The Bank of America® Travel Rewards Credit Card is a simple, affordable travel rewards card with a generous welcome offer and no foreign transaction fees. It’s suitable for travel rewards beginners and anyone who wants to avoid an annual fee, but if you want bigger benefits, consider other travel credit cards.
- Annual fee
$0
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welcome offer
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.
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Introductory APR
0% introductory APR for 15 billing cycles for purchases and 0% introductory APR for 15 billing cycles for any balance transfer made in the first 60 days
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Purchase APR
17.49% – 27.49% variable APR on purchases and balance transfers
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Reward Rate
- Earn unlimited 1.5 points for every $1 spent on everyday purchases
- No blackout dates or restrictions
- Points do not expire as long as your account remains open
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Benefits
- Flexibility to redeem points for a statement credit to pay for travel and dining purchases
- Your points do not expire, as long as the account remains open
- No blackout dates or booking restrictions
With the Bank of America Travel Rewards Credit Card, you can take advantage of two introductory APR offers. These offers allow you to pay off a debt or cover a large purchase without worrying about interest for a while. Please note that balance transfers incur fees.
Related: Avoid paying interest rates for up to 21 months with the best credit cards with 0% APR
Bank of America Preferred Rewards members can earn between 25% (Gold level) and 75% (Platinum Honors and Diamond Honors levels) more points on every eligible purchase. That means you could earn between 1.87 and 2.62 points on every purchase with your Bank of America Travel Rewards card instead of the 1.5x base rewards rate.
Bank of America Travel Rewards offers 1.5 points for every eligible purchase. If you’re a Bank of America Preferred Rewards member, you can boost your earnings by up to 75% at the Platinum Honors or Diamond Honors tier, which is equal to up to 2.62x the points on each eligible purchase.
New eligible cardholders can also earn a welcome bonus of 25,000 bonus points after spending at least $1,000 in the first 90 days of account opening.
Related: Enjoy enhanced credit card rewards for your first year with Best credit card sign up bonuses and welcome offers.
Bank of America Travel Rewards offers these redemption options with its rewards program:
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Statement credits for travel and meal purchases: Cash rewards can be redeemed as statement credits to offset eligible travel and dining expenses in the past 12 months, such as flights, hotel stays or restaurant bills. The minimum redemption is 2,500 points. Rewards redeemed this way are worth $0.01 (2,500 points = $25).
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Cash back: Cash rewards can be redeemed as a check or electronic deposit into an eligible Bank of America® checking or savings account, or as a credit into a qualified Cash Management Account® with Merrill. The minimum redemption is 2,500 points. Rewards redeemed this way are worth $0.006 (2,500 points = $15).
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Gift cards: You can redeem points for various types of gift cards with a varying redemption value, depending on the gift card. The minimum redemption is 3,125 points.
Keep in mind that your points are worth more when redeemed for statement credits for travel and dining purchases than for cash back.
Note that you don’t have to worry about blackout dates for using your points to book travel, as you simply pay with your card and then redeem the points as a statement credit toward the eligible purchase.
Bank of America Travel Rewards makes sense if you want a no-annual-fee credit card with flat-rate rewards. It doesn’t have many additional benefits, but it is affordable and easy to use. This makes it a good card if you’re just getting started with travel rewards and learning how they work.
However, there are better cards available if you want to earn more rewards in specific categories or take advantage of premium travel benefits, like airport lounge access.
Related: Best Rewards Credit Cards
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Generous welcome offer for new cardholders
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Simple reward rate
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Introductory APR Offers
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No annual fee
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No foreign transaction fees
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No transfer partners as a redemption option
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There are no bonus categories in the rewards rate
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No premium travel benefits, such as annual travel credits or airport lounge access
Bank of America Travel Rewards is a Visa credit card, so it is accepted at any merchant or retailer that accepts Visa worldwide. Plus, you don’t have to worry about foreign transaction fees with this card if you travel abroad.
Related: The best credit cards without fees for foreign transactions
You can make Bank of America credit card payments through your online account at BankofAmerica.com, through the Bank of America mobile app, or in person at approximately 3,700 financial centers or more than 15,000 ATMs.
To make a payment over the phone, call 1-800-236-6497.
If you wish to make a payment by mail, please use these addresses:
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Payments with consumer card (standard delivery): PO Box 15019 Wilmington, DE 19850-5019
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Payments by consumer card (next day delivery): Bank of America, Attn: Payment Processing DE5-023-03-02 900 Samoset Drive Newark, DE 19713
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Business card payments: Bank of America Business Card PO Box 15710 Wilmington, DE 19850-5710
You can contact Bank of America credit card customer service 24 hours a day, 7 days a week by calling 1-800-732-9194 or the number on the back of your card. The international line (fees may apply) is 1-302-738-5719.
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Reward Rate
- 5x points on travel purchased through Chase Travel℠
- 3x points on dining, select streaming services and online groceries
- 2x points on all other travel purchases
- 1x points on all other purchases
- $50 Annual Chase Travel Hotel Credit
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Benefits
- Complimentary DashPass with $0 shipping fees and lower service fees for one minute. one year when you activate before 12/31/27, plus a $10 promotion each month on non-restaurant orders
- Earn up to $50 in annual statement credits on hotel stays purchased through Chase Travel
- On each account anniversary, earn bonus points equal to 10% of your total purchases made in the previous year.
Why we like it: Chase Sapphire Preferred offers more redemption options than Bank of America Travel Rewards, giving you more flexibility with your points. This includes transferring points to travel partners or redeeming points for travel through Chase.
Read our full review of the Chase Sapphire Preferred
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Annual fee
$95
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welcome offer
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months of account opening, equivalent to $750 in travel
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Purchase APR
19.49% – 28.49% variables
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Reward Rate
- 5x more miles on hotels, vacation rentals, and rental cars booked through Capital One Travel
- 2x miles on all other purchases
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Benefits
- Receive a statement credit of up to $120 toward Global Entry or TSA Precheck® application fees
- Receive a $50 experience credit, room upgrades, and early check-in at eligible hotels
- Access Hertz’s Five Star membership level, which offers free upgrades, a wider selection of vehicles, and more
Why we like it: Capital One Venture Rewards beats Bank of America Travel Rewards with its higher earning rate, more flexible redemption options, and additional travel benefits. You can transfer your miles to more than 15 travel partners and receive up to $120 in credit for Global Entry or TSA PreCheck applications.
Read our full Capital One Venture Rewards review
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Reward Rate
- 10x more miles on hotels and rental cars booked through Capital One Travel
- 5x miles on flights and vacation rentals booked through Capital One Travel
- 2x miles on all other purchases
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Benefits
- $300 annual credit for travel bookings through Capital One Travel
- 10,000 annual bonus miles (worth $100 in travel expenses; starts on your first account anniversary)
- Enjoy access to over 1,300 lounges worldwide, including Capital One Lounges, Landing Lounges and participating Priority Pass Lounges, after registration.
Why we like it: Capital One Venture This card is much better suited for frequent travelers than the Bank of America Travel Rewards card and also offers a higher base rewards rate.
Read our full Capital One Venture X review
It depends on your travel and spending habits. A general travel rewards card makes sense if you want to earn points or miles on everyday purchases that you can redeem toward your next vacation. However, you might consider an airline credit card or a hotel credit card if you are loyal to a specific airline or hotel loyalty program.
You get the highest redemption value when you use your points to earn statement credits for dining or travel purchases. This could include redeeming points for flights, hotel stays, or dining at restaurants.
Bank of America Travel Rewards does not charge fees for foreign transactions.
Yes, you can redeem points on your Bank of America Travel Rewards credit card for cash back or gift cards. However, these redemption options offer less value compared to redeeming points for statement credits on travel and dining purchases.
Related: Best cash back credit cards