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Apply online for Bank of America® Travel Rewards credit card

Bank of America® Travel Rewards credit card Review

Excellent/Good

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What Bank of America says about this card

Apply online for Bank of America® Travel Rewards credit 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
  • 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 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. After the intro APR ends, 17.24% - 25.24% Variable APR will apply
  • If you're a Preferred Rewards member, you can earn 25% - 75% more points on every purchase

By Curtis Arnold Editor-in-chief  Updated Aug 16, 2019

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 25,000 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 $250 bonus in statement credit for travel, which is a pretty attractive welcome offer for a no-annual-fee card.

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, 17.24% - 25.24% 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, points 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 Preferred Rewards client you can earn 25%-75% more on each purchase depending on your Preferred Rewards tier (tiers are based on three-month average balances across qualifying accounts).

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 Bank of America has been regularly recognized for its fraud protection, detection and resolution.

With that in mind, the Bank of America® Travel Rewards credit card has all the bells and whistles you’d expect 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 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 $250 in statement credit for 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 the 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 Arrival Plus® World Elite Mastercard® (This card is not currently available on CardRatings) charges an $89 (waived first year) annual fee, so credit card users who spend lightly or moderately may not be able to offset the annual cost of this card with rewards points (See Rates and Fees). However, if you are a big spender, the Barclaycard Arrival Plus® World Elite Mastercard® may be one to consider. The rewards rate is .5x higher than the Bank of America card, and the intro offer is $450 greater (70,000 miles after spending $5,000 on purchases in the first 90 days).

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

Capital One® Venture® Rewards Credit Card awards cardholders with two times miles for every purchase (and 10 times the miles for every $1 spent when you use your card to pay for a booking via Hotels.com/Venture), and the intro offer is worth $250 more 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 $95 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 welcome bonus for Chase Sapphire Preferred® Card allows new cardholders to earn 60,000 bonus points, a $750 value when redeemed for travel through Chase Ultimate Rewards®. 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 America customer, this card is especially beneficial because your rewards points are accelerated.

Top Features

Rewards Bonus Rewards Annual Fee
1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases $0

CardRatings Editor's Analysis: Pros & Cons

  • An intro offer rewards cardholders with a $250 value (25,000 online bonus points) after spending $1,000 within the first 90 days of account opening
  • Enhanced rewards for Bank of America customers, including up to a 75 percent bonus on your rewards (details in review).
  • 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.

Bank of America® Travel Rewards credit card compared to other travel rewards cards

Card Name
Rewards
Bonus Rewards
Annual Fee
Ratings/Apply
1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
$0
Chase Sapphire Preferred® Card
Apply online for Chase Sapphire Preferred® Card
2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
$95
2 Miles per dollar on every purchase, every day.
50,000 Miles once you spend $3,000 on purchases within 3 months from account opening
$0 intro for first year; $95 after that
American Express® Gold Card
Apply online for American Express® Gold Card
Earn 4X Membership Rewards® points when you dine at restaurants worldwide. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X). Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
Earn 35,000 Membership Rewards® Points after you spend $2,000 on eligible purchases with your new Card within the first 3 months.
$250
Apply Now
Terms and Limitations Apply
Bank of America® Premium Rewards® credit card
Apply online for Bank of America® Premium Rewards® credit card
2 points for every $1 spent on travel and dining purchases. 1.5 points per $1 spent on all other purchases.
50,000 bonus points after you make at least $3,000 in purchases in the first 90 days of account opening.
$95

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