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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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American Express Disclosure
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American Express Disclosure

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Bank of America® Travel Rewards credit card Review

Bank of America<sup>®</sup> Travel Rewards credit card
Rewards Rate
Unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
Sign-Up Bonus
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
Rates & Fees
No Foreign Fees, No Annual Fee, & No Rewards Cap
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It was not reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Bank of America® Travel Rewards credit card best for?

If you’re in the market for a travel rewards credit card, but don’t want to deal with complicated rewards structures or spending limits, you should look at the Bank of America® Travel Rewards credit card. Cardholders earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.

In addition to using your rewards to book trips, you can redeem points for statement credits to pay for flights, hotels, vacation packages, cruises, rental cars or baggage fees.

We break down the pros and cons of the Bank of America® Travel Rewards credit card, and show how it compares to another travel rewards credit card — the Chase Sapphire Preferred® Card.

Bank of America® Travel Rewards credit card overview

    • Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
    • 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
    • Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
    • Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
    • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
    • If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
    • Contactless Cards - The security of a chip card, with the convenience of a tap.
    • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
  • Recommended Credit
    Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion
  • 660 720 850
    Good/Excellent
  • Foreign transaction fees: none
  • Overdraft protection
  • Digital wallet technology
  • Free access to your FICO Score
  • $0 liability guarantee

Intro Purchase APR

0% Intro APR for 15 billing cycles for purchases

Regular Purchase APR

18.24% - 28.24% Variable APR

Intro BT APR

0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days

Regular BT APR

18.24% - 28.24% Variable APR on balance transfers

Annual Fee

$0

Cash Advance Fee

See Terms

Foreign Transaction Fee

None

Balance Transfer Fee

3% for 60 days from account opening, then 4%

Pros and cons of the Bank of America® Travel Rewards credit card

Pros

  • Sign-up bonus
  • Rewards rate
  • Intro APR on purchases
  • $0 annual fee

Cons

  • Mediocre benefits
  • No bonus earning categories

What we like about the Bank of America® Travel Rewards credit card

  • Sign-up bonus

    New cardholders can earn 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.

  • Rewards rate

    The Bank of America® Travel Rewards credit card lets cardholders earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.

    If you are a Bank of America® Preferred Rewards member, you can earn 25% to 75% more points on every purchase – meaning, you can earn up to 2.62 points per dollar on all purchases. But keep in mind, to earn the highest rewards rate, you need to have Preferred Rewards Platinum Honors status, which requires a three-month average combined balance of $100,000 or more in qualifying Bank of America banking accounts and/or Merrill Investment accounts.

  • Intro APR on purchases

    If you want to finance a large purchase, such as a vacation, and pay it off over time, you can do so interest-free with the Bank of America® Travel Rewards credit card. The card offers a 0% Intro APR for 15 billing cycles for purchases. After that, a 18.24% - 28.24% Variable APR applies to any remaining balance.

  • Annual fee

    The Bank of America® Travel Rewards credit card comes with an annual fee of $0.

What to look out for with the Bank of America® Travel Rewards credit card

  • Mediocre benefits

    While the Bank of America® Travel Rewards credit card offers some helpful benefits, such as overdraft protection, car rental collision damage waiver, and lost luggage coverage, it lacks some popular travel benefits such as like baggage delay insurance.

  • No bonus earning categories

    The Bank of America® Travel Rewards credit card offers a decent flat rewards rate on general purchases; however, there are other travel rewards cards available that offer up to 5 points per dollar on flights and up to 12 points per dollar on hotel stays.

    Just know, these cards typically charge annual fees of $95 or more.

Alternate rewards card to the Bank of America® Travel Rewards credit card

Compare it to the Chase Sapphire Preferred® Card

| Disclosures
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
apply-now-icon Apply Now
on Chase's secure site
N/A
21.49%–28.49% variable
$95
Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
  • Member FDIC
720 850
Excellent

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

If you want a travel rewards card with valuable rewards and more robust benefits — and you don’t mind paying an annual fee — the Chase Sapphire Preferred® Card is a great alternative.

Cardholders enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more. Plus, earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

Along with travel, points can be redeemed for cash and gift cards, or used to pay for products. Points can also be transferred to several airline and hotel transfer partners, including British Airways Executive Club, JetBlue TrueBlue, Southwest Airlines Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, Marriott Bonvoy and more.

The Chase Sapphire Preferred® Card does charge an annual fee of $95; however, the value you can get from the card’s sign-up bonus more than covers that amount during the first year. Additionally, the Chase Sapphire Preferred® Card comes with a number of benefits, including $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards, baggage delay insurance, trip delay reimbursement, trip cancellation and interruption insurance and more.

That said, if you’re planning to pay off a trip or other large purchase over time, the Bank of America® Travel Rewards credit card may be a better choice, since it offers an interest-free period on purchases for more than a year. The Chase Sapphire Preferred® Card, on the other hand, has a regular purchase APR of 21.49%–28.49% variable.

Is Bank of America® Travel Rewards credit card right for you?

If you’re in the market for a travel credit card with a simple rewards structure and $0 annual fee, the Bank of America® Travel Rewards credit card is a solid option. In addition to offering a flat rewards rate on every purchase, the $0 annual fee card has a 0% Intro APR for 15 billing cycles for purchases, then 18.24% - 28.24% Variable APR — which is ideal if you plan to carry a balance on your card from month to month.

But if you want to opportunity to squeeze more value from a card’s sign-up bonus and the ability to earn an elevated rewards rate in a variety of popular spending categories, like travel, dining and groceries, the Chase Sapphire Preferred® Card is a much better fit. Just know, the card also comes with a $95 annual fee and does not offer an intro APR on purchases.

apply-now-icon Apply Now
on Bank Of America's secure site

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.