Bank of America Travel Rewards credit card Review | CompareCredit

Bank of America® Travel Rewards credit card Review

By Thomas Donaldson, November 20, 2020

This card takes the headache out of travel rewards with unlimited 1.5 points per $1 spent on all purchases and flexible redemption options. There is a big sign up bonus, and unlike most travel credit cards, you pay no annual fee.

best of the best

Bank of America® Travel Rewards credit card

(126 reviews)

CURRENT OFFER
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening
  • 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening
  • Earn unlimited 1.5 points per $1 spent on all purchases
  • Redeem points for a statement credit to pay for flights on any airline
  • $0
  • Excellent, Good
Product Details
  • Click "APPLY NOW" to apply online
  • 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 car and vacation rentals, hotels, flights or baggage fees, even campgrounds and tourist attractions
  • 0% Introductory APR for 12 billing cycles for purchases. After the intro APR ends, 14.99% - 22.99% Variable APR will apply
  • If you're a Preferred Rewards member, you can earn 25% - 75% more points on every purchase
  • Contactless Cards - The security of a chip card, with the convenience of a tap

Our Expert Review

Why We Like It


Offer Rating

5/ 5

By Our Editorial Team

Key Benefit

A big travel sign up bonus and a generous rewards rate, all with no annual fee

Editor

For anyone looking for a travel rewards credit card but doesn't want to pay an annual fee, the Bank of America® Travel Rewards credit card could be the perfect fit. With this card you earn unlimited 1.5 points per $1 spent on all purchases. That's a generous rewards rate for a travel card with no annual fee. Whether you're spending on groceries, dining, or just paying monthly bills, every dollar you spend with this card earns the same great rewards rate and gets you that closer to your next vacation.

The Bank of America® Travel Rewards credit card also comes with a top-tier sign up bonus for new cardmembers. You earn 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. Unlike other travel credit cards where you're stuck redeeming points with one airline or hotel, the Bank of America® Travel Rewards credit card allows you to redeem points for a statement credit to pay for flights, hotels, vacation packages, cruises, and more!

As you'd hope to find with any travel credit card, the Bank of America® Travel Rewards credit card comes with no foreign transaction fees which can really come in handy if you're traveling abroad. In addition to all the lucrative travel rewards, this card also comes with 0% Introductory APR on purchases for 12 billing cycles. After the intro period, the ongoing interest rate is 14.99% - 22.99% Variable APR on purchases and balance transfers.

Pros & Cons

Pros

  • Among no annual fee travel cards, this one has one of the largest sign up bonuses
  • Earn the same generous rewards rate of unlimited 1.5 points per $1 spent on all purchases
  • No foreign transaction fees and flexible redemption options

Cons

  • There's no intro APR on balance transfers
  • You will need Excellent/Good credit to qualify for this card

pros explained

  • Among no annual fee travel cards, this one has one of the largest sign up bonuses: With 25,000 online bonus points, this bonus on card is roughly 25% larger than similar travel credit cards with no annual fee.
  • Earn the same generous rewards rate of unlimited 1.5 points per $1 spent on all purchases: Many travel credit cards only offer 1x points outside of purchases with a specific airline or hotel, but this card will help you earn points much faster.
  • No foreign transaction fees and flexible redemption options: You won't have to worry about getting hit with extra fees when using this card overseas, and you can redeem points for purchases with any airline or hotel.

cons explained

  • There's no intro APR on balance transfers: If you want to transfer a balance from an existing credit card, you'll pay the standard interest rate right from the start with this card.
  • You will need Excellent/Good credit to qualify for this card: You may get denied if you are new to credit or have a Fair/Poor credit history.

Customers Also Viewed

(5,539 reviews)

Citi® Diamond Preferred® Card

(573 reviews)

Bank of America® Cash Rewards credit card

(3,342 reviews)

Citi® Double Cash Card – 18 month BT offer

(829 reviews)

Capital One VentureOne Rewards Credit Card