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Apply online for Bank of America® Travel Rewards Credit Card
About Our Ratings
Credit Needed
Excellent/Good

Bank of America® Travel Rewards Credit Card Review

Pros & Cons

  • Online-exclusive intro offer rewards cardholders with a $200 value (20,000 bonus points) after spending $1,000 within the first 90 days of account opening
  • Enhanced rewards for Bank of America and Merrill Lynch customers
  • A simple rewards earning structure means rewards can accumulate quickly without requiring a lot of planning on your part.
  • The rewards and intro offer are decent for low to average credit card spenders, but if you're a heavy credit card user, you can likely find another travel rewards card with more substantial rewards.

Top Features

Points or Miles
1.5 pts/$1
Bonus Points or Miles
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
Purchase APR
15.99% - 23.99% Variable APR on purchases
Annual Fee
$0.00

Full Review

Curtis Arnold Editor-in-chief

Bank of America® Travel Rewards Credit Card Essentials  

If you like the simplicity of flat rewards rates for every dollar you spend, with no restrictions attached, Bank of America® Travel Rewards Credit Card is a great card to consider. Think of it this way: Each time you swipe your card your money is going toward your next trip.

This Bank of America® Travel Rewards Credit Card offers cardholders 20,000 bonus points after spending $1,000 on purchase within the first 90 days of account opening. Since 100 points equal $1 in travel credit, that's equal to a $200 bonus in travel, which is a pretty attractive teaser just for signing up.

Here’s a glimpse into notable components of the Bank of America® Travel Rewards Credit Card:

  • Unlimited 1.5x points on every purchase
  • No annual fee - ever
  • Special 0 percent introductory rate on purchases for 12 billing cycles (then, 15.99% - 23.99% Variable APR on purchases)
  • No blackout dates or restrictions when booking your trip
  • Your reward points never expire
  • Flexibility to redeem your points for a statement credit, to pay for flights, hotels, vacation packages, cruises, rental cars or baggage fees!

Unlike some travel cards, miles aren’t the only reward this card offers. Points can be redeemed for statement credits to help cover most travel expenses such as, hotel accommodations, vacation packages, auto rentals, baggage fees, and more.

The Bank of America® Travel Rewards Credit Card offers additional, innovative ways to earn rewards, too. If you’re a Bank of America or Merrill Lynch banking customer you can get an additional 10% customer bonus just by having a qualifying BofA checking or savings account.  If you’re a Preferred Rewards client those rewards rates increase further -- 25%-75% depending on the type of account you have.

Bank of America® Travel Rewards Credit Card cardholders also have access to many of perks traditional Bank of America customers receive: Shop safe®, overdraft protection, access to Bank of America financial centers and ATMS to name a few.

What Our Editors Like Most

You'll be pleased to know that for the ninth year straight, Bank of America has been recognized for its fraud protection, detection and resolution with a Best Overall Identity, Safety in Banking Award from Javelin Strategy and Research.

With that in mind, the Bank of America® Travel Rewards Credit Card has all the bells and whistles you’d except to find in a travel card.  The rewards rates are competitive, and redeeming points for travel is a breeze. There are no blackout dates or restrictions when it comes to using your card for travel, which adds an extra layer of accessibility.  Points can be redeemed for statement credits which can then be applied for travel purchases which means you’re free to make any travel purchase you want.

As you’d hope, the Bank of America® Travel Rewards Credit Card does not charge foreign transaction fees. If your travels take you abroad often finding a credit card that eliminates foreign transaction fee, which average around 3% is necessary – those inconspicuous charges can add up quickly.

The ability to earn additional rewards as a Bank of America or Merrill Lynch customer is an intelligent way for issuers to look at how cardholders can redeem points.  Because cardholders can add their rewards points into an eligible savings account, technically rewards points can earn interest. The entire concept promotes strategic credit card use, which is always a win in our book.

Potential Downsides

This card is great for low to average credit card spending but, if you’re a big spender, you might consider shopping around. The rewards rate on the Bank of America® Travel Rewards Credit Card is only average compared to other cards on the market.

The into rewards offer, which equals $200 in travel purchases, is easy to obtain, but is a lackluster incentive compared to other cards in this category. While the intro offer isn’t the best way to pick a card, sometimes it can mean choosing one card over another comparable card.

How Bank of America® Travel Rewards Credit Card Compares to Other Travel Cards

Bank of America® Travel Rewards Credit Card vs. Barclaycard Arrival Plus™ World Elite MasterCard®.  The Barclaycard charges an $89 annual fee (which is waived the first year) so, credit card users who spend lightly or moderately may not be able to offset the annual cost of this card with rewards points. However, if you are a big spender, the Barclaycard Arrival Plus™ World Elite MasterCard® may be one to consider. The Barclaycard rewards rate is .5x higher than the Bankof America card, and the intro offer is $300 greater.

Bank of America® Travel Rewards Credit Card vs. Capital One® Venture® Rewards Credit Card®

Capital One® Venture® Rewards Credit Card awards cardholders with 2x points for every purchase, and the intro offer is $200 greater than with the Bank of America® Travel Rewards Credit Card. But the Capital One® Venture® Rewards Credit Card is definitely geared toward cardholders who use their card often. There is a $59 annual fee attached to the Capital One® Venture® Rewards Credit Card (after the intro $0 annual fee for the first year). So if you’re a casual credit card user, the Bank of America® Travel Rewards Credit Card may be a more logical pick.

Bank of America® Travel Rewards Credit Card vs. Chase Sapphire Preferred® Card®.

Chase cardholders can earn 2x points on travel and dining at restaurants and 1 point per $1 spent on all other purchases worldwide.) Chase’s rewards program is more complex, and in turn, more lucrative. The signup bonus for Chase Sapphire Preferred® Card allows new cardholders to earn 50,000 bonus points, or a $625 value for travel. Unless you’re Preferred Rewards status with the Bank of America card, it would be difficult to earn the same rewards rate as a Chase Sapphire Preferred® Card cardholder. 

Who Should get This Card?

If you’re not a heavy credit card user, and incurring an annual fee doesn’t make sense, the Bank of America® Travel Rewards Credit Card is a great “light-version” of a travel rewards card. The rewards are straightforward, and easy to redeem.   

If you are a Bank of American or Merrill Lynch customer, this card is especially beneficial because your rewards points are accelerated.

This page was last updated on August 02, 2017

This card compared to other travel rewards cards

Points or Miles
1.5 pts/$1
1.5 Miles per dollar on all purchases
2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
Bonus Points or Miles
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
We'll match all the miles new cardmembers have earned at the end of their first year. No purchase caps or minimums. No signing up. And no limit. Only for new cardmembers.
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards(R)
Purchase APR
15.99% - 23.99% Variable APR on purchases
11.99% - 23.99% Variable 
16.99% - 23.99% Variable 
Annual Fee
$0.00
$0
$0 Intro for the First Year. Then $95
Rates and Fees
CardRatings.com Editorial Staff

Bank of America® Travel Rewards Credit Card details

Purchase APR
15.99% - 23.99% Variable APR on purchases
Purchase Intro
APR:
0% Introductory APR on purchases
Period:
12 billing cycles
Balance Transfer Intro APR
N/A
Balance Transfer Intro Period
N/A
Annual Fee
$0.00

What Bank of America says about this card

  • 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%

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Special offers
Currently available on the Bank of America® Travel Rewards Credit Card
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

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  • 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.
  • Unlimited 1.5x Miles per dollar on all purchases, every day, with no annual fee.
  • No Blackout Dates - fly any airline, stay at any hotel.
  • Redeem your Miles as a statement credit towards travel purchases.
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Credit Needed:
Excellent, Good
Apply online for Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Credit Needed:
Excellent/Good