Bank of America
Bank of America® Travel Rewards Credit Card for Students
Key Features
| Annual Fee | $0.00 |
| 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. |
| 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 4%. |
About this card
The Bank of America® Travel Rewards Credit Card for Students is a mixed bag, landing an overall rating of 2.8. Its strengths lie in the lack of annual and foreign transaction fees, making it a decent option for students who travel internationally. The intro APR offer and sign-up bonus add initial appeal. However, the high ongoing APR significantly diminishes its value if balances are carried. The rewards rate of 1.5% is only average, and substantial benefits require the Preferred Rewards program, which is not realistic for most students. While reputably sound and clearly targeted, its high APR and only moderate rewards keep it from achieving a higher rating. It's a fair starter card, but better options exist if students can qualify.
Pros & Cons
What's great
- No annual fee
- Generous sign-up bonus
- Intro APR period
- No foreign transaction fees
- Cashback on purchases
Things to consider
- High regular APR
- High balance transfer fee
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 and no expiration on points as long as your account remains open
- Bank of America Preferred Rewards® members earn 25%-75% more points on every purchase
- That means you could earn 1.87 to 2.62 points for every $1 you spend, everywhere, every time.
Other features
- Enjoy no annual fee and no foreign transaction fees on purchases while earning points to use for statement credit to pay for flights, hotels, vacation packages, cruises, rental cars or baggage fees, and also at restaurants – including takeout
- Easily manage your bank accounts and finances online with Online Banking and our award winning Mobile Banking app that help students stay in control of their finances and make payments
- Learning to handle your credit is a big responsibility. A little knowledge can go a long way with Better Money Habits® Opens in a new window
- Stay Protected 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. Learn more at the Security Center Opens in a new window
- 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 Opt for paperless credit card statements and increase account security while reducing paper consumption.
- Digital Wallet Technology Discover more ways to pay by adding 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 Access to our award-winning Online and Mobile Banking. Bank on the go from almost anywhere quickly and securely. Pay your credit card bill online, transfer funds, check available credit and more.
- Account Alerts Stay on top of your balances and due dates. Choose from several types of customer email or text alerts and let your phone tell you when payments are due and paid.
- No blackout dates or restrictions and points do not expire as long as your account remains open.
Additional Notes
This online only offer may not be available if you leave this page, if you visit a Bank of America financial center or call the bank. Note: minimum payments are applied to lower-interest balances first. Additional payments are applied to higher-interest balances first.