Credit Cards » Credit Card Reviews » Bank of America Travel Rewards: 2022 Review
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Bank of America Travel Rewards: 2022 Review

Should you consider Bank of America Travel Rewards? Use our unbiased review to learn all thel details, benefits,drawbacks , alternatives and more.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.
Author: Jack Wickens
Jack Wickens

Writer, Contributor

Experience

Jack is a personal finance writer who has been writing for more than a decade. His passion for educating consumers and helping everyday families earn more and live better. He is most knowledgeable with years of experience covering topics such as savings, budgeting, and responsible credit use and always happy to share his expertise with readers.

Review & Fact Check: Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Financial Expert, The Smart Investor CEO

Experience

Baruch Mann (Silvermann) is a financial expert and founder of The Smart Investor. Above all, he is passionate about teaching people how to manage their money and helping millions on their journey to a better financial future.

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In this Review..

Bank of America® Travel Rewards credit card is a straightforward rewards card that doesn’t shift spending categories for higher bonuses. It offers flexibility with its travel rewards and simplicity for those who don’t want to jump through hoops in order to earn or spend their rewards.

The card doesn't charge annual fee or foreign transaction fee, not common at all when talking about travel cards. You can earn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points, as well as 0% intro APR on 15 billing cycles for purchases. Then 16.24% – 26.24% variable APR on purchases and balance transfers APR and 3% or $10 (the greater) balance transfer fee.

In addition, you can earn 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases. The card is issued by Bank of America but it is a Visa card so it is widely accepted.  

Bank of America® Travel Rewards credit card

Bank of America® travel rewards

On BoFa’s Secure Website

Rewards Plan

Unlimited 1.5X points 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points

Sign up Bonus

25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases

0% Intro

15 billing cycles for purchases

PROS

CONS

APR

16.24% - 26.24% variable APR on purchases and balance transfers

Annual Fee

$0

Balance Transfer Fee

3% or $10 (the greater)

Credit Requirements

Good – Excellent

Benefits

Let’s take a look at the benefits of the BoFa Travel Rewards card and see if it’s the right one for your wallet or not.

You can get 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases

This is one of the larger sign-up bonuses cards in the market with a low threshold. 

Lastly, Bank of America Travel Rewards Credit Card has car rental insurance in excess of the company’s insurance policy. You can also add a PIN to your card for international travel to protect your card in case of theft.

Bank of America Travel Rewards Credit Card has no annual fee, so you won’t have to meet spending thresholds to pay off it off. You can start earning rewards as soon as you get the card.

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U.S. Bank Altitude® Go Visa Signature® Card

Rewards Plan:
Up to 4X points 4x points at restaurants, take-outs & deliveries, 2x points at supermarkets, gas stations & streaming servicesm and 1 point for 1 dollar on all other purchases
Welcome Bonus: 20,000 points 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening
citi double cash
Rewards Plan:
2% cashback 2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.
0% Intro: 18 months on balance transfers
chase freedom unlimited card
Rewards Plan:
1.5% – 5% 5% on travel purchased through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% cash back on all purchases
Welcome Bonus: Up to $300 additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year)- worth up to $300 cash back

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

If you are looking to save money on interest, the Bank of America Travel Rewards Credit Card offers a 0% introductory rate for 15 billing cycles for purchases (then 16.24% – 26.24% variable APR on purchases and balance transfers). 

This is great if you have a big purchase in mind and want to pay over time. Note that there are other cards that offer longer 0% introductory rates.  

Bank of America has a program for all of its credit cards in which cardholders can earn between 25%-75% more rewards with their cards. To qualify for this reward you need at least $20,000 combined with Bank of America or Merrill Lynch accounts

This could really juice your rewards if you are able to qualify for this program. Also, the Bank of America Travel Rewards card points do not expire.

With the Bank of America Travel Rewards Credit Card you can book your trip how and where you want. You do not have to use specific companies, deal with blackout dates or other restrictions. 

You can use the points for flights, hotels, vacations, packages, cruises, and rental cars. The card is a Visa credit card and customers are eligible for Visa Signature Benefits. This is a 24/7 concierge service that helps cardholders with booking travel and hotel upgrades. 

If you use your card Bank of America Travel Rewards Credit Card and book travel through the Bank of America Travel Center, you will earn 3 points per dollar spent.

Bank of America Travel Rewards Credit Card has no transaction fees while traveling in another country. Many other rewards cards and regular credit cards have fees when you make purchases outside of the United States.

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Drawbacks

Here are the most important cons you should consider before apply to the BoFa Travel Rewards card card:

Bank of America Travel Rewards Credit Card has a minimum for cardholders to redeem points.

You need points to use them for travel and 3,125 points to redeem for a gift card. With many other cards you can use rewards as soon as you earn them.  

There are other rewards cards in the market that offer higher rewards. If you are a big spender on travel and do not mind the annual fee, there are other cards that offer better rewards. 

The APR for the Bank of America Travel Rewards Credit Card is a 16.24% – 26.24% variable APR on purchases and balance transfers, which is high for a card that requires cardholders with good – excellent credit histories.

Bank of America Travel Rewards Credit Card does not have some of the same protections as other travel rewards cards, such as delayed or canceled flight insurance or protections on lost luggage. 

For example, the chase sapphire preferred rewards includes auto rental collision damage waiver, travel & emergency assistance services and 25% more through ultimate chase rewards.

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The Platinum Card® from American Express
Rewards Plan:
Up to 5x points 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus: 100,000 points 100,000 points when you spend $6,000 in the first six months

Rewards Plan:
Up to 10X points 5X total points on air travel and 10X total points on hotels, car rentals when you purchase through Chase Ultimate Rewards®, immediately after earning your $300 annual travel credit. Also, earn 3x points on dining at restaurants and travel (after meeting the $300 travel credit), then 1x points per dollar spent on all other purchases
Welcome Bonus: 50,000 points 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

AAdvantage® Executive World Elite Mastercard®

Rewards Plan:
Up to 2x miles 2 miles for every $1 spent on eligible American Airlines purchases and 1 mile for every $1 spent on other purchases
Welcome Bonus: 50,000 miles 50,000 bonus miles after spending $5,000 in purchases within the first 3 months of account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Calculate Miles: How Much You Can Earn?

If you're a frequent traveler, there is no doubt you can leverage your card to get a bunch of miles rewards, in addition to another benefits it offers. But how much exactly can you earn?

In order to understand that, we need to calculate the miles based on the card terms and spend per each category. However, everyone has its own habits, so it's important to adjust the according to your specific category breakdown.

Bank of America® travel rewards

Spend Per Category
Bank of America® Travel Rewards
$15,000 – U.S Supermarkets
22,500 points
$3,000 – Restaurants
4,500 points
$1,500 – Airline
2,250 points
$1,500 – Hotels
2,250 points
$4,000 – Gas
6,000 points
Annual Points
37,500 points
Estimated Points Redemption Value
1 point ~ 0.6 – 1 cent
Estimated Annual Value
$225 – $375

Card & Issuer Reputation

  • 3/5  on WalletHub customer reviews (+1500 reviews): WalletHub customer reviews allow customers to post positive, negative or neutral reviews about marketplace experiences.
  • 812/1000 on J.D Power: Bank of America ranks in the 3rd place,  got 812 out of 1000 available points on J.D. Power credit card satisfaction survey. J.D Power offers the most comprehensive and independent study of customer satisfaction of card issuers . The study aims to help consumers and issuers to understand user opinions and ratings of the largest bands. It covers terms, benefits, services, communication, rewards and more.

J.D. Power U.S. Credit Card Satisfaction Study 2020

How to Redeem Your Miles Rewards?

With the Bofa travel rewards, cardholders earn 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points.

Bank of America offers you to use your rewards to:

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capital-one-venture
Rewards Plan:
Unlimited 2X miles 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel
Welcome Bonus: 75,000 miles 75,000 miles once they spend $4,000 on purchases within 3 months from account opening

Bank of America® travel rewards

Rewards Plan:
Unlimited 1.5X points 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points
Welcome Bonus:25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases
chase_sapphire_preffered
Rewards Plan:
2x-5x points 5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining and 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases
Welcome Bonus: 60,000 points 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

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Best Ways to Maximize Miles Rewards

Here are some pointers to help you make the most of your Travel Rewards Card:

Join Preferred Rewards: If you meet the membership requirements, joining Preferred Rewards will increase your rewards. You would earn an additional 25% as a Gold Preferred Rewards member. In the above scenario, this would increase your monthly rewards from $30.90 to $38.62, a $92 increase per year.

Link Accounts: Overdraft protection is available by linking your Bank of America checking account. If you want to avoid the embarrassment of declined purchases, you can link your checking account to your credit card, which will trigger an automatic transfer if you are nearing the limit on your card.

How To Apply For Bank of America Travel Rewards Card?

Visit the Bank of America Travel Rewards Card homepage and click “Apply Now.”

how to apply to Bank of America Travel Rewards

This takes you to the next page, where you can fill in your “Personal Information” such as your Names, date of birth, etc.

Bank of America Travel Rewards_Application link

 

The next step is your financial details – you’ll need to share some details about your income and more relevant info such as employment status and annual income.

Bank of America Travel Rewards_Application link

 

Then click on “Continue” to complete the process.

Is the BoFa Travel Rewards Card Right For You?

Bank of America Travel Rewards Credit Card is a great card for frequent travelers who want to earn rewards on their spending but do not want to pay an annual fee. 

This card is also great for those who qualify for Bank of America’s Preferred Rewards Program. Bank of America Travel Rewards Credit cardholders can make the rewards go much further if they qualify for the Preferred Program. This card is straightforward and simple in its rewards and redemption structure. 

Many customers can appreciate the flexibility of redeeming rewards without having to use special carriers. Also there are fewer restrictions and blackout dates. This card comes with a nice 0% introductory rate that cardholders can use to save some money on interest. 

There are better rewards cards available, but many of them come with annual fees and different programs that require cardholders to jump through hoops in order to maximize their rewards.

Compare The Alternatives

There are other credit cards that do offer comparable cash back rewards – we’ve summarized the most popular cards which can use as an alternative to the BoFa Travel Rewards:

Bank of America® travel rewards

capital-one-venture
chase_sapphire_preffered
Bank of America® Travel Rewards credit card
Capital One Venture Rewards Credit Card
Chase Sapphire Preferred® Card
Annual Fee
$0
$95
$95
Rewards
Unlimited 1.5X points 1.5 points for every $1 you spend on all purchases everywhere, every time and no expiration on points
Unlimited 2X miles 2X miles per dollar on every purchase, plus 5X miles on hotels and rental cars booked through Capital One Travel
2x-5x points 5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining and 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases
Welcome bonus
25,000 points 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening – which can be redeemed for a $250 statement credit toward travel purchases
75,000 miles
60,000 points 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
Foreign Transaction Fee
0%
None
0%
Purchase APR
16.24% – 26.24% variable APR on purchases and balance transfers
17.49% – 25.49% Variable
17.49% – 24.49% Variable

FAQ

To maximize the rewards from the Bank of America Travel Rewards Card, you should use the points for travel-related or dining purchases, maximize the signup offer, and use in conjunction with another card.

The card isn't considered as one of the best premium travel cards, so it is not very hard for you to get the Bank of America Travel Rewards Card. You just need to look at the pre-qualification process and see where you might fall short.

Perhaps you did not meet all of the requirements. You can ask the customer service team what you need to do to get accepted or you can look at other card options. You can also take a look on the best Bank of America credit cards to find an alternative.

You are able to redeem these points as statement credit to pay for the likes of travel and dining purchases or you can redeem as cash or in the form of gift cards.

If you do not travel a lot then the Bank of America Travel Rewards Card is not really going to be a good fit for you, as there are more suitable options.

If you travel frequently and will use the rewards on travel-related purchases then the Bank of America Travel Rewards Card could be the ideal fit for your situation.

Yes, pre-approval is an option when you are applying to get a Bank of America Travel Rewards Card. This allows you to avoid a hard credit check.

Review Travel Credit Cards

Best Cards Per Category
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The Platinum Card® from American Express
Rewards Plan:
Up to 5x points 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus: 100,000 points 100,000 points when you spend $6,000 in the first six months

Rewards Plan:
Up to 10X points 5X total points on air travel and 10X total points on hotels, car rentals when you purchase through Chase Ultimate Rewards®, immediately after earning your $300 annual travel credit. Also, earn 3x points on dining at restaurants and travel (after meeting the $300 travel credit), then 1x points per dollar spent on all other purchases
Welcome Bonus: 50,000 points 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening

AAdvantage® Executive World Elite Mastercard®

Rewards Plan:
Up to 2x miles 2 miles for every $1 spent on eligible American Airlines purchases and 1 mile for every $1 spent on other purchases
Welcome Bonus: 50,000 miles 50,000 bonus miles after spending $5,000 in purchases within the first 3 months of account opening

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.