Bank of America Travel Rewards – How To Apply
The Bank of America Travel Rewards Credit Card lets you earn travel points on everyday purchases.
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With no annual fee and a straightforward earning structure, it appeals to those who want to earn rewards without the complexity of rotating categories or spending restrictions.
Whether you’re a frequent traveler or just looking to make the most of your spending, this card offers a range of benefits that can help you save on travel expenses.
In this article, we’ll explore what makes the Bank of America Travel Rewards credit card a top choice for earning travel rewards effortlessly.
Bank of America Travel Rewards
No Annual Fee Redemption RestrictionsHow does Bank of America Travel Rewards Credit Card work?
The Bank of America Travel Rewards Credit Card lets you earn 1.5 points per dollar on every purchase, with no annual or foreign transaction fees.
Points can be redeemed for travel expenses like flights and hotels through the Bank of America Travel Rewards Credit Card or as statement credits.
New cardholders can earn 25,000 points (worth $250 in travel credit) by spending $1,000 in the first 90 days.
If you’re a Bank of America Travel Rewards Credit Card customer, you can also earn additional rewards through the Preferred Rewards Program. It’s a simple, no-fee credit card perfect for earning travel rewards on everyday purchases.
Main benefits of Bank of America Travel Rewards Credit Card
The main benefits of the Bank of America Travel Rewards Credit Card include:
- Unlimited 1.5 Points per Dollar: Earn 1.5 points on every purchase, with no rotating categories or limits, making it easy to accumulate rewards on all spending.
- No Annual Fee: Enjoy the benefits of earning travel rewards without having to pay an annual fee.
- No Foreign Transaction Fees: Perfect for international travelers, as you won’t incur extra charges when making purchases abroad.
- Welcome Bonus: Earn 25,000 bonus points (worth $250 in travel credit) by spending $1,000 in the first 90 days.
- Flexible Redemption: Use points to cover travel-related expenses like flights, hotels, or vacation packages, with no blackout dates or restrictions.
- Additional Rewards for Bank of America Customers: If you’re enrolled in the Preferred Rewards Program, you can earn even more points on your purchases.
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Cons of Bank of America Travel Rewards Credit Card
While the Bank of America Travel Rewards Credit Card offers great benefits, there are a few drawbacks to consider:
- Limited Bonus Categories: Unlike some other travel cards, this card doesn’t offer higher rewards on specific spending categories like dining or travel.
- Redemption Restrictions: Points can only be redeemed for travel expenses through the Bank of America Travel Center or as statement credits, which limits flexibility compared to other cards that allow more varied redemption options.
- Lower Earning Rate: While 1.5 points per dollar is competitive, some cards offer higher rewards rates on specific categories (e.g., 2x or 3x points on travel or dining).
- Foreign Transaction Fees for Non-Bank of America Customers: While there are no foreign transaction fees for Bank of America account holders, customers without an account may face additional fees when using the card abroad.
APR and fees
The Bank of America Travel Rewards Credit Card has an APR for purchases ranging from 20.99% to 28.99% variable, depending on creditworthiness, and a cash advance APR of 29.99% variable.
There is no annual fee and no foreign transaction fees, making it a great choice for travelers. However, it charges a balance transfer fee of 3% or $10, and a cash advance fee of 3% or $10.
How to apply for the Bank of America Travel Rewards Credit Card
To apply for the Bank of America Travel Rewards Credit Card, follow these simple steps:
- Visit the Bank of America Website: Go to the Bank of America homepage and navigate to the credit card section. Find the Travel Rewards Credit Card.
- Check Eligibility: Review the eligibility requirements to ensure you meet the necessary criteria, such as having a good to excellent credit score.
- Fill Out the Application: Click on the “Apply Now” button. You’ll need to provide your personal information, including your name, address, Social Security number, income, and employment details.
- Submit Your Application: After filling out the required fields, review your application for accuracy and submit it.
- Wait for Approval: Bank of America will review your application, and you’ll typically receive a response within a few minutes. If approved, your card will be mailed to you.
- Activate Your Card: Once you receive your card, follow the instructions to activate it and start using it to earn travel rewards.
