The Bank of America Travel Rewards credit card offers several benefits for travelers and those looking to earn rewards on their everyday spending:
Key Features
- Rewards Rate: Earn unlimited 1.5 points per $1 spent on all purchases
- Sign-up Bonus: 25,000 online bonus points after spending $1,000 in the first 90 days (equivalent to a $250 statement credit toward travel purchases)4
- Annual Fee: $0
- Foreign Transaction Fees: None
Redemption Options
- Redeem points for statement credits to cover travel-related purchases
- Flexible definition of “travel,” including amusement parks, art galleries, circuses, aquariums, and zoos1
- Points are worth 1 cent each when redeemed for travel
Additional Benefits
- 0% Intro APR for 15 billing cycles on purchases
- Ability to book travel through any method, with no blackout dates or restrictions
- 3 points per $1 spent on travel booked through the Bank of America Travel Center
Preferred Rewards Program
Bank of America Preferred Rewards members can boost their earnings significantly:
- Gold tier (25% bonus): 1.875 points per $1 spent
- Platinum tier (50% bonus): 2.25 points per $1 spent
- Platinum Honors, Diamond, or Diamond Honors tier (75% bonus): 2.625 points per $1 spent
This card is particularly valuable for those who already bank with Bank of America and can qualify for the Preferred Rewards program, as it can significantly increase the earning potential on all purchases.