways, Turkish Airlines and Wyndham. To learn more, see our Complete review of the capital rewards One Ventureone.
- If you want an even more reimbursement in cash: He CHASE FREEDOM UNLIMITED® (see rates and rates) It is another great annual rate card option. It offers 5% cash reimbursement on reserved trips through Chase Travel℠, 3% return in restaurants and pharmacies, 2% cash return on Lyft trips until September 30, 2027 and 1.5% return in all other purchases. To learn more, see our Freedom Unlimited Complete Review.
To obtain additional options, see our complete list of the The best cash credit cards.
Is it worth the trip of Bank of America?
If you are looking for simplicity in the winning and redeeming points, the non -annual rate Bank of America’s travel rewards card It could be a good option, especially if it is a preferred rewards client of the Bank of America. However, it is likely that more experienced points and thousands of travelers would like a card with higher earnings and more reimbursement options.
End
The Bank of America Travel Rewards offers a simple gain rate and reimbursement options that many beginners will appreciate. However, frequent travelers who want better income rates and the flexibility of transfer partners should consider other options.
Apply here: Bank of America’s travel rewards card
Related: 5 reasons why I love Chase Freedom Unlimited as a credit card beginner
