Introduction to Bank of America Travel Rewards
The Bank of America Travel Rewards credit card is a popular choice for travelers who want to earn rewards on their purchases and redeem them for travel expenses. With no foreign transaction fees and no rotating categories, this card is ideal for those who want a hassle-free rewards program. In this article, we will delve into the details of the Bank of America Travel Rewards credit card, its benefits, and how to make the most of its rewards program.
How the Bank of America Travel Rewards Program Works
The Bank of America Travel Rewards program is straightforward. Cardholders earn 1.5 points for every dollar spent on purchases, with no limit on the number of points that can be earned. These points can be redeemed for travel purchases, such as flights, hotels, and car rentals, with no blackout dates or restrictions. Additionally, points can be redeemed for cash back, gift cards, and other rewards.
Benefits of the Bank of America Travel Rewards Credit Card
The Bank of America Travel Rewards credit card offers several benefits, including: * 20,000 bonus points after spending $1,000 in the first 90 days of account opening * 0% introductory APR for the first 12 billing cycles * No foreign transaction fees, making it ideal for international travel * Travel insurance and assistance services, including trip cancellation and interruption insurance * 25% to 75% points bonus for Bank of America Preferred Rewards members
Some of the key benefits of this card are highlighted below: * No rotating categories to keep track of * No limit on the number of points that can be earned * Flexible redemption options, including travel, cash back, and gift cards
Earning and Redeeming Points
Earning points with the Bank of America Travel Rewards credit card is easy. Cardholders earn 1.5 points for every dollar spent on purchases, with no limit on the number of points that can be earned. Redeeming points is also straightforward, with options to redeem for travel, cash back, gift cards, and other rewards. Points can be redeemed online or by phone, and there are no blackout dates or restrictions on travel redemptions.
Some examples of how points can be redeemed are: * Travel purchases, such as flights, hotels, and car rentals * Cash back, with a minimum redemption of 2,500 points for 25 * Gift cards, with a minimum redemption of 3,125 points for 25
Bank of America Preferred Rewards Program
The Bank of America Preferred Rewards program offers additional benefits and rewards for loyal customers. Members can earn 25% to 75% points bonus on their credit card purchases, depending on their membership tier. This can significantly increase the number of points earned, making it easier to redeem for rewards.
The Bank of America Preferred Rewards program has three membership tiers: * Gold: 25% points bonus, with a minimum of 20,000 in combined balances * <b>Platinum</b>: 50% points bonus, with a minimum of 50,000 in combined balances * Platinum Honors: 75% points bonus, with a minimum of $100,000 in combined balances
Comparison to Other Travel Rewards Credit Cards
The Bank of America Travel Rewards credit card is one of many travel rewards credit cards available. Some other popular options include: * Chase Sapphire Preferred * Capital One Venture * Barclays Arrival Plus
A comparison of these cards is shown below:
| Card | Annual Fee | Earnings Rate | Introductory Offer |
|---|---|---|---|
| Bank of America Travel Rewards | 0</td> <td>1.5 points per dollar</td> <td>20,000 bonus points</td> </tr> <tr> <td>Chase Sapphire Preferred</td> <td>95 | 2 points per dollar on travel and dining | 60,000 bonus points |
| Capital One Venture | 0 first year, 95 after | 2 miles per dollar on all purchases | 50,000 bonus miles |
| Barclays Arrival Plus | 0 first year, 89 after | 2 miles per dollar on all purchases | 70,000 bonus miles |
💡 Note: The introductory offers and earnings rates listed are subject to change and may not be available at all times.
Final Thoughts
The Bank of America Travel Rewards credit card is a solid choice for travelers who want a hassle-free rewards program. With no foreign transaction fees, no rotating categories, and flexible redemption options, this card is ideal for those who want to earn rewards on their purchases and redeem them for travel expenses. Additionally, the Bank of America Preferred Rewards program offers additional benefits and rewards for loyal customers, making it a great option for those who want to maximize their rewards earnings.
In summary, the key points of the Bank of America Travel Rewards credit card are: * Earn 1.5 points for every dollar spent on purchases * Redeem points for travel, cash back, and gift cards * No foreign transaction fees and no rotating categories * Bank of America Preferred Rewards program offers additional benefits and rewards
What is the earnings rate for the Bank of America Travel Rewards credit card?
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The earnings rate for the Bank of America Travel Rewards credit card is 1.5 points for every dollar spent on purchases.
Can I redeem points for cash back?
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Yes, you can redeem points for cash back, with a minimum redemption of 2,500 points for $25.
Is there a foreign transaction fee for the Bank of America Travel Rewards credit card?
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No, there is no foreign transaction fee for the Bank of America Travel Rewards credit card.
