Bank of America
Bank of America® Travel Rewards Credit Card for Students
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. |
| Regular APR | 17.74% - 27.74% 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 for Students earns an overall rating of 3.3, classifying it as a 'Good' card. This card presents a compelling package of benefits tailored for students, featuring an excellent fee structure (rated 4.2/5.0) and a very strong rewards program (rated 4.1/5.0). Its standout strengths include a $0 annual fee and no foreign transaction fees, which are exceptional perks for its target demographic, especially those planning to travel or study abroad. The generous sign-up bonus of 25,000 points (worth $250) for a reasonable spending requirement, coupled with a straightforward 1.5 points per dollar on all purchases, offers significant value. Additionally, the 0% Intro APR for 15 billing cycles on purchases and balance transfers provides a valuable interest-free period. The card also benefits from a strong reputation as a reliable and accessible student travel card due to its issuer, Bank of America, and positive reviews in financial publications. However, a major weakness is its very high regular APR, ranging from 17.74% to 27.74% variable (rated 1.5/5.0). This significantly diminishes the card's long-term value if balances are carried beyond the introductory period, as the high interest charges can quickly outweigh any rewards earned. While ideal for disciplined students who pay their balances in full each month, the high ongoing APR represents a considerable risk for those new to managing credit. In summary, this card is an excellent choice for financially responsible students seeking low-cost travel rewards and an initial interest-free period, but it becomes a much less attractive option if balances are frequently carried.
Pros & Cons
What's great
- No annual fee
- Intro APR period for purchases and balance transfers
- Generous sign-up bonus
- No foreign transaction fees
- Flexible travel and dining rewards
- Rewards points do not expire
Things to consider
- High regular APR
- High balance transfer fees
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 everyday purchases.
Other features
- 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 flights, hotels, vacation packages, cruises, rental cars or baggage fees, and also at restaurants—including takeout.
- Credit card rewards bonus: When you join BofA Rewards™, you can earn bonus rewards on the purchases you already make using eligible Bank of America® credit cards.
- Better Money Habits®
- Manage your Finances
- Schedule an appointment
- 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.
- 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
- Online & Mobile Banking
- Account Alerts
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.