Bank of America
Bank of America® Travel Rewards Credit Card for Students
Key Features
| Annual Fee | $0.00 |
| Sign-up Bonus | 25,000 online bonus points |
| Rewards Rate | 1.5 points per $1 |
| 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 | 17.49% - 27.49% variable |
| Other Fees | Balance transfer fee: 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 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
- Limited rewards categories
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
Other features
- No foreign transaction fees
- You always get a $0 Liability Guarantee for fraudulent transactions.
- Balance Connect for overdraft protection. No transfer fees. Other fees may apply.
- Opt for paperless credit card statements and increase account security while reducing paper consumption.
- 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.
- 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.
- 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.
- 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
Additional Notes
Note: minimum payments are applied to lower-interest balances first. Additional payments are applied to higher-interest balances first.