Bank of America
Bank of America Travel Rewards Credit Card
Key Features
| Annual Fee | $0.00 |
| Sign-up Bonus | 25,000 bonus points |
| Rewards Rate | 1.5x points on all purchases |
| Intro APR | 0% Intro APR for your first 15 billing cycles for purchases, and for any balance transfers made within the first 60 days of opening your account. After the intro APR offer ends, a Variable APR that's currently 17.49% to 27.49% will apply. 3% Intro balance transfer fee for the first 60 days your account is open. After the intro balance transfer fee offer ends, the fee for all future balance transfers is 5%. |
| Regular APR | Standard APR 17.49% - 27.49% variable |
| Other Fees | 3% of each transaction intro balance transfer fee for the first 60 days your account is open. After the intro balance transfer fee offer ends, the fee for all future balance transfers is 5%. |
About this card
The Bank of America Travel Rewards Credit Card earns a solid 'Good' rating of 3.7 out of 5.0. This card is a highly compelling option, particularly for its target audience: beginners to travel rewards, existing Bank of America customers, and individuals seeking a straightforward, no-fee card for international use.Its primary strengths lie in its exceptional fee structure, boasting a $0 annual fee and no foreign transaction fees, which is a significant advantage for any travel card. The reputation analysis confirms this as a key selling point, widely praised across financial publications and user forums. The card also offers a valuable 0% introductory APR for 15 billing cycles on purchases and balance transfers, providing considerable flexibility. The rewards program, while a flat 1.5 points per dollar, is simple, easy to manage, and made highly flexible by redemption as statement credits for any travel or dining purchases. Crucially, its value proposition is significantly enhanced for Bank of America Preferred Rewards members, who can boost their earning rate by 25% to 75%.However, the card's main drawback is its regular variable APR, which ranges from 17.49% to a high 27.49% after the introductory period. This makes it less ideal for cardholders who frequently carry a balance. Additionally, the balance transfer fee becomes a higher 5% after the initial 60 days. While the base rewards rate of 1.5% is good for a no-annual-fee card, it is not industry-leading without the Preferred Rewards bonus.Despite the higher regular APR, the combination of no annual fee, no foreign transaction fees, a generous sign-up bonus, and strong introductory offers for both APR and balance transfers positions this card as a very strong contender in the no-annual-fee travel rewards segment. Its strong reputation and excellent fit for its intended users further bolster its appeal, making it a reliable and valuable choice for those who prioritize simplicity and cost-effectiveness in their travel rewards card.
Pros & Cons
What's great
- No annual fee
- Introductory APR period for purchases and balance transfers
- Generous sign-up bonus
- No foreign transaction fees
- Flat rate rewards on all purchases
- Flexible redemption options for travel and dining
Things to consider
- High regular APR
- High balance transfer fee after introductory period
What this card offers
Sign-up bonuses
- 25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening – which can be redeemed for a $250 statement credit toward travel and dining purchases
Rewards
- Earn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time.
Other features
- No annual fee and no foreign transaction fees
- No blackout dates or restrictions and points do not expire as long as your account remains open.
- Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
- Flexibility to redeem points for a statement credit to pay for travel and dining purchases, such as flights, hotel stays, vacation rentals, baggage fees, and also at restaurants – including takeout.
- We block potential fraud if abnormal patterns are detected and let you know if we suspect fraudulent activity. Plus, you always get a $0 Liability Guarantee for fraudulent transactions.
- Balance Connect for overdraft protection: An optional service to help prevent declined purchases, returned checks or other overdrafts when you link your eligible Bank of America checking account to your credit card. No transfer fees. Other fees may apply.
- Paperless Statement Option
- Digital Wallet Technology: add your Bank of America credit card to your mobile device then shop in-store or in-app using Apple Pay, Google Pay or Samsung Pay.
- Online & Mobile Banking: Pay your credit card bill online, transfer funds, check available credit and more.
- Account Alerts: Choose from several types of customer email or text alerts to know when payments are due and paid.
- Credit card rewards bonus: When you join BofA Rewards, you can earn bonus rewards on the purchase you already make using eligible Bank of America credit cards.
Additional Notes
This offer may not be available elsewhere if you leave this page. You can take advantage of this offer when you apply now. Note: minimum payments are applied to lower-interest balances first. Additional payments are applied to higher-interest balances first.