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Frustrated by complicated travel rewards programs? Do you want a credit card that is straightforward and easy to understand when it comes to rewards and perks? Well, take a look at the Bank of America® Travel Rewards credit card. This card is super easy to manage, you receive valuable points, and the options for redeeming those points are flexible. But is it worth applying for?
Straightforward Points Earning
With the Bank of America® Travel Rewards credit card, you receive a flat rate of 1.5 points per dollar spent on all purchases. No need to pay attention to when and where you are using the card, or to try and spend strategically. This is great for those who use their credit card for everyday purchases because you receive a flat 1.5 points per dollar spent on every purchase.
Note: While 1.5 points per $1 is a good flat rate on everyday spend, cards like the Chase Sapphire Reserve® or the Chase Sapphire Preferred® Card offer increased bonuses on travel and dining which provide a better return on spending.
The Bank of America® Travel Rewards credit card also offers a signup bonus of 20,000 points when you spend only $1,000 in the first three months. That's the equivalent of a $200 statement credit towards travel purchases. Most people who regularly use a credit card will have no problem reaching this low spending threshold. While signup bonuses under $400 in value aren't very exciting, for a card with no fee and a low minimum spend, it's worth having on your radar. Check out our list of travel specific credit cards with higher bonuses here.
Flexible Travel Redemption
One of the most attractive features of the Bank of America® Travel Rewards credit card is that you can use your card to book travel arrangements through any website or company you prefer, and then receive a statement credit for your travel purchases.
You can opt to use all of your points, or a certain portion, starting from as low as 2,500 points. This means you can combine offers to get the best deals, and still use your points the way you want. This is a feature that may be especially valuable to families since airline travel is usually the most expensive part of any vacation. Because you aren't limited to using your points with certain airlines, or certain dates, you can really dig for deals and maximize your points when you redeem.
If you do opt to redeem your points through the Bank of America Travel Center, you will receive a nice perk of double points (up to $6,000), or if you pay for travel through the Travel Center, you will receive 3 points per dollar.
Bank of America Customers Get Even More Rewards
The Bank of America® Travel Rewards credit card offers a decent flat rate for earning points, and also offers Bank of America customers bonus points in the form of Preferred Rewards, giving you a bonus of 25%, 50%, or 75% extra points per year, depending on your annual spend and the accounts you have listed with Bank of America. Just having a checking or savings account with Bank of America will get you a bonus of 10% on the points that you receive.
No Annual Fee!
It is important to highlight that the Bank of America® Travel Rewards credit card has no annual fee! So, you can build up your points month after month, and then redeem them when you feel like it—all for no annual fee.
The Bank of America® Travel Rewards credit card has some fantastic perks if you are looking for a no annual fee, everyday travel rewards credit card. With no annual fee, no special categories, and no hard and fast rules about how to redeem points, this is a truly no-nonsense travel rewards card with straightforward advantages. For travelers that prefer cash back rewards, or experienced travelers who really know how to get through the hoops of some of the more complicated (but higher value) travel credit cards, there are better options.
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