Bank of America® Travel Rewards Card Review

Bank of America® Travel Rewards Card Review: Unlocking the World of Travel with Simplicity and Flexibility

Are you an adventurous soul who craves exploring the world but feels limited by financial constraints? The Bank of America® Travel Rewards card might be your passport to unlocking a wealth of travel experiences without breaking the bank. This card offers a simple and flexible rewards structure, coupled with valuable benefits, making it a compelling option for frequent travelers seeking a no-annual-fee travel companion.

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Bank of America® Travel Rewards Credit card

You get 1.5 points for every dollar you spend on things. No yearly fee or extra charges when buying from other countries. The points don’t disappear.
Get 25,000 bonus points online if you spend $1,000 in the first 90 days – that’s like $250 for travel costs.
Use the card to plan your trip how you like, not just on certain websites or times.
Use points to pay for travel or food expenses, like flights, hotels, cars, and restaurant meals.
No interest on purchases and balance transfers for the first year, then it can be 18.24% – 28.24%.
If you’re in Preferred Rewards, you can earn 25%-75% more points. So instead of 1.5 points, it’s 1.87-2.62 points for every dollar.
The card is secure like a chip card, but you can tap to pay.
This deal is only online, not at Bank of America places. Get it by applying now.

Purchase APR

0% Intro APR for 15 billing cycles for purchases, then 18.24% – 28.24% Variable APR

Balance Transfer APR

0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days, then 18.24% – 28.24% Variable APR

Annual Fee

$0

Recommended Credit Score

Excellent/Good
670 – 850*

Cash Rewards

1.5x Points

Welcome Bonus

You can get 25,000 bonus points online if you spend $1,000 within the first 90 days after you open the account. These points can be turned into a $250 discount for your travel expenses.

Bank of America® Travel Rewards card

Unlocking the Rewards Vault:

The core of the Bank of America® Travel Rewards card lies in its earning potential. Every dollar you spend on the card translates into 1 point, regardless of the category. This straightforward approach eliminates the need to track rotating bonus categories, making it simpler to accumulate points for your next adventure.

Boosting Your Rewards:

While earning 1 point per dollar is a solid foundation, the Bank of America® Travel Rewards card offers opportunities to boost your rewards further. Here are some ways to maximize your earning potential:

Preferred Rewards Bonus: As a Bank of America or Merrill Edge banking customer, you can earn a 25% bonus on all your travel rewards points. This adds up significantly, allowing you to accumulate points faster for your desired travel experiences.
Bonus Points on Select Travel Purchases: Earn 2 points per dollar spent on gas and online travel purchases through Bank of America Travel Center. This targeted bonus incentivizes travel-related spending and accelerates your points accumulation.

Redeeming Your Rewards:

Once you’ve accumulated a treasure trove of points, it’s time to unlock the world of travel possibilities. Here’s how you can redeem your Bank of America® Travel Rewards points:

Travel Bookings: Use your points to book flights, hotels, car rentals, and cruises through the Bank of America Travel Center. Enjoy the flexibility of using your points on a wide range of travel options, tailoring your redemption to your specific desires.
Statement Credit: Redeem your points for statement credit towards your travel purchases. This provides a straightforward option to offset your travel expenses and maximize the value of your points.
Gift Cards: Choose from a wide range of gift cards for popular travel brands, including airlines, hotels, and travel retailers. This option offers flexibility and allows you to use your points on travel-related purchases beyond booking directly through the Bank of America Travel Center.

More Than Just Points:

The Bank of America® Travel Rewards card goes beyond offering simple rewards. Here are some additional benefits that enhance your travel experience:

No Annual Fee: Enjoy the freedom of travel without the burden of an annual fee, making this card a budget-friendly option for frequent travelers.
Global Acceptance: Use your card confidently worldwide at millions of locations accepting Visa cards. This eliminates the need for multiple travel cards and simplifies your travel finances.
Travel Insurance: Enjoy peace of mind with travel insurance benefits, including trip cancellation and interruption insurance, baggage delay insurance, and travel accident insurance. This provides valuable protection for your travel investment and ensures a worry-free journey.
Car Rental Insurance: Decline the rental car insurance offered by the car rental agency and use the complimentary car rental insurance provided by the Bank of America® Travel Rewards card. This can save you money on your car rental and provide additional peace of mind.

Is the Bank of America® Travel Rewards Card Right for You?

The Bank of America® Travel Rewards card is an excellent option for frequent travelers who:

Value simplicity and flexibility in their rewards program.
Seek a no-annual-fee card with valuable travel rewards.
Are Bank of America or Merrill Edge banking customers to maximize their points with the Preferred Rewards Bonus.
Appreciate travel insurance and car rental insurance benefits for peace of mind.

However, if you are:

Not a Bank of America or Merrill Edge banking customer.
Looking for a card with a higher rewards rate.
Not interested in travel insurance or car rental insurance benefits.

Other cards may offer a better fit for your needs and preferences.

The Final Verdict:

The Bank of America® Travel Rewards card is a straightforward and rewarding option for budget-conscious travelers. Its no-annual-fee structure, simple rewards program, and valuable travel benefits make it a compelling choice for frequent travelers who seek flexibility and simplicity in their travel companion. If you are a Bank of America or Merrill Edge customer, the additional bonus points through the Preferred Rewards program further enhance the value of this card.

So, pack your bags, buckle up, and explore the world with the Bank of America® Travel Rewards card, your key to unlocking a wealth of travel experiences without breaking the bank.