Is the Bank of America Travel Rewards card worth it? If you’re looking for a no-annual-fee credit card with a 0% intro APR intro offer on purchases, unlimited rewards potential and the opportunity to redeem your rewards for statement credits toward travel and dining expenses, the answer is clear.
The Bank of America content was last updated on June 1, 2022.
The Bank of America® Travel Rewards credit card is a no-annual-fee credit card that offers an unlimited 1.5 points per dollar on every purchase and gives cardholders the opportunity to redeem those rewards as statement credits for travel and dining expenses.
This gives you the kind of spending and booking flexibility that you don’t always see with travel credit cards, many of which require you to make purchases through specific loyalty programs or online portals before you can maximize your credit card rewards.
Plus, new cardholders can earn a welcome bonus worth $250 (25,000 bonus points after spending $1,000 in the first 90 days) while taking advantage of 15 billing cycles of 0% intro APR on purchases (followed by the regular APR of 14.74% to 24.74% variable).
Unfortunately, the Bank of America Travel Rewards card doesn’t offer quite as many perks as some of its competitors – but cardholders who want a top travel credit card that doesn’t charge a hefty annual fee may be very satisfied with what it has to offer.
Is the Bank of America Travel Rewards card annual fee worth it? Absolutely – there isn’t one. And is the Bank of America Travel rewards card worth having in your wallet instead of another card? Let’s find out.
Why is the Bank of America Travel Rewards card worth it?
If you’re looking for a straightforward travel rewards card with unlimited rewards potential and flexible redemption, this may be your card.
Unlimited points potential
The Bank of America Travel Rewards card offers an unlimited 1.5 points per dollar on every purchase. This gives you the freedom to earn travel rewards every time you use your card, whether you’re buying groceries, shopping online, visiting your favorite restaurant or booking your next flight.
Having a flat-rate rewards card in your wallet makes it easy to maximize your credit card rewards. When every shopping trip earns the same 1.5 points per dollar, you don’t have to worry about keeping track of rotating bonus categories or using one credit card for groceries and another credit card for gas. All you have to do is use your Bank of America Travel Rewards card for your everyday spending and you’ll get the most out of every purchase you make.
In addition to the Bank of America Travel Rewards card’s unlimited 1.5 points per dollar, new cardholders have the opportunity to earn a welcome bonus worth $250. If you spend $1,000 in your first 90 days of card ownership, you’ll receive 25,000 bonus points (a $250 value) that you can use for statement credits against travel and dining purchases.
You can also earn a few extra points by booking travel through the Bank of America Travel Center. Every time you use this online portal to book a flight or reserve a hotel room, you’ll earn 3 points per dollar.
Flexible points redemption
Want to redeem your Bank of America Travel Rewards? The possibilities are nearly unlimited. Unlike other travel credit cards that reserve their highest rewards redemption rate for cardholders who book with a specific airline or make purchases through a designated travel portal, the Bank of America Travel Rewards card offers an easy, flexible way to redeem your points – no matter where you choose to book your travel.
After you use your Bank of America Travel Rewards card to make travel or dining purchases – including flights, hotel bookings, vacation packages, cruises, rental cars, baggage fees, restaurants and takeout – you can redeem some or all of your available points as statement credits toward those purchases (with a minimum of 2,500 points required to begin the redemption process).
Why is the Bank of America Travel Rewards card not worth it?
Although the Bank of America Travel Rewards card offers unlimited rewards potential and flexible redemption options, some frequent travelers may want a travel credit card that comes with a few more benefits and perks. Many of today’s best travel credit cards increase their value by offering additional rewards such as TSA PreCheck and Global Entry fee credits or complimentary airport lounge access. Some credit cards provide annual airline vouchers or give you the opportunity to earn free companion fares or hotel stays.
That said, the travel credit cards that offer the most rewards and perks often come with the highest annual fees – and some premium credit cards, such as the Chase Sapphire Reserve card or The Platinum Card® from American Express, charge cardholders more than $500 per year for the privilege of maintaining the account. So, the Bank of America Travel Rewards is one of our top picks for people who want no-annual-fee travel rewards.
Should you get the Bank of America Travel Rewards card?
If you want the flexibility of booking your own flights and hotels without being limited to a single travel provider or a credit card online booking portal, the Bank of America Travel Rewards card could be a good choice. If you’re looking for a travel card that offers flat-rate rewards on every purchase, the Bank of America Travel Rewards card is an excellent option.
Don’t forget about the Bank of America Travel Rewards card’s other benefits, including a sign-up bonus worth $250 (25,000 online bonus points after you spend $1,000 in the first 90 days of account opening), an introductory 0% APR for 15 billing cycles on purchases (followed by its regular APR of 14.74% to 24.74% variable). If you’re looking for a no-frills, no-fuss credit card that gives you the freedom to book your own travel and earn rewards on every purchase the Bank of America Travel Rewards card could be the right choice.
If you’re looking for a flexible travel credit card with unlimited rewards potential, the Bank of America Travel Rewards card could be a good choice. If you’re looking for a travel credit card that offers TSA PreCheck vouchers, airport lounge access and other frequent flyer perks, however, you might want to consider a few other options.
Keep in mind that the travel credit cards that offer the most perks also tend to come with the highest annual fees. The Bank of America Travel Rewards card is a no-annual-fee credit card – which means that if you’re asking yourself whether the Bank of America Travel Rewards card’s annual fee is worth it, you already know the answer.